Market Pulse - Currencies
Week ahead: G20 summit, US jobs report in focus
All eyes over the coming week will likely be on the result of Saturday's meeting between the Presidents of China and the US on the sidelines of the G20 leaders' summit in Osaka, Japan, and what agreements - if any - were reached.
US personal incomes and spending rise more quickly than expected in May
Personal income and spending in the US rose considerably more quickly than anticipated in May.
Bitcoin volatility returns with price falling $1,800 in ten minutes
Bitcoin fell by over $1,800 in price in just a 10 minute time span on Wednesday as the 39% jump in prices seen since the start of the week that sent the crypto-currency as high as $13,852 triggered finally buckled.
US and China agree to trade truce ahead of G20 meeting, says report
The United States and China have agreed to a trade truce ahead of a meeting between the leaders of the two nations at the G20 summit in Osaka this weekend, according to a joint report from Politico and the South China Morning Post on Thursday.
Euro area economic sentiment hits 34-month low in June
Economic sentiment across the euro area ebbed to near its lowest level for three years in June and was likely to reinforce the European Central Bank's easing bias, economists said.
US durable goods orders shrink unexpectedly in May
Orders in the US for goods made to last more than three years, a key gauge of business investment, softened unexpectedly in May, amid drops in those for civilian and military aircraft.
US goods trade deficit widens unexpectedly in May, imports higher
America's shortfall in trade on goods with the rest of the world widened last month as imports rose more quickly than expected, contrary to expectations for declines in both exports and imports.
White House may suspend plans for next round of trade tariffs
Washington may not go ahead with another round of levies on Chinese exports while the two capitals are preparing to resume trade talks.
Bitcoin hits $12,900 as analysts spy all-time highs
Bitcoin’s price reached $12,900 for the first time since January 2018 on Wednesday following a furious 14% which has left speculators chomping at the bit in hopes of a further rally up to its 2017 highs or even further.
US Treasury Secretary sees "path" to completing US-China trade talks
American Treasury Secretary Steve Mnuchin on Wednesday sounded an upbeat note on the prospects for a US-China trade deal before the end of the year.
US consumer confidence falls back in June on Mexico tariff fears
US consumer confidence took a big hit in June and inflation expectations soared, according to the results of a widely-reported survey, likely due to the impact on sentiment from the White House's announcement of tariffs on Mexican exports.
US new home sales fall more sharply than expected in May
New home sales in the States slid last month, alongside a drop in prices.
Abbvie snaps up Botox-maker Allergan in $63bn deal
Chicago-based biopharmaceutical company Abbvie snapped up Botox-maker Allergan for roughly $63bn on Tuesday, mostly in cash.
Monzo doubles valuation to £2bn at latest funding round
Digital bank Monzo saw its valuation double to nearly £2bn at its second round of funding which saw it raise £113m in fresh equity from investors led by US-based investment outfit Y Combinator.
FX round-up: Cable dips alongside US dollar
Sterling was on the back foot at the start of the week, with all eyes on whether the front-runner to become the next Prime Minister, Boris Johnson, would participate would join a planned debate on Sky on Tuesday.
Morgan Stanley sees little upside left on Wall Street
Strategists at Morgan Stanley believe the US stock market may be headed for a 10% correction if the economic data continues to worsen over the course of the third quarter.
FX round-up: Euro extends bounce as Draghi broaches need for fiscal stimulus, Fed doves cry
Sterling was on the back foot at the end of the week, especially against the European single currency, as European Central Bank chief Mario Draghi warned a meeting of European Union leaders that in case of a deterioration in the outlook, fiscal policy would need to become much more expansionary than currently projected in 2020.
Commodities: Crude oil and gold futures in focus
Energy futures continued moving ahead at the end of the week as traders kept an watchful on the news flow coming out of the Persian Gulf and the US dollar continued to see some selling pressure.
Retail sales climb as online purchases drive growth, BDO says
Retail sales climbed by 6. 24% for the week ended 17 June as customers racked up a high number of online purchases in the run-up to Father's Day, according to the results of a closely-followed survey.
EU extends sanctions on Russia until 2020
European Union leaders decided on Thursday to extend the bloc's economic sanctions on Russia over the ongoing turmoil in Ukraine into 2020 .