23/05/2017

Press Review

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15:30 GMT, Tuesday, May 23, 2017

►►► Economy

Reuters ► Euro zone business activity remained buoyant in May: PMI Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's economic momentum is sustainable at least for now, a survey showed. 4-traders ► UK retail sales growth fades away in May, outlook darkens - CBI British retail sales growth faded away this month after an April surge, as worries about the outlook among major chains increased at the fastest rate since 2012, a survey showed on Tuesday.

►►► Politics Business Insider ► Theresa May condemns 'callous terrorist attack' that killed 22 people in Manchester Prime Minister Theresa May has condemned the "callous terrorist attack" at the Manchester Arena following a meeting of the government's emergency Cobra committee. Deutsche Welle ► Trump pledges peace push in meeting with Abbas US President Donald Trump has met with the Palestinian Authorities top official, Mahmoud Abbas, in Bethlehem. Both leaders condemned the terror attack in Manchester and spoke of the stalled Middle East peace process.

►►► Opinions Leonid Bershidsky ► Merkel's Weak-Euro Complaint Has Two Goals A political boost at home now, maybe a German atop the European Central Bank later. Ole Hansen ► Gold still needs helping hand from weaker USD — #SaxoStrats Gold is once again testing the higher end of its current $20-wide range. This comes following the terror attack in Manchester yesterday which together with the recent political turmoil in Washington is providing support.

►►► Currencies FX Street ► Fresh Highs Hit As Euro Express Rolls On The euro hit fresh yearly highs in morning European dealing today after better than expected PMI and IFO data fueled another round of buying in the currency. Pound Sterling Live ► Euro to Pound Exchange Rate a Buy: Deutsche Bank Strategists Only yesterday were Pound Sterling Live were able to report that Credit Agricole were looking to profit on an expected rise in EUR/GBP, and we can now confirm that Deutsche Bank have come to a similar conclusion building on the theme that anticipates near-term weakness in the Pound.

►►► Markets Market Watch ► European stocks rise as eurozone economic activity hovers at 6-year high European stocks rose Tuesday, with French shares among biggest advancers as eurozone economic activity remained at a six-year high. CNBC ► Weak yields prod dollar towards 6-1/2 month low The dollar dipped against the basket of currencies that measures its broader strength on Tuesday, low 10-year U.S.

►►► Top Videos CNBC ► White House to unveil 2018 budget CNBC's Ylan Mui provides some of the major details in the 2018 federal budget. Bloomberg ► Single Resolution Says EU Shouldn't Be Bailing Out Banks Single Resolution Chair Elke Koenig discusses her outlook for European banks. She speaks on "Bloomberg Markets."

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