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2008
US GDP Contracts 0.5%
Wed, 24 Dec 08 06:00 am
The US economy contracted 0.5% in the third quarter sending global equity markets lower yesterday. The US accounts for 25% of global GDP and economic contraction there has significant implications for global market confidence. Otherwise, market movement is limited due to the holiday period.
Darling's PBR Boosts UK Markets
Tue, 23 Dec 08 06:00 am
Darling's Pre-Budget Report was released yesterday, detailing a £20 billion government plan to stave of deep recession by cutting taxes and increasing government spending in the short term. The Report was met with criticism by the opposition for its 'eye-watering' figures, as government borrowing is set to reach £118 billion next year.
UK GDP contracts 0.6%
Tue, 23 Dec 08 06:00 am
GDP figures this morning show a 0.6% contraction in the UK economy for the third quarter and new mortgage approval figures have declined to 17.773k for November. US equity markets have weakened after the S&P index labelled General Motors with a 'high likelihood' of bankruptcy.
$17.4 billion for US Automobile Industry
Mon, 22 Dec 08 06:00 am
The announcement of a $17.4 billion rescue package for the US automobile industry sent the US Dollar and equity markets higher on Friday. Despite bouncing from all time lows against the Euro, Sterling remains weak in the run up to third quarter GDP statistics released tomorrow and Japan has announced the largest export sector contraction on record.
Euro Rebounds as ECB Speaks Out
Fri, 19 Dec 08 06:00 am
The Euro rebounded yesterday from its 6 month low against the Dollar as ECB executive claims talk of interest rate cuts is premature.
Japan cuts rates to 0.1%
Fri, 19 Dec 08 06:00 am
The Japanese Central Bank slashed interest rates to 0.1% yesterday and the Pound slid further towards parity, hitting 1.0464 against the Euro as official figures revealed the extent of government budget deficits in the UK.
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Election poll pushes pound against dollar
Fri, 12 Mar 10, 10:24
Sterling rose against the dollar and was steady versus the euro today after an opinion poll suggested that May’s general election would give the Conservatives an outright majority.