Blogs

Latest data released by Markit/BME – 4 May 2020 here See here for global coronavirus case data "The fall in manufacturing production in March now pales in comparison to the unprecedented drop seen in April following a full month of virus containment measures at home and abroad. Output nosedived as large numbers of manufacturers eithe

Latest data released by Markit – 4 May 2020 here See here for global coronavirus case data

Latest data released by Markit – 4 May 2020 – 40.3 See here for global coronavirus case data Italian factory activity contracts at its fastest rate on record with the headline reading being a record low, with output and new orders showing unprecedented declines. Notably, job cuts are also at their sharpest rate since 2009. […]

Latest data released by Procure – 4 May 2020 – 43.7 See here for global coronavirus case data The drop isn't nearly as bad as expected, though the output index slumped further from 34.5 in March to to 28.4 in April. For some context, it was 48.7 back in February.

Latest data released by Markit – 4 May 2020 – 45.7 See here for global coronavirus case data April is expected to be the worst-month for European economies amid the virus outbreak and the latest data here sees a similar story for Spain. A record drop in manufacturing output, new orders, and purchasing with job […]

Softer tones observed at the cash market open – Eurostoxx -2.6% – Germany DAX -2.8% – France CAC 40 -3.0% – UK FTSE -0.5% – Spain IBEX -2.7% See here for global coronavirus case data

Comments by UK defence minister, Ben Wallace – But the time for post-mortem on the outbreak and China will be later – China needs to be transparent when the time comes See here for global coronavirus case data

Comments by French finance minister, Bruno Le Maire – If possible, advises to keep working remotely – Must succeed in properly ending the lockdown – It is important France resumes work on 11 May See here for global coronavirus case data

Euro rally to be short lived, via Bloomberg Last Thursday EURUSD rallied higher, but it was mainly a dollar led move. Month end re-balancing led to strong USD selling as investment banks had warned. However, one aspect to note via Bloomberg is the ECB's decision to cut interest rates as little as -1% on TLTRO […]

Deloitte survey on UK CFOs show biggest quarterly fall in confidence since the survey began back in 2007 – Risk appetite lowest since 2008 – A record 84% of CFOs are less confident See here for global coronavirus case data