Market Pulse - Currencies
ECB's Lagarde refuses to pre-empt policy strategy review, positive on trade relations with US
The European Central Bank's recently arrived boss refused to be drawn on her own views regarding the monetary authority's policy strategy review, which it had formally launched just an hour before.
Weekly US jobless claims continue to undershoot forecasts, economists upbeat
A key leading indicator of joblessness in the US continued to point to better-than-expected conditions.
Experts say Wuhan coronavirus closer to seasonal influenza
The far lower mortality rate of the new coronavirus identified in the Chinese city of Wuhan means that it is unlikely to have anywhere near the significance for the US economy of the outbreak of Severe Acute Respiratory Syndrome in 2003, Capital Economics said.
Uber offloads Indian food delivery business
Uber has struck a deal to sell its Indian food delivery service to local food app Zomato.
Brussels warns UK against diverging from EU rules
Officials from the European Union warned businesses to “prepare for the worst” after UK Chancellor Sajid Javid's announced that the UK would diverge from EU rules after Brexit.
Chinese economic activity picks up at the end of 2019, but headwinds remain
Economic activity in China at the end of 2019 execeded forecasts, but some economists said that it was too soon to sound the 'all clear'.
UK rules out automatic deportation of EU citizens post Brexit
Brussels's Brexit spokesman said on Friday that the UK had ruled out the option of automatically deporting citizens from the European Union that did not apply for settled status after Brexit.
Warm weather hits US industry in December, but economists remain sanguine
Industrial production in America softened unexpectedly in December but mainly due to unusually warm weather.
Philly Fed index jumps past forecasts in January
A key lead indicator for the US manufacturing sector got off to a flying start in 2019, although the details of the survey were perhaps not quite as strong as they appeared to be at first glance.
Morgan Stanley tops Goldmans in market value thanks to fixed income trading
Shares of Morgan Stanley hit their best levels since late 2007 and overtook those of Goldman Sachs on the back of a fourth quarter surge in sales from fixed income trading.
US retail sales post 'solid' increase for December, economists say
Retail sales in the US grew more quickly than expected last month, although according to some economists, the details of the report pointed to household spending coming off the boil.
UK house prices gather pace - ONS
Prices in the UK housing market gathered pace in the build-up to the general election, with those in the capital ticking upwards for the first time after nearly two years of weak growth.
US final demand prices rise slightly less than forecast in December
Producer prices in the States rose a tad less quickly than anticipated last month due to the drag from trade services prices.
Jeff Bezos to invest $1bn in Indian companies
Jeff Bezos, the billionaire founder of Amazon, has unveiled a $1. 0bn investment to help small Indian businesses digitalise.
US CPI rate unchanged in December, as expected
The cost of living in the US rose as expected last month despite sharp increases in prices for medical care commodities and services, thus eliciting scant reaction from economists.
Johnson says he would back 'Trump deal' to replace 2015 Iran nuclear accord
Britain's Prime Minister said that he would support a deal negotiated by Trump to replace the 2015 nuclear accord.
Britain, France and UK trigger Iran deal's dispute resolution mechanism
Britain, France and Germany triggered the so-called dispute mechanism contained in the 2015 nuclear deal with Iran.
UK economy stagnates under weight of political turmoil, pound drops
The latest government data showed that Britain's economy shrank unexpectedly in November, sending the pound lower, but some economists were more upbeat, pointing to upwards revisions to past data to back up their assessment.
Week ahead: UK data, US-China trade deal in focus
The flow of economic data will pick up considerably in all jurisdictions over the coming week, although the signing of the phase-one trade deal between China and the US may steal the spotlight.
Aston Martin jump on reports of talks with China's Geely
Shares of Aston Martin sped higher at the end of the week following news that China's Geely had held talks with the iconic carmaker's management regarding a potential investment.