May 2018

As Italy heads towards another election with all the chances that the anti-establishment parties will gain more strength, the country’s future role in the euro region is threatened. According to Bloomberg, the country went into political mayhem on Saturday as President Sergio Mattarella rejected appointment of euro-sceptic finance minister who was put forward by the […]

Yesterday at the World Trade Organizations, arguments between the US and China representatives emerged. The dispute was caused mainly due to the claims of the US President Trump that China is stealing US ideas. As soon as there was a hope that the US and China ‘trade war’ was under control, the US comes out

Yesterday, the investors were closely monitoring the ECB Monetary Policy meeting for any signs of future change that may affect the markets. However, according to the April meeting, the banks are not rushing towards any change in their monetary stance as it is now, and the underlying strength of the economy remained broadly intact. As

Yesterday was not a good day for the EU economy, with the PMI reports from various euro-area countries came negative. The composite Purchasing Manager’s Index dropped to an eighteen month low in May. According to the HIS Markit report, the hiring and buildups of work have showed slower increase rates, while companies are being less

Just as it was reported that the US an China have placed the trade war ‘on hold’, comes the news from Russia and Japan, where both countries have warned that they could strike back on the US tariffs on steel and aluminium, and impose sanctions with the worth of around $1 billion (combined), as per

Yesterday, according to Reuters, China acclaimed a significant relief from the trade tension with the US over the past few months, where the government of China stating that the agreement is in the interest of both parties. Both China and the US have agreed that they would drop the threats as they are working on

On Friday, Canadian retail sales posted the highest gain in 5 months on auto sales. The numbers were up 0.6% during the month and according to Bloomberg, the sales in the auto sector jumped 3%, while the economists were expecting a 0.3% gain. However, excluding car sales the rest of the sector was down by

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 high-spending policies, it may set the stage for the next Eurozone crisis. As Italy has a

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 Department. Building permits fell 1.8%. According to Reuters, constraints imposed

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 Economic Research came with -8.2 points in May. To explain the numbers