Technological progress usually goes hand in hand with a fear that jobs will disappear. However, as yet there is no irrefutable evidence that technological progress has reduced the overall number of jobs, at least not from a long-term perspective. Will things be different this time around?
Your monthly appointment with the financial markets. What were the trends for equities, bonds, currencies and commodities in the past month, and what made the markets move ? You can discover the most striking evolutions in this clear and concise analysis.
Exactly three years ago, David Cameron pledged to renegotiate more favorable terms for EU membership and then present this to British citizens in a referendum. The latter could be held any time up until the end of 2017 but Cameron is willing to move faster.
2017 looks set to be a more than decent year for the equity markets, although the markets stopped for breath in November. Our expert, Johan Gallopyn, outlines the main trends on the equity, bond and currency markets of the past month.
By the time the outcome of the UK referendum to leave the EU became clear, the pound sterling (GBP) started the steepest descend in 24 hours against the euro since the European single currency came into existence. Against the dollar, GBP experienced its largest two-day drop in the post-Bretton Woods era.
Economic activity is cruising. Confidence indicators continue to surprise positively, pointing to a solid cyclical growth momentum in the months ahead. Unemployment is coming down, yet stronger labour market conditions have failed to generate meaningful upward price pressures so far.