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Implementation of the latest round of layoffs at Google began in the US at the end of last week. "The New York Times" and "The Verge" reported that at least 1,000 employees from various departments, including engineering…

The interest rate on the MLF loans currently stands at 2.5%. It was last cut in August 2023, from 2.65%.Market expectations:the consensus estimate in the Bloomberg survey of analysts is that the People's Bank of China (PBOC) will cut 10bp…

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK mortgage approvals rose more than expected to a five-month high in November, according to Bank of England data…

Prior month 0.6% revised to +1.2%Overall Construction Spending Increase: In November 2023, construction spending was at a seasonally adjusted annual rate of $2,050.1 billion, a 0.4% increase versus estimate of 0.6%. October was revised…

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a…

China's Manufacturing PMI from the National Bureau of Statistics (NBS) for December has come in at its third straight month of contraction at 49.0, much worse than was expectedfrom 49.5 expected and 49.4 in NovemberServices at 50.4, a…

Prior month 0.1% revised to 0.0%Canada GDP 0.0% versus 0.2% expectedService producing industries rose 0.1%Goods producing industries or unchangedThe advanced GDP for November is a gain of 0.1%Some details on Manufacturing Sector:Overall…

US Nov core PCE y/yPrior was +3.5%PCE core m/m +0.1% vs +0.2% expected (unrounded at 0.09%)Prior m/m core +0.2%Headline PCE 2.6% vs +2.8% expected (prior +3.0%)Deflator m/m -0.1% vs +0.0% expected (prior +0.0%) -- first negative monthly…

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a…