Anthony Devlin / PA Wire/Press Association Images LONDON – Michael Saunders, one of the Bank of England’s most senior policymakers, said that the UK’s unemployment rate could stay below 5% for an extended period, defying warnings that Brexit could push joblessness significantly higher. Speaking at the Resolution Foundation — a major think-tank — on Friday, Saunders said […]

European markets got crushed on Tuesday, with all but one of the continent’s biggest share indexes losing more than 1% on the day, sending bourses to three week lows.  The falls came on a day light on economic data, with the highlight being a better than expected number for the continent’s producer price index. However, a […]

It’s happening again. Chinese stocks sold off overnight as oil dipped back below $ 30 on concerns policymakers are struggling to stop the tide of capital outflows. The benchmark Shanghai composite index dropped 6.42% to hit 13-month lows, while Japan’s Nikkei also fell, declining 2.35%. Here’s Bloomberg (emphasis ours): Outflows jumped in December, with the […]

(22/05/14 19:41:46) LONDON (May 22): Robust expansion in Germany and the euro zone’s private sector helped the euro recover from recent lows on Thursday, although growing expectations that the ECB will ease monetary policy next week kept gains muted. Earlier, better-than-expected Chinese data saw the safe-haven yen lose ground and helped the Australian dollar recover […]

HONG KONG (May 20): China shares lingered at three-week lows on Tuesday, as continued losses in the beverage sector offset most gains from financial and energy counters. The Shanghai Composite Index ended a choppy session up 0.2 percent at 2,008.12 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings finished flat. […]

(Update 3: Thurs 15/05/14 19:15:49) LONDON/TOKYO (May 15): The euro extended losses to 11-week lows against the dollar and the yen on Thursday, after subdued euro zone growth and inflation data bolstered expectations the European Central Bank will ease policy at its meeting next month. The euro lost 0.4 percent to $ 1.36505, its lowest […]