Dear Reader,
Today's overview of economic news and market action:
-
- Cautious tone to market sentiment continued yesterday
- Reflected in modest falls across the main equity indices
- On bond markets, yields moved lower
- Currency-wise, the dollar continued to hold the upper hand
- EUR/USD has been pinned down near $1.07
- Today’s macro data diary is very quiet, lacking in top tier releases
Continue Reading
|
|
|
|
Today's Opening FX Rates
| |
|
% Change |
| |
|
|
Day* |
End 2022 |
| EUR/USD |
1.072 |
|
0.02 |
0.17 |
| EUR/GBP |
0.8573 |
|
-0.02 |
-3.06 |
| GBP/USD |
1.2501 |
|
0.02 |
3.34 |
| GBP/EUR |
1.1657 |
|
0.02 |
3.16 |
| *versus Previous Day's European Open |
|
|
|
|
Strong expansion in Ireland's service sector in August
|
|
AIB Ireland Services PMI - August
Strong growth in the Irish service sector was sustained during August with the latest AIB PMI® survey data marking exactly two-and-a-half years of successive monthly improvements in business activity, new business, and employment.
Read More
|
|
|
|
|
|
|
Weekly Market Brief: 4- 8 September
Payback Time
The National Accounts data from the CSO for H1 2023 show that the rate of growth in the Irish economy has decelerated markedly from the breakneck speed seen in 2021 and 2022.
Read More
|
| |
| |
|
Weekly Market View
Downside Risks Still Prevail for Global Economy
Surging inflation combined with a marked tightening of monetary policy, amid an environment of weakening confidence levels and heightened geo-political tensions, especially in relation to Ukraine, saw the world economy slow sharply during 2022. However, concerns that advanced economies could be facing a recession in 2023 have largely abated.
Read More
|
|
|
|
|
|
