29/05/2017

Press Review

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07:30 GMT, Monday, May 29, 2017

►►► Economy

The Guardian ► Brighter skies over eurozone as growth and employment pick up What a difference a few months make. As 2017 opened, eurozone politicians still raw from the shock of the Brexit vote and Donald Trump’s presidential triumph were nervously awaiting elections in the Netherlands and France. Bloomberg ► China's Industrial Profits Rise 14% as Global Trade Improves Chinese industrial profits rose 14 percent in April from a year earlier as global trade increased. Industrial profits climbed to 572.8 billion yuan ($83.6 billion) last month, the National Bureau of Statistics said Saturday.

►►► Politics Deutsche Welle ► Merkel: Europe can no longer rely on US and Britain The German chancellor's comments came after contentious meetings with US President Donald Trump at NATO and G7 summit meetings. Trump clashed with America's allies over global warming, mutual defense and trade. France 24 ► France’s Macron vows ‘demanding’ talks with Putin at Versailles New French president Emmanuel Macron is promising tough talk at his first meeting with Vladimir Putin on Monday, following an election campaign when his team accused Russian media of trying to interfere in the democratic process.

►►► Opinions Bloomberg Editorial Board ► Trans-Pacific Partnership Can Succeed Without the U.S. The U.S. signed the Trans-Pacific Partnership trade deal last year, then decided not to implement it. The 11 other signatories have given themselves until November to decide whether to go ahead anyway. Peter Apps ► Europe's rising tide of attacks show diminishing political effect It shouldn’t be a surprise that Islamic State was quick to claim responsibility for Monday’s suicide attack in Manchester that killed 22 people. As its last territory in Iraq’s second city of Mosul falls to U.S.-backed Iraqi forces and its Syrian capital Raqqa is encircled, the group is desperate for legitimacy.

►►► Currencies FXStreet ► EUR/USD set to break key support near 1.1160 ahead of Draghi? The EUR/USD pair extends its bearish consolidative mode in early Europe, with the bears now looking to accelerate the downside below a break of the key support near 1.1160. Pound Sterling Live ► Pound to Euro: Forecast For Next Five Days At the start of the new trading week, the consensus is that both the Pound and the Euro are susceptible to trading more softly over the next five days.

►►► Markets The Economic Times ► Gold flat in early trade; silver rises Gold was trading on a flat note with negative bias on Monday on account of muted demand for precious metals by jewellers, investors and retailers. Reuters ► Oil falls as U.S. drilling undermines drive to tighten markets Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays in China, the United States and Britain.

►►► Top Videos

CNBC ► The British pound still has room to strengthen in the long run: UBS Fair value of Cable is $1.60 and current trading levels present an opportunity to take on some exposure, says Dominic Schnider of UBS Wealth Management. Bloomberg ► Swissquote Says Draghi Has to Be Dovish Today Peter Rosenstreich, head of market strategy at Swissquote, discusses Mario Draghi's meeting in front of parliament, his call on a short euro position, the timing of the next Fed rate hike.

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