Flash Composite Output Index in the U.K fell sharply to 40.6 in January, down from 50.4 in December, according to the IHS Markit press release. The slowdowns reflected national lockdown restrictions due to the coronavirus pandemic. Flash Services Business Activity was 38.8 in January, down from December’s 49.4, an 8-month low due to reduced consumer spending … [Read more...] about U.K Private Sector Output hits Steepest Fall Since May, Enters Contraction Zone
Eurozone Economy Experiences Record Drop in Early 2021
The flash Composite PMI for Eurozone fell from 49.1 in December to 47.5 in January, a third successive monthly decline, according to the IHS Markit press release. January’s PMI signals slowdowns in business activity and the steepest deterioration since November on fresh lockdowns amidst the new coronavirus strain. Flash Services PMI fell to 45.0 in January, down from 46.4 … [Read more...] about Eurozone Economy Experiences Record Drop in Early 2021
Profit Forex Signals Review
The developers of Profit Forex Signals boast excellent reviews on Trustpilot and claim that their signals service is ‘the best signals provider since 2010 till today’. They promise to provide ‘best, most profitable, and reliable’ Forex signals. Traders are guaranteed 300% ROI, 90% accuracy, and over 9000 pips per month. In this Profit Forex Signals review, we will analyze the … [Read more...] about Profit Forex Signals Review
U.S. Building Permits, Housing Starts, and Completions Hit Higher Levels in December
U.S privately-owned housing units authorized by building permits rose 4.5% to an annual rate of 1,709,000 in December from November, according to Census Bureau press release. The building permits level was 17.3% higher than the December 2019 rate of 1,457,000. Building PermitsSingle-family authorizations were at a rate of 1,226,000, 7.8% higher than November’s … [Read more...] about U.S. Building Permits, Housing Starts, and Completions Hit Higher Levels in December
The Role of Quantitative Easing in Income Inequality
The 2000s have been an eventful period from the standpoint of global finance. Most conspicuous are the two instances of the global recession, one in 2007/08 and the second one still unfolding now. In both of these instances, central banks worldwide have had to go outside the ordinary to restore calm. Central banks have several tools they could deploy to combat the recession. … [Read more...] about The Role of Quantitative Easing in Income Inequality
