Month: February 2020

IHS Markit’s UK Construction PMI went up to 48.4 last month, after being at 44.4 in December, showing a slower pace of contraction and a recovering sector. The figure shows how both home building and commercial activity related to the sector went down at a slower pace from the previous […]

Global stock markets were broadly higher on Tuesday afternoon in Asia as Chinese government officials worked hard to quell the panic that has been rising worldwide surrounding the coronavirus which has now killed close to 500 people in just over a month. South Korea’s Kospi lead the gains, surging 1.76 […]

The Pound Sterling was sharply lower during London trading on Monday after the Prime Minister set out what some are calling tough terms for the upcoming talks between the UK and EU. That has rekindled concerns that Britain could conclude the transition period without a workable trade agreement. Boris Johnson […]

The European Central Bank’s chief economist Philip Lane stated that rising labor costs will eventually affect the Eurozone inflation levels moving it closer to the bank’s 2 percent target. “The fraction of the price level which is most likely to be influenced by wage pressures is moving closer toward the […]

Oil markets reacted negatively to the news coming out of China regarding the spread and the consequences of the Coronavirus outbreak. According to recent data, Chinese economic activity is currently being affected by the epidemic. Factor activity kept steady in January while export orders fell. Besides what we’ve already mentioned […]