- Labour supply is recovering very slowly
- Firms are reluctant to make people redundant
Gilt yields are breaking out today:
Gilt yields
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BOE's Bailey: Latest jobs data shows a very tight labour market
- Comments from Bailey after today's jobs report
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- In-line CPI report leads to a blockbuster day for US stock markets
- US November NFIB small business optimism index 101.7 vs 94.2 expected
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- ForexLive European FX news wrap: USD/JPY sticks with the early bounce, ADP up next
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