Strong jobs report cranks up pressure on Fed
A relatively healthy 178,000 new jobs were added in the United States during November, further pushing the Federal Reserve towards acting to prevent the economy overheating.
Macro News
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UK manufacturing feels the pressure of weaker sterling
Sterling weakness continued to rock the United Kingdom manufacturing sector in November as further upward pressure on input costs hit home, but demand remained strong.
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UK GDP holds up in contrast with Hammond’s gloom
United Kingdom annualised GDP growth was reported to have held at provisional estimate of 2.3% in the third quarter of 2016 despite the Brexit vote.
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Chancellor cuts growth forecasts, announces £23bn ‘productivity fund’
In delivering his Autumn Statement this afternoon Chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn fund to tackle a lack of productivity in the British economy.
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SLI: World needs more co-ordinated stimulus
Politics are the main barrier to broad-reaching – and much needed – infrastructure spending, according to Standard Life Investments (SLI) as it recognises the need for greater fiscal stimulus.
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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%.
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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.