Daily Updates Page 1

Wall Street

US markets rally as Cohn stays and Bannon leaves

Despite fears of further falls after a torrid Thursday, US markets showed resilience on Friday. The Dow Jones and the S&P 500 were slightly down after markets opened (0.20% and 0.22% respectively0 while the Nasdaq was fractionally up.

David Burrows
Photo of gold bars

Gold cracks $1,300 on ‘safe haven’ buying

Currency-of-last-resort gold saw its spot value surge past the $1,300 barrier earlier in the day

Adrian Holliday
Photo of Barcelona attack

Barcelona attack and Trump anxiety hit shares

Trading across Asia weakened overnight following the Barcelona terror assault.

Adrian Holliday
Photo of supermarket interior

UK retail sales pick up in July

The Office of National Statistics claims July retail sales picked up 0.3% compared with June.

Adrian Holliday
US dollar photo

Fed policymakers fret on US inflation

The dollar weakened overnight as US Federal Reserve minutes, released last night, detailed ongoing inflation nervousness

Adrian Holliday
Urban Outfitters

Investors sanguine over latest Fed minutes

It was retail therapy for the US market as stocks such as Target, Urban Outfitters and Gap lead the S&P 500 higher

Claire Hunte
Photo of Janet Yellen

Sterling slips on dollar strength

The pound dipped under $1.29 earlier to $1.2864 (3.55pm) while the euro was down to $1.1714.

Adrian Holliday
Photo of Chinese soldiers

IMF warns on China’s “dangerous trajectory”

China’s credit growth is perilously overheated the International Monetary Fund (IMF) has warned

Adrian Holliday
US retail sales saw its biggest monthly increase since December up 0.6% in July helping to lift the dollar.

Buoyant retail data boosts dollar

US retail sales saw its biggest monthly increase since December 2016 up 0.6% in July signaling a strong economy

Claire Hunte

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