Dear Reader,

 

Today's overview of economic news and market action:

 

    • Investor sentiment retained a mixed tone yesterday
    • Bond market action was more muted compared to previous days
    • Currency-wise, the yen held onto its upward momentum
    • At the same time, EUR/USD, EUR/GBP, and GBP/USD traded in narrow ranges
    • EUR/USD remained pinned down below $1.08
    • EUR/GBP was unable to regain the 86p level
    • Today we get the key releases of US non-farm payrolls for November
 
Continue Reading
 
Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0777   0.15 0.70
EUR/GBP 0.8568   -0.06 -3.12
GBP/USD 1.2576   0.22 3.96
GBP/EUR 1.1666   0.06 3.22
*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