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
In the overnight – early morning trading session focus centred mainly on the issues from China in relation to the yuan which the Chinese authorities, in the form of the central bank, appear determined to see devalued versus its major trading peers. As a consequence the renminbi took its biggest fall in over two years.
Many Asia-Pacific equities recovered overnight due to a US manufacturing report showing that factories are increasing production in the world’s biggest economy. Japanese and South Korean were the leading bourses in both nations with the Nikkei closing up 2.88%. A volatile week is on pace to conclude with five-day gains for most indices across the
UK retailers experience falling sales in January, cable falls to S1 then recovers Read More »
The markets have been dominated by the raft of PMIs published by Markit this morning and overnight. The Eurozone PMI composite index has continued its bullish end to 2013 with 52.7 registered for the month of January, which is still very close to the 30 month high. Despite this the markets in Europe have sold
In Switzerland the ZEW index fell by 7.7 points in the latest survey, whilst overnight the Australian bank Westpac published its latest findings suggesting that economic confidence is waning slightly by 0.46%. Britain’s unemployment rate has unexpectedly risen in the fourth quarter of last year, suggesting that the recent improvement in the labour market was
UK unemployment unexpectedly rises causing sterling to fall marginally Read More »
It’s a fairly busy high impact news event day today so we’ll get right on it. In the UK consumer price inflation has fallen below 2% at 1.9% but RPI (retail price inflation) is up to 2.9%. House prices in the UK are up 5.5% year on year with London at circa 12.3% per year
UK inflation falls as EU balance of payments surplus rises Read More »
Momentum from Wall Street on Friday and signs of credit growth in China caused Asian bourses to be in a bullish mood. This rise was despite the underwhelming gross domestic product data printed out of Japan, whose economic recovery failed to regain momentum as expected in the last three months of 2013, government data showed
Construction output in the UK has risen. According to the latest data available from the ONS output in the last quarter of 2013 rose by 0.2%. New work increased by 0.7%. Quarterly the increase in construction output rose by an impressive 3.4%. France has published its latest unemployment data this morning, it’s a flash estimate
