Market Pulse - Currencies
Stocks slip as Fed raises projections for rate hikes in 2022 and 2023
Central bankers in the US nudged up their individual projections for short-term interest rates in 2022 and 2023 at their two-day policy meeting, although they didn't actually discuss potential dates for the so-called 'lift-off' in rates.
Ex-Fed Governor Warsh says betting on change in stance is a 'long putt'
A former top US central bank official said that betting on a change in policy stance before August's Jackson Hole central banking symposium was a "long putt from here".
Director dealings: Aston Martin Lagonda director picks up some shares
Aston Martin Lagonda non-executive director, Robin Freestone, picked up some shares in the carmaker as they were trading near their level from just before the start of the Covid-19 pandemic.
US import prices jump past forecasts in May
The cost of goods purchased overseas jumped past forecasts last month, even if those exported increased in price even faster.
US housing starts rise in May, even as sector comes off the boil
Housing starts rose last month but by less than anticipated, alongside a continued decline in permits for new construction, pointing to a residential market that was coming off the boil.
US final demand prices jump in May, paced by gains for food and energy
Wholesale prices in the US rose twice as quickly as anticipated last month amid sharp increased in food and energy prices.
US retail sales volumes drop sharply in May
Americans reined in their spending last month, especially on cars and building materials, two of the categories of goods that had been in greatest demand throughout the pandemic.
ECB plots steady course, 'significantly higher' PEPP purchases to continue
Rate-setters at the European Central Bank plotted a steady course at their latest policy meeting.
US consumer prices jump past forecasts in May, led by user cars
Inflation in the US bounded ahead in May with big gains evident across nearly all categories of products and services.
Abuja taps StanChart for rail project financing, instead of China Eximbank
Abuja may tap StanChart instead of Chinese lenders for the financing needed to modernise two of the country's main railways.
BoE's Haldane says economy going 'gangbusters'
The Bank of England's top economist said the central bank may need to look at turning off the monetary policy taps given the 'gangbusters' economy.
US job openings hit record high in April, JOLTS survey shows
The number of job openings in the US soared to a record high in April.
Royal Mail to allow clients to choose delivery dates and times
Shares of Royal Mail were trading within striking distance of their all-time highs after announcing its latest initiative to take on rival Amazon.
Treasury's Yellen makes case for Biden spending plans, 'slightly higher' interest rates
Janet Yellen laid out the case at the weekend for US President Joe Biden's proposed $4trn in government spending and a "slightly higher" interest rate environment.
US non-farm payrolls bounce back by a bit less than expected in May
Hiring in the US bounced back by a bit less than expected last month, led by a jump in leisure and hospitality as the economy continued to reopen.
White House rows back on push to reverse 2017 tax cuts
The White House rowed back on its push to reverse the 2017 tax cuts approved by Donald Trump in a bid to win the backing of the Republican party for President Joe Biden's proposed $1. 0trn infrastructure package.
Initial US jobless claims continue falling at 'relentless' pace
Initial weekly jobless claims in the US continued to slip lower at what one economist called a "relentless" pace.
Trans-Pacific trade deal members agree for UK to join pact
Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Wednesday officially agreed to allow the UK to start the joining process.
US labour market weaker than some indicators show, San Francisco Fed says
The state of the US labour market is worse than it might appear so policymakers should focus more on signals of weakness.