by Christopher Nye | Dec 24, 2018
Rare is the day when Donald Trump doesn’t do, say or Tweet something that reverberates around the world. So it was hardly surprising that on Friday, the former reality television star said that he would force a government shutdown that lasts for a ‘very long time’ if...
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by Christopher Nye | Dec 24, 2018
Durable goods orders for November were slightly disappointing at 0.8%, but this was some turnaround from the downwardly revised 4.3% fall in October. The markets had been expecting a figure of 1.6% so the release was both good and bad really. The final reading of the...
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by Christopher Nye | Dec 24, 2018
It was a relatively quiet day for the eurozone on Friday, but we did see the flash estimate of the eurozone’s consumer confidence reading. It had been expected to fall further from the previous month’s -3.9 to -4.3, but it actually dropped further to -6.2. It is the...
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by Christopher Nye | Dec 24, 2018
It was quite a busy day in the UK on Friday, with several economic data releases on the schedule. Public sector net borrowing figures showed that the UK’s budget deficit narrowed to £6.35 billion in November 2018 from £7.24 billion in the same month a year before. The...
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by Christopher Nye | Dec 21, 2018
On Wednesday night, the Federal Reserve did as expected and hiked interest rates by 25 basis points to 2.5%. The topic of greater interest was always going to be the accompanying press conference and whether there were any hints on future policy. Fed Chair Jerome...
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