Euro-zone GDP growth was revised down to 0.4% in the updated flash Q4 reading from the provisional 0.5% which will tend to dampen expectations that the Euro-zone economy is gaining momentum.
There was also a weaker than expected reading for the German ZEW investor sentiment index, although the overall market impact was limited.
Independent Central Banks The concept that has served the USA and the wider world so well for more than 8 decades is being tested in respect of the Federal Reserve by POTUS and the financial world is largely so far, complacent. Distinguished economist Paul Krugman wrote an excellent piece yesterday and his conclusion, other than […]
Jackson Hole This week’s annual gathering of top global economists and policy makers at the Wyoming resort will be more than usually closely followed by markets. The big event is on Friday when Fed Chair Powell will speak. Mostly the expectation is that Jerome Powell will adopt a less hawkish tone and will signal the […]
532,046 That was the number of members of the Labour Party at its peak in 2019. By the end of 2024, after Sir Keir and his team had won an election and placed their stamp on the UK, that number had fallen to 333,235. This together with the flagging Conservative Party represents the widespread disillusionment […]