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FX round-up: Sterling endures torrid Friday as traders head for safe-haven gold

FX round-up: Sterling endures torrid Friday as traders head for safe-haven gold

Fri, 24 February 2017

(ShareCast News) - Sterling had a torrid time on key crosses Friday with traders buying defensive assets such as gold on concerns about Europe's political unease, and worries about the economic impact... [more]

London close: FTSE 100 dragged down by banks and miners

London close: FTSE 100 dragged down by banks and miners

Fri, 24 February 2017

(ShareCast News) - Banks and miners led the FTSE to a lower close Friday, in a session awash with blue-chip news including disappointing annual results from Royal Bank of Scotland and Standard Charter... [more]

Mexican current account deficit narrows further in fourth quarter 2016

Mexican current account deficit narrows further in fourth quarter 2016

Fri, 24 February 2017

(ShareCast News) - Mexico's current account deficit narrowed over the last three months of 2016 on strength in manufacturing, but risks were on the rise, economists said. In the fourth quarter, the cu... [more]

Trump whips up CPAC with 'massive' tax cut pledge, Mexico wall timetable

Trump whips up CPAC with 'massive' tax cut pledge, Mexico wall timetable

Fri, 24 February 2017

(ShareCast News) - President Donald Trump told the Conservative Political Action Conference he would "massively" lower taxes for America's middle classes as well as trimming business taxes, while also... [more]

Commodities: Dissatisfied traders sell crude on rise in US inventories

Commodities: Dissatisfied traders sell crude on rise in US inventories

Fri, 24 February 2017

(ShareCast News) - Crude-oil futures are rising Friday as traders continue to express dissatisfaction at yet another rise in US inventories amid a long-running global glut of the black liquid. At roug... [more]

Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'

Fri, 24 February 2017

(ShareCast News) - Goldman Sachs has been downgraded to 'sell' by Berenberg as the German bank indicated its belief that the investment banking behemoth's stock is now overvalued and that it could fac... [more]

US new home sales rise less than expected in January

Fri, 24 February 2017

(ShareCast News) - Sales of new US single-family homes rose less than expected in January, according to official data released on Friday. Figures from the Commerce Department showed new home sales wer... [more]

US consumer confidence weakens in February

Fri, 24 February 2017

(ShareCast News) - US consumer sentiment weakened in February, according to the final reading from the University of Michigan. The consumer sentiment index printed at 96.3, better than the preliminary... [more]

Polish army generals removed by government despite NATO plea

Fri, 24 February 2017

(ShareCast News) - Poland's government has deposed the vast majority of its military leadership as it seeks to rid the country's institutions of officials appointed by the previous government. Warsaw ... [more]

Breakout for bonds and US dollar ahead, BofA-Merrill Lynch says

Fri, 24 February 2017

(ShareCast News) - Investors continued to rotate towards so-called 'inflation trades', ahead of a likely break-out in bonds and the US dollar, according to the widely-followed weekly tally of fund flo... [more]

French election concerns to keep dragging stocks lower

Fri, 24 February 2017

(ShareCast News) - The upcoming French presidential elections of 23 April and 7 May are a key concern for investors as jitters seeped further into European Markets at the end of the week. On Friday, F... [more]

We are not in the 1930s, Credit Suisse says on protectionism

Fri, 24 February 2017

(ShareCast News) - Globalisation may be past its peak but the risk that trade protectionism might get out of hand might be less than some investors think, Credit Suisse said. The Swiss broker's most r... [more]

Italian industrial orders jump at the end of 2016

Fri, 24 February 2017

(ShareCast News) - Italian industrial orders jumped in December, driven by strong domestic demand, although sales were strongest abroad. Total orders grew by 2.8% month-on-month as a 6.8% jump in thos... [more]

Ex-IMF chief Rodrigo Rato sentenced to four years in prison

Fri, 24 February 2017

(ShareCast News) - A former head of the International Monetary Fund has been sentenced to four years in a Spanish jail after he was found guilty of the misuse of corporate credit cards during his time... [more]

Trump insists on increasing US nuclear arsenal

Fri, 24 February 2017

(ShareCast News) - President Donald Trump has said that the US should expand its nuclear capability while there is no agreement to eradicate weapons on a global scale. Trump told Reuters that the US m... [more]

FX round-up: Sterling up on UK retail data as dollar drops after Fed's jawboning

Thu, 23 February 2017

(ShareCast News) - Sterling firmed on key crosses Thursday, helped up by a slight improvement in UK retail-sales figures, a widely weaker dollar on perceived Federal Reserve jawboning and lingering Eu... [more]

London close: FTSE ends lower on banks in news-rich session

Thu, 23 February 2017

(ShareCast News) - London shares closed lower on Thursday with banks leading the drop in blue-chip stocks in a session overflowing with mostly well-received corporate news. Among lenders down were ex-... [more]

US Treasury secretary Mnuchin vows 'very significant' tax reform by August

Thu, 23 February 2017

(ShareCast News) - Donald Trump's newly appointed Treasury secretary Steven Mnuchin has said that 'very significant' tax reforms will be in place in the US by August. Mnuchin, the former Goldman Sachs... [more]

Commodities: Crude surges on drop in US supplies as gold rises, dollar falls

Thu, 23 February 2017

(ShareCast News) - Crude-oil futures raced ahead Thursday after overnight American Petroleum Institute figures revealed a drop in US supplies of the black liquid. At 15:37 GMT, Nymex-priced West Texas... [more]

US initial jobless claims rise more than expected

Thu, 23 February 2017

(ShareCast News) - The number of Americans filing for unemployment benefits rose more than expected last week, according to data from the Labor Department. US initial jobless claims were up 6,000 from... [more]

Higher inflation, US uncertainty weigh on German consumer confidence, GfK says

Thu, 23 February 2017

(ShareCast News) - Increased uncertainty about the new US administration and higher inflation darkened German consumers' mood in February, a widely-followed barometre revealed. As a result, GfK's cons... [more]

North Korea demands end to Kim Jong-nam death investigation

Thu, 23 February 2017

(ShareCast News) - Malaysia has been accused by North Korea of behaving in a "sinister" way after opening an investigation into the assassination of leader Kim Jong-un's brother, Kim Jong-nam. South K... [more]

German GDP speeds up in Q4 but slowdown seen ahead

Thu, 23 February 2017

(ShareCast News) - Germany's economy picked up in the last three months of 2016, driven by consumer spending, even as economists pointed to other indicators which hinted at weaker spending ahead. Gros... [more]

FX round-up: Sterling, dollar lower as markets anticipate FOMC minutes

Wed, 22 February 2017

(ShareCast News) - Sterling was mostly lower Wednesday as mixed UK economic data reinvigorated Brexit nerves in the market, with investors' attentions now on the Federal Open Market Committee (FOMC) m... [more]

London close: FTSE up as Lloyds, Barratt lead blue chips higher

Wed, 22 February 2017

(ShareCast News) - Shares in London ended Wednesday on a mixed note after confirmation the UK saw better than expected economic growth at the end of 2016, with blue chips benefiting from a softer ster... [more]