On Tuesday morning, at 8:30am GMT, the U.K. official statistics agency (the ONS) will reveal the latest CPI figure in a series of inflation data, which will also include the RPI and producer price input inflation. The forecast is for CPI (consumer price inflation) to rise to a five year high of 3% annualized, with […]
From various USA sources on Friday, we receive the latest: CPI data, advanced retail sales and the university of Michigan confidence survey. A trinity of highly valuable, yet distinctly different metrics that will shine a light into the various crevices of: growth, confidence and the performance, of various aspects of the USA economy. And with
As always, there’s plenty of reference to the upcoming NFP numbers in the financial mainstream press this week. But most analysts appear to be missing the elephant in the room; the incredibly low forecast of 80k to 90k, depending on whether Reuters, or Bloomberg economists are quoted. The good news is that this figure has
Will the NFP numbers released this Friday shock investors? Read More »
At one stage, during the New York trading session on Friday 6th January, the DJIA reached its highest point historically, reaching 19,999, just one point shy of the critical psyche ‘handle’ of 20,000. The UK’s FTSE 100 printed several record highs during the week ending the 6th January, ending the week at 7,210. Many economists
Let’s party like it’s 19,999. Read More »
The UK’s economic ability to withstand the impact of the Brexit referendum vote continues. The UK’s construction data for December, as measured by Markit and CIPS, came in at 54.2, well ahead of the previous print of 52.6 and exceeding analysts’ predictions. Net consumer credit rose by £1.9 billion for the last recorded month of
Despite the fact that London and USA markets were closed on Monday, European equities enjoyed solid gains on the strength of solid PMI manufacturing data, which came in ahead of the analysts’ polled predictions. Notwithstanding the encouraging individual national PMI readings, the overall Eurozone area manufacturing expanded in December, at the fastest rate recorded since
European equity markets power ahead on Monday, due to healthy manufacturing PMI numbers. Read More »
It’s now an anniversary calendar week since president elect Donald Trump won the presidential race. The wild gyrations we’ve witnessed on most markets since, as: analysts, market movers and traders took stock of the result and adjusted to the news, has receded as each day has passed. Markets now appear to be reverting to what
FXCC’s mid morning market report, after London’s opening. Read More »
In the overnight early morning session news was revealed that the BOJ decided to keep the monetary stimulus programme unaltered at an annual pace of 60 trillion to 70 trillion yen ($587-685 billion). Turning to Europe, whilst Germans are spending less ‘in the shops’, retail sales fell by 1.9% year on year, Germany’s unemployment count
This morning we received the latest data regarding the levels of Spanish unemployment and the news wasn’t good with the unemployment rate still remaining stubbornly and alarmingly high at 25.9%. With just over one in four adults out of work in Spain and close on 60% youth unemployment, it’s difficult to imagine a scenario of
UK GDP rises by 0.8% in the last quarter and by 3.1% annually Read More »
Analysts had expected a circa 13% rise in retail sales in March, due to many consumers bringing forward their purchases in order to avoid the hike in sales tax that the Japanese government introduced from April. However, despite the rush sales still fell short of analysts’ expectations, coming in at 11% up versus predictions of
