Market Pulse - Currencies
WeWork delays IPO until end of 2019
WeWork has delayed its stock market listing until the end of the year amid growing investor concerns over its corporate governance, valuation and the outlook for the business.
Saudi-led coalition says Iranian weapons used in attack against oil installations
The spokesman of the Saudi-led coalition in Yemen, Turki Al-Maliki, said Iranian weapons were used in the strikes against the Kingdom's oil infrastructure at the weekend.
Drone attacks more than halve Saudi crude oil output
Oil prices are expected to surge higher at the start of the week following an attack by armed drones against the largest crude oil crude-processing installation in the world, at Abqaiq, in Saudi Arabia, at the weekend.
Empire State index dips unexpectedly in September
Factory sector activity in the jurisdiction of the Federal Reserve bank of New York was little changed in September.
Cobham shareholders back $5bn US takeover
Shareholders in British aerospace and defence company Cobham have backed a $5. 0bn takeover by an American private equity firm.
Jefferies skeptical Yemen rebels responsible for attack on Saudi oil
Analysts at Jefferies sounded a skeptical note on Yemeni Houthi Rebels' claim of responsibility for the drone attack at the weekend against key Saudi oil installations.
FX round-up: Pound jumps on return of optimism around UK politics
Sterling jumped at the end of the week amid optimism around UK politics.
LSE rejects Hong Kong offer, reiterates commitment to Refinitiv deal
The London Stock Exchange has rejected a £29. 6bn takeover offer from Hong Kong Exchanges and Clearing (HKEX), saying it remains committed to its acquisition of financial data and trading platform provider Refinitiv.
US retail sales rise ahead of September trade tariffs
The US consumer continued to splash out at a greater than anticipated pace last month, as Americans tried to front-run the incoming trade tariffs at the start of September.
Citi sees 'no chance' of a US-China trade deal before elections
Analysts at Citi cautioned clients on Friday that the key global risks looming on the economic horizon were still very much present, with "no chance" of a US-China trade deal before the next elections in the States and the Federal Reserve being done with cutting rates.
Week ahead: US-China trade, UK Parliament in focus
Investors' attention over the coming week will be squarely on the mid-level contacts scheduled between US and Chinese trade officials.
Energy price drop weighs on import prices in August
Import and export prices both fell last month, on the back of sharp declines in the cost of fuel and agricultural goods.
US pork and soybeans to be exempted from additional China tariffs, says Xinhua
China will exempt some US agricultural imports, such as pork and soybeans, from additional tariffs, according to Chinese state news agency Xinhua.
Bonds: Yields move higher across the board on US-China trade headlines
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Google settles fiscal fraud probe in France for $550m
Google agreed to pay a $550. 0m fine in France to settle a fiscal fraud probe that began four years ago, the country's financial prosecutor’s office announced on Thursday.
ECB cuts deposit rate further and restarts QE
The European Central Bank unleashed a barrage of new stimulus measures, as had been widely anticipated, and opened the door to further easing if needed in order to bring inflation back to target.
France to block Facebook's Libra on European soil
French Finance Minister Bruno Le Maire said Thursday that he would block the development of Facebook’s proposed cryptocurrency libra in Europe, saying that it would put the sovereignty of governments at risk.
US core CPI rises more quickly than expected in August
The cost of living in the US rose more quickly than expected again last month.
Germany headed for recession, says Ifo think tank
The Ifo Institute said on Thursday that Germany's economy is heading for a recession as it cut its growth forecasts for 2019 and 2020.
ECB sources say quarterly forecasts are for growth barely above 1.0%
The European Central Bank will guide towards lower growth and a slower return to price stability when rate-setters meet to decide on policy on Thursday.