06/07/2017

Press Review

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07:30 GMT, Thursday, July 06, 2017

►►► Economy

MarketWatch ► Hopes of ‘Trump Bump’ for U.S. Economy Shrink as Growth Forecasts Fade The promise of faster economic growth has become a study in the triumph of hope over experience. 4-traders ► U.S. cars a tough sell in South Korea even as Trump targets trade deal U.S. auto imports from the likes of General Motors and Ford Motor must become more chic, affordable or fuel-efficient to reap the rewards of President Donald Trump's attempts to renegotiate a trade deal with key ally South Korea, officials and industry experts in Seoul say.

►►► Politics Business Insider ► The EU's chief Brexit negotiator says 'frictionless trade' is 'not possible' after Britain leaves The European Union's chief Brexit negotiator Michel Barnier has cautioned the UK that "frictionless trade" is "not possible" following Brexit. Associated Press ► Trump says Russia likely hacked but nobody ’knows for sure’ On the eve of his first meeting with Russian President Vladimir Putin, President Donald Trump questioned the veracity of American intelligence about foreign meddling in the U.S. election, arguing Thursday that Russia wasn't the only country that may have interfered.

►►► Opinions John J Hardy ► Pressure on USDRUB to the upside in current environment The Russian rouble could be set to weaken further as oil prices remain stuck in a rut and as a further emerging-market unwind may lie ahead, given headwinds from global central banks.. Wu Xiangning ► Globalization without discontents Populism and protectionism are on the rise across the world. Some recent developments in Europe and the election of Donald Trump as US president seem to have added strength to the voices opposed to globalization.

►►► Currencies MarketPulse ► EUR/USD – Euro Remains Subdued, ECB Minutes Next The euro has ticked higher in the Thursday session. Currently, the pair is trading at 1.1350. FXStreet ► GBP/USD: Bulls back in control, looks to regain 1.2950 Having faced rejection once again near 1.2950 in early Europe, theGBP/USD pair eroded almost 25 pips rapidly, before finds fresh bids at the daily pivot to now re-test the mid-point of 1.29 handle.

►►► Markets Reuters ► Oil rises after U.S. inventory drop but outlook remains gloomy] Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of U.S. demand halted the previous day's steep slide... Investing ► Gold ticks up as investors puzzle over Fed minutes; U.S. data ahead Gold prices ticked higher in European trade on Thursday, but stayed within sight of the prior session's eight-week low as investors digested the latest minutes from the Federal Reserve while awaiting fresh U.S. economic reports.

►►► Top Videos

Bloomberg ► Cormann Calls on China to Use Leverage Over N. Korea Australian Finance Minister Mathias Cormann discusses the economic outlook for the country and his thoughts on rising tensions with North Korea. CNBC ► Trump: Working to counter Russia's destabilizing behavior CNBC's Eamon Javers reports the latest from President Trump's trip to Poland ahead of the G-20 summit.

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