"As well as hitting output, orders and hiring, these issues are depressing investment plans across the board."Whichever political party wins Britain's Dec. 12 national election ensure the country leaves the European Union with a transition deal and then push ahead with negotiations for a new, lo
As well as hitting output, orders and hiring, these issues are depressing investment plans across the board.“As a first step to lifting the malaise, the next government must get behind business to deliver on a Brexit deal, particularly one that unlocks a smooth transition period.
Figures from IHS Markit/CIPS UK manufacturing purchasing managers' index (PMI) showed factories’ output shrinking month on month.Data shows businesses hurting across the UK economy from retail to manufacturing to professional services, with Brexit uncertainty continuing to hit business sentiment
The Item Club’s report, to be published this week, is particularly gloomy on business investment, which it says will drop by 1.3% this year.It adds that there will not be any Brexit “deal bounce” next year, when business investment is…
The downturn in overall business activity and demand suggests the Reserve Bank of India might need to ease policy again, on top of the cumulative 135 basis points of rate cuts delivered this year."PMI data for October showed a continuation of manufacturing sector weakness in India, with sales gr
Activity edged down month on month, according to the purchasing managers’ index, a closely watched survey of businesses.A surge in stockpiling before the now-cancelled Brexit deadline of October 31 helped stem a slump in manufacturing last month, providing short-lived relief for an industry batt
4) Some of Britain’s most prominent business leaders branded Jeremy Corbyn “clueless” and said he has led “a narrow life” after the Labour leader attacked them in an election campaign speech.Financier Crispin Odey and Sports Direct boss Mike Ashley hit back at the Labour leader when he accused t
The report warned that the UK’s fiscal competitiveness for banking business has slipped relative to other global financial centres, with London having a higher total tax rate for a typical corporate and investment bank when compared with financial rivals New York and Frankfurt.Sector-specific po
Market volatility, stemming from the US-China trade war, protests in Hong Kong and Brexit uncertainty, led to more customers betting on stock fluctuations.Read more: Pre-tax profit at online trader Plus500 plunges by 50 per cent EBITDA for the contracts-for-difference trader was $70.1m (£54.4m)
: British house prices, which have almost flat-lined ahead of , grew a bit more quickly in October, a survey from mortgage lender Nationwide showed.
Britain’s housing market remained subdued in the build-up to this month’s Brexit deadline, with both house prices and mortgage approvals almost flat-lining.Separate figures from the Bank of England showed that only 65,919 mortgages were approved for house purchase in September, a 0.6 per cent in
Jonathan Samuels, chief executive of property lender Octane Capital, said: "Just like Parliament, the property market is rudderless.The building society said high employment and low borrowing costs are offsetting a bigger slowdown, with more than 95% of borrowers opting for fixed rate mortgages
"The sheer level of political uncertainty has left the property market in a protracted limbo [but] demand is being powered by cheap mortgages, a strong jobs market and a growing indifference to political events."Robert Gardner, Nationwide's chief economist, said that the number of people in work
It would be the third rate cut this year.Hope for an improving US-China trade relationship appears to be driving optimism in the markets.On Monday during US hours, President Donald Trump told reporters that the United States is ahead of schedule in terms of signing a trade deal.Stocks tr
Tue, Oct 29, 2019 - 10:05 AM [HONG KONG] Hong Kong stocks opened on a strong note on Tuesday on optimism over China-US trade talks and hopes for another Federal Reserve interest rate cut.
If it’s a pause sharemarket investors are going to be unhappy because this has been a bullmarket built on the absence of alternatives, with very low rates forcing investors to accept more risk in order to generate any meaningful returns.The trade war is in ceasefire mode, with negotiations for a
“The market seems to be saying that between central bank easing and the steps towards enough of a trade agreement to stop tariffs from going up, the world economy is going to stabilize,” said LBBW’s Karl Haeling.“The decision to provide an extension must be seen as a positive thing, given how cl
Asian Shares Boosted by Trade Deal Optimism, European Stocks Mixed after Brexit Extension Announcement
The U.K. will now be able to leave the EU at any point before January 31 providing British Prime Minister Boris Johnson can secure approval from Parliament on his exit deal.However, trader reaction was muted with most investors focused on corporate earnings.Asian shares traded higher on the
At the conclusion of its two-day policy meeting on Wednesday, the Federal Open Market Committee is widely expected to cut interest rates by 25 basis points for the third time this year.From a technical lens, we broke a couple pretty significant support points, which suggests that 10s could sell
The tech-heavy Shenzhen Composite Index jumped 1.6 per cent after Chinese state news reported Mr Xi as saying China would boost investment in blockchain technology and speed up its development.HONG KONG • Asian markets rallied yesterday after China and the United States said they were close to a
The Fed may be cutting rates, but Treasury yields are rising because long bond traders are liquidating long hedge positions because of improving risk conditions.Gold may have to test the major value zone at $1489.10 to $1471.00 before new buyers show up to stop the price slide.Gold traders a
Investor attention shifted to corporate earnings as tension eased after Washington and Beijing resumed negotiations.The US Treasury is due to report which governments are deemed to manipulate their currencies to boost exports, a designation that can trigger penalties.Beijing: Asian stock mar
Market participants are now gearing up for the Federal Open Market Committee’s meeting Tuesday and Wednesday, amid expectations for the U.S. central bank to lower rates for a third time this year.“Clearly the month’s trade developments and positive Brexit news has helped adjust market concerns a
Without a clear look into the actual freight rates from South East Asia, 2020 might well form a crucial juncture for the movement of economies either away from, or back into China.In terms of freight rates, e-commerce shipments continue to spike and dump prices by up to 22% (Shanghai to London).
According to a report from the Peterson Institute for International Economics, by the end of 2018, “stock volume of China’s non-financial ODI (outbound direct investment) in Hong Kong reached US$622 billion.” In 2018, the stock volume was 170% of Hong Kong’s total GDP.A complete trade resolution
Save it to your desktop, read it on your tablet, or email to your colleagues.Image used with permission from Miami Herbert Business School I was born in London, attended primary school in Australia, took my undergraduate degree at Oxford abs graduate degrees in the USA.In this interview, Joh
There are still major questions over whether the second phase of a deal will ever happen.In a sign that not all issues had been resolved, USTR said discussions “will go on continuously at the deputy level” with Lighthizer and Mnuchin due to speak with Liu again “in the near future.” China’s statemen
U.S. government-bond yields rose Monday, extending their recent climb as traders prepared for a busy week highlighted by a Federal Reserve meeting and several top-tier economic-data releases.Yields, which rise when bond prices fall, moved...
They are still up 17% for the year, supported by bets on lower interest rates that make gold more attractive to yield-seeking investors who are less likely to miss out on outsize...Most-active Comex gold futures for December delivery slid 0.6% to $1,495.80 a troy ounce Monday, staying more than
Market participants are now gearing up for the Federal Open Market Committee's meeting for the Oct. 29-30, amid expectations for the U.S. central bank to lower rates for a third time this year."Clearly the month's trade developments and positive Brexit news has helped adjust market concerns abou
Expectations are growing that PM Boris Johnson will win a general election and eventually get his deal passed through, however the overall outlook for the UK economy will probably be much weaker than investors initially anticipated.This ends the risk of a no-deal Brexit this Thursday, but uncert
Insight Investment's Gautam Khanna: Low interest rates can hurt you -- here is what you need to know
LIBERTY VITTERT: A STATISTICIAN’S GUIDE TO LIFE — WHAT ONLINE ‘AVERAGE’ CUSTOMER REVIEWS REALLY MEAN An aging population also means that the owners of capital increasingly prefer security and capital preservation to growth (which is a reason why fixed income has steadily grown in terms of inflows, a
AUD/USD and NZD/USD Fundamental Weekly Forecast – Geopolitics, Economic Data, Fed Rate Decision Drives Price ...
“The AUD is now likely to be driven more by the domestic economic outlook and relative monetary policy trends and less by the global risk factors such as equities.Later in the week, U.K. lawmakers voted to reject a limited time frame for reviewing legislation related to Britain’s withdrawal from
David Walliams and Matt Lucas will be reuniting for a radio version of the comedy, 12 years after the show last aired on TV.The original character-based sketch show gently mocked different classes of British society, taking its inspiration from the phrase 'little Englander'.:: Listen to the
Digital Spy is launching a newsletter – sign up to get it sent straight to your inbox.Just hit 'Like' on our Digital Spy Facebook page and 'Follow' on our @digitalspy Instagram and Twitter accounts.Little Brexit will broadcast at 6.30pm on Thursday, October 31 on BBC Radio 4.The one-off
The research firm agrees the Fed is likely to pause after Wednesday’s rate cut but probably won’t signal that intention in its statement or in Powell’s press conference to avoid roiling stock and bond markets.That gives the Fed the option to lower rates “but doesn’t box them in,” Feroli says.<br
If the U.S. economy is “in a good place,” as Fed officials are wont to say, and the rate cuts were a form of insurance, the Fed will have to sort out just how much insurance is necessary to offset the risks.Now, it’s important to remember that the Federal Open Market Committee consists of seven
With the Brexit fog starting to dissipate and so much growth gloom already priced in, it might just be time for investors to turn a blind eye to bank margins and focus on the positives.Presumably unwilling to die in a ditch, Johnson is still holding out hope that parliament will pass his Brexit
Fortunately, that optimism appeared to filter through to oil traders in the back half of last week, prompting a move back above $60 in Brent to its highest point in more than a month.The break below $1,480 late last month looked to be a clear signal that gold had entered into correction mode, a
5) US health giant Acadia is plotting a break up of Priory Group, best known for its £5,000-a-week celebrity rehab in West London used by model Kate Moss and actor Johnny Depp.“Investors will be looking for the specific impact on HSBC caused by the political unrest in Hong Kong,” said analysts a
Italian bonds underperformed the euro area, with Italy's 10-year yield up 7 bps at 1.12%.Key benchmark German 10-year bond yields rose as much as 4 basis points to -0.34%.LONDON, Oct 28 (Reuters) - Euro zone bond yields rose in early trading on Monday after a French source close to President
But fans are divided over whether the revival is a good idea: Announcing the Little Brexit special, Sioned Wiliam, commissioning editor for Radio 4 comedy, said: “Matt Lucas and David Walliams are uniquely talented writers and performers as well as one of the UK’s most loved comedy duos.Little B
Original cast members Ruth Jones and Anthony Head, and narrator Tom Baker, will also be taking part.Sioned Wiliam, commissioning editor for Radio 4 comedy, said: “Matt Lucas and David Walliams are uniquely talented writers and performers as well as one of the UK’s most loved comedy duos.The
81% of retail investor accounts lose money when spread betting or trading CFDs.
While the United States and China declared another truce and odds fell that Britain will crash out of the European Union, any improvements are as liable to be suddenly dashed as lead to success.Lost export markets, weak demand and uncertainty could lead to a drawn-out slump in business investmen
Little Britain first started on Radio 4 in 2000 before moving to screen on BBC Three and later BBC One.Matt Lucas and David Walliams will reunite to bring Little Britain back to Radio 4 this year, it's been announced.Joining Matt and David will be original cast members Ruth Jones and Anthony
Even so, investors expect the Fed to once again issue an "insurance" cut that protects against negative fallout from the trade war and global economic slowdown.
More than three years after Britons voted in a referendum to quit the EU, the country and its parliament remain divided over how, when and even whether to leave, and the matter has triggered a spiralling political crisis in the UK.Sterling edged lower versus the dollar and the euro, with an agre
President Donald Trump and his closest economic advisers believe the economy can–and should–grow much fast than the Fed’s long-term forecast.So do not expect the president to lay off the Fed this week.The CME Group’s FedWatch tool currently assigns a 94 percent chance of a quarter-point cut
When the Fed made the first of the three rate cuts in July Powell tried to frame the reductions as a "mid-cycle adjustment" and as insurance against the fallout from the US trade war with China and a global economic slowdown rather than the start of a prolonged easing cycle.A prolonged cycle of