Maria Iacob

PMIs have taken centre stage in the morning’s scheduled high impact news events. Both Italy, Spain, the UK and wider Europe published prints, courtesy of Markit Economics, suggesting that the recent manufacturing improvement is continuing albeit at a very modest pace of growth. Overnight the PMI for China’s manufacturing was published revealing a deterioration in […]

Disappointing economic data from Japan and a further decline in China’s currency had Asian equities experiencing a mixed session overnight/early morning on Friday. The renminbi, which is tightly guided by the Chinese central bank, fell by up to 0.90 per cent against the US dollar. This is now the currency’s ninth day of declines. From

Stocks in Australia and the Aussie as a currency versus its major peers fell sharply as a report showed business investment in Australia has collapsed to a multiyear low. Fears that the extremely one dimensional miraculous economic activity in Australia could be reaching an organic end; carving out chunks of your land, to then filter

In a relatively quiet afternoon session for high impact news and policy decisions the main news concerning the USA was in relation to the increase in new home sales which unexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the industry even in the midst of an

Asian equities came under pressure in the overnight/early morning session as investors still faced up to uncertainty over Chinese policymakers’ intentions regarding the country’s currency, this followed a subdued session on Wall Street on Tuesday. China’s tightly controlled currency, the renminbi, has now fallen for the seventh consecutive trading day. The Chinese currency fell by