Finance

US Inflation & US Retail Sales for June

US inflation (Consumer Price Index) for June remains unchanged at 1.5% – data from the US Bureau of Labor Statistics shows and US retail sales for June fell unexpectedly for a second month in a row – data from the US Commerce Department.

Finance

Tokyo Stock Exchange Closed

Just a reminder that the Tokyo Stock Exchange will be closed on Monday 17th July 2017 for national holiday – Japan Marine Day. And for your information – Marine day is a holiday time used by Japan to reflect on the importance of the ocean as an island nation. So …

Finance

US company reporting season kicks-off!

The US reporting season gets underway today with banks: Citigroup, J P Morgan Chase & Wells Fargo reporting first . The DOW Jones is hovering at record high – let’s see what effect these results have over the next week or so… DOW 30 to go through 21600 or drop …

Finance

EasyJet Post BREXIT plan

EasyJet is making contingency plans for post-BREXIT. The company is to establish a new airline, EasyJetEurope. Regardless of the outcome of UK-EU BREXIT negotiations – this plan will permit EasyJet to continue to operate flights across Europe unaffected when the UK leaves the EU. EasyJet PLC (EZJ) share price as …

Finance

Carillion

Very tough week for Carillion – share price down 70% after a performance warning – (although I notice this morning it has picked up a little). I’ll be perfectly honest with you, I didn’t know much about this FTSE250 company, I still don’t – but I intend to do some …

Finance

UK Productivity and low interest rates

I have a question… We have low interest rates and therefore access to cheap money – businesses have enjoyed this benefit for years. We see reports suggesting businesses are doing well – look at the recent market highs – yet productivity is still very low, much lower than it should …

Finance

Indian Markets

Intra-day record highs were reached in Indian markets. The SENSEX went above 32000 and the NIFTY 9900 for the first time – both retreated. Most Asian markets made gains following Wall Street. The Federal Reserve indicated that interest rate rises would be gradual – the markets generally reacted positively to …

Finance

Brexit: UK’s Repeal Bill Published

The repeal bill will ensure that EU laws adopted by the UK will be converted into British law. Parliament will then have the power to change them later. If the bill is not passed then there will be no laws after BREXIT. This bill is going to have a difficult …

Finance

Bank lending to be cut back?

A Credit Conditions Survey report published by the Bank of England seems to suggest that lenders may introduce a reduction in mortgage availability to house buyers – especially for buyers with smaller deposits – making low deposit mortgages more difficult to obtain. Cheap credit card deals may also be more …

Finance

Canada Interest Rate Rise

The Bank of Canada has raised its interest rate to 0.75% for the first in almost seven years. The economy is performing well and less stimulus is needed to maintain momentum.