Currencies
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
US durable goods orders fall short of forecasts in April
Durable goods orders in the US dropped sharply last month, weighed down by falls in those for automobiles and parts, civilian aircraft and for telecommunications equipment, with some economists concluding that the data reinforced the argument for the Federal Reserve to cut rates.
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.
Facebook plans to launch bitcoin rival in 2020
Facebook is set to launch a new cryptocurrency in 2020 to rival bitcoin and accelerate the diversification of its revenue away from advertising.
Tearful May says she will quit on June 7
A tearful Theresa May finally fell on her sword on Friday as she said she would quit office on June 7, having failed to secure agreement on her Brexit withdrawal deal.