Market Pulse - Currencies
EU to decide on Brexit extension as UK faces possible general election
European leaders are set to decide on whether to grant the UK another Brexit extension until January, but there were doubts about whether Paris would agree.
Broker tips: Petropavlovsk, ABF, Man Group
Analysts at Cannacord Genuity reiterated their 'buy' recommendation and 16. 0p target price on shares of gold miner Petropavlovsk thid quarter sales and production data.
China's economic growth could fall under 6% in 2020
The International Monetary fund revealed in its latest World Economic Outlook that economic growth in China could slow to 5. 8% in 2020 following an expansion of 6. 1% in 2019.
US December trade tariff hike could be shelved, White House's Kudlow says
A planned hike in US trade tariffs on Chinese exports that was set to kick-in mid-December may be shelved, a top White House official said.
EU Chamber gives China's new foreign investment policy a positive outlook
Joerg Wuttke, president of the European Union Chamber of Commerce in China, gave a positive preliminary take on China’s new foreign investment law, labelling it “surprisingly accommodating”.
Smith&Nephew CEO steps down, surprising analysts and triggering sharp selling
Smith&Nephew announced the decision of its chief executive officer, Namal Nawana, to step down "to pursue other opportunities outside of the UK", provoking a negative reaction on the part of investors.
US close: Johnson&Johnson and Boeing drag on Wall Street
Shares on Wall Street fell back at the end of the week, amid sharp selling in stock of Boeing and Johnson&Johnson, and amid somewhat hawkish remarks from two top US central bank officials, although a third one, the Federal Reserve's vice-chairman, appeared to leave the door open to another rate cut.
Saudi Aramco delays IPO until after Q3 results
Saudi Aramco has delayed its planned initial public offering for until after its third quarter results in the hope that they will boost investor confidence, sources told Reuters on Thursday.
UK's Johnson faces challenge to get Brexit deal through parliament
UK Prime Minister Boris Johnson was on Friday preparing to drum up support for the Brexit deal he agreed with the EU ahead of an historic Saturday sitting of parliament.
Chinese economy grows 6.0% in Q3, slowest pace since early 1990s
China released third-quarter GDP figures on Friday showing the economy grew at its slowest pace since the early 1990s as the trade war with the US took its toll.
BoE's Ramsden continues to expect 'gradual but limited' interest rate hikes
Parliamentary approval of Prime Minister Boris Johnson's Brexit deal proposal would most likely pave the way for interest rate hikes, a top Bank of England policymaker said.
Brexit deal may get through Parliament, Exane says
Traders shied away from pushing Sterling any higher on Thursday despite confirmation that the UK and the European Union had reached an agreement on the terms of the former's withdrawal from the bloc.
Falling motor vehicle output drags on US industrial production in September
Industrial production in the States shrank a tad more than expected last month on the back of weakness in factory sector activity and mining.
Alibaba faces 300m hack attempts daily
Alibaba founder Jack Ma, said the company thwarts 300. 0m hack attempts each day and has yet to lose “one cent” to hackers.
Sterling jumps past 1.28 after report DUP accepts Brexit proposal
Sterling popped back above 1. 28 in afternoon trading following a report that the Northern Irish DUP had accepted the Brexit proposals tabled by Westminster, removing the biggest stumbling block to a deal being approved with the European Union.
UK and EU said to be close to draft legal text on Brexit
Negotiators for the UK and the European Union are close to reaching a draft deal for Britain's withdrawal from the bloc.
IMF slashes 2019-20 global GDP growth forecasts
The trajectory for global economic growth has shifted lower, according to the world's watchdog for financial stability.
China wants to lower tariffs in order to hit target for US farm imports
China could need to roll-back some of its tariffs on US goods in order to meet its commitments to Washington to ramp up purchases of American agricultural goods over the following two years.
Commodities: Trader caution on US-China trade and weak Chinese import data drag
Commodities gave back some of the prior Friday's gains with traders cautious as analysts pointed out that things could still change for the worse over the next three to five weeks as US and China tried to put their mini-trade deal into writing.
US lawmakers mull legislation in support of Hong Kong demonstrators
US lawmakers are this week set to vote on three bills that would support pro-democracy demonstrators in Hong Kong, as protests in the city intensify.