Oliver Mangan

Oliver Mangan: As stock markets soar, others are less convinced about the Covid-19 rebound

Oliver Mangan: As stock markets soar, others are less convinced about the Covid-19 rebound

Stock markets continue to be underpinned by the run of good data from economies emerging from the great lockdown imposed to contain the spread of Covid-19.

MORE
Oliver Mangan: Even a bare-bones Brexit deal would be preferable at this point

Oliver Mangan: Even a bare-bones Brexit deal would be preferable at this point

The EU-UK trade talks have made very little progress over the first half of the year.

MORE
Oliver Mangan: Retail spending is rebounding at a much quicker pace than expected

Oliver Mangan: Retail spending is rebounding at a much quicker pace than expected

Perhaps the most interesting takeaway from last week’s Bank of England policy meeting was buried deep in the minutes.

MORE
Oliver Mangan: Strap yourself in as market corrections bring volatility

Oliver Mangan: Strap yourself in as market corrections bring volatility

Concerns about a rise in new cases of the coronavirus in parts of the US and a fresh outbreak in China triggered talk of a ‘second wave’, have dented ...

MORE
Oliver Mangan: Stock markets buoyed by government money and vaccine hopes

Oliver Mangan: Stock markets buoyed by government money and vaccine hopes

The recovery in stock markets from their mid-March lows continues unabated despite the plethora of weak economic data and the cautious approach of governments to ...

MORE
Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get

Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get

Survey data that are beginning to come through on the main economies for May warrant careful interpretation.

MORE
Oliver Mangan: The grim economic news rolls in from across the world

Oliver Mangan: The grim economic news rolls in from across the world

Economic data for the first quarter of the year are beginning to roll in from across the world and show big falls, with output plunging in March as the coronavirus ...

MORE
Oliver Mangan: ECB has the firepower and political backing to prevent post-Covid debt crisis

Oliver Mangan: ECB has the firepower and political backing to prevent post-Covid debt crisis

Eurozone leaders met again last week for discussions on designing a recovery plan to tackle the enormous Covid-19 economic crisis and the European Commission has ...

MORE
Oliver Mangan: It seems lessons from 2008 have been learnt

Oliver Mangan: It seems lessons from 2008 have been learnt

Economic growth forecasts continue to be lowered as the scale of the challenge posed by the coronavirus outbreak globally becomes clearer, writes Oliver Mangan

MORE
Oliver Mangan: Only time will tell how long this crisis will last

Oliver Mangan: Only time will tell how long this crisis will last

It is now clear that the coronavirus will result in a major hit to global growth in 2020, with many economies entering recession in the first half of the year, writes ...

MORE
Oliver Mangan: The best and worst-case scenarios for the world economy

Oliver Mangan: The best and worst-case scenarios for the world economy

The OECD’s analysis of the impact of the coronavirus on the world economy published last week sets out two scenarios. In the base case, the epidemic peaks ...

MORE
Oliver Mangan: Interest rates set to be cut to stem economic fallout from coronavirus

Oliver Mangan: Interest rates set to be cut to stem economic fallout from coronavirus

After a stellar 2019, we warned in this column at the start of the year that investors seemed very complacent and were “ill-prepared for shocks, meaning they ...

MORE
Oliver Mangan: Countdown to November’s US election could pose currency risk

Oliver Mangan: Countdown to November’s US election could pose currency risk

The dollar retains the upper hand on foreign exchange markets, with the currency hitting three-year highs on a trade-weighted basis in recent days.

MORE
Oliver Mangan: Euro at 83p is trading at lowest since 2016

Oliver Mangan: Euro at 83p is trading at lowest since 2016

Range trading has been a dominant feature of foreign exchange markets for more than a year now, especially for nearly all the major currencies.

MORE
Oliver Mangan: Global green shoots to be snuffed out

Oliver Mangan: Global green shoots to be snuffed out

There are green shoots despite the slowdown in global economic

MORE
Oliver Mangan: Long road to clinching Brexit free trade deal

Oliver Mangan: Long road to clinching Brexit free trade deal

The UK’s departure from the EU last Friday was a tame enough affair in the end.

MORE
Oliver Mangan: With low-interest rates, opportune time to ramp up public investments on climate change

Oliver Mangan: With low-interest rates, opportune time to ramp up public investments on climate change

Last year, monetary policy returned to an easing mode, in response to a marked slowdown in global growth, and the IMF estimates that the monetary easing added 0.5% ...

MORE
Oliver Mangan: Ingredients in place for more sterling volatility

Oliver Mangan: Ingredients in place for more sterling volatility

We have entered a period of remarkably narrow trading ranges for most of the major currency pairs.

MORE
Oliver Mangan: Irish economy strong despite many challenges

Oliver Mangan: Irish economy strong despite many challenges

The CSO has now published national accounts data measuring the performance of the Irish economy for the first three quarters of 2019.

MORE
Oliver Managan: No sign of recovery for euro against the dollar

Oliver Managan: No sign of recovery for euro against the dollar

The dollar has been at elevated levels for the past five years.

MORE
Oliver Mangan: Markets turn cautious on world economic outlook

Oliver Mangan: Markets turn cautious on world economic outlook

Over the autumn, stock markets rallied strongly, bond yields rose, and traders scaled back their expectations of further policy easing by central banks.

MORE
Sterling may see more drama

Sterling may see more drama

Sterling has remained very range-bound against the euro in the past couple of weeks, after making big gains in mid-October on news of an agreement on a revised Brexit ...

MORE
New Brexit deal to help North secure investments

New Brexit deal to help North secure investments

The revised Brexit deal may have been signed off at the summit of the EU leaders last week, but getting it through the UK parliament is proving to be quite a challenge. ...

MORE
Global economy is flying on a wing and a prayer

Global economy is flying on a wing and a prayer

The Organisation for Economic Co-Operation and Development (OECD), in its latest update on the world economy, said the prospects for global growth have become increasingly ...

MORE
Markets think some sort of Brexit deal will be done

Markets think some sort of Brexit deal will be done

Even though the clock is ticking down towards the UK’s exit date from the EU at the end of this month, Brexit remains as clear as mud.

MORE
ECB inflation message takes Beckett-like turn

ECB inflation message takes Beckett-like turn

A marked improvement in risk appetite has been a noticeable feature of financial markets this month, leading to a sharp rise in bond yields with equities making ...

MORE
Planning for a no-deal Brexit is still the wisest course of action

Planning for a no-deal Brexit is still the wisest course of action

Sterling regained more ground last week as UK politicians moved to close off the prospect of a no-deal Brexit at the end of October.

MORE
Irish economy still solid despite losing steam

Irish economy still solid despite losing steam

The labour market figures for the second quarter of 2019, published by the CSO last week, are the latest data to show that while the Irish economy is still performing ...

MORE
No sign of sterling pressure being relieved as Brexit cliff-edge looms

No sign of sterling pressure being relieved as Brexit cliff-edge looms

Sterling came under downward pressure again over the summer when Theresa May quit as British prime minister.

MORE
Buckle up for sterling and the new British leader

Buckle up for sterling and the new British leader

Most of the major currencies have remained quite range bound in the past few months.

MORE
All eyes on interest rates around the world

All eyes on interest rates around the world

Buoyant stock markets continue to climb higher. The Euro Stoxx-50 is up 17% so far this year-to-date.

MORE