Market Pulse - Currencies
Chicago PMI registers smaller-than-expected increase for June
The recovery in factory sector activity in the Chicago area lagged behind the rest of the country in June and hiring continued to falter.
US pending home sales jump back in June
The Covid-19 pandemic put many home purchases on ice, but the market is quickly thawing, the results of a closely-followed survey revealed.
German inflation beats expectations for June
Germany inflation nudged higher in June to beat consensus expectations, official data showed on Monday.
US consumer confidence surges in Northeast, University of Michigan says
The University of Michigan's consumer confidence index jumped increased from May's level of 72. 3 to 78. 1 for June, coming in slightly worse than the preliminary reading of 78. 9 published roughly a fortnight before.
US personal income and spending beat forecasts in May, savings at record high
American's income and spending both came in ahead of forecasts in May, despite which personal savings remained at record levels.
Weekly US jobless count dips, some economists say claims are 'bottoming'
Firings in the US only dipped a little last week but the figures most closely linked to hiring did show some improvement.
Orders for US durable goods rebound more quickly than expected in May
Orders for goods made to last more than three years jumped in May, nearly reversing the previous month's sharp fall.
German consumer sentiment improves more quickly than expected in July, GfK says
The consumer climate was expected to continue improving in July, although the latest Covid-19 lockdowns might act as a drag.
US new home sales come in slightly below forecasts in May
Home-selling activity in the States rebounded last month, albeit from a depressed base.
Bayer jumps after Handelsblatt reports Roundup settlement imminent
Shares of German chemicals giant Bayer shot higher on the back of reports that a legal settlement over claims related to the cancer-causing weed-killer, Roundup, which it had inherited from America's Monsanto.
Trump signs executive order to temporarily suspend H-1B work visas
President Donald Trump signed an executive order temporarily halting the H-1B visa program for highly-skilled workers which some observers said could lead to labour shortages at technology companies.
Week ahead: Global manufacturing and US jobs in focus
The market focus over the coming week will be on global manufacturing and services, with closely-followed survey for the two sectors, both in the UK and euro are, all due out on Tuesday.
Philly Fed index soars past forecasts in June
A key gauge of manufacturing sector conditions in the US mid-Atlantic region shot back in June, soundly beating economists' forecasts.
Initial weekly US jobless claims fall only slightly
Joblessness in the US continued retreating last week, but only just.
Biden widens lead over Trump in latest Reuters/Ipsos poll
Presumptive Democratic party presidential hopeful, Joe Biden, widened his lead over rival Donald Trump to 13 points, his biggest advantage thus far in 2020, according to a poll published on Wednesday.
China moves to stem Covid-19 outbreak in Beijing
Authorities in the Chinese capital ordered all schools to close again in a bid to stem an outbreak which could, potentially, jeopardise efforts nationwide to reopen the economy.
Fed's Powell remains confident on 'full' economic recovery, given time
The head of the US central bank sounded a confident note on the outlook for a "full" recovery in the US economy over the long-term but conceded that uncertainty remained very high and that such a rebound would take time.
NY Fed manufacturing index posts surprise jump in June
Manufacturing sector activity in the New York state area stabilised unexpectedly in June.
EU responds to Chinese state aid for two Egypt-based exporters with tarriffs
The European Union has announced its first ever levy in response to Chinese state aid for firms exporting to the bloc from outside the Asian giant.
Unilever to invest €1bn in environmentally friendly projects
Unilever pledged to invest €1bn over the next decade in environmental projects that will improve the “health of the planet”.