The European car industry collapsed when the Trump administration insisted that European imports would be subjected to new tariffs. This is clear in the under-performance of German producers, who are net exporters to the US, although they operate a handful of local plants … but also in Mexico.Read More
New Telefonica’s commercial brand in Spain O2 will aim to cover all segments of the low and medium cost market where the entry of Masmovil has caused competition. Masmovil gained 201,000 new lines in April, while Telefonica gained 1,200 new connections, Orange lost 1,900 lines and Vodafone 4,500.
For both China and the US, government policy is more important than monetary policy right now. “Interesting that for China, many of its perceived problems are being dealt with through greater use of technology”, explains Mark Tinker, Head of Framlington Equities Asia at AXA IM.
For the past couple of months, Eurozone business surveys have been reporting growing labour shortages, flags a report from AXA IM. “While bearing in mind the potential differences in sample represent activeness and statistical methodologies, it remains remarkable that these reported hiring difficulties are even larger than reported by US corporates,” the firm’s analysts explain.Read More
One of the more interesting stories that seems to have flown beneath the radar of the foreign exchange market this week was that the US government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by around 1 mn barrels per day, according to Simon Derrick Chief currency strategist of BNY Mellon.Read More