The US is set to release unemployment rate figures on Friday as leaders continue to tackle the country's financial deficit.
Lawmakers are expected to announce that 155,000 jobs were added to the economy in December which would be considerably less than is needed to bring down unemployment.
It adds another spanner in the works as the US works through its economic crisis.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
President Barack Obama and congressional Republicans reached a budget deal on Tuesday to avert $600bn in tax hikes and spending cuts, but they face a political showdown over the next two months as the troubles are far from over.
Some argue the deal, which raises taxes for high earners, has done little to curb the budget strains.
The debacle has weighed heavily on the jobs sector as the country tries to recover from its financial struggles. A slump in Asian trading has also slowed down jobs creation.
The US needs to add more than 356,000 jobs each month over the next three years in order to lower unemployment rate to 6%, but analysts say the government is setting its sights too high given its current policies.
EGMs
Great Eastern Energy Corp Ltd. GDR
GMs
London & St lawrence Inv Co.
Sound Oil
INTERIM DIVIDEND PAYMENT DATE
Big Yellow Group
Brown (N.) Group
Castings
Cello Group
City of London Group
Dee Valley Group
Dee Valley Group (Non-Voting)
JD Sports Fashion
Juridica Investments Ltd.
Majestic Wine
Rolls-Royce Holdings
Sainsbury (J)
Slingsby H.C
Tate & Lyle
Value and Income Trust
UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
M4 Money Supply (09:30)
Mortgage Approvals (09:30)
Official Reserves (09:30)
PMI Services (09:30)
Trends in Lending (09:30)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
PMI Composite (GER) (08:55)
PMI Services (GER) (08:55)
PMI Services (EU) (09:00)
Non-Farm Payrolls (US) (13:30)
Unemployment Rate (US) (13:30)
Factory Orders (US) (15:00)
Goods Orders (US) (15:00)
ISM Non-Manufacturing (US) (15:00)
ISM Services (US) (15:00)
RD
-
Is a mortgage in retirement always a bad idea?A mystery shopper exercise shows high street lenders are “shunning” retirees looking to take out a mortgage. Are they right to do so?
-
Three funds to consider as UK small caps trade at 30% discountUK small caps have been unloved for some time, but a shifting economic environment could give them a boost
