Economic News
Capital Economics sees limited upside for FTSE 100 in 2017 (and 2018)
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.
US oil rig count keeps climbing, Baker Hughes says
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.
27 EU member states to vie for two London-based agencies
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.
FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore
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.
London close: FTSE labours through Friday as sterling gains on underwhelming dollar
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.
Price pressures grow in US in June, PMIs show
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.
Citizens from EU countries will be able to stay reiterates May
Prime Minister Theresa May defended her proposals regarding the future rights of EU citizens in the UK.
US central bank should wait and see how economy plays out, Fed's Bullard says
The president of the Federal Reserve bank of St. Louis joined those rate-setters who preferred to defer the next interest rate hike.
Donald Tusk says UK rights proposal 'below expectations'
European Council President Donald Tusk has said Theresa May’s offer to protect EU citizens’ rights post-Brexit is “below our expectations”.
Gap between home price growth in South and rest of UK to close, Hometrack says
Annual average UK city house price growth slowed in May, but increased during the last three months, the results of a survey showed.
Sydney to erect barricades to prevent a likely vehicle attack
Sydney police said on Friday they will deploy concrete barricades in the city to prevent the risk of a vehicle attack by extremists.
Saudis tell Qatar to shut down al-Jazeera as part of deal to end blockade
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.
Weakened May throws EU citizens rights on table in opening Brexit gambit
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.
French GDP edges past forecasts in first quarter of 2017
A sharp pick-up in gross capital formation helped to offset a slowdown in household spending in France at the start of the year.
Italian industrial orders slip in April
Italian industrial orders slipped in April, with demand from abroad weakest.
IHS Markit euro area composite PMI weakens in June
A key barometre of the euro area economy retreated, weighed down by weakness in services sector activity.
Trump denies obstruction of justice, rejects tape claims
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.
CMA to take action against online gambling companies
The Competition and Markets Authority announced on Friday that it will be taking action against online gambling companies it suspects of breaking consumer law.