Market Pulse - Currencies
Fed's George not ready to vote in favour of rate cuts
A top US central bank official made the case against further interest rate cuts so long as the American economy was growing at a pace near what rate-setters' forecast, pointing out that the costs associated with unwarranted policy easing.
ECB sees potential need for fiscal stimulus to buttress growth
Policymakers at the European Central Bank put in motion preparations for further monetary stimulus when they last met, although they believed that if the Eurozone economy deteriorated significantly more then it would be national governments' turn to step in with higher spending, the minutes of their most recent policy meeting revealed.
FX round-up: Pound dips as 'no-deal' Brexit risks rise
Sterling drifted slightly lower on Wednesday following the release of data showing a narrower than expected fiscal surplus for July as the government ramped up its Brexit preparations.
Facebook's Libra under investigation in EU antitrust probe
European Union antitrust regulators have kicked off a probe on Facebook’s cryptocurrency Libra project reported Bloomberg.
Canaccord raises Mitchells and Butlers to 'buy' following sector shake-up
Analysts at Canaccord Genuity upped their rating on pub operator Mitchells and Butlers to 'buy' from 'hold' on Wednesday, stating that bids elsewhere in the sector had ignited a reappraisal of the group and its shares.
UK tech companies ahead of US in attracting foreign investment
UK tech businesses have secured a total of £5. 5bn ($6. 7bn) in foreign investment since January 2019, with £3. 1bn of it originating in the US and Asia, government data revealed.
Investors balk at German 30-year debt at negative yields
Investors balked at an attempt by Berlin to sell 30-year bonds at negative rates.
Bank to cut rates by 50 basis points after 'no deal' Brexit, Barclays says
The Bank of England would most likely be forced to cut rates again before the middle of next year after Britain leaves the European Union without a deal, leading to a jump in prices that would wallop the economy.
Mattarella to start multiparty talks to study new ruling coalition
Italian President Sergio Mattarella is set to begin two days of talks with the leaders of the country's various political parties on Wednesday to try and reach an agreement regarding a new ruling coalition and thus avoid having to call fresh elections.
Trump puts off state visit to Denmark after Greenland bid rejected
US President Donald Trump postponed a meeting with Denmark’s PM Mette Frederiksen scheduled for 2 September following her rejection of Trump’s bid to purchase Greenland.
FX round-up: Pound edges higher following remarks by German Chancellor
Sterling edged higher in a risk-off session on Tuesday after German Chancellor Angela Merkel appeared to open the door to a compromise solution on the Brexit backstop.
Italian PM Giuseppe Conte resigns amid political crisis
Italian Prime Minister Giuseppe Conte resigned on Tuesday in the latest phase of the country's political crisis following Matteo Salvini’s grab for power.
John Laing makes first investment in Latin America with Colombian project
John Laing has entered into a Colombian road project for its first investment in Latin America, the company announced on Tuesday.
Commodities: Crude gains after drone attack on Saudi field, gold futures dip
Strength in energy futures helped offset weakness in metals and agricultural futures at the start of the week amid more positive news headlines on global trade and speculation of further policy easing by several of the world's major central banks.
CK Asset Holdings to buy Greene King for 850p a share
Shares of Greene King surged on Monday as the pub group agreed to be bought by a subsidiary of CK Asset Holdings, the flagship of the CK Hutchison Group, for 850p a share in cash.
German economy may dip into recession in Q3, Bundesbank says
The Eurozone's largest economy may be set to fall into a recession, according to Germany' central bank.
Trump backs US tech giants in protest against French tax
Trump has offered his support to America's largest technology companies in their fight against France's proposed new tax on them.
Week ahead: Huawei, Jackson Hole symposium in focus
The economic calendar will be exceedingly thin over the coming week and back-end loaded but with several potential key risk events strewn across investors's paths.
German government ready to incur in deficit spending
The German government will break its self-imposed prohibition on so-called deficit spending if the economy falls into recession.