19 July, 2018
The UK retail sales data may have dealt another major blow to the Bank of England’s hopes of raising interest rates in August. The Office for National Statistics said sales slumped by 0.5% between May and June, well below expectations of a 0.2% rise...
European stocks fell today, while investors monitored the next batch of corporate reports and political events. The German DAX stock index is trading at 12.715 level, down 0.39% on the day. Still, the DAX has gained 1.4% this week...
The single currency was pressured by stronger dollar, with EUR/USD losing 0.31% to trade at 1.1602. The euro sell-off resumed on Wednesday after core inflation surprised on the downside in June, casting fresh doubt over whether the European Central Bank will really be able to end its quantitative easing program this year...
Brexit will be held on March 29, 2019, after which, according to the plan, there should be a transition period, which will last until December 31, 2020. So far it is unclear what sort of EU market access financial firms in Britain will have after the transition period ends...
It is reported, that the European Union could introduce tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars...
US trade protectionism continues to affect other countries. As it became known, Japan's exports to the United States fell for the first time in 17 months in June and Japanese business sentiment rose amid increased fears of the global trade war...
18 July, 2018
British inflation unexpectedly held steady in June, clouding market confidence about a Bank of England interest rate hike next month. The Office for National Statistics reported, that the annual rate of inflation rose by 2.4%in June, matching May's figure which was a one-year low and falling short of expectations for an increase of 2.6%...
European stocks rose today, continuing the positive sentiment observed on Wall Street. The German DAX stock index rose by 0.71% to trade at 12.750 level...
Euro fell by 0.37% against US dollar today. The EUR/USD pair is trading at 1.1619 (the lowest level in 2 weeks). US dollar remains supported by yesterday's speech of Fed Chair Jerome Powell. Today, Jerome Powell will testify before the House Financial Services Committee...
Inflation rate in the Eurozone rose in June. The highest contribution to the annual euro area inflation rate came from energy costs, followed by services and food, alcohol and tobacco prices...
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