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UK Economy Heading for Zero Growth

18 June 2019 Maria Gregoriou

According to a report by the British Chambers of Commerce (BCC) business investments across the UK are coming to a halt and the economy is forecasted to see zero growth in the second quarter.

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April Stats Show German Exports Decline

07 June 2019 Maria Gregoriou

German exports fell by 0.5 percent from April 2018 to April 2019, according to the Trade Balance report released by the Statistisches Bundesamt Deautschland

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Fiat Withdraws Deal to Merge with Renault

06 June 2019 Maria Gregoriou

Fiat Chrysler withdrew its proposal to merge with French automaker Renault due to the lack of political conditions that would ensure a successful deal.

The talks between the two automobile companies have been going on since May and after a series of late-night meetings, the French government requested a vote for or against the merger to be delayed.

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Trade News Stirs Economic Waters

05 June 2019 Maria Gregoriou

The hot topic lately in the news is trade. During President Donald Trump's state visit to Britain and his meeting with Prime Minister Theresa May, he encouraged the UK to get Brexit over with so that the U.S and the UK could come to a trade deal. According to Bloomberg, Trump said that a deal would triple trade between the two countries.

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UK Retail Sales Drop for May

04 June 2019 Maria Gregoriou

The British Retail Consortium (BRC) released its Like-For-Like Retail Sales report, which measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. For May this report showed retail sales dropped by 2.7 percent, which is the biggest drop since 1995.

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Operations Rise Slightly for Chinese Manufacturing Industry

03 June 2019 Maria Gregoriou

The Markit Economics released the Caixin China Manufacturing Purchasing Managers Index (PMI) this morning, showing that operational conditions have improved slightly for May.

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Trump to Impose Tariffs on Mexican Goods

31 May 2019 Maria Gregoriou

In his latest bid to control illegal immigration from Mexico, U.S President Donald Trump has announced that all goods coming from Mexico to the U.S will carry a tariff of up to 25 percent.

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Dollar Almost Reaches Two-Year Peak as Global Growth Fears Hover

30 May 2019 Maria Gregoriou

As the world's two largest economies, the U.S and China, show no signs of coming to some kind of agreement when it comes to the trade war, the Dollar reached an almost two-year high yesterday at 98.371, while the world fears for the worst.

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New Zealand - Effort Needed to Achieve Resilient Financial System

29 May 2019 Maria Gregoriou

An ongoing effort is needed to strengthen the New Zealand financial system, stated the Governor of the Reserve Bank of New Zealand, Adrian Orr, during a speech, while releasing the May financial stability report.

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Focus market

  • China's home prices growth fastest in five months - NBS
  • EU сar sales returned to growth in May - ACEA
  • Bank of Japan Governor Kuroda: BOJ will debate rising overseas economic risks this week
  • Eurozone annual inflation down to 1.2% in May
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