Market Pulse - Currencies
Hong Kong shoved into recession by protest chaos
Hong Kong's economy has fallen into recession amid US-China trade uncertainty and months of protests that have resulted in shop closures, public transport interference and a drop in tourism.
UK car production falls by 3.8% amid weak demand, says SMMT
UK car production dropped by 3. 8% in September due to lower demand both at home and abroad, according to data released on Thursday by the Society of Motor Manufacturers and Traders (SMMT).
British expats must register to vote immediately, says deVere CEO
The boss of a major independent financial advisory organisation has urged British expats to register to vote in the upcoming general election as soon as possible.
Chicago PMI falls again amid drops in new orders and backlogs
A closely-followed survey of manufacturing sector conditions in the Chicago area pointed to a further worsening in October, as levels of new orders and order backlogs shrank.
US personal incomes and spending edge past forecasts in September
Americans splashed out at a slightly faster pace last month, alongside slightly softer price pressures.
FOMC cuts target for interest rates by another 25 basis points
Rate-setters in the US lowered the target range for official short-term interest rates on Wednesday, arguing that it would help to sustain economic growth and to meet its symmetric target for a rate of consumer price inflation near 2. 0%.
US Q3 GDP beats forecasts, but some economists caution details weak
Economic growth in the US slowed further last quarter amid a sharp slowdown in firms' investment on equipment which some economists said pointed towards a further slowdown in the months ahead.
Chile cancels APEC summit
Chilean authorities took the unprecedented step on Wednesday of cancelling the upcoming summit of the Asia Pacific Economic Forum in Santiago, Chile.
Johnson's Brexit deal would slash £70bn off UK economy, says NIESR
The Brexit deal secured by UK Prime Minister Boris Johnson would leave the country £70bn worse off than if it remained in the European Union, according to a report released on Wednesday.
German jobs market cools in October, adding to calls for fiscal stimulus
German unemployment rose only slightly more quickly than expected in October as the country's economy fell into a recession, but some economists said that might be enough to push policymakers to enact fiscal stimulus.
Airbus set to clinch near record order with IndiGo
European aerospace giant Airbus is set to clinch a multi-billion pound order from Indian budget carrier IndiGo.
Full-time gender pay gap widened, says ONS
The UK's gender pay gap for full-time employees has widened in favour of men during 2019, according to data released on Tuesday by the Office for National Statistics (ONS).
Russian central bank cuts rates by 50 basis points
Rate-setters in Moscow surprised some analysts at the end of the week with a larger than expected reduction in short-term official interest rates.
Europe close: Stocks extend gains
European stocks were higher on Thursday as automotive stocks rose and European leaders pondered how long of an extension to the Brexit deadline they should grant.
China reportedly aiming for $20.0bn per year of US farm product purchases
Beijing is aiming to return to the level of purchases of US agricultural products that preceded Washington's decision to impose tariffs, leaving the door open to a big increase once a final trade deal had been signed.
UK retail employment falls by 85,000 in Q3
Retail employment in the UK fell by -2. 8% in the third quarter with 85,000 jobs lost over the preceding 12 months.
ECB stays put as Mario Draghi bows out
The European Central Bank kept all its main policy settings unchanged, with Thursday's governing council meeting set to be the last for its current chief, Mario Draghi.
US durable goods orders decline more quickly than expected in September
Orders for US durable goods in September fell back at twice the pace expected by economists, amid lower order intakes for automobiles and parts, and for commercial aircraft.
Report says Beijing set to replace Carrie Lam as Hong Kong leader
The Chinese government is drawing up plans to replace Hong Kong leader Carrie Lam by March.
Boeing posts better than expected Q3 sales, assumes 737 Max return to service in Q4
Boeing posted much weaker than expected third quarter profits on the back of massive delays in shipments of its 737 Max, but sales fell by less than anticipated and the company said it expected the 737 Max to return to air worthy status before the end of the year.