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👤Xinyang
🕔August 12, 2016
China industrial production rose 6.0 percent from a year earlier in July of 2016, compared to a 6.2 percent rise in June and slightly below market forecasts of a 6.1 percent growth. By categories, electricity, gas and water production and water supply grew by 7.4 percent, followed by manufacturing (+7.0 percent).…
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UK GDP Comes in Weaker
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👤Nurudeen Amedu
🕔August 9, 2016
- Recession inevitable for the British economy
- NIESR estimations remain in the red
The UK’s economic growth came in 50% lesser for the last three months when compared to the preceding 3 months, according to an analysis conducted by one of the UK’s most respectable think tank; the National Institute of Economic and Social Research (NIESR).…
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👤Lisa Harris
🕔July 30, 2016
The GBP has established a strong range against major pairs like the Euro and the USD over the period of the second week of July to the end of July, and there is a very simple reason for this. There is a lot of anticipation for the Bank of England’s big decision, and it is very easy to deduce that placing a major bet on either side in anticipation of this decision would not be wise.…
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👤Xinyang
🕔July 30, 2016
According to the advance estimate released by the Bureau of Economic Analysis showed, the Real GDP growth in the United States increased at an annualized rate of 1.2 percent on quarter in the three months to June of 2016, following a downwardly revised 0.8 percent growth in the first three months of the year and well below market expectations of a 2.6 percent expansion.…
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Dollar Index trending downwards after weak jobless claims data
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👤Xinyang
🕔July 28, 2016
The dollar index is trending downwards after the number of Americans filing for unemployment benefits rose more than expected last week,increasing by 14,000 to 266,000 in the week ended July 23rd compared with the previous week’s downwardly revised level of 252,000.…
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Japan trade surplus above expectations
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👤Xinyang
🕔July 25, 2016
692.84 JPY billion surplus in June of 2016 was recorded in Japan, compared to 60.90 JPY billion surplus a year earlier and beating market expectations of 494.8 JPY billion surplus. Year-on-year, sales dropped by 7.4 percent to 6,025.46, JPY billion in June, following an 11.3 percent fall in May, while markets expected an 11.6 percent decline.…
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👤Xinyang
🕔July 24, 2016
Two weeks ago, US economic data showed that more jobs were created in June than in any month since October of last year. The headline number of 287,000 jobs was exceedingly strong. However, it’s important to recognise that previous months were quite weak.…
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👤Xinyang
🕔July 22, 2016
Markit Flash UK Services PMI Activity Index fell sharply to 47.4 in July 2016 from 52.3 in June, below market expectations of 48.9, mainly due to the Brexit. It was the first contraction since December 2012 and the steepest fall since March 2009, as output and new orders dropped at the quickest rates in over seven years and employment in the sector fell slightly for the first time since December 2012.…
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Fresh insights on the US and China economies
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👤Xinyang
🕔July 18, 2016
Is the US Economy getting back on track?
US industrial production also rose 0.6% in June vs. 0.2% increase expected which showed that manufacturing activity hit its strongest level in almost a year. The increase in fuels and rent prices in June also suggested that inflation is picking up and rising prices indicated signs to a stronger economy.…
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