UK FTSE 100 is cheerful today as data shows service sector returned to growth Purchasing Managers’ Index – PMI – for January came in at of 52.4, ( a sixteen month high) and up from December’s figure of 49.3. A figure of 50 or above indicates expansion. The FTSE 100Read More →
Scheduled events Australia unemployment data comes in far better than expected creating nearly 29,000 jobs against consensus of 15,000. EU – ECB interest rate decision due at: 12:45 GMT followed by monetary policy statement at: 13:30 GMT U.S. – Unemployment ‘jobless’ claim data due at: 13:30 GMT Japan – BoJRead More →
The German economy grew by 0.6% last year, according to official figures released by Destatis, its weakest performance since 2013. The German statistics office said growth was driven mainly by household spending. Business investment in machinery and equipment was weaker. Exports did grow – but more slowly than in previousRead More →
Or should that be indices U.S. stocks have shown remarkable resilience in recent years. All rise They have all climbed ever higher, breaking new records despite many uncertainties circling the U.S. economy such as, Trump’s impeachment, allegations of election shenanigans, allegations of model payoffs, recessionary fears, inverted yield curves, droneRead More →
Brexit update: Johnson wins vote on his deal, requests MPs to move on Boris Johnson’s Brexit deal cleared its first hurdle in Parliament on Friday, placing the UK on course to leave the European Union next month. MPs voted by 358 to 234 for it to proceed to its nextRead More →
ECB holds rates at 0% and keeps its forward guidance unchanged The European Central Bank (ECB) kept rates unchanged on Thursday, in what marked President Mario Draghi’s last monetary policy meeting before Christine Lagarde takes over. Lower growth The euro zone is seeing lower growth – in part held back by globalRead More →
Brexit latest update – more indecision EU defer extension decision 25th October 2019 EU defer decision on extension length as UK PM Boris Johnson puts forward plan for December election. European Union members agreed in principle a Brexit delay – but deferred a decision on the length of the extensionRead More →
Deal breakthrough? If the markets are anything to go by and with investor sentiment so high today – a U.S. – China trade deal breakthrough has to be more likely now than ever? Positive news is in abundance right now and the markets are lapping it up. Brexit deal andRead More →
Market moving news Asia markets China markets still closed for public holiday, last day today. Asia markets slow ahead U.S – China talks. Japan’s Nikkei closed down at: 21375. The main news this week will be the resumption of U.S. – China trade talks in Washington on 10th October 2019.Read More →
Stock market events scheduled for today likely to move markets China and Germany stock markets closed today. Japan – foreign investment data Australia – balance of trade data Germany – PMI data due UK – PMI service data due EU – retail sales data due U.S. – employment data dueRead More →