South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
British households are squeezed again
UK households are currently facing the tightest squeeze on their finances for the last three years, while the BoE’s signal that it’s about to lift interest rates will probably make things worse, a poll disclosed on Monday.
IHS Markit revealed in its monthly statement that in September Household Finance Index went down to 42.8 from 43.4 in August, although it’s still above a three-year minimum of 41.6 observed in July.
Assessing the third quarter in general a conclusion arises that the index's average reading turns to be its lowest outcome since 2014.
UK households have been affected by rapidly soaring inflation since the previous year's Brexit vote as well as dismal surges in wages.
Monday's poll disclosed the amount of cash available to spend kept going down at one of the steepest rates observed for the last three years.
The previous week the BoE told it actually expected to lift interest rates in the nearer months if inflation pressure kept building. That statement shocked many market participants.
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South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
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