International Market Updates

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• January saw the announcement of the fewest jobs added to the American economy in three years, however the unemployment rate fell well below the.....

Executive Summary

• January saw the announcement of the fewest jobs added to the American economy in three years, however the unemployment rate fell well below the Fed’s target. A strong household spending coupled with increased exports saw 4Q GDP grow at 3.2%. • Britain’s unemployment rate fell sharply. Inflation in Britain fell to 2%, which meets the Bank of England’s target for the first time since 2009. • Europe’s labor market remained in the doldrums in December. Industrial production in the Eurozone expanded faster than expected in November. The services industry in Spain showed the sharpest pickup in activity since 2007. • Eurozone business confidence has swung above its long-term average for the first time in 30 months. • Final 2013 economic data for China show the Asian giant as the World’s biggest trader in goods, surpassing the United States for the first time. • Another major event in emerging markets in January was the 11% decline in the Argentinian Peso against the US Dollar.

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International Market Updates

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