Commodities
US consumer sentiment edges up in August
Consumer sentiment in the US improved a touch in August, according to final figures released on Friday.
Chicago PMI edges lower in August
Economic activity in the Chicago area deteriorated a touch in August but remained in expansion mode, according to figures released on Friday.
Bailey says BoE has more firepower to combat crisis
The Bank of England has more firepower available to combat the economic impact of Covid-19, Governor Andrew Bailey said.
Japan's Abe resigns over ill-health; Nikkei slumps 2%
Japan’s Prime Minister Shinzo Abe resigned on Friday, citing the return of a chronic bowel condition that had previously forced him out of office.
Fed's Powell announces shift in policy framework
The head of America's Federal Reserve announced a shift in monetary policy in order to allow both greater growth in hiring and for more sustained overshoots on inflation versus its target level following periods of weakness.
US jobless claims remain above 1m; Q2 GDP revised touch better
The number of Americans filing for unemployment benefits fell slightly last week after an unexpected increase the week before, but remained above 1 million.
Trump ban on WeChat could harm some US businesses
US President Donald Trump’s executive order banning messaging app WeChat could result in a hit to the revenues of companies in China subject to US jurisdiction.
US durable goods orders soar on demand for motor vehicles
Orders for goods made to last more than three years nearly doubled economists' forecasts for last month, led by a sharp jump in those for motor vehicles and parts.
IRC Lmtd. pays Petropavlovsk $10.3m following interims
Petropavlovsk was paid $10. 3m by IRC Limited, the Hong-Kong based explorer in which it holds a 31. 1% stake.
US new home sales beat expectations in July
Sales of new US single-family homes rose more than expected in July, according to figures released on Tuesday by the Commerce Department.
US consumer confidence deteriorates in August
US consumer confidence deteriorated in August as a rise in new coronavirus cases dented sentiment, according to a survey released on Tuesday.
Elon Musk predicts 50% boost to Model 3 battery's power
Tesla boss Elon Musk predicts that his company will be able to mass produce electric batteries for its Model 3 sedans with 50% more power in three to four years' time.
Fauci warns against premature EUA for Covid-19 vaccines
America's top health official warned of the risks of applying political pressure on the Food and Drug Administration to extend emergency use authorisation for its Covid-19 vaccine candidate before the November presidential elections in the US.
Oxford Covid-19 vaccine could be put before regulators this year
An experimental Covid-10 vaccine being developed by the University of Oxford and AstraZeneca could be put before regulators in 2020, the director of the Oxford Vaccine Group said on Tuesday.
US and China hold phone call to discuss phase one trade deal
Officials from Beijing and Washington reiterated on Monday night their commitment to the phase one trade deal between their two countries.
German business sentiment improves in August
German business sentiment improved in August, according to a widely-followed survey released on Tuesday.
Monday broker round-up
Dechra Pharmaceuticals: Liberum initiates at sell with a target price of 2,740p.
US and EU clinch 'mini' trade deal around Maine lobster
The Trump administration managed to haul in an unexpected catch, convincing the European Union to lift tariffs on Maine's lobster industry.
Advisor Kellyanne Conway to leave White House
White House advisor Kellyanne Conway announced on Sunday that she will be leaving Donald Trump’s administration at the end of August, claiming she needs to focus on her family.
UK nightclubs to implement new health and safety regulations
UK nightclubs face imminent “financial armageddon” due to the Covid-19 pandemic shutdown and have put forward new health and safety regulations.