Market Pulse - Currencies
China asks US to correct 'wrong actions' or trade talks won't continue
The Chinese Commerce Ministry said on Thursday that the US needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions.
No strong argument to either raise or lower rates, Fed's Williams says
A top US central bank official does not see strong enough arguments at the moment to either raise or lower interest rates.
US business group in China faces retaliation from escalating trade conflict
The top US business association in China said on Wednesday that half its members faced retaliation by the Chinese government following the escalation of the country's trade conflict with the US.
Trade war resolution looks distant as Xi calls for 'new Long March'
Chinese President Xi Jinping called on his nation's citizens to join him on a "new Long March" on Wednesday, a possible indication that Beijing could be preparing for its trade dispute with Washington to last for an extended period.
May to allow MPs vote on second Brexit referendum, pound rallies
The Prime Minister said in a speech on Tuesday that she will offer MPs a vote on putting her deal to a second referendum if it passes the first stage of voting in Parliament.
FX round-up: Rabobank says risks for the pound lie to the downside
Sterling was little changed at the start of the week, as investors bid their time ahead of the European parliamentary elections, which some - albeit not all - observers said would serve as a proxy vote on Brexit.
Tuesday preview: BoE's Carney, Severn Trent in focus
Investors are likely to focus on the Bank of England's Mark Carney on Tuesday.
British households increasingly concerned about their financial health - survey
British households are becoming increasingly pessimistic about their financial wellbeing, despite record levels of employment, a survey showed on Monday.
US consumer sentiment hits 15-year high in May, UofM says
Americans were in much more buoyant spirits than believed in early May, although the potential impact on sentiment from the breakdown in trade talks between the US and China had yet to be seen, according to the results of a closely-followed survey.
BofA cuts 2020 UK GDP forecast on prolonged Brexit uncertainty, US-China trade war
Economists at Bank of America-Merrill Lynch cut their forecasts for the rate of growth in Britain's economy for this year and next, predicting that the uncertainty around Brexit will last for longer and that the US-China trade war will escalate.
Pound dips as Theresa May promises to provide timeline for stepping down
Sterling is coming under renewed selling pressure after the Prime Minister took a major step on Thursday towards standing down.
Trump declares national emergency and bans Chinese telecoms
Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.
London could face worker shortages due to Brexit visa restrictions
London could suffer from the tougher post-Brexit immigration rules with the City left facing a shortage of workers, said business lobby London First.
White House may postpone car tariffs for as many as six months
The White House may postpone the launch of tariffs on US imports of automobiles and car parts for as much as half a year.
BoE questioned wisdom of criminal charge against Barclays
The Bank of England warned prosecutors that criminal charges against Barclays could destabilise the bank, the Financial Times reported.
US import prices miss forecasts in April
US import prices edged higher last month on the back of dearer fuel imports.
US small business optimism creeps forward in April
Small business optimism improved throughout the month of April, increasing by 1. 7 points to 103. 5, with one index component falling, another unchanged and the remaining eight improving.
Vodafone cuts dividend, full-year EBITDA as expected
Vodafone rebased its full-year dividend to €0. 09 from €0. 15 for the 2018 fiscal year, implying a final dividend of €0. 04, even as it announced its decision to go live with its 5G technology in the UK from 3 July.
Jury orders Bayer to pay couple in excess of $2bn over cancer claims
A jury in California ordered Monsanto-owner, Bayer, to pay over $2bn to a couple who got cancer after using the Roundup weedkiller, in the third and largest verdict against the company over diseases claims.
Trump wages war of words after Beijing ups tariffs
Donald Trump continued his war of words with China on Tuesday, with a series of tweets claiming tariffs had rebuilt America’s steel industry and criticising Beijing for walking away from a deal.