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Bank of England in Search of New Governor

02 May 2019 Maria Gregoriou

As Mark Carney is set to step down as governor of the Bank of England at the end of January 2020, the treasury is on the lookout for his successor.

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U.S. Interest Rates Remain Stable

02 May 2019 Maria Gregoriou

The U.S. Federal Reserve (Fed) Chairman Jerome Powell rejected the idea that an interest-rate cut might be in the cards to the U.S. during a news conference in Washington on Wednesday after the committee's meeting.

"We are strongly committed to our two percent inflation objective and to achieving it," Powell said. This statement comes at a time when investors are on the lookout for a rate cut and President Donald Trump is insisting on one.

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Market focus

  • German IFO business climate index drops in May
  • Eurozone: Flash PMI signals subdued business growth amid stagnant demand
  • German private sector maintains modest pace of output growth in May - IHS Markit
  • Germany's GDP increased by 0.4% in the first quarter of 2019, as expected

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