1 800 930 201
Throughout most of fourth quarter UK PMI data has always seemed to flatter to deceive when it comes to the UK manufacturing and industrial production data which has been less than convincing. This morning’s release of November data is not expected to be any different with expectations fairly low on both the monthly and the annualised measures.
Michael talks about this weeks EU meetings, the fiscal compact, Greek PSI and this weeks Italian and Spanish bond auctions.
Comments by ratings agency Fitch that it didn’t expect to cut France’s credit rating this year saw markets push higher, however this was tempered by comments about the likelihood of an Italian downgrade by the end of the month. The agency stated that “the future of the euro will be decided at the gates of Rome” suggesting that any further action on ratings could well be determined by the end of January.
Carel de Braal looks at alternatives to the Keane report.
Why Ireland should demand a sustainable bailout - for everyone's sake.
Cian O’Mahony says that brave investors will fly in the face of extreme negative sentiment.
Cian O'Mahony looks at the risks of printing money.
Brenda Kelly puts worrying Chinese economic data into context.
Michael Hewson, market analyst at CMC Markets, speaks on Bloomberg Television about the European debt crisis, European Central Bank and Federal Reserve monetary policy, and the outlook for the euro-dollar exchange rate.
Fed Chairman Ben Bernanke yesterday gave his best impression yet of a poker player, playing his cards close to his chest, as he reiterated his comments at Jackson Hole at a speech last night to an audience in Minnesota.