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.
Friday night US Markets There was an element of the US stock market temporarily running out of oxygen at the heady heights that it had reached and looking for an excuse to take profits/sell. That excuse was provided in spades by POTUS who pronounced that he would implement much higher tariffs against China. That was […]
UK Growth To refresh your memories, UK Growth fell 0.1% in July and the hope or more accurately the expectation was that July was an aberration which would be rectified when the men with the clipboards reported on UK Growth for August. In the case of Chancellor Reeves, that expectation was rather more of a prayer […]
World’s wealthiest non USA person That title belongs of course to the suave 76 year old Frenchman Bernard Arnault whose LVMH shares have suffered of late on the back of France’s economic and political woes combined with POTUS’ tariffs that had walloped the outlook for French luxury goods in the US market. On Wednesday of […]