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A mixed start in Europe has seen the German DAX outperform amid weakness for French and UK stocks. Burberry has been a particular drag on sentiment in the Luxury sector, with LVMH and Kering following the fashion name lower on concerns around Chinese demand. Coming just days after the impressive 7.6% retail sales figure, CEO […]

Last night saw huge volatility in the Asian session, with the Hang Seng (4%) and Nikkei 225 (2.5%) making major gains. This came despite a worrying decline back into contraction for Japan, with their third quarter GDP figure of -0.5% annualizing to -2.1%. In China, a swathe of economic data saw a welcome surge in […]

European markets are tentatively higher as traders overlook a somewhat worrying jobs report to focus on the impending inflation data due out in the US. The latest UK employment numbers saw total average earnings remain stubbornly high, with the September figure of 7.9% standing well above the 7.2-7.4% zone expected by markets. This has obvious […]

European markets are on the back foot this morning following a US session that saw the S&P 500 finally snap an eight-day winning streak. Data out of the UK have dominated proceedings thus far, with the third quarter growth figure of 0% seeing a narrow escape after expectations we would fall into negative territory. Nonetheless, […]

Chinese growth prospects took a hit overnight, with the country moving back into deflation territory after registering a -0.2% CPI figure for October. With the latest IMF forecasts signalling expectations of a GDP decline in 2024, today’s declines across both consumer and factory prices does serve to highlight the lack of positive momentum evident in […]

Asian markets have been hit hard overnight with a -6.4% October exports figure from China overshadowing an IMF growth upgrade for the year ahead. Coming off the back of a 1 trillion-yuan sovereign bond issue, there is a hope that the Chinese growth trajectory will slightly improve, but the IMF remains steadfast on the idea […]