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%.

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.

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.

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.

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.

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%.