www.youtube.com/watch?v=ywL8Pyg2PGs A cold helplessness swept throughout the global economy as manufacturing PMI’s simultaneously disappointed, some in spectacular fashion. Manufacturing PMI data for China fell to 49.2 from 50.1 with Markit PMI falling to 47.6, (measures small cap manufacturing) the lowest levels since the global crisis began. The Chinese have not...
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World First Morning Update 4th September: Manufacturing data paints a snap shot of a struggling global economy
World First Morning Update 3rd September: Spanish banking crisis takes a positive step forward
www.youtube.com/watch?v=W6QXoTXDNp4 In a similar fashion to last week, the week in waiting is geared towards the ECB meeting this coming...
World First Morning Update 31st August: To ease or not to ease – that is the question
www.youtube.com/watch?v=28YkIucgU2E The most constructive return seen yesterday from European heads of state was the air miles clocked up on the...
World First Morning Update 30th August: They sicken of the calm, those who know the storm
It’s a good thing that the Jackson Hole symposium is taking place tomorrow or I would really worry about...
World First Morning Update 29th August: Draghi “workload” excuse disappoints markets
The news that the Jackson Hole symposium starting Friday would be missing one particular central banker came as a...
World First Morning Update 28th August: Doldrums to end
This week should be the week in which global markets start to exit the doldrums period that they have...
World First Morning Update 24th August: UK GDP to be revised higher
Today’s revision to the UK GDP figure for Q2 should bring the number back closer to reality from the...
World First Morning Update 23rd August: Dollar smashed as market bets on September Fed easing
Markets have been supported overnight by the latest minutes from the Federal Reserve that were more dovish than most...
World First Morning Update 22nd August: Samaras to meet Juncker as euro battles higher
It was a perfect storm for those betting against the single currency yesterday as comment, bond auctions and other...