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Economy update The chances for a Russia-Ukraine meeting are slipping away. This is what Russia’s less-than-lukewarm response to the proposal implies. UK consumer prices inflated by an annual rate of 3.8% in July, the highest in 18 months. The central bank of New Zealand reduced interest rates to the lowest in 3 years and warned […]

Economy update Yesterday’s talks between Trump and Zelensky ended on a relatively upbeat note as the US President hinted at providing security guarantees to Ukraine if a peace deal is achieved with Russia, without elaborating. There are still many moving parts, and the situation will likely take the usual twists and turns in the coming […]

Economy update After Friday’s meeting between the US and Russian leaders, the Ukrainian president and EU politicians will meet Donald Trump in the White House. He will tell them that Ukraine should give up hope of joining NATO and reclaiming Crimea. EU trade surplus in June was €7 billion, down from €20.7 billion a year […]

Economy Update The Nikkei takes another run as Japan’s GDP beats expectation both QoQ and YoY. However, bourses are mixed in the East as China data dampens spirits. House Price Index down 2.8% which was not unexpected but Fixed Asset Investments, Industrial Production and Retail Sales missed badly and at 3.7%, the latter is the […]

Economy Update Bourses still firm on US Treasury Sec. Bessent saying data should give opportunity for a 50bps cut with a further 150 next year. New highs seen in Nasdaq, S&P, MSCI all index, and Nikkei again. Bitcoin on a tear with risk-on. Nikkei lately dipped as JPY takes a run on Bessent speculation that […]

The US CPI reading was not deemed accelerated enough to delay a FED cut in September and US bourses led a charge which spilled into APAC and Europe. FedWatch pricing for a 25bps cut is now 95%. The Nikkei leaps once again as Reuters Tankan manufacturing sentiment index rose to +9 from a +7 reading […]

Economy Update Bourses are largely enjoying the China and US 90-day tariff truce extension. The Nvidia self-tariff is regarded in some opinion as the main reason for the trade agreement extension being signed. With Australia’s RBA cutting rates as expected the ASX joins the Nikkei in making new all-time highs. Bullion markets continue to settle […]

Friday’s meeting of Trump and Putin, without possible Ukrainian representation, aims to end the war with a dubious outcome. The Chinese tariff deadline expires tomorrow and is expected to be extended. Chinese producer prices retreated more than forecast in July, confirming stubborn deflation. Consumer prices were unchanged on the year. Tomorrow will see the release […]

Bourses across the globe are positive in the main after Trump nominates Stephen Miran to the FED which is perceived as a dovish twist. Nikkei helps everything along as a possible US double tariff is cleared up. EUR bourses are also firm, with STOXX600 up over 2% on the week as corporate results continue to […]

Economy update Germany’s industries are struggling. Output in June fell to its lowest since 2020 as demand from abroad for the country’s goods wanes. Japan was forced to revise down its economic growth forecast amidst US tariffs and sticky inflation. Tech shares keep providing invaluable stock market support. Bank of England will have probably cut […]