Inflation undershoot takes pressure off Carney
The Office for National Statistics has reported inflation dropped to 0.9% in October, slightly undershooting consensus forecasts of 1.1%.
Macro News
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Japan reports surprisingly strong GDP growth
Japan has reported third quarter annualised GDP growth of 2.2%.
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Hargreaves Lansdown confidence index slides
Hargreaves Lansdown’s Investor Confidence Index reached a low of 59 points in November, its lowest level since the index began in 1995.
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Gold miners surge as Trump risk lifts commodity optimism
Gold jumped as much as $75 an ounce on Wednesday, while gold miners surged as investors watched Donald Trump edge ever closer to the White House.
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Financial advisers around the world react to a Trump presidency
Following Donald Trump’s historic win in US elections, International Adviser asked IFAs across the globe to give their views on the next president.
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Trump wins, investors stunned
Donald Trump has won the US presidential election, riding a wave of global anti-establishment sentiment and in a Brexit-like manner, upending the status quo. Republicans also won a majority in both the Senate and House of Representatives.
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US job growth sluggish pre-election but unemployment rate budges
Friday’s non-farm payroll release was a mixed bag but analysts were encouraged by the drop in unemployment levels.
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Bank of England talks down rate cut chances
The Bank of England has moved to play down the prospects of a further cut to the current UK base rate of 0.25%.
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Brexit might not mean Brexit as court rules MPs must have a say
In a blow to the government’s ‘Brexit means Brexit’ rhetoric, the UK high court has ruled that Parliament must vote on whether or not to Trigger Article 50 of the Lisbon Treaty.
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Inflation to peak at 4% next year – NIESR
Brexit-fuelled sterling weakness will push consumer price inflation toward 4% in the middle of next year, the National Institute of Economic and Social Research said on Wednesday.
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Service sector powers UK economy to post-referendum GDP growth
The UK economy beat Q3 growth expectations with a reported 0.5% rise in GDP, with the services sector acting as ballast to other major industry sector declines.
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IMF forecasts economic slowdown in Gulf region
Economic activity across the six nations of the Gulf Cooperation Council (GCC) region is expected to slow sharply this year, according to the latest regional economic outlook from the International Monetary Fund (IMF).