ECONOMIC NEWS
01 Dec
cbbolsatraderpresion short
Warnings of 'equity correction' and 'red lights' fly thick and fast

A stock market correction of around 40% in global equity indices is a "real possibility", analysts warned on Friday as stocks soar "higher than the festive reindeer" and star UK investor Neil Woodford sees “so many lights flashing red” he is put off from buying.

01 Dec
flynn
Reports say Michael Flynn will testify against President

Former US national security adviser Michael Flynn has been charged with making false statements to the FBI in special counsel Robert Mueller’s probe into Russian meddling in last year’s presidential election, with Wall Street markets falling sharply as reports suggest he will testify against Donald Trump.

01 Dec
renault
US manufacturing growth remains strong in November, ISM says, new orders rise

The results of the most widely-followed survey of manufacturing conditions in the States dipped slightly last month, but continued to point towards robust conditions in the sector.

01 Dec
factory, factories, manufacturing, manufacturer
IHS Markit US manufacturing PMI drops to 53.9 in November

US manufacturing activity slowed a little less than expected in November, according to figures released on Friday.

01 Dec
William Dudley
US tax reform makes sense but it's not the best moment for stimulus, Fed's Dudley says

An overhaul of US tax legislation is sensible, but it is fair to ask whether now is the best moment to inject fiscal stimulus, the US central bank's number two official said.

01 Dec
bullard
Fed needs to move cautiously on interest rate hikes, Bullard says

US central bankers need to be more cautious, lest the interest rate curve 'invert', choking off growth, a top rate-setter said.

01 Dec
cbtrumptax
Key senate tax reform vote delayed until Friday

Tax reform in the US introduced by congressional Republicans and Donald Trump hit another stumbling block on Thursday after a key vote in the Senate was pushed back until Friday.

01 Dec
jeremy-corbyn-labour
Corbyn tells Morgan Stanley it is right to consider him 'a threat'

Labour party leader Jeremy Corbyn told Morgan Stanley that banks were right to consider him a threat due to his plans to overhaul a rigged economy that benefits speculators at the expense of everyday people.

01 Dec
meadowhall, british land, retail, shopping centre
Retail sales spike in Black Friday week, BDO confirms

Retailers enjoyed a bittersweet respite from the recent gloom on the high street as Black Friday sales in the last week were lifted back into growth territory, though overall footfall was still disappointing.

01 Dec
dup northern ireland arlene
DUP threatens to withdraw government support if May backs down on Irish border

The Democratic Unionist Party has threatened to remove its support for Theresa May’s government if she makes concessions to the EU on the Irish border as part of Brexit discussions.

01 Dec
cbrextillerson
Trump planning to axe secretary of state Tillerson - reports

US secretary of state Rex Tillerson will be sacked by President Donald Trump after falling out of favour with the former property mogul, according to reports in the country.

01 Dec
factory, factories, manufacturing, manufacturer
UK manufacturing PMI hits highest level since August 2013 in November

Activity in the UK manufacturing sector picked up in November, hitting its highest level since August 2013, according to data released on Friday.