by Christopher Nye | Oct 5, 2018
The only release of note from the eurozone yesterday was the construction PMI figure from Germany. In August, the figure came in at 51.5 but last month, the reading dropped to 50.2. A slowdown in the pace of housing and commercial activities contributed to the fall,...
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by Christopher Nye | Oct 5, 2018
August’s US factory orders were released yesterday and showed an increase of 2.3%. This was a significant about turn from the 0.8% decline we saw in the previous month and better than the 2.1% economists had expected. It is the strongest gain since September 2017 and...
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by Christopher Nye | Oct 4, 2018
The US stock market opened higher yesterday as optimism around the Italian budget row increased and filtered through. This helped drive the Dow Jones industrial average to its highest mark ever. It is fascinating to think how everything is interlinked; that Italy’s...
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by Christopher Nye | Oct 4, 2018
An apparent impasse was swept aside yesterday, when Italy’s Economy Minister Giovanni Tria confirmed that the Italian government plans to cut the budget deficit in 2020 and 2021 after letting it increase in 2019. The compromise has likely come about through pressure...
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by Christopher Nye | Oct 4, 2018
The Prime Minister spoke at the Conservative Party Conference yesterday and asked MPs to get behind her, saying that splits in the party could halt Brexit. It seems there will be some pennies left for councils, as May announced that she is removing the cap restricting...
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