The Bullet Point Brief Aug 26 - 30

The global facts affecting your investments

Global Markets

Markets Aug 26 - Aug 30.PNG

Currencies v GBP

currencies aug 26 -30.PNG


Commodities aug 26-30.PNG


  • Donald Trump said he is confident that China was sincere about a trade deal because it had taken “a very large hit” in recent months.

  • Greece lifts remaining capital controls to signal the economy’s return to stability after the tumult of three international bailouts since 2010.

  • Almost UK 100 companies have relocated to the Netherlands to be in the EU with another 325 considering a move according to the Dutch government.

  • Donald Trump and Japan’s Prime Minister Shinzo Abe agree on the principles of a trade deal to be signed within a month.

  • France and the US are close to resolving a ‘digital tax’ agreement which sees companies making more than EUR 750m from digital activity and EUR 25m in France pay 3%.


  • Brazil announces that an agreement between the Mercosur trade bloc and the European Union is being revised by lawyers in a process of up to 7 months.

  • French wine production will fall 12% this year after damage to vines by frosts, droughts and hail but quality remains high.

  • China unveils measures to boost consumption by removing restrictions on car purchases as the economy falters.

  • Irish unemployment in July is revised up to 5.3% from 4.6% after the release of quarterly data by the statistics agency.

  • The German economy contracts 0.1% on weaker exports in Q2 after a 0.4% rise in Q1.


  • Japan’s jobless rate fell to 2.2% in July and factory output rebounds more than expected.

  • Volkswagen announces $577m investment in Brazilian auto factory.

  • The French economy grew faster than expected in Q2 at 0.3%.

  • Irish retail sales fall the most since 2012 at 4.4% as poor car sales plummet 16.4%.

  • The U.S. yield curve inverts further as 30-year Treasury yields fell to a few record low over trade conflict concerns.

  • One third of FTSE 100 index firms agree pension cuts amid pay scrutiny and shareholder pressure.

  • UK Prime Minister Boris Johnson announces that he will suspend parliament from September 9th until a Queen’s speech on October 14th causing protests.


  • U.S. consumer spending on goods and services increased in July to soften recession fears for now.

  • United Airlines extends cancelled Boeing 737 Max flights until December.

  • OPEC oil output rises in August for the first time this year as higher supply from Iraq and Nigeria outweighs top exporter Saudi Arabia.

  • The Lloyds Bank Business Barometer slid 12% to a 2011 low as confidence leaves UK businesses and consumers over Brexit.

  • Citigroup analysts predict Britain’s banks face a hit of up 25% of earnings in a no-deal Brexit.

  • Hong Kong retail sales in July fell 11.4% as social unrest hits visitor number numbers and consumer sentiment.

  • UK mortgage approvals rise the most in two years and house prices rise to a three month high as market stabilises.

  • The 19 countries sharing the euro saw inflation unchanged from July in line with expectations.

  • French engineering firm Systra buys British Steel unit to save 400 jobs.

  • German retail sales fall 2.2% in July.


  • Chinese factory activity shrank in August for the fourth month as the PMI index falls 0.2 to 49.5.

  • The euro falls against USD to below $1.10 and its weakest since May 2017.

  • Teams from China and the United States will meet in September but tariff increases on Chinese goods starting yesterday will remain.

  • Argentinean bonds and its currency fall further amid downgrades by three credit rating agencies and new central bank measures to safeguard the liquidity of the nations’s financial system.

  • British finance minister Sajid Javid is “livid” about the firing of his press aide by Boris Johnson’s advisor.

  • Volkswagen ordered to forfeit greenhouse gas emission credits and reimburse $96.5m to customers after software exaggerated fuel economy performance.

  • General Motors slashes 15% of its workforce in Thailand to ‘right-size’ its operations.

The week ahead…

  • UK - Manufacturing PMI, BRC retail sales monitor, construction PMI, services PMI, consumer inflation expectations. 

  • Americas – Bank of Canada decision, employment and PMI, US final and ISM manufacturing PMI, ISM manufacturing prices, construction spending, non-farm employment, trade balance, services PMI, ISM non-manufacturing PMI, Biege Book, unemployment, revised labour costs, factory orders.

  • EU – Spanish, Italian, French, German and EU Final Manufacturing PMI , Spanish employment, Spanish, Italian, French and German services, EU retail sales, German Factory orders and induatrial production, French government budget and trade balances, Italian retail sales, EU employment and GDP.

  • Asia - Australian GDP, China manufacturing and non-manufacturing PMI, South Korea Aug  trade balance, imports and exports, Indian current account balance, manufacturing and services, Singapore PMI, Hong Kong PMI and forex reserves.

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