PRESS DIGEST- Financial Times - May 29
May 29 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
NEW YORK, March 31 J.P. Morgan on Friday downgraded its growth estimate on the U.S. economy in the first quarter on weaker-than-expected consumer spending data in February, but raised its outlook on economic growth in the second quarter due to an expected rebound in consumer spending.
The bank's economist Michael Feroli said in a research note he lowered his view on U.S. gross domestic product in the first quarter to 1.0 percent from 1.5 percent and raised his GDP estimate for the second quarter to 3.0 percent from 2.0 percent.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
May 29 London's Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline.
May 29 Gold held near its highest in four weeks on Monday after rising almost 1 percent in the previous session, buoyed as geopolitical tensions boosted its safe-haven appeal. FUNDAMENTALS * Spot gold was flat at $1,266.40 per ounce at 0044 GMT. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50. * U.S. gold futures slipped 0.1 percent to $1,266.4 an ounce. * North Korea fired what appeared to be a shor