Here is what’s ahead for the proposed €500bn Recovery Fund (a rocky road)

Germany and France have put their hands up in agreement to the support the €500bn Recovery Fund The path ahead for getting approval is a rocky one though: will require unanimous support of the rest of the 27 EU members If it gets that far: funds would be raised by the European Commission they’d borrow […]

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EU – UK Brexit trade talks to begin again on Monday – here is the full agenda

The third round of talks so far this year commence on 11 May 2020, Europe time. The first two rounds this year have not, according to most reports, made much progress. And, of course, they have been interrupted by measures taken to deal with the coronavirus outbreak in both the UK and EU.  Update if […]

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Here is a forecast of -90,000 for the Australian March employment report (& preview)

The March 2020 Australian labour market survey was conducted in the earlier part of March prior to the lock down restrictions really hitting. Data release due at 0130GMT   I posted expectations earlier: Employment Change: K expected -30K, prior +26.7K Unemployment Rate: % expected 5.4%, prior 5.1% Full Time Employment Change: K prior was +6.7K […]

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Here is the Reason not to Trust Current Production PMIs

Asian PMIs in manufacturing sector collapsed in tandem in March, and only China manufacturing sector looked out of place with a sharp rebound: Mainstream media attributed mini downturn in Asian and European stocks today with disappointment related to Asian production activity negative surprise. This is a good attempt though, but I think that the situation […]

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