U.S. GDP at -5% in first quarter

U.S. GDP

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. job losses increased again with nearly 41 million workers now unemployed. If it is possible for there to be a faint glimmer of hope at this time – the data does suggest that the trend is slowing. The weekly count…

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European stocks slide amid weak data and coronavirus concerns

Stocks fall

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 December against expectations for a 0.1% rise. Manufacturing misery was aggravated further by a whopping 8.7% monthly slump in construction. French industrial production also fell further than analysts predicted in December. U.S. stocks U.S. stock futures slipped ahead of U.S. jobs…

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China to halve tariffs on hundreds of U.S. goods

Trade tariffs U.S and China

China announced on Thursday 6th February 2020 that it will halve tariffs on hundreds of U.S. products. China is reported to have said that tariff reductions for the relevant goods will take effect from the 14th February 2020. They were initially announced on the 1st September. Global markets climb Global markets, already in a buoyant mood, reacted very favourably to the news. U.S. markets, already on steroids since Monday, climbed even higher overnight. Dow futures touched 29525. Will U.S. cut tariffs too? China may expect the tariff reduction to be…

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Deal time? U.S. – China trade talks & a Brexit breakthrough likely? 11th October 2019

Stock markets up

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 and a U.S. China trade deal soon? UK PM Boris Johnson and Ireland PM Leo Varadkar – after constructive talks Thursday, released a joint communication agreeing they could see a potential ‘pathway’ ahead to a Brexit deal. There is at least…

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News and events affecting markets today, 7th October 2019

Stocks and Shares

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. Hopefully this time to move forward on the trade tariffs if not on all of the concerns in dispute. Nikkei closed down at: 21375 German industrial orders fall Industrial orders in Germany lost more ground in August, according to official…

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Stock market moving events and news 3rd October 2019

Stock markets

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 due – jobless claims U.S. – services & non-manufacturing PMI & factory orders data due Other market moving news today, October 3rd 2019 Asia stocks fall – Japan’s Nikkei drops by around 2% to close at: 21342. Ted Baker shares fall…

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U.S – China trade war – Trump, tariffs and trade

Trade war

What a difference a day makes – or a even a few weeks… Just a few week’s ago, President Trump was ramping up additional tariffs after China retaliated with a return salvo as new tariffs came in to force from both sides on 1st September 2019.  Markets fell back after reacting badly to Trumps tweets and tariff increases. The Dow fell over 600 point plus in one day. Concessions and the tariff turn-a-round Confirmation soon came that high level trade talks were to resume in Washington in October as China…

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U.S. – China trade talks to resume October. Daily market moving news & events roundup, 5th September 2019

Stock markets up

U.S. – China trade talks to resume October. Market moving daily news roundup – events & news likely to move markets 5th September 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 5th September 2019 Australia – trade balance data due Switzerland – GDP data due Germany – factory orders data due: 07:00 BST EU – ECB member speech due: 08:00 BST U.S. – jobless employment data & non-farm productivity due: 13:30…

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New trade tariffs take effect. Daily market moving news & events roundup, 2nd September 2019

U.S. - China trade tariffs

Market moving daily news roundup – events & news likely to move markets 2nd September 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 2nd September 2019 Wall Street closed for holiday Australia – manufacturing PMI data due China – manufacturing data due Italy – manufacturing data due: 08:45 BST France – manufacturing data due: 08:50 BST Greece – manufacturing data due: 09:00 BST Germany – manufacturing data due at: 08:55 BST…

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UK Parliament to be suspended – Daily market moving news & events roundup, 29th August 2019

Westminster

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 data due and consumer confidence reading France – GDP data due Norway – GDP data due Spain – consumer price index data due Sweden – consumer confidence reading due Germany – employment data due at: 09:00 BST Italy – industrial and…

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