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Euro zone inflation slows in September on cheaper energy

Euro zone inflation slows in September on cheaper energy Euro zone inflation slowed further year-on-year in September because of cheaper energy, new figures showed today. But the core measure excluding such volatile components rose, the first estimate from the European Union’s statistics office Eurostat showed. The numbers underline the difference of opinion over the state […]

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Jobless rate steady at 5.3% in September despite Brexit concerns

Jobless rate steady at 5.3% in September despite Brexit concerns New figures from the Central Statistics Office show that the unemployment rate remained at 5.3% in September compared to August. The jobless rate has crept higher in recent months due to Brexit concerns, but it is still very low compared to the financial crisis when […]

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Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data. The results will underscore concerns about Europe Inc’s deteriorating health. Companies listed on the STOXX 600 regional […]

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Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data. The results will underscore concerns about Europe Inc’s deteriorating health. Companies listed on the STOXX 600 regional […]

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Manufacturing sector contracts for fourth month in a row – PMI

Manufacturing sector contracts for fourth month in a row – PMI Factory activity shrank for the fourth successive month in September and is stuck around levels posted in July and August as a global manufacturing slowdown and Brexit uncertainty weigh on demand. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) stood at 48.7 in […]

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Sterling dips to one-month lows as Brexit nerves hit

Sterling dips to one-month lows as Brexit nerves hit The British pound extended losses today, plunging through technical support levels to a one-month low against the dollar as traders became increasingly nervous about Britain crashing out of the European Union at the end of the month. Broad-based dollar strength also contributed to the falls,analysts said. […]

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Central Bank urges no-deal Brexit checks with financial services firms

Central Bank urges no-deal Brexit checks with financial services firms The Central Bank has urged customers of financial services companies to take steps to ensure those firms are ready for the consequences of a no-deal Brexit. The regulator has also warned there will inevitably be some negative impact on consumers where firms have not prepared […]

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Weak US business investment, tepid profits cast shadow on economy

Weak US business investment, tepid profits cast shadow on economy US business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid. Today’s new figures cast a shadow on an economy that is being stalked by financial market fears of a recession. Weak business spending, which has been […]

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Sterling extends losses as Brexit impasse prevails

Sterling extends losses as Brexit impasse prevails Sterling fell today for a second day in a row, as investors waited for parliament’s next step to break the Brexit impasse and opposition leaders gathered to discuss tactics. The European Union’s Brexit negotiator, Michel Barnier, said Britain had yet to provide “legal and operational” proposals for an […]

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Retail sales rebound in August – CSO

Retail sales rebound in August – CSO Retail sales increased 2.1% in August on an annual basis, new figures from the Central Statistics Office show today. On a monthly basis, the CSO said that retail sales jumped by 5.7% in August compared to July. Excluding the motor trade, which has been very volatile in recent […]

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