UK Services Index Reaches 60.5, The Fastest Growth Rate In Six Years Similar to many developed economies the UK’s economy is dominated by the service sector which is responsible for up to 75% of the country’s economy and is therefore the biggest contributor to the nation’s output. Service industries, particularly banking, insurance, and business services, […]
USA manufacturing expanded at a faster rate than the economists polled had predicted, activity in the manufacturing sector expanded in August for the third consecutive month, and the overall economy grew for the 51st consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business. The PMI registered 55.7 percent,
What Investors Can Learn About Football Transfers And Why It’s Hard To Feel Sorry For Hedge Funds Who’ve Dropped The Ball On Nokia On Monday evening there was an incredible rush in the European football transfer market. Some of us fans were left crestfallen as our only world class player left our boyhood club for
UK Posts More Optimistic Data; UK Construction Rises At Sharpest Level For Six Years In the overnight/early morning Asian-Australasian session the announcement that the RBA base rate was kept at 2.5% was in line with market expectations. The accompanying narrative from the RBA’s governor was bullish the Australian economy. The main conclusion being that the
Mind The Gap; European Session Update Pre New York open Read More »
Whilst USA markets were closed on Monday (owing to a bank holiday) the telecoms sector was alight with news that Vodafone sold its shareholding in Verizon. The figure was $85bn, a huge figure for the shareholding. But put into perspective by the timely reminder that this sum is only equivalent to one month of the
Danske Bank ‘Calls Off’ European Debt Crisis Due To Positive PMIs Whilst Elsewhere Caution Is Urged… The extremely healthy manufacturing PMIs, published by Markit Economics on the morning of Monday September 2nd, provided a massive boost to European indices once the news eventually reached investors. Other than France every European country measured by Markit registered
The European manufacturing recovery continues in August by reaching a 26 month high… Markit economics has published several European manufacturing PMIs this morning, many of which have generated positive market sentiment after reaching recent highs. When analysing the major European economies only France failed to rise to reach such levels. The UK delivered stunning figures
Mind The Gap; Mid Morning London Trading Session Update Read More »
Manufacturing and services PMI published courtesy of Markit Economics, the USA ‘Beige Book’ publication, the monthly NFP jobs numbers and the ECB press conference are set to dominate the week’s financial news. Combined with these high impact news events we’ll receive data on German manufacturing and the UK’s BoE Monetary Policy Committee, the MPC, will
Weekly Trend Analysis Week Beginning September 1st 2013 Read More »
