On Friday the readings from the Euros zone portrayed a picture of better state of the overall economy, with a decent performance in the 2nd quarter, where the private sector business growth was better than expected in June. The two biggest economies of the euro zone, Germany and France shod a faster overall expansion in […]
On Thursday the investors were closely monitoring the interest rate decisions of Swiss National Bank and Bank of England, where both have their interest rates unchanged. The SNB left the benchmark of interest rates at record-low levels, while signaling that it is prepared to take any further action required to weaken the franc. The interest
SNB and BoE keep rates on hold; Philly Fed manufacturing index fell in June Read More »
According to Reuters, ECB is portraying optimism, while there are actually growing concerns between the officials regarding the looming trade war that could derail the euro zone’s recovery and place additional complications on the exit from the current monetary policy. Just a few days before, ECB President Draghi has announced an upcoming end of the
On Tuesday, investors were mainly looking at the readings coming from the United States due to the lack of important macro-economic events, where the US home building rose in the previous month coming at 1.35 million, as opposed to the expected 1.31 million. However, the sentiment among the home builders have fallen in June to
On Monday we have heard from the Governing Council member Mr. Vasiliauskas that the ECBs’ interest rate decision is possible around autumn next year. Last week, the European Central Bank stated that the expectations are for the key interest rates to stay unchanged at least through the summer of 2019, which puzzled the investors and
On Thursday, investors were closely monitoring the European Central Bank’s decision regarding the interest rates, and as expected, they remained on hold, however bond-purchasing stimulus program wind up can be expected towards the end of the year. It is anticipated that the ECB will end the asset purchase program in December this year, and has
On Monday we have witnessed a surprising drop in the UK’s manufacturing output that fell 1.4% in April, with the consensus expecting a gain of 0.3%. In addition, the industrial production fell by 0.8% in April, whereas in March we have seen a gain of 0.1%. The unexpected drop had the fastest pace since 2012
Unexpected drop in UK factory output and economic growth continues to remain weak Read More »
The G7 meetings started on Friday the 8th of June with a note from the US President Trump regarding the threat of trade war. As per Bloomberg, Trump has posted several tweets, stating that he is looking forward for the talks and resolving the long time unfair trade deals of the G7 countries against the
On Thursday we have witnessed a fall of US jobless weekly claims, which suggest a further tightening in labor market conditions. The number of Americans that filed for unemployment benefits fell by 1,000 last week, which was more than expected. The numbers came at 222k, while the forecast was 223k. According to Reuters, the vigorous
US unemployment claims drop; Euro zone growth slowed amid trade war fears Read More »
Yesterday Mr. Peter Praet, chief economist of ECB has confirmed that the meeting to be held next week will be crucial to reach the decision on when to end the bond buying program. In addition, according to Bloomberg, the members are expecting a discussion that would lead towards a public announcement on when it is
