On Monday we have seen better than expected unemployment rate readings from the EU, where the figures came at 8.4%, as opposed to the expected 8.5%. The unemployment in the 19 countries of the euro zone remained steady in May, confronting the expectations of the economists of a worsening situation in the job market. The […]
On Friday we have witnessed vast ‘better than expected’ macro-economic news, mostly concentrating on the Eurozone, UK and the US. Namely, according to the euro bloc’s statistics agency – Eurostat, CPI rose 2.0% in June, which was higher than the 1.9% in May and in line with the forecasts. It is worth mentioning that the
On Thursday the European leaders have gathered in Brussels for the two day summit in order to deal with topics around migration, trade, Brexit, defense and deeper euro zone integrations. From all the topics, the migration issue is seen as the most complex, as the Italian new government interests, anti-establishment oriented, clash with the stance
On Wednesday, Bank of England stated that Britain’s banks could deal with a hard Brexit expected next March if needed. As Reuters reported, the Financial Policy Committee of Bank of England stated that the Britain banks have sufficient capital to face any turbulence in the markets once Great Britain leaves the European Union without a
According to Reuters, EU is not planning to ease the default market access for foreign financial firms for Great Britain once the country is out of the EU, and an EU official also commented that the banks and insurers in the financial district in London may face a restricted cross-border trade with the European block.
Post Brexit UK to face no ease on access to the EU financial markets Read More »
During their talks in Beijing, the EU officials and the Chinese officials have agreed on the need to oppose the unilateralism and protectionism on a bilateral investment agreement. However, according to Reuters, the top EU officials have urged from Beijing to enable a more fair market access mostly by reducing the overcapacity in steel and
EU and China collaborate in fighting protectionism; US reacts on ‘Made in China 2025’ Read More »
On Friday the readings from the Euros zone portrayed a picture of better state of the overall economy, with a decent performance in the 2nd quarter, where the private sector business growth was better than expected in June. The two biggest economies of the euro zone, Germany and France shod a faster overall expansion in
On Thursday the investors were closely monitoring the interest rate decisions of Swiss National Bank and Bank of England, where both have their interest rates unchanged. The SNB left the benchmark of interest rates at record-low levels, while signaling that it is prepared to take any further action required to weaken the franc. The interest
SNB and BoE keep rates on hold; Philly Fed manufacturing index fell in June Read More »
According to Reuters, ECB is portraying optimism, while there are actually growing concerns between the officials regarding the looming trade war that could derail the euro zone’s recovery and place additional complications on the exit from the current monetary policy. Just a few days before, ECB President Draghi has announced an upcoming end of the
On Tuesday, investors were mainly looking at the readings coming from the United States due to the lack of important macro-economic events, where the US home building rose in the previous month coming at 1.35 million, as opposed to the expected 1.31 million. However, the sentiment among the home builders have fallen in June to
