ECONOMIC NEWS
23 Jun
Capital Economics sees limited upside for FTSE 100 in 2017 (and next)
Britain, UK flag

The UK economy's performance will continue to exceed forecasts but multiple headwinds will just about brake any further gains in the FTSE 100 in 2017, analysts at one of the City's top research shops said.

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23 Jun
US oil rig count keeps climbing, Baker Hughes says
Oil mining

The number of oil rigs in operation in the US continued to climb last week, increasing by 11 to 758, according to the results of the most widely-followed survey tracking them.

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23 Jun
27 EU member states to vie for two London-based agencies
Gherkin, City of London and EU flag by Descrier

The EU have officially launched the competition between 27 member states to decide which will host the London based European Medicines Agency and the European Banking Authority.

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23 Jun
FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore
currencies euro dollar pound money cash sterling

Sterling managed Friday gains on the US dollar thanks to UK monetary policy hawks coming to the fore in recent days, but was otherwise down against a raft of commodity currencies.

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23 Jun
London close: FTSE labours through Friday as sterling gains on underwhelming dollar
Canary Wharf and the O2, London Docklands; markets, finance, City

Stocks in London laboured through Friday as sterling made gains against an underwhelming US dollar a day after PM Theresa May met with European leaders in Brussels.

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23 Jun
Price pressures grow in US in June, PMIs show
Money cash dollars

Private sector firms in the US continued to record a solid rate of expansion amid signs that economic growth might pick up again, the results of a widely-followed survey showed.

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23 Jun
Citizens from EU countries will be able to stay reiterates May
theresa may article 50

Prime Minister Theresa May defended her proposals regarding the future rights of EU citizens in the UK.

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23 Jun
US central bank should wait and see how economy plays out, Fed's Bullard says
screenshot 12 01 2017 13 05 37

The president of the Federal Reserve bank of St. Louis joined those rate-setters who preferred to defer the next interest rate hike.

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23 Jun
Donald Tusk says UK rights proposal 'below expectations'
Donald Tusk by Platforma Obywatelska RP (Flickr)

European Council President Donald Tusk has said Theresa May’s offer to protect EU citizens’ rights post-Brexit is “below our expectations”.

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23 Jun
Gap between home price growth in South and rest of UK to close, Hometrack says
London houses

Annual average UK city house price growth slowed in May, but increased during the last three months, the results of a survey showed.

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23 Jun
Sydney to erect barricades to prevent a likely vehicle attack
sidney australia

Sydney police said on Friday they will deploy concrete barricades in the city to prevent the risk of a vehicle attack by extremists.

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23 Jun
Saudis tell Qatar to shut down al-Jazeera as part of deal to end blockade
ep entrevistaal jazeeraada colau

Saudi Arabia and other Gulf states on Friday demanded the closure of broadcaster al-Jazeera, among other conditions, in return for the lifting of its trade and diplomatic sanctions.

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23 Jun
Weakened May throws EU citizens rights on table in opening Brexit gambit
cbmay92

UK Prime Minister Theresa May used the three million EU citizens living in Britain as her opening gambit in Brexit negotiations, offering them a “settled status” if they had been in the country for five years.

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23 Jun
French GDP edges past forecasts in first quarter of 2017
drapeaux-allemagne-france

A sharp pick-up in gross capital formation helped to offset a slowdown in household spending in France at the start of the year.

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23 Jun
Italian industrial orders slip in April
italy italian flag

Italian industrial orders slipped in April, with demand from abroad weakest.

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23 Jun
IHS Markit euro area composite PMI weakens in June
0cb796

A key barometre of the euro area economy retreated, weighed down by weakness in services sector activity.

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23 Jun
Trump denies obstruction of justice, rejects tape claims
cbtrump24

Donald Trump has strongly denied allegations that he has obstructed the FBI investigation into links between his campaign and Russia, and also said he does not have tapes of his conversations with former director of the agency, James Comey.

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23 Jun
CMA to take action against online gambling companies
Gambling, gaming, betting, bookmakers

The Competition and Markets Authority announced on Friday that it will be taking action against online gambling companies it suspects of breaking consumer law.

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23 Jun
Brexit one year on: FTSE boosted as sterling suffers
cbmay92

It’s exactly one year to the day since one of the biggest political shocks of recent times unfolded before our eyes, as Britain bade goodbye to the European Union and rocked financial markets to their core as the plates of the Old Continent shifted irreversibly.

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22 Jun
FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels
Theresa May

Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK.

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