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,
Initially Britain has stated that it would drop the EU single market and customs union after Brexit, however this decision of Prime Minister Theresa May has been challenged by the House of Lords last week, and the lower chamber is expected to hold a follow-up vote in May, according to Reuters. Officials in Brussels have
Yesterday we have seen a lower rise in Australia’s consumer prices, compared to the last quarter, indicating that the central bank may keep the interest rate son hold. According to Craig James from Commonwealth Bank of Australia’s securities unit, it seems that the Reserve Bank will not be interfering with the interest rates soon as
Last year, the Eurozone was one of the best performing major economies, which was an unexpected occurrence. However, after peaking in January, the fears around the US-China trade war have influenced the growth that slowed down in the following months. Yesterday we have seen the release of euro zone, Germany’s and France’s PMI (an indicator
