• European and U.S. investors flee active mutual funds the most in three years at $30bn YTD as stock picking scrutiny increases.

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• U.S. economy ads 224,000 jobs in June to beat forecasts of 165,000, after just 75,000 jobs were created in May.

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• Stronger jobs data calmed hopes for easing Federal Reserve monetary policy sending stocks lower.

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• Investors race back to Argentina as economy 'bottoms out', peso outperforms and stocks gain 40% since early May.

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• Iranian Oil Minister Bijan Zanganeh warns “unilateralism” among OPEC members could result in the demise of the Middle East-dominated producer group.

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• OPEC output sinks to a new five-year low in June as increases in Saudi supply doesn't offset losses from US sanctions on Iran and Venezuelan sanctions.

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• US fixed income ETF's attracted a record $25.4bn in June as investors mulled over an uncertain growth outlook.

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• World leaders welcome agreement forged by Sudan's ruling military council and a coalition of opposition and protest groups for three year power share.

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• China and US reach a truce in trade war at the G-20 summit in Japan.

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• Chinese Ministry of Commerce spokesman says “If the two sides are to reach a deal, all imposed tariffs must be removed'.

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• Demonstrators in Hong Kong take protests to the mainland, marching march through Kowloon's Chinese tourist areas.

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• S&P 500, Nasdaq Composite and  Dow Jones Industrial Average all closed at record highs on Wednesday.

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• Iranian Government spokesman Ali Rabiei tells a news conference that Iran will surpass the limit of 3.67%, breaking more limits of the 2015 world power nuclear deal.

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• Experts warn more enrichment and increasing stockpiles increase the possibility of an Iranian atomic bomb.

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• EU leaders vote for Ursula von der Leyen, German Chancellor Angela Merkel's close ally, to replace Jean-Claude Juncker at the Commission's helm. 

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• Christine Lagarde is nominated to replace Mario Draghi at the ECB, coming under criticism for not being a trained economist.

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• GBP hits a six-month losing more than 1% against USD on poor economic data and expectations of a BOE interest rate cut.

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• Sterling sees ninth consecutive week of losses against the euro. 

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• Polls confirm belief that sterling will enjoy a boost and rally significantly if Brexit deal is reached.

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• London house prices fall for the 8th straight quarter to the end of June.

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• UK financial watchdog, the FCA, proposes banning sales of crypto-based derivatives amid bitcoin price rise. 

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• European shares closed at their highest in over a year on Thursday spurred on by hopes of looser monetary policy by major central banks.  

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• Neil Woodford informs staff their jobs are under threat after suspension of trading in his £3.5bn flagship fund.

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• Italy avoided European Union disciplinary action, persuading the European Commission that it will bring its debt in line with EU fiscal rules. 

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• Weak purchasing managers’ index surveys signal the British economy contracting in the second quarter amid prolonged Brexit uncertainty.

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• Jaguar Land Rover announce multi-million pound investment UK electric vehicle production after a slump in diesel sales.

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• UK construction falls to decade-low levels.

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•  Boeing faces more setbacks after Saudi Arabian low-cost carrier Flyadeal cancels order for 50 737 Max jets.

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• Greece raises hopes of a return to stability and growth as centre-right New Democracy party looks set to regain power after years of recession and bailouts.

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• German manufacturing orders dropped much more than expected at 2.2% month-on-month in May sparking a new drops in government borrowing costs on the likelihood of more monetary easing from the ECB.​

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