By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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About turn: Deutsche Bank shares leap in New York as rumours of a DoJ settlement swirl

September 30, 2016

New York-listed shares in Deutsche Bank have jumped on reports the giant bank could be about to agree a $5.4bn (£4.2bn) settlement with US regulators after a dramatic day of trading on European markets. Shares jumped 14 per cent in lunchtime trading in the US, as rumours circulated suggesting it will pay significantly less than the [...]
Rosetta spacecraft makes successful crash landing

September 30, 2016

The Rosetta probe, sent into space to collect data about a comet, has completed its 12-year mission with a crash-landing. The European Space Agency (ESA) launched the spacecraft in 2004 and sent it to explore the features of the catchily-titled Comet 67P. After collecting reams of data and sending its sister landing probe, Philae, down to [...]
The UK’s mammoth current account deficit hasn’t disappeared

September 30, 2016

Fears over the UK's massive current account deficit have resurfaced today as the extent of the UK's most recent balance of payments shortfall has been revealed. The Office for National Statistics (ONS) said the current account deficit, which measures the difference between the amount of money coming in and going out of the country, was £28.7bn in [...]
Eurozone prices rise at fastest pace in two years

September 30, 2016

The slow-and-steady march of higher prices across the Eurozone took another step forward today, as inflation climbed to its highest level in more than two years. Prices across the 19-member single currency area rose by 0.4 per cent in the year to September, according a flash estimate produced by Eurostat. That was up from 0.2 [...]
UK GDP growth revised up to 0.7 per cent before EU referendum

September 30, 2016

The UK economy grew by 0.7 per cent in the three months to the end of June, the Office for National Statistics (ONS) confirmed this morning as it revised up its previous estimates. The ONS initially thought the UK grew by 0.6 per cent in the run up the the referendum, though it now estimates [...]
Deutsche Bank hammers European bank stocks and FTSE 100

September 30, 2016

UK markets have fallen in early morning trading with eyes across Europe glued to Deutsche Bank as its shares set fresh record lows amid ongoing speculation about the lender's financial health. Deutsche Bank collapsed by more than nine per cent in Frankfurt this morning after key partners took fright and started to cut back their exposure to [...]
Deutsche Bank shares plunge to new record low in fresh morning turmoil

September 30, 2016

Deutsche Bank shares have crashed another eight per cent this morning as the German stock markets opened for trading. The lender was plunged into fresh turmoil last night as a string of key clients said they were cutting back on the amount of assets they store with the lender, raising fears some in the market [...]
National living wage fears grow ahead of Autumn Statement as two-thirds of affected firms will hike prices

September 30, 2016

Employers have warned they will be forced to raise prices, freeze hiring or cut hours if the government pushes ahead with plans for a £9 an hour national living wage (NLW) by 2020. A new survey from the British Chambers of Commerce (BCC) found one-third of business had been affected by the new £7.20 minimum [...]
The UK’s investment industry has more assets than France, Germany and Italy combined

September 29, 2016

London’s position as Europe’s premier financial hub was laid bare again today with the latest statistics on the UK’s dominant fund management industry. The Investment Association (IA), which represents investment firms based in the UK, found there are more assets under management (AUM) in the UK than France, Germany and Italy combined, and nearly 100,000 jobs [...]
Consumer confidence hits pre-referendum levels, but could inflation knock the UK economy off course?

September 29, 2016

Brits are feeling just as optimistic about the state of the UK economy as they were before the referendum, a leading indicator has revealed. GfK’s consumer confidence barometer, out today, has bounced back to levels last seen in May and June, before the UK’s historic vote to leave the EU sent the index crashing at [...]

The UK’s risk aversion culture is holding back investment

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The Whisky Exchange’s top Cognac picks ahead of the annual Cognac Show

By: Jake Cordell

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