by Ryan Morrison | Apr 23, 2026
The German ZEW number was ugly enough yesterday, and today’s PMI data could make things look worse. The eurozone’s services sector is expected to slip below 50 for the first time since mid-2025, putting it back into contraction. That leaves the European...
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by Ryan Morrison | Apr 23, 2026
One of the more striking things in markets right now is that the dollar isn’t rallying. Oil is above $100, ships are being seized in a blockaded strait and the war shows no sign of ending, yet the dollar is going sideways. Part of the reason is the uncertainty...
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by Jonathan Cook | Apr 22, 2026
Headline UK inflation increased from 3% to 3.3% in March, the clearest evidence yet of the impact the Iran war is having on the British economy. Transport costs (including motor fuels) climbed at their fastest pace in over three years last month, which may be old news...
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by Jonathan Cook | Apr 22, 2026
Kevin Warsh appeared before a key congressional hearing on Tuesday hoping for a speedy approval by the Republican chambers. His proximity to the White House was very much under the spotlight, with many investors worried he may be swayed by the political wind. Current...
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by Jonathan Cook | Apr 22, 2026
As expected, the German ZEW economic sentiment index plunged in April, although it actually underperformed even those relatively gloomy projections. Consumers reported their lowest level of confidence since late 2022, which makes for an interesting backdrop to next...
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