UK August construction PMI 51.1 vs 52.0 exp

UK  August construction PMI report now out 4 Sept 51.9 prev weakest upturn in construction output for 12 months marginal increase in overall construction activity robust rise in house building offset by marked fall in commercial work new business declines for the second month running Not key data given the sector’s lack of impact on GDP […]

Forex — Dollar broadly lower on U.S. data, North Korea tensions

Dollar on the downside as U.S. data, geopolitical tensions weigh — The dollar was broadly lower against the other major currencies on Monday, as Friday’s disappointing U.S. employment data continued to weigh and as fresh threats emerged from North Korea. The greenback remained under pressure after the U.S. Labor Department reported on Friday that […]

Mersch says trust in ECB only gradually returning

ECB executive board member Yves Mersch with scheduled speech in Fft 4 Sept Speech entitled: «Aligning accountability with sovereignty in the European Union: the ECB’s experience» «It is of crucial importance to what we do at the ECB. With the ratification of the EU Treaties, the citizens of Europe made us independent and gave us […]

China calls on all sides to remain calm over North Korea

China’s foreign ministry out with a statement 4 Sept Chins has for a long time upheld talks to resolve Korean peninsula issue NK clear on China’s opposition to its nuclear tests already lodged solemn representations to NK embassy in China on nuclear test China hopes all sides exercise restraint regarding NK issue hopes all sides will take […]