The Bank of England held interest rates on Thursday and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs.In...
U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent.The Labor Department’s closely watched employment report on Friday is also expected to show steady...
Britain’s economy slowed much more sharply than expected in the first three months of 2018, with heavy snow only partly to blame, raising major questions over whether the Bank of England will raise rates next month.Britain’s economy grew at its weakest pace since the...
British inflation unexpectedly cooled to a one-year low in March, according to figures that may raise doubt over bets that the Bank of England will raise interest rates in May.Official data published on Wednesday showed annual consumer price inflation fell to 2.5 percent from...
The growth of the services sector in the United Kingdom slowed down in March, according to a report released by the IHS Markit and CIPS on Thursday. The seasonally adjusted Services PMI Business Activity Index stood at the lowest level in 20 months as...
The United Kingdom stood at 4.3% in the three months to January, according to data released by the Office for National Statistics on Wednesday. The figure is the joint lowest level since 1975 and marks a decrease from the rate of 4.7% recorded during the...
The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government spending that could further stoke a robust U.S. economy. The U.S. central bank...
Talking Points:German GDP and CPI data matches estimates. Investors await US CPI data and its reaction. Yen blast past 107. FTSE Futures +34.European markets and US futures are trading higher as traders get a boost from German growth. The solid german growth confirmation...
British inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge the Bank of England will face as it tries to return price growth to target over the next two years. Consumer price inflation remained at an annual...
The number of people in work in Britain surged unexpectedly in the three months to November and regular wages rose at their fastest rate in almost a year, official data showed on Wednesday.Britain’s economy slowed in 2017 as higher inflation - caused by the...
The volume of goods bought in the retail industry in the United Kingdom in December fell by 1.5% month on month, the Office for National Statistics reported on Friday. The release noted that British retail sales for three months rose 0.4% compared to the...
British shop sales slid by much more than expected in December, capping off the weakest year for retail since 2013 as consumers squeezed by high inflation continued to keep a tight grip on spending. Retail sales volumes dropped 1.5 percent from November, the Office for National Statistics said, well below economists’ forecasts in a Reuters [...]
The U.S. economy is adding jobs at a solid pace, with the labour market continuing to meet the Federal Reserve’s definition of full employment.That picture is unlikely to change on Friday when the Department of Labor releases its highly-anticipated nonfarm payrolls report. If the...
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The unemployment rate in the three months to the end of June fell to 4.4 percent, against...
After the uncertainty of the last few days the tension does appear to have come down a notch or two, helped in some part by more clarity after the US said they weren’t looking to a policy on regime change in North Korea, while...
Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. Gross domestic product expanded an annualized 4.0 percent in...
Asian stocks were mixed while the offshore Chinese yuan spiked after data showed July export and import growth in China had fallen well below forecasts.Export growth is at its lowest since February while import growth was the lowest this year. There is a perhaps...
The Fed stuck to its guns, raising rates by a quarter point and calling for another hike this year, in spite of some pretty dreadful inflation earlier that has the market doubting the central bank's willingness and ability to tighten again in the near-term....
U.S. job growth likely remained strong in May, a further sign of an acceleration in economic activity that would effectively seal the case for an interest rate increase this month despite sluggish wage gains.Nonfarm payrolls probably increased by 185,000 jobs last month, according to...
British construction activity grew at its fastest rate since the end of 2015 last month, as a pick-up in housebuilding helped builders shake off a lacklustre start to the year, a survey showed on Friday.The Markit/CIPS construction purchasing managers' index (PMI) jumped to 56.0...
We highlight three correlations which show the near-term may provide further hikes, further out it may be less pleasant.- 2yrs suggest Fed will continue to hike - 2-10yr spread is out of sync with current hike path - If Fed Funds and 2-10yr spread are to...
Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's economic momentum is being sustained, a survey showed.IHS Markit's Flash Composite Purchasing Managers' Index for May, seen as a good guide to...
British manufacturing growth surged to a three-year high in April, adding to signs that factories are enjoying at least a temporary boost ahead of Brexit from the weak pound, a survey showed on Tuesday.The Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) rose to 57.3...
China’s headline GDP growth accelerated at a pace of 6.9% in the first quarter this year, boosted by higher retail sales, fixed-asset investment and growth in exports.The result beat the consensus growth rate of 6.8%, and also gave the market a welcome surprise about...
British manufacturers reported the fastest export growth in more than two years in early 2017 and the services sector also recovered to rack up its strongest sales growth since last June's Brexit vote, a business survey showed on Thursday.The British Chambers of Commerce, which...
European stocks closing the quarter in a rather subdued fashion doesn't change the fact that we’ve still seen a fairly positive start to the year, with record highs for US and UK markets.This has been despite concerns of political instability in Europe, the health of...
British house prices fell in March for the first time since mid-2015, mortgage lender Nationwide said on Friday, another sign that households are turning more cautious as the country prepares to leave the European Union.Nationwide said house prices declined by a monthly 0.3 percent,...
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market. Initial claims for state unemployment benefits increased 15,000 to a seasonally adjusted 258,000 for the week ended March 18, the Labor...
The latest round of U.K. CPI figures have proved a surprise to the market as rising food and energy prices have pushed the key inflation metric to 2.3% y/y. The result far exceeds the expected 2.1% gain and now places the metric well above...
British inflation last month shot past the Bank of England's 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising global oil prices.Consumer prices leapt by...