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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M&A slowdown crosses the Atlantic ahead of US Presidential Election

September 27, 2016

Corporate dealmaking across the pond is slowing ahead of the US Presidential Election, fresh research has shown. The number of mergers and acquisitions (M&A) taking place in North America has dropped 15 per cent so far this year, according to advisers Willis Towers Watson, while Europe is on course to set a post-crisis high in [...]
Analysts fear Deutsche Bank could become Europe’s Lehman Brothers

September 27, 2016

The misery for Deutsche Bank continued this morning as shares continued to slide to fresh record lows. The German lender has seen its share price lose 30 per cent in the last three weeks and was hit by a new round of selling this morning, as shares dropped 3.3 per cent to €10.20 (£8.86). The latest slide [...]
Global trade growing at slowest pace since financial crisis

September 27, 2016

Trade is growing at its slowest pace since the financial crisis amid crumbling commodity prices and a globalisation backlash, the World Trade Organisation (WTO) has said. The body which sets the standards for global trade said the total value of exports and imports will rise by just 1.7 per cent this year, a massive reduction from its [...]
US Presidential Election 2016: How did financial markets react to the first debate between Hillary Clinton and Donald Trump?

September 27, 2016

Financial markets have decided Democrat Hillary Clinton came out on top in the first US presidential debate last night, as stock markets rallied and key currencies soared. In a pattern which should sound familiar to UK market-watchers over the last few months, markets have started to move back-and-forth in response to developments on the campaign trail. [...]
Taking stock: 12 charts showing the first three months of Brexit in the financial markets

September 23, 2016

Three months ago today, the UK voted to leave the European Union. Against the judgement of most experts, our own Prime Minister, the President of the United States, think tanks and international institutions that were warning of economic calamity, the Brits decided to quit. The financial markets went into turmoil. The pound collapsed, the FTSE 100 [...]
Boris Johnson’s Article 50 comments send sterling sliding

September 23, 2016

Sterling has drifted against the euro and the dollar today, as currency analysts blamed foreign secretary Boris Johnson for spilling the beans on the government's latest Brexit plans. The pound was down 0.9 per cent against the US dollar at $1.2961 at lunchtime, below the crucial $1.30 mark which the currency has settled around in recent weeks. [...]
Treasury minister Jim O’Neill quits amid China and Northern Powerhouse spat

September 23, 2016

Lord Jim O'Neill has resigned as a minister in Philip Hammond's Treasury team amid speculation of differences of opinion with Prime Minister Theresa May. O'Neill, a former Goldman Sachs economist who is known for coining the term BRICS (the acronym for the emerging economies of Brazil, Russia, India, China and South Africa), first cited problems with Prime [...]
Eurozone growth hits slowest pace since 2014

September 23, 2016

Economic growth in the Eurozone is crawling along at its slowest pace since the end of 2014, a leading economic indicator has shown. The closely-watched purchasing managers' index (PMI) for activity across the 19-member bloc has dipped to its lowest level in 20 months, raising yet more concerns about sluggish growth on the continent. On an index [...]
France set to bounce back from second quarter economic contraction

September 23, 2016

The French economy contracted in the second quarter of the year, new figures have revealed, though a strong bounceback should help the economy avoid a recession. The size of the economy shrunk 0.1 per cent between April and June, French stats body Insee declared this morning. That was worse than earlier estimates, which suggested the economy flat-lined [...]
Wells Fargo CEO quits role as adviser to Federal Reserve

September 23, 2016

The head of Wells Fargo has stepped down from his role as an adviser to the US Federal Reserve amid the ongoing scandal over its creation of unauthorised bank accounts. Chief executive John Stumpf resigned his position on the advisory council of the San Francisco Fed, which consists of banking chiefs and is designed to guide policymakers, [...]

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By: Jake Cordell

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