Shocking news came from the UK on Friday when the Prime Minister of the country warned the EU leaders that they are better to come up with an alternate Brexit proposal if they are looking to see success in further talks. As Reuters is reporting Theresa May told the reporters in Downing Street that she […]
UK Prime Minister told the EU come up with alternative Brexit proposals Read More »
On Thursday, the Organization for Economic Co-operation and Development (OECD) had announced a revised global economic growth outlook, stating that the world economy is on the course for growth of 3.7% this year and in 2019. However, in May this year the expected outlook was 3.8% in 2018 and 3.9% in the following year. The
OECD sees weaker economic outlook than previously expected Read More »
Yesterday the investors were keeping a close look at the news coming from Japan, UK and the US, where the first release came from BOJ with the decision to keep the monetary stimulus program unchanged. At the end of the two day meeting, the central bank maintained the 10-year bond yield target, guidance on interest
On Tuesday the breaking news was evolving around the statement coming from Trumps’ administration, where 10% tariffs on approximately $200 billion in Chinese goods is expected to be imposed in the coming week, while the rate could be doubled in 2019. China reacted promptly to the new threat and in the view of the Chinese
China expected to retaliate against new US tariffs Read More »
On Thursday all eyes were on the interest rate decisions coming from the UK and the EU, where no changes have been made. The decision to keep the interest rates steady at 0.75% by the BoE was mainly influenced by the Brexit situation. Bank of England indicated that any further rate hikes will be made
Up to now, London has been the global financial center, however it seems that New York is gaining more on popularity recently. The number one reason for the possible overtake is of course Brexit, and according to Reuters, the decision of Great Britain to exit the EU is prompting the banks to move jobs from
London or New York, which city will be the top financial center? Read More »
On Tuesday we have seen important macro-economic news releases from the UK, where the workers’ pay (excluding bonuses) has been better than expected with the average earnings index for the 3 months to July came at 2.6%, while the forecast was 2.4%. The figures have been supported by the hardship that businesses are facing in
On Monday, the spokesman of the British Prime Minister has expressed her hopes that the parliament will support her Brexit plan as it is the only plan that could possibly avoid a hard border with Northern Ireland and had conveyed the will of the British people. However, according to Reuters, a former junior minister had
Will the British Parliament support Theresa May’s Brexit plan? Read More »
On Friday the August employment rate showed better than expected readings from non-farm employment change that came at 201k, as opposed to the expected 191k. The data was higher than the consensus and better than the estimate provided last Thursday by ADP report, indicating 163k positions. However, the jobless rate came with a surprise, holding
US job creation beat the consensus, but jobless rate held steady in August Read More »
Yesterday investors were eager to find out the most recent numbers regarding the unemployment claims coming from the United States of America, and the results were not disappointing. As per the readings, the number of US citizens that have applied for the unemployment benefits is at its lowest level since December 1969, where the claims
