US Average Weekly Hours (Jan) 34.3 vs. Exp. 34.2 (Prev. 34.2)
The US average weekly hours edged out expectations, coming in at 34.3 versus the anticipated 34.2, maintaining stability from the previous month.
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 Weekly Hours (Jan) 34.3 vs. Exp. 34.2 (Prev. 34.2)
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 slight increase may indicate underlying resilience in labor demand, which could support the growth-inflation narrative. Analysts will likely watch for confirmation of this trend in upcoming employment reports, as it may influence monetary policy outlooks.
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