US Average Hourly Earnings MoM (Jan) M/M 0.4% vs. Exp. 0.3% (Prev. 0.3%, Low. 0.2%, High. 0.4%)
The US average hourly earnings rose 0.4% in January, outperforming expectations of 0.3%, which could signal upward pressure on wages.
BMW (BMW GY) is recalling vehicles from several models globally, Bild reports citing KFZ; 575k vehicles worldwide are affected.
[MARKET UPDATE] USD/JPY sharply moves lower from 154.35 to 152.99 in a sharp move post the NFP rise, despite a lack of headlines; Note Japanese markets were closed overnight amid a domestic holiday
US Average Hourly Earnings MoM (Jan) M/M 0.4% vs. Exp. 0.3% (Prev. 0.3%, Low. 0.2%, High. 0.4%)
UK government is reportedly considering a new Help to Buy scheme for first-time buyers, The Telegraph reports
German Foreign Minister says Central Asia needs to do more to follow the EU's sanction against Russia
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This beat aligns with a tightening labor market, suggesting inflationary implications that may influence the Federal Reserve's policy outlook and interest rate path. Market participants may react by adjusting their expectations for rate hikes, particularly given the stronger-than-expected earnings growth.
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