Economic News
US warns European companies trading with Iran could face sanctions
A US national security adviser warned on Sunday that European companies who continue to trade with Iran risked being hit by US sanctions after President Donald Trump called for all links to be cut off.
Quim Torra elected as new Catalan President
Quim Torra has been elected as the new president of the Generalitat de Catalunya following a second round of voting at midday on Monday, after failing on Saturday to garner the absolute majority (70 votes) needed to be chosen in a first vote.
London's housing industry faces a 'troubling picture' as number of new build starts drops
London's housing industry was facing a "troubling picture" as new build starts and sales growth have fallen at their worst rate since 2012, according to findings from London Central Portfolio's April LCPAca Residential Index, EG's 2018 London Residential Market Analysis and the Office of National Statistics.
Tuesday preview: UK labour report, Vodafone, easyJet, Hargreaves
Tuesday's schedule contains some big company updates, including Vodafone, easyJet and LandSec, before a UK labour market report that will be scrutinised particularly closely after the Bank of England's recent backpedalling.
Mark Mobius 'definitely' interested in North Korean investment opportunities
Veteran emerging markets bull Mark Mobius said on Monday that he would "definitely" be interested in investing in North Korea, calling the opportunity presented by recent talks between the isolated nation and its southern neighbour a "beautiful combination".
Italy parties close to power sharing deal ahead of talks with president
Italy’s 5-Star Movement and League parties were close to signing off on a power-sharing deal on Monday they could take to the nation's president later in the day.
OPEC forecasts new supplies will outpace demand growth in 2018
The Organisation for Petroleum Exporting Countries nudged higher its forecast for growth in crude supplies from outside the cartel this year, predicting it would outpace the expected increase in demand.
Trump u-turn on ZTE ban catches markets by surprise
US President Donald Trump caught markets unaware again on Monday after he ordered the US Commerce Department to help Chinese telecoms company ZTE after almost putting it under.
Mohamad ousts incumbent party in shock Malaysian election result
Malaysian opposition party Pakatan Harapan upset the ruling Barisan Nasional coalition in the Asian nation's general election last week, ousting the party that had run the country for the past six decades.
Cleveland Fed's Mester says "too soon to say inflation goal has been met"
A top Federal Reserve official welcomed the recent rise in inflation to the central bank's target level, but said it was too soon to say its inflation had been met, apparently placing her in the camp of those rate-setters who were expecting just two more interest rates hikes in 2018 and not three.
Shopper numbers fall gain in April - BRC
Retail numbers in UK shops have fallen by an "unprecedented" 4. 8% over the past two months, according to a key industry survey.
Morgan Stanley says UK equities set to trump economic uncertainty
UK equities offer fertile ground for stock-pickers, Morgan Stanley says, despite the poor macroeconomic outlook.
UK consumer outlook remains depressed, April surveys show
UK consumer spending remained depressed at the start of the second quarter, as April saw households rein in spending for the 11th out of the past 12 months and high street shops being particularly hard hit.