On Wednesday we saw positive news came from the United States with producer prices increasing by 0.2% in the previous month, which was in line with the expectations. It has offered an offset to a small decline in prices for goods. In addition, the core PPI rose 0.4% in September which is the highest increase […]
US producer prices recover in September; UK economy rebounded according to ONS Read More »
After Germany and Austria, the global economic growth forecast has been revised, and the forecast is not all sunny. Yesterday, the IMF had announced that it has cut its world economic growth forecast to 3.7% in 2018 and 2019, which is 0.2% down from its previous forecast given in June this year of 3.9%. The
Global economic growth forecast cut by the IMF Read More »
On Monday Sentix investor confidence had shown a further decline in investor morale, mostly due to the concerns regarding Italy’s fiscal policies and the tighter inquiry regarding car industry compliance with the emission rules. The Sentix index fell to 11.4 from 12 points in the previous month. The managing director of Sentix, Manfred Heubner said
Euro zone investor morale fall deepens in October Read More »
On Friday the most anticipated economic news came with a disappointment, where the September nonfarm payrolls rose 134k after a gain of 270k in August, while the expected reading was 185k. The average hourly earnings rose 2.8% from 2017 that has matched the projections, whereas the unemployment rate dropped more than expected, coming at 3.7%,
US Payrolls and wages disappoint, while jobless rate fell to a 48-year low Read More »
In a rather quiet day regarding the economic events, investors were mainly monitoring the unemployment claims coming from the US. The reading came positive, with the initial unemployment claims dropping by 8k, coming at a seasonally adjusted 207k for September, marking a near to 49-year low. The labor market is currently viewed as being almost
US unemployment claims near 49 year low; German private investment faces a slow down Read More »
The financial markets are expecting the US central bank to raise the interest rates in December, and Fed policymaker, Charles Evans agrees with this expectation. Yesterday he had stated in his interview with Bloomberg that is feels comfortable with the December rate hike. The US economy proved its’ strength and having the country’s inflation close
Is another Fed rate hike on the horizon? Read More »
On Tuesday, the Central Bank of Australia secured the market expectancy and held the rates low for the 26th month, amidst the tighter credit conditions, inflation and wages growth. The RBA held the rates at all-time low of 1.50% and according to Reuters, Reserve Bank of Australia Governor, Philip Lowe did acknowledge tighter credit conditions,
On Monday we have seen a slowdown in the US factory activity after more than fourteen year high in September, with new orders growth retreating. However, as the bottleneck in supply seems to be easing, we can expect a steady route in the manufacturing expansion. In addition, data has shown yesterday that there was a
Later on today, all eyes will be on the Federal Funds rate and whether the Federal Reserve will raise interest rates. According to Bloomberg, in their survey, the economists believe strongly that there will be another rate hike and we will see a quarterly increase of 25 basis point all through June next year. In
On a rather quiet trading Monday, all eyes were on the German Ifo business climate, where the business morale showed a bit of improvement coming at 103.7, while the expected consensus was 103.2. According to Reuters, the business morale was supported by consumer spending and construction, leaving Germany on track in September for further growth,
