On Friday, President Trump has added yet another country to his list of increased steel and aluminum tariffs, and this time it is Turkey. As per Trump’s tweet last Friday, he has announced that Turkish-American relations are ‘not good at this time’ and has doubled the tariffs, thus the tariff on steel will rise 5o […]
In its regular economic bulletin, the ECB has stated on Thursday that there is an increased risk towards global growth due to the threat coming from the higher US tariffs towards Europe, as well as the possible retaliation of the affected countries. This view is in line with the policy statement published in July. Furthermore,
European Central Bank bulletin reveals increased risks to global growth Read More »
UK Prime Minister, Theresa May, is preparing for a meeting with her cabinet ministers next month in order to discuss the preparation of United Kingdom in case of a no-deal Brexit according to Bloomberg. As the markets have increased their bets on Britain leaving the EU without a deal, the pound has hit the 2018
Britain preparing for the possibility of ‘no-deal’ Brexit Read More »
Despite the appeals from the Washington’s allies, the United States President Donald Trump has kept his intentions and had imposed new sanctions to Iran, as Reuters had reported. Furthermore, he has promised that companies that are doing business with Iran will be banned from the United States. The cause of the move was the Iranian
As CNN has reported yesterday, it seems that the Great Britain has high chances to exit the European Union without a deal. In addition, the UK’s international trade secretary, Liam Fox, believes that there is 60-40 chance that UK would not reach a deal on Brexit and blames the stubbornness of the European Commission. His
Growing fears over ‘no-deal’ Brexit Read More »
Last Friday the most anticipated macro-economic news release shown that the US job growth has slowed down in the previous month. The NFP reading came with 157,000 jobs created, while the expectancy was 191,000 jobs. In addition, the private sector created a total of 170k jobs that was less than expected as well, since the
NFP missed the consensus in July, but the slowdown was not caused by trade tensions Read More »
Yesterday all eyes were on the BoE decision regarding the interest rates and as it was widely expected, the rates were raised on Thursday. The decision came despite the raising concern over Brexit and the Bank of England has signaled that there additional hikes will come at a gradual pace. The Monetary Policy Committee of
Bank of England raises interest rates with no rush for next hike Read More »
The widely popular topic of the United States trade war with various countries seems not to get exhausted, therefore just two days ago during Presidents’ Trump speech in Florida we have seen him trying to defend his trade policies. He has devoted a significant amount of time discussing the US and China tit-for-tat tariffs and
Yesterday the preliminary flash GDP for the euro zone had shown that the economic growth was on a slower pace than expected in the 2nd quarter, mostly caused by the fears over a trade war with the United States. According to Eurostat, the estimated GDP in the euro zone expanded 0.3% for the April to
Euro zone growth slowed down again by trade war fears Read More »
