Facebook - Bank of Valletta - BOV Group
Twitter - Bank of Valletta - BOV Group
YouTube - Bank of Valletta - BOV Group
LinkedIn - Bank of Valletta - BOV Group
Instagram - Bank of Valletta - BOV Group
Get in touch - Bank of Valletta - BOV Group
Customer Service Centre - Bank of Valletta - BOV Group
Bank of Valletta - BOV Group
I want
Products
My Toolkit
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
Maximise Banner
Minimise Banner
next Previous
next Previous
next Previous
Home > BOV Market Watch - Week ending 27th August 2021
BOV Pjazza
Liquidity – a greatly overlooked attribute
BOV Market Watch - Week ending 10th September 2021
BOV Market Watch - Week ending 3rd September 2021
BOV Market Watch - Week ending 27th August 2021
The Veil of International Trade
Riding the recovery wave
BOV Market Watch - Week ending 13th August 2021
BOV Market Watch - Week ending 30th July 2021
BOV Market Watch - Week ending 23rd July 2021
BOV Market Watch - Week ending 16th July 2021
Multi-asset portfolios? A unique winning strategy
BOV Market Watch - Week ending 27th August 2021
27 Aug 2021
Eurozone consumer confidence weakens for second month. Eurozone households' confidence in the economy declined for the second straight month in August as the spread of the Delta coronavirus variant prompted restrictions across the continent. The European Commission said on Monday that its measure of consumer confidence in the countries that share the euro currency edged down to minus 5.3 in August from minus 4.4 in July. Economists had forecast that consumer confidence to come in at minus 4.8. Despite the decline, eurozone consumer confidence remains above its pre-pandemic level, the European Commission said in its report.

UK private sector growth hits six-month low amid staff shortages and supply chain woes. The UK recovery eased sharply this month as business across the economy grapple with staff shortages caused by the pandemic and ongoing supply chain issues. Growth across the UK private sector slowed to a six-month low in August, according to data provider IHS Markit’s monthly survey of purchasing managers at UK firms. Companies across the services and manufacturing sectors reported that their business activity was hit by staff shortages and material shortfalls. This pulled IHS Markit/CIPS flash composite Purchasing Managers’ Index, or PMI, down sharply, to 55.3 in August from 59.2 in July. That’s the index’s lowest reading since February, worse than expected, but nonetheless above the 50 mark that separates expansion from contraction.

US durable goods orders edge lower in July. A report released on Wednesday by the Commerce Department showed a modest decrease in new orders for US manufactured durable goods in the month of July. Orders for durable goods fell by 0.1 percent in the review month following a 0.8 percent increase in June according the report. Economists had been expecting a 0.5 percent decline. The dip in durable goods orders came as orders for transportation equipment tumbled by 2.2 percent in July after soaring by 1.4 percent in the previous month. Excluding transportation, new orders increased by 0.7 percent. Orders for non-defence aircraft and parts led the way lower, plummeting by 48.9 percent in July after surging by 4.7 percent in June.

China keeps lending benchmark rates unchanged for 16th month. The Chinese central bank left the benchmark interest rate unchanged for the 16th month in a row. The one-year loan prime rate (LPR), a market-based benchmark lending rate, will remain at 3.85 percent, while the five-year LPR will be steady at 4.65 percent. The People’s Bank of China changed the one-year LPR in April 2020, when it reduced the rate from 4.05 percent in February-March. The LPR is an interest rate that commercial banks, including smaller lenders, charge their clients with higher financing costs and outstanding loans to reflect market demand for funds in a better way. It aims to lower the costs of borrowing and support the economy. Analyst Julian Evans-Pritchard, from consulting firm Capital Economics, expected the bank to lower the interest rates to boost the economy.

Australia’s manufacturing sector slows in August. The manufacturing sector in Australia continued to grow in August, albeit at a much slower pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI reading of 51.7, a 14-month low. That is down from 56.9 in July, although it remains above the 50 reading that separates expansion from contraction. New orders and output both contracted, ending the 13-month growth streaks across both indices. While the lingering disruptions from the Covid-19 pandemic affected both demand and production, firms also reported that supply shortages restricted output. Suppliers' delivery times continued to lengthen, reaching the longest time-lag since April 2020.
Facebook - Bank of Valletta - BOV Group
Twitter - Bank of Valletta - BOV Group
Linked In - Bank of Valletta - BOV Group
Share this item by email - Bank of Valletta - BOV Group
Share this item:
Print page
Sort reviews by:
Add a review
This item has no reviews yet.
My Guide has identified the following related material
next Previous
Calendar of Events
 
Quicklinks
BOV News Feed
next Previous
BOV Pjazza
next Previous
Get In Touch
Find Us
Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).
© Copyright - Bank of Valletta - Malta | Privacy Notice | Sitemap
developed by
Aqubix