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May 18, 18 •
1453 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Growing fears in the EU over new Italian policies, possibly implying next crisis in the Eurozone
Two parties in Italy are nearing a government coalition, where the anti-establishment 5-Star Movement and the far-right League are both looking to challenge EU limits on government borrowing and spending. If the coalition brings on the aimed tax-cutting and...
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May 17, 18 •
1568 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on US building permits fall in April, while the manufacturing output rises
As per the numbers that came out yesterday, the US housing market continued to fall due to the shortages of land and skilled labor. The housing stats dropped in April by 3.7% to seasonally adjusted annual rate of 1.287 million units according to the Commerce...
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May 16, 18 •
1434 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on German ZEW economic sentiment missed the forecast; Eurozone GDP growth slower in the 1st quarter
Yesterday the German ZEW economic sentiment numbers came close to levels last seen in 2012, emphasizing the ongoing concerns of the health of the EU’s largest economy. While the analysts were expecting the index to improve to -8.0 points, the ZEW Center for...
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May 15, 18 •
1566 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on The Fed will continue gradual approach to interest rate rise
On Monday, the Fed President, Mester stated that it is to be expected that a gradual approach will be continued regarding the raise of interest rates as the inflation did not yet reach the 2% goal set by the US central bank. According to Reuters, Mester...
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May 14, 18 •
1479 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on As the US pulled out from the Iranian deal, Europe moves forward in safeguarding the commercial and political interests
According to Reuters, Europe’s biggest economies took steps on Friday in order to protect their political and commercial interests in Iran. Their objective is to keep the nuclear deal with Iran live after the threat of the US imposing sanctions following...
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May 11, 18 •
1502 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on BoE kept the interest rates steady for now, macroeconomic data showing gloomy 1st quarter of UK economy; US unemployment figures better than expected
On Thursday all eyes were on the macroeconomic data coming from the UK, where the British industrial output hardly rose in March, just to confirm the gloomy 1st quarter for the UK’s economy. The data was released along with the construction industry figures...
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May 10, 18 •
1603 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Trump withdrawn the Iran deal, markets reacted little to the news
On Tuesday, the newswires were dominated by the decision made by President Trump, to pull out from the Iran nuclear deal. The US President pulled out of the 2015 deal, which places limits on Iran’s nuclear program in exchange for compromise with the West....
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May 9, 18 •
1565 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Fed interest rate hikes should not surprise the markets if the US economy evolves as expected; Germany may not be at a standstill after all
The investors were closely monitoring the Fed Chair Powell speech yesterday regarding the gradual policy rate increases. As the US central bank’s chairman stated earlier yesterday, the Fed interest rate hikes may not pose a big risk after all on the global...
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May 8, 18 •
1575 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on The Euro zone morale in continuing deterioratation influenced by the threat coming from the US regarding the possible introduction of tariffs and a protectionist spiral
According to Reuters, the investor morale in April has continued to deteriorate, making it the fourth month in a row. According to a survey presented on Monday, the morale is at its lowest since February 2017 and it has been greatly influenced by the threat...
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May 7, 18 •
1527 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Eurozone business growth reduced once again in April, while US wage inflation misses the consensus
On Friday we have witnessed a slowdown on Eurozone economic growth, where services PMI figures were released and almost all missed the forecast. Composite PMIs for Germany, France and Spain all fell from March readings while France’s held steady....