Market Pulse - Currencies
IMF's Lipton warns of particularly slow global trade growth
A top International Monetary Fund official warned central banks that they should stand ready to help should economic growth slow even more rapidly.
US retail sales volumes jump, driven by auto and fashion sales
US retail sales volumes grew a tad more quickly than expected last month, boosted by sales of automobiles and food and beverage stores.
Codebreaker Alan Turing new face of £50 note
The mathematician and codebreaker Alan Turing, whose work helped shorten the Second World War, is to be the new face of the £50 note.
Trump considers removing Wilbur Ross following Supreme Court defeat
Donald Trump has allegedly told aides and close allies that he was contemplating removing Commerce Secretary Wilbur Ross after he backed down from adding a contentious question on citizenship to the 2020 census, according to NBC News.
Gilead Sciences inks 10-year collaboration deal with Galapagos
Gilead Sciences will pay over $5. 0bn for the exclusive licence and options rights to Belgian-Dutch biotechnology outfit Galapagos's entire pipeline of potential drugs outside of Europe.
US final demand prices edge up in June but unchanged at the core level
Wholesale price inflation in the States was a tad more muted than anticipated last month with core prices holding steady for a third consecutive month.
Iran demands return of tanker as UK sends second frigate to Gulf
Iran demanded the UK release an oil tanker seized in Gibraltar last week and warned Britain was playing a “dangerous game” as the Royal Navy prepared to send a second warship to the region.
Bank Rate might be headed towards zero in 'no deal' Brexit
Bank Rate might be headed towards zero in case of a no-deal Brexit, a top Bank of England official said at the end of the week.
China's Fosun to invest £750m in debt-ridden Thomas Cook
British travel firm Thomas Cook announced on Friday that it was in "advanced discussions" with Chinese conglomerate Fosun and multiple banks regarding a £750m capital injection and the break-up of the group.
Weak imports boost Chinese trade surplus in June
China's foreign trade surplus continued to increase last month as weak domestic demand weighed on the country's imports more than anticipated.
Ashmore's quarterly AuM grow by lower than expected $6.5bn in Q4
Global fund management group Ashmore saw its assets under management jump again during the fourth quarter of its trading year, albeit by less than expected by some analysts and with market performance accounting for a larger proportion of the improvement than anticipated.
Fed chairman sees risk of more persistent shortfall on inflation
US central bank chairman Jerome Powell signalled on Wednesday that the door was wide open to policy easing, telling lawmakers that there were increased risks bearing down on the US economy from overseas even as price pressures remained muted.
Jefferies backs Boeing despite slide in deliveries
Jefferies has reiterated its ‘buy’ recommendation on Boeing, despite a slump in second-quarter deliveries that left rival Airbus poised to overtake the US company as the world’s biggest plane manufacturer.
Eurozone downgrades growth forecasts as global trade tensions rise
The European Commission has revised down its 2020 growth forecast for the Eurozone, blaming heightened global trade tensions and the threat of a no-deal Brexit.
Bonds: Yields back-up ahead of Fed's Powell
These were the biggest movements in the most widely-followed 10-year sovereign bond yields:.
UK economy returns to growth as car production picks up
The UK economy grew in May, reversing earlier declines, as previously stalled car production started to pick up, official figures showed on Wednesday.
UK foreign trade deficit narrows in May as imports drop
The UK's shortfall in trade with the rest of the world narrowed over the three months to May, but chiefly as a result of purchases of overseas goods.
French industrial output soars in May
French industrial output jumped in May on the back of increases across most sectors, leading some economists to revise their forecasts higher.
Trump and Xi talked by phone on Tuesday, no details reported
The Presidents of the US and China held a telephone call on Tuesday, the first since the G20 leaders' summit at the end of June.
Chinese CPI steady in June, factory gate prices ease
Consumer price inflation in the people's Republic of China was steady in June, despite a sharp rise in pork prices in the wake of the wave of Africa swine fever.