Ear to the Ground
Whilst a lagging indicator, there was good news for the UK economy, expanding by 0.2% in August. Whilst this was in line with the consensus forecast…
Ear to the Ground
With the US Federal Reserve having cut interest rates by 0.5% at their last meeting just a couple of weeks ago, the market is clawing over all pieces of economic data released for insight as to when and by how much the next move could be.
Ear to the Ground
After the US Federal Reserve stole the limelight last week with their 50 basis points interest rate cut, it was the Chinese who were at the centre of attention this time.
Ear to the Ground
By the time the Federal Reserve (the Fed) met to discuss interest rates, it was no longer a case of will they or won’t they, but how much would they decide to cut by.
Ear to the Ground
This week was a busy one for economic data. In the Eurozone we saw the European Central Bank (ECB) decide to cut the deposit rate by a further 0.25%, to 3.5%.
Ear to the Ground
After weaker than expected US employment data in recent weeks, along with comments made by Governor Powell at the recent Jackson Hole Economic Symposium, eyes were firmly focussed on non-farm payroll data.
Ear to the Ground
All eyes are focussed on Jackson Hole this week, in particular Jerome Powell, as investors and economists alike look for further guidance as to when we may see the first interest rate cut in the US.
Ear to the Ground
Whilst there were economic data releases for the market to get their teeth into, this week has been one where markets have been very much driven by corporate earnings releases.
Ear to the Ground
Busier week for data and where better to start here in the UK, where, at the time of writing, the summer appears to have finally arrived. How long it will last is anyone’s guess.
Ear to the Ground
There was good news for the UK economy this week, which grew faster than expected in May. Although a lagging indicator, it was good all the same to see an expansion of 0.4% posted, double the consensus forecast of 0.2%.
