Market Pulse - Currencies
UK car production plunges 20% in first half of 2019 due to Brexit uncertainty
UK car production fell for a 13th consecutive month in June new data showed, with companies left holding a £330m 'no deal' mitigation bill.
Jefferies upgrades BP to 'buy', spies possible dividend increase
Analysts at Jefferies upgraded their recommendation for shares of BP from 'hold' to buy', telling clients that the firm's gearing had likely already peaked "in the near term" and that a dividend hike was possible in the third or fourth quarter of 2019.
US Congress to block trade deal with UK if Irish peace compromised
American congressmen and diplomats warned that it would block any US-UK trade deal after Brexit if the divorce with the European Union affected the Irish border, putting the peace in Northern Ireland at risk.
US consumer confidence rebounds strongly in July, Conference Board says
Americans' confidence rebounded forcefully in July following a big drop during the previous month on the back of concerns around the worsening outlook for global trade, the results of a well-known survey confirmed.
BBA Aviation disposes of OEM-licensed parts business for $1.36bn
Support services group BBA Aviation has entered into an agreement to dispose of OEM-licensed parts provider Ontic for a total value of $1. 36bn.
Jupiter Fund Management beats on first half revenues and profits
Jupiter Fund Management saw its assets under management grow over the first half of the year, despite bigger than expected outflows, which helped the firm to deliver higher than expected earnings, its dividend payout underwhelmed.
China claims it has increased US soy imports
Chinese state media said on Sunday that the Asian country had purchased several million tonnes of US soybeans since 28 June, when Donald Trump and Xi Jinping met in Osaka, although those volumes had yet to show up in US government data.
Barclays and RBS among banks facing lawsuit over forex-rigging
Barclays, Citigroup, Royal Bank of Scotland, JPMorgan, UBS and Japan’s MUFG face a civil lawsuit in London over forex-rigging deals.
Pound slides as Boris Johnson pledges fresh Brexit negotiations
Boris Johnson on Monday pledged to "go the extra thousand miles" to seek an exit deal with the European Union, even as government preparations for a no-deal Brexit sent the pound to fresh lows.
Boeing engineer claims production for 737 Max model 'not adequately funded'
A former Boeing engineer claimed that the production of the controversial model 737 Max was not adequately funded.
Vauxhall considers moving Astra production out of Britain
Vauxhall owner PSA said on Monday that it could move Astra production out of the Ellesmere Port factory in the UK if its profits are hurt by Brexit.
UK mortgage approvals jump past forecasts in June
UK mortgage approvals rose past forecasts last month, alongside increasing consumer credit and a pick-up in the rate of growth of households' broad money holdings, pointing to continued economic growth ahead of the October Brexit deadline.
Europe close: Stocks end lower on US-China trade concerns
Stocks on the Continent were lower on Thursday although they managed to finish off their worst levels, with market sentiment dented by concerns around US-China trade talks and a slew of poor corporate updates out of the technology sector on both sides of the Atlantic.
Huawei not a sticking point in US-China trade talks, Mnuchin says
US and Chinese trade negotiators were set to hold telephone talks on Thursday night, US Treasury Secretary, Steve Mnuchin told broadcaster CNBC.
US-China tarde talks hit a snag over Huawei, WSJ says
Trade talks between Washington and Beijing have reportedly hit a snag amid Chinese demands for the US administration to ease its restrictions on Huawei, the country's largest telecommunications equipment maker.
First time US weekly jobless claims edge past forecasts
First time unemployment claims in the States rose a tad more than expected during the previous week but continued to point to still solid labour market conditions.
Euro slips on report ECB looking at revising inflation target
The euro slipped on Thursday on a report that the European Central Bank had started to look at revising their inflation target.
FX round-up: Traders jittery as pound nears post-Brexit slows
The possibility of a further sharp drop in the pound was brought into sharp focus on Wednesday as Sterling's slide deepened, taking it closer to the lows plumbed more than two years back in the aftermath of the referendum on Brexit.
UK households' incomes squeezed to 1990s recession levels
Households in the UK have seen their incomes squeezed more in recent years than during the 1990s recession, reported the Resolution Foundation on Wednesday.
WTO rules against US in pre-trade war dispute with China
The World Trade Organization said some US tariffs on Chinese goods do not comply with its rules and that it will authorise retaliatory sanctions.