UK economic uncertainty Consumer spending in June was at its weakest since the mid-1990s, adding further evidence that the British economy is shrinking. According to survey data released today by BRC. Consumers are no longer propping up the economy. Lower consumer confidence. Weak second quarter GDP figures expected. Continued BrexitRead More →
The U.S. earnings season is almost upon us and this data will likely move markets more so than usual My dilemma is what the Fed will do regarding interest rates in either of these ‘what if scenario’s…‘ And the dilemma is… First – What if we see weaker than expectedRead More →
Scheduled economic news likely to move markets today U.S. – an array of Fed speakers today with the Fed’s chair Powell speech scheduled for: 13:45 (BST) Summary Ongoing – U.S. & China trade war – talks progress update awaited. Fed July interest rate cut speculation has been dampened as betterRead More →
Scheduled economic news and data quieter today Deutsche Bank – announces restructuring and job losses over the next 2-3 years Japan – Bank of Japan governor speech Germany – industrial production, exports, imports and trade balance data due at: 07:00 (BST) U.S. – consumer credit data due at: 19:00 (BST)Read More →
Economic calendar news 5th July 2019 Germany – factory orders data lower than expected in May U.S. – The one to watch today, job and payroll data (non farm payrolls) due at: 13:30 (BST) If the data comes in better than expected, the Fed may pause on potential rate cutsRead More →
Quieter day on the economic calendar U.S. – Stock markets closed for Independence day holiday. EU – Retail sales data due at: 10:00 Ongoing – U.S. & China trade war uncertainty manifests – markets waiting for ongoing trade discussion updates, FED interest rate cut (July rate cut speculation increases dueRead More →
Brexit paralysis takes hold of the service sector Latest purchasing managers index (PMI) service data indicates that the UK economy is shrinking or at the very least remains flat. The reading fell to 50.2 in June, below the 51 that had been expected. Brexit uncertainty continues to dampen business enthusiasmRead More →
Economic calendar 3rd. July 2019 Main scheduled events likely to move markets today… China – Caixin services PMI data drops 1.7 pts to 52 but remains in expansion territory UK, EU ,France, Italy, Spain, Germany – Service PMI data due between : 08:30 – 09:30 U.S. – Trade balance andRead More →
What to expect from company reporting this quarter starting mid July 2019 It’s nearly that time again when we wade through a deluge of facts and figures as company trading updates hit the markets. With markets pushing to new record highs and with the ever elusive U.S. China trade dealRead More →
June data released today 2nd. July 2019 appears to show UK construction dramatically slowed May 2019 reading was 48.6 with commentators expecting the June reading to be 49.2. A reading above 50 shows growth, below 50 demonstrates contraction. June’s purchasing managers index – PMI reading came in at: 43.1 –Read More →