Market Pulse - Currencies
Market buzz: Pound pops as GDP revised up, TalkTalk slides
1630:Close London stocks finished an already strong quarter - powered by gains in the oil majors - on an up note, despite a bounce in the pound on the back of a stronger-than-expected reading on first quarter gross domestic product and for services sector activity during April.
FX round-up: Yuan in focus ahead of 6 July US tariff deadline
Sterling slipped further towards its October 2017 lows as Bank of England chief economist Andrew Haldane not to interpret his recent vote for an interest rate hike as a vote for faster rate rises.
Europe close: Auto and Tech stocks crater, sentiment hit by yuan weakness
Investors in Europe took some more money off the table as global trade tensions continued to simmer, with automobile and technology stocks bearing the brunt of selling.
Credit Suisse reiterates 'overweight' stance on Emerging Market stocks
Credit Suisse sounded a confident note on the outlook for Global Emerging Market stocks, citing a multitude of reasons to back up their case, including poor market sentiment towards the group relative to others and how foreign investors had "capitulated".
BoE orders City bosses to crack down on crypto-assets
The Bank of England has ordered the bosses of banks and other financial companies to strengthen checks on crypto-assets such as Bitcoin and not to link pay to risky dealing in those instruments.
European funds' stash of cash at 2014 debt crisis levels, HSBC says
Analysts at HSBC told clients they remain 'overweight' US stocks even as they pointed out that investment funds in Europe were hoarding the most cash since the sovereign debt crisis in 2014.
Market buzz: BoE set for August hike?, Goldman tips England football team
1530: Rabobank sees euro/dollar at 1. 12 on a 12-month view.
MPC's Haskel says there may be much more slack in the economy
Jonathan Haskel displayed a fairly 'dovish' bias in his appointment hearing before the Treasury Select Committee, suggesting that there might be more slack in the economy than previously thought.
US's Mnuchin labels reports of investment restrictions as 'false, fake news'
The US Treasury Secretary rubbished reports that the White House was set to unveil measures against investments in American technology companies by Chinese majority owned-firms specifically, alongside curbs on technology exports to the Asian giant.
FX round-up: Are currencies the next front in the global trade war?
Sterling was slightly weaker at the beginning of the week, with the ongoing concerns around Brexit offsetting the bid resulting from the ongoing aggressive rhetoric out of the White House on trade.
UK business shows 'deep concern' over Brexit in letter to PM
The UK’s five main business lobbies have urged the Prime Minister in a letter to make progress in the Brexit negotiations or risk losing jobs and investment.
China's PBoC shifts policy stance, cuts RRR by 0.50 percentage points
China's central bank cut the amount of reserves that the country's lenders are forced to keep on reserve, in a move that some saw as a shift towards an easing bias in its policy which ultimately would weaken the currency.
Government compromise sees May victorious in 'meaningful vote' scrap
Theresa May’s government has managed to see off a rebellion in The House of Commons, seeing the ‘meaningful vote’ amendment defeated after once again making concessions on the subject.
EU retaliates for US tariffs on aluminium and steel
The European Commission has responded to the US administration's levies on aluminium and steel, formally approving 'rebalancing measures' on €2. 8bn-worth of US exports of agricultural and manufactured goods.
Cryptocurrencies suffer fall after South Korean exchange reports $32m coins stolen
Cryptocurrencies dropped after South Korean exchange Bithumb was hacked and $32m in coins were stolen, including Ripple tokens.
Market buzz: Has gold lost its allure as a safe-haven?
1630:Close Equities paid more attention on Tuesday to the ratcheting-up of tensions between Beijing and Washington as trading kicked-off with a sharp move lower on the Shanghai bourse.
May to reject 'meaningful vote' proposal, setting up Commons showdown
Theresa May is poised to reject a proposal that would hand parliament more power over Brexit, setting the government on a collision course with MPs who want to avoid a 'no deal' Brexit, according to reports on Tuesday.
Leave voters prefer hard Irish border to staying in customs union, poll finds
Two thirds of leave voters in the Brexit referendum prefer a hard Irish border to not leaving the customs union after the divorce.
London midday: Stocks pare losses as Brexit woes hit pound; profit warnings weigh
London stocks had pared losses by midday on Tuesday as Brexit worries weighed on the pound, but escalating tensions between the US and China and a series of profit warnings kept investors on edge.
Significant policy accommodation "still needed", ECB's Draghi says
European Central Bank chief Mario Draghi sounded a confident note on the outlook for inflation on Tuesday, despite the multiple sources of uncertainty surrounding the outlook for growth.