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Oct 3, 13 •
2244 Views •
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Comments Off on Markit Economics’ PMIs deliver mixed results this morning…
There has been a raft of publications from Markit Economics in this morning’s trading session, after the Chinese non manufacturing PMI was printed early in the overnight/early morning session coming in at a bullish 55.4. The European services PMI print...
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Oct 2, 13 •
2167 Views •
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Comments Off on USA Treasury uses its final extraordinary measures to avoid debt limit breach and default
The U.S.A has begun to use its final extraordinary measures in order to avoid breaching the nation’s debt limit, Treasury Secretary Jacob J. Lew said as he urged Congress to increase borrowing authority. By his calculations the USA will run out of...
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Oct 1, 13 •
2345 Views •
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Comments Off on Markets are calm despite the USA government shutdown
So far the partial shutdown of the USA government has failed to spook the markets with the majority of the leading European equity indices being up in early trading. However, much will depend on the length of the shutdown if it is to severely impact the...
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Sep 30, 13 •
2415 Views •
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Comments Off on The unthinkable may happen; USA govt looks odds on to shut down at midnight USA time on October 1st
In many ways it defies belief that a modern (supposed) democracy can reach a situation were its economy can be harmed due to the stubbornness of its politicians. The impasse regarding the debt ceiling and setting a new budget appears no closer as the govt....
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Sep 27, 13 •
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Comments Off on A Shutdown of the USA government could cut up to 1.4% off USA growth in the fourth quarter
One aspect readers may have noticed, regarding the stand off and potential shut down of the USA government, is the lack of estimates on the rise required to the debt ceiling. Some analysts suggest it will be as low as a trillion dollars, a huge sum when...
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Sep 26, 13 •
2295 Views •
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Comments Off on UK growth unexpectedly falls to 1.3% as USA debt fears continue to stalk markets
The UK GDP growth, previously estimated at 0.7% for the quarter, has been confirmed by the UK’s ONS in their bulletin this morning. However, the ONS has revised down its forecast for year-on-year growth. the UK’s recovery over the last year has...
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Sep 25, 13 •
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Comments Off on German consumer confidence hits six year high
German consumer confidence has hit its highest level since before the financial crisis began. The monthly GfK survey of German consumers found a “clear upward trend”, as Germany’s public appear more willing to spend then ever before....
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Sep 24, 13 •
2275 Views •
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Comments Off on USA Government Faces Shutdown Over Debt Ceiling
Although it feels like last year since we last visited this problem, it was in fact 2011 when the USA government was close to shut down as a consequence of the two main parties not reaching an agreement to raise the national debt ceiling. Many of us thought...
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Sep 23, 13 •
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Comments Off on German electorate returns Merkel to office, whilst Eurozone business activity is at its highest since June 2011
There were two notable observations regarding the German general election; firstly many are classing Chancellor Merkel’s comprehensive victory as a reward for her overall superb management of the European crisis, ensuring that domestically the German...
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Sep 20, 13 •
2458 Views •
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Comments Off on Rupee Dives As India Raises Base Interest Rate Whilst Germany Holds General Election This Weekend
Readers will have been aware that over recent months the rupee has come under intense pressure on the foreign exchange markets falling to record lows versus the dollar, whilst the dollar was also losing value versus its major currency peers. The Reserve Bank...
