Forecasts & opinions
The Markit Economics released the Caixin China Manufacturing Purchasing Managers Index (PMI) this morning, showing that operational conditions have improved slightly for May.
In his latest bid to control illegal immigration from Mexico, U.S President Donald Trump has announced that all goods coming from Mexico to the U.S will carry a tariff of up to 25 percent.
As the world's two largest economies, the U.S and China, show no signs of coming to some kind of agreement when it comes to the trade war, the Dollar reached an almost two-year high yesterday at 98.371, while the world fears for the worst.
An ongoing effort is needed to strengthen the New Zealand financial system, stated the Governor of the Reserve Bank of New Zealand, Adrian Orr, during a speech, while releasing the May financial stability report.
Consultancy firm Duff & Phelps released a survey today showing that the city of New York has overtaken London as the world's pre-eminent financial centre. This shift, according to the survey, is down to Brexit and all the uncertainty surrounding Britain's delay in leaving the European Union.
The Bitcoin has reached its highest level so far in
2019, with a hike of ten percent on Monday, compared to levels on Friday. The
highest the cryptocurrency reached was $8,905 - which is a record high so far
this year - before retreating down slightly.
The world's two largest economics, that of the U.S and China, have blamed each other for the break down in talks over the trade deal. Now the world economy is waiting for trade tension to end between the two countries and the matter to come to a conclusion. The end may be close at hand, according to a statement made by the U.S President Donald Trump that the trade deal saga with China could wrap up very soon.
The Statistisches Bundesamt Deutschland reported that Germany's gross
domestic product (GDP) for the first quarter of 2019 saw an increase of 0.4
percent compared to the fourth quarter of 2018.
As the fate Brexit saga continues to play out, and the prime minister Theresa May is running out of time to save Britain from a no deal, her latest move was to announce that she will offer MPs the chance to vote on a second Brexit referendum.
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- UK retail sales rose sharply in July
- Swiss producer and import price index fell by 0.1% in July
- Japan financial minister Aso says he hopes markets will calm down
- China's new home prices firm in July - NBS