ECONOMIC NEWS
15:02
Chicago PMI unexpectedly improves in April

Economic activity in the Chicago area unexpectedly improved in April, according to data released on Friday.

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14:34
US employment costs rise at fastest pace since end of 2007
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Employment costs in the US rose in the first quarter at their fastest clip since the end of 2007, led by gains for both private sector wages and benefits.

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14:19
Bank of America- Merrill Lynch sees FTSE 100 at 7,750 in 12 months
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Bank of America-Merrill Lynch thinks demand for commodities and the global cycle will push the FTSE 100 to 7,750 points in 12 months' time.

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13:46
UK mortgages and consumer credit card borrowing both decline - BBA
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Mortgage approvals and consumer credit card lending both fell in March according to fresh data from the banking industry, providing the reason for the fall in house prices announced elsewhere on Friday.

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13:42
US GDP growth slows more than expected in Q1 2017
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Economic activity in the States slowed at the start of the year, weighed down by a slowdown in the pace of inventory accumulation, lower public spending and increased imports.

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12:23
Europe midday: Stocks rise amid strong fund flows, economic data
Bank of America-Merrill Lynch, City view plaza, San Jose by Michael Gray

European stocks were seeing some buying interest after data showing inflows into euro area stocks were at their strongest since December 2015 and following the release of several stronger than expected reports on the Eurozone economy, including on money supply dynamics and consumer prices.

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11:54
UK Q1 GDP - Analysts react
Britain, UK flag

"Within the details of the latest GDP release, sectors with exposure to household spending had the biggest negative impact on growth. For example, the distribution, hotels and restaurants sector saw a contraction of 0. 5% of GDP, which was the first fall for the sector since the end of 2012. The transport, communication and storage sector also saw its first contraction since 2013. Looking ahead, unless households manage to achieve higher pay growth, we are likely to see the cost of living squeeze continue into the second quarter.

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11:50
EU leaders prepare Brexit clause for reunified Ireland membership
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Northern Ireland could be allowed fast-track access to EU membership in the event of its reunification with the rest of the island, as European leaders prepare to thrash out their negotiating stance for upcoming Brexit talks with the UK government.

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11:27
Euro jumps as core CPI outstrips economists' forecasts in April
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Consumer prices in the euro area beat forecasts by a comfortable margin in April, especially at the 'core' level, as services prices accelerated.

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10:16
UK GDP growth slows to 0.3% in first quarter
Britain, UK flag

The UK economy slowed significantly in the first quarter of 2017 as consumers tightened their belts amid rising inflation, according to preliminary figures from the Office for National Statistics.

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09:19
UK consumer confidence worsens again in April - GfK
Grand Central Hammerson Birmingham shopping mall

UK consumer confidence worsened slightly in April due to worries about rising inflation and flat wages.

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09:07
German retail sales edge past forecasts in March
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Retail sales in the euro area's largest economy registered a slight increase last month, led by turnover in the home furnishings, household appliances and builders' ware categories.

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09:01
UK house prices fall again in April, says Nationwide
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UK house prices have fallen for the second month in a row, with annual growth slowing to a near four-year low.

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08:59
Trump warns of 'major' North Korea conflict as China weighs in
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US President Donald Trump has warned that the country is prepared for a "major conflict" with North Korea as tensions between the two states rise another notch over the latter’s nuclear and missile programs.

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08:11
French GDP expands as expected in Q1 despite slump in trade
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France's economy slowed a tad at the start of the year as household spending took a breather and amid a big drag from foreign trade.

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27 Apr
Shift in 'forward guidance' was not discussed on Thursday, ECB chief Draghi says
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European Central Bank chief Mario Draghi left the door open to further policy easing, sending the euro slightly lower, albeit while noting that the balance of risks had moved towards a "more balanced configuration".

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27 Apr
ECB policy decision - Analysts react
European Central Bank (ECB) president Mario Draghi

"In June we expect a change to a less dovish and more symmetric forward guidance that would open the door for depo rate hikes in 2018. In particular, we would expect modifications possibly to both the forward guidance on rates and on QE by removing the explicit reference in the statement to a scenario with lower rates and/or higher QE. " - Philippe Gudin, Antonio Garcia Pascual, Barclays Research.

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27 Apr
FX round-up: Sterling sails higher on UK retail data, ECB rate call
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Sterling sailed higher on most key crosses Thursday as investors liked the currency after pleasing UK retail data, European Central Bank holding interest rates and last night's US tax-reform disappointment.

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27 Apr
London close: Resources weakness, US tax-reform hangover and ex-divs punish FTSE
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Equities in London were punished lower on Thursday as pronounced weakness among mining and oil majors, a US tax-reform hangover, and a bundle of ex-dividend shares all told against the FTSE.

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27 Apr
Commodities: Crude futures slump on reports of two Libya oilfields resuming output
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Crude-oil futures slumped more than 2% on Thursday afternoon as a report said two key oilfields in Libya have resumed pumping against a backdrop of rising US shale output and the now chronic global glut.

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