Market Pulse - Currencies
Bonds: Markets shrug off positive data in subdued trading
These were the movements in some of the most closely-followed 10-year sovereign bond yields:.
Week ahead: Global manufacturing and US jobs market in focus
The market spotlight over the coming week will shift to global manufacturing and the US jobs market.
FX round-up: Pound little changed despite better-than-expected lending data
Friday saw another sudued session of trading in global foreign exchange markets.
UK should invest £20bn into UN climate fund by 2030 to pay its 'fair share'
The latest report from the Institution for Public Policy Research (IPPR) says the UK should put £20. 0bn into the UN climate fund by 2030 to pay its “fair share”.
FX round-up: Pound little changed despite polls, Chilean and Colombian peso unloved
The pound was little changed on Thursday, despite the release of poll data predicting a big win for Conservatives at the next general elections and a strong reading on UK consumer confidence.
Commodities: Oil and copper futures dip as US signs HK bill into law
Commodity prices weakened on Thursday after the US President signed into law a new bill that some observers worried might trip up trade negotiations with Beijing.
Friday preview: UK data and US-China trade in focus
The focus at the end of the week will shift towards the UK consumer, with readings on consumer confidence and lending for November both due for release.
China accuses US of 'sinister intentions' after Trump signs Hong Kong pro-rights bill
China’s Ministry of Foreign Affairs said Thursday it was opposed to the US government's signing of a bill supporting Hong Kong protesters' rights into law and accused the Trump administration of having "sinister intentions".
US Q3 GDP revised slightly higher
America's economy grew a tad more quickly than anticipated during the previous quarter, revised government data showed, even as price pressures declined sharply.
Post-Brexit tarriffs would cost UK car industry £42.7bn by 2024
The latest report from the Society of Motor Manufacturers and Traders urged Westminster to deliver an ambitious Brexit deal, warning that tariffs could decimate UK car production.
Chinese industrial profits slump as trade war hits home
China’s industrial profits fell at the steepest rate in eight months in October, data released overnight showed, undermined by Beijing’s increasingly bitter trade war with Washington.
French consumer confidence posts surprise gain in October
French consumer confidence surprised to the upside in November, underlining the solid prospects for household spending at the end of 2019, the results of a closely-followed survey revealed.
Best Buy beats forecasts, raises FY guidance
US electronics retailer Best Buy raised its full-year earnings guidance on Tuesday morning as its quarterly figures came in ahead of analysts' expectations.
Alibaba jumps after HK trading debut
Shares of Alibaba jumped on the day of their trading debut on the Hong Kong Stock Exchange, amid heightened demand from retail investors.
US and China reach 'consensus' over trade deal - report
Washington and Beijing have reportedly reached a ‘consensus’ on trade talks, spurring hopes that a deal could be imminent.
Canaccord Genuity ups target on Persimmon even after recent bounce for shares
Analysts at Canaccord Genuity have revised their target price for shares of Persimmon higher, from 2,400. 0p to 2,720. 0p, arguing that the stock had room to continue rising.
FCA bans marketing of mini-bonds to retail investors
Issuers of speculative mini-bonds can no longer advertise the controversial investments directly to consumers, the City watchdog has announced.
Europe 'must consider its place in the world', ECB's Lagarde says
At a time when "uncertainty abounds" and the conventional wisdom in diplomacy and economics was being "challenged", Europe "must consider its place in the world and reset its ambitions", argued the European Central Bank's new President.
Friday preview: Euro area manufacturing, US consumer confidence in focus
Investors will be focusing on euro area economic data at the end of the week, especially as regards a preliminary reading on survey compiler IHS Markit's manufacturing sector index for November.
Philly Fed index improves in November, but survey details weak
Manufacturing sentiment in the US mid-Atlantic region improved moderately in November, the results of a closely-followed survey revealed.