Macroeconomic news
Latest Macroeconomic news
The German Dax touched a record high Monday following a strong industrial production news release from the Federal Statistics office. Output rose 2.6% on the month, the highest since July 2011.
Activity in the UK's construction shrank in September for the first time in over a year, according to the latest construction PMI survey. The surprise decline weighed on the British pound which lost further ground against the Us dollar.
German Gfk consumer confidence index edged lower for October on concerns over the future of personal fiances, despite confidence over the economy. European stocks were positive, led by banks and autos.
British pound is little changed following the strong retail sales data from the CBI Wednesday. The data confirm BOE suspicions that UK consumption is holding up, adding evidence to the view rates will rise soon.
British pound recovers ground Monday after losing half a cent following Theresa May's EU speech and a Moody's credit downgrade Friday.
British pound recovers ground Monday after losing half a cent following Theresa May's EU speech and a Moody's credit downgrade Friday.
The euro gained ground on upbeat preliminary PMI data Friday. Data bodes well for continuation of euro zone economic recovery.
The latest OECD economic outlook growth forecasts point to stronger global growth, but more work is required to make it sustainable.
British pound falls on weak earnings growth.
Fed Reserve Chair Yellen suggested the Fed is open to raising interest rates, and markets reacted. Although Treasury ETFs have fallen on this news, it could be good for bonds over the long term.
Mario Draghi dragged his feet last week by not committing to an extension date on the ECB's bond purchase program. The Euro hit four month lows after the ECB meeting.
U.S. indices have been consolidating around their all-time highs over the last couple of months as investors looking at several factors which could give a trend direction in the coming months.
The three major U.S. stock indices surrender their strongest gains in two months with investors reluctant to push the markets higher ahead of the two-day FOMC meeting on September 20-21.
The U.S. Jobs report is out for the month of August and the Fed may shy away from an interest rate hike during its September meeting.