News

Irish butter, cheese and pork among EU goods to be hit by US tariffs

October 7, 2019By PracticenetSyndicated, tarriffs

Irish butter, cheese and pork among EU goods to be hit by US tariffs A range of goods from the EU are to be hit with new US tariffs including Irish butter, cheese, liqueurs and pork products. Irish whiskey made in Northern Ireland is on the list of products but Irish whiskey made in the […]

Sterling jumps to 8 day high

October 5, 2019By Practicenetsterling, Syndicated

Sterling jumps to 8 day high Sterling jumped to an eight-day high after the head of a group of euro sceptic lawmakers in Prime Minister Boris Johnson’s Conservative Party said the government’s latest Brexit proposals offered the possibility of a “tolerable deal”. A weaker dollar on a weaker-than-expected US non-manufacturing purchasing managers’ index inflated the […]

Sterling unfazed by weak economic data, as Britain waits for EU Brexit response

October 4, 2019By Practicenetsterling, Syndicated

Sterling unfazed by weak economic data, as Britain waits for EU Brexit response Sterling was little moved today despite a surprise contraction in the services sector as investors waited to receive a formal European Union response to Britain’s latest Brexit offer. The pound has found little direction in recent days, and is back where it […]

Services sector sees slowest growth since May 2013 – PMI

October 4, 2019By Practicenetservices, Syndicated

Services sector sees slowest growth since May 2013 – PMI The services sector grew at its slowest rate since May 2013 last month, a survey showed today, amid a softening of both foreign and domestic demand conditions. The AIB IHS Markit Purchasing Managers’ Index (PMI) for services slipped to 53.1 in September from 54.6 in […]

Euro zone inflation slows in September on cheaper energy

October 3, 2019By Practicenetinflation

Euro zone inflation slows in September on cheaper energy Euro zone inflation slowed further year-on-year in September because of cheaper energy, new figures showed today. But the core measure excluding such volatile components rose, the first estimate from the European Union’s statistics office Eurostat showed. The numbers underline the difference of opinion over the state […]

Jobless rate steady at 5.3% in September despite Brexit concerns

October 3, 2019By Practicenetjobless, Syndicated

Jobless rate steady at 5.3% in September despite Brexit concerns New figures from the Central Statistics Office show that the unemployment rate remained at 5.3% in September compared to August. The jobless rate has crept higher in recent months due to Brexit concerns, but it is still very low compared to the financial crisis when […]

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite

October 3, 2019By Practiceneteurope, Syndicated

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data. The results will underscore concerns about Europe Inc’s deteriorating health. Companies listed on the STOXX 600 regional […]

Manufacturing sector contracts for fourth month in a row – PMI

October 2, 2019By Practicenetmanufacturing, Syndicated

Manufacturing sector contracts for fourth month in a row – PMI Factory activity shrank for the fourth successive month in September and is stuck around levels posted in July and August as a global manufacturing slowdown and Brexit uncertainty weigh on demand. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) stood at 48.7 in […]

Sterling dips to one-month lows as Brexit nerves hit

October 2, 2019By Practicenetsterling, Syndicated

Sterling dips to one-month lows as Brexit nerves hit The British pound extended losses today, plunging through technical support levels to a one-month low against the dollar as traders became increasingly nervous about Britain crashing out of the European Union at the end of the month. Broad-based dollar strength also contributed to the falls,analysts said. […]

Central Bank urges no-deal Brexit checks with financial services firms

October 2, 2019By Practicenetbrexit, Syndicated

Central Bank urges no-deal Brexit checks with financial services firms The Central Bank has urged customers of financial services companies to take steps to ensure those firms are ready for the consequences of a no-deal Brexit. The regulator has also warned there will inevitably be some negative impact on consumers where firms have not prepared […]

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