US Average Hourly Earnings YoY (Jan) Y/Y 3.7% vs. Exp. 3.6% (Prev. 3.8%, Low. 3.5%, High. 3.7%)
The US Average Hourly Earnings YoY reading of 3.7% in January slightly beats expectations of 3.6%, but shows a decline from the previous month's 3.8%.
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 YoY (Jan) Y/Y 3.7% vs. Exp. 3.6% (Prev. 3.8%, Low. 3.5%, High. 3.7%)
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 suggests that while wage growth is holding up better than anticipated, the downward momentum could signal a softening in the labor market, which may influence the Fed's policy stance moving forward.
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