Market Pulse - Currencies
White House readies $400bn-worth of possible tariffs on Chinese made goods
President Donald Trump instructed his country's Trade Representative to identify another $200bn-worth of goods on which to levy 10% tariffs.
FX round-up: Pound weakens ahead of Lords vote, MPC
Sterling started the week off on a weak note, ahead of a Lords vote on Tory rebels' demands for a 'meaningful vote' in Parliament in case of a 'no-deal' Brexit.
FX round-up: Sterling jumps against euro, US dollar leaps against Argentine peso
Sterling had a torrid run against the single currency on Thursday, after the European Central Bank managed to again catch foreign exchange traders on the hop by delivering a 'dovish' end to its plans to end quantitative easing.
US will not lift sanctions on North Korea until 'complete denuclearisation'
US Secretary of State Mike Pompeo said in a conference in Seoul with his South Korean and Japanese counterparts on Thursday that the US would not lift economic sanctions on North Korea until the "complete denuclearisation" of the country.
Market buzz: Summit for nowt? Withdrawal Bill debate in focus
1700:Close Stocks dipped and the pound edged higher after the first day of the Commons debate on the proposed amendments to the Withdrawal Bill.
May set to avoid defeat on customs union vote with last minute deal
Prime Minister Theresa May faces an important two days of House of Commons debate on Brexit but has avoided a humiliating defeat on customs union vote after reaching a compromise with pro-EU rebels and leading Brexiters.
Chinese credit growth slowest since 2006 in May
The flow of credit in the Chinese economy reached its lowest ebb since 2006 last month, as borrowing by local governments slowed.
Chinese producer prices beat forecasts in May
Consumer price inflation in China was stable last month, even as factory gate prices accelerated on the back of higher commodity prices.
Sunday newspaper round-up: Brexit, Russia, inflation, Rolls-Royce, Sainsbury's
The hidden scale of Kremlin links to the biggest donor to the Brexit campaign are revealed today. Arron Banks, the millionaire businessman who helped fund Brexit, was offered a business deal involving six Russian goldmines. He also had undisclosed meetings with the Russian ambassador to Britain — set up by a suspected Russian spy — and paid a previously unknown visit to Moscow at the height of the campaign. - Sunday Times.
CBI cuts economic growth forecast over Brexit uncertainty, protectionist policies
The Confederation of British Industry has cut its economic growth predictions for the UK for this year and next due to Brexit uncertainty and protectionist rhetoric crimping investment.
Emerging market correction 'has further to go'
The US is at the centre of erupting drama across emerging markets this week, with Brazil's and Mexico's stock markets and currencies crashing, India unexpectedly hiking interest rates and Turkey tightening policy for the third time in less than two months.
Davis, May compromise over 'backstop' Irish border plan
Brexit Secretary David Davis and Prime Minister Theresa May on Thursday averted a crisis when they agreed a compromise on the proposed Irish border "backstop" plan stating the arrangement should be in place by the end of December 2021 and "time limited" .
World Bank warns trade tensions could lead to new global financial crisis
The World Bank has warned that the possibility of policy shocks from major economies and trade tensions such as the escalating tariffs between the US and its trading partners could lead to financial market disruptions and potentially to a large scale financial crisis.
UK to formally propose time-limited extension of current customs union this week
Westminster will propose to Brussels a time-limited extension of the current tarriff arrangement with the European Union this week, Bloomberg reported citing two persons familiar with the government's plans.
Euro area producer prices slip in April, as energy costs ebb
Factory gate prices in the single currency bloc fell back in April as energy cost pressures continued to ebb.
Market buzz: US jobs reports beats forecasts, Spain dumps PM
1555: Housebuilder Barratt Developments was boosted by an upgrade form JP Morgan to 'overweight' from 'neutral', while reversing that call and downgrading rival Taylor Wimpey to 'neutral'. Persimmon was reiterated at 'overweight'.