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Vince Whitefoord
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Mario Draghi's remarks at a European Central Bank (ECB) forum three weeks ago in Portugal caused a lot of confusion in the market.
US stock markets began the week with an air of mild optimism following a better-than-expected June employment report and amidst high expectations for the forthcoming corporate earnings season.
This week’s Purchasing Manager Index (PMI) data, a key barometer of current business conditions for an economy’s manufacturing and services industries, provided an insight into how the global economy is faring as we move into the second half of 2017.
The week began with the Conservatives agreeing with the Democratic Unionist Party (DUP) to provide an additional £1billion of funding to Northern Ireland to secure a “confidence and supply” deal, which can (will) be renegotiated (upwards) after two years.
