Most of the action over the weekend has been for the US dollar, which was buoyed by positive economic data. Coming up today is JOLTs Job Openings and at least a quarter of the 12 members of the…
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On Friday, the US economic docket will include Core PCE prices, personal income and personal spending figures. Federal Reserve chair Jerome Powell is also to speak in San Francisco at the Macroeconomics and Monetary Policy Conference.
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European stocks closed even higher on Wednesday, extending their multi-decade highs amid a strong risk appetite in the US and rumours of a more flexible approach to monetary policy.
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British bank Halifax revealed yesterday that first-time buyers might be better off renting than buying in certain parts of the UK than buying due to high mortgage costs. The largest saving in renting-over-buying was found in the South…
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Currency movement remained minimal yesterday as the pound appeared to be struggling for direction. It seems investors on both sides of the Atlantic remain cautious ahead of comments from Federal Reserve officials on Friday.
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The pound to euro rate has settled down into a level around 0.5% lower than in the middle of this month and a fraction down on the start of the month. However, it remains close to 3% up…
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Consumers continue to be the glass half-empty voice over in the US. The Conference Board’s monthly survey found consumer confidence fell to its weakest level since November in March as expectations of the future outlook deteriorated.
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Eurozone growth stagnated in Q4 of 2023, but one of the only reasons it even reached zero was the strong performance of Southern European economies. Spain yesterday confirmed its economy had grown by 2% across 2023 and by…
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