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…

Read More

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…

Read More

Markets march on regardless

U.S. Bull Market

Just the slightest hint of positive news is all it takes to push markets up, especially in the U.S. Global growth worries? For all the understandable worries about the impact of the coronavirus – global growth outlook has been improving, monetary policies remain fluid and the U.S. earnings season, so far, has produced mainly positive results. As markets recovered losses from the fall on Friday and then stabilised – the coronavirus related vaccine news and details of new drug treatments triggered another upward lurch across global markets, highlighting the low…

Read More

UK registers first trade surplus since mid 1980’s

GB

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. The trade in goods alone resulted in a deficit of £5256 million in November and a non EU surplus in goods and services of £1734 million. Go UK!

Read More

Date set for signing U.S. – China Phase One trade deal

U.S. China Trade Deal

U.S. President Donald Trump announced 31st December 2019 that he will be signing the U.S. – China Phase One trade deal on 15th January 2020 in Washington. The deal, is expected to reduce tensions between the two countries. The U.S. president said, the treaty would be signed in Washington in the presence of ‘high level representatives’ from China. In a tweet the President also said, ‘At a later date I will be going to Beijing where talks will begin on Phase Two!’ Mr Trump recently called off plans for tariff…

Read More

Daily roundup market moving news, 15th August 2019, slowdown or recession?

Stocks and shares

Market moving news daily roundup – events & news likely to move markets 15th August 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Summary Market moving news roundup, 15th August 2019 Bond yields Yesterday investors took fright at the inversion of bond yields, an indicator of a potential recession. However, over night the Hang Seng remained flat and the Nikkei index recovered earlier loses to close down around 1.2% – compared to the DJIA 800 point drop of around…

Read More

Market moving news, daily roundup 14th August 2019, China – U.S. September trade talks scheduled

Stock markets

Market moving news daily roundup – events & news likely to move markets 14th August 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Market moving news roundup, 14th August 2019 Summary China – U.S. trade update China, reportedly, will hold trade talks with the U.S. in September as originally scheduled. This news comes as U.S. relaxes tariff increases. The U.S. President has ‘pulled back’ on some tariffs on Chinese goods that had been included in the latest round levied…

Read More

U.S. stock markets conundrum! Dark clouds gathering?

Market correction due

It’s a mad mad market when good news is bad and bad news is good If we are to believe that the global economy is weakening and slowing down, then why have stock markets rallied so dramatically this year, especially in the United States? We have a mad situation where, good news is bad news and bad news is good news! It’s nothing new though, just odd! In an ideal world, shouldn’t stock market ‘performance’ be driven mainly by company ‘performance’? Right now – (12th. July 2019) – the U.S.…

Read More

Economic calendar 10th. July 2019

Scheduled economic news most likely to move markets today China – consumer price data UK – manufacturing, trade balance and industrial production data due at: 09:30 (BST) UK – GDP – Gross Domestic Product figures due at: 09:30 (BST) Germany – bond auction U.S. Fed’s chair Powell speech due at: 13:30 (BST) – likely to move markets Canada – Bank of Canada interest rate decision and monetary report due at: 15:00 (BST) U.S. FOMC minutes due at: 19:00 (BST) – this report often pushes the U.S. stock markets around! Japan…

Read More

Economic calendar 1st. July 2019

Economic calendar 1st. July 2019 economic calendar main scheduled events likely to move markets today… General overview – markets futures climb. Relief ‘lift benefit’ from U.S. China restarting trade talks. China – PMI data U.S. – OPEC meeting Germany – Employment & PMI data due 09:00 (BST) UK – PMI data due at 09:30 (BST) EU – Employment data due at 10:00 (BST) U.S. – Manufacturing PMI data due at 14:45 & 15:00 (BST) Ongoing – U.S. & China tariff war and renewed trade discussions, FED interest rate cut (July…

Read More