On Monday we have witnessed a surprising drop in the UK’s manufacturing output that fell 1.4% in April, with the consensus expecting a gain of 0.3%. In addition, the industrial production fell by 0.8% in April, whereas in March we have seen a gain of 0.1%. The unexpected drop had the fastest pace since 2012 […]
Unexpected drop in UK factory output and economic growth continues to remain weak Read More »
The G7 meetings started on Friday the 8th of June with a note from the US President Trump regarding the threat of trade war. As per Bloomberg, Trump has posted several tweets, stating that he is looking forward for the talks and resolving the long time unfair trade deals of the G7 countries against the
On Thursday we have witnessed a fall of US jobless weekly claims, which suggest a further tightening in labor market conditions. The number of Americans that filed for unemployment benefits fell by 1,000 last week, which was more than expected. The numbers came at 222k, while the forecast was 223k. According to Reuters, the vigorous
US unemployment claims drop; Euro zone growth slowed amid trade war fears Read More »
Yesterday Mr. Peter Praet, chief economist of ECB has confirmed that the meeting to be held next week will be crucial to reach the decision on when to end the bond buying program. In addition, according to Bloomberg, the members are expecting a discussion that would lead towards a public announcement on when it is
Majority of the investors had their eyes on the US ISM non-manufacturing PMI, which did not disappoint and the results came out better that expected with the non-manufacturing purchasing index rising to 58.6 in May, from 56.8 in the previous month. In other words, the reading above 50 for the index indicates an expansion in
On Monday, we have witnessed again a detrition of the investor morale caused by the Italian anti-establishment government taking over, as well as the trade war with the US. The Euro zone Sentix investor confidence was expected to come at 18.6 reading, whereas the actual result was 9.3, far away from the prediction. According to
On Friday we have seen various macroeconomic news releases, where the UK manufacturing PMI and the US NFP brought surprisingly better than expected readings. Starting with the news from the Eurozone, the factory growth evidently slowed down to a 15 month low in May, which is assumed to be caused by extra holidays during the
