Market Pulse - Currencies
JP Morgan sees upside for domestic UK and Irish banks in 'soft Brexit'
Equity analysts at JP Morgan sounded a more positive on the prospects for domestic UK and Irish banks should the country reach an agreement with the European Union withdrawal.
US and China reach partial trade agreement
Negotiators for the US and China appeared to make some headway in their trade talks on Friday, agreeing on the outlines of a preliminary deal that addressed some of Washington's grievances.
Americans look past impeachment row on Capitol Hill, University of Michigan says
US consumer sentiment jumped past forecasts in early October as Americans anticipated income growth and lower inflation over the year ahead, the results of a closely-followed survey revealed.
No-deal Brexit could put Nissan's European branch at risk
Nissan said on Thursday that a no-deal Brexit leading to the imposition of WTO tariffs on exports could put its entire European arm at risk.
UK and Ireland see 'pathway to a possible deal'
The UK and Ireland said on Thursday that a Brexit deal could be within reach.
US September CPI falls short of forecasts
The cost of living in the US was unchanged last month in the wake of a sharp decline in energy costs, although underlying price pressures remained near their recent highs.
FX round-up: Volatility spikes as traders sift through Brexit headlines
Thursday proved to be a volatile session for sterling traders, despite the generally 'risk-on' backdrop in financial markets globally following reports that Beijing was still open to a limited trade deal.
UK financial system can weather no-deal Brexit, despite 'material' risks - BoE
The Bank of England believes there are “material” economic risks involved in a no-deal Brexit – but that British banks are strong enough to withstand the shock.
Sharp downward surprise in US producer prices for September
Producer prices in the States fell unexpectedly last month, possibly partly as a result of the US-China trade war, but in any case served to highlight that price pressures in the pipeline remained "under control".
Inflation target reflects 'pre-crisis world', says Bank of England rate-setter
A member of the Bank of England’s interest rate setting committee has said the current inflation target reflected a “pre-crisis world”.
Europe midday: Markets fall as investors await China's response to US blacklisting of AI firms
European stocks were lower at lunchtime on Tuesday after the US blacklisted 28 Chinese companies just three days before the next round of trade negotiations and amid reports that the Chinese delegation might cut its visit short by a day, denting hopes of a deal.
NFIB's small business optimism index falls in September
The National Federation of Independent Business' small business optimism index revealed that confidence among small-business owners fell in September, mainly due to the impact of tariffs and uncertainty about the future of the US economy.
Debt to soar if UK crashes out of Europe without a deal, think tank warns
A leading think tank has warned that even a “relatively benign” no-deal Brexit would damage the UK economy, pushing debt up to levels not seen since the 1960s.
FX round-up: Pound dips on speculation PM might go to Supreme Court to avoid extension
The pound drifted slightly lower at the start of the week after The Daily Telegraph reported that the Prime Minister, Boris Johnson, was ready to go to the Supreme Court in order to avoid having to ask Brussels for another extension if he had not clinched a withdrawal deal by 19 October, as the Benn Act required of him.
Trump attacks Democrats in impeachment battle as second whistleblower comes to light
US President Donald Trump attacked House Speaker and top Democrat Nancy Pelosi on Sunday saying she could be guilty of treason.
HSBC to cut up to 10,000 jobs globally
HSBC is planning to cut up to 10,000 jobs worldwide as part of a cost-cutting move, according to reports published on Sunday.
Investor confidence crumbles across the eurozone - survey
Investor confidence in the eurozone has tumbled, reversing the modest improvements seen a month earlier to reach the lowest point since 2013, a well-regarded survey showed on Monday.
Week ahead: US-China trade, US CPI in focus
Financial markets' focus over the coming will be firmly on the resumption of US-China trade talks.
Apple increases iPhone 11 production by 10%
Apple Inc has asked suppliers to increase production of its iPhone 11 models by up to 8m units, or about 10%, Nikkei Asian Review reported on Friday.
US House wants Zuckerberg to testify on Libra by January
A US House committee has declined to schedule a hearing on Libra with Facebook’s operating officer Sheryl Sandberg in October until CEO Mark Zuckerberg commits to an appearance before them by January, The Information reported, citing a congressional source.