Majority of the investors had their eyes on the US ISM non-manufacturing PMI, which did not disappoint and the results came out better that expected with the non-manufacturing purchasing index rising to 58.6 in May, from 56.8 in the previous month. In other words, the reading above 50 for the index indicates an expansion in […]
On Monday, we have witnessed again a detrition of the investor morale caused by the Italian anti-establishment government taking over, as well as the trade war with the US. The Euro zone Sentix investor confidence was expected to come at 18.6 reading, whereas the actual result was 9.3, far away from the prediction. According to
On Friday we have seen various macroeconomic news releases, where the UK manufacturing PMI and the US NFP brought surprisingly better than expected readings. Starting with the news from the Eurozone, the factory growth evidently slowed down to a 15 month low in May, which is assumed to be caused by extra holidays during the
As Italy heads towards another election with all the chances that the anti-establishment parties will gain more strength, the country’s future role in the euro region is threatened. According to Bloomberg, the country went into political mayhem on Saturday as President Sergio Mattarella rejected appointment of euro-sceptic finance minister who was put forward by the
Political uncertainty in Italy causes investors’ concerns Read More »
Yesterday at the World Trade Organizations, arguments between the US and China representatives emerged. The dispute was caused mainly due to the claims of the US President Trump that China is stealing US ideas. As soon as there was a hope that the US and China ‘trade war’ was under control, the US comes out
Sparks seen at WTO between US and China Read More »
Yesterday, the investors were closely monitoring the ECB Monetary Policy meeting for any signs of future change that may affect the markets. However, according to the April meeting, the banks are not rushing towards any change in their monetary stance as it is now, and the underlying strength of the economy remained broadly intact. As
ECB in no hurry to change its monetary policy; US unemployment claims rise unexpectedly Read More »
Yesterday was not a good day for the EU economy, with the PMI reports from various euro-area countries came negative. The composite Purchasing Manager’s Index dropped to an eighteen month low in May. According to the HIS Markit report, the hiring and buildups of work have showed slower increase rates, while companies are being less
Euro zone growth slowing down according to the recent PMI reports Read More »
Just as it was reported that the US an China have placed the trade war ‘on hold’, comes the news from Russia and Japan, where both countries have warned that they could strike back on the US tariffs on steel and aluminium, and impose sanctions with the worth of around $1 billion (combined), as per
Trade war issue still a hot topic for Russia, Japan and Europe Read More »
Yesterday, according to Reuters, China acclaimed a significant relief from the trade tension with the US over the past few months, where the government of China stating that the agreement is in the interest of both parties. Both China and the US have agreed that they would drop the threats as they are working on
U.S – China trade war placed ‘on hold’ Read More »
On Friday, Canadian retail sales posted the highest gain in 5 months on auto sales. The numbers were up 0.6% during the month and according to Bloomberg, the sales in the auto sector jumped 3%, while the economists were expecting a 0.3% gain. However, excluding car sales the rest of the sector was down by
