Market Pulse - Currencies
US Senate's McConnell dials back opposition to stimulus, Treasury yields edge higher
The leader of the Republican majority in the US Senate dialed back on his opposition to a fourth government stimulus package.
Credit Suisse likes Renewables and Mining
Credit Suisse's strategy team set out the top ten investment opportunities that it spied in the global equity space.
Pound jumps as EU's Barnier says Brexit deal is within reach
The pound snapped higher in early trading after the European Union's chief Brexit negotiator told the European parliament that an agreement could be reached.
Didi considering $60bn 2021 Hong Kong IPO
Chinese ride-hailing firm Didi Chuxing is considering the Hong Kong stock exchange for its initial public offering next year after discarding the option of a New York listing due to rising tensions between Beijing and Washington.
US homebuilding activity picks up further in October, NAHB says
A closely-followed gauge of activity in US homebuilding continued to rise in October.
UK finance chiefs push back forecasts for recovery in demand to Q3 2021, Deloitte says
A majority of finance chiefs in the UK are pushing back their expectations for a return to the levels of demand seen before the Covid-19 pandemic, the results of a closely-followed survey.
US consumer confidence rises in October, University of Michigan says
The American consumer grew a bit more confidence in October, the results of the most closely followed gauge for confidence across the country revealed.
Jupiter Fund Management posts 42% jump in Q3 AuM
Jupiter Fund Management posted a bigger than expected rise in the amount of funds that it was charged with supervising during the third quarter, thanks to stronger than anticipated market returns both in its legacy business and at recently acquired Merian Global Investors.
Philly Fed manufacturing index jumps in October, new orders soar
Manufacturing activity in the US mid-Atlantic region accelerated sharply in October, the results of one of the most closely-watched surveys for the sector revealed.
Empire State factory index eases in September
Manufacturing sector activity in the New York state area cooled a bit, according to a closely-followed survey, although some of the underlying details were stronger.
US final demand prices rise more quickly than expected in September
Producer prices in the States increased more than expected last month, boosted by higher prices for food.
US consumer price gains pick up in September, but soft at the core level
Consumer price inflation rose as expected last month but was unchanged at the core level amid falling prices for apparel and transportation services.
Goldman bullish on oil and natural gas prices even if Democrats take White House
Goldman Sachs remains 'bullish' on the outlook for oil and natural gas prices, even in the event of a victory for Democratic party candidate Joe Biden at the next US Presidential election on 3 November.
HSBC targets net zero emissions by 2050 with $1trn in financing
HSBC is set to target net zero carbon emissions by 2050 at the latest and is expected to provide between $750bn and $1trn in financing to help clients make the change.
EMA starts rolling review into BioNTech-Pfizer Covid-19 vaccine candidate
Europe's main drug regulator has begun a 'rolling review' of data for BioNTech and Pfizer's BNT162b2 Covid-19 vaccine candidate.
Direction of Brexit talks 'cause for optimism', Gove says
There is cause for optimism regarding the probable endgame for talks between Brussels and London on Britain's withdrawal from the single currency bloc.
Fed's Powell again makes case for more fiscal stimulus
The head of America's central bank laid out the case for additional government spending to prop up the economic recovery in the midst of the Covid-19 pandemic.
Trump ready to return to normal schedule, chief-of-staff says
The US President is now ready to return to his normal schedule, his chief-of-staff said.
ISM services PMI picks up in September
Services sector activity in the US picked up last month, led by a rise in new orders.
US non-farm payrolls fall a little short of forecasts, but hiring is slowing
The US jobs market continued to show signs of slowing down a bit last month.