27/06/2017

Press Review

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07:30 GMT, Tuesday, June 27, 2017

►►► Economy

The Guardian ► Consumer confidence collapsed after general election, YouGov finds Consumer confidence slumped in the 12 days after the general election to its lowest level since the aftermath of last year’s Brexit vote, as households were unnerved by the impact of a hung parliament. Bloomberg ► Draghi Defends ECB Stimulus Saying Jobs Matter Most for Equality Mario Draghi took his defense of his stimulus measures to students in Portugal, where he argued that young people will benefit from the revival of euro-area growth.

►►► Politics Reuters ► Russia sanctions bill remains stalled in U.S. Congress U.S. lawmakers said on Monday they did not know when legislation to impose new sanctions on Russia might come up for a vote in the House of Representatives, and the White House said it had concerns about the measure. Deutsche Welle ► US President Donald Trump, PM Narendra Modi praise India-US relations Trade and defense topped the agenda as US President Donald Trump and Indian Prime Minister Narendra Modi met for the first time. The two leaders appeared to have a good working relationship.

►►► Opinions Dan DePetris ► Trump should go easy on North Korea over Warmbier death Otto Warmbier was the quintessential American college student. He faced a promising future and was keen to broaden his view of the world. Noah Smith ► Why Americans Feel So Good About a Mediocre Economy A strange thing seems to be happening to the U.S. economy. On surveys, businesspeople and consumers say the future looks bright. But recent economic activity hasn't appeared very robust.

►►► Currencies FX Street ► EUR/USD looks to regain 1.1200 ahead of Draghi, Yellen Having found some support near 1.1175 region, the EUR/USD pair has embarked upon a minor-recovery mode, as the bulls look to regain 1.12 handle ahead of key central bankers’ speeches. Pound Sterling Live ► British Pound Finds Little Traction on May's DUP Deal, seen 3% Undervalued Against the Dollar & Euro While we saw how important talk from Bank of England decision-makers was in the previous week, it is still politics that ultimately matter for the British Pound this week.

►►► Markets Reuters ► Oil up for fourth day on short-covering, supply glut caps gains Crude oil futures rose for a fourth consecutive session on Tuesday as investors covered short positions, though worries over a festering supply glut kept a lid on prices. The Economic Times ► Why gold is not a good investment Buying gold is the oldest kind of investing activity and the one about which opinions are most polarised. There’s the traditional Indian view of gold—it is an excellent passive investment, protection in bad times and households should invest in it.

►►► Top Videos

CNBC ► That rally in US markets? It may be coming to an end U.S. markets have soared despite the anti-free trade rhetoric adopted by the government, but that could be coming to an end, says Robert Horrocks, Matthews Asia. Bloomberg ► Royal DSM CEO Says China Benefitted From Globalization Royal DSM CEO Feike Sijbesma discusses his outlook for the Chinese economy, trade and globalization, and the company's performance.

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