US August Challenger layoffs 15.7k vs 18.9k prior 0 (0)

Latest data released by Challenger, Gray, and Christmas Inc
– Prior 18.9k
US-based employers announced 15,723 job cuts last month, down 17% from July. The total layoffs for the month was the lowest since June 1997 and from a year-on-year comparison, job cuts in August this year were down 86% from August 2020.

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ECB’s Stournaras: Recent jump in inflation is due to temporary factors 0 (0)

ECB policymaker, Yannis Stournaras, remarks to Bloomberg
Not really siding with the hawks there, is he? In any case, expect more of the same by the ECB in their communique this month and then expect follow-up reports to show a difference in opinion among policymakers on inflation and reining in pandemic support.

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US MBA mortgage applications w.e. 27 August -2.4% vs +1.6% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 27 August 2021
–  +1.6%
– Market index 719.4 vs 737.1 prior
– Purchase index 259.0 vs 257.5 prior
The drop in the past week largely comes a decline in refinancing activity with purchases keeping steadier after the rise in the week before. That said, and that

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