Month: September 2019

China’s industrial production struggles with looming recession ahead Day in Review U.K • Average house prices in the U.K dropped -0.2% month over month coming lower than the year to date average of 0.1%. A deceleration from the month of August where prices dropped -1.0%. On a yearly basis, the

ECB refinancing interest rate reaches a historical negative low Day in Review Eurozone • The ECB’s main refinancing rate stayed unchanged for the week at 0%, along with the marginal lending facility rate that also stayed unchanged at 0.25% this week. The deposit facility rate decreased to -0.5%. This lowest

European data shows signs of struggling economy U.S.A • Fed reserve numbers for the month of July show that the U.S consumer credit increased by $23.29 billion, a higher increase from last month’s net consumer credit increase of $14.59 billion. July’s figure beat surveyed economist estimate of $16 billion. U.K

Oil in mixed territory as US national security advisor ousted South Korea • South Korean economy’s unemployment rate dropped to the lowest level since 2013. The unemployment rate for the month of August was 3.1% lower from last month’s 4% figure. The Asian economy added 452,000 jobs for the same