Data this week will probably highlight a divergence in global growth. Employers in the U.S. hired more workers in November, and the government in the U.K. may raise its economic forecast for the first time in three years. Conversely, Brazil’s economy may have contracted in the third quarter for the first time in two years.
European leaders struggling to overcome the scourge of joblessness among the region’s youth said today they’ll boost funds to combat the issue even while relying on economic growth to generate employment.
The Australian currency’s top forecaster is predicting an almost 9 percent drop by the end of 2014, exceeding the consensus outlook, as the Federal Reserve’s taper of stimulus policies will revive a faltering U.S. dollar.
As the Senate prepares to vote tomorrow on advancing gun control legislation, advocates and foes are accelerating lobbying efforts. A prime target: Virginia Senator Mark Warner, a Democrat with an “A” rating from the National Rifle Association.
The Bank of England will keep its target for asset purchases unchanged next week after industry reports that are forecast to point to an improving economic recovery, according to surveys of economists.
A Labour Party government without a parliamentary majority would be a “nightmare scenario” for the pound, pushing it to its weakest level versus the dollar since March 2009 and close to parity with the euro, Investec Plc said.