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
On Wednesday we had a vast of important macro-economic releases, where the day started with the Australian GDP numbers, which have passed all the expectations where the economic growth was 0.9%, as opposed to the expected 0.7%. As Reuters have reported, the rapid population growth has increased the housing demand and infrastructure, as well as
On Tuesday, Reuters had published its poll conducted from August 29th to September 3rd on whether Grate Britain will leave the European Union in March 2019 with or without the deal. According to the results, the chances that the UK will leave without a deal are one in four. It is also to believe that
Deal or no-deal Brexit? That is the question Read More »
On Monday among the most important macro-economic news releases were the manufacturing PMI of Japan, UK and EU, as well as the retail sales figures coming from Australia. The morning started with disappointing news from Australia, where the retail sales dropped in July, having the weakest result since March this year. The forecasted percentage growth
Japan manufacturing PMI rises, while UK and Eurozone face a slowdown Read More »
