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Markit's flash US manufacturing PMI beats expectations in July

Markit's flash US manufacturing PMI beats expectations in July

Fri, 22 July 2016

(ShareCast News) - Markit's flash manufacturing purchasing managers' index rose to an eight-month high of 52.9 in July from 51.3 in June. This was ahead of expectations for a reading of 51.6, led by a... [more]

Commodities: Precious metals drop after weak PMIs

Commodities: Precious metals drop after weak PMIs

Fri, 22 July 2016

(ShareCast News) - Precious metal prices fell on Friday after weaker-than-expected manufacturing data. On the Comex gold prices dropped 0.52% and silver fell 0.39% while spot platinum declined 1.18%. ... [more]

Markit's flash eurozone PMI beats expectations in July

Markit's flash eurozone PMI beats expectations in July

Fri, 22 July 2016

(ShareCast News) - Markit's flash eurozone composite purchasing managers' index fell less than expected in July. The PMI slipped to 52.9 from 53.1 in June, hitting an 18-month low but better than expe... [more]

US existing home sales unexpectedly rise in June

US existing home sales unexpectedly rise in June

Thu, 21 July 2016

(ShareCast News) - Sales of existing US homes unexpectedly rose in June, according to data from the National Association of Realtors. Sales were up 1.1% to a seasonally-adjusted annual rate of 5.57m f... [more]

Philly Fed manufacturing index turns negative in July

Philly Fed manufacturing index turns negative in July

Thu, 21 July 2016

(ShareCast News) - Manufacturing conditions in the Philadelphia region unexpectedly deteriorated in July, with activity contracting, according to the latest report from the Federal Reserve Bank of Phi... [more]

US initial jobless claims unexpectedly drop

Thu, 21 July 2016

(ShareCast News) - The number of Americans filing for unemployment benefits unexpectedly fell last week, according to the Labour Department. US initial jobless claims dropped by 1,000 from the previou... [more]

ECB holds fire on policy, more stimulus expected in September

Thu, 21 July 2016

(ShareCast News) - The European Central Bank kept its policy unchanged on Thursday, as expected by economists, but the monetary authority indicated that it may boost stimulus later this year. The ECB'... [more]

US crude oil stockpiles decline in latest week, DoE says

Wed, 20 July 2016

(ShareCast News) - US oil inventories decreased last week, as did those for some of the main oil products. Crude oil stockpiles Stateside dropped by 2.3m barrels during the week ending on 15 July, acc... [more]

Euro area consumer confidence hit by Brexit uncertainty in July

Wed, 20 July 2016

(ShareCast News) - Consumer confidence in the euro area dropped back sharply in July, according to a widely-followed gauge of sentiment, with some analysts linking the drop to the immediate impact of ... [more]

Theresa May to meet Merkel and Hollande as UK gives up European Council presidency

Wed, 20 July 2016

(ShareCast News) - Theresa May was scheduled to meet German Chancellor Angela Merkel on Wednesday as Downing street said the UK will relinquish its forthcoming six month presidency of the European Cou... [more]

Trump clinches GoP 2016 US presidential nomination

Wed, 20 July 2016

(ShareCast News) - Donald Trump received overnight the US Republican Party´s nomination to be the next president of the United States . He will face off against his Democratic Party rival, ex-Secretar... [more]

Commodities: Dollar strength amid weak data, cautious forecasts weighs on prices

Tue, 19 July 2016

(ShareCast News) - Commodities retreated as investors pushed the US dollar to a four-month high and the International Monetary Fund opted to take an optimistic view on the likely impact of Brexit, eve... [more]

Fund managers' cash hoard biggest in July since late 2001, BofA ML survey shows

Tue, 19 July 2016

(ShareCast News) - Fund managers turned outright bearish on global equities in July, stashing more money under the proverbial mattress than at any time since two months after the tragic September 11 a... [more]

Turkey sacks 15,200 ministry of education staff as purge expanded

Tue, 19 July 2016

(ShareCast News) - Turkey sacked 15,200 staff at the ministry of education on Tuesday in the latest purge of anyone thought to be affiliated with the coup attempt. The staff were sacked due to alleged... [more]

Belgian business confidence improves in June

Tue, 19 July 2016

(ShareCast News) - Business confidence in Belgium turned up in June, as manufacturers turned in a more favourable assessment of the present situation as regards company order books as well as stocks. ... [more]

European truck giants fined 2.9bn euros for taking part in truck cartel

Tue, 19 July 2016

(ShareCast News) - A truck cartel formed by companies MAN, Volvo/Renault, Daimler, Iveco, and DAF was busted by the EU commission on Tuesday. The truck makers colluded for 14 years on truck pricing an... [more]

Federal Reserve more confident of rate hike before year-end, Fed watcher says

Tue, 19 July 2016

(ShareCast News) - The US central bank might raise interest rates again in coming months if the economic data Stateside 'held up', a widely-followed Fed watcher said. Now that financial markets appear... [more]

IMF slashes UK forecasts as Brexit 'throws spanner' in global growth

Tue, 19 July 2016

(ShareCast News) - Global growth in 2016 and 2017 is forecast to be slower than expected due to Britain's decision to leave the European Union, with the International Monetary Fund also slashing its e... [more]

US housing starts and permits for June beat forecasts

Tue, 19 July 2016

(ShareCast News) - Housing activity Stateside picked up in June, even as a lead indicator for the sector pointed to further short-term gains US housing starts jumped by 4.8% month-on-month to reach an... [more]

Reality-check ahead for FTSE 100 investors, HSBC says

Tue, 19 July 2016

(ShareCast News) - Britain's top-flight index was set to reverse recent gains to end the year lower by 7%, delivering a 'reality-check' for investors, strategists at HSBC said. The harsh economic real... [more]

Investors turn bearish on EU equities, BofA-ML survey shows

Tue, 19 July 2016

(ShareCast News) - Investors' bullishness towards equities from the European Union finally buckled under the weight of Brexit, the results of Bank of America-Merrill Lynch's European fund manager surv... [more]

Brexit woes send German investor sentiment to lowest since November 2012

Tue, 19 July 2016

(ShareCast News) - Concerns over Brexit sent German investor confidence to its lowest level since November 2012 in July, according to the latest survey from the ZEW Center for European Economic Resear... [more]

Commodities: Oil, steel-related futures fall

Mon, 18 July 2016

(ShareCast News) - Commodity markets were little changed overall despite a move lower in energy futures. Bloomberg's commodity index dipped 0.11% to 86.6021 as the US dollar spot index drifted down by... [more]

Fitch warns of risks to credit rating from Turkish government's reaction

Mon, 18 July 2016

(ShareCast News) - The impact of the reaction by Turkey's authorities to the attempted military coup over the weekend on political divisions in the country and the independence of its institutions wou... [more]

ExxonMobil makes bid for InterOil to beat out Australia's OilSearch

Mon, 18 July 2016

(ShareCast News) - ExxonMobil Corp has made a bid worth in excess of $2.2bn for InterOil Corp and its stake in a rich Papua New Guinea gasfield, winning the support of its target and topping an offer ... [more]