The US President Donald Trump is eager to take security measures ASAP by hiring 5K more agents and taking control over refugees.
Britain's manufacturing production declined at a seasonally adjusted rate of 0.9% month-over-month in July, compared to June's upwardly revised fall of 0.2%, while analysts expected output to contract 0.4% in the reported month. On an annual basis, manufacturing production in the UK rose 0.8% in July, following June's downwardly revised gain of 0.6% and falling behind the 1.6% market forecast.
West Texas Intermediate futures traded 0.95% higher at $44.86 per barrel, whereas Brent futures dropped 0.52%, trading at $47.38 per barrel by 12:00 GMT on the London Stock Exchange on Tuesday. Meanwhile, gold prices rose 0.73% to trade at $1,336.0 per troy ounce, and silver prices grew 1.47% to trade at $19.65 per ounce.
German factory orders grew less than expected in August, official figures revealed on Tuesday. According to the German Federal Ministry of Economics and Technology's report German factory orders jumped to a seasonally adjusted 0.2% in August from July's upwardly revised drop of 0.3%. Meanwhile, market analysts expected the country's factory orders to rise 0.5% in the reported month.
The Euro zone's economy expanded 0.3% on a seasonally adjusted basis in the Q2, down from last quarter's 0.6% hike, but in line with analysts' expectations. On an annual basis, the region's GDP grew 1.6%, meeting projections. After the release, the Euro was trading at 1.1163 against the US Dollar, 115.40 against the Japanese Yen and 0.8370 against the British
West Texas Intermediate futures traded 1.31% higher at $45.02 per barrel on Monday, whereas Brent futures advanced 0.94% to trade at $47.27 per barrel by 14:00 GMT on the London Stock Exchange after Russia and Saudi Arabia agreed to act together and try to stabilise oil prices. OPEC and non-OPEC countries are set discuss a oil production freeze at the
Growth in the Euro zone's private sector remained relatively steady in August, according to Markit economics. The headline composite PMI came in at 52.9 in the reported month, following July's 53.2 points and falling behind the 53.3 market forecast. Meanwhile, the services PMI registered 52.8 in August, down from July's 52.9 and below the 53.1 market forecast.
Services activity in the Euro zone's largest economy, Germany, expanded last month, a survey from Makit Economics revealed on Monday. The services PMI for Germany rose to 51.7 in August from July's 54.4, falling behind the 53.3 market forecast. Meanwhile, the composite PMI came in at 53.3 in the same month, following July's 55.3 and missing the 54.4 forecast.
Chinese imports showed a 12.5% plunge in July, causing the trade surplus to reach $48.11 billion, which topped market expectations of a $48.00 billion surplus. Exports dropped by 4.4% and missed expectations of a 3.2% upsurge, continuing the gloomy pattern for the fourth consecutive month, which might hint trouble for the world's second largest economy.
The PCE Price Index, Fed's preferred indicator for gauging inflation, remained steady in June, fresh data showed on Tuesday. Excluding food and energy, the Index rose 1.6% year-over-year in June, unchanged from the previous month and in line with expectations. Month-over-month, the core PCE jumped 0.1% in the reported month, down from the 0.2% rise seen in May.
Activity in Britain's construction industry dropped in July amid the country's decision to leave the European Union, official data showed on Tuesday. The Markit/CIPS construction PMI declined to 45.9 points in the reported month, compared to June's reading of 46.0, whereas economic desks anticipated a steeper drop to 42.4 in July.
As markets expected, the Reserve Bank of Australia cut its key interest rate by 25 basis points to a fresh record low of 1.50% at its August monetary policy meeting on Tuesday, as official data last week showed core inflation hit 1.5% in the Q2, below the central bank's 2% to 3% target level. The RBA also mentioned the strong
Australia's trade balance dropped unexpectedly in the sixth month of the year, official figures from the Australian Bureau of Statistics showed on Tuesday. The country's trade deficit widened to A$3.2 billion in June, whereas May's trade gap was revised down to A$2.4 billion from the originally reported reading of A$2.2. Market analysts expected Australia's trade balance to increase to A$2.0
Growth in Britain's manufacturing sector slowed sharply in July, the final Markit UK Manufacturing PMI revealed on Monday. The Purchasing Managers' Index came in at 48.2 points, down from the preliminary reading of 49.1 and last month's 52.1 final result, which was the highest since January. Market analysts expected the Index to remain unchanged from the flash estimate.
According to official data published on Monday, the final Markit Euro zone Manufacturing PMI came in at 52.0 in July, slightly up from 51.9 in the preliminary estimate, but falling behind 52.8 points seen in the previous month. In the meantime, economic desks anticipated the final PMI to remain unchanged from the flash reading.
The final Markit Manufacturing PMI for the Euro zone's largest economy, Germany, rose to 53.8 points in July from the preliminary reading of 53.7, following last month's final figure of 54.5, official data showed on Monday. Meanwhile, market analysts expected the final reading to be in line with the flash estimate.
The number of Americans filing for unemployment aid dropped to 253,000 in the week ended July 16, slightly lower than the previous week's reading of 254,000, whereas market analysts anticipated an increase to 265,000 in the reported week, according to fresh figures released by the Department of Labor on Thursday.
UK retail sales dropped 0.9% on a monthly seasonally adjusted basis in June, following the previous month's gain of 0.9%, whereas analysts anticipated a decrease of 0.3% in the reported month. On an annual basis, retail sales rose 4.3% in June, falling behind the 5.2% market forecast, while May's reading was revised down to 5.7% from the originally reported 6.0%.
Wall Street opened higher on Wednesday, helped by rising overseas stocks. At the session start, the S&P 500 Index gained 0.24%, opening at 2,164.00, whereas the Dow Jones Industrial Average Index advanced 0.29% to open at 18,533.75 points, and the Nasdaq Composite Index increased 0.26% to start at 5,052.02 points.
West Texas Intermediate futures traded 0.90% lower at $44.25 per barrel, whereas Brent futures traded 0.34% lower at $46.50 per barrel by 12:50 GMT on Wednesday. Meanwhile, gold prices dropped 1.17%, trading at $1,316.70 per troy ounce, and silver prices fall 2.13%, trading at $19.58 per ounce.
Switzerland's economy entered the Q3 2016 with a downgraded growth forecast. A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's Economic Sentiment Index dropped to 5.9 in July, following the previous month's reading of 19.4 points, its best result since February 2014.
The unemployment rate in Britain fall to 4.9% in May, almost in line with the previous month's reading of 5.0%, the Office for National Statistics said on Wednesday. Meanwhile, average weekly earnings posted an increase of 2.2% not including bonuses in May, while the indicator rose 2.3% including bonuses. The number of people filing for unemployment aid grew by 400
Wall Street opened slightly lower on Tuesday, ignoring housing data released earlier today. At the session start, the S&P 500 Index dropped 0.27% to 2,161.00, whereas the Dow Jones Industrial Average Index lost 0.08% to open at 18,517.90, and the Nasdaq Composite Index declined 0.26% to start at 5,042.90 points.
On a month-on-month seasonally-adjusted basis, US housing starts rose 4.8% to 1.189 million in June, compared to analysts' expectations of an increase to 1.1150 million. In addition, building permits grew 1.5% to 1.153 million in the same period, whereas market analysts anticipated a rise to 1.165 million, the US Census Bureau said on Tuesday.