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Economic Updates
US–China Trade Gap at Record High
US-China Trade Gap at Record High Trade Deficit a Decade High- Was a Trade War Worth it? The Trade Deficit reported mid-week surprised the markets as it climbed to a decade-high. We also note that the US-China trade gap has reached a record high. It is worth thinking whether President Trump did the right thing in engaging in a trade war with it...
Australian Housing Market
"Australians watch housing markets carefully, perhaps more so than citizens of any other country." Speaking at the Australian Financial Review’s annual business summit, RBA Governor Philip Lowe talked about the Housing Market and the Economy. The Governor spoke about: The current state of the housing market How the recent cycle is unprec...
National Emergency
By Deepta Bolaky President Donald Trump has declared a national emergency over the US-Mexico border swiftly after the spending bill was approved. It is not the first national emergency the US will face. Other situations of emergency were triggered by former Presidents like Barack Obama or George W Bush, but it was primarily for purposes of add...
The Royal Commission’s Mammoth Report
The bombshell report of the Royal Commission is finally out. The report depicts how the Banking, Superannuation and Insurance industries have treated their customers and employees. It highlights the expectations that customers should be compensated, while also addressing the need for financial services that break the law to be held accountab...
Australian Banking Industry
Australian Banking Industry The final report of the Royal Commission will be released just after the Australian market closes at around 4 PM! Hayne’s report will uncover the appalling practices and behaviour in the banking, financial services and superannuation industry. Today will be a crucial and brutal day for Australian Banking Industr...
Preview: Non-Farm Payroll Announcement
It’s a new month which means the latest Non-Farm Payroll figures will be released this Friday by the Bureau of Labor Statistics. The data is due to be released at 13:30 PM London time. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measure of job creati...
China’s Stimulus Program
Fears of slowing growth and weak Chinese data have forced China to ramp up its efforts to stimulate its economy and reassure investors: Record $83 billion injection: China injected a large amount of money in its economy. $83 billion was placed in the country’s financial system to avoid a cash crunch that would add further pressure to an �...
Review of the Year 2018
The bears roared loud and clear in 2018! In 2018, the financial markets were hit by several headwinds across the year and investors were left struggling to find a direction towards the year-end. Economists and strategists were forced to reassess the economic forecasts for 2019. Trade and geopolitical issues had changed the dynamics of the f...
Non-Farm Payrolls
Generally, the monthly changes in payrolls can be extremely volatile. Given its high relation with the economic policy decisions made by the Fed, the release of the nonfarm payrolls can trigger volatility in the markets. The US labour market is expected to stay robust and the unemployment rate to remain steady at 3.7%. The US labour market is ti...
US Jobs Numbers Are In
The Buraeu of Labor Statistics have released the latest jobs report for September. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 155,000 the U.S. Bureau of Labor Statistics reported today below the forecast of 198,000. Biggest job gains were in health care, in manufacturing, and in transportation a...
Preview: Non-Farm Payroll Announcement
It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The data will be released on Friday 7th December at 13:30 PM London time. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measu...
US Mid-Election & The Fed sticks to the Game Plan
The propaganda around the US mid-election dominated the markets this week. With the Democrats now in control of the House of Representatives, the Congress will be tied up in a legislative gridlock leaving the market participants to evaluate the effects of the election results on the policy making in the US. As widely expected, the Democrats a...
Tied In A Gridlock, Eyes Are Now On The FOMC Meeting!
The results of the US Mid-term election have been released and the Democrats took control of the House of Representatives, securing Washington in a legislative deadlock as widely expected. The talks of “impeachment” of the President will likely be making headlines as the Democrats are now empowered by investigative and procedural powe...
European Round-Up: 5th November
Key Economic News Releases Today: GBP Markit/CIPS UK Services PMI (October) lower at 52.2 vs. 53.3 forecast GBP Markit/CIPS UK Composite PMI (October) lower at 52.1 vs. 53.4 forecast USD ISM Non-Manufacturing/Services Composite (October) higher at 60.3 vs. 59.1 forecast To keep up to date with the upcoming economic events click here...
Non-Farms: US Jobs Numbers Are In
US Jobs Numbers Are In The Bureau of Labor Statistics have released the latest jobs report for September. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 250,000 the U.S. Bureau of Labor Statistics reported today versus the forecast of 193,000. Most significant job gains were in health care, in manufa...