It’s easy this central bank governing thing isn’t it? Economy needs a turbo boost? Start the engines of the printers and create massive amount of liquidity to give the banks by purchasing their..ahem..’assets’ that they want out of. They’re then free to play more of the games that caused the system to nearly have a […]
The news this morning, that the UK’s economy has reached growth not seen since 2007, has got the UK’s financial news-writers very excited. The latest quarter’s growth came in just a tick below expectations at 0.7%, versus 0.8% previously. At 2.8% growth the figure is only marred by the fall in construction of 0.3% for
UK’s GDP rises to a six year high at 2.8% year on year Read More »
The trading landscape was dominated overnight and this morning by Japan’s shocking trade deficit which sent Asian shares into a death tailspin as investors and speculators once again questioned the wisdom of what’s become termed Abenomics. Devaluing yen dramatically has increased imports by twenty five percent, whilst exports have risen by fifteen percent in December
The UK governor of the Bank of England has reaffirmed his commitment over the past 24 hrs during various interviews, to keeping the UK’s base interest rate at a record low of 0.5% under his adjusted forward guidance programme. He felt the need to go public with a statement after the UK’s unemployment level fell
It was notable that when questioned earlier this year, as to what threats the global economy faces in 2014, the legendary FX trader/investor George Soros claimed that the real exponential threat to the global economy was China’s potentially slowing economy. Now given that many of the global central banks appear to have a handle on
A slowing Chinese economy may suggest that economic policy in China is falling short Read More »
The UK published its latest unemployment data this morning revealing that the rate has fallen to 7.1%. Despite this fall there were some disappointing stats contained therein as the participation rate has fallen to 72.1% of adults of working age in the workforce, whilst the claimant count fell by 24K, below the expectation of a
There’s much media focus on the world economic forum taking place in Davos Switzerland which begins Wednesday evening. The event has given many organizations the opportunity to publish their own findings with regards to the state of the global economy. Yesterday there was leaked information from the IMF declaring that global growth in 2014 would
Germanys ZEW index takes a surprise fall down to 61.7 Read More »
Germany’s economy and its banking sector featured significantly in the morning news items. Producer prices in German factories fell slightly by 0.1% on an annual basis compared to the same period last year. As to whether or not this print will begin to herald the beginnings of ‘deflation concern’ stories in the mainstream media, or
In the UK market commentators and analysts have become very excited with regards to the retail figures just published, which (on the face of if) look like a very healthy print. Cable immediately spiked to be currently up 0.54% on the day. However, closer inspection reveals that the retail figures may not be all they
In Japan machinery orders have hit a 5-year high, the news could bolster the country’s expansion. Orders of new machinery by businesses, considered a leading indicator of overall capital investment in Japan, rose to a five-year high in November 2013, rising 9.3 per cent to Y882.6bn. The year-on-year increase was the second in two months
