by Christopher Nye | Feb 22, 2019
The eurozone is having a dreadful year so far and figures released yesterday will do nothing to calm the nerves of those concerned about the economy. The PMI surveys from Markit showed that the eurozone’s manufacturing sector unexpectedly contracted in February,...
read more
by Christopher Nye | Feb 22, 2019
The latest public sector net borrowing figures showed that the budget surplus widened to a record £15.76 billion last month. The surplus is largely down to a sharp increase of income and capital gains tax receipts, which were up by 14%. The reading was much better...
read more
by Christopher Nye | Feb 22, 2019
There was some good news for Chancellor Philip Hammond yesterday, as figures released showed that UK public finances hit a record surplus in January. The latest public sector net borrowing figures showed that the budget surplus widened to £15.76 billion last month...
read more
by Christopher Nye | Feb 21, 2019
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 reading came in better than expected by rising to 56.2 in February from...
read more
by Christopher Nye | Feb 21, 2019
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 key market factors,...
read more
