Market Pulse - Currencies
Global equities will end the year higher - Credit Suisse
Credit Suisse believes equity markets will end the year higher, despite a range of global tensions continuing to weigh on equities.
Huawei will cut production by $30bn as international sales slide
The founder of Huawei said the company will slash its production by $30bn over the next two years as a result of the restrictions placed by the US on the Chinese telecoms giant.
US pre-open: FOMC meeting in focus, Wilbur Ross downplays chances of major deal
Wall Street futures were tracking slightly higher ahead of the open on Monday, with investors looking ahead to a key meeting of the Federal Reserve later in the week even as the upcoming G-20 leaders' summit in Japan loomed ever closer.
Facebook hires Standard Chartered executive ahead of crypto launch
Facebook has hired a senior Standard Chartered executive, Ed Bowles, ahead of the expected launch of its very own cryptocurrency and financial services business.
US consumers' inflation expectations hit 40-year low in May, UofM says
Americans' outlook on the economy didn't worsen by as much as had been expected in June, according to the results of a closely-followed survey, but their expectations for inflation dropped to a four-decade low.
Rouble strengthens after Russian central bank cuts rates, as expected
Russia's central bank took back its late 2018 pre-emptive interest rate hike as it revised its near-term forecasts for inflation and economic growth lower, leaving the door open to a another rate cut at one its next board meetings and a possible shift to a "neutral" policy before mid-2020.
US industrial production edges past forecasts in May
US industrial production rose more quickly than expected last month, led by a jump in utilities output.
Broadcom warns on impact of trade uncertainty, Huawei restrictions
US chip maker Broadcom turned cautious on the outlook for the back half of 2019 on Thursday, citing the "continued geopolitical uncertainties" and the impact of export restrictions on one of its largest customers, presumably Chinese telecoms equipment manufacturer Huawei.
Europe midday: Stocks down on geopolitical worries, tech and basic resources weakest
Stocks are moving lower at the end of the week, weighed down by a spate of mixed readings on the Chinese economy for the month of May and amid heightened tensions in the Persian Gulf.
Trump doesn't specify deadline for new tariffs on China
US President Donald Trump declined to set a deadline on Wednesday for the latest tariffs he is planning to impose on Chinese goods.
Sajid Javid approves US extradition order for Julian Assange on spying charges
British Home Secretary Sajid Javid has signed the request for the extradition to the US of WikiLeaks founder Julian Assange where he will face charges of spying and computer hacking.
UK house market steadies in May - RICS
Delaying the UK’s planned departure from the European Union has helped steady the country's housing market, a survey claimed on Thursday.
Commodities: WTI, copper slip amid trade tensions and rising US dollar
Energy futures slid on Wednesday amid the ongoing trade stand-off between the US and China and against the backdrop of a strengthening US dollar.
Johnson warns Brexit delays open door for Labour govt
Boris Johnson started his Conservative leadership campaign on Wednesday with a warning that delaying Brexit beyond October 31 would result in the defeat of the government.
Trump urges China to adhere to already agreed terms on trade or risk more tariffs
President Donald Trump said that China must adhere to the terms of the trade deal that it had agreed to earlier in 2019 or risk a no-deal and higher tariffs.
ECB's Villeroy ready to do 'whatever it takes'
The European Central Bank would add to existing policy stimulus if economic growth hit the skids, but it could only be expected to do so much to offset global trade tensions, a top official said on Wednesday.
China CPI picks up in May, but underlying inflation muted
Consumer level inflation in China picked up last month as pork prices increased at their fastest pace for 35-months, but underlying price pressures in fact slowed, pointing to still lacklustre demand, according to analysts.
Spain's PSOE and Podemos agree to cooperate on new government
The PSOE party in Spain agreed on Tuesday to cooperate on forming a government with far-left party Podemos in its latest move to secure a majority in parliament.
Investors positioning for a likely recession in Germany, Sentix says
Investor sentiment towards nearly all regions soured last month, after US-China trade tensions escalated, and could drag Germany into recession, according to the results of a widely-followed survey.
Trump threatens China with more tariffs if Xi refuses meeting at G20
US President Donald Trump threatened China with a further hike in tariffs if President Xi Jinping refused to meet with him at the upcoming G20 summit in Japan.