The Bullet Point Brief Aug 26 - 30

The global facts affecting your investments

Global Markets

Currencies v GBP

Commodities

Monday

  • 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%.

Tuesday

  • 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.

Wednesday

  • 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.

Thursday

  • 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.

Friday

  • 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.

If you have any comments, questions or would like to learn more about our services, please complete the contact form,  visit our contact page or send an email to contact@inveq.co.uk  and we will get straight back to you.

The Bullet Point Brief
Get in touch
arrow&v

Inveq Worldwide

Inveq provides financial services 

globally. As part of a global

network that is regulated in 

multiple jurisdictions, you can be

assured of the best possible 

results regardless of your location.

Contact/admin

Social

  • LinkedIn - White Circle
  • Inveq Twitter
  • Facebook - White Circle

9 Prince Maurice Court, Hambleton Avenue, Devizes, Wiltshire, SN10 2RT, UK.

Tel: +44 (0) 1380 717025

contact@inveq.co.uk

Robin Matthews trading as Inveq is a member of OpesFidelio and is authorised to give financial advice subject to contract in parts of the EEA (Excluding the UK). OpesFidelio is a trademarked network of the Aisa Group which includes Aisa Financial Planning Ltd and Aisa International s.r.o. Aisa Financial Planning is authorised and regulated in the UK as an independent financial adviser for UK retail clients by the Financial Conduct Authority and has permissions throughout the EEA under both directives IDD and MiFID.  View FCA authorisation here.

Aisa International s.r.o. is authorised and regulated in the Czech Republic as a financial adviser by the Czech National Bank and has permissions through selected EEA countries. Cash and Tax services are not regulated.