US consumption data remains weak as households fortify balance sheets ahead of an eventual FOMC lift off

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US Economic Update – 18 May 2015

US consumption data remains weak as households fortify balance sheets ahead of an eventual FOMC lift off

The headline event for last week in the US in terms of economic data was undoubtedly the release of retail sales figures for April.

Here the Census Bureau’s data appeared to highlight another month of belt tightening among American consumers as core retail sales (ex autos) […]

By |2020-09-09T09:42:25+05:30Monday, May 18, 2015|Categories: Macro Timeline, USA|0 Comments

UK employment and earnings indicators extend gains in April as BOE signals it will look through “temporary” disinflation

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UK Economic Update – 18 May 2015

UK employment and earnings indicators extend gains in April as BOE signals it will look through “temporary” disinflation

Manufacturing production in the UK bounced back slightly during March according to lagging survey data released last week, although since this time, activity within the sector appears to have slowed somewhat if recent Markit PMI surveys are anything to go by.

Average earnings growth extended […]

By |2020-09-09T09:42:25+05:30Monday, May 18, 2015|Categories: Macro Timeline, United Kingdom|0 Comments

Chinese policy makers cut rates for the third time in six months, further cuts likely in the months ahead

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Chinese Economic Update – 12 May 2015

Chinese policy makers cut rates for the third time in six months, further cuts likely in the months ahead

Once again Chinese policy makers took centre stage over the weekend when they announced the third rate cut in just six months. The PBOC cited “relatively large downward pressures” facing the economy as the core reason for slashing its benchmark 1 yr deposit rate to 2.25% and […]

By |2020-09-09T09:42:26+05:30Tuesday, May 12, 2015|Categories: China, Macro Timeline|0 Comments

European data remains off kilter as developed economies wobble; markets correct on inflation rebound

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EU Economic Update – 11 May 2015

European data remains off kilter as developed economies wobble; markets correct on inflation rebound

The core headline event in European markets over the last fortnight has been a broad based correction across all asset classes that had previously benefitted from the ECB’s QE program.

This saw long dated German bonds undergo their heaviest sell off for nearly two decades while the German equity […]

By |2020-09-09T09:42:26+05:30Monday, May 11, 2015|Categories: Europe, Macro Timeline|0 Comments

US economic data continues to point toward a floundering economy

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US Economic Update – 11 May 2015

US economic data continues to point toward a floundering economy

The core headlines from the last two weeks in relation to the US economy have been centred on the sharp collapse in GDP during the first quarter and the fact that the FOMC has dropped the term patient from its guidance on when it is likely to begin raising interest rates.

While the […]

By |2020-09-09T09:42:27+05:30Monday, May 11, 2015|Categories: Macro Timeline, USA|0 Comments

General election result is good news for both markets & the economy over the near – medium term

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UK Economic Update – 11 May 2015

General election result is good news for both markets & the economy over the near – medium term

The headline event over the last week in the UK and Europe was without doubt the general election in Britain, where the Tory party surprised almost all observers when it swept to victory with an absolute majority.

Although on the plus side for the economy […]

By |2020-09-09T09:42:27+05:30Monday, May 11, 2015|Categories: Macro Timeline, United Kingdom|0 Comments
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