Uber update! Uber is reported to be under FBI investigation for allegedly using software against its competitors. See Wall Street Journal report here for more details. Uber never seems far from controversy?    

Shares in Thomas Cook fall after pilots strike. The shares in Thomas Cook Group PLC (TCG) a FTSE 250 company fell 2.7% at 120.55 today (08/09/17). Pilots followed through on planned strike action over pay. This is quite significant as it is the first strike action taken by UK pilots …

Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …

Is the UK economy stuck? If the data released from The British Chambers of Commerce is correct then, yes! The gloomy picture painted suggests the UK economy growth in 2018 will be the weakest since the 2088/2009 recession. The British Chambers of Commerce say the UK economy as a whole …

US tax reform by end of year? How likely is it that US tax reforms will come to fruition by the end of 2017? I notice US treasury secretary has indicated that President Donald Trump’s tax reforms will be passed by congress. Is this elusive or likely? Originally US corporation …

US debt deal boosts Asian markets The news of Donald Trump’s short term deal to raise the US governments debt limit helped markets in Asia.

European Central Bank (ECB) September 2017 meeting Summary European Central Bank (ECB) leaves rates and bond-buying programme unchanged. Mario Draghi said Eurozone interest rates will remain at current levels for an extended period of time and well past the horizon of net asset purchases. It appears that now is not …

Wall Street lifts on debt ceiling deal. US President Donald Trump agreed a deal to extend the debt ceiling with the Democrats. On 6th September congressional leaders and Donald Trump agreed to pass an extension of the debt limit until 15th December 2017. This came after Donald Trump threatened to …

FTSE 100 down after service sector data The FTSE 100 closed down today (05/09/17) at: 7372 after a survey suggested service sector growth had slowed. North Korea’s nuclear test continues to bear heavy on global politics and therefore financial markets.

Asian stocks slip After Fridays small gains Asian stock slip back again. The news of North Korea testing a nuclear device saw Japan’s NIKKEI close down at: 19527 and Hong Kong’s Hang Seng index also close down at: 27740 Wall Street is closed Monday 4th September for Labor Day!   …