The Tokyo Stock Exchange suspended share trading for the full day today as a glitch in its electronic trading system caused the worst outage ever suffered by the world’s third-largest stock market. The shutdown frustrated investors looking to buy back shares after the first US presidential debate. It could also tarnish the exchange’s credibility just…
Monthly Archives: October 2020
The Department of Finance has significantly revised upwards its outlook for the economy this year. In a statement published this afternoon, the department has forecast that the economy, as measured by GDP, will shrink by 2.5% this year. But that compares to a forecast by the department in April that projected that GDP would shrink by…
Britain’s economy shrank by a record 19.8% in the second quarter of 2020 when Covid-19 lockdown measures were in force. This was a slightly smaller decline than an initial estimate of a 20.4% fall in output, official figures showed today. Output during the three months to the end of June was 21.5% lower than a year…
Consumer sentiment improved marginally in September, recovering about half of the decline seen in August, a new survey shows today. The KBC Bank Ireland consumer sentiment index increased to 60.7 in September, a 1.8 percentage point gain that followed a 3.7 point drop in August. The September reading remains well above the low-point of 42.6…