Market Pulse - Currencies
US homebuilders stumble in August, but further strength seen ahead
The US housing market cooled a bit last month but economists were quick to dismiss the drop, pointing to the impact of hurricanes on activity in the South and strength in permits for the construction of new single-family homes.
US manufacturing strengthens in September, Philly Fed says
Manufacturing sector conditions in the US mid-Atlantic region continued to firm in September, the results of a closely-followed survey revealed.
Secondary US jobless claims fall sharply
US unemployment claims only dipped a little over the preceding week, but those not being filed for the first time fell sharply.
US database specialist Snowflake rockets on first day of trading
Shares in Snowflake were being called to start trading at as high $175, or 46% above the price set for their initial public offering.
Pound jumps after government strikes deal with Tory rebels over Internal Market Bill
The government has reached an agreement to add a layer of parliamentary oversight to its plans to potentially override part of the country's withdrawal treaty with the European Union.
Madrid may tighten mobility restrictions, Bank of Spain cuts GDP forecasts
The regional government of Madrid appears set to tighten mobility restrictions in several of the districts and suburbs witnessing the most rapid increases in Covid-19 infections.
Trump criticises WTO over ruling on US tariffs against China
US President Donald Trump criticised the World Trade Organization for being “completely inadequate” after it ruled against US tariffs on China and said they breached international regulations.
Euro area exports to US and UK still significantly lower year-to-date in July
The single currency bloc's surplus on trade with the rest of the world widened in July, nearly completing a V-shaped recovery to pre-Covid levels.
EU set to extend permission for London to clear euro derivatives for 18 months
Brussels is set to extend authorisation for companies to clear euro denominated financial derivatives in the City of London for 18 months.
US industrial production weighed down by lower auto output in August
Industrial output in the US undershot economists' forecasts in August, as manufacturing production fell short and that from utilities surprised to the downside.
New York Fed factory index fails to recover ground lost in August
Factory sector conditions in New York state and northern New Jersey continued to improve in September, according to the results of a closely-followed survey.
Chinese industrial production and retail sales surprise to the upside in August
Key activity indicators in China all surprised to the upside in August, although one economist said the outlook was mixed.
US CPI edges past forecasts in August
Consumer price inflation in the States picked up a bit more quickly than anticipated last month, led by increases for used cars and trucks, and energy.
Weekly secondary unemployment and pandemic claims rise in US
Initial US jobless claims were unchanged over the most recent week although secondary claims did edged higher, with some economists saying that the labour market had "stalled".
US final demand prices edge past forecasts in August
Wholesale prices in the US edged up a bit more than expected in August, bolstered by a sharp increase in those for services, especially trade.
ECB keeps interest rates unchanged, all eyes on Lagarde's presser
The European Central Bank kept all its main policy settings unchanged, as expected.
US job openings rise more quickly than expected in July, JOLTS survey shows
Hiring in the US slowed in July but, in a welcome development, the number of job openings picked up, the results of a closely-followed survey revealed.
Fitch now assumes UK will quit Europe without trade deal - report
Credit ratings agency Fitch has changed its outlook and now believes the UK with leave the European Union without a trade deal in place, it emerged on Wednesday.
Scotland and Wales warn new internal market bill harms UK unity
Scotland and Wales warned on Wednesday that the new internal market bill that was proposed by the British government will undermine the UK’s unity as it will steal power from Scotland, Wales and Northern Ireland.