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.

Markets have the Friday feeling … and that means nothing much is changing

October 21, 2016

Theresa May is half-way through her first official meeting of EU leaders over in Brussels. Across the pond, the ferocious US Presidential Election is approaching with alarming speed, and in Europe, Mario Draghi is intent on keeping the quantitative easing guessing game running for as long as he can. Plenty then, you would think, for [...]
Competition and Markets Authority launches probe into online betting companies’ complex small print

October 21, 2016

Online gambling firms are facing a crackdown from the UK's consumer rights watchdog over fears they may be "conning" their customers with opaque and unfair terms and conditions. The Competition and Markets Authority (CMA) has today launched an investigation into the £4bn a year industry after complaints were raised by the official regulatory body, the Gambling [...]
Middle East bond market on for record-breaking year after Saudi $17.5bn deal

October 20, 2016

The middle eastern bond market boom has captured the attention of investors around the world, according to one of the leading players behind Saudi Arabia’s record-breaking $17.5bn debt sale. Jean-Marc Mercier, global co-head of debt capital markets at HSBC who met over 300 potential investors as part of the Saudi deal, told City A.M. the [...]
French banks in for a bumpy ride, but they’re still better than the ones in Germany and Italy

October 20, 2016

French banks are weathering the negative interest rate storm better than their Eurozone rivals, thanks to healthier balance sheets and more sustainable business models. France’s three leading banks – Societe Generale, BNP Paribas and Credit Agricole – have outperformed the continent-wide Euro Stoxx banking index over the past year, and even with economic growth set [...]
Rollercoaster ride for euro as Draghi denies bond-buying speculation

October 20, 2016

The euro leapt up and then crept down this afternoon in a mini-frenzy of trading as European Central Bank (ECB) President Mario Draghi failed to provide any clues about the outlook for Eurozone monetary policy. As the ECB held its negative interest rates and quantitative easing (QE) programme unchanged, Draghi said there was no talk of either extending, winding down or [...]
Sterling slips after shoppers scale back in September

October 20, 2016

The pound has started the day nervously after new figures showed consumer spending is starting to slow and attention to turns to central banks in the Eurozone and the US. Sterling was down 0.2 per cent against the euro at €1.1175, and lost a touch of ground against the US dollar to stand at $1.2267. Retail [...]
David Cameron’s top adviser explains why Remain lost the EU referendum

October 20, 2016

Two decades of attacks on the European Union, a convoluted reform process, botched campaigning techniques and a failure to answer basic questions on immigration cost David Cameron the referendum – so says the former Prime Minister's top aide. Daniel Korski, who was deputy director of the highly influential Number 10 policy unit and was one of Cameron's most [...]
Mexican peso jumps then fades as Trump fails to impress in US Presidential Election debate

October 20, 2016

The currency markets have spoken and Hillary Clinton has been declared the winner of last night's US Presidential Election debate. After a feisty exchange which yet again saw the pair fail to shake hands and where name-calling, bickering and allegation-hurling were the order of the day, Republican Donald Trump failed to leave many marks on [...]
Have a free market solution to poverty? Then you could be £50,000 richer

October 20, 2016

A top free market think tank has partnered with one of Britain’s most successful entrepreneurs to launch a nationwide competition in search of ways to reduce poverty. The “Breakthrough Prize” – launched today by The Institute of Economic Affairs and serial investor and multi-millionaire Richard Koch – is on the lookout for a single idea “that [...]
UN highlights £17bn potential of girls’ education

October 20, 2016

Ensuring girls stay in school could boost the developing world economy by $21bn (£17bn) a year according to a new United Nations study. The UN’s Population Fund (UNFPA) called on governments to introduce policies which ensure they do not miss out on the potential economic boost from their rapidly expanding and young populations. UNFPA said young [...]

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