Market Pulse - Currencies
FTSE 100 could hit 10,000 if it can shake off Brexit risk premium
For the top-flight index to reach the 10,000 point mark by end-2020, the UK share market needs to either rid itself of the current risk discount associated with Brexit or be carried aloft by a global equity bubble, a top research team said.
FX round-up: Pound gains as PM pushes for end to Brexit talks with Labour
Sterling strengthened on Tuesday, as traders played it safe ahead of the US central bank's policy announcement the next day and on the back of reports that the government was aiming for closure in talks with Labour.
China factory sector activity slows in April, PMIs reveal
Chinese factory sector conditions cooled unexpectedly in April, according to the results of two very closely-followed surveys, indicating that the Asian giant's economy "was not yet out of the woods", according to economists.
Sanchez wins Spanish election as left pushes back against far-right Vox
The Spanish Socialist Party (PSOE) led by Pedro Sánchez is set to remain in power after coming away with the most seats in Congress at Sunday’s general election.
Hammond seeks to build China ties on trip to Beijing
Chancellor Philip Hammond has stepped up attempts to strengthen economic ties with China by praising the Belt and Road initiative and suggesting Britain could go easier on Chinese expansion in the South China Sea.
Warren Buffett says he's ready to invest in the UK
Warren Buffett is prepared to invest in Britain immediately if the right opportunity arises.
Drax Group to sell US dollar debt to partially pay back bridge financing
Drax Group will issue fixed rate medium-term US dollar denominated debt to partially pay back the short-term bank loans which it used to help finance the purchase of Scottish Power Generation.
Uber seeks valuation of up to $90bn at IPO
Ride-hailing company Uber will unveil the terms for its initial public offering on Friday and it’s reportedly seeking a valuation of between $80bn and $90bn, according to reports.
Slack files for unusual direct NYSE listing
Slack submitted its plans to the US Securities Exchange Commission to go public through an unusual direct listing on Friday, avoiding the more traditional initial public offering format.
FX round-up: Swedish krona, Turkish lira slip as rate-setters turn more dovish
It was a fairly volatile day of trading in foreign exchange markets on Thursday, with big moves in the Swedish krona and Turkish lira after the respective central banks behind them became the latest to sound a dovish note on the outlook.
Friday preview: US Q1 GDP, RBS in focus
Barring surprises, the market spotlight at the end of the week will continue to be on the States, where the Department of Commerce is expected to publish a preliminary reading on first quarter GDP (consensus: 1. 8%).
Riksbank pushes out expected date of first rate hike
Sweden's central bank became the latest central bank to shift towards a more 'dovish' policy bias on Thursday.
Belt and Road: China showcases initiative to world leaders and addresses worries
The Chinese government is set to present its Belt and Road trade initiative to world leaders at a gathering in Beijing starting on Thursday.
Norwegian Air clinches improved delivery schedule from Boeing
Norwegian Air agreed with Airbus and Boeing to delay deliveries of aircraft in order to cut back on its capital spending, making the most of the leverage afforded it by the disasters linked to two of the latter manufacturer's jets.
Analysts label Central Bank of Turkey's 'dovish' turn 'complacent', lira drops
Rate-setters in Ankara stopped holding out the possibility of further interest rate hikes, sending the Turkish lira sharply lower.
Deutsche Bank and UBS plot asset management merger
Deutsche Bank and UBS have been discussing for months a possible tie-up between their two asset management arms that would result in the creation of Europe's largest investment firm.
FX round-up: Early gains for sterling dry up as traders wait on events a Westminster
Early gains for sterling on Tuesday evaporated amid reports that the government was aiming to put the Withdrawal Agreement bill, enshrining Brexit into law, to a vote in Parliament next week.
Govt to resume Brexit talks with Labour as Tories look to topple May
The government and opposition Labour Party were set to resume Brexit talks on Tuesday as MPs returned from the Easter break.
Berenberg initiates coverage of 'growth stock' Man Group at 'buy'
Berenberg has initiated coverage of Man Group shares with a ‘buy’ recommendation, arguing that it is a “compelling growth stock”.
Tesla drops Nvidia chips from its vehicles
Tesla has started incorporating its vehicles with a self-driving computer designed in-house in a move that will see it transition away from chips supplied by Nvidia.