Market Pulse - Currencies
Bitcoin mine found in UK during police raid
A massive bitcoin mine was found in the UK this week following a police raid on a suspected cannabis farm.
US new home sales surprise sharply to the downside in April
New home sales surprised to the downside in April, in part as demand driven by the Covid-19 pandemic waned.
End of Brexit transition period hits total UK trade
The UK's trade in goods with the European Union fell sharply over the last three years, especially at the end of 2020 as the Brexit transition period ended on 1 January.
US house prices rise more quickly than anticipated in March
House price gains in the US accelerated further at the start of the year, fresh government data revealed.
Liberty Steel to sell Stocksbridge plant in company-wide overhaul
Liberty Steel Group is to offload a number of its UK plants, including its aerospace and specialist alloys steel business, as it looks to restructure following the collapse of backer Greensill Capital.
HSBC boss unconvinced about 'volatile' Bitcoin
The turmoil surrounding Bitcoin intensified on Monday after HSBC said it had no plans to start offering the cryptocurrency to investors.
Friday preview: PMIs, UK retail sales in focus
The market spotlight at the end of the week will be on a raft of closely-followed Purchasing Managers Indices from across the UK, euro area and US.
Philly Fed factory index falls more quickly than expected in May
Manufacturing activity in the US mid-Atlantic region cooled more quickly than anticipated in May as supply bottlenecks continued to worsen, the results of a closely-followed survey revealed.
Crypto market value drops $280bn in one day as bitcoin sell-off continues
Around $279. 65bn was wiped off the entire value of the cryptocurrency market in the last 24 hours as of 0118 BST as bitcoin continues a sell off that started on 12 May.
Natwest has the most to gain from an early hike in Bank Rate, BofA says
NatWest stands to gain the most from stronger activity in the UK housing market, analysts at Bank of America said.
Euro area trade surplus in goods narrows sharply in March
The Eurozone's foreign trade surplus in goods with the rest of the world narrowed significantly in March, amid a jump in imports.
Fed's Clarida says it's too soon to start talking about 'tapering' bond purchases
America's economy has not yet made the substantial further progress required to start talking about the central bank 'tapering' its bond purchases, one of the Federal Reserve's highest-ranking officials said.
Credit Suisse says markets 'consolidating' not 'correcting'
Stockmarkets are set to consolidate, given that inflation is now "a bit more" of an issue, but they are not headed for a 'correction', says Andrew Garthwaite at Credit Suisse.
Higher inflation takes its toll on US consumer confidence, University of Michigan says
Higher inflation is taking its toll on Americans' confidence in the economy, the results of a closely-followed survey revealed.
Bitcoin slumps after Elon Musk criticises high cost to environment
Bitcoin was unloved in overnight trading after Elon Musk voiced concern about the energy used that was increasingly needed to mine the cryptocurrency.
MoneyGram to let crypto holders cash in investments
MoneyGram is teaming up with cryptocurrency exchange Coinme to allow crypto holders to cash in their investments at locations across the US.
Chinese narrow money supply shrinks in April
China's money supply growth slowed quickly last month as economic authorities tightened monetary and fiscal policy.
Fed's Mester and ex- NY Fed's Dudley diverge on policy views
The debate around whether the US central bank's policies were too 'accommodative' or not and the cost-benefit trade off attached to them was continued on Tuesday.
Opec reiterates global oil demand forecast for 2021
Opec reiterated its 2021 forecasts for world oil demand on Tuesday, as it nudged its predictions for global economic growth higher.
BioNTech raises sales guidance, touts progress on oncology pipeline
BioNTech revised its full-year sales forecast higher on the back of feverish demand for its Covid-19 vaccine and announced further progress in oncology pipeline.