OVERVIEW
- US manufacturing activity accelerates; construction spending hits a record high.
- USD higher against the majority of G10 counterparts.
- German unemployment is at a record low.
- Fresh record highs for US stock markets.
- Oil prices hit fresh 2-1/3 year highs.
HIGHLIGHT
Unemployment in Germany hit a record low of 5.5% last month as its jobless total fell more than expected as Europe’s powerhouse continues to enjoy a broad-based economic upturn.