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  • EU probe launched into ECB links with private banks

    European Central Bank President Mario Draghi, seen December 15, 2016, is the subject of an investigation surrounding his and his aides' ties with private banks

  • High street hitch: Why retail sales plunged in December International Business Times - 9 hours ago
    High street hitch: Why retail sales plunged in December

    High street sales over Christmas were hit by a heady combination of rising inflation and the alluring effects of Black Friday, dragging bargain hunters' spending into November. Analysts were taken by surprise when the Office for National Statistics (ONS) said retail volumes dropped 1.9% in December compared to the month …

  • British retail sales suffered their biggest slump in more than four years in December, denting what had been a promising fourth quarter and rattling sterling as more signs emerged of a pick-up in inflation since June's Brexit vote. Friday's data showed retail sales volumes dropped 1.9 percent month-on-month in December, …

  • High street spending tumbles by the most in five years in December International Business Times - 13 hours ago
    High street spending tumbles by the most in five years in December

    An unexpected slowdown in high-street spending for everything from household goods to food saw the worst fall in retail sales for five years last month, said official data. Figures from the Office for National Statistics (ONS) said retail volumes dropped 1.9% month-on-month in December, far below economists' forecasts …

  • UK retail sales in shock slump

    British retail sales unexpectedly slumped 1.9 percent in December from the previous month

  • Chinese economic growth picks up for first time in two years

    There is renewed concern for rising debt levels in the Chinese economy after it posted growth numbers for the final quarter of 2016 that beat expectations. It also emerged on Friday that the central bank, the People's Bank of China (HKSE: 3988-OL.HK - news) , had agreed to relax bank liquidity restrictions to allow for …

  • The euro clearing houses that currently trade from London could only remain in the city after Brexit if the new framework is "strong enough."

  • North Asia will be hit the hardest when U.S. president-elect Trump follows through on his promises for more restrictive trade policies, Goldman Sachs wrote in a note.

  • Barring China, most Asian markets slip ahead of US President-elect Donald Trump's inauguration

    Most Asian stock market indices declined on Friday (20 January) but the Shanghai Composite was up 0.64% at 3,121.02 as of 5.30am GMT. While investors in China were upbeat amid positive GDP data, elsewhere in Asia, investors were cautious ahead of US President-elect Donald Trump's inauguration.

  • China's economy grows more than expected in fourth quarter International Business Times - 18 hours ago
    China's economy grows more than expected in fourth quarter

    China's economy expanded 6.8% year-on-year in the fourth quarter, faster than the 6.7% growth in the previous three months, official figures have revealed. This represents the first quarter in which China's gross domestic product has increased at a brisker pace in two years. For 2016 as a whole, the economy grew by 6.7% …

  • China's gross domestic product (GDP) grew 6.8 percent on-year in the fourth quarter, slightly beating expectations and signalling growth was stabilizing.

  • Asian markets were a mixed bag on Friday after China's latest set of economic data suggest the economy is recovering.

  • Sen. Pat Roberts jokingly offered Sen. Ron Wyden a Valium, setting off tensions even before Mnuchin gave his opening remarks.

  • U.S. government debt prices were lower on Thursday as investors digested testimony from President-elect Donald Trump's Treasury pick.

  • Pound pounces on soft euro, keeps dollar at bay Reuters - UK Focus - Thu, Jan 19, 2017 16:53 GMT

    The pound took advantage of a cautious-sounding European Central Bank head Mario Draghi on Thursday to hit a 10-day high against the euro, and stabilised against the dollar after a rollercoaster few days of Brexit-related swings. There was a noticeable lull after both its biggest daily rise in decades and two of its heaviest …

  • Telling critics to be patient, ECB sticks to ultra-easy policy Reuters - UK Focus - Thu, Jan 19, 2017 16:30 GMT

    The European Central Bank stuck to its super-easy monetary policy on Thursday, telling those calling for a tightening - like economic powerhouse Germany - to be patient as the bloc slowly regains its economic health. Pledging to look through an inflation blip fuelled by rising oil prices, ECB President Mario Draghi acknowledged …

  • ECB's Draghi says too early for stimulus exit AFP - Thu, Jan 19, 2017 16:03 GMT
    ECB's Draghi says too early for stimulus exit

    European Central Bank (ECB) chief Mario Draghi speaks to reporters in Frankfurt, on January 19, 2017

  • Meeting minutes from the ECB's December meeting showed "a few members" had been opposed to the central bank extending its purchases beyond March.

  • European Central Bank President Mario Draghi said on Thursday that actions the bank has taken in December have succeeded in improving the economic climate, but he pledged to do more if the improvement proved transitory. "A very substantial degree of (monetary policy) accommodation is needed," he told a news conference …

  • ECB maintains interest rate as Draghi hints at looser monetary policy International Business Times - Thu, Jan 19, 2017 13:15 GMT
    ECB maintains interest rate as Draghi hints at looser monetary policy

    The European Central Bank (ECB) maintained its bond-buying programme on Thursday (19 January) until at least December, in line with market expectation, as it kept interest rates unchanged at zero. The bank also left its refinancing rate (the rate at which it lends money to commercial banks) and interest rates on the marginal …

  • FOREX-Yellen speech bolsters dollar after Trump's mixed messages Reuters - UK Focus - Thu, Jan 19, 2017 12:28 GMT

    The dollar held firm against most of its major rivals on Thursday after Federal Reserve Chair Janet Yellen promised a "few" rises in U.S interest rates this year, halting its worst run in five months. The greenback gained as much as 1 percent on Wednesday after Yellen's speech, which turned investors back to the narrative …

  • Different dynamics between the euro zone and Germany make monetary policy "politically" awkward, the global chief economist at Citigroup bank told CNBC.

  • Irish consumer prices remained flat throughout 2016 Reuters - UK Focus - Thu, Jan 19, 2017 11:17 GMT

    Irish consumer prices remained flat on average during 2016 after failing to rise year-on-year for the fifth successive month in December, data from the central statistics agency showed on Thursday. Ireland's ...

  • FOREX-Yellen speech bolsters dollar after Trump's mixed messages Reuters - UK Focus - Thu, Jan 19, 2017 09:37 GMT

    The dollar held firm against most of its major rivals on Thursday after a speech by Federal Reserve Chair Janet Yellen halted its worst run in five months by promising a "few" rises in U.S interest rates this year. The greenback gained as much as 2 percent on Wednesday after Yellen's speech, which turned investors back …

  • MORNING BID EUROPE-Draghi: pushing the case for stimulus Reuters - UK Focus - Thu, Jan 19, 2017 09:33 GMT

    The European Central Bank is all but certain to keep its rates and asset-buying package unchanged today, repeating its December pledge to preserve "substantial" stimulus, even if the economy ...

  • China is expected to meet government growth targets for 2016 with no surprises.

  • Cheering better growth, ECB still to keep policy, stimulus unchanged Reuters - UK Focus - Wed, Jan 18, 2017 23:00 GMT

    With (Other OTC: WWTH - news) euro zone growth and inflation slowly picking up pace, the European Central Bank is set to argue on Thursday that its extra-easy policy stance is still needed to keep the recovery on course. It is all but certain to leave current monetary policy in place and maintain a promise for lengthy …

  • Higher gasoline, rental costs boost U.S. consumer inflation Reuters - UK Focus - Wed, Jan 18, 2017 21:52 GMT

    U.S. consumer prices increased in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signaling that inflation pressures could be building. The rise in inflation, coming as economic growth strengthens, was corroborated by a separate report …

  • JPMorgan chief Jamie Dimon tells CNBC the economy could grow up to 4 percent this year with the right policies from Donald Trump.

  • Davos 2017: Trump's a 'bizarre manifestation' of growing concern over inequality, says Larry Summers

    The ongoing wave of global populism being propagated by the likes of Donald Trump would end up harming the very people "in whose name" such policies were pitched, especially lower income groups, according to Larry Summers, former US Treasury Secretary in the Clinton administration. Speaking at the 2017 World Economic Forum …

  • US consumer inflation continues rise at end of 2016 AFP - Wed, Jan 18, 2017 15:25 GMT
    US consumer inflation continues rise at end of 2016

    Largely driven by increases in the costs of shelter and gasoline, the US Consumer Price Index rose 0.3 percent for December on a seasonally adjusted basis

  • Blockchain and Imperial College London launch Digital Asset Research Lab International Business Times - Wed, Jan 18, 2017 15:11 GMT
    Blockchain and Imperial College London launch Digital Asset Research Lab

    Blockchain, the iconic software platform for digital assets, has partnered with Imperial College London to launch the Digital Asset Research Lab – an international centre for research and application activity related to cryptocurrency and blockchain technology. The Lab has been funded as part of a three-year partnership …

  • Davos 2017: IMF boss Christine Lagarde warns of middle-class crisis International Business Times - Wed, Jan 18, 2017 14:52 GMT
    Brexit will 'not be positive all along and without pain', IMF's Christine Lagarde warns

    The head of the International Monetary Fund (IMF), Christine Lagarde, has called for urgent action to tackle a growing crisis among ordinary workers, warning that inequality and distrust fuelled populism. The IMF chief was using the US usage of 'middle class', meaning middle-income workers. Lagarde was speaking at World …

  • TREASURIES-Yields rise on higher inflation, before Yellen Reuters - UK Focus - Wed, Jan 18, 2017 14:07 GMT

    U.S. Treasury yields rose on Wednesday after data showed rising consumer prices and as investors awaited a speech by Federal Reserve Chair Janet Yellen. U.S. consumer prices increased in December as households ...

  • US CREDIT OPEN-Futures flat ahead of Beige Book, Yellen speech Reuters - UK Focus - Wed, Jan 18, 2017 13:08 GMT

    By John Balassi NEW YORK, Jan 18 - Summary of overnight events and Wednesday's main headlines: Dow Futures: +11.00 S&P Futures: +2.50 Nasdaq Futures: +7.75 CDX IG.27: -0.25 tighter CDX HY.27: +0.0625 higher ...

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