Expectations for UK economy fall to lowest level since 2011 August 12, 2019 Public expectations for how the UK economy will fare over the next 12 months are at their lowest level in more than seven years, according to a new report released today. The Office for National Statistics (ONS) has said the outlook for the general economic situation for the year ahead is worse than at any [...]
European stock markets bounce after rough week August 12, 2019 European stocks have opened higher as calm returned to the market following a sharp sell off on Friday driven by the US-China trade war. Read more: US stock markets fall with Donald Trump ‘not ready’ for deal with China The FTSE 100 was 0.6 per cent higher by 8.30am, Germany’s Dax had climbed 1.1 per [...]
Outlook for employment falls as UK teeters on brink of recession August 12, 2019 The outlook for employment in the UK has fallen for the third consecutive growth following half a decade of sustained group, according to research published today. An employment index combining forward-looking employment intentions and the proportion of part-time or temporary workers in the UK jobs market from audit firm BDO, fell to 112.76 points in [...]
US stock markets fall with Donald Trump ‘not ready’ for deal with China August 9, 2019 US stock markets have fallen today after President Donald Trump said his administration was “not ready to make a deal” with China. Read more: Italian markets in turmoil as government edges closer to collapse The tech-heavy Nasdaq stock index had fallen 1.2 per cent, the S&P 500 had dropped one per cent, and the Dow [...]
Sterling spirals to near $1.20 as UK economy comes close to recession August 9, 2019 Sterling has tumbled to fresh two-year lows after official figures showed Britain’s economy contracted in the second quarter, raising fears of a recession and adding to no-deal Brexit worries. Read more: Sterling to tumble further as no-deal Brexit worries intensify The pound had fallen 0.6 per cent against the dollar by 1.45pm to buy $1.207, [...]
Businesses vent fury at handling of Brexit after economy shrinks August 9, 2019 UK business organisations have condemned the continuation of Brexit uncertainty after it helped push the economy into contraction in the second quarter. They called for “decisive action” to turn the situation around. Read more: UK economy shrinks for first time in six years GDP fell by 0.2 per cent in the first quarter, data from [...]
Navigating the “Recession Moment” August 9, 2019 | City Talk “When is a recession going to come?” That’s the question Geraldine Sundstrom keeps getting from clients as a managing director and portfolio manager at PIMCO. But Sundstrom, who focuses on asset allocation strategies, doesn’t believe we are at the end of the economic cycle just yet. We are late in the game though, she explained at the 72nd CFA [...]
Into the red: UK economy shrinks for first time in seven years August 9, 2019 The UK economy contracted for the first time since 2012 in the second quarter of the year as the unwinding of Brexit stockpiling and global trade tensions damaged growth, official figures showed today. UK GDP shrank by 0.2 per cent in the second quarter compared to the previous quarter, the Office for National Statistics (ONS) [...]
Hong Kong protests continue as property developers urge calm August 9, 2019 Demonstrations continued at Hong Kong’s airport on Friday as protesters waved banners and handed out leaflets in multiple languages to visitors at the arrivals hall. Hundreds of young people turned out in support, wearing black T-shirts, and warned of a weekend of planned protests across the city. Read more: Hong Kong protests: General strike brings [...]
European stock markets buoyed as Chinese trade beats expectations August 8, 2019 European stock markets have risen this morning, following their Asian counterparts higher after better-than-expected Chinese trade data. Read more: China hits back after US labels rival a currency manipulator Official data showed Chinese exports benefited from a falling renminbi and rose 3.3 per cent in July year on year, far exceeding analysts’ expectations of a [...]
