UK borrowing surges to pay for Covid-19 impact The UK’s debt is now worth more than its economy after the government borrowed a record amount in May 2020. The £55.2 billion was nine times higher than in May 2019 and the highest since records began. The borrowing sent government debtRead More →
As we continue to look at the economic damage done by the coronavirus, yesterday’s focus was on the U.S. ISM manufacturing PMI, which rebounded a little and gave some optimism to markets. The data may suggest that the worst is past for the U.S. economy and that the slowdown inRead More →
Scheduled market events U.S. – The Federal Reserve due to announce interest rate decision at: 19:00 GMT followed by press conference at: 19:30 GMT. U.S. current interest rate is: 1.75% – the consensus is for it to remain at 1.75% Germany – consumer confidence survey data due UK – NationwideRead More →
Data released today 17th January 2020, reports that China’s economy slowed to its slowest pace in 29 years! But it is slowing from a high and a remarkable period of sustained growth. Will a slowing economy affect the Phase One trade deal? If China’s economy is slowing, how does thisRead More →
The United Kingdom actually reported a trade surplus yesterday, something it failed to achieve since the mid-1980’s. Trade surplus Data published by the Office for National Statistics (ONS) yesterday showed November’s trade surplus was £4031 million, a sensational record high and compares with a record £8145 deficit in March 2019.Read More →
Market moving daily news roundup – events & news likely to move markets 29th August 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Summary Economic calendar – scheduled news and events 29th August 2019 Japan – bond investment dataRead More →
Main scheduled daily economic news and data most likely to move markets today, 14th August 2019 Japan – machinery orders Australia – wage price index data due China – retail sales and industrial orders data due Germany – GDP data due at: 07:00 BST UK – retail/consumer price index dataRead More →
Main scheduled daily economic news and data most likely to move markets today, 13th August 2019 Singapore – GDP data due Germany – consumer price index data due at: 07:00 BST China – foreign investment data due at: 08:00 BST UK – employment and earnings data due at: 09:30 BSTRead More →
Main scheduled daily economic news and data most likely to move markets today, 12th August 2019 Quiet scheduled event news day U.S. – securities ‘bill’ auction due at: 16:30 BST U.S. – monthly budget data July due at: 19:00 BST Note Items highlighted in red are more likely to moveRead More →
Main scheduled daily economic news and data most likely to move markets today, 7th August 2019 Little scheduled major market moving data to report today. Note – China’s yuan China – sets yuan rate at slightly below $7.00. The yuan has been weakening recently as the trade war between theRead More →