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US: Improvement in JOLTS job openings? - Nomura

Against the backdrop of a strong US labor market, the job openings rate remained elevated at 3.9% in February, consistent with steady labor demand, points out the research team at Nomura.

Key Quotes

“The quits rate also remained relatively high at 2.2%, pointing to increased workers’ confidence in moving between jobs. As the labor market improves further, we expect continued improvement in these indicators in the near term.”

GBP/USD bears now eyeing a decisive break below 1.35 handle

   •  Retreats nearly 100-pips from intraday highs on resurgent USD demand.    •  Investors’ reluctance to place aggressive bets might limit further
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Italy: Political gridlock coming to an end - ING

Paolo Pizzoli, Senior Economist at ING, points out that Italian President Mattarella has decided to put an end to the political gridlock by proposing
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