On Monday the investors were keeping a close eye on the German annual inflation reading, where the results came as expected in July and remained above the ECB price stability target. The German consumer prices rose by 2.1% year-on-year basis, which was in line with the analysts’ expectations but above the European Central Bank target […]
Last Friday all eyes were on the advanced GDP reading from the US, where the results have shown that the United States economy had accelerated in the 2nd quarter, where the seasonally-adjusted annual rate of 4.1% in the period April-June was almost double the expansion we have seen in the first quarter of the year,
US economy grew at its fastest pace in almost 4 years Read More »
As a widely expected decision yesterday, the European Central Bank had decided to leave the interest rates on hold, which are to remain unchanged throughout summer of 2019. The aim of ECB is to end the bond purchase scheme by the end of 2018 due to the fact that inflation is rebounding, as well as
ECB kept the policy unchanged and stays on track towards ending the bond purchase scheme Read More »
As the Brexit date is approaching, British banks have been advised to draft a plan on how they are going to cope with the staffing and operations in the new basis to be opened in the European Union. According to Reuters, a shift in banking jobs in Britain is expected and may rise significantly from
Brexit influence on Banks and shifting jobs from Britain Read More »
On Tuesday the Euro zone flash services PMI showed that the new order inflows and reduced business expectation of future activity are signaling a lost momentum at the beginning of the 3rd quarter. The reading came at 54.4 as opposed to the forecasted 55.0, down from 54.9 in the previous month. However, according to Reuters,
On Friday Reuters had reported on the policy debate of China, as how to best cope with the slowing growth, where analysts have commended the Chinese authorities to boost fiscal stimulus during the rising risk of the trade conflict with the United States. Namely, what was requested is to adjust the fiscal policy and implement
Amongst the important macro-economic news releases yesterday, the first results came from Australia and had pleasantly surprised the economists, beating their expectations by surging more than triple in June, where 50,900 positions were added compared to the expected 16,7000. This was the highest monthly gain since November last year. The unemployment rate remained at 5.4%
On Wednesday, according to Reuters, Chinese foreign ministry has warned that the biggest confidence killer for the global economy is the US driven trade war and predicts that the whole world would at the end fight back if the United States continues being stubborn. As per the foreign ministry spokeswoman, Ms. Chunying, the US is
Escalated US led trade war is killing the world economy Read More »
On Thursday the investors were concentrating on the macro economic news releases mostly from Europe and the US, tracking the state of both economies. From the euro zone, positive news came regarding the May industrial production which rose by 1.3%, as opposed to the expected 1.2%, seen as a surprise due to the mixed economic
On Wednesday, French Central Bank Governor, Francois Villeroy de Galhau stated that the ECB may rise interest rates at the earliest through the summer of 2019, which had a slightly different wording than the previous ECB statement of unchanged rates through the summer. In addition, ECB President Mario Draghi has declined to associate the statement
ECB still hawkish on the timing of rate hike; EU leaders concerned over US NATO alliance Read More »
