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US CPI rises 0.1% month-on-month in April, down 0.2% year-on-year, as expected

US CPI rises 0.1% month-on-month in April, down 0.2% year-on-year, as expected

Fri, 22 May 2015

The US consumer price index (CPI) rose 0.1% month-on-month in April, easing back from a 0.2% in March, as forecast by analysts. The Bureau of Labor Statistics said compared to a year ago the US fell f... [more]

Banks being probed over automated forex deals, report says

Banks being probed over automated forex deals, report says

Fri, 22 May 2015

Wall Street banks may face further damaging allegations about their rigging of foreign exchange markets, as New York's banking regulator intensifies a probe into electronic trading, according to the F... [more]

Germany's Schäuble raises idea of Greek 'parallel currency'

Germany's Schäuble raises idea of Greek 'parallel currency'

Fri, 22 May 2015

Germany's finance minister, Wolfgang Schäuble, has reportedly suggested a "parallel currency" might need to be created for Greece to run alongside the euro if the country's bailout talks fail. Schäubl... [more]

German business confidence slips in May but beats forecasts; 1Q GDP growth confirmed at 0.3%

German business confidence slips in May but beats forecasts; 1Q GDP growth confirmed at 0.3%

Fri, 22 May 2015

The German Ifo business climate index nudged down to 108.5 in May from 108.6 in April, marking its first drop since October last year, but still a touch ahead of analysts' expectations for a reading o... [more]

Commodities: Oil retreats from overnight highs, copper and lead claw back losses

Commodities: Oil retreats from overnight highs, copper and lead claw back losses

Fri, 22 May 2015

Oil benchmarks shed overnight gains in Asia on Friday with profit-taking undoing some of price spikes noted in US trading. At 07:25 BST, the Brent front month futures contract was down 16 cents or 0.2... [more]

Eurozone consumer confidence weakens in May

Thu, 21 May 2015

Sentiment among consumers in the Eurozone declined this month, according to data from the European Commission. The flash estimate of the EC's consumer confidence indicator fell by 0.9 points to -5.5, ... [more]

US leading economic indicators climb in April

Thu, 21 May 2015

The US leading economic indicators (LEI) climbed in April, the Conference Board said on Thursday. The gauge, a weighted index of 10 indicators, rose 0.7% in April, signalling the world's biggest econo... [more]

US existing home sales fall unexpectedly in April

Thu, 21 May 2015

Sales of existing US homes fell unexpectedly in April, data from the National Association of Realtors showed on Thursday. According to the figures, existing home sales declined 3.3% month-on-month to ... [more]

US manufacturing PMI slips to 16-month low in May, Markit says

Thu, 21 May 2015

The growth rate of manufacturing activity in the United States unexpectedly slowed to a 16-month low this month, according to data released on Thursday by Markit. The Markit 'flash' US manufacturing p... [more]

Vedanta needs to strengthen its balance sheet, says Moody's

Thu, 21 May 2015

Vedanta Resources will have to strengthen its balance sheet for the current financial year to avoid further pressure on its credit ratings, according to Moody's. While the ratings agency lifted its ne... [more]

Shell to propose BG Group auditor EY as its new assessor

Thu, 21 May 2015

Royal Dutch Shell, which is currently in the process of acquiring BG Group, will be recommending the latter's auditor Ernst & Young (EY) to shareholders as the Anglo-Dutch oil company's new auditor fo... [more]

Initial jobless claims rise a little more than expected

Thu, 21 May 2015

Weekly jobless claims in the US increased a little more than expected in the week ending May 16, according to data released by the Labor Department on Thursday. Initial jobless claims rose by 10,000... [more]

Chicago Fed Index edges higher in April

Thu, 21 May 2015

The US economy performed better than in the previous month in April but remained below trend, according to the Chicago Federal Reserve. The Chicago Fed's national activity index edged up to -0.15 from... [more]

ECB minutes reiterate effectiveness of QE, stress government reforms

Thu, 21 May 2015

European Central Bank (ECB) policymakers agreed that the quantitative easing programme was having a good impact on the Eurozone, minutes of the 14-15 April meeting showed. Officials also reiterated th... [more]

IS seizes Syria's heritage township of Palmyra

Thu, 21 May 2015

Islamic State (IS) militants have entered the ancient ruins of the Syrian town of Palmyra on Thursday, after gaining full control of the historic city overnight, according to the Syrian Observatory fo... [more]

New York financial regulator Benjamin Lawsky quits after banking fine victory

Thu, 21 May 2015

Hours after helping to oversee a near-$6bn of global penalties issued to five banks for rigging currency markets, New York financial regulator Benjamin Lawsky has announced his resignation. Lawsky, wh... [more]

Commodities: Oil price rises on Chinese manufacturing data, gold up on Fed caution

Thu, 21 May 2015

Oil benchmarks were trading higher on Thursday, following a marginal improvement in Chinese manufacturing. The HSBC China manufacturing purchasing managers' index (PMI) released overnight rose from 48... [more]

China, US trade verbal salvos in the South China Sea

Thu, 21 May 2015

A US surveillance aircraft flying over Mischief Reef, located in the disputed Spratly Islands of the South China Sea, was warned eight times by the Chinese Navy on Wednesday, according to CNN. The P8-... [more]

Fed Minutes: June rate hike 'unlikely', says majority

Wed, 20 May 2015

A rate hike in June is 'unlikely', according to minutes published from the last Federal Reserve interest-rate meeting. A summary of the discussions spanning 29-30 April revealed that only a few offici... [more]

Commodities: Oil recovers ground, gold remains in the green

Wed, 20 May 2015

Oil benchmarks recovered ground in European intraday trading on Wednesday, after overnight dips on oversupply permutations and the strength of the dollar. At 16:05 BST, the Brent front month futures c... [more]

Barclays and RBS among banks fined $5.6bn for forex rigging

Wed, 20 May 2015

Five global banks including the UK's Barclays and Royal Bank of Scotland have agreed to pay over $5bn in combined fines and will plead guilty to criminal charges over the rigging of foreign exchange m... [more]

US mortgage applications decline in week to 15 May

Wed, 20 May 2015

Applications for US home mortgages fell last week, data released on Wednesday showed. The Mortgage Bankers Association (MBA) said its seasonally adjusted index of application activity, which covers ho... [more]

Moody's sees high likelihood of capital controls in Greece

Wed, 20 May 2015

Ratings agency Moody's Investors Service said on Wednesday that the outlook for the Greek banking sector is "negative" due to the acute deterioration in banks' funding and liquidity. It said the risk ... [more]

Citi cuts forecast for WTI crude futures in fourth quarter of 2015

Wed, 20 May 2015

Oil prices have risen too quickly this year, one of the world's leading brokers believes. The oil recovery may stoke a recovery in output of so-called US 'tight oil', said Citi's commodity research te... [more]

Construction output recovers in Europe's core economies in March

Wed, 20 May 2015

In March output in the Eurozone´s construction sector grew by 0.8% month-on-month, according to Eurostat. The civil engineering sub-sector led the increase with a 3.2% gain in production while buildin... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Expedia Inc. 113.00 6.71 22:10
NetApp Inc. 33.14 4.31 22:10
Intuit Inc. 106.76 2.50 22:10
Analog Devices Inc. 67.10 2.45 22:10
Avago Technologies Ltd. 132.64 2.35 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Ross Stores Inc. 97.03 -4.45 22:09
Autodesk Inc. 56.39 -1.95 22:10
Dollar Tree Inc 77.18 -1.91 22:10
Charter Communications Inc. 175.33 -1.86 21:41
Wynn Resorts Ltd. 106.54 -1.44 21:55