Economic News
14 May
US warns European companies trading with Iran could face sanctions

A US national security adviser warned on Sunday that European companies who continue to trade with Iran risked being hit by US sanctions after President Donald Trump called for all links to be cut off.

14 May
ep quim torra jxcat
Quim Torra elected as new Catalan President

Quim Torra has been elected as the new president of the Generalitat de Catalunya following a second round of voting at midday on Monday, after failing on Saturday to garner the absolute majority (70 votes) needed to be chosen in a first vote.

14 May
property, housing, real estate, house prices
London's housing industry faces a 'troubling picture' as number of new build starts drops

London's housing industry was facing a "troubling picture" as new build starts and sales growth have fallen at their worst rate since 2012, according to findings from London Central Portfolio's April LCPAca Residential Index, EG's 2018 London Residential Market Analysis and the Office of National Statistics.

14 May
ep johan lundgren ceoeasyjet
Tuesday preview: UK labour report, Vodafone, easyJet, Hargreaves

Tuesday's schedule contains some big company updates, including Vodafone, easyJet and LandSec, before a UK labour market report that will be scrutinised particularly closely after the Bank of England's recent backpedalling.

14 May
Mark Mobius 'definitely' interested in North Korean investment opportunities

Veteran emerging markets bull Mark Mobius said on Monday that he would "definitely" be interested in investing in North Korea, calling the opportunity presented by recent talks between the isolated nation and its southern neighbour a "beautiful combination".

14 May
italy italian flag
Italy parties close to power sharing deal ahead of talks with president

Italy’s 5-Star Movement and League parties were close to signing off on a power-sharing deal on Monday they could take to the nation's president later in the day.

14 May
OPEC forecasts new supplies will outpace demand growth in 2018

The Organisation for Petroleum Exporting Countries nudged higher its forecast for growth in crude supplies from outside the cartel this year, predicting it would outpace the expected increase in demand.

14 May
trump china eeuu portada buena
Trump u-turn on ZTE ban catches markets by surprise

US President Donald Trump caught markets unaware again on Monday after he ordered the US Commerce Department to help Chinese telecoms company ZTE after almost putting it under.

14 May
kuala lumpur kl malaysia
Mohamad ousts incumbent party in shock Malaysian election result

Malaysian opposition party Pakatan Harapan upset the ruling Barisan Nasional coalition in the Asian nation's general election last week, ousting the party that had run the country for the past six decades.

14 May
Cleveland Fed's Mester says "too soon to say inflation goal has been met"

A top Federal Reserve official welcomed the recent rise in inflation to the central bank's target level, but said it was too soon to say its inflation had been met, apparently placing her in the camp of those rate-setters who were expecting just two more interest rates hikes in 2018 and not three.

14 May
debenhams retail revamp
Shopper numbers fall gain in April - BRC

Retail numbers in UK shops have fallen by an "unprecedented" 4. 8% over the past two months, according to a key industry survey.

14 May
Morgan Stanley says UK equities set to trump economic uncertainty

UK equities offer fertile ground for stock-pickers, Morgan Stanley says, despite the poor macroeconomic outlook.

14 May
pay retail stores shopping inflation next
UK consumer outlook remains depressed, April surveys show

UK consumer spending remained depressed at the start of the second quarter, as April saw households rein in spending for the 11th out of the past 12 months and high street shops being particularly hard hit.