News 

China says U.S. ‘wrong behavior’ is root cause of crisis over Iran nuclear deal

“The remarks by the Chinese Foreign Ministry official comes as Iran is gradually removing limits on its nuclear activities in response to the abrogation of the nuclear agreement and imposition of sanctions on Iran” reports tehrantimes.com. The International Atomic Energy Agency confirmed on Monday that Iran has begun enriching uranium at the Fordow nuclear plant.Chinese Foreign Ministry spokesperson Geng Shuang said on Tuesday that the United States should quit the “wrong behavior” toward the 2015 nuclear deal with Iran and make room for diplomatic efforts. “It is China’s consistent belief…

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The EU just agreed on 13 more weapons projects to develop more firepower independently of the US

“BRUSSELS (Reuters) – European Union governments gave the green light on Tuesday for 13 new defense projects in a step to develop more firepower independently of the United States” writes Robin Emmott for businessinsider.com. The projects took months to negotiate, but French President Emmanuel Macron underlined the desire for deeper EU defense collaboration last week when he said the US-led NATO defense alliance was dying.Under plans agreed by EU defense ministers in Brussels, work will begin on a new patrol vessel, an electronic jamming weapon for aircraft and technology to…

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News Stocks 

Europe stocks inch higher before key Trump speech on China

“European stocks edged higher on Tuesday ahead of a critical speech on China trade relations from President Donald Trump, supported by generally well-received earnings” writes European Markets Editor for marketwatch.com. Infineon’s outlook implies strong sales growth in the second half of its fiscal year, according to Gianmarco Bonacina, an analyst at Equita, the Italian broker. Electrocomponents ECM, -12.69%  shares slumped 13.6% as the distributor of industrial and electronics products said the second half started with “modest growth” with “ongoing softness in electronics.”. Its first-half organic adjusted Ebitda rose 1.4% on…

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News Stocks 

European stocks inch higher before key Trump speech on China

“European stocks edged higher on Tuesday ahead of a critical speech on China trade relations from President Donald Trump, supported by generally well-received earnings” writes European Markets Editor for marketwatch.com. Its first-half organic adjusted Ebitda rose 1.4% on 0.3% growth in service revenue, helped by gains in South Africa, Spain and Italy.Infineon’s outlook implies strong sales growth in the second half of its fiscal year, according to Gianmarco Bonacina, an analyst at Equita, the Italian broker. Source: marketwatch.com

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EU Commission to propose bank capital reform by June: Dombrovskis

“BRUSSELS (Reuters) – The European Commission could propose new rules on bank capital in the European Union by June, to introduce a reform that was agreed globally nearly two years ago, the EU finance commissioner said on Tuesday” writes Midwest Communications Inc for 95kqds.com. The aim is to increase banks’ ability to withstand financial shocks. Source: 95kqds.com

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Economic data coming up in the European session

“Hope you’re all doing well as we look to get things going in the session ahead” reports forexlive.com. ForexLive That’s all for the session ahead.Looking ahead, the risk mood will once again be a key focus amid some data points to move things along during the session.The kiwi has been dragged lower though after NZ data disappointed ahead of the RBNZ monetary policy decision tomorrow. Source: forexlive.com

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European tech investor Balderton launches $400 million start-up fund

“LONDON (Reuters) – European venture capital firm Balderton Capital is launching a $400 million fund to invest in technology start-ups, bringing its total funds under management to $3 billion, it said on Tuesday” writes Min Read for reuters.com. Total venture capital funding in European start-ups hit a record high of 24.6 billion euros ($27.11 billion) in 2018, Balderton said in a statement. “Europe has the potential to build the next generation of technology giants…we are seeing more and more exceptional founders,” said Bernaud Liautaud, managing partner at Balderton. Source: reuters.com

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Darktrace and Depop backer Balderton Capital is raising a new $400 million fund for European startups

“London-headquartered venture capital firm Balderton has launched a new $400 million investment fund to back early-stage startups in Europe” writes Callum Burroughs for businessinsider.com. Last year saw a record high funding for European startups with  with the total amount of venture capital funding flowing into European startups hitting $27.2 billion.”Capital is so much more accessible to companies than before and funds are sitting on a lot of cash,” he added.Europe’s startups will soon have access to a massive new pool of funding. Source: businessinsider.com

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Merck wins European approval for first-ever Ebola vaccine

“(Reuters) – U.S. drugmaker Merck & Co Inc on Monday received approval from the European Commission to market (http://bit.ly/2NZ0QMB) its Ebola vaccine, less than a month after a European medicines panel backed the first-ever vaccine against the deadly virus” writes Midwest Communications Inc for 95kqds.com. Merck has said its priority was to get regulatory approval of its Ervebo manufacturing site in Germany so that licensed supply of the vaccine “can be used to support global public health preparedness”. Source: 95kqds.com

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GBP News 

The U.K. is growing like France. Why does it get a bad rap?

“The European Commission forecast released last week predicted the U.K. economy would grow 1.3% this year and 1.4% next” writes Senior Writer for marketwatch.com. A hung parliament would raise the prospect of new chaotic debates on a possible Brexit deal.Even before it has happened, Brexit has already had an impact on the U.K. economy, because of the prolonged uncertainty of the past three years.Opposition parties will insist that Brexit has taken its toll on the U.K. economy, which is still facing significant uncertainties in spite of a deal Prime Minister…

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