According to Reuters, Europe’s biggest economies took steps on Friday in order to protect their political and commercial interests in Iran. Their objective is to keep the nuclear deal with Iran live after the threat of the US imposing sanctions following their dismissal of the agreement. In addition, the US threatens with penalties to any […]
On Thursday all eyes were on the macroeconomic data coming from the UK, where the British industrial output hardly rose in March, just to confirm the gloomy 1st quarter for the UK’s economy. The data was released along with the construction industry figures and overseas trade, which did nothing to change the picture of the
On Tuesday, the newswires were dominated by the decision made by President Trump, to pull out from the Iran nuclear deal. The US President pulled out of the 2015 deal, which places limits on Iran’s nuclear program in exchange for compromise with the West. Namely, according to Bloomberg, Trump wants to force Iran into a
Trump withdrawn the Iran deal, markets reacted little to the news Read More »
The investors were closely monitoring the Fed Chair Powell speech yesterday regarding the gradual policy rate increases. As the US central bank’s chairman stated earlier yesterday, the Fed interest rate hikes may not pose a big risk after all on the global financial and emerging market economies, as many have thought. According to Reuters, the
According to Reuters, the investor morale in April has continued to deteriorate, making it the fourth month in a row. According to a survey presented on Monday, the morale is at its lowest since February 2017 and it has been greatly influenced by the threat coming from the US regarding the possible introduction of tariffs
On Friday we have witnessed a slowdown on Eurozone economic growth, where services PMI figures were released and almost all missed the forecast. Composite PMIs for Germany, France and Spain all fell from March readings while France’s held steady. According to Reuters, EU business growth has faded in April, however the picture remained relatively bright
After the disappointing end to last year, the Australia’s trade surplus came to a 10 month peak yesterday for the month of March. According to the Australian Bureau of Statistics, approvals for new house building has reached a 3 year high in March, with swift population growth supporting the construction requirements for the coming months.
It has been expected that the economic growth of the euro zone will be on the slower side in the first quarter, however according to Reuters, economists expect a stronger expansion this year. The GDP over the 19 countries of the EU has expanded by 0.4% in the first quarter as opposed to the last
The European trading time started with disappointing data from France, Spain and Germany, where the consumer spending, flash CPI and unemployment change have showed worse than expected results. The French economic growth slowed more than expected at the start of the year. According to INSEE statistics agency, the economy grew 0.3% in the first 3
Yesterday the investors were closely monitoring the moves of the ECB, which has left the interest rates on hold, as it was expected, and made no changes to its monetary policy. Mario Draghi and the ECB officials gave an indication that the Central Bank would take cautious moves towards winding up the asset purchase program,
