Tag Archives: emerging Europe

Emmanuel Macron’s ‘posted workers’ reforms smell of populism

French President Emmanuel Macron went to Central and Eastern Europe recently to ask officials there to support his plan to change the legislation regarding posted workers, to prevent it being abused.

In essence, the posted workers’ directive allows one company in a member state of the European Union to send its workers to work on projects in another member state, but still pay them less than local workers. This is because, while the company has to abide by local minimum wage rules, things like tax or social security payments are still made in the country of origin.

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Market moving info — week starting July 10, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting July 10, 2017.

Last week:          

  • The US economy created more jobs than expected, with 222,000 new positions in June compared with expectations of 178,000. But wage growth was tepid, at just 2.5%.

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Market moving info — week starting July 3, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting July 3, 2017.

Last week:          

  • The savings ratio in the UK fell to a record low 1.7% in the first quarter, from 3.3% in the fourth quarter of 2016.

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Market moving info — week starting June 26, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting June 26, 2017.

Last week:          

  • Negotiations on Britain’s withdrawal from the European Union started in Brussels amid warnings by both Chancellor of the Exchequer Philip Hammond and Bank of England Governor Mark Carney that a “soft” Brexit is needed in order to prevent a deep fall in living standards.

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Market moving info — week starting June 19, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting June 19, 2017.

Last week:          

  • Eurozone ministers approved the release of a new tranche of aid for Greece that will help the country avoid a new payment crisis in July, when it has to pay €7.0 billion worth of debt.

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Market moving info — week starting June 12, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting June 12, 2017.

Last week:          

  • The UK Conservative party lost the majority it had in parliament following snap elections called by Prime Minister Theresa May in a desire to strengthen her majority ahead of Brexit negotiations. The pound fell on the result as investors weighed the consequences, while the FTSE 100, dominated by exporting companies, rose.

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Market moving info — week starting June 5, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting June 5, 2017.

Last week:          

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Market moving info — week starting May 29, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting May 29, 2017.

Last week:          

  • US economic growth data was revised to 1.2% in the first quarter from a previous estimate of 0.7%.
  • Around 24% of the electricity generated in the UK came from solar energy on Friday, a day of warm weather and clear, sunny skies.

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Market moving info — week starting May 22, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting May 22, 2017.

Last week:          

  • An investigation into possible links between the presidential campaign of Donald Trump and Russia has intensified, with reports saying that a current White House official is a person of interest. Sources told the Washington Post the official was close to the President, but did not elaborate further.

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Market moving info — week starting May 15, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting May 15, 2017.

Last week:          

  • A massive ransomware attack took place in around 70 countries, with computers locked by malicious software requesting $300 in bitcoin to release them.

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