An accredited financial and economic news service, specialising in up-to-the-second broadcast reports and headlines

news

LONDON HOME
Hide

our products

<p>up to the second audio news feed</p>

up to the second audio news feed

<p>live press conference feed</p>

live press conference feed

<p>fixed income wire service</p>

fixed income wire service

<p>see what makes the markets move</p>

see what makes the markets move

RT @realDonaldTrump: ...unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (… (2hrs ) like | retweet
Fed’s Clarida: US Econ. Growth In 2020 Seen At Or Above Trend Growth (3hrs ) like | retweet
Fed’s Clarida: Business Contacts Say Trade Uncertainty Is Affecting Business Investment (4hrs ) like | retweet
Fed’s Clarida: Tsy Yields Driven Down By Global Issues - Fed Is Focused On Its Congressional Mandate (4hrs ) like | retweet
Fed’s Clarida: Decisions Are Taken At One Meeting At A Time - US Econ. Data Since July Has Come In Pretty Well - No… https://t.co/1oZlzVe4yz (4hrs ) like | retweet
ANSA Reporting Comments From Italy’s PD Party; Says New Govt Needs Discontinuity (4hrs ) like | retweet
Fed’s Clarida: Significant Risks To Economic Outlook - Economy Is In A Good Place, Consumers Are Strong (4hrs ) like | retweet
Fed’s Clarida: Since July FOMC, Global Outlook Has Worsened - CNBC (4hrs ) like | retweet
RT @ForexLive: CFTC commitment of traders: Little changes in speculative positions this week https://t.co/eE3munVEYN (4hrs ) like | retweet
ANSA Reporting Italy’s Di Maio, Pd Party Are Discussing A Possible New Mandate For Former PM Conte (4hrs ) like | retweet
today’s featured stories
German Ifo Aug Business Climate - Preview
German business confidence is expected to continue its downward trajectory after dropping to the lowest level in more than five years in July, when the outlook for the upcoming six months was the worst in a decade. Ifo said in July that the confidence indicator for the manufacturing sector was...
Read More

German business confidence is expected to continue its downward trajectory after dropping to the lowest level in more than five years in July, when the outlook for the upcoming six months was the worst in a decade.

 

Ifo said in July that the confidence indicator for the manufacturing sector was “in freefall”.

 

This month’s polling period follows the announcement less than a fortnight ago that German GDP contracted by 0.1pct in the second quarter, and with optimism about German growth on the wane, this month business leaders are likely to yet again express increased concern about their prospects, according to economists.

 

The spectre of a hard Brexit and the ongoing Sino-US trade war are also weighing on the minds of German executives. (LiveSquawk – Continue Reading)

Italy Elections Look Likely As Experts Cast Doubt On A New Left-Wing Alliance
Italy’s anti-establishment Five Star Movement (M5S) has issued a long wish list of requirements for any new government coalition during talks with President Sergio Mattarella, after the center-left Democratic Party (PD) extended its own set of demands for any tie-up with the populist group it...
Read More

Italy’s anti-establishment Five Star Movement (M5S) has issued a long wish list of requirements for any new government coalition during talks with President Sergio Mattarella, after the center-left Democratic Party (PD) extended its own set of demands for any tie-up with the populist group it has criticized and bitterly opposed for the best part of a decade.

 

Prime Minister Giuseppe Conte resigned earlier this week as a fragile coalition between the anti-immigration Lega party and the M5S finally cracked. The country’s future is now in the hands of Mattarella who is holding consultations to see whether any parties can form a majority — with an M5S-PD pact looking the most likely at this stage.

 

The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament’s lower house, the Chamber of Deputies, but would rely on a handful of sympathetic but unaligned senators if it were to win votes in the upper legislative chamber. (CNBC - Continue Reading)

Jerome Powell Faces His Biggest Test Yet In High-Profile Speech
Federal Reserve Chairman Jerome Powell will face his most serious test in the job yet when he speaks Friday at the annual economic powwow in Jackson Hole, Wyoming. He is facing tremendous political pressure from President Donald Trump, and expectations from many investors, to deliver more rate...
Read More

Federal Reserve Chairman Jerome Powell will face his most serious test in the job yet when he speaks Friday at the annual economic powwow in Jackson Hole, Wyoming. He is facing tremendous political pressure from President Donald Trump, and expectations from many investors, to deliver more rate cuts.

 

Powell will need to assure markets — which appear to have already assumed another rate cut will come in September — that the Fed will do whatever it can to support the economy amid growing fears of a US slowdown. At the same time, he can't overpromise and risk further turmoil.

 

"He has to be careful," said Nathan Sheets, chief economist at PGIM Fixed Income and a former Treasury Department official in the Obama administration. "On one hand, he's has to say, 'If things go bad, we'll be there.' On the other hand, he can't promise more than he can deliver right now." (CNN - Continue Reading)

Stumbling Global Economies Fan Recession Fears
Manufacturing activity is falling in most of the world’s advanced economies, another sign that a deepening global slowdown is weighing on the U.S. expansion. An index of factory activity in August declined in the U.S., Japan, Germany and the eurozone, IHS Markit said Thursday. The U.S.
Read More

Manufacturing activity is falling in most of the world’s advanced economies, another sign that a deepening global slowdown is weighing on the U.S. expansion.

 

An index of factory activity in August declined in the U.S., Japan, Germany and the eurozone, IHS Markit said Thursday. The U.S. decline marked the first manufacturing contraction there since September 2009, according to the firm’s surveys of purchasing managers. The gauges fell in Italy and the U.K. in July, the firm said recently.

 

The IHS manufacturing indexes are imprecise because they are based on surveys and combine figures including product sales, inventory levels and commodity prices to come up with an index of factory “activity,” designed to broadly assess the sector’s health. (WSJ -Continue Reading)

US Refiners Limit Crude Processing Amid Slack Fuel Demand: Kemp
 U.S. refineries have cut the volume of crude processed so far this year, but stocks of gasoline and distillates remain ample, highlighting the slack demand for transportation fuels. Fuel consumption has stalled, part of a worldwide slowdown in oil demand associated with the slackening of...
Read More

 U.S. refineries have cut the volume of crude processed so far this year, but stocks of gasoline and distillates remain ample, highlighting the slack demand for transportation fuels.

 

Fuel consumption has stalled, part of a worldwide slowdown in oil demand associated with the slackening of manufacturing and freight activity.

(RTRS-Continue Reading)

Our audience spans the globe, relying on us to filter out the noise to deliver accurate, reliable and timely news

Our journalists and analysts monitor all major newswires, television channels, news websites, blogs and social media platforms for content with market-moving potential. We only broadcast the most relevant news headlines that you need to know. Our analysis and insights rival any of our competitors

We broadcast 24 hours a day from Europe and Asia, Sunday through Friday (except for selected UK holidays). Commentary covers all the main asset classes, including equities, fixed income, FX and commodities