UK economy was relegated to seventh place in the G7 league for 2017, but some hope was revealed in the latest data.
The recent sell-off in stock markets seems to have occurred because of fears that the recent run of strong data on the US economy may precipitate more hikes in US interest rates than previously expected. Yesterday, the FED (US central bank) spoke, and the fears seem to have been confirmed.
The data is in, for UK plc, it is by no means a disaster, the figures are not awful – but it is clear, amongst all the EU countries for which we have data, the UK was the slowest growing economy in the EU last year.
The latest figures on US inflation are out, and they add substance to the fears that underpinned recent falls in stock markets – the data may point to a significant change in the US economy.
It’s been quite the start to the year: with stock markets beginning 2018 as they finished 2017, setting new records, then tumbling, then recovering a little, then falling some more. One underlying driver sits behind it all.
Posted on 12th February 2018 in City News.
Super Thursday was not that super, but higher interest rates are coming sooner than we thought.
Posted on 9th February 2018 in City News.
Recent stock market falls are nothing to be worried about, we are told, normal service is about to be restored, as markets regain their upwards trajectory, but is such a view right? There is at least one good reason to think it isn’t.
Posted on 7th February 2018 in City News.
The latest purchasing managers indexes tracking the US economy are out, and they are good, really good. Yet stock markets tumble. What is going on?
Posted on 6th February 2018 in City News.