Good news UK and U.S. markets were closed Monday 25th June 2020 – but that didn’t stop European markets roaring ahead yesterday. There are a number of positives for markets to be happy about right now. England is to re-open non-essential shops by mid June. European countries are easing theirRead More →
Market jitters On Monday, 18th May 2020 the markets basked in positive news pushing stocks up. Fed chair, Jerome Powell, said he had more ammunition to help the economy recover from its coronavirus hit. Then came more positive news from a U.S. pharmaceutical company, Moderna Inc., saying that their vaccineRead More →
The German economy is reported to have contracted 2.2% in the first quarter 2020, the worst period in 11 years, according to the Federal Statistical Office. The decline was worse than the 2.1% drop expected by economists. GDP from the fourth quarter was revised down to a -0.1% decline fromRead More →
Powell says virus poses lasting harm The U.S. economy faces unprecedented downside risks that could do lasting damage if policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell is reported to have said. Fed Chairman Jerome Powell said more measures will likely be needed to pull theRead More →
The UK economy shrank by 2%, the worst fall since the financial crisis of 2008. The Office for National Statistics (ONS) said the economy contracted by 2% in the three months to March, following zero growth in the final quarter of 2019. The decline was marked by a record fallRead More →
Re-opening the UK economy It is generally agreed that economies will be much harder to re-open than they were to close. The UK PM on Sunday evening set out his plan to re-open the UK economy but this plan is still to be fleshed out. Boris Johnson, throughout lockdown, hasRead More →
Germany’s economy stagnated in the 4th quarter Germany released GDP data today, 14th February 2020 for the 4th quarter, showing there was no growth in Q4 2019 and that the annualised rate of growth was just 0.4%. A report in the FT estimates that this will drag down growth inRead More →
European stocks slide European stocks fell Friday as German industrial production slumped. Investors were also waiting for U.S. jobs data due for release Friday at: 13:30 GMT. The coronavirus concern remains high! Industrial data readings German industrial production came in far worse than expected, with a 3.5% drop in DecemberRead More →
At 11am (not 12am) on 31st January 2020 the UK will leave the EU After more than three years of indecision, procrastination and paralysis – the United Kingdom will finally cut away from the European Union. Deadline The withdrawal agreement will now come into effect, as the UK moves intoRead More →
Stocks rebound Global stocks recover lost ground after falling on Monday 27th January 2020. European stocks pick up The FTSE 100 closed Monday at: 7412 down 174 points but picked up Tuesday by 77 points to close at: 7481. Germany’s Dax dropped Monday by 372 points to close at down:Read More →