The full text of the latest IMF World Economic Outlook has been released. Here are the highlights of changes in growth estimates. US growth was slashed by 1.1 pp while Spanish and UK growth for this year and next were … Continue reading
2015 estimate unchanged at 4.0% using updated purchasing power parity weights (Whatever the hell that is) Advanced economies growth lowered also to 1.8% from 2.2% for 2014. 2015 at 2.4% Emerging markets growth cut to 4.4% from 4.8% for 2014. … Continue reading
Ukraine Prime Minister Arseniy Yatsenyuk has resigned and is calling for new elections. Ukrainian Prime Minister Arseny Yatseniuk tendered his resignation on Thursday to parliament after upbraiding politicians for failing to pass laws on energy and on the budget to … Continue reading
West Africa is in the midst of the world’s worst-ever outbreak of ebola but it could be about to get much worse. A Liberian man in Lagos, Nigeria (population 21 million) is being tested for ebola.
The latest is from former State Dept adviser David Phillips who says Putin should be investigated for war crimes and crimes against humanity for the downed Malaysian flight. Really!? Of all the heinous bombings of civilians and military crimes in … Continue reading
Highlights of the June new home sales report: Prior reading was 504K (revised to 442K) Sales down 8.1% compared to -5.8% exp Northeast -20%, Midwest -8.2%, South -9.5%, West -1.9% Supply at 5.8 months, highest since Oct 2011 There were … Continue reading
Prior 57.3 Output 60.4 vs 61.0 prior Employment 52.1 vs 54.0 prior, lowest since September A drop back this month after soaring to a 4 year high last month. The sector is still showing good expansion so there’s nothing to … Continue reading
The S&P 500 hit a record 1989.26 moments after the open, up 2 points on the day and fractionally above yesterday’s high. The market is wading through a mass of corporate earnings along with the upbeat jobless claims data.
Down to 1.6984 we are and we always find support and resistance around the 80 number in cable. We’re close to challenging the mild support at 1.6965/70 ahead of stronger at 1.6940/50 that I highlighted earlier. The pound is in … Continue reading
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