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FX round-up: Lack of data release makes way for indecisive Cable moves

FX round-up: Lack of data release makes way for indecisive Cable moves

Fri, 21 July 2017

(ShareCast News) - On Friday sterling managed to recover most of its losses against the US dollar from prior session posting a morning high of 1.3020, only managing to touch psychological resistance o... [more]

Irish ambassador calls on UK to remain in Customs Union

Irish ambassador calls on UK to remain in Customs Union

Fri, 21 July 2017

(ShareCast News) - Britain should remain in the EU Customs Union following Brexit in order to avoid problems with the Irish border, the country's ambassador to the UK said on Friday. In an interview w... [more]

US open: Wall Street slips amid weak tech earnings, downbeat GE

US open: Wall Street slips amid weak tech earnings, downbeat GE

Fri, 21 July 2017

(ShareCast News) - Wall Street was slightly lower in early trading following disappointing updates from Microsoft and Ebay, alongside weak guidance from industrial conglomerate GE. At 1603 BST, the Do... [more]

Earthquake strikes Greek island of Kos and coastal towns in Turkey

Earthquake strikes Greek island of Kos and coastal towns in Turkey

Fri, 21 July 2017

(ShareCast News) - A powerful earthquake in the Aegean sea has wreaked havoc tourist hot-spots near the Greek island of Kos and off the coast of Turkey, leaving two dead and more than 200 injured. The... [more]

ExxonMobil fined $2m for violating Russia sanctions

ExxonMobil fined $2m for violating Russia sanctions

Fri, 21 July 2017

(ShareCast News) - US oil corporation ExxonMobil has been fined $2m by authorities in the country for the violation of sanctions handed out to Russia during Rex Tillerson's time as CEO. Sanctions were... [more]

FX round-up: Positive retail sales figures fail to excite GBP traders

Thu, 20 July 2017

(ShareCast News) - Figures released by the Office of National Statistics this morning showed an increase in month-on-month UK retail sales, with a print of 0.6% and year-on-year sales at 2.9%. Both fi... [more]

Euro area consumer confidence dips in July

Thu, 20 July 2017

(ShareCast News) - Consumer confidence in the single currency bloc slipped a tad, the European Union's executive arm said. The European Commission's preliminary consumer confidence index dipped by -0.... [more]

Major dark web marketplaces shut down by US government

Thu, 20 July 2017

(ShareCast News) - US security officials claimed a major victory on Thursday as two of the so-called dark web's largest marketplaces were shut down. AlphaBay and Hansa had become widely known as two o... [more]

'We're not there yet, financing conditions favourable' ECB's Draghi says

Thu, 20 July 2017

(ShareCast News) - "We're not there yet", European Central Bank chief Mario Draghi said in his press conference when asked whether monetary policy needed to remain as accommodative as it was. However,... [more]

Philly Fed index falls more than estimated in July

Thu, 20 July 2017

(ShareCast News) - Manufacturing conditions in the Philadelphia region deteriorated more than expected in July, according to a survey released on Thursday. The diffusion index for current activity fel... [more]

US jobless claims drop more than expected

Thu, 20 July 2017

(ShareCast News) - The number of Americans filing for unemployment benefits fell more than expected last week, according to data from the Labor Department. US initial jobless claims dropped by 15,000 ... [more]

ECB keeps policy rates unchanged, as expected

Thu, 20 July 2017

(ShareCast News) - The European Central Bank kept all its main policy rates unchanged on Thursday, as expected. The interest rate on the main refinancing operation facility was kept at 0.00%, with tho... [more]

German factory gate inflation slows in June

Thu, 20 July 2017

(ShareCast News) - The rate of gain in German factory gate prices slowed in June. The country's producer price index was unchanged versus the prior month and up by 2.4% year-on-year, according to the ... [more]

Theresa May's new Brexit business council to meet

Thu, 20 July 2017

(ShareCast News) - Theresa May will meet with senior figures in some of the UKs largest companies later on Thursday in an effort to assuage some of the growing concerns over the governments Brexit pla... [more]

Morgan Stanley opts for Frankfurt as new post-Brexit hub

Thu, 20 July 2017

(ShareCast News) - US investment bank Morgan Stanley is the latest multinational financial firm to choose Frankfurt as a new post-Brexit European hub, according to several reports. It was also reporte... [more]

Trump attacks his own attorney general Sessions after recusal

Thu, 20 July 2017

(ShareCast News) - US President Donald Trump has launched an extraordinary attack on Attorney General Jeff Sessions after the country's top justice official recused himself from any investigation into... [more]

FX round-up: Calm ahead of ECB, BoJ storm?

Wed, 19 July 2017

(ShareCast News) - A fairly quiet day of trading was seen today with a string of medium impact data released from the U.S. with the main focus being on housing and building. Month on month buildin... [more]

US oil inventories drop more than expected during latest week

Wed, 19 July 2017

(ShareCast News) - US crude oil inventories fell by more than expected during the latest reference week, official data revealed, even as imports picked-up. Commercial crude stockpiles in the States de... [more]

Broker tips: Hunting, Royal Mail, AA

Wed, 19 July 2017

(ShareCast News) - Analysts at Morgan Stanley downgraded their recommendation on shares of Hunting and cut their target price, telling clients consensus was too upbeat about the prospects for activity... [more]

US housing starts rise more than expected in June

Wed, 19 July 2017

(ShareCast News) - US housing starts rose more than expected in June, according to data released by the Commerce Department on Wednesday. Housing starts were up 8.3% to a seasonally-adjusted annual ra... [more]

Euro area construction output falls in May

Wed, 19 July 2017

(ShareCast News) - Construction output in the single currency bloc shrank in May, led by declines in almost all the major economies, save Italy. Total production from the sector declined by 0.7% month... [more]

Ethereum co-founder says initial coin offerings are a "ticking time bomb"

Wed, 19 July 2017

(ShareCast News) - In May alone, cryptocurrency "Ether" rose by as much as 700% in value amid a craze for initial coin offerings but one of its developers said they were a "ticking time bomb". After s... [more]

Trump and Putin held undisclosed private meeting at G20

Wed, 19 July 2017

(ShareCast News) - Donald Trump and Vladimir Putin held a second undisclosed meeting only attended by one Russian translator during the G20 summit in Hamburg, the White House said on Tuesday. The US a... [more]

US import prices dip in June

Tue, 18 July 2017

(ShareCast News) - Prices of goods purchased from overseas in the States dipped in June on the back of lower fuel import costs. The import price index slipped by 0.2% month-on-month and was 1.5% highe... [more]

Frankfurt chosen as new Citigroup EU trading hub - report

Tue, 18 July 2017

(ShareCast News) - US banking giant Citigroup is reportedly set to announce Frankfurt as its choice for its new European trading hub. Citi had been weighing options as to where to base its expanding b... [more]