europe

January 9, 2019
Banking , Markets
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Powell says Fed ‘will be patient’ with monetary policy as it watches how economy performs.

KEY POINTS Fed Chairman Jerome Powell said the central bank will be “patient” in its approach to monetary policy. “There is no preset path” for raising rates or adjusting the balance sheet, Powell said during a roundtable with former Fed chairs Janet Yellen and Ben Bernanke. Powell said the ...

October 3, 2018
Economy
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UK economy suffers weakest six months since 2011.

The British economy has suffered its weakest six-month growth period since 2011, as the figure for the first quarter was revised lower. While the second reading for gross domestic product (GDP) confirmed initial estimates of 0.4% for the second quarter, the Office for National Statistics (ONS) said ...

June 29, 2018
Economy , Markets
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Economic Snapshot for the Euro Area: Growth cools sharply at the start of 2018.

Comprehensive GDP data confirmed that growth slid in the Eurozone economy at the start of the year. GDP increased a seasonally-adjusted 0.4% over the previous quarter in Q1, down from Q4 2017’s solid 0.7% rise. A weak performance by the external sector drove the downbeat reading, as exports contra...

September 22, 2017
Politics
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Why the German election has room for a negative surprise.

Merkel will need a coalition partner or two and all alternatives don’t look like a walk in the park. Many observers suggest that it could take as long as 100 days to form a government. For many the German elections are a done deal. Chancellor Angela Merkel will win and Germany will once...

September 22, 2017
Economy , Politics
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EU Unyielding on Brexit Leaves May With One Choice: Pay the Bill.

Theresa May’s European Union counterparts are adamant that the U.K. must agree on a financial settlement with the bloc before talks can proceed to trade, according to a survey of the EU’s 27 other members that reveals the depth of resistance to British calls for flexibility. As May prepares to u...

September 5, 2017
Economy
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Euro Area Poised for Fastest Economic Expansion in a Decade.

Composite PMI held at 55.7 in August vs 55.8 flash estimate IHS Markit predicts GDP will increase 0.6% in second quarter Euro-area economic growth remained solid in August even as services activity slowed, according to IHS Markit. A composite Purchasing Managers’ Index held at 55.7 last mon...

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