Breaking Economic News
US Fed rate hike probably appropriate in coming months, Yellen says
Another interest rate hike in the US will probably be appropriate in the coming months, US Federal reserve chief Janet Yellen said.
UK GDP up 0.4% in the first quarter
Data from the Office for National Statistics showed UK gross domestic product increased by 0. 4% in the first three months of the year, in line with the flash estimate and as expected.
EgyptAir flight made sharp turn and changed course before disappearing from radars - BBC
The EgyptAir flight that disappeared over the eastern Mediterranean in the early hours of Thursday morning made two sharp turns before losing altitude and radar controllers lost contact with the aircraft.
June 2016 rate hike odds rise after US Fed minutes
A hike in short-term interest rates could well be on the table when rate-setters in Washington DC meet in mid-June, the minutes of their most recent deliberations showed.
Chinese money supply growth slows in April, but government borrowings surge
Chinese lenders pulled back on extending credit in April, but government borrowing surged, possibly indicating that easier credit will help to sustain stronger growth until the end of the year, economists said.
BoE cuts GDP forecasts and warns of Brexit effect on sterling, growth
The Bank of England has cut its growth forecast for 2016 gross domestic product to 2% from the previous 2. 2%, but admitted its estimates could be significantly affected by a Brexit vote.
UK industrial sector slips back into recession after weak manufacturing rally
UK industrial output growth returned to growth in March, according to the Office for National Statistics, but at a slower rate than economists had predicted after a weak start to the year.
Chinese exports rise slightly in April, but markets wary
China's exports improved last month as a weaker currency boosted sales overseas, yet initial market talk was of a lack of a sustained improvement in exports which was having a 'knock-on' effect on suppliers to Chinese firms throughout the Asia-Pacific region.