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Equities: Oil shock and ECB hawkishness keep selloff contained – Danske Bank
Danske Research Team notes that global equities fell around 0.5% despite a hawkish European Central Bank message and sharp yield curve moves.
ECB’s Nagel: Too early to speculate on rate hikes
The European Central Bank (ECB) Governing Council member Joachim Nagel said on Friday that its’ too early to speculate on rate hikes.
Brent: Supply risks and Saudi cuts support prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Brent and WTI have rallied sharply as Middle East tensions escalate and Saudi Arabia reports a steep drop in output.
Euro retreats from weekly highs against British Pound as UK data beats expectations
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June.
Euro: Downside risks while 1.1585 holds against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term.
British Pound jumps after strong UK monthly GDP data
The British Pound (GBP) attracts significant bids against its peers, with the GBP/USD pair rising to near 1.3518, as the United Kingdom (UK) Office for National Statistics (ONS) has reported strong monthly Gross Domestic Product (GDP) data for July. Th
WTI slumps below $99.00 on profit-taking, US-Iran tensions in focus
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $98.50 during the early European trading hours on Friday. WTI tumbles as traders take some profits amid technical overbought conditions and US crude inventories fall less than expected.Â
United Kingdom Total Trade Balance: £-3.45B (July) vs £-5.537B
United Kingdom Total Trade Balance: £-3.45B (July) vs £-5.537B
United Kingdom GDP grows by 0.4% MoM in July, vs. 0% expected
The UK Gross Domestic Product (GDP) grew by 0.4% MoM in July, following a 0.3% growth reported in June, the latest data published by the Office for National Statistics (ONS) showed on Friday.
United Kingdom Index of Services (3M/3M) came in at 0.6%, above expectations (0.5%) in July
United Kingdom Index of Services (3M/3M) came in at 0.6%, above expectations (0.5%) in July
United Kingdom Trade Balance; non-EU climbed from previous £-10.448B to £-9.663B in July
United Kingdom Trade Balance; non-EU climbed from previous £-10.448B to £-9.663B in July
United Kingdom Goods Trade Balance registered at £-20.965B above expectations (£-22.3B) in July
United Kingdom Goods Trade Balance registered at £-20.965B above expectations (£-22.3B) in July
United Kingdom Manufacturing Production (YoY) above expectations (2%) in July: Actual (2.6%)
United Kingdom Manufacturing Production (YoY) above expectations (2%) in July: Actual (2.6%)