Dear Reader,

 

Today's overview of economic news and market action:

 

    • Risk appetite retained a mixed tone yesterday
    • Bond yields continued to move lower
    • Currency-wise, main pairs confined to narrow ranges on Wednesday
    • Overnight though, yen has moved higher
    • Elsewhere, EUR/USD has edged further below $1.08
    • Meanwhile, EUR/GBP remains under 86p
    • Today’s macro diary is quiet
 
Continue Reading
 
Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0773   -0.24 0.66
EUR/GBP 0.8572   0.11 -3.08
GBP/USD 1.2564   -0.36 3.86
GBP/EUR 1.1659   -0.10 3.17
*versus Previous Day's European Open
 
Weekly Market Brief: 4 - 8 December
 

Labouring the Point

 

National Accounts data show that GDP is in decline, but this largely relates to a fall in contract manufacturing activity abroad by Irish based companies 
 
Read More
 
 
 
AIB Ireland Manufacturing PMI® - November 2023
 

Latest survey data from the AIB Ireland Manufacturing PMI® highlighted a stabilisation in overall business conditions, following modest downturns in September and October.
 
Read More
 
AIB Ireland Services PMI® - November 2023
 

Service sector expansion accelerates in November

 

Rates of expansion in total activity and new business both accelerated on the month for the first time since April, with a notable rebound in the Transport, Tourism & Leisure sector.
 
Read More
 
Economist's Weekly Market View
 

On the Job National

 

Accounts data show that GDP is in decline, but this largely relates to a fall in contract manufacturing activity abroad by Irish based companies. The latest labour market data, by contrast, point to a still strong Irish economy. 
 
Read More