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
Mixed numbers from Europe and Asia show gloomy picture ahead The UK economy didn’t grow in the month of July as the latest GDP growth figures show. The GDP growth for July stood at 0% recovering from a drop of -0.2% in the previous month. The European economy has struggled
