#UK Economy

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 [...]
European markets underwent a quiet and negative start to the new trading week in the absence of US markets yesterday, with most of the focus on the US dolla,r which has continued to drift lower, hitting its lowest levels in three years, after four...
Talking Points:US senate passed the tac bill, House to revote Donald Trump may be able to sign the most radical tax overhaul in a generation The size of the fiscal injection does matterRepublican’s Tax overhaul bill encountered another procedural snag and it must...
Talking Points:Making record highs have been the norm for the US equity market. An important week in terms of key central bank announcements. No Interest rate hike expected from BOE.US future are trading higher and picking up the momentum where they left off...
Here are the latest developments in global markets:FOREX: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising...
IndicesEuropean markets have opened lower after another late sell-off on Wall St The Nasdaq 100 gave up 1% gains to end lower Japan’s Nikkei stock average closed down 2% for its biggest loss of 2017SharesHammerson has agreed to a £3.4bn offer for...
Revised UK GDP Figures Eyed as OBR Lowers ForecastsThe ONS will release second quarter GDP data for the UK this morning, which is expected to be unrevised from last month’s preliminary reading of 1.5%. If the OBR’s forecasts – as revealed by Chancellor Philip...
The healthy combination of rising corporate profits, strong global growth and cautious optimism over U.S. corporate tax cuts, simply reinvigorated global equity bulls on Tuesday – boosting stocks across the globe.Asian shares headed for a record close during early trading on Wednesday, following Wall...
Normal service was resumed for US markets yesterday after the pause of recent days as we saw more record highs with the Dow, S&P500, Nasdaq and Russell 2000 all closing at record levels. With Black Friday and Cyber Monday approaching investors appear to be...
European markets managed to shrug off yesterday’s poor start, as well as the prospect that barring a sudden change of mind, Germany could be heading towards new elections sometime next year, after the unexpected breakdown in coalition talks. It would appear that for now the...
Asian shares were depressed on Monday morning, as investors remained guarded amid lingering concerns over U.S. tax reforms.The caution from Asia is likely to rollover into European markets which are currently tussling with renewed political uncertainty, after German Chancellor Angela Merkel’s failure to form...
British retail sales recorded their first year-on-year decline since 2013 last month, despite solid growth in volumes from September, as households battled with fast-rising prices. Britain’s Office for National Statistics said October’s 0.3 percent year-on-year fall in sales volumes was the biggest since March 2013...
BoE Rate Hike Questioned as UK Data DisappointsEuropean equity markets are expected to bounce back at the open on Thursday following a similar move in Asia overnight as traders eye more data from the UK and the US.While the most important event impacting the...
Talking PointsJapanese GDP growth approves BOJ's policies Oil Traders await inventory data UK wage number needs to keep up with inflation US inflation data may have only one outcomeThe Japanese economy has continued to show its sign of strength for the consecutive seven...
Yesterday saw another disappointing session for markets in Europe, despite more evidence of improving economic conditions, particularly in Germany where Q3 GDP came in at 0.8%. This in turn helped push the euro back up to the 1.1800 level for the first time this...
Talking PointsCarney to defend overblown inflation data Chinese economic growth stout during the last nine months US tax reforms still have no considerable progress Central Bankers and their view mattersInvestors are cautious but steady while they await more clues on the monetary policies...
Chinese Data Shrugged Off as Equity Markets Edge Slightly LowerEuropean equity markets are expected to open a little lower on Tuesday, following similar moves in Asia overnight and a flat opening session in the US.There doesn’t seem to be much really driving the markets...
Having seen sharp falls last week the softer tone in European markets continued yesterday as nervous investors continued to lock in profits as the EuroStoxx 50 dropped to levels last seen in late September, before rebounding.The reasons for the sell-off aren’t immediately obvious, with...
Data from the Office for National Statistics this morning showed that U.K retail sales fell by more than expected in the month of September and points to weakness in the broader economy during Q3.Retail sales were -0.8% lower than in August, and were just...
Earnings Season in Focus as Stocks Target New HighsUS futures are pointing to another higher open on Wall Street on Wednesday, as companies prepare to report on the third quarter at a time when indices are hitting fresh record highs on an almost daily...
Will UK Inflation Data Alleviate Policy Makers Concerns?European equity markets are expected to open relatively flat on Tuesday, as we await some important inflation data from the UK and the eurozone, as well as appearances from Bank of England policy makers.It could be an...
While European markets had a quiet and a somewhat mixed session yesterday, US markets continued to kick on from last week’s gains, once again making new record highs, continuing their divergence away from markets in Europe.This morning’s market open looks set to pick up...
The Japanese economy is taking centre stage at present, as Shinzo Abe is set to call a snap election for October in order to maintain power. This comes off the back of North Korea tensions and of course a recent cabinet reshuffle which have...
It seems such a long time ago now when record highs for US markets were almost a daily occurrence but after a break of a few weeks normal service was resumed yesterday as the three main major US benchmarks posted record highs for the...
Cable rebounded lower from a year-high (1.3379) after the British wages growth stagnated at 2.1% year-on-year in July, versus 2.3% expected by analysts.The weak data revived worries that British households’ earnings growth is clearly not sufficient to compensate for the steeper rise in inflation,...
US markets continued their hurricane Irma relief rally yesterday with more record highs for the S&P500 as well as a record close for it as well as the Dow Jones.The positive momentum was also helped by comments from US Treasury Secretary Steve Mnuchin that...
The GBPUSD rallied after the data showed that the British consumer inflation accelerated to 2.9% year-on-year in August from 2.6% previously. This was faster than analysts’ expectations of 2.8%. The core inflation surged to 2.7% year-on-year from 2.4%.The solid inflation read revived the Bank...
Safe Havens Under Pressure as Geopolitical Risk Eases a LittleRisk appetite looks to have returned on Monday, with traders relieved at the inactivity in North Korea over the weekend after reports suggested the country could engage in more provocative testing.The rogue state celebrated its...
North KoreaThe ongoing tensions on the Korean peninsula are likely to set the tone for financial markets throughout the week. Markets remained jittery all last week, with equities and other risk assets enduring bouts of selling after a fresh nuclear test and threats of...

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