break from the Brexit saga due to Easter break, the British government will
continue its talks with the Labour Party on the matter.
matter of Brexit is not the only highlight of the return of MPs to Westminister
as Prime Minister Theresa May is receiving criticism about her leadership. This
criticism comes from Tory campaigners, liked Nigel Evans who has called her
handing on Brexit “frustrating” and has also said that “fresh leadership is
needed.” Her cross-party talks are also being criticised as some believe that
she should be reaching out to the people instead.
financial world woke up this morning to the news that oil prices have speared
up by more than three percent. This is the highest level that oil prices have
seen since November last year.
increase by three percent took prices over $74 per barrel for Brent crude
futures and U.S. crude futures rose around 2.67 percent to $65.71 per barrel. The
main reason for this dramatic change is probably due to a report by the
Washington Post that U.S.
shaken up in the European stock market yesterday, as shares in this market “ended
higher as short covering kicked in ahead of a long Easter weekend,” according to
the European stock market more closely, the pan-European STOXX 600 index rose
for a consecutive seventh session, Germany’s DAX closed at a six-month high,
while London’s FTSE 100 moved in the opposite direction, with healthcare stocks
dragging it down.
The index sums up inflation and unemployment outlooks for 62 economics. This year the index relied on Bloomberg economist surveys, while in previous years the index was complied with the use of actual data.
The report stated that these top five countries all suffer from intense economic stress and scant progress in taming price growth and getting people back to work. Adding to this, the report said, “the Bloomberg Misery Index relies on the age-old concept that low inflation and unemployment generally illustrate how good an economy’s residents should feel.
US economic situation, according to the Beige Book report released last night,
shows that economic activity expanded at a slight-to-moderate pace in March and
which presents data collected by each of the 12 Federal Reserve Districts, shows
that results concerning consumer spending were varied. Overall the results in
this area illustrated sluggish sales for both general retailers and auto
outlook on consumer spending was dull, the picture concerning tourism was
The 2019 growth forecast from the German government was cut for the second time in three months today. This decision points to the fact that the Germany economy is slowing down due to a recession in the manufacturing sector.
Reuters stated that German exporters are struggling with weaker demand from abroad, trade tensions sparked by the American government’s policies of “America First” and the uncertainty that businesses are facing due to the unknown outcome of Brexit.
As China’s economy has grown at a steady 6.4 percent pace in the first quarter of 2019, compared to last year, the government now has legroom to move as trade negotiations with the U.S. are now at a crucial level.
This economic growth goes much farther than the estimated figures that economists predicted. These predictions gave the U.S. leave-way to push for a trade agreement in the past. Speaking about the shift in bargaining power the Practice Head, China and Northeast Asia at Eurasia Group and a former U.S.
The minutes of the Monetary Policy meetings of the Reserve Bank of Australia, released this morning, showed that growth within the domestic environment has slowed in the second half of 2018, compared with the first half.
More specifically, the report stated that “GDP had increased by 0.2 percent in the December quarter and by 2.3 percent over the year, which was below the forecasts presented in February.”
Growth in consumption had also slowed in the second half of 2018 and dwelling investments fell due to weather-related disruption to resource exports.
As Brexit still seems a long way off, the cost of the Brexit chaos to a number of leading companies in Britain are mounting up.
Today is the second date that the U.K. was set to leave the European Union (EU) but, yet again, that did not happen, and the country has been granted an extension until October 31. Many large companies in Britain have spent, and continue to spend, millions of Pounds on planning for Brexit. Most of this spending is due to these companies preparing for the worst, which is a no-deal split.
The International Energy Agency (IEA) has announced that global oil markets are tightening as OPEC supply falls. Economic threats, as cautioned by the central banks, could also lower demand forecasts.
The decline in demand could last until the end of the year, according to Bloomberg, as Saudi Arabia and its partners curb production. Exports from Venezuela and Iran are also tightened due to economic and political crises.
“The oil market shows signs of tightening as we move into the second quarter of 2019, but we see mixed signals in terms of the outlook for demand,” said the agency.