Macro News

  • UK economy continues to surprise

    UK economy continues to surprise

    The United Kingdom economy has produced another set of strong post referendum numbers as it continues to appear in a robust state despite the upcoming Brexit talks.

  • US services activity rises faster but jobs growth slacks

    US services activity rises faster but jobs growth slacks

    September data from the Markit Flash United States Services Purchasing Managers’ Index painted a mixed picture of the sector, with sharply improving activity offset by a slowdown in new business and job growth.

  • Trump calls tax avoidance ‘smart’ in live debate with Clinton

    Trump calls tax avoidance ‘smart’ in live debate with Clinton

    Donald Trump called tax avoidance “smart” during the first live US Presidential TV debate with rival Hillary Clinton in New York.

  • Fed leaves investors waiting for Trump and Clinton

    Fed leaves investors waiting for Trump and Clinton

    The Federal Reserve’s decision announced last night to keep rates on hold has left investors waiting to see the outcome and market impact of the Presidential election before a rate rise is put back on the agenda.

  • China’s capital outflows increase for fourth straight month

    China’s capital outflows increase for fourth straight month

    In August, $51bn left the mainland, according to Standard Chartered estimates, as authorities increased support for the mainland currency, which is under devaluation pressure.

  • Bank of Japan’s new weapon in inflation fight gets mixed reception

    Bank of Japan’s new weapon in inflation fight gets mixed reception

    With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.

  • Abenomics hasn’t run out of steam yet - BNY Mellon’s Kashima

    Abenomics hasn’t run out of steam yet – BNY Mellon’s Kashima

    Ahead of the Bank of Japan’s policy meeting on Wednesday, BNY Mellon’s Miyuki Kashima argued Abenomics has not run out of steam and despite the negative headlines, there are encouraging signs of economic recovery.

  • BoE holds rates but November cut on the cards

    BoE holds rates but November cut on the cards

    The Bank of England’s Monetary Policy Committee unanimously voted to hold rates at 0.25% Thursday, but economists expect another rate cut will materialise in November.

  • CPI inflation remains ‘muted’ but input prices rise aggressively

    CPI inflation remains ‘muted’ but input prices rise aggressively

    Consumer price inflation was unchanged in August but economists warned we have yet to witness the full impact of sterling depreciation post-Brexit vote.

  • ECB goes into holding pattern

    ECB goes into holding pattern

    The European Central Bank decided to stick rather than twist today as it announced the deposit rate has been held at -0.4%, the refinancing rate held at zero, and the details of its €80bn per month quantitative easing programme are unchanged.

  • Pound climbs on strong services data release

    Pound climbs on strong services data release

    The pound clawed back more of the ground lost following the referendum on European Union membership this morning after the release of strong services sector data.

  • Underwhelming US jobs number reduces rate hike prospects

    Underwhelming US jobs number reduces rate hike prospects

    The latest United States employment data fell short of the average monthly gains in 2016, leaving many questioning the probability of an interest rate increase in September.