01/06/2017

Press Review

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07:30 GMT, Thursday, June 01, 2017

►►► Economy

The Guardian ► UK comes bottom of G7 growth league as Canada takes lead Britain’s 0.2% growth rate puts it on a par with Italy, while Canadian economy expanded by 0.9% in first quarter. Reuters ► Fed's Williams bullish on U.S. economy, sees total three rate hikes this year San Francisco Federal Reserve Bank President John C. Williams said on Thursday he sees a total of three interest rate increases for this year as his baseline scenario, but views four hikes as also being appropriate if the U.S. economy gets an unexpected boost.

►►► Politics Bloomberg ► May's Decision to Skip TV Debate Slammed by Party Leaders Theresa May’s decision to skip a televised election debate threatened to rebound on her as other party leaders lambasted her absence, saying it proved she’s unfit to lead Britain. CNN ► Trump and Europe don't mix, and that will have lasting consequences "America First" is what Donald Trump promised, and it's what he's delivering, with his expected withdrawal from the Paris climate accord and his upbraiding of fellow NATO leaders in Europe last week.

►►► Opinions Christopher Balding ► Is China Headed for a Recession? For the first time ever, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink below short-term interest rates, has caused some consternation... Peter Apps ► Why Deutsche Bank "Like Selling" British Pound Against Euro and Swiss Franc Foreign exchange strategists with Deutsche Bank have told clients it could be time to start betting against the Pound again with the outcome of the upcoming General Election likely to prove disappointing for Sterling.

►►► Currencies Reuters ► Sterling slips on election fears, conflicting China signals weigh on stocks Sterling retreated on Thursday on fears that Prime Minister Theresa May could lose control of parliament in Britain's June 8 election... Action Forex ► Australian Dollar Down as Private Capital Spending Missed, China PMI Dipped into Contraction Australian dollar was given a brief boost by retail sales data in Asian session but quickly reversed. It's trading as the biggest loser so far for the day and the week. Retail sales rose 1.0% mom in April...

►►► Markets The Economic Times ► Gold holds near 5-week highs, but potential U.S. rate hike drags Gold held steady on Thursday after hitting a five-week high in the previous session on geopolitical tensions, but expectations the U.S. Federal Reserve will hike interest rates next month weighed on prices. Market Watch ► Oil rebounds after API report, but analysts have little faith in gains Oil regained some ground on Thursday following upbeat data from an industry group that U.S. crude inventories fell sharply last week. But market watchers don’t see the gains lasting.

►►► Top Videos

CNBC ► Overseas investments have been 'extremely rewarding' for US... But the U.S. market, with high valuations and ongoing political risks, has held up quite well, says Jonathan Brodsky of Cedar Street AM. Bloomberg ► May's Debate Absence Slammed by Other U.K Party Leaders Conflicting projections of next week's U.K. general election has seen pound traders jitter, as tension increases in the market. Prime Minister May's decision to skip last night's televised election debate threatened to backfire on her as other party leaders lambasted her absence.

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