• Consumer Discretionary vs. Consumer Staple Goods – Indicators of Current EU Growth

    The investment appeal of the European currency rose significantly on Tuesday, as government data indicated faster-than-expected economic recovery in Q1, stirring up speculation that downside risks receded.

  • Fight fire with fire: Chinese banks issue more loans to combat effects of bad debts

    After a crushing blow inflicted by Google (shares fell by 6% on the earnings report) Nasdaq futures suffered from additional pressure after Chinese PMI report release, which showed that manufacturing activity in April failed to develop the March impulse.

  • South Korea: World Growth Must Wait!

    One of the brightest stars in terms of global growth unexpectedly faded, with South Korean GDP falling by 0.3% in Q1. Posting its worst performance in almost a decade:

  • Key economic events of the week

    Monday, July 31st, 2017 – CPI (YoY) (Jul) (EUR), Pending Home Sales (MoM) (Jun)(USD), Caixin Manufacturing PMI (Jul)(CNY). Tuesday, August 1st, 2017 – RBA Interest Rate Decision (Aug), German Manufacturing PMI (Jul), Manufacturing PMI (Jul), ISM Manufacturing PMI (Jul) (USD), Employment Change (QoQ) (Q2) (AUD). Wednesday, August 2nd, 2017 – Construction PMI (Jul)(GBP), ADP Nonfarm Employment Change (Jul)(USD), Crude Oil Inventories(USD). Thursday, August 3rd, 2017 – Services PMI (Jul)(GBP), BoE […]