ECB raises ELA cap for Greek banks

The European Central Bank has raised the amount of funding it makes available to Greek banks again.

Chinese manufacturing PMI buoyed by export orders in June

The pace of contraction in Chinese manufacturing slowed in June as the pace of growth in new orders picked up, a widely-followed survey of activity in the country revealed.

BoE could raise interest rates as early as this year, says McCafferty

The Bank of England could hike interest rates within the end of the year, or six months later, Ian McCafferty, on of the bank's policymakers, said on Friday.

Eurogroup fails to reach agreement with Greece

Euro area finance ministers meeting in Luxembourg on Thursday failed to reach an agreement with Greece, but a deal was still possible in coming days, the president of the body said.

Philadelphia Fed Index jumps to 15.2 in June, beating forecasts of 9.0 reading

UK retail sales rise 4.6% in May

UK retail sales grew more than expected in May, official figures released on Thursday showed.

Two Fed rate rises still possible in 2015, but slower thereafter

The Federal Reserve may yet raise interest rates twice in what remains of 2015, the latest set of economic projections from the Fed´s rate-setters showed.

Market overview: Positive comments from Deutsche on Lloyds

1401: In anticipation of the upcoming Basel 4 requirements – to improve ho wbanks measure balance sheet risk and “advertis” their [capital] ratios - Deutsche bank has analysed which lenders look best as banks are rehabilitated as dividend paying equities. The stocks it “likes” are: Lloyds, Danske, Unicredit, Banco Popolare, Commerzbank and Bankinter.

Eurozone CPI inflation in line with expectations in May

Eurozone consumer price index (CPI) met expectations in May, official figures released on Wednesday showed.

UK unemployment declines in three months to April, ONS says

UK unemployment declined in the three months to April, official figures released on Wednesday showed.

UK Consumer Prices Index inflation rate climbs 0.1% in May

UK inflation rate, as measured by Consumer Prices Index (CPI), climbed back into positive territory last month, figures released on Tuesday showed.

Core Consumer Price Index inflation misses forecast in May, ONS says

Greece missing payments on bonds held by ECB would not trigger a default

Rating agency Standard & Poor's Ratings (S&P) said it would not downgrade Greece even if the country failed to meet the payment deadline on bonds maturing in July and August totaling €6. 7bn held by the European Central Bank (ECB).

Uni Michigan sentiment beats expectations in June

US consumer sentiment beat expectations in June, according to a widely followed gauge.

US retail sales rise 1.2% in May, as expected

US retail sales rose 1. 2% to $444. 9bn in May compared to a month earlier, as expected by analysts, according to the Department of Commerce on Thursday.

Oil and gas extraction boosts UK industrial output in April

A jump in mining output boosted the UK's industrial production in April.

Greece presents new proposals to Brussels, analysts highly sceptical

Greece has presented a new set of proposals to its creditors in a bid to buy precious time to broker a medium-term agreement, but at least one leading think-tank warned that any stop-gap measures could be counter-productive.

OPEC holds oil production quota at 30mbpd, says it will "leave prices to the market"

OPEC has decided to maintain its oil production quota at 30m barrels per day (bpd) in line with market expectations following the conclusion of its meeting in Vienna, Austria on Friday.

OPEC agrees to keep output at 30 million barrels per day, reports claim

The cartel of oil producing countries has decided to maintain its level of "output" unchanged at 30m barrels per day according to delegates cited by The Wall Street Journal.

Oil market 'balanced', producers inexorably looking to Asia, says Saudi oil minister

The oil market is well balanced with more than adequate supplies, Saudi Arabia’s oil minister Ali Al-Naimi said, ahead of the latest OPEC ministers meeting in Vienna, Austria on Friday.