Dollar slips as weak data boosts US rate cut bets

The dollar edged away from two-year highs on Friday after weak U.S. manufacturing activity data sparked worries that the trade conflict with China may hurt the world’s largest economy and affect the currency’s safe-haven status. The fall followed overnight data showing manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in U.S. economic growth was under way. Escalating trade tensions and weak data have fuelled rate cut expectations from the Fed. Mon


The dollar edged away from two-year highs on Friday after weak U.S. manufacturing activity data sparked worries that the trade conflict with China may hurt the world’s largest economy and affect the currency’s safe-haven status. The fall followed overnight data showing manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in U.S. economic growth was under way. Escalating trade tensions and weak data have fuelled rate cut expectations from the Fed. Mon
Dollar slips as weak data boosts US rate cut bets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, slips, rate, twoyear, overnight, cut, yen, trade, dollar, hit, weak, data, boosts, bets, euro


Dollar slips as weak data boosts US rate cut bets

The dollar edged away from two-year highs on Friday after weak U.S. manufacturing activity data sparked worries that the trade conflict with China may hurt the world’s largest economy and affect the currency’s safe-haven status.

Against a basket of six major currencies, the dollar was down 0.2% at 97.686 in early European trade and 0.7% off a two-year high of 98.371 hit the previous session.

The fall followed overnight data showing manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in U.S. economic growth was under way.

Up to now, the bulk of the pain from the trade war has been felt in Asia, with economies from Singapore to Thailand all posting poor numbers.

“Lot of people for good reasons thought trade wars may be U.S. dollar-positive and other countries cannot retaliate,” said Commerzbank FX strategist Ulrich Leuchtmann.

“But in reality, it’s more difficult. This very disappointing PMI data and other factors like the Huawei story are all creating stress for the U.S. economy and derailing sentiment.”

President Donald Trump said on Thursday that U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous”.

Escalating trade tensions and weak data have fuelled rate cut expectations from the Fed. Money markets broadly expect one rate cut by October followed by another by January 2020.

The dollar weakness helped sterling recover slightly from a 4-1/2 month low while the euro briefly inched above $1.12 to hit a one-week high.

Against the yen, the dollar edged down to 109.50 yen, extending losses overnight, when it gave up two-thirds of a percent, its steepest drop in a single session in two months.

The euro might have also been helped by the Dutch part of the EU parliamentary elections, in which an exit poll showed the Labour party of European Commissioner Frans Timmermans won a surprise victory over a Eurosceptic challenger who had been topping opinion surveys.

The euro has been pinned lower in recent weeks by the prospect of Eurosceptic parties across the continent performing well in the elections.


Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, slips, rate, twoyear, overnight, cut, yen, trade, dollar, hit, weak, data, boosts, bets, euro


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Dollar at two-year high, safe havens up on stormy global economy

“Safe havens were the currencies of choice as confidence in global growth faltered,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions. The dollar hit a high of 98.371 against a basket of six major currencies, its highest since May 2017. If it maintains its path, the dollar will be on track for a fourth consecutive month of gains. Compounding these worries, European parliamentary elections began on Thursday with euroskeptic parties expected to do well, raising concer


“Safe havens were the currencies of choice as confidence in global growth faltered,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions. The dollar hit a high of 98.371 against a basket of six major currencies, its highest since May 2017. If it maintains its path, the dollar will be on track for a fourth consecutive month of gains. Compounding these worries, European parliamentary elections began on Thursday with euroskeptic parties expected to do well, raising concer
Dollar at two-year high, safe havens up on stormy global economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-23
Keywords: news, cnbc, companies, stormy, twoyear, single, concerns, high, highest, safe, yen, worries, havens, trade, dollar, economy, having, global, united, euro


Dollar at two-year high, safe havens up on stormy global economy

The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan.

Worries over German manufacturing, the impact of a trade war on Asian economies and deepening concerns over Brexit and European parliamentary elections have broadly curbed risk appetite and sent investors to perceived safe-haven assets.

“Safe havens were the currencies of choice as confidence in global growth faltered,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions. “The greenback and safer rivals from Japan and Switzerland were in the driver’s seat.”

While the United States is not without its own worries – namely trade conflict with China – investors see the greenback as a relative safe haven because of its preeminence in the global economy and the extra cushion of having some of the highest interest rates in the developed world.

The dollar hit a high of 98.371 against a basket of six major currencies, its highest since May 2017. If it maintains its path, the dollar will be on track for a fourth consecutive month of gains.

“Certainly the dollar has been acting like something of a safe haven even though the Fed has been more dovish than has been expected,” said Neil Mellor, FX strategist at BNY Mellon.

Activity in Germany’s services and manufacturing sectors fell in May, a survey showed on Thursday, reflecting the toll that unresolved trade disputes are having on Europe’s largest economy.

While a similar figure for the euro zone as a whole was healthier, it still undershot expectations across the board, hurting the single currency.

The euro dipped to its lowest in a month at $1.111 before recovering slightly to $1.114.

Compounding these worries, European parliamentary elections began on Thursday with euroskeptic parties expected to do well, raising concerns about the single currency’s stability.

The yen also advanced broadly as persistent U.S.-China trade fears and Brexit concerns fanned risk aversion. The yen was 0.57% firmer at 109.71 to the dollar, having pulled back from a two-week low of 110.675 plumbed on Tuesday.

Reports that the United States could impose restrictions on Chinese technology company Hikvision renewed market jitters about trade on Wednesday, reversing a relief rally that followed Washington’s move to temporarily ease curbs against Huawei Technology Co Ltd.

Brexit uncertainty has set sterling up for its 14th straight day of losses against the euro – its longest losing streak in the 20-year history of the single currency.


Company: cnbc, Activity: cnbc, Date: 2019-05-23
Keywords: news, cnbc, companies, stormy, twoyear, single, concerns, high, highest, safe, yen, worries, havens, trade, dollar, economy, having, global, united, euro


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German data fails to lift euro from 1-week low

“The announcement of the increased trade tariffs has generated negative sentiment about global growth and that is exerting downward pressure on the euro despite the German data,” said Nikolay Markov, senior economist at Pictet Asset Management. “We expected the data to be worse than last month, but this is going to increase concerns about the state of the Chinese economy. The market will be very nervous and looking out for the PMI data,” said Commerzbank FX strategist Esther Maria Reichelt. The


“The announcement of the increased trade tariffs has generated negative sentiment about global growth and that is exerting downward pressure on the euro despite the German data,” said Nikolay Markov, senior economist at Pictet Asset Management. “We expected the data to be worse than last month, but this is going to increase concerns about the state of the Chinese economy. The market will be very nervous and looking out for the PMI data,” said Commerzbank FX strategist Esther Maria Reichelt. The
German data fails to lift euro from 1-week low Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15
Keywords: news, cnbc, companies, beijing, german, 1week, aussie, trade, week, growth, low, fails, lift, currency, economy, data, chinese, euro


German data fails to lift euro from 1-week low

The euro held at a one-week low on Wednesday, ignoring data from Germany that showed the economy returned to growth in the first quarter, as trade tensions between the world’s two biggest economies cast a shadow over risk appetite.

The single currency has been caught in the cross-currents of an escalating dispute between Washington and Beijing since last week, unable to conclusively rise above the $1.1250 level.

“The announcement of the increased trade tariffs has generated negative sentiment about global growth and that is exerting downward pressure on the euro despite the German data,” said Nikolay Markov, senior economist at Pictet Asset Management.

U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes of its own on Monday.

The escalation in the trade dispute comes at a time when latest data from Germany showed the economy returned to growth in the March quarter as householders spent more freely and construction activity picked up.

The single currency was broadly steady at $1.1213 – just above a one-week low of $1.1197 hit in the Asian session and more than 3% below a 2019 high of nearly $1.16 in early January.

Germany’s economic figures were a sole bright indicator in an otherwise slate of dismal data.

China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States rumbles on.

“We expected the data to be worse than last month, but this is going to increase concerns about the state of the Chinese economy. The market will be very nervous and looking out for the PMI data,” said Commerzbank FX strategist Esther Maria Reichelt.

The Aussie dollar dropped as low as $0.6922, its lowest level since Jan. 3 when a flash crash in the foreign exchange markets rocked major currencies.

Barring that level, the currency was at its weakest in three years and down 0.2% on the day.

The weak data gave further impetus to Aussie bears to add to their negative bets with net outstanding short positions still below 2019 highs of above $5.2 billion.

The Aussie is often seen as a proxy for Chinese growth because of Australia’s export-reliant economy and China being the country’s main destination for its commodities.

Domestic data added to the woes, with the pace of growth in Australian wages stagnating.

Neighbouring New Zealand saw its currency dip 0.1% to $0.6567.

The Chinese yuan itself was slightly improved on the day at 6.8993 per U.S. dollar, but still close to a five-month low hit on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-05-15
Keywords: news, cnbc, companies, beijing, german, 1week, aussie, trade, week, growth, low, fails, lift, currency, economy, data, chinese, euro


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BMW quarterly profit tumbles 78%, hit by 1.4 billion euro legal provision

BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 billion) legal provision. The European Commission last month told German carmakers they face hefty fines for alleged collusion in the area of emissions filtering technology. Adding to the downbeat tone, the company reiterated that it expects group profit before tax to be well below the


BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 billion) legal provision. The European Commission last month told German carmakers they face hefty fines for alleged collusion in the area of emissions filtering technology. Adding to the downbeat tone, the company reiterated that it expects group profit before tax to be well below the
BMW quarterly profit tumbles 78%, hit by 1.4 billion euro legal provision Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, provision, 78, euros, analyst, euro, billion, tumbles, profit, higher, quarterly, legal, hit, firstquarter, fell, bmw, electric, million, spending


BMW quarterly profit tumbles 78%, hit by 1.4 billion euro legal provision

BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 billion) legal provision.

The European Commission last month told German carmakers they face hefty fines for alleged collusion in the area of emissions filtering technology. BMW denies participating in anti-trust activities and is contesting the allegations.

Adding to the downbeat tone, the company reiterated that it expects group profit before tax to be well below the previous year’s level.

BMW’s first-quarter earnings before interest and taxes were below the 666 million euros forecast in an analyst poll, weighed down by a 36 percent jump in spending on property, plants and equipment to convert its factories to build electric cars.

Analysts said BMW’s results were underwhelming, adding that sales of electric and hybrid cars were not stellar. Shares fell 1 percent after the market opened.

“Business is not doing well at BMW,” NordLB analyst Frank Schwope said. That view was shared by Evercore ISI analyst Arndt Ellinghorst who said: “BMW has entered a period of weakness. The question is, how long will it last?”


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, provision, 78, euros, analyst, euro, billion, tumbles, profit, higher, quarterly, legal, hit, firstquarter, fell, bmw, electric, million, spending


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Euro zone grows 0.4% in first quarter, beating expectations

Flash (preliminary) growth data from the region showed the economy grew 0.4% in the first quarter, up from 0.2% in the fourth quarter of 2018 and up from a 0.1% figure for the third quarter. Earlier Tuesday, Spain posted preliminary data showing a 0.7% expansion in the first quarter, and France posted 0.3% growth. Later, Italy posted 0.2% growth quarter on quarter, beating expectations. On Monday, data released showed that economic sentiment decreased “markedly” in both the euro zone and the wid


Flash (preliminary) growth data from the region showed the economy grew 0.4% in the first quarter, up from 0.2% in the fourth quarter of 2018 and up from a 0.1% figure for the third quarter. Earlier Tuesday, Spain posted preliminary data showing a 0.7% expansion in the first quarter, and France posted 0.3% growth. Later, Italy posted 0.2% growth quarter on quarter, beating expectations. On Monday, data released showed that economic sentiment decreased “markedly” in both the euro zone and the wid
Euro zone grows 0.4% in first quarter, beating expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: holly ellyatt
Keywords: news, cnbc, companies, investors, expectations, 04, growth, 02, data, latest, quarter, zone, posted, euro, grows, preliminary, beating


Euro zone grows 0.4% in first quarter, beating expectations

European investors are focused on the latest growth data from the region due on Tuesday, with investors looking for hints of a further slowdown — or a recovery — following a spate of lackluster figures.

Flash (preliminary) growth data from the region showed the economy grew 0.4% in the first quarter, up from 0.2% in the fourth quarter of 2018 and up from a 0.1% figure for the third quarter.

Most analysts predicted preliminary growth of between 0.2% and 0.4%. Analysts polled by Reuters predicted 0.3%.

Earlier Tuesday, Spain posted preliminary data showing a 0.7% expansion in the first quarter, and France posted 0.3% growth. Later, Italy posted 0.2% growth quarter on quarter, beating expectations.

Eurostat, the bloc’s statistics body, also posted the latest unemployment figures for March, with the jobless rate at 7.7%, down from 7.8% in February.

It’s not an easy time for the euro zone with flat growth in Germany and a short-lived recession in Italy worrying investors. There has been a gloomy raft of data recently ranging from industrial production to weak composite purchasing managers’ indexes (PMIs). The last flash services and manufacturing PMI stood at 51.3 in April, down from 51.6 in March, with the latest reading the third-lowest since November 2014.

IHS Markit, which compiles the PMI data, said new order growth remained close to stagnant, new export orders fell sharply, manufacturing output fell, and employment growth picked up only slightly.

Business expectations were also gloomy with political uncertainty, including Brexit, trade wars and protectionism all weighing on sentiment. IHS expected growth of around 0.2% in the first quarter.

On Monday, data released showed that economic sentiment decreased “markedly” in both the euro zone and the wider EU in April.

It’s not all been bad news, however. Other data released in recent weeks have shown modest growth in construction activity and euro zone retail sales that continue to surpass expectations.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: holly ellyatt
Keywords: news, cnbc, companies, investors, expectations, 04, growth, 02, data, latest, quarter, zone, posted, euro, grows, preliminary, beating


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European markets close mixed as euro zone GDP beats expectations; AMS shares jump 21%

European stocks closed in mixed territory on Tuesday, as investors weighed signs of economic growth in the euro zone against weaker-than-expected Chinese data. The pan-European Stoxx 600 dipped just below the flatline at the closing bell, with sectors and major bourses pointing in opposite directions. Looking at individual stocks, chipmaker AMS surged to the top of the European benchmark during morning trade. Elsewhere, Standard Chartered’s shares rose 4.5% after the bank unveiled plans for a $1


European stocks closed in mixed territory on Tuesday, as investors weighed signs of economic growth in the euro zone against weaker-than-expected Chinese data. The pan-European Stoxx 600 dipped just below the flatline at the closing bell, with sectors and major bourses pointing in opposite directions. Looking at individual stocks, chipmaker AMS surged to the top of the European benchmark during morning trade. Elsewhere, Standard Chartered’s shares rose 4.5% after the bank unveiled plans for a $1
European markets close mixed as euro zone GDP beats expectations; AMS shares jump 21% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, jump, markets, firstquarter, sectors, rose, gdp, stocks, came, mixed, expectations, european, billion, posted, bank, shares, euro, zone, close


European markets close mixed as euro zone GDP beats expectations; AMS shares jump 21%

European stocks closed in mixed territory on Tuesday, as investors weighed signs of economic growth in the euro zone against weaker-than-expected Chinese data.

The pan-European Stoxx 600 dipped just below the flatline at the closing bell, with sectors and major bourses pointing in opposite directions.

Europe’s basic resources stocks — with their heavy exposure to China — led the losses, down 1.5%. Glencore was among the sector’s worst performers, trading almost 3% lower at the end of the session.

Looking at individual stocks, chipmaker AMS surged to the top of the European benchmark during morning trade. It comes after the Apple supplier reported an upbeat outlook for the second quarter, driven by a rising number of Android smartphones using its 3D optical sensors. Shares of the Austrian group jumped 21% on the news.

Meanwhile, Danske Bank tumbled to the bottom of the index, after the embattled lender posted earnings below expectations and slashed its outlook for the remainder of the year. Shares of Denmark’s biggest bank dipped by almost 10%.

British oil giant BP reported earnings largely in line with expectations Tuesday morning. The London-based oil and gas firm said first-quarter underlying replacement cost profit — used as a proxy for net profit — came in at $2.4 billion, versus $2.3 billion expected in a Reuters poll. Shares of BP were 1% higher.

Elsewhere, Standard Chartered’s shares rose 4.5% after the bank unveiled plans for a $1 billion share buyback scheme. The announcement came as the company posted a 10% rise in quarterly profit.

Shares of Airbus were almost 1% lower after the aerospace group posted slightly higher than expected core first-quarter profits.

On the data front, euro zone economic growth came in stronger-than-anticipated over the first three months of the year, while unemployment fell to its lowest level in more than a decade.

Official data from the EU’s statistics office Eurostat said a preliminary estimate of first-quarter GDP (gross domestic product) rose 0.4%, up from 0.2% in the final three months of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
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European markets eke gains after Spain’s Socialists win snap election

European stocks closed a touch higher on Monday, after weak euro zone data exacerbated fears over the outlook for the global economy. The pan-European Stoxx 600 ended .06 percent just above the flatline on Monday with sectors pointing in opposite directions. Official data published Monday showed euro zone economic sentiment slipped for the 10th consecutive month to its lowest level in more than two years in April. The agency is giving more time for Rome’s populist government to implement policie


European stocks closed a touch higher on Monday, after weak euro zone data exacerbated fears over the outlook for the global economy. The pan-European Stoxx 600 ended .06 percent just above the flatline on Monday with sectors pointing in opposite directions. Official data published Monday showed euro zone economic sentiment slipped for the 10th consecutive month to its lowest level in more than two years in April. The agency is giving more time for Rome’s populist government to implement policie
European markets eke gains after Spain’s Socialists win snap election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, socialists, markets, output, snap, global, spains, gains, stocks, slipped, european, fell, eke, shares, election, win, euro, sentiment, zone


European markets eke gains after Spain's Socialists win snap election

European stocks closed a touch higher on Monday, after weak euro zone data exacerbated fears over the outlook for the global economy.

The pan-European Stoxx 600 ended .06 percent just above the flatline on Monday with sectors pointing in opposite directions.

Official data published Monday showed euro zone economic sentiment slipped for the 10th consecutive month to its lowest level in more than two years in April. Sentiment in the bloc fell to 104.0 points in April, down from 105.6 in March, as managers in the industry and retail sector became more downbeat.

Oil and gas stocks struggled, down more than 1% shortlya fter 4p.m. London time. This comes after the oil price continued a slump after President Donald Trump claimed that he demanded OPEC raise output to soften the impact of U.S. sanctions against Iran.

Meanwhile, Europe’s banking index was one of the few sectoral gainers, up around 0.5% after S&P Global affirmed Italy’s credit rating at BBB on Friday. The agency is giving more time for Rome’s populist government to implement policies to address the country’s economic woes. Banco BPM and UBI Banca both finished up around 3.5 % on the news.

Looking at individual stocks, Germany’s Bayer slumped toward the bottom of the European benchmark. On Saturday, the firm’s supervisory board said it stands behind the management after a majority of shareholders refused to ratify management’s actions in 2018. Shares of Bayer slipped over 3.5%.

Sticking with Germany, chemicals maker Covestro said Monday core profit tumbled 58% over the first three months of 2019, with product prices under pressure as rivals bolster their output. Shares of the company fell more than 1.2%.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, socialists, markets, output, snap, global, spains, gains, stocks, slipped, european, fell, eke, shares, election, win, euro, sentiment, zone


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UK scientists aiming to use bionic leaves to tackle air pollution

Imperial College London is to work with a start-up called Arborea to develop innovative new technology that it hopes will boost air quality in the U.K. capital. In an announcement Monday, Imperial said that the BioSolar Leaf technology purified air by using the photosynthesis of microscopic plants. Air pollution is a serious problem globally. According to the World Heal Organization (WHO), 4.2 million people die each year “as a result of exposure” to outdoor air pollution, while 91% of the plane


Imperial College London is to work with a start-up called Arborea to develop innovative new technology that it hopes will boost air quality in the U.K. capital. In an announcement Monday, Imperial said that the BioSolar Leaf technology purified air by using the photosynthesis of microscopic plants. Air pollution is a serious problem globally. According to the World Heal Organization (WHO), 4.2 million people die each year “as a result of exposure” to outdoor air pollution, while 91% of the plane
UK scientists aiming to use bionic leaves to tackle air pollution Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: anmar frangoul
Keywords: news, cnbc, companies, pollution, dioxide, standards, vehicles, ulez, tackle, quality, aiming, system, leaves, bionic, air, scientists, london, euro, uk


UK scientists aiming to use bionic leaves to tackle air pollution

Imperial College London is to work with a start-up called Arborea to develop innovative new technology that it hopes will boost air quality in the U.K. capital.

In an announcement Monday, Imperial said that the BioSolar Leaf technology purified air by using the photosynthesis of microscopic plants.

Photosynthesis is a process through which plants use the energy of the sun to convert water and carbon dioxide into glucose and oxygen.

Arborea’s system enables plant-life like microalgae and phytoplankton to grow on “solar panel-like structures.” These can be installed in the urban environment to improve the quality of air, although they do not themselves generate electricity like a conventional solar panel would.

Imperial will give the company — which was set up by a former student, Julian Melchiorri — funding to develop an outdoor pilot of its cultivation system on its campus in White City — a district in the west of London.

According to the company, one acre of its system can remove carbon dioxide and produce oxygen 100 times more than one acre of forest.

Melchiorri said the company was “excited” about its collaboration with Imperial.

“In our ever-growing modern cities, cooperation between start-ups, academic institutions and governmental bodies is critical to enable and accelerate sustainable innovation that benefits both our society and environment,” he added.

He went on to state that the pilot plant would “produce sustainable healthy food additives while purifying the air, producing oxygen and removing carbon dioxide from the surrounding environment.”

Air pollution is a serious problem globally. According to the World Heal Organization (WHO), 4.2 million people die each year “as a result of exposure” to outdoor air pollution, while 91% of the planet’s population live in areas where the air quality exceeds WHO guideline limits.

Authorities in London are looking to mitigate the impact of air pollution through an Ultra-Low Emission Zone (ULEZ) that operates in central London 24-hours a day, seven days a week.

The ULEZ is built around something called “Euro Standards.” A framework introduced in 1992, the standards encompass emissions controls which set limitations for nitrogen oxides and particulate matter from a vehicle’s engine.

Petrol vehicles that do not meet Euro 4 standards and diesel vehicles that do not meet Euro 6 standards will have to pay a daily £12.50 ($16.14) ULEZ charge in addition to an existing £11.50 Congestion Charge.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: anmar frangoul
Keywords: news, cnbc, companies, pollution, dioxide, standards, vehicles, ulez, tackle, quality, aiming, system, leaves, bionic, air, scientists, london, euro, uk


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The dollar might be breaking out and that could be bad news for stocks

If that’s the case, stock market strategists say it could start to negatively impact stock prices and threaten earnings gains. Chandler said the dollar started its latest leg higher last week after U.S. March retail sales jumped a surprise 1.6%. U.S. GDP data is reported at 8:30 a.m. Friday, and first quarter growth is expected at 2.4%. Chandler said the dollar also reached its high for the year against the euro. “I do think if this dollar rally stays in tact, what we need is divergence,” said C


If that’s the case, stock market strategists say it could start to negatively impact stock prices and threaten earnings gains. Chandler said the dollar started its latest leg higher last week after U.S. March retail sales jumped a surprise 1.6%. U.S. GDP data is reported at 8:30 a.m. Friday, and first quarter growth is expected at 2.4%. Chandler said the dollar also reached its high for the year against the euro. “I do think if this dollar rally stays in tact, what we need is divergence,” said C
The dollar might be breaking out and that could be bad news for stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: patti domm
Keywords: news, cnbc, companies, rally, data, stocks, stock, bad, gdp, euro, chandler, think, breaking, market, strategists, dollar


The dollar might be breaking out and that could be bad news for stocks

The Dollar Index is bucking up against 2-year highs in a run-up that has some strategists wondering if it could be ready to break out.

If that’s the case, stock market strategists say it could start to negatively impact stock prices and threaten earnings gains.

“The market is wrestling with whether this is the real breakout or not. We’ve had quite a day today ahead of the big [GDP] number tomorrow,” said Marc Chandler, chief market strategist at Bannockburn Global Foreign Exchange. “I think there will be a bit of ‘buy the rumor, sell the fact.’ They’re already looking past Q1 GDP. What’s really going to matter to the Fed is Q2 data.”

Chandler said the dollar started its latest leg higher last week after U.S. March retail sales jumped a surprise 1.6%. It has gained 1.2% since then. In addition to strong U.S. data, there was a round of weak European PMI manufacturing data, another factor pushing the dollar up against the euro. U.S. GDP data is reported at 8:30 a.m. Friday, and first quarter growth is expected at 2.4%.

Dollar/yen hit a new high for the year of 112.40 Thursday, but then fell back below 112. Chandler said the dollar also reached its high for the year against the euro. The euro was at $1.128 to the dollar late Thursday.

“If we go through $1.10 in the euro, people will be talking about $1.05 and parity coming back,” said Chandler. But Chandler said he believes the rally is getting ahead of itself, for now.

“I do think if this dollar rally stays in tact, what we need is divergence,” said Chandler, meaning the U.S. economy would continue to outperform.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: patti domm
Keywords: news, cnbc, companies, rally, data, stocks, stock, bad, gdp, euro, chandler, think, breaking, market, strategists, dollar


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Euro zone consumer confidence falls unexpectedly in April

Euro zone consumer confidence fell unexpectedly by 0.7 points in April from the March number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale decreased to -7.9 this month from -7.2 in March. Economists polled by Reuters had expected a rise to -7.0. In the European Union (EU) as a whole, consumer sentiment fell by 0.6 points to -7.7. Both indicators remain above their respective long-term averages of -11.3 for the euro zone and -1


Euro zone consumer confidence fell unexpectedly by 0.7 points in April from the March number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale decreased to -7.9 this month from -7.2 in March. Economists polled by Reuters had expected a rise to -7.0. In the European Union (EU) as a whole, consumer sentiment fell by 0.6 points to -7.7. Both indicators remain above their respective long-term averages of -11.3 for the euro zone and -1
Euro zone consumer confidence falls unexpectedly in April Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: rosley majid, eyeem, getty images
Keywords: news, cnbc, companies, fell, commission, consumer, euro, confidence, european, unexpectedly, eu, zone, union, points, falls


Euro zone consumer confidence falls unexpectedly in April

Euro zone consumer confidence fell unexpectedly by 0.7 points in April from the March number, figures released on Tuesday showed.

The European Commission said a flash estimate showed euro zone consumer morale decreased to -7.9 this month from -7.2 in March. Economists polled by Reuters had expected a rise to -7.0.

In the European Union (EU) as a whole, consumer sentiment fell by 0.6 points to -7.7.

Both indicators remain above their respective long-term averages of -11.3 for the euro zone and -10.4 for the EU as a whole, the Commission said.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: rosley majid, eyeem, getty images
Keywords: news, cnbc, companies, fell, commission, consumer, euro, confidence, european, unexpectedly, eu, zone, union, points, falls


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