Is the risk of a UK recession increasing? New data from IHS Markit suggests the UK service sector
The latest purchasing manager surveys of Britain's services industry showed growth in the country's dominant business sectors slowed further in August
The volume of eurozone retail sales dipped by 0.3% in July compared with a month earlier on a seasonally adjusted basis, according to figures from Eurostat
The Reserve Bank of Australia held its main cash rate steady at a record low of 1.5% at its September policy meeting on Tuesday
The British Retail Consortium claims UK retail sales picked up +1.3% in August compared to a 0.9% dip this time last year
A little down but not rattled. Markets were wary today on North Korean Asian tensions but there were no wild swings
The latest escalation of threats following North Korea’s hydrogen bomb test yesterday saw Japanese shares down almost -1% overnight.
All three major indexes have posted gains for the second straight week, despite volume remaining light with a Labor Day weekend looming.
Higher US unemployment and a slower rate of new jobs created did damage to the dollar earlier.
Rising inflation – consumer prices were up 1.5% in August – and a better jobs picture yesterday gave more leeway
Headline consumer prices in the eurozone rose more quickly than expected in August as volatile energy prices exerted the most upward pressure
Gasoline surged early today as storm damage continued to put refineries under pressure. In contrast, the storm-induced refinery shutdowns remained bearish for crude.
President Trump was delighted yesterday: US economic growth for the second quarter was estimated at 3%.
As tropical storm Harvey wends its way along the Gulf Coast bringing more rain and flooding in Louisiana, US markets remain sanguine as economic growth picture stays rosy.
Shell chief Ben van Beurden has warned that US Hurricane Harvey is one of the biggest catastrophes the oil operator has had to deal with.
