The economic data schedule was dominated by releases from the UK and US yesterday, but the euro still found itself floundering once more as investor confidence slumped.
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New car registrations fell 2.9% year-on-year in October, with just 153,599 vehicles registered last month. That follows a 20.5% plunge in September and is of some concern for obvious reasons.
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The headline release on Friday was October’s non-farm payrolls from the US. They increased by a whopping 250,000 following a downwardly revised 118,000 in September and far better than the 190,000 the markets had been expecting.
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Last time around, construction PMI in the UK dropped to a six-month low of 52.1. The markets were expecting it to fall further in October to 52.0, but the reading actually came in at 53.2.
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The headlines were understandably dominated by the impressive US economic data releases, but manufacturing PMI in Germany and the eurozone was released. In October, Germany manufacturing PMI dropped to 52.5 from 53.7 the previous month and just below…
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The US economy is certainly in a period of rude health at present and on Friday, we saw further evidence of this. Non-farm payrolls showed that a whopping 250,000 jobs were added in October – a significant leap…
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The pipe bomb scares which you have no doubt read about this week continued yesterday, with Joe Biden and Robert De Niro the latest intended recipients. As it stands, every person who has been sent a pipe bomb…
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Mario Draghi used his ECB press conference to warn of financial unease in the event of a no-deal Brexit. One of the most striking points he made concerned the fact that businesses will have to start rolling out…
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