Germany still accounts for most of the current account surplus of the European Union

The seasonally adjusted current account of the balance of payments for the European Union was a surplus of €40.5billion or 1% of GDP in the first quarter (Q1) of 2019, up from a surplus of €40.2billion or 1.0% of GDP in the fourth quarter (Q4) of 2018 and down from a surplus of €58.3billion or 1.5% of GDP in the first quarter (Q1) of 2018, according to estimates released by Eurostat.

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Highlights from June 2019 – U.S. Equities rise, Global bond yields drop, Interest rate cut ahead?

U.S. Equities Soar

June 2019 saw U.S. equity market records being broken shattered.

The Dow Jones Industrial Average (DJIA) gained 7% in June, its biggest June gain in 9 decades or its best June since 1938.

The S&P 500 jumped 6.9%, its best June performance in 7 decades or its best June since 1955. The S&P 500 is up 17% in 2019 so far, the best start to a year since 1997.

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The Great Restart from July 1

After a very quiet few weeks, we will restart normal service beginning July 1. We promise to again bring you a completely refreshing perspective on everything finance, markets and banking. This time it is different.

 

Highlights from May 2019 – Hot or cool global economy?

(Apologies for the delay in this being published, it should have been published almost a month ago.)

May 2019 was the quietest month (till date) for us due to unprecedented reasons. We had hoped April 2019 will be the quietest month but turns out this time it was (again) different. Hoping to write more going forward starting July but don’t want to promise that.

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UK employment at highest ever level as wage growth lags; Unemployment lowest in 45 years; Self-employment at highest level

At the end of March 2019, the employment rate for the United Kingdom was estimated at 76.1%, the joint- highest figure on record. The UK economic inactivity rate was estimated at 20.8%, again close to a record low.

UK Employment by Gender until March 2019

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