UK economy grows, but…
At last the economy grew and better than hoped – by 0.4% in the quarter to 31 July and apparently fuelled by AI efficiencies and World Cup spending. However, the Government really has problems. Ostensibly it has sold the most expensive 30-year debt since 1998 - 5.82%. The very first 30-year started on 28...
New bond lows
So Lake Ontario is now to be called Lake America and so a wag has said Canada Geese are also now called Donald Ducks… oh well, let’s await developments there… the loyalists fought-back against the American invaders in the 1812 war and won and the White House was burned-down in 1814. Let’s trust they...
Economic growth and a little calm
Have been listening to this strange noise outside today – the pattering of much-needed rain. I appreciate if you are on holiday here it’s not so good but the ground needs it desperately so please forgive us!
Pleasing to see the latest Quarter’s economic growth rate at 0.4%. It is still lower than it should...
The good, the bad and SpaceX
Some news’ improvement amongst the negative developments in the Middle East (again) - US inflation went down to 3.5%, somewhat unexpectedly. That should give some respite in interest rates and the strength of the Dollar. Meantime, here at home our economy grew by 0.1%, led by services.
It’s not much and it is primarily a...
PM resigns – will uncertainty reign?
Goodbye Sir Keir, hello tomorrow. Sadly, I fear he won’t be missed greatly and with negligible legacy to remember though we must recognise that any such change creates opportunity for uncertainty. It may seem that a certain new MP is crowned without competition.
We can then only hope he will have better economics than the...
Unexpected growth in economic area
Shockingly (as we weren’t expecting it!) but the economy grew 0.6% in the first quarter – not quite sure how! Apparently, it was ‘services’ primarily. So, the extra 0.1% over what was expected is being headlined by the Government as wonderful news but sadly one swallow does not a summer make.
On the same day,...
Wobbles at the top?
Markets, US highs and ongoing uncertainty
Market chaos silver lining
Good afternoon. Early days but the agreement to a ceasefire was much welcomed by the markets. It is an odd world when sometimes you are grateful that some of your assets fall in price, because they were the hedges against other things you have been holding.
So, when oil and energy stocks slumped last Wednesday...