Dow gains 570 points as Nasdaq starts recovery U.S. stocks quickly bounced back from a sharp sell-off on Friday, 5th March 2021as bond yields eased. A better than expected jobs report boosted sentiment too. The Dow Jones Industrial Average climbed 572 points, to 31,496 after losing 150 points in intradayRead More →
So, stocks are up and that means all is okay – no I don’t think so. These big stock market bets on economies re-opening quickly and going back to ‘normal’ are likely lulling us in to a false sense of security. We want it to be good again, of courseRead More →
The U.S. economy slowed more than expected with the GDP reading for the first quarter coming in at -5%. Analysts have suggested that the second quarter GDP could be down by as much as 40% 1 in 4 Americans have lost their jobs Data yesterday, 28th May 2020, showed U.S.Read More →
Unemployment claims increased UK unemployment data released at 07:00 BST Tuesday, 19th May 2020 reported a big rise in benefit claims. The benefit claimant count in April 2020 increased by 856,500 to 2.1 million, according to data released from the the Office for National Statistics (ONS). As UK unemployment claims jumped, andRead 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 →
The Office for National Statistics – (ONS) reported UK employment data on 21st January 2020. Job growth strongest for a year The number of people in employment rose by 208,000 to 32.90 million in period September to October – the biggest increase since the three months to January 2019. UnemploymentRead 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 →