While you were sleeping: BOE cuts rate

Thu, 04 Aug 2016

By Margreet Dietz Aug. 5 (BusinessDesk) - Wall Street was little changed as investors eyed Friday’s US jobs data to gauge the odds of a Federal Reserve rate increase this year, while the Bank of England lowered its key rate for the first time since 2009. After Wednesday’s better-than-expected ADP jobs data, a Labor Department report showed initial claims for state unemployment benefits unexpectedly rose, gaining 3,000 to a seasonally adjusted 269,000 for the week ended July 30. "The data do indicate the economy and the labour market ar...

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