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NAB Morning Call
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UK Employment Data Analysis and Rate Cut Speculations
Exploring the latest UK employment figures for March, including unexpected drops in employment numbers and a rise in the unemployment rate, alongside the surprising increase in average earnings. Speculations on a potential rate cut in the UK are discussed, considering factors like services inflation, wage trends, and upcoming CPI data, in contrast to varying opinions on the timing from June to August. Economic confidence in Europe, especially in the Euro area and Germany, is highlighted, hinting at positive trends in services PMIs and the overall economic outlook of the region.
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