Christine Lagarde: Interview with Les Échos
On 11 June, the ECB raised its key interest rates. Do you still think that was the right decision, given that just ten days later Iran and the United States agreed a 60-day ceasefire?
Economy
Crude Oil forgets the war and shrugs at the tollbooth
Crude Oil finished Thursday at its lowest level in 18 weeks, which means the vast risk premium that built up around this year's conflict has fully bled away, back to pre-war levels. The interesting part is not the round…
'We give up to £400': How much should you gift at a wedding?
Being a wedding guest can be expensive - there's travel, accommodation, you might even treat yourself to a new outfit - then there's another cost to factor in: the gift.
'We give up to £400': How much should you gift at a wedding?
Being a wedding guest can be expensive - there's travel, accommodation, you might even treat yourself to a new outfit - then there's another cost to factor in: the gift.
Ryanair warns of 'queue chaos' from new EU border system
Ryanair and the boss of Berlin Airport have warned of severe disruption to summer travel because of the new digital EU border check system.
The Dow Jones Industrial Average sets records while the chips fall
A June jobs report that undershot expectations by nearly half sent the Dow Jones Industrial Average (DJIA) to a fresh intraday record on Thursday, which reads like a contradiction until you look at what actually moved. …
AUD/USD Price Forecast: Bearish bias persists below 0.7000
The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Thursday as a weaker-than-expected US Nonfarm Payrolls (NFP) report pushed back expectations of an imminent Federal Reserve (Fed) inter…
United States Dollar Index retreats after US economy adds just 57K jobs in June
The US Dollar Index (DXY) trades under pressure on Thursday as weaker-than-expected US Nonfarm Payrolls (NFP) data dent expectations of a near-term Federal Reserve (Fed) rate hike.
Pubs allowed to stay open until 5am on Monday for England Mexico match
Pubs in England and Wales will now be allowed to stay open until 05:00 on Monday, allowing football fans to watch the Three Lions' World Cup clash with Mexico to the final whistle.
Australian Dollar rises as weak US NFP weighs on the US Dollar
The AUD/USD pair climbed near the 0.6930 area on Thursday as the US Dollar (USD) came under pressure following softer-than-expected United States (US) labor market data. The pair advanced as investors trimmed expectatio…
Goat and skin in millions of 'lamb' kebabs compared to horsemeat lasagne scandal
Millions of people are likely to have eaten takeaway kebabs made with goat, skin and fat when they thought they were buying lamb meat, in a fraud that investigators have compared to the 2013 horsemeat lasagne scandal.
Japanese Yen rebounds on softer US payrolls, intervention risks
USD/JPY falls 0.92% on Thursday and trades around 161.05 at the time of writing after a much weaker-than-expected US employment report weighs on the US Dollar (USD).
Euro hits nine-day high after softer-than-expected US NFP
The Euro (EUR) gains against the US Dollar (USD) on Thursday after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of an imminent Federal Reserve (Fed) rate hike.
New Zealand Dollar advances as weaker US employment data weighs on US Dollar
NZD/USD rises 0.59% on Thursday to trade around 0.5705 at the time of writing, supported by a sharp decline in the US Dollar (USD) following the release of a significantly weaker-than-expected US employment report.
Federal Reserve: Jobs slowdown supports steady rates – Commerzbank
Commerzbank’s Bernd Weidensteiner notes that weaker US employment data for June and downward revisions to prior months reduce pressure on the Federal Reserve to hike rates at the late-July meeting. With Oil prices sharp…
Gold climbs as weak US NFP sends the US Dollar to a two-week low
Gold (XAU/USD) trades on the front foot on Thursday as the US Dollar (USD) weakens amid rumors of a potential intervention by Tokyo after the Japanese Yen (JPY) hit a 40-year low earlier this week. The Greenback extende…
Defra breached law when it let farmers use bee-killing pesticide, watchdog says
Office for Environmental Protection finds failures by department when it granted emergency authorisation in 2023 and 2024
Forex Today: US Dollar weakens after softer US jobs data
The US Dollar Index (DXY) came under pressure near the 100.90 level after the latest United States (US) employment report showed a clear slowdown in hiring. Nonfarm Payrolls rose by only 57,000 in June, while May’s gain…
World Cup boom falters as US hospitality jobs fall in June
A World Cup jobs boom in the US has failed to materialise, with employment in restaurants, bars and hotels falling in June.
Indonesia: Stabilising FX and bonds as oil eases – DBS
DBS Group Research economist Radhika Rao notes that Indonesia’s onshore FX and bond markets have stabilised following a correction in global Oil prices, though gains are modest. She highlights USD/IDR’s move below 18000…
Conflicts of interest? Trump only has one interest: himself | Robert Reich
The president made $2.2bn last year, with plenty of help from his own political decisions. This is called corruption, folks
Tesla sales surpass expectations for second quarter as Musk backlash seems to cool
Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declines
FCA ordered to partly suspend car finance compensation scheme
Court orders financial watchdog to halt parts of £9.1bn scheme until challenges are heard, delaying payouts
Germany: Reform drive supports growth narrative – ING
ING’s Carsten Brzeski analyses a new German government reform package focused on cutting red tape, increasing labour market flexibility, and capping healthcare and pension costs to restore competitiveness. He notes that…