The headline event in the UK and the US last week was the release of second estimate GDP figures for both economies, each of which prompted a mixture of surprise and disappointment.
In detail, the second estimate for UK economic growth in the first quarter surprised on […]
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) […]
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 […]
The FTSE 100 got off to a strong start at the opening of the current week as rumours that HSBC may be exploring the sale of its UK division drove the shares almost 10% higher by late morning. This led the FTSE 100 […]
US equities rose last week in the aftermath of a poor payrolls report for March, which then left investors questioning the Federal Reserve’s likely resolve to begin raising rates this summer.
Interestingly the most recent round of FOMC meeting minutes, which were released last week, highlighted a deep division between US policy makers on the issue […]
The headline for last week was that, on good Friday, the US non farm payrolls number tanked for the month of March. This was as the economy added just 126,000 new jobs during the month, which is a number that pales into insignificance when compared with the […]