Economic News
Fed's Powell's positive on economy, financial markets' reaction is being monitored
The Federal Reserve needs to calibrate how much it needs to further tighten monetary policy and at what pace, central bank chairman, Jerome Powell, said overnight.
May pledges to drive Brexit plan through despite Cabinet turmoil
UK Prime Minister Theresa May vowed to push through her Brexit after a day of turmoil that saw two Cabinet ministers quit and MPs openly talking of a no-confidence vote.
S&P reaffirms UK sovereign debt rating at AA, but outlook still negative
Standard&Poor's reiterated its rating on the UK's long-term sovereign debt, despite the risk that the withdrawal agreement that had been reached overnight between Brussels and London might not make it through Parliament, forcing both sides to return to the bargaining table.
Cryptocurrencies drop 12% to hit a one-year low
Cryptocurrencies were adding to their Wednesday plunge with the best-known of them, Bitcoin, down 12. 61% to $5,428.
US jobless claims rose unexpectedly last week
US jobless claims edged only slightly higher last week, but some economists believed there were signs in the data that, at least for now, momentum in the jobs market might be topping out.
October US retail sales rise as expected
US retail sales grew more quickly than expected last month, boosted by sales of motor vehicles, building materials and at gasoline stations.
Philly Fed index drops more than expected in November
Manufacturing conditions in the Philadelphia region deteriorated more than expected in November, according to a survey released on Thursday.
Credit Suisse upgrades UK equities, says early elections 'unlikely'
Credit Suisse upgraded its view on UK stocks on Wednesday, arguing that investors had 'thrown in the towel', leaving shares undervalued in the process.
Europe midday: Stocks dip amid post-Brexit deal political convulsions
Stocks across the Continent are trading slightly lower as investors digest the ongoing political convulsions in London, even as they keep a wary eye on the Italian government's antics with Brussels over its 2019 budget.
UK retail sales tumble 0.5%
UK retail sales tumbled last month, official figures revealed on Thursday, confounding expectations for the sector to bounce back from the previous month.
GVC avoids £700m payment for Ladbrokes takeover
GVC Holdings avoided paying almost an extra £700m for its acquisition of Ladbrokes after the government issued a new ruling on the UK fixed-odds betting machines.