Global Economic Update

Global Economic Update

In the Eurozone, the final consumer price index climbed as expected by 1.5% YoY in March, compared to a rise of 2.0% in February. The preliminary figures had also recorded an advance of 1.5%. The seasonally adjusted trade surplus widened more-than-anticipated by €19.20bn in February, from a trade surplus of €15.70bn in January.

In Italy, trade surplus narrowed to €0.17bn in February, compared to a revised trade surplus of €0.32bn in the previous month.

The Fed’s Beige Book report indicated that the US economy expanded at a modest-to-moderate pace between mid-February and the end of March and that tight labour markets are broadening out wage gains, but inflation pressures remained in check. Moreover, a large number of firms reported high turnover rates and challenges in retaining staff. In the US, MBA mortgage applications dropped 1.8% in the week ended April 14, 2017, compared to a rise of 1.5% in the prior week.

In Japan, merchandise (total) trade surplus dropped less-than-forecast to ¥614.70bn in March, following a revised trade surplus of ¥813.50bn in February.

In Australia, the NAB business confidence index remained unchanged at 6.00 in 1Q17.

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The CityTA was started with a desire to help new traders succeed in markets dominated by high frequency traders and other market dangers. Our instructors' objective is to bring this diverse knowledge to you. Our training programs are designed to accommodate easy learning for people who have never experienced financial markets. Financial markets have become more complex over the past 10 years. A grasp of market mechanics is important if a trader is to survive. Our focus for our students is to ensure that we give them the correct foundation, so they can develop their own strategy and build on the knowledge they gain to go on to be top performing traders.