Chicago NAPM comes in well below forecasts

The Chicago NAPM's manufacturing PMI for the month of May has come in far below expectations, at 56.6 points, as compared to the previous month's reading of 67.6. Consensus estimates ...

Exports to power UK growth, BoA says

A strong export market should help to support UK growth in coming quarters, according to a new report from the Bank of America (BoA). "Both business investment and net exports are ...

TA: Short term correction on the cards for cable

Cable - the sterling/dollar cross-rate - has maintained the recent upward rally and hit an intra-day maximum at $1.6547. It has managed to bounce back very strongly after last week ...

London open: FTSE 100 builds on gains

The top share index is adding to the gains it made ahead of the long weekend and homing in on the 6,000 point mark around which it has been flitting ...

End may be in sight for Greece talks

The talks between auditors from the European Union (EU), the International Monetary Fund (IMF) and the European Central Bank (ECB) about new rescue measures for Greece have dragged on into ...

FX round-up: Dollar climbs in thin trade

The dollar gained in quiet trading on Monday, with markets in the US and UK closed for a holiday, as traders nervously monitor Greece's uncertain financial outlook. The dollar index, which ...

Greece may allow unprecedented supervision for aid

"European leaders are negotiating a deal that would lead to unprecedented outside intervention in the Greek economy, including international involvement in tax collection and privatisation of state assets, in exchange ...

Week Ahead: Johnson Matthey, US non-farm payrolls

Next week is looking like a relatively quiet week, even with the obligation to squeeze in all the results in to a four day week. Speciality chemicals group Johnson Matthey issues ...

UK Consumer confidence registers a surprise jump in May

The consumer confidence index for the UK unexpectedly jumped in May, according to GfK, to -21 points, from -31 the month before. The rise is almost unprecedented in the ...

FX round-up: Economic headwinds rattle dollar

The dollar lost ground against the euro on Thursday as gloomy US economic data overshadowed the latest round of worries about the euro zone debt crisis. Disappointing US growth figures eclipsed ...
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