Chicago PMI unexpectedly improves in April

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

Read full story
US employment costs rise at fastest pace since end of 2007
bandera EEUU USA

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.

Read full story
Bank of America- Merrill Lynch sees FTSE 100 at 7,750 in 12 months
mining truck, commodities, minerals, iron ore

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.

Read full story
UK mortgages and consumer credit card borrowing both decline - BBA
credit cards, finance, money, cash

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.

Read full story
US GDP growth slows more than expected in Q1 2017

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.

Read full story
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.

Read full story
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.

Read full story
EU leaders prepare Brexit clause for reunified Ireland membership

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.

Read full story
Euro jumps as core CPI outstrips economists' forecasts in April

Consumer prices in the euro area beat forecasts by a comfortable margin in April, especially at the 'core' level, as services prices accelerated.

Read full story
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.

Read full story
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.

Read full story
German retail sales edge past forecasts in March
europe germany map france uk britain spain

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.

Read full story
UK house prices fall again in April, says Nationwide
housing, construction, building

UK house prices have fallen for the second month in a row, with annual growth slowing to a near four-year low.

Read full story
Trump warns of 'major' North Korea conflict as China weighs in

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.

Read full story
French GDP expands as expected in Q1 despite slump in trade
Paris, eiffel tower, France, French

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.

Read full story
27 Apr
Shift in 'forward guidance' was not discussed on Thursday, ECB chief Draghi says

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".

Read full story
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.

Read full story
27 Apr
FX round-up: Sterling sails higher on UK retail data, ECB rate call

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.

Read full story
27 Apr
London close: Resources weakness, US tax-reform hangover and ex-divs punish FTSE
battersea power station nine elms luxury development

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.

Read full story
27 Apr
Commodities: Crude futures slump on reports of two Libya oilfields resuming output
rosneft, oil, gas, pipeline

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.

Read full story