Newsflash: France’s economy grew by 0.6% in the last three months.
French revival? GDP up 1.9% in 2017, highest since 2011 …4Q GDP +2.4% on year thanks mainly to business investment #macron#france
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Today we learn if Europe’s economic recovery is on track.
Opening calls FTSE100 is expected to open 46 points lower at 7,625 DAX is expected to open 99 points lower at 13,225 CAC40 is expected to open 34 points lower at 5,487
After such a promising end to last week where the Dow rallied 200 points to a fresh record close, trading on Monday couldn’t have been more different. US stocks experienced a spectacular reversal and plummeted overnight, as the US 10 year treasury yield pushed relentlessly higher. Concerns are starting to enter the market that inflation could be catching up and higher interest rates could pour cold water on the bull run.
As the US treasury bond sell off depended, US treasury yields shot up to a peak of 2.73%, the highest level since 2014.The Dow dumped 177 points in its worst trading day so far this year and the S&P dived 0.7%.
Across the strategic board China is on manoeuvres. And whereas in the past, these flare ups used to be localised and uncommon, now China appears engaged in all theatres at once. They are even talking up their interest in the Arctic, which will likely confuse their sometime friends in the Kremlin.
WASHINGTON (Reuters) – The Trump administration said on Monday it would not immediately impose additional sanctions on Russia, despite a new law designed to punish Moscow’s alleged meddling in the 2016 U.S. election, insisting the measure was already hitting Russian companies.
TOKYO (Reuters) – A mayor opposed to a U.S. Marines base on Okinawa is leading his ruling party rival as he seeks re-election in a poll on Sunday, raising the prospect the base will remain a thorn in U.S.-Japan ties.
HONG KONG (Reuters) – The European Union on Tuesday criticised the Hong Kong government’s decision to bar a 21-year-old activist from standing for election, saying it contradicted an international human rights treaty and risked hurting the city’s reputation.
The Fed chair has set the bar high for her successor, a tenure defined by five major achievements
Janet Yellen, the Federal Reserve chair, begins her final rate-setting meeting at the helm of the US central bank on Tuesday, before she is replaced by Donald Trump’s chosen successor, Jerome Powell.
The first woman to lead the Fed arrived in February 2014 at a time when the money-printing machine of quantitative easing was whirring at full-tilt under her predecessor, Ben Bernanke. QE, which involved the Fed buying bonds from financial institutions, pumped billions of dollars into the US economy to keep it afloat after the financial crisis.
Zero-emission vehicles could become “as ubiquitous as smartphones” in California by 2040, according to the authors of a report analyzing the state’s progress toward Gov. Jerry Brown’s goal to transform the state’s automobile stock.