Week Ending 6th December 2019 Stocks rallied around the globe and Treasuries fell as better-than-expected data bolstered confidence in the world’s largest economy. The S&P 500 Index extended its advance into a third day after reports showed payrolls jumped 266,000 — the most since January — as wages beat estimates while consumer sentiment increased. Energy, […]

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China’s economy grew at a slower pace than expected in the third quarter as it struggled with a US-led trade war and softer domestic demand. In the three months to September, the economy expanded 6% from a year earlier, official figures showed. The result fell just short of expectations for 6.1% growth for the period. […]

The US has agreed to suspend its next tariff hike on Chinese imports after two days of trade talks in Washington. US President Donald Trump said negotiators had reached a “phase one deal” that would include increased agricultural purchases and address financial services and technology theft. China’s top negotiator Liu He also said he was […]

The U.S. economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and lukewarm consumer sentiment adding to concerns that may support the case for further Federal Reserve easing. Consumer spending on goods and services, which accounts for about two-thirds of gross domestic product, increased 0.1% from […]

The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate. The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%. The ECB also said it was re-starting quantitative easing. […]

The US economy added 130,000 jobs last month, slowing more than expected, the latest official figures have shown. Economists polled by Reuters had expected an increase of 158,000. In July, the economy had created 159,000 new jobs. The unemployment rate was unchanged at 3.7%, while average hourly earnings growth rose 3.2% from last year. The […]

The chancellor has told the BBC that he does not expect the UK to slide into recession after data showed the economy shrank by 0.2% between April and June. Sajid Javid was speaking after the Office for National Statistics said the economy had contracted for the first time since 2012. The surprise decline came after […]

The US economy grew less than previously thought last year, missing President Donald Trump’s target of 3%. Revised official figures shows that GDP expanded by 2.5% during 2018. The figures also revealed that growth slowed during the second quarter as exports declined and companies invested less in their businesses. GDP grew at an annual rate […]

UK Public sector net borrowing rose sharply in June because of higher debt interest payments and rising spending on services, figures show. It totalled £7.2bn, according to the Office for National Statistics, up from £3.3bn in June 2018. It was the highest June borrowing figure since 2015, the ONS said. Analysts said the figures would […]