Market Pulse - Currencies
IEA sticks to forecast for slight pick-up in global oil demand for 2019
The rich world's energy watchdog reiterated its forecast for global oil demand growth in 2019, even as it highlighted the multiple sources of uncertainty which existed on both the demand and supply sides of the equation.
Washington may be open to lifting some tariffs on China, Journal says
Washington might be prepared to make concessions of its own should Beijing decide to 'play ball' in upcoming trade talks.
DUP could support soft Brexit to avoid Irish backstop
The Democratic Unionist Party could support a soft Brexit that would have the whole of the UK aligned with the EU’s customs union in a bid to avoid the Irish backstop, according to a newspaper report on Friday.
UK would vote remain by 12% margin - YouGov poll
Britain would vote to stay in the European Union by a 12% margin in a second referendum, revealed a new poll by YouGov taken on 16 January.
France triggers no-deal Brexit contingency plan
France put its Brexit contingency plans into motion on Thursday, amid growing concerns of a no-deal scenario.
Brexit: UK business groups react with anger to vote result
UK business leaders reacted with anger to Tuesday's heavy defeat of Prime Minister Theresa May's Brexit withdrawal agreement.
Brexit: So now what? Analysts weigh-in
Danske Bank: "The first thing to look out for is the Labour's motion of no confidence in May's government tomorrow. [. ] PM Theresa will most likely survive the vote (remember the Conservatives cannot force her to resign as party leader for another year after she won the party confidence vote in December). Vote takes place at 20:00 CET.
Commodities: Oil, copper gain on China stimulus
Energy futures snapped higher in late trading as the Greenback cut its earlier advance following news of a landslide rejection of the British Prime Minister's Brexit proposal.
US open: Stocks rise, Netflix offsets losses from JP Morgan and Wells Fargo
Trading on Wall Street has gotten off to a positive start following the release of data that some analysts say shows scant pipeline price pressures building in the economy.
China car sales fall for the first time this century
Chinese car sales have dropped for the first time since 1990 as an economic slowdown and the ongoing trade war with the US take their toll.
Europe midday: Stocks slip on Chinese data, poor prospects in Germany and Italy
Stockmarkets on the Continent have come off their worst levels of the session but continue to be mired in the red following the release of figures showing that both China's exports and imports hit two year-lows at the end of 2018.
Euro area industrial production falls short in November, risks seen
Euro area industrial production shrank more quickly than expected in November, amid sharp declines in the output of capital and durable consumer goods.
China's trade surplus surges in December amid weak imports
Both exports and imports from Asia's largest economy slowed much more rapidly than anticipated at the end of 2018, amid softer growth around the world and as the tariffs imposed by Washington took an increasing toll.
US CPI slips in December on energy price drop, core inflation 'solid'
US consumer prices fell back just as expected last month amid a sharp drop in energy costs but, according to analysts, amid broad-based inflationary pressures at the core level.
BofA-ML sees Brent at $70 in 2019, but says global recession could result in $35
There are risks, but analysts at Bank of America-Merrill Lynch on Friday reiterated their forecast for an average price of Brent crude oil in 2019 of $70 a barrel, pointing to a combination of potentially supportive factors, including a weaker US dollar, and the then current 'bearish' investor set-up.
Fed's Clarida sounds very dovish note on policy outlook
The US central bank's second-in-charge sounded quite a 'dovish' note on Thursday evening, making the case for the central bank to offset slower growth overseas and "materially" tighter financial conditions if they are sustained.
FX round-up: Pound mixed, US dollar stages small bounce
Sterling was mixed on Thursday, slipping against the US dollar but edging higher versus the European single currency.
Bonds: Investors mulling possible Norway-plus Brexit, keeping close eye on Fedspeak
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Corbyn urges general election to break Brexit 'deadlock'
Labour leader Jeremy Corbyn ramped up calls on Thursday for a general election to "break the deadlock" over Brexit.
China December CPI and factory gate prices undershoot forecasts
The cost of living in the People's Republic of China fell more quickly than anticipated last month as energy prices fell back, alongside a more broad-based drop in factory gate inflation which analysts said was "consistent" with other evidence of softer demand.