Market Pulse - Currencies
Egypt requests Interpol help return 'stolen' relic sold in UK
The Egyptian Ministry of Antiquities have requested Interpol help track down a 3,000 year-old sculpture of pharaoh Tutankhamun that was sold last week in the UK.
Richard Branson's Virgin Galactic to go public
Richard Branson’s Virgin Galactic space tourism business is set to go public later in 2019 and if successful it will become the first listed space tourism outfit .
US-China trade talks to resume this week
Talks aimed at ending the trade war between China and the US are set to resume as early as this week.
Corbyn calls on new Tory leader to hold second Brexit referendum
Labour leader Jeremy Corbyn has called on the next Tory leader “to have the confidence” to put the Brexit outcome back in the hands of the people in a second referendum and says Labour will campaign to remain in the European Union.
Government clashes with its own business advisers over no-deal Brexit
A group of business experts appointed by the UK government to look for alternatives to the “backstop arrangement” for the Northern Irish border have clashed with Westminster over the possibility of a no-deal Brexit.
Nintendo confirms partial switch of production out of China
Nintendo is to move part of the production of its bestselling Switch gaming console away from China, it emerged on Tuesday.
Bonds: Greek bonds outperform, ECB officials push back
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
FX round-up: Pound little changed as traders mull 'no-deal' downside
Sterling was little changed at the start of the week, as Conservative party members began voting on 6 June to choose between Boris Johnson and Jeremy Hunt as their next leader.
China's Wang argues for country to stay course on global integration
A top Chinese official called on Monday for greater global economic integration, arguing that the best path forward for his country was to seek to develop through reform and innovation and that it was "determined to open up to learn the advantages of other nations".
CFOs increasingly downbeat as Brexit inches closer - survey
British companies are increasing pessimistic about UK’s impending departure from the European Union, with a majority believing it will harm the long-term business environment, a survey of chief financial officers has found.
Morgan Stanley downgrades global equities to 'underweight'
Morgan Stanley has cut its stance on global equities to 'underweight', taking its allocation down to the lowest level in five years, as it argued that the risk/reward over the next three months looks "poor".
US non-farm payrolls rise by 224,000 in June, calling Fed cuts in question
Hiring in the US picked up by a greater than expected 224,000 last month, leading some economists to trim their forecasts for interest rate cuts by the Federal Reserve at its next policy meeting on 30-31 July, whilst others dug in their heels against widespread predictions for imminent easing, anticipating instead that a move would come in September.
Week ahead: US-China trade talks, Fed's Powell in focus
US and China trade talks will be in the spotlight over the coming week, following reports of already ongoing talks by phone and that face-to-face conversations are to be scheduled.
Jaguar Land Rover to build electrified car range in UK
Jaguar Land Rover will build range of new electrified cars at its Castle Bromwich plant in Birmingham, starting with the next-generation all-electric Jaguar XJ, the company confirmed on Friday.
Commodities: Brent and copper dip amid thin trading volumes, growth concerns
The commodities space saw lacklustre trading on Thursday despite optimism around the US-China trade talks, what with many traders in the City opting to mimic their counterparts in the States, who were away from their desks on account of the 4 July holiday.
FX round-up: Some analysts eye pound strength ahead, anticipate second Brexit delay
It was a quiet day of trading in foreign exchange markets on Thursday, with many traders in the City mimicking their counterparts in the US, who were for the most part absent from their desks on account of the 4 July holiday.
Bank of Russia flags possible interest rate cut in July
Bank of Russia may cut its official interest rates again at the end of the month, perhaps even by as much as 50 basis points.
UK car registrations fall for fourth consecutive month
Data released on Thursday showed that total new car sales have declined for the fourth month in a row in June, while alternatively fuelled vehicle demand dropped for the first time in 26 months.
US must remove tariffs for trade deal to happen, Chinese official says
Washington will have to remove its existing tariffs if it wants to close a trade deal with Beijing, a top Chinese official said.
Subdued domestic demand sees Eurozone retail sales slide
Retail sales eased across the Eurozone in May as consumers tightened their belts, official data showed on Thursday.