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  • Break housebuilders' dominance to fix 'broken market', MPs urge

    A pair of damning reports by MPs have slammed the Government's efforts to build new homes, saying they lacked "urgency and ambition", while urging the break-up of "dominant" housebuilders. A report by the Committee of Public Accounts said that the Department for Communities and Local Government had "conceded that the shortfall …

  • Apple and other major corporate earnings could boost stocks in the week ahead, but it's the jobs report and other economic data that may matter most.

  • The Nasdaq Composite opened at a record high, propelled by gains in Amazon.com (NasdaqGS: AMZN - news) and Google-parent Alphabet, and is on track to post gains for the sixth straight month. Amazon rose as much as 3.4 percent to a life high of $949.59, while Alphabet gained as much as 4.9 percent to a record of $935.90 …

  • Traders work on the floor of the NYSE in New York

    By Chuck Mikolajczak NEW YORK (Reuters) - World stock markets dipped on Friday, as U.S. equities retreated after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. The U.S. economy grew at a 0.7 percent annual rate in the …

  • TREASURIES-Prices rise on late month-end buying Reuters - UK Focus - 15 hours ago

    U.S. Treasury prices ended higher on Friday on last-minute month-end buying, reversing losses fueled by data showing steady growth in U.S. inflation and wages despite soft economic growth in the first quarter. Expected month-end changes to portfolio benchmarks supported long-dated Treasuries, said Subadra Rajappa, head …

  • The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar edged higher against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first …

  • US growth hits 3-year low in Trump's first quarter

    GDP increased only 0.7 percent in the first three months of the year, according to the Commerce Department

  • File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

    By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. The soft patch at the start of the year is bad …

  • The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. The dollar was little changed while U.S. stocks were trading marginally lower.

  • U.S. government debt prices fell on Friday as investors digested key economic data.

  • Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York

    By Trevor Hunnicutt CHICAGO (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink on Friday sounded another warning on the U.S. economy after the government reported anemic growth in the first quarter. "We're actually decelerating," Fink, whose firm is the world's biggest asset manager, said during a talk at the …

  • U.S. companies are holding $2.6 trillion in cash overseas, according to new research.

  • A man walks through the lobby of the London Stock Exchange in London

    The FTSE 100 <.FTSE> index closed 0.5 percent lower at 7,203.94 points, underperforming broader European markets, and posted a 1.6 percent fall for the month. While Barclays' first quarter profit more than doubled, a weak performance at its investment banking arm disappointed as the bank missed out on a bond trading boom …

  • Trump's first 100 days: The economy The Independent - 19 hours ago
    Trump's first 100 days: The economy

    This stated that he would grow the US economy by 4 per cent per year and create at least 25 million new jobs over a decade. GDP growth or new jobs since Mr Trump was inaugurated on 20 January largely reflects the state of the economy he inherited from Barack Obama. On Friday, the Bureau of Economic Analysis reported that …

  • US growth hits 3-year low in Trump's first quarter

    GDP increased only 0.7 percent in the first three months of the year, according to the Commerce Department

  • US economy grows at slowest rate in three years

    The US economy grew at its slowest rate since the beginning of 2014 during the first three months of this year, putting President Donald Trump's pledge to raise GDP to 4% during his term at risk. Analysts had predicted that the country's Gross Domestic Product (GDP) would increase by 1.1% at an annual rate, but it only …

  • The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar jumped against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, …

  • U.S. Treasury debt yields rose across the board on Friday after data showed the U.S. economy in the first quarter grew at its slowest pace in three years, but details of the report suggested a more upbeat outlook. "The weak (GDP) number is more likely a pause than a continued slowdown.. Odds should rise to a near certainty …

  • Barclays weighs on FTSE 100 as Britain's economic growth slows to 0.3pc 

    "Like the UK figure the US Q1 GDP reading missed estimates this afternoon – though investors weren’t particularly bothered by the news," said Spreadex financial analyst Connor Campbell. "In the parlance of Trump himself the US first quarter GDP data was a HUUUUUGE disappointment, coming in at 0.7% (at the annualised rate) …

  • UK GDP growth slower than expected as inflation bites

    Economists say consumers’ incomes are under pressure from slowing employment and wage growth as well as rising inflation. The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending. GDP growth fell …

  • FILE PHOTO: EU flags fly in front of European Central Bank headquarters in Frankfurt

    The European Central Bank has raised by 10 percent the annual fee it levies on euro zone lenders for supervising them, so that it can hire more staff and pay for a review of the models that large banks use to gauge risk, it said on Friday. Some lenders, particularly in Germany, have complained of excessive requests for …

  • An employee works on a track of a MACK Rides rollercoaster at the production plant in Waldkirch near Freiburg

    By Michael Nienaber HAMBURG, Germany (Reuters) - When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest harbour. China, in particular, is "buzzing", Mattern says. The sharp …

  • Growth slips to the worst pace in three years, but inflation jumped the most in six years.

  • FX Focus: Pound surges to seven-month high against the dollar despite poor GDP data

    The pound hit a seven-month high against the dollar on Friday (28 April), as investors shrugged off a report showing the UK economy grew at the slowest pace in a year in the first three months of 2017. "UK GDP data came in under forecasts but failed to keep the pound down for long," said Caxton FX's analyst Alexandra Russell-Oliver. …

  • U.S. Treasury debt yields across the curve rose to session highs on Friday after data showed the U.S. economy in the first quarter grew at its slowest pace in three years, but indicated a more buoyant inflation and employment picture. U.S. gross domestic product grew at a 0.7 percent annual rate, the Commerce Department …

  • First-Quarter U.S. Growth -- At A Glance The Wall Street Journal - 22 hours ago

    The U.S. economy expanded in the first quarter at a seasonally adjusted annual rate of 0.7%, the weakest performance since the opening months of 2014. Here's what happened.

  • US economy sees weakest growth for three years in first quarter of 2017

    The American economy turned in its weakest performance in three years in the first quarter of 2017 as consumers sharply slowed their spending. The US Bureau of Economic Analysis estimated that gross domestic product, the total output of goods and services produced in the economy, grew at an annualised rate of just 0.7 …

  • A shopper speaks on her mobile phone as she walks along Oxford Street in London

    By David Milliken and Andy Bruce LONDON (Reuters) - Britain's economy slowed sharply in the first three months of 2017 as households and high streets felt the pinch from higher inflation, which has risen sharply since last year's Brexit vote. The Office for National Statistics said growth in the overall economy weakened …

  • Britain's economy slowed sharply in the first three months of 2017 as households and high streets felt the pinch from higher inflation, which has risen sharply since last year's Brexit vote. With (Other OTC: WWTH - news) the country heading for an election on June 8, there were other signs on Friday of a slowdown as house …

  • The British economy is slowing — and it has killed any chance of a Bank of England rate hike

    New data from the Office of National Statistics on Friday, which showed UK GDP growth slowing to just 0.3% in the first quarter of 2017, has effectively killed off any chance that the Bank of England will raise interest rates in the foreseeable future, according to Barclays' UK economics team. The bank currently maintains …

  • Jim Armitage: We shot ourselves in the foot and pain is starting to tell

    Today’s shocking GDP figures, worse than the gloom laden economists had predicted, totally give the lie to the nonsense talk from the Brexit camp that all will be well outside the EU. Businesses are holding off from making the investment decisions that boost orders, jobs and productivity.

  • ECB President Draghi addresses a news conference at the ECB headquarters in Frankfurt

    By Francesco Canepa FRANKFURT (Reuters) - European Central Bank staff representatives are appealing against the appointment of a new policy adviser for President Mario Draghi, alleging that the ECB's board broke its own rules by handpicking Roland Straub for his new role. Successful appeals lodged in recent months have …

  • By Claire Milhench LONDON (Reuters) - Global investors raised equity holdings to a 15-month high in April but trimmed U.S. stocks on growing scepticism over what President Donald Trump can deliver, opting instead to boost exposure to attractively valued emerging markets. A Reuters monthly asset allocation poll of 47 fund …

  • Inflation surge to keep pressure on ECB to cut stimulus Reuters - Fri, Apr 28, 2017 11:44 BST
    An illuminated euro sign is seen in front of the headquarters of the European Central Bank in Frankfurt

    By Philip Blenkinsop and Balazs Koranyi BRUSSELS/FRANKFURT (Reuters) - Inflation surged and growth continued to accelerate in the euro zone, a plethora of indicators showed on Friday, keeping pressure on the European Central Bank to start dialling back its lavish stimulus measures as early as June. Underlying inflation …

  • UK economic growth shows weakest growth since Brexit vote Sky News - Fri, Apr 28, 2017 11:33 BST
    UK economic growth shows weakest growth since Brexit vote

    The UK economy grew by 0.3% in the first three months of the year, suggesting a Brexit-linked slowdown, according to worse-than-expected official figures. In a blow to the Chancellor ahead of the General Election, the Office for National Statistics (ONS) said retail sales were the biggest drag on first quarter growth, …

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