Global Economic Update

Global Economic Update

In the UK, retail sales advanced more-than-expected by 2.3% MoM in April, compared to a revised drop of 1.4% in March.

The European Central Bank (ECB) in its latest meeting minutes stated that the next meeting held on June 8 will be an appropriate time to consider shifting towards an exit from the stimulus efforts that have improved the economy. Moreover, confidence is growing about the region’s recovery, though some downward risks are still acknowledged. However, policy makers indicated that the outlook for inflation remained fragile, given the continued uncertainty across the Eurozone.

In the US, the seasonally adjusted initial jobless claims unexpectedly fell to 232.00K in the week ended May 13, 2017, compared to a reading of 236.00K in the previous week. In April, leading indicator rose less-than-anticipated 0.3% MoM, compared to a revised similar rise in March.

The Cleveland Federal Reserve Bank (Fed) President, Loretta Mester, reiterated her stance for further interest rate hikes, citing full employment and inflation approaching the Fed’s 2% target.

Enter your e-mail address to receive updates straight to your inbox

My Newsletter

You can easily unsubscribe at any time by clicking on the unsubscribe links at the bottom of each of our emails

About Author

The CityTA

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.