According to the data release on Tuesday, UK economy grew 0.3% month-on-month in May, providing a recovery from a slowdown we have witnessed at the beginning of the year, with just 0.2% growth in the first three months. The positive numbers are expected to keep BoE on track regarding the interest rate hike expected in […]
On Monday we have seen a rather quiet day regarding the macro-economic news, with the EU investor morale in the center of attention. The EU Sentix investor confidence rose in July, showing a higher investor morale and ending a 5 month decline. However, according to Reuters, Sentix research group sees the threat of escalating trade
On Friday, the most anticipated macro-economic news release were the non-farm employment change and the unemployment rate. The NFP rose by 213k in the previous month, while the consensus estimate was creation of 195k jobs. The jobless rate came with an unexpected result where it rose to 4.0% from 3.8%, thus missed the expectation that
US unemployment rate rose, while job creation beats consensus in June Read More »
The date is set on when the British lawmakers will debate the proposed legislation on post-Brexit customs arrangements and trade, where Prime Minister Theresa May and pro-European Union lawmakers may once again come to the cross-roads in their opinions. The debates will be an opportunity for Britain to remain in the customs union with the
Yesterday services PMI releases came from Europe and the United Kingdom, where the readings were better than expected for both. In the UK, the service sector enhanced at the fastest pace since October 2017, where the services purchasing manager’s index rose to 55.1 in June from 54.0 in the month before, as opposed to the
UK’s and Europe’s services PMI picked up in June Read More »
From the important macro-economic news yesterday, investors were closely monitoring the UK construction PMI as a leading indicator of economic health and good news came with the actual reading better than expected, coming at 53.1, while the expectancy was 52.6. The UK construction sector has reached a 7 month high, where the HIS Markit emphasized
On Monday we have seen better than expected unemployment rate readings from the EU, where the figures came at 8.4%, as opposed to the expected 8.5%. The unemployment in the 19 countries of the euro zone remained steady in May, confronting the expectations of the economists of a worsening situation in the job market. The
On Friday we have witnessed vast ‘better than expected’ macro-economic news, mostly concentrating on the Eurozone, UK and the US. Namely, according to the euro bloc’s statistics agency – Eurostat, CPI rose 2.0% in June, which was higher than the 1.9% in May and in line with the forecasts. It is worth mentioning that the
