Economic News
Oil prices spike as Qatar drops out of Opec, rumours of production cut
Qatar plans to pull out of the Organization of the Petroleum Exporting Countries (OPEC) in January, the country's energy minister warned on Monday.
ISM manufacturing index unexpectedly ticks up in November
Growth in the US manufacturing sector unexpectedly picked up in November, according to the Institute for Supply Management.
Fed's Quarles stresses that policy is data-dependent
A top US central bank official towed on Monday Federal Reserve chief, Jerome Powell's, line from the week before that official interest rates were near the lower bound of what was deemed to be a 'neutral' level, but clarified that it remained to be seen where exactly they would settle.
Leaked legal advice on Brexit deal reveals no end date to backstop arrangement
The government is under pressure from Labour to publish the full legal advice paper on the Brexit deal or could face a “constitutional crisis”, as a draft of the report was leaked on Monday morning revealing no end date for backstop arrangement.
French president must not see red over yellow vest riots - Berenberg
Berenberg believes French president Emmanuel Macron should hold his nerve over the yellow vest protests, arguing that his policies should bolster France’s long-term economic health and even usher in a “golden decade”.
Governments to discuss attempts to cut emissions at UN climate change summit
Governments from around the world will discuss tangible ways of tackling C02 emissions and avoid catastrophic global warming at the UN climate change summit beginning on Monday.
Chinese exports fall as Sino-US trade war bites
Manufacturing remained stable in China in November, although the simmering trade war between Washington and Beijing continued to dent exports.
Factories report modest recovery in November, but outlook remains bleak
The manufacturing sector saw a slight rebound in activity in November, data showed on Monday, but optimism for the future sank to fresh lows as Brexit uncertainties weighed heavily.
Eurozone manufacturing activity hits lowest level since 2016 - IHS/Markit
Growth in the eurozone manufacturing sector slowed a little in November, to its lowest level in more than two years, according to data released on Monday.