Source: Office for National Statistics Public sector net borrowing in the United Kingdom remained at a historic high in February, marking the second-highest print for the month since data collection started in 1993. EWU is up 1.11% premarket. Net borrowing excluding public sector banks stood at £13.1 billion in February, £2.4 billion lower than the same month in 2021 but … [Read more...] about UK Net Borrowing Stands at Historic High £13.1 Billion in February
Eurozone Current Account Surplus Stays at €23 Billion in January
Source: European Central Bank The eurozone opened the year with a stable current account surplus, as its credit and debit grew at the same rate. EZU is up 0.77% and VGK flat premarket. The current account surplus stood at €23 billion in January, unchanged from December and lower than the €38-billion surplus the same month last year.Debit grew to €393 billion from €386 … [Read more...] about Eurozone Current Account Surplus Stays at €23 Billion in January
Construction Production Improves by 3.9% In the Euro Area and EU in Jan.
Source: Eurostat Production in construction in the euro area and EU increased by 3.9% in January 2022, compared to a decline of 1.5% and 1.2% in December, respectively. DAX is up +0.64%, EURUSD is up +0.01%. Building construction increased by 4.2% in January from December in the euro area, while civil engineering output rose by 1.4%. In the EU, building construction rose … [Read more...] about Construction Production Improves by 3.9% In the Euro Area and EU in Jan.
Top 5 Layer 1 Blockchains in 2022
The blockchain space is fast developing as new solutions and apps are introduced on a number of networks, many of which are experiencing scaling issues. The growth of a network in digital space in terms of transaction processing speeds and processing capacity to handle the inclusion of additional applications and increased user operations is known as blockchain scalability. … [Read more...] about Top 5 Layer 1 Blockchains in 2022
US Yield Curve Falls to Flattest in Over Three Years Against UK Counterpart
Source: Bloomberg The US yield curve was the flattest in over three years versus its counterpart in the United Kingdom, with the Federal Reserve adopting a more hawkish stance than in its British counterpart. QQQ is up 0.09%, while EWU is up 0.27%. Yields on the 10-year bonds in the United Kingdom grew by 10 basis points, stretching the gap with the two-year bonds to 31 … [Read more...] about US Yield Curve Falls to Flattest in Over Three Years Against UK Counterpart
