Saturday, 14 Dec 2019

U.S. net long dollar positions rise in latest week -CFTC, Reuters

RBA’s Debelle Says Lower Wage Rise Is New Normal

Reserve Bank of Australia Deputy Governor Guy Debelle said the lower wage growth has become the new normal.

Around 80 percent of firms expect stable wage growth over the year ahead and only about 10 percent anticipate stronger wage increases. “This supports the case that lower wage rises have become the new normal,” he said in a speech to Australian Council of Social Service conference, on Tuesday.

“We expect wages growth to remain largely unchanged at its current level over the next couple of years,” Debelle said.

The banker noted rising evidence that suggests that wage adjustments of 2-3 percent have become the norm, rather than the 3-4 percent in 2012.

Debelle observed that the surprising strength in labor supply has been one of the factors that contributed to wages growth being slower than expected.

He said the more wages growth is entrenched in the 2-3 percent range, the more likely it is that a sustained period of labor market tightness will be necessary to move away from that.

This increase in labor supply has meant that the strong employment outcomes in recent years has not generated the pick-up in wages growth that might otherwise have occurred, he added.

He concluded that a gradual lift in wages growth would be a welcome development and it is needed for inflation to be sustainably within the 2-3 percent target range.

U.S. oil futures mark first climb in three sessions

U.S. benchmark oil futures settled higher on Monday for the first time in three sessions, getting a lift following a report that the Organization of the Petroleum Exporting Countries and its allies may agree later this week to deeper production cuts. Reuters reported the group of producers, collectively known as OPEC+, may consider increasing output reductions by 400,000 barrels a day to 1.6 million barrels a day. Against that backdrop, January West Texas Intermediate oil CLF20, +1.49% tacked on 79 cents, or 1.4%, to settle at $55.96 a barrel on the New York Mercantile Exchange. Prices posted losses on Wednesday and Friday, with trading closed Thursday for the Thanksgiving holiday.

U.S. President trump arrives in London for NATO summit

LONDON (Reuters) – U.S. President Donald Trump landed in London on Monday for a NATO summit. Queen Elizabeth will host the NATO leaders at Buckingham Palace on Tuesday.

U.S. President trump arrives in London for NATO summit

LONDON (Reuters) – U.S. President Donald Trump landed in London on Monday for a NATO summit. Queen Elizabeth will host the NATO leaders at Buckingham Palace on Tuesday.

George Conway Bitingly Responds To Wife Kellyanne Conway’s Tweet On Trump

No matter how you cut it, it seems like there’s some serious tension happening in the Conway household.

On Monday, one of President Donald Trump’s most outspoken critics, George Conway, had quite the response to a tweet about Trump from his wife, White House strategist Kellyanne Conway.

First, Kellyanne tweeted a video of former Vice President Joe Biden talking about his hairy legs. “We need Ukraine’s help to defeat THIS guy?” she wrote.

Less than 20 minutes later, George quoted her tweet and added, “Your boss apparently thought so,” referring to Trump’s alleged attempt to establish a quid pro quo with Ukraine.

It’s unclear if we’re all playing witness to some kind of intricate game within the Conway marriage, or if this is an actual feud.

George has been outspoken about his distaste for his wife’s employer for years now, and Trump is well aware of his feelings.

The president told “Fox & Friends” last month that while he thinks “Kellyanne is great,” he believes “she is married to a total whack job.”

“She must have done some number on him … I don’t know what Kellyanne did to that guy because I don’t even know him. I met him for a second,” Trump told the show. “He’s got to be some kind of a nut job. She must have done some bad things to him, because that guy is crazy.” 

Three Mens’ Journey: Moncton musicians help other men open up about mental illness

Opening up about mental illness can be particularly difficult for men.

That’s why three musicians from Moncton are sharing their own battles in a live music forum that’s also meant to kick-start an important conversation.

“Men are struggling with mental health and (struggling) to talk about it,” said Marty Bourque, a member of a show called “Three Mens’ Journey” along with Moncton musicians Frank Williams and Guy Godin.

U.S. net long dollar positions rise in latest week -CFTC, Reuters

Dec 2 (Reuters) – Speculators increased their net long dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday.

The value of the dollar’s net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, rose to $20.11 billion in the week ending Nov. 26, from $18.36 billion the previous week. (Reporting By Karen Brettell Editing by Marguerita Choy)

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