Jovana Pribic

Amongst the important macro-economic news releases yesterday, the first results came from Australia and had pleasantly surprised the economists, beating their expectations by surging more than triple in June, where 50,900 positions were added compared to the expected 16,7000. This was the highest monthly gain since November last year. The unemployment rate remained at 5.4% […]

On Wednesday, according to Reuters, Chinese foreign ministry has warned that the biggest confidence killer for the global economy is the US driven trade war and predicts that the whole world would at the end fight back if the United States continues being stubborn. As per the foreign ministry spokeswoman, Ms. Chunying, the US is

On Thursday the investors were concentrating on the macro economic news releases mostly from Europe and the US, tracking the state of both economies. From the euro zone, positive news came regarding the May industrial production which rose by 1.3%, as opposed to the expected 1.2%, seen as a surprise due to the mixed economic

On Wednesday, French Central Bank Governor, Francois Villeroy de Galhau stated that the ECB may rise interest rates at the earliest through the summer of 2019, which had a slightly different wording than the previous ECB statement of unchanged rates through the summer. In addition, ECB President Mario Draghi has declined to associate the statement

According to the data release on Tuesday, UK economy grew 0.3% month-on-month in May, providing a recovery from a slowdown we have witnessed at the beginning of the year, with just 0.2% growth in the first three months. The positive numbers are expected to keep BoE on track regarding the interest rate hike expected in

On Monday we have seen a rather quiet day regarding the macro-economic news, with the EU investor morale in the center of attention. The EU Sentix investor confidence rose in July, showing a higher investor morale and ending a 5 month decline. However, according to Reuters, Sentix research group sees the threat of escalating trade

On Friday, the most anticipated macro-economic news release were the non-farm employment change and the unemployment rate. The NFP rose by 213k in the previous month, while the consensus estimate was creation of 195k jobs. The jobless rate came with an unexpected result where it rose to 4.0% from 3.8%, thus missed the expectation that

The date is set on when the British lawmakers will debate the proposed legislation on post-Brexit customs arrangements and trade, where Prime Minister Theresa May and pro-European Union lawmakers may once again come to the cross-roads in their opinions. The debates will be an opportunity for Britain to remain in the customs union with the

Yesterday services PMI releases came from Europe and the United Kingdom, where the readings were better than expected for both. In the UK, the service sector enhanced at the fastest pace since October 2017, where the services purchasing manager’s index rose to 55.1 in June from 54.0 in the month before, as opposed to the

From the important macro-economic news yesterday, investors were closely monitoring the UK construction PMI as a leading indicator of economic health and good news came with the actual reading better than expected, coming at 53.1, while the expectancy was 52.6. The UK construction sector has reached a 7 month high, where the HIS Markit emphasized