Economy

China’s contracting PMI hurt by decline in factory output and weaker services

June 30, 2023 03:42 PM AEST| By Invezz

The world breathed a collective sigh of relief when China finally came back online into the global economy. Through a mix of public health controls and mounting social pressure, restrictions were finally loosened in December 2022, sparking optimism t...

The greenback soars across the board as US Final GDP data revised higher

June 30, 2023 12:24 AM AEST| By Invezz

The Gross Domestic Product (GDP) shows the change in the value of all goods and services produced in an economy. The United States has three releases – Advance, Preliminary, and Final. Released quarterly, the GDP is annualized by multiplying th...

Euro tumbles on disappointing Eurozone flash PMIs, economic activity contraction

June 23, 2023 06:54 PM AEST| By Invezz

Disappointing Eurozone data sends the euro lower across the dashboard. Earlier today, the Eurozone manufacturing and services PMIs were released, and both came out worse than expected. The weakness in the manufacturing sector is worrying. The market...

Bank of England – go big or go home

June 22, 2023 05:07 PM AEST| By Invezz

Later today, the Bank of England will present its monetary policy decision. Following the inflation report released earlier in the week, the pressure mounts for the central bank to do more than the market expects. The consensus is that the Bank of En...

UK inflation surprises to the upside, making it difficult for the BOE to set the right policy

June 21, 2023 05:50 PM AEST| By Invezz

Inflation remains the dominant theme in financial markets. Following the COVID-19 pandemic and the Russian invasion of Ukraine, the prices of goods and services spiraled worldwide. Europe, in particular, is affected the most. Both the euro area and t...

UK update: Interest & mortgage rates to rise further as inflation & wages remain hot

June 21, 2023 12:53 AM AEST| By Invezz

Sometimes I dream of a world where the word “inflation” appears in less than 98% of financial articles. Whether reading about macroeconomics, the stock market, obscure cryptocurrencies or house prices, it’s a good bet that the dirty...

US consumer sentiment drops to eight-month low amid inflation and election concerns

January 01, 1970 10:00 AM AEST| By Invezz

A measure of US consumer sentiment has fallen to its lowest level in eight months, driven by ongoing inflation and uncertainty surrounding the upcoming election. According to the University of Michigan’s latest report, the consumer sentiment index re...