Greece’s economy shrinks by 4.6% in the second quarter of 2013 Greek GDP has fallen by 4.6% in the second quarter, compared with the same period in 2012. The figure was significantly better than the 5% contraction predicted by the economists polled by Bloomberg and better than the 5.6% contraction experienced in the first quarter. […]
Between The Lines, morning roll call Read More »
Japan’s preliminary GDP figure disappoints, causing both yen values and the Nikkei to fall Japan’s economy grew at an annualised rate of 2.6% between April and June, falling some way short of the economists polled by Bloomberg forecast of 3.6% growth and 1.2% below the 3.8% growth achieved in the first quarter of 2013. The
Mind The Gap, a mid morning round up of London session activity before New York opens Read More »
Last week’s fundamental policy decisions and high impact news events, were mainly dominated by: the service and manufacturing PMIs published by Markit economics, press conferences by governors of many of the leading central banks, trade balances for countries such as Japan, China and the USA and a flurry of diffusion sentiment indices. The week’s
Trend analysis for the week beginning August 11th 2013 Read More »
China’s economic data exceeds expectations whilst Germany exports fall in June There were several high impact news events released in the overnight and early morning trading session that have positively affected market sentiment. We received the latest data courtesy of China’s General Administration of Customs, Australia’s unemployment rate and employment numbers and the statement from
Mind The Gap, mid morning London session update before the New York open Read More »
Bored of hearing the word “tapering”? Welcome to the words “forward guidance”… So the ‘rock star’ central bank governor, Mark Carney, gave his second press conference in his new appointment as Bank of England governor. And the waiting media, particularly the UK media, continues to behave as if they’re love struck teenagers watching One Direction
Between The Lines; morning roll call Read More »
Forward guidance, the Bank of England delivers its policy through Mark Carney It’s an interesting phenomena, “forward guidance”, the new verbal concept many central banks are currently using to describe their mid to long term policy. There are many descriptions for the concept that suit, but in layman’s terms it means; “we’re telling you in
Mind The Gap; London session update before New York’s bell Read More »
Despite the UK service sector survey hitting pre-recession highs it’s far too early to celebrate… We’re big fans of Markit Economics, however, we’re just a little concerned that the mainstream financial press are becoming a little over excited with each publication that Markit publishes. The key issue is that these diffusion surveys are just that
Between The Lines; morning roll call Read More »
UK services PMI rockets to 60.2 beating expectations of 57.4 As reported in our 'Between The Lines' section this morning the UK services PMI was a high impact news event that had the potential to affect market sentiment. The number was of particular relevance for 'cable' traders who witnessed a break out to the upside
Mind The Gap; mid morning London session update before the New York open Read More »
Australia cuts its base rate to 2.5%, UK house prices rise significantly A news event that didn’t rate as high impact, due to it being considered ‘secular’ to the UK economy and not having international reach, was the publication of UK house prices courtesy of the Halifax, one of the largest mortgage lenders in the
Mind The Gap; London trading session up date before New York opens Read More »
Despite the UK service sector survey hitting pre-recession highs it’s far too early to celebrate… We’re big fans of Markit Economics, however, we’re just a little concerned that the mainstream financial press are becoming a little over excited with each publication that Markit publishes. The key issue is that these diffusion surveys are just
Between The Lines; morning roll call Read More »
