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
As Italy heads towards another election with all the chances that the anti-establishment parties will gain more strength, the country’s future role in the euro region is threatened. According to Bloomberg, the country went into political mayhem on Saturday as President Sergio Mattarella rejected appointment of euro-sceptic finance minister who was put forward by the
Political uncertainty in Italy causes investors’ concerns Read More »
Yesterday at the World Trade Organizations, arguments between the US and China representatives emerged. The dispute was caused mainly due to the claims of the US President Trump that China is stealing US ideas. As soon as there was a hope that the US and China ‘trade war’ was under control, the US comes out
Sparks seen at WTO between US and China Read More »
Yesterday, the investors were closely monitoring the ECB Monetary Policy meeting for any signs of future change that may affect the markets. However, according to the April meeting, the banks are not rushing towards any change in their monetary stance as it is now, and the underlying strength of the economy remained broadly intact. As
ECB in no hurry to change its monetary policy; US unemployment claims rise unexpectedly Read More »
Yesterday was not a good day for the EU economy, with the PMI reports from various euro-area countries came negative. The composite Purchasing Manager’s Index dropped to an eighteen month low in May. According to the HIS Markit report, the hiring and buildups of work have showed slower increase rates, while companies are being less
Euro zone growth slowing down according to the recent PMI reports Read More »
