U.S. trade gap edges up; deficit with China at 11-month high (news: 06/09/17)

Today's press

• U.S. trade gap edges up; deficit with China at 11-month high

  WASHINGTON (Reuters) - The U.S. trade deficit increased less than expected in July as both exports and imports fell, suggesting that trade could contribute to economic growth in the third quarter.

• Sterling steadies after biggest jump in two months

  LONDON (Reuters) - Sterling consolidated gains on Wednesday, a day after posting its biggest daily rise in nearly two months, as investors trimmed some bearish bets before a parliamentary debate over the government’s European Union repeal bill.

• Forex - Dollar slips as geopolitical, rate outlook concerns persist

  Investing.com - The dollar dipped against a basket of the other major currencies on Wednesday amid heightened tensions in the Korean peninsula and renewed doubts over the outlook for higher U.S. interest rates.

• Schaeuble Tells U.K. No ‘Free Lunch’ in Brexit Talks With Europe

  German Finance Minister Wolfgang Schaeuble said there’s “no free lunch” in Brexit talks and that the reality of the divorce is sinking in among U.K. policy makers.

• Exit from recession fails to lift stocks

  Despite Nigeria exiting recession on Tuesday, the equities market closed in the red, shedding N35bn.