Economic News
SOVA Capital believes Bank of Russia's next move will be a rate cut
Central Bank of Russia's recent decision to hike rates does not foreshadow that more interest rate hikes lay ahead, analysts at Sova Capital said.
Turkish lira boosted as Pompeo lets slip Brunson could be released soon
The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.
Labour pledges to set up publicly-owned water services run by workers
The Labour party has pledged to "turn off the tap" that sells-off utilities for private profit and to set up publicly-owned transparent water companies run by local councils, workers and customers.
Volvo halts Iran truck operations over US sanctions
Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.
ECB expects 'relatively vigorous pick-up' in core CPI, Draghi says
Europe's single currency bounded higher in mid-afternoon trading on Monday, after European Central Bank chief, Mario Draghi, said that the stable outlook for headline consumer prices masked stronger underlying price pressures.
Labour's McDonnell unveils employee share ownership plans
Shadow Chancellor John McDonnell unveiled a plan to force larger companies to give shares worth up to £500 per employee, in a speech at the Labour party conference on Monday.
Oil price rises to four-year high
Brent crude oil gained 2% to $80. 75 on Monday morning, its highest price in four years after Opec's weekend meeting and amid heightened tensions between the US and Iran.
UK export growth reaches lowest level since Brexit vote - BDO
The UK export growth has fallen for a sixth consecutive quarter and has reached its lowest level since the Brexit referendum in 2016, a survey has found.
May faces cabinet pressure amid calls to drop Chequers plan
Theresa May will face pressure on Monday as Brexiters will urge the Prime Minister and her cabinet to ditch the Brexit Chequers plan after her meeting with EU leaders in Salzburg last week.
Manufacturing orders hit by export decline - CBI
Manufacturing orders have fallen to a four-month low, a survey from the Confederation of British Industry revealed on Monday.
China refuses trade talks with US as new tariffs kick in
China has refused to continue trade negotiations with the US until President Donald Trump stops threatening further tariffs.
German business sentiment proves resilient in September - Ifo
Business confidence in Germany deteriorated less than expected in September, according to a survey released by the Ifo Institute on Monday.