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.
Macro News
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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).
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UK inflation reaches 22-month high
UK inflation reached 1% in September, its highest rise since November 2014.
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Half of new billionaires in Asia but Europeans fare best
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn (£4.2trn, €4.6trn), according to a joint UBS Group and PwC report.
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FTSE 100 rallies and sterling topples as Brexit countdown begins
Confirmation that UK Prime Minister Theresa May would trigger Article 50 by the end of Q1 2017 rattled sterling and catapulted the FTSE 100 index to its highest level in over a year.
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Investors not willing to part with defensive assets post-Brexit
The Investment Association’s August fund sales data showed investors still proceeding with caution after the Brexit vote, favouring fixed income and absolute return strategies.
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New measures should extend India stock market’s rally
Reforms are gathering pace and will boost Indian share prices, according to Vikas Shah, portfolio manager and Indian equities specialist at Emerise.
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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.
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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.
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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.