03/05/2017

Press Review

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07:30 GMT, Wednesday, May 03, 2017

►►► Economy

China Daily ► Weakening manufacturing expansion signals future headwinds Manufacturing activity in China continued to expand in April, although at the slowest pace since last September, after a private survey released Tuesday revealed that an index for the sector fell for the second month. Business Recorder ► IMF says still need ‘credible’ debt relief for Greece Despite an agreement reached Tuesday on a reform package, Europe still needs to provide "credible" debt relief to Greece before the International Monetary Fund can provide more financing, an IMF official said.

►►► Politics Xinhua ► Ireland says to explore EU measures to help minimize Brexit impact Ireland on Tuesday published its strategy for the Brexit negotiations, saying that it will explore European Union (EU) measures to help minimize Brexit impact. Reuters ► U.S., China talk firmer U.N. response to North Korea's missiles: diplomats The United States is negotiating with China on a possible stronger U.N. Security Council response - such as sanctions - to North Korea's repeated ballistic missile launches, which the 15-member body normally condemns in a statement, diplomats said.

►►► Opinions James Picerno ► Eurozone Q1 GDP on track to rise 0.5% The first estimate of Q1 GDP for the Eurozone will dominate today’s economic news in Europe. Later, two US numbers will be widely read for deciding if last week’s disappointing Q1 GDP report is a sign of things to come. Callum Thomas ► April PMIs Signal Wobbles In Global Growth While manufacturing PMIs are a notoriously volatile series month-to-month, they give us the most timely and relatively high frequency insights into the global and regional macroeconomic backdrop.

►►► Currencies FXStreet ► AUD/USD slammed below 0.75 mark Having faced rejection at the very important 200-day SMA on Tuesday, the AUD/USD pair came under some fresh selling pressure and snapped three consecutive days of winning streak. Business Recorder ► NZ Dollar Rises As New Zealand Unemployment Rate Drops The New Zealand dollar strengthened against the other major currencies in the Asian session on Wednesday, after data showed that the jobless rate in New Zealand fell more-than expected in the first quarter of 2017.

►►► Markets The Business Times ► Gold trades near three-week low on higher risk appetite as US Fed meets Gold prices on Wednesday were near a three-week low hit in the previous session as investors sought higher returns from riskier assets and the dollar firmed as markets waited for cues that the United States may raise interest rates. Market Watch ► Oil bounces back after upbeat U.S. supply data Oil prices rebounded on Wednesday, partially reversing further declines overnight, as an industry-group reading showed a sizable decline for last week in U.S. oil and gasoline stockpiles.

►►► Top Videos

CNBC ► Things are brighter than they seem in the U.S. Jassim Al Seddiqi, CEO of Abu Dhabi Financial Group, shares his thoughts about opportunities in the U.S., Europe and the Middle East. Bloomberg ► Swissquote's Rosenstreich Sees Less Fed Rate Hikes Swissquote Head of Market Strategy Peter Rosenstreich weighs in on Fed policy and talks about the U.S. economy.

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