Later today we have the non farm payrolls, expected at 179k but arguably the more important series in the release is the average earnings data, expected at 0.3% month on month. Inflation has been subdued, despite unemployment at…
Read more
›
The euro's been a quiet currency over the last couple of days. ECB’s Couere reiterated this morning that interest rates are to remain low as long as necessary.
Read more
›
We have the services PMI today, expected at 50.7, only just in positive territory, so any shortfall will be negative in any and all senses. Sterling recovered well following the ‘flash crash’ and we find ourselves back in…
Read more
›
News that the US and China will hold high-level trade talks next week, as well as the fact that Democrats supported and successfully passed a bill aimed at funding the Government, calmed nerves yesterday. Trump has vowed to…
Read more
›
In a typical ‘Risk’move the dollar had a good day against almost all of the majors, except the Japanese Yen. Despite a meeting between Democrats and Republicans the Government remains in partial shutdown as President Trump continues to…
Read more
›
European PMI’s all painted a picture of the economy continuing to struggle. The euro sold off from the highs but then accelerated lower as news came out that the ECB had appointed administrators to Banca Carige.
Read more
›
We saw UK manufacturing PMIs hold up better than some European releases, coming in at 54.2 against expectations of 52.5. However a lot of the outperformance was explained by companies stockpiling ahead of Brexit, so there was little…
Read more
›
PMIs from across the world confirmed the slowdown in the global economy, and once again we saw extreme volatility in the US equity market as the Dow dropped 600 points, rallied back all the way before ultimately dropping…
Read more
›
