12/05/2017

Press Review

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15:30 GMT, Friday, May 12, 2017

►►► Economy

Deutsche Welle ► German economy expands sharply The economy in Europe's powerhouse has maintained its momentum, growing sharply again in the first three months of the year. Analysts said strong domestic consumption and investments were behind the expansion. Reuters ► U.S. consumer prices rebound on rising gasoline, rental costs U.S. consumer prices rebounded in April amid increases in the cost of gasoline, food and rents, pointing to steadily rising inflation that could keep the Federal Reserve on track to raise interest rates next month.

►►► Politics The Straits Times ► France's Emmanuel Macron to visit Angela Merkel in Berlin on Monday French President-elect Emmanuel Macron will hold talks with German Chancellor Angela Merkel on Monday (May 15) in Berlin, one day after his planned inauguration on Sunday (May 14). AFP ► China agrees to open market to US beef, gas Beijing and Washington announced Friday an agreement giving US beef, natural gas and certain financial services access to China's massive market in a deal highlighting the warm ties nurtured by their presidents.

►►► Opinions Henrike Michaelis, Volker Wieland ► R-Star and the Draghi rules: Correctly measuring the equilibrium interest rate for policy use This column argues that estimates of these equilibrium rates are extremely uncertain and sensitive to technical assumptions, and thus should not be used as key determinants of the policy stance. Bloomberg’s Editorial Board ► China's Ambitious Road to Somewhere To give the "Belt and Road" initiative a better chance of success, Chinese officials should think small.

►►► Currencies Future Currency Forecast ► GBP EUR Slumps as German GDP Impresses The Pound Euro (GBP EUR) exchange rate continued to slip this morning following the release of Germany’s latest GDP figures. Investing.com ► Macron’s Triumph Removes Eurozone Political Risk Emmanuel Macron won the presidential election last Sunday, defeating Marine Le Pen, a far-right nationalist who wanted to take France out of the European Union.

►►► Markets Business Insider ► Bigger paychecks for US workers might be the next big headwind for stocks With the unemployment rate at its lowest in a decade, slack in the labor market has all but evaporated. That leaves higher wages as the logical next step in the ongoing cycle of economic expansion. 4-traders ► World stocks retreat from record highs as valuations give cause for a pause Global stocks paused near record highs as worries over China's banking system provided an excuse for investors to lock in some profits.

►►► Top Videos Bloomberg ► The Importance of Theresa May's Brexit 'Plan B' In today's "Morning Must Read," Bloomberg’s Tom Keene and Guy Johnson highlight comments on U.K. Prime Minister Theresa May's handling of Brexit. They speak with Roger Bootle, founder at Capital Economics, on "Bloomberg Surveillance." CNBC ► Wilbur Ross on Trump trade agenda Wilbur Ross, Commerce secretary, talks about a trade deal struck between the U.S. China on beef import, Chinese cooked poultry exports and an update on NAFTA.

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