A spokesperson for the Prime Minister's Office of the United Kingdom said that trade negotiations with the European Union have almost no progress, New jobs in the U.S. are significantly lower than market expectations

In Daily Market Review, English
September 03, 2020

A spokesperson for the Prime Minister’s Office of the United Kingdom said that trade negotiations with the European Union have almost no progress
A spokesperson for the Prime Minister’s Office of the UK said that the UK and the EU have almost made no progress in trade negotiations since August, and criticized the EU for requesting that the UK agree to the same government subsidy standards and allows continued fishing in the UK waters. Otherwise, the negotiating position of refusing to discuss other issues is unintentional to compromise. , Which eventually led to the stagnation of negotiations. However, the British side reiterated that it is still possible to reach an agreement before the end of the “Brexit” transition period at the end of the year, but it is not easy. The remarks add uncertainty to the new round of trade negotiations between the UK and the EU to be held next week, and may restrict the performance of the euro and the pound in the short term.

New jobs in the U.S. are significantly lower than market expectations
In the United States, the number of private jobs in the Human Resources Service Company (ADP) increased by only 428,000 in August, far less than the market’s original expectation of 950,000. The previous value was revised up to an increase of 212,000. During the period, employment in the construction industry increased by 28,000, manufacturing employment increased by 9,000, and service industry employment increased by 11,000. New jobs for small non-farm farmers in the United States were significantly lower than market expectations, causing the market to worry about the official employment figures to be announced on Friday.

 

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