- U.S. consumer spending tepid; savings at two-year high Reuters - UK Focus - 49 minutes ago
U.S. consumer spending barely rose in February as households used the windfall from lower gasoline prices to boost savings to the highest level in more than two years, the latest sign that the economy hit a soft patch in the first quarter. Economic growth has been undercut by bad winter weather, a strong dollar, a now-settled …
- London Cutting Back on Banking Habit The Wall Street Journal - 56 minutes ago
London may be one of the world’s financial capitals, but, nowadays, Peru, Thailand and Indonesia are getting more out of their banking industries than the U.K.
- World Week Ahead: U.S. Economy Needs Winter to End The Wall Street Journal - 6 hours ago
A flurry of Federal Reserve speaking engagements mid-week should help shed light on where the consensus lies within the Fed on when and how aggressively to start raising rates. We also end out the week with the latest labor market report, which will function as another guide on the outlook for rates.
- Soros ready to pour $1 bn into Ukraine AFP - 6 hours ago
- MORNING BID EUROPE-A daily note from our Economics/Politics Editor Reuters - UK Focus - 9 hours ago
The Greek government has sent a reform package to its EU and International Monetary Fund creditors, hoping it will unlock desperately needed funds to stave off bankruptcy. The line from Brussels so far ...
- Investment banks eye potential trading boost from ECB stimulus Reuters - UK Focus - 10 hours ago
Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward from a boost in trading activity under the European Central Bank's (ECB) trillion-euro quantitative easing (QE) programme. The flood of money into markets from the ECB's bond-buying has brought an increase …
- Japan factory output drops in February AFP - 13 hours ago
- Fed weighs rate hike 'this year': Yellen AFP - Fri, Mar 27, 2015 22:52 GMT
- TREASURIES-Bond prices rally on month-end buying, hold gains after Yellen Reuters - UK Focus - Fri, Mar 27, 2015 20:49 GMT
U.S. Treasury yields fell and held near session lows on Friday after Federal Reserve Chair Janet Yellen gave mildly hawkish comments on a potential interest rate increase this year and as investors bought ...
- Week ahead: Non-farm payrolls and UK retail results to steal the show Sharecast - Fri, Mar 27, 2015 16:26 GMT
Next week is set to be a busy one for financial markets in London with investors having to digest a flurry of global economic data and corporate results from a number of prominent UK retailers.
- US economy slows in fourth quarter AFP - Fri, Mar 27, 2015 15:34 GMT
- U.S. economic growth slows in Q4; corporate profits fall Reuters - UK Focus - Fri, Mar 27, 2015 15:32 GMT
U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. Businesses throttled back on inventory and equipment investment, but robust consumer spending limited the slowdown in the pace of activity. …
- TREASURIES-Yields fall after GDP data unrevised for fourth quarter Reuters - UK Focus - Fri, Mar 27, 2015 13:15 GMT
U.S. Treasury yields fell on Friday after data showed that U.S. economic growth cooled in the fourth quarter as previously estimated, disappointing traders that had expected an upward revision. Gross domestic ...
- US STOCKS-Wall St to dip at open with focus on Yellen speech Reuters - UK Focus - Fri, Mar 27, 2015 13:13 GMT
U.S. stocks were set to dip at the open on Friday, setting indexes up for a full week of daily declines, as the dollar index added to the previous session's rebound ahead of a speech by Federal Reserve Chair Janet Yellen.
- Central banks call for lower capital requirements on top-quality pooled debt Reuters - UK Focus - Fri, Mar 27, 2015 13:10 GMT
Bonds based on high-quality loans should benefit from lower capital requirements to kick-start the market in Europe, the Bank of England and European Central Bank (ECB) said on Friday. The two central banks were responding to plans from the European Union's executive, the European Commission, to revive the asset-backed …
- Fourth-Quarter GDP -- At A Glance The Wall Street Journal - Fri, Mar 27, 2015 12:45 GMT
U.S. economic output expanded at a 2.2% seasonally adjusted annual rate in the final months of 2014, the Commerce Department said Friday. Here's a quick look at the report.
- FOREX-Dollar bounces back on 2015 rate hike bets; Yellen to speak later Reuters - UK Focus - Fri, Mar 27, 2015 11:50 GMT
The dollar rose across the board on Friday, extending a rebound begun the previous day after Federal Reserve officials signalled they were still on track to raise interest rates this year. At separate events on Thursday, two senior Fed policymakers said a move away from ultra-loose monetary policy might be needed in light …
- ECB shelves euro clearing house policy - source Reuters - UK Focus - Fri, Mar 27, 2015 11:42 GMT
The European Central Bank has quietly shelved its policy of requiring clearing houses handling euro-denominated securities to be located inside the euro zone, after the measure was rejected by a top European court, a source at the central bank said. Britain had challenged the policy in the European Union's second-highest …
- Japan joins Britain in 'noflation' land Telegraph - Fri, Mar 27, 2015 07:30 GMT
Inflation skids to a halt in world's third largest economy, putting pressure on Bank of Japan to bring forward monetary easing plans
- ECB's Draghi certain German trade surplus contravenes regulations Sharecast - Thu, Mar 26, 2015 16:28 GMT
The president of the European Central Bank, Mario Draghi, is certain that Germany's trade surplus is in breach of European Union regulations on "excessive" trade imbalances.
- UK retail sales improve in Feb, boding well for economy Reuters - UK Focus - Thu, Mar 26, 2015 12:49 GMT
British retail sales rose at the fastest pace in three months in February, beating expectations and suggesting Britain's consumer-led economic recovery remains strong ahead of national elections in May. Retail sales rose 0.7 percent last month, their best growth since November and up from 0.1 percent in January, the Office …
- French 2014 deficit smaller than expected, growth at 0.4% AFP - Thu, Mar 26, 2015 11:50 GMT
- France set to beat 2015 public deficit targets Sharecast - Thu, Mar 26, 2015 10:55 GMT
The French economy expanded at a very modest pace towards the end of 2014, but the red ink at the Elysee palace was significantly less than expected.
- UK retail sales stronger than expected in February Reuters - UK Focus - Thu, Mar 26, 2015 09:30 GMT
British retail sales rose more strongly than expected in February, helped by last year's recovery in the housing market which boosted furniture purchases and by growth in sales in all other sectors too. Compared with February last year, sales volumes rose 5.7 percent, the Office for National Statistics said in a set of …
- French 2014 public deficit cut to 4 percent AFP - Thu, Mar 26, 2015 07:44 GMT
- IMF warns Ireland to maintain fiscal path AFP - Wed, Mar 25, 2015 19:54 GMT
- European Rate Cuts Prove No Match for Mighty ECB The Wall Street Journal - Wed, Mar 25, 2015 17:45 GMT
Some European countries outside the euro area are cutting interest rates, but that’s not weakening their currencies as it usually does.
- London close: FTSE 100 pulled below 7000 by declines on US markets Sharecast - Wed, Mar 25, 2015 17:21 GMT
London's FTSE 100 accelerated in the red by the end of Wednesday's session with declines in US markets offering direction to the downside.
- Thursday preview: UK retail sales data, Easyjet reports trading statement Sharecast - Wed, Mar 25, 2015 16:02 GMT
UK retail sales figures on Thursday will be closely watched for signs of how much consumer spending is contributing towards economic growth.
- Weak U.S. business spending data points to tepid Q1 growth Reuters - UK Focus - Wed, Mar 25, 2015 15:35 GMT
The Commerce Department's durable goods report on Wednesday was the latest data to suggest economic growth braked sharply early in the year, in part due to bad weather and a now-settled labor dispute at the country's busy West Coast ports. While economists largely view the slowdown in activity as temporary, softer growth …
- IMF backs Irish request for budget flexibility from EU Reuters - UK Focus - Wed, Mar 25, 2015 15:01 GMT
The IMF backed Ireland (Other OTC: IRLD - news) 's calls for the European Commission to grant it some budget flexibility on Wednesday, saying the current fiscal rules do not reflect an Irish economic recovery "starting to fire on all cylinders". After years of painful budget cuts to get its public finances under control, …
- Europe blocks desperate Greek attempt to stay afloat Telegraph - Wed, Mar 25, 2015 13:59 GMT
Eurozone says it is "legally impossible" to return €1.2bn in rescue funds to cash-strapped Athens
- UK inflation expectations rise for first time since August - Citi/YouGov Reuters - UK Focus - Wed, Mar 25, 2015 12:46 GMT
The British public's expectations for inflation in the next 12 months and further ahead rose this month for the first time since August, according to a survey published on Wednesday. "Although headline CPI (Other OTC: CPICQ - news) inflation is at zero and may well turn slightly negative in coming months, there is no …
- George Osborne refuses to confirm or deny post-election Tory VAT rise Sharecast - Wed, Mar 25, 2015 09:53 GMT
George Osborne has been accused of refusing five times to give a "cast-iron guarantee" on whether he will raise VAT if he stays on as chancellor following the general election in May.
- FOREX-Dollar finds a steadier footing for now Reuters - UK Focus - Tue, Mar 24, 2015 22:32 GMT
Investors had rushed to cut long dollar positions after the Federal Reserve gave a dovish steer on interest rates last week, sending the greenback crashing back from multiyear highs. U.S. data overnight was modestly dollar friendly, particularly an uptick in underlying inflation which should support the view that the Federal …