MENU

UK Budget Surplus Lower than Expected in July as Multiple Threats to Public Finances Loom on Horizon

  • Written by James Skinner

UK government borrowing fell less than was expected by the market during July, leading overall borrowing for the current financial year to rise by a touch and drawing a line under the previous financial year, which had seen the government's need for cash fall to its lowest level in nearly two decades.

Read more: UK Budget Surplus Lower than Expected in July as Multiple Threats to Public Finances Loom on Horizon

The UK Economy: CBI Report of August Stabilisation in Manufacturing Argues for Quarterly Growth Pickup 

  • Written by James Skinner

The UK manufacturing sector saw output stabilise in August after a multi-month period of declines that saw it subtract notably from economic growth, which was negative in the second-quarter, reinforcing forecasts from some economists that growth should rebound in the current quarter. 

Read more: The UK Economy: CBI Report of August Stabilisation in Manufacturing Argues for Quarterly Growth...

The German Economy is Now Seen "Teetering on Brink of Recession" after Second-quarter Contraction 

  • Written by James Skinner

The German economy is now seen in the City as teetering on the brink of recession after official data revealed a contraction in growth for the second-quarter, which has strengthened the case for the European Central Bank (ECB) to cut its interest rate and restart its quantitative easing program from September. 

Read more: The German Economy is Now Seen "Teetering on Brink of Recession" after Second-quarter Contraction 

As Yield Curves Invert, Look to Gold says Algebris' Gallo

  • Written by Joaquin Monfort

Go to gold

“We prefer to have hard assets or things that are linked to hard assets. Gold is one of the best performing hard assets this year. And invest in countries where real rates of inflation are still high like some emerging markets, like Russia, Mexico or Brazil” -  Alberto Gallo, Algebris Investments.

Read more: As Yield Curves Invert, Look to Gold says Algebris' Gallo

China Unlikely to Make Quick Deal with U.S. and Repeat the Mistakes of Japan: LSE’s Jin

  • Written by Joaquin Monfort

China

China is unlikely to make a quick deal with the U.S, a leading authority on China has said, but instead they will play the ‘long game’ and want to see if the current trade situation hurts the U.S. economy sufficiently to improve their negotiating position.

Read more: China Unlikely to Make Quick Deal with U.S. and Repeat the Mistakes of Japan: LSE’s Jin

Surprise Fall in the Trade Deficit Could be a One-Off

  • Written by Gary Howes

UK trade deficit

The total trade deficit - the difference between the export and import in goods and services - narrowed £16.0 billion to £4.3 billion in the second quarter of 2019 due largely to falling imports of goods, reports the ONS.

Read more: Surprise Fall in the Trade Deficit Could be a One-Off