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Sterling came under renewed pressure at the start of European session, triggered by a deeper-than-expected contraction in UK GDP for April. Services sector, the economy’s dominant component, posted its first monthly decline since October. Nine Read more…
The relief that the US and China may have reached some kind of agreement that could relax Chinese exports of rare earth metals to the US—in exchange for allowing more Chinese students to study at Read more…
In focus today This afternoon, US May PPI will provide markets with further sense of tariff-driven cost pressures. Yesterday’s lower-than-expected CPI report showed that firms have remained cautious with passing through the rising costs. Read Read more…