A much weaker than anticipated US non farm payrolls report for June has cast doubts on the outlook for the economy, overshadowing the improving tone of other recent indicators and pushing up risk aversion once again. . .
Markets will look to whatever data are available for any fresh signs of a bottoming out in the pace of economic activity…* In the US, the services ISM will be key in terms of setting the tone for the week…* Key for markets will be whether or n...
‘GREEN SHOOTS’ LESS EVIDENT IN DOMESTIC ECONOMY: While evidence of the emergence of green shoots in the international economy continues to build, last week saw a number of reports that emphasised the scale of the problems still facing the Irish...
EXCHANGE RATE OUTLOOK - 18TH JUNE 2009: ***USD safe haven status eroded as global economy stabilises***But euro rally meets resistance at $1.45***Sterling recovery continues as UK economic outlook improves***Market appetite for risk still main ...
EMPLOYMENT AND CONFIDENCE CRUCIAL FOR HOUSING DEMAND: In the absence of any statistics on house sales, mortgage lending data are the best available indicator of the strength of Irish housing demand. These highlight the current difficulties being...
ECB WATCH - ECB RATES ON HOLD AT 1%: As expected, the European Central Bank left its refi rate unchanged at 1% today, having already reduced this key official interest rate by a total of 3.25% between October and May. . .
