904 days ago
The UK GDP expanded by 2.9% while the market expectations were closer to 3% so this figure is quite unsurprising and largely indicates the gradual reopening of accommodation and food services activities and a rise in underlying human health activities.
905 days ago
The IMF revised its global growth outlook for 2021 to 5.9% from 6% forecasted in July, citing supply disruptions and worsening pandemic dynamics. The US economy is seen expanding 6%, below 7% in July and China is seen growing 8%, 0.1 percentage point lower than in July. For 2022, world growth forecasts were left unchanged at 4.9%.
910 days ago
Senate Majority Leader Chuck Schumer just said that an agreement has been reached with Republicans to extend the government’s borrowing authority into December. The debt ceiling will indeed be raised, although Democrats were accused of simply kicking the can down the road. Whatever the deal concluded, this will only be a short-term solution until the negotiations that wil take place in December. Source: CNN
911 days ago
The German construction sector in September signaled another lethargic performance. New orders move closer to stabilisation, least marked downturn in supplier performance since March. On the bright side, employment rose for the first time in eight months and the input cost inflation remains elevated but fell to a six-month low. @IHS Markit
913 days ago
With the drama happening in legislation, supply chain issues and signs of an energy crisis, it isn't a shock that sentiment continues to dip to lower levels. Sentiment has slipped from a current cycle high of 28 in April t below -3 the lowest point since October. @TME
