Week Ending 13th September 2019 U.S. stocks finished the week mixed as Treasury yields jumped to six-week highs and the dollar slipped. All three major U.S. indexes still closed higher for a third consecutive week after being whipsawed by a rotation from growth to value shares by some investors. Apple weighed on the Nasdaq Friday. […]

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. […]

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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 […]

If you were in any doubt that the US-China trade war is having an impact on Asia, look no further than Singapore’s latest export figures. Singapore saw exports fall for a second month in a row, this time by 17.3% in the month of June compared to a year ago. This dramatic fall comes as […]

China’s economy grew at its slowest pace since the early 1990s in the second quarter, official figures showed. In the three months to June, the economy grew 6.2% from a year earlier. The result was in line with forecasts. China has moved to stimulate its economy this year by boosting spending and delivering tax cuts. […]

The US labour market boomed in June, creating many more jobs than expected, according to the latest report from the Bureau of Labor Statistics. It showed that 224,000 jobs were created in June, many more than the 160,000 that economists had forecast. The figures, a rebound from poor jobs data in May, eased concerns the […]