UK equity markets rally on oil rebound as PMI surveys top estimates

UK Economic Update – 08 February 2015

UK equity markets rally on oil rebound as PMI surveys top estimates

The FTSE 100 rallied by 150 points on Monday last week as oil prices underwent a rapid rebound off the back of the announcement of another large round of rig closures in the US. This boosted oil shares listed in London, lending support to an overall index that had previously been treading water slightly off from last year’s highs.

In addition to higher oil, UK PMI surveys all topped estimates during the […]

By |2020-09-09T09:42:43+05:30Monday, February 9, 2015|Categories: Macro Timeline, United Kingdom|0 Comments

UK PMI surveys rebound in January, concerns over Greece begin to ease in the new week

UK Economic Update – 04 February 2015

The FTSE 100 and the pound sterling fell last week amidst a thin economic calendar, with the only release of any real substance being Q4 GDP figures, which subsequently missed expectations.

While slower growth was the predominant driver of sterling weakness, the downside pressure upon equities, although limited, was largely the result of the radical left (Syriza) sweeping to power in Greece at elections over the previous weekend.

In addition to growing political uncertainty in Europe, a number of earnings downgrades and […]

By |2020-09-09T09:42:44+05:30Wednesday, February 4, 2015|Categories: Macro Timeline, United Kingdom|0 Comments

FTSE outperforms on better than expected Chinese growth and ECB’s belated donning of the funny money hat

UK Economic Update – 26 January 2015

FTSE outperforms on better than expected Chinese growth and ECB’s belated donning of the funny money hat

The FTSE 100 outperformed many of its regional peers last week, closing up nearly 5% for the period, as Chinese growth figures appeared to show the pace of the nation’s economic slowdown moderating while the ECB finally joined its developed market counterparts in donning the funny money hat.

In detail, Chinese GDP for the fourth quarter came in at 7.3% against expectations for a print of 7.2%, […]

By |2020-09-09T09:42:51+05:30Monday, January 26, 2015|Categories: Macro Timeline, United Kingdom|0 Comments

UK Investor Focus – 2015 Outlook

UK Investor Focus – 2015 Outlook

UK Economy cools at the close of 2014

Following a string of weak data in the run up to year end and at the open to 2015, UK PMI surveys were among the first releases from the UK economy in 2015. Each of these missed estimates, with construction and services sector activity falling to an 18 month low, while the manufacturing industry cooled more moderately following a longer run of under-performance.

At present, all of the incoming data from December continues to suggest that UK […]

By |2020-09-09T09:42:52+05:30Wednesday, January 14, 2015|Categories: Macros, United Kingdom|0 Comments

Welcome Back – Key Points from the Festive Period – 05 January 2015

Welcome Back – Key Points from the Festive Period – 05 January 2015

An overview of key events over the holiday period

Presidential elections in Greece failed, Prime Minister has now dissolved parliament and national elections are set for 25 January. Markets are of course uneasy although, German magazine Der Spiegel reports that various German ministers have made several statements suggesting that the economic block is now in a much better position from which to weather a Greek exit if it becomes necessary.

While there are reasons to believe that any […]

By |2020-09-09T09:42:53+05:30Monday, January 5, 2015|Categories: China, Crude Oil, Europe, Gold, Japan, Macros, United Kingdom, USA|0 Comments

Developed markets bounce back as investors and traders call time on the slump; – for now

UK, US & EU Economic Update – 23 December 2014

Developed markets bounce back as investors and traders call time on the slump; – for now

Developed markets bounced back sharply last week with the Dow Jones recovering almost all of its earlier losses, the S&P closed at a new record high and the FTSE 100 jumped by 6%.

The rebound was driven largely by US monetary policy once again, when the FOMC revised lower its inflation expectations for 2015, before stating that there has been no significant change to its […]

By |2020-09-09T09:42:53+05:30Tuesday, December 23, 2014|Categories: Europe, Macros, United Kingdom, USA|0 Comments
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