It was a mixed day for the US, as we saw initial jobless claims fall by a whopping 23,000 to 216,000 up to 16 February. The markets had been expecting a figure of 229,000. The Markit services PMI…
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The main release from the US yesterday was the latest FOMC meeting minutes. Having said that, there were no real surprises from the minutes, as they generally supported sentiments expressed in January. Fed officials are still closely monitoring…
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The only release of note from the eurozone yesterday was the flash consumer confidence reading for February. Last time around, the figure came in at a disappointing -7.9 and the markets had been expecting a very slight increase…
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(Former) Conservative MPs Anna Soubry, Sarah Wollaston and Heidi Allen resigned from the Tory party yesterday to join forces with the seven (former) Labour MPs in the newly formed Independent Group. All ten are refusing to hold by-elections…
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Just two days after seven MPs resigned from the Labour party, three Tory MPs followed suit to join the newly formed Independent Group. Anna Soubry, Sarah Wollaston and Heidi Allen all gave slightly different reasons for leaving the…
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With no major economic data releases on yesterday’s schedule, the stock markets understandably dominated headlines from across the pond. The S&P 500 lost 7.5 points at the opening bell, while the Dow Jones Industrial Average dipped by 44…
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Germany has been struggling so much of late that the eurozone’s largest economy must be thankful for small mercies. So it will be faintly pleasing that the latest Germany ZEW economic sentiment index reading beat expectations. In February,…
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Yet another carmaker announced British job cuts yesterday, with Honda set to close its Swindon plant in 2021. There is some disagreement on whether Brexit is to blame but, if it isn’t, long is the list of companies…
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