by Christopher Nye | Jan 9, 2019
Yesterday, Halifax reported that UK house prices unexpectedly jumped by 2.2% in December, which was some rebound from the 1.2% drop in November. The reading lifted annual house price growth to 1.3% in the three months to December, up from 0.3% in November....
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by Christopher Nye | Jan 9, 2019
The Dow Jones industrial average started yesterday by jumping almost 300 points at the open. The moves came amid hopes of a trade war breakthrough, brought about by Trump’s Tweet that said talks with China were going very well. It was a busy day for the President on...
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by Christopher Nye | Jan 9, 2019
German industrial output surprisingly fell in November to stoke fears of a recession in the eurozone’s largest economy. Output shrank by 1.9% against an expectation of 0.3% growth and the downwardly revised figure of -0.8% the previous month won’t help matters either....
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by Christopher Nye | Jan 7, 2019
The headline release from the US yesterday, was the ISM non-manufacturing PMI reading for December. Last time around, the reading was exceptionally strong at 60.7 and was expected to dip to 59.0. However, it actually came in at 57.6 which is the weakest pace of...
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by Christopher Nye | Jan 7, 2019
It was a bit of a mixed start to the week for economic data from the eurozone, as the day began with some disappointing news from Germany. In November, factory orders fell by 1% month-on-month which was worse than the 0.4% decline the markets had been expecting. It is...
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