The latest GDP report was encouraging. Final sales to domestic purchasers jumped by an annualised 3.52% q/q in Q2: the first quarter data was revised up to 1.79% q/q. The…
At current low levels of unemployment, companies face a decision: invest more in capex and software as the cost of labour rises, or retrain workers. Both could happen concomitantly. The…
There are some legitimate doubts over the strength of Germany’s labour market. Vacancies have fallen in four out of the last five months, with June down 13.0k. The Eurostat labour…
There is no need for the Fed to cut. Indeed, the FOMC will be impressed by the resilience of the stock market on Friday. The early losses were trimmed as…
A ceasefire in the trade war may only be that – a temporary cessation of hostilities. President Trump’s reprieve for Huawei has been criticised heavily in the US Congress. However,…
