News And Announcements
Switzerland cuts interest rates again
The Swiss National Bank cut its key rate on Thursday to 1. 25% from 1. 5%.
UK house prices rise for fourth straight month
House prices in the UK rose for the fourth month in a row in April, according to figures out on Wednesday from the Office for National Statistics.
UK inflation eases to BoE's 2% target
Annual consumer price inflation fell to 2% in May from 2. 3% in April, in line with expectations, according to figures released on Wednesday by the Office for National Statistics.
French equities now ‘most unloved’ in Europe - BofA survey
France has turned into investors’ most unloved European equity market after President Macron called a snap election, having been the most preferred last month, according to the latest European Fund Manager Survey from Bank of America.
German business sentiment improves less than expected - ZEW
German business sentiment improved less than expected in June, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Wet weather sees slowdown in grocery sales
Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1. 0% over the four weeks to 9 June.
NY Empire State manufacturing index contracts again
Manufacturing activity in the state of New York weakened again in June, according to a survey released on Monday.
UK manufacturing outlook improves as output and orders gain in Q2
The outlook for the UK's manufacturing sector as picked up after output and orders rose strongly in the second quarter, according to a survey from Make UK released on Monday.
Citi downgrades European equities to ‘neutral’
Citi downgraded its stance on European equities on Monday to ‘neutral’ from ‘overweight’ as it said near-term risks have increased, with markets narrowing and political uncertainty taking centre stage.
Houses prices unchanged in May - Rightmove
House prices were largely unchanged in June, industry data showed on Monday, following a bumper performance in May.
UK consumers expect inflation to keep falling - BoE
Expectations for inflation have fallen to a three-year low across the UK public, a Bank of England survey showed on Friday.
EU trade balance shifts into surplus
The Eurozone trade balance moved into surplus in April, official data showed on Friday, although the amount came in below market expectations.
Bank of Japan holds rates, remains cautious on unwinding
The Bank of Japan kept lending rates on hold in its latest decision overnight on Friday, and announced plans to reduce its substantial bond purchases, with detailed tapering plans set to be released at its July meeting.
China calls on EU to scrap EV tariffs
Beijing has urged the European Union to abandon newly-announced tariffs on Chinese electric vehicles, accusing it of “politicising” trade.
Eurozone industrial production edges lower, misses forecasts
Eurozone industrial production unexpectedly ticked lower in April, official data showed on Thursday.
UK house prices ease in May - RICS
UK house prices fell in May, an industry survey showed on Thursday, as the market's recovery lost momentum.
Bank of England on track to start cutting rates in August - poll
The Bank of England is expected to start cutting the cost of borrowing this August, a Reuters poll found on Wednesday.
EU to slap tariff of up to 38pc on Chinese EVs
The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and risking a trade conflict with China.
World facing 'staggering' supply surplus as demand for oil peaks - IEA
The world is facing a "staggering" oil supply surplus, a leading energy think tank warned on Wednesday, as output outstrips slowing demand.