Currencies
WTI pares gains as domestic US oil output rises
US oil stockpiles saw a large drawdown during the latest week, even as domestic US oil production rose, government data revealed.
Fed still set to tighten, Yellen says
The Federal Reserve will continue to tighten its monetary policy as falling unemployment on expectations for further moderate growth in the economy, the head of the central bank said.
Trump defends son as pressure on Donald Jr grows
US President Donald Trump has defended the actions of his son Donald Jr after he admitted meeting a Russian lawyer to gain information about Hillary Clinton’s campaign.
Bank of Canada raises interest rates for first time in seven years
The Bank of Canada on Wednesday raised their headline interest rate for the first time in seven years, though it had been widely expected.
'Clock is ticking' on Brexit negotiations, says chief EU negotiator Barnier
Michel Barnier, the chief Brexit negotiator for the EU, told the UK on Wednesday that the "clock is ticking" to reach an agreement, and reiterated that financial obligations known as the 'divorce bill' will need to be paid.
Euro area industrial production jumps in May
Industrial production in the single currency bloc jumped in May, led by increased manufacturing of capital goods.
UK government unlikely to deliver good Brexit deal, Moody's says
Ratings agency Moody’s has joined the chorus warning of a slowdown in the UK economy and said things could get a lot worse as the government was unlikely to secure a Brexit deal that was not damaging.