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FX roundup: Sterling ekes out mild gains as Trump inaugurated as US president

FX roundup: Sterling ekes out mild gains as Trump inaugurated as US president

Fri, 20 January 2017

(ShareCast News) - Sterling eked out mild gains against most major currencies, barring the euro, as global markets turned their attentions to the inauguration of Donald Trump, now US president. At abo... [more]

Donald Trump sworn in as 45th President of the United States

Donald Trump sworn in as 45th President of the United States

Fri, 20 January 2017

(ShareCast News) - New York businessman Donald Trump has become the 45th President of the United States after being sworn in to the position on the steps of Capitol Hill on Friday, capping a meteoric ... [more]

Commodities: Crude oil nears resistance as focus settles on Trump inauguration

Commodities: Crude oil nears resistance as focus settles on Trump inauguration

Fri, 20 January 2017

(ShareCast News) - Crude oil futures were firmly ahead on Friday afternoon but remained camped out below firm resistance levels in a session tinged with caution as controversial US president-elect Don... [more]

Warren Buffett says US 'will work fine' under Donald Trump

Warren Buffett says US 'will work fine' under Donald Trump

Fri, 20 January 2017

(ShareCast News) - Billionaire investor Warren Buffett has backed the United States' economic prospects, despite having been highly critical in the past of incoming president Donald Trump. The owner o... [more]

Record hikes AUME to $56.6bn at end-December 2016

Record hikes AUME to $56.6bn at end-December 2016

Fri, 20 January 2017

(ShareCast News) - Specialist currency manager Record has hiked its assets under management equivalents (AUME) to $56.6bn at 31 December 2016, from $55.0 three months earlier. Chief executive James Wo... [more]

Ten ways markets could surprise us this year - Credit Suisse

Fri, 20 January 2017

(ShareCast News) - As Donald Trump prepares to pick up the keys to the White House and the Brexit debacles rumbles on, Credit Suisse highlighted 10 ways in which financial markets could surprise us th... [more]

Financial markets hold breath ahead of Trump inauguration - comment

Fri, 20 January 2017

(ShareCast News) - A most unlikely of transformations will be complete on Friday as Donald Trump takes over from Barack Obama to become the 45th President of the United States. Trump's rise to the Whi... [more]

Gradual pace of interest rate increases prudent, Fed´s Yellen says

Fri, 20 January 2017

(ShareCast News) - Letting the US economy run "too hot" would be risky and unwise, the head of the country´s central bank said, while reiterating her support for a gradual removal of the then current ... [more]

China GDP accelerates sharply in Q4, official data questioned

Fri, 20 January 2017

(ShareCast News) - China´s economic expansion accelerated slightly at the end of 2016, official government data revealed, but more timely figures for December appeared to point to a slowdown in activi... [more]

Trump and May doomed to failure, Soros at Davos

Fri, 20 January 2017

(ShareCast News) - Billionaire investor George Soros has told the World Economic Forum in Davos that he believes incoming US president Donald Trump will be a failure and British prime minister Theresa... [more]

Marine Le Pen leads poll ahead of French presidential election

Thu, 19 January 2017

(ShareCast News) - French National Front leader Marine Le Pen has surged ahead in a key poll as attention turns to the presidential election later this year in the country. Le Pen and her party's rise... [more]

Airline bosses report sky high operating costs but remain optimistic for 2017

Thu, 19 January 2017

(ShareCast News) - The International Air Transport Association has released research suggesting a challenging environment for airlines, including lower passenger yields and an increase in operating co... [more]

RBS might book charge for US RMBS litigation in Q4, report says

Thu, 19 January 2017

(ShareCast News) - State-owned RBS might book a charge for expected litigation charges stemming from the US Department of Justice´s probe into its role in that country´s sub-prime mortgage meltdown wh... [more]

US housing starts rise more than expected in December

Thu, 19 January 2017

(ShareCast News) - US housing starts rose more than expected in December, according to data released by the Commerce Department. Housing starts were up 11.3% from the revised November rate to a season... [more]

Philly Fed index unexpectedly jumps in January

Thu, 19 January 2017

(ShareCast News) - Manufacturing conditions in the Philadelphia region unexpectedly improved in January. The diffusion index for current activity rose to 23.6 from a downwardly-revised 19.7 in Decembe... [more]

ECB keeps policy measures unchanged

Thu, 19 January 2017

(ShareCast News) - The European Central Bank decided to keep key interest rates and the asset purchase programme unchanged on Thursday. Interest rates on main refinancing operations, the marginal lend... [more]

Bonds: Prices continue to move within recent trading ranges

Thu, 19 January 2017

(ShareCast News) - These were the moves in some of the most widely-followed 10-year sovereign bonds: US: 2.43% (+10bp) UK:1.34% (+3bp) Germany: 0.36% (+4bp) France: 0.83% (+4bp) Italy: 1.96% (+4bp) S... [more]

Commodities: Dollar bounce caps gains in gold

Thu, 19 January 2017

(ShareCast News) - Swings in the US dollar continued to call the tune for commodity prices, with a bounce in the Greenback´s helping to limit further gains in precious metals. As of 1940 GMT, front ... [more]

Initial US weekly unemployment claims see large drop

Thu, 19 January 2017

(ShareCast News) - A key gauge of the short-term health of the US labour market continued to improve during the latest week. Initial US unemployment claims fell by 15,000 to reach 234,000 over the wee... [more]

Economist Roubini compares Trump strategies with communism

Thu, 19 January 2017

(ShareCast News) - The economist who predicted the global stock market crash in 2008 has said that if Barack Obama had espoused policies put forward by president-elect Donald Trump, he would be labell... [more]

Greatland Gold may have found 'multiple million ounce' gold deposit

Thu, 19 January 2017

(ShareCast News) - Explorer Greatland Gold said analysis of samples from recent drilling at its Ernest Giles project in Western Australia suggested there may be "multiple million ounce deposits" of go... [more]

Fed funds rate headed towards 3% over medium-term, Yellen says

Wed, 18 January 2017

(ShareCast News) - Policy interest rates in the US might rise towards 3% by the end of 2019, the head of the US central bank told an audience. In remarks prepared for a speech to the Commonwealth Club... [more]

Commodities: Saudi energy chief eyes end to OPEC supply curbs

Wed, 18 January 2017

(ShareCast News) - Falling energy futures dragged the commodities complex lower on Wednesday. In remarks to Bloomberg TV, the head of the International Energy Agency, Fatih Birol, said "US shale-oil p... [more]

Mexican peso, Canadian Loonie hit by report US to re-open NAFTA deal

Wed, 18 January 2017

(ShareCast News) - Mexico´s peso hit a fresh record low on Wednesday evening after The Globe and Mail reported that incoming US trade chief Wilbur Ross had notified the Canadian government of the new ... [more]

US industrial production jumps in December

Wed, 18 January 2017

(ShareCast News) - US industrial production jumped at the tail-end of 2016 as utilities output soared, albeit amid downwards revisions for data from prior months. Total production rose by 0.8% month-o... [more]