Morning Roll Call

On Friday, the most anticipated macro-economic news release were the non-farm employment change and the unemployment rate. The NFP rose by 213k in the previous month, while the consensus estimate was creation of 195k jobs. The jobless rate came with an unexpected result where it rose to 4.0% from 3.8%, thus missed the expectation that […]

The date is set on when the British lawmakers will debate the proposed legislation on post-Brexit customs arrangements and trade, where Prime Minister Theresa May and pro-European Union lawmakers may once again come to the cross-roads in their opinions. The debates will be an opportunity for Britain to remain in the customs union with the

Yesterday services PMI releases came from Europe and the United Kingdom, where the readings were better than expected for both. In the UK, the service sector enhanced at the fastest pace since October 2017, where the services purchasing manager’s index rose to 55.1 in June from 54.0 in the month before, as opposed to the

From the important macro-economic news yesterday, investors were closely monitoring the UK construction PMI as a leading indicator of economic health and good news came with the actual reading better than expected, coming at 53.1, while the expectancy was 52.6. The UK construction sector has reached a 7 month high, where the HIS Markit emphasized

On Monday we have seen better than expected unemployment rate readings from the EU, where the figures came at 8.4%, as opposed to the expected 8.5%. The unemployment in the 19 countries of the euro zone remained steady in May, confronting the expectations of the economists of a worsening situation in the job market. The

On Friday we have witnessed vast ‘better than expected’ macro-economic news, mostly concentrating on the Eurozone, UK and the US. Namely, according to the euro bloc’s statistics agency – Eurostat, CPI rose 2.0% in June, which was higher than the 1.9% in May and in line with the forecasts. It is worth mentioning that the

On Thursday the European leaders have gathered in Brussels for the two day summit in order to deal with topics around migration, trade, Brexit, defense and deeper euro zone integrations. From all the topics, the migration issue is seen as the most complex, as the Italian new government interests, anti-establishment oriented, clash with the stance

On Wednesday, Bank of England stated that Britain’s banks could deal with a hard Brexit expected next March if needed. As Reuters reported, the Financial Policy Committee of Bank of England stated that the Britain banks have sufficient capital to face any turbulence in the markets once Great Britain leaves the European Union without a

According to Reuters, EU is not planning to ease the default market access for foreign financial firms for Great Britain once the country is out of the EU, and an EU official also commented that the banks and insurers in the financial district in London may face a restricted cross-border trade with the European block.

During their talks in Beijing, the EU officials and the Chinese officials have agreed on the need to oppose the unilateralism and protectionism on a bilateral investment agreement. However, according to Reuters, the top EU officials have urged from Beijing to enable a more fair market access mostly by reducing the overcapacity in steel and