Market Pulse - Currencies
FX round-up: Pound edges up opposition holds off on no-confidence vote
Sterling edged higher at the start of the week after Labour leader, Jeremy Corbyn, after meeting with opposition leaders, said that he would not pursue a no-confidence vote until a no-deal Brexit was off the table.
JP Morgan spies tactical opportunity in euro area equities, upgrades to 'overweight'
Strategists at JP Morgan sounded a tactically confident note on the outlook for euro area equities, citing investor positioning, the valuation discount versus stocks in the States, accelerating money supply growth and increased speculation around a possible fiscal stimulus package.
Week ahead: Global manufacturing, US September jobs report in focus
The focus over the coming week will revert to global manufacturing and the US jobs market.
Pound dips as BoE's Saunders hints at rate cut
Sterling finished the week on a down note after one of the most hawkish rate-setters on the Monetary Policy Committee signaled that a rate cut was more likely than the opposite.
US personal incomes jump in August, but spending subdued
Americans reined in their spending at the end of the summer despite a jump in disposable income with economists pointing to the drag on sentiment from trade war worries.
Iranian President claims US offered to remove sanctions in exchange for talks
Iranian President Hassan Rouhani on Friday claimed that Washington had offered to remove all sanctions on the Middle Eastern nation in exchange for talks.
US consumer confidence still quite high despite mounting uncertainties - UofM says
Americans grew more confident last month despite their perceptions of increased uncertainty, the results of the most closely-followed survey of consumer sentiment showed.
Queues at Apple stores around the world as iPhone 11 goes on sale
Apple’s latest iPhone has just come out on sale and already tech fans are queueing at the stores to get the upgraded iPhone 11.
Week ahead: UK Supreme Court, US-China trade in focus
The focus over the coming week will revert to Brexit and the ongoing mid-level US-China consultations on trade.
Google to invest €3bn in European data centers expansion
Google is set to invest €3. 0bn over the next two years to expand its European data centers, Chief Executive Sundar Pichai announced in Finland on Friday.
Dublin pours cold water on speculation of imminent breakthrough on backstop
Sterling gave back some of the previous session's gains after Dublin poured cold water on recent speculation that an agreement on a Brexit deal between the European Union and Westminster might be withing grasp.
US Philly Fed index strong in September, but strength to soon be tested
Manufacturing sector activity in the US mid-Atlantic region remained stronger than expected in September, but that resilience was likely to soon be tested and should not be extrapolated to the remainder of the country, economists said.
US Fed cuts interest rates - Analysts react
"We are baffled by the lack of change in the economic forecasts for 2020. [. ] The overriding message here, then, is uncertainty, which has generated forecasts showing that not much will change in either the economy or policy. Probably, this will turn out to be wrong, but it’s just not possible to say with any confidence in which direction, or when. " - Ian Shepherdson, Pantheon Macroeconomics.
Fed cuts by 25 basis points, says outlook still 'uncertain'
America's central bank cut its main policy rate further and now several of its top officials believed that it would need to be lowered again before the year was out.
Trump seeks to 'substantially increase' sanctions on Iran
Donald Trump has asked the US Secretary to the Treasury to increase sanctions against Iran, in the latest escalation of tensions between the two countries.
Netanyahu and election rival in deadlock as race is too close to call
Israel’s Benjamin Netanyahu and his rightwing coalition failed to secure the 61-seat majority they needed in the elections, revealed the first round of exit polls.
BoE Governor Carney may be asked to extend term - FT
Mark Carney may be asked to prolong his term at the helm of the Bank of England if Britain's scheduled date for departing the European Union is delayed again.
Thomas Cook files for chapter 15 protection in US, says Bloomberg
Thomas Cook Group has sought to ensure its bonds are protected from US creditors by filing for Chapter 15 court protection, according to a Bloomberg report on Tuesday.
Apple readies to fight $14bn tax charge against European Commission
Apple's lawyers and Dublin are trying to overturn a landmark tax ruling against them in an appeals court.
Lightspeed Solar Partners to debut on London market
Lightspeed Solar Partners is to float on the London Stock Exchange as it seeks to raise $250. 0m to fund acquisitions.