Market Pulse - Currencies
China and US go head-to-head at WTO meeting
The US and China sparred again over their respective trade policies at a World Trade Organisation meeting in Geneva at the start of the week.
SOVA Capital hires Steven Woolley as new head of compliance
Sova Capital has moved to beef-up it top ranks, hiring several well-known names in the City as it prepares to expand its geographical footprint.
ECB will reinvest proceeds from APP past date of first rate hike
Rate-setters at the European Central Bank stayed put on interest rates but tweaked their so-called 'forward guidance' as regards the reinvestment of the proceeds from its asset purchase programme.
US final demand prices for November fall back as expected
Wholesale inflation in the States fell back last month as goods and energy prices receded, but printed ahead of forecasts at the so-called 'core' level.
China moving to cut tariffs on US cars
Chinese authorities are moving towards reducing the tariffs on imported cars from the US imposed during the ongoing trade spat with Washington, Bloomberg reported.
China November CPI undershoots forecasts
Inflation pressures in China continued to recede last month, hinting at softer economic growth head, according to economists.
Chinese export and import growth slows sharply in November
Both Chinese exports and imports slowed last month with the former buoyed by firms' attempts to front-run the new US tariffs that had been expected to kick-in at the start of 2019.
Russian CPI inflation picks-up as expected in November
The cost of living in Russia accelerated to its quickest pace in over a year last month on the back of dearer food.
US foreign trade deficit hits 10-year high as soybean exports decline
America's trade shortfall with the rest of the world widened a tad in October on the back of stronger import demand.
Huawei arrests prompts global sell off
The FTSE 100 tumbled to a two-year low on Thursday after the arrest of Huawei’s chief financial officer rattled investors worldwide.
Mervyn King blasts May's Brexit plan and BoE successor Carney
Former governor of the Bank of England Mervyn King on Tuesday launched an attack on the government, likening Theresa May’s Brexit deal to appeasement tactics used with Nazi Germany in the 1930s.
Palladium price hits record high and gets within $10 of gold
Palladium prices are hitting record highs and could reach parity with gold, in a market considered to be in an annual supply/demand deficit, according to analysts.
Credit Bank of Moscow sees further weakness ahead in the rouble
Russia's rouble may be headed lower in 2019, according to one of the country's top lenders, regardless of the nascent rebound in crude oil prices.
Start date for talks with China was 1 December, Trump says
The US President weighed in on Tuesday indicating that the roughly three-month long window for trade negotiations with Beijing had begun on 1 December while reiterating the broad outlines of the agreement struck with his opposite number in China, Xi Jinping.
US and China ink temporary trade truce, analysts give mixed reaction
The US and China agreed to renegotiate their trading relationship at the weekend, with both sides offering concessions, although at least initially analysts appeared divided in their reactions.