China posted encouraging economic calendar data on Thursday morning; their manufacturing PMI came in at 51.7, marginally beating the forecast of a drop to 51.3, from the 51.4 reading posted for July. Whilst only moderately above the 50 figure, which divides contraction from expansion, the figure delivered optimism that the Chinese economy has not discovered […]
Australia’s GDP and the RBA’s interest rate decision will be carefully monitored this week, as will the Swiss GDP number. Various PMIs for: Europe, the Eurozone, Japan, China and the USA will provide leading indicators of where many sectors are headed. The bank of Canada’s interest rate decision and the unemployment rate in the country
Friday September 1st witnesses the latest report from the BLS (Bureau Of Labour Statistics) concerning the NFP data (non Farm payroll). For the uninitiated amongst us, this data release, generally published on the last Friday of the month, reveals how many jobs the USA economy has officially created during the month in which the report
Non Farm Payrolls; is the USA’s recent positive employment data likely to continue? Read More »
Despite the tropical storm Harvey making landfall for the second time in as many days and the clean up cost now being calculated at $200b by some estimators, the USA economy was delivered some good news on Wednesday, in the form of the GDP data coming in at 3% annualised for Q2, ahead of the
As the USA presidential administration battled with the chaos in Houston and Louisiana, caused by tropical storm Harvey, the North Korean presidential administration appeared to take advantage of the USA’s attention drift, by firing long range missiles over Japanese air space. Despite the projectiles dropping harmlessly into Japan’s territorial waters, the fact that the potential
As the tropical storm named Harvey continued to batter the USA’s fourth biggest city of Houston, investors and analysts began to survey where the damage, in terms of the financial cost, would hit hardest. Insurance companies’ valuations were naturally heavily hit on the SPX and DJIA index, as the initial cost of the catastrophe is
At the Jackson Hole meeting on Friday, the leaders of both The Fed and the ECB issued very different proclamations with regards to their central banks’ current positions and future guidance, which caused their respective currencies to move in polar opposite directions. Despite a previous and thinly veiled commitment to begin “unwinding” the Fed’s $4.5
The U.K. stats agency the ONS, delivered data which concerned both investors and analysts during Thursday’s trading sessions; GDP Q2 growth came in as expected at 0.3%, keeping annual growth on target for 1.7%. However, based on the current trajectory, many analysts fear the U.K. will struggle to deliver growth over 1% in 2017, many
It’s a busy week for high impact, economic calendar events, with the main focus on the USA. The week ends with the NFP data. A fall in the job creation numbers is expected, as the USA now begins to reach what’s being (theoretically) termed “full employment”; the unemployment rate fell back to its sixteen year
USA equities fell for the first time in three days as a consequence of Trump’s threat to shut down the USA govt if he doesn’t get funding to build his infamous “Mexico wall”. A domino effect then took shape, as analysts and investors quickly moved on to doubt his capacity to deal with the looming
