The European trading time started with disappointing data from France, Spain and Germany, where the consumer spending, flash CPI and unemployment change have showed worse than expected results. The French economic growth slowed more than expected at the start of the year. According to INSEE statistics agency, the economy grew 0.3% in the first 3 […]
Yesterday the investors were closely monitoring the moves of the ECB, which has left the interest rates on hold, as it was expected, and made no changes to its monetary policy. Mario Draghi and the ECB officials gave an indication that the Central Bank would take cautious moves towards winding up the asset purchase program,
Initially Britain has stated that it would drop the EU single market and customs union after Brexit, however this decision of Prime Minister Theresa May has been challenged by the House of Lords last week, and the lower chamber is expected to hold a follow-up vote in May, according to Reuters. Officials in Brussels have
Yesterday we have seen a lower rise in Australia’s consumer prices, compared to the last quarter, indicating that the central bank may keep the interest rate son hold. According to Craig James from Commonwealth Bank of Australia’s securities unit, it seems that the Reserve Bank will not be interfering with the interest rates soon as
Last year, the Eurozone was one of the best performing major economies, which was an unexpected occurrence. However, after peaking in January, the fears around the US-China trade war have influenced the growth that slowed down in the following months. Yesterday we have seen the release of euro zone, Germany’s and France’s PMI (an indicator
As soon as the investors through that next month BoE rate hike is a done deal, Governor Mike Carney hampered the deal unexpectedly. According to Bloomberg, Carney stated that he does not want to be too focused on the precise timing and is concentrating on the more general path, while Britain should prepare for a
BoE rate hike next month may not be a done deal; Trump slams OPEC over high oil prices Read More »
Yesterday we have witnessed some disappointing news from Australia, where the employment rose less than forecasted, causing the currency to dip. The employment was weaker than the consensus and Nomura estimates, with seasonally adjusted 4,900 persons in March, as opposed to the 20,300 forecasted. The unemployment rate was the same as the estimate, coming at
The Eurozone inflation came out yesterday, and it rose less than expected in March, making it a difficult task for ECB to bring the inflation to close to 2% target. In 2017, the inflation rate was 1.5%, while in February 2018 it was 1.1% and according to the latest reading, 1.3% in March 2018. Regarding
Yesterday, the day started with the Australia’s Reserve Bank Board Minutes, which contained few surprises. According to the Research Analyst of Westpac, Bill Evans, the comments regarding the labor market was a bit more reserved than what was observed in the previous minutes. Regarding the growth outlook, in the past the Bank has on record
Traders will be keeping a close eye on the geopolitics and the trade talks, as further developments will more than likely have a high impact on the markets. After the US President, Donald Trump had tweeted on Saturday, praising the US-led intervention in Syria as ‘perfectly executed’ and ‘missing accomplished’, Russia did not stand silent
