Britain Should Pay into EU Budget Until 2020

Britain should keep contributing to the European Union’s seven-year budget until the end of the budgetary period in 2020, even though it could leave the EU in 2019, Poland’s deputy foreign minister said. Konrad Szymanski spoke a day after he met the European Commission’s main Brexit negotiator, Michel Barnier, and the head of the EU’s […]

Anti-Government Protesters Call For Military Coup

Demonstrators calling for a military coup occupied Brazil’s lower house of Congress on Wednesday, during a day of protests that saw public servants in Rio de Janeiro clash with police during an anti-austerity protest. By early evening, the protesters in Congress, numbering about 60 in total, had been disbanded and arrested by federal police, roughly […]

French PM Says Europe at Risk of Collapse

The European Union is in danger of breaking apart unless France and Germany, in particular, work harder to stimulate growth and employment and heed citizens’ concerns, French Prime Minister Manuel Valls said in the German capital on Thursday. Valls said the two countries, for decades the axis around which the EU revolved, had to help […]

December Decision for ECB

European Central Bank rate setters meeting last month agreed on the need to maintain unprecedented monetary stimulus and to decide in December whether to extend the ECB’s 1.74 trillion euro asset buys, minutes of the meeting showed on Thursday. Core inflation still lacks a convincing upward trend and wage growth has been unexpectedly subdued, but […]

No Role for Renzi if Referendum Fails

Italian Prime Minister Matteo Renzi said on Thursday he would not take any part in efforts to form a temporary or technocratic government if he loses next month’s referendum on constitutional reform. Renzi has promised to resign if he loses the vote, and with the majority of polls pointing to that outcome, attention has focused […]

Yellen Testimony and Inflation Data Eyed

Financial markets may have all but priced in a rate hike from the Federal Reserve in December but Donald Trump’s election victory has slightly altered the conversation among traders from the timing of the next move to the pace of tightening going forward. Ambitious spending plans from the President-elect has posed a problem for the […]

Annual UK Retail Sales Growth Highest in More Than 14 Years

British retail sales surged in October, as colder weather boosted clothing sales and supermarkets cashed in from Halloween, lifting annual sales growth to its highest in more than 14 years. Thursday’s official data reinforce the robust picture of health given by British consumers since June’s vote to leave the European Union, even if the one-off […]

Data and Fed Speakers Keep US in Focus

We’re finally seeing a cooling in the post-US election moves in early trade on Tuesday which is offering some reprieve for emerging market currencies, as well as Gold and other safe haven assets that have come under considerable pressure since last Wednesday. The US dollar has been a particular favourite since the election, with inflation […]

US Yields near 2016 Highs as EMs Suffer

Risk appetite remains strong at the start of the new week, aided by a softening in tone of some of the more controversial campaign promises as Donald Trump, the candidate, continues to morph into Donald trump, President elect. It’s still to be seen what Trump is going to prioritize once he gets into the White […]