America’s trade deficit with the rest of the world narrowed to $49.3 billion in November. That is down from $55.7 billion the previous month and much better than the $54 billion gap the markets had been expecting. It…
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There was yet more disappointing data from Germany yesterday. The eurozone’s largest economy released December’s factory orders, which showed an unexpected drop of 1.6% month-over-month. The release followed a downwardly revised 0.2% fall in November and was well…
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On a day when the European Council President saw fit to criticise Brexiters who could still see the UK crash out of the EU without a deal, the ratings agency S&P warned that the UK’s credit rating will…
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To say the start of 2019 has not been great for the eurozone would be a bit of an understatement. Italy, France and Germany are all struggling, with a raft of purchasing managers’ indices dropping an alarming amount.…
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After delaying his State of the Union address because of the longest government shutdown in history, yesterday Trump finally delivered it. In an 80-minute speech he confirmed he will meet with Kim Jong-un in Vietnam within weeks, decried…
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Heightened political uncertainty and continuing Brexit-related concerns have created an economic slump in Britain. Figures released yesterday showed that the UK’s dominant services sector has fallen to the brink of stagnation. In January, the Markit services PMI reading…
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After Monday’s disappointing construction data, attention turned to the services PMI reading for January. The latest figures showed a slump in the performance to 50.1 from 51.2 the previous month. It is the lowest reading for more than…
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January wasn’t a great year for the eurozone either, as private sector growth hit its weakest level since mid-2013. The latest figures came in at 51.0 last month and given that any reading above 50.0 shows growth, this…
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