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Eurozone economic sentiment broadly stable in June

Eurozone economic sentiment broadly stable in June

Wed, 29 June 2016

(ShareCast News) - Economic sentiment in the eurozone was broadly unchanged in June, according to figures from the European Commission. The headline EC economic confidence index slipped to 104.4 from ... [more]

German consumer sentiment set to improve in July, says GfK

German consumer sentiment set to improve in July, says GfK

Wed, 29 June 2016

(ShareCast News) - German consumer sentiment is set to improve next month but uncertainty following the UK's decision to leave the European Union could take its toll, according to data from market res... [more]

US consumer confidence improves more than expected in June

US consumer confidence improves more than expected in June

Tue, 28 June 2016

(ShareCast News) - US consumer confidence improved much more than expected in June, according to data from the Conference Board. The Conference Board Consumer Confidence Index rose to 98 from 92.4 i... [more]

US house price growth eases a touch in April, in line with views

US house price growth eases a touch in April, in line with views

Tue, 28 June 2016

(ShareCast News) - US house price growth slowed just a touch in April, according to the S&P/Case-Shiller National Home Price Index, and the outlook is uncertain following Brexit and ahead of the US el... [more]

US first-quarter GDP growth revised up to 1.1%

US first-quarter GDP growth revised up to 1.1%

Tue, 28 June 2016

(ShareCast News) - The latest data from the Commerce Department showed the US economy slowed down less than originally estimated in the first quarter. According to the third estimate, Q1 gross domes... [more]

FX round-up: Cable stages largest two-day fall since 1971

Tue, 28 June 2016

(ShareCast News) - Sterling plumbed its lowest level since 1985 on Monday - hitting an intra-day-low of 1.3118. Its approximately 14% drop since the polls closed constituted its largest two-day retrea... [more]

Draghi expresses "sadness" over Brexit

Tue, 28 June 2016

(ShareCast News) - European Central Bank president Mario Draghi has expressed "sadness" over Britain's decision to leave the European Union. In his first remarks following the results of the referendu... [more]

US May trade deficit points to weakness in parts of economy

Mon, 27 June 2016

(ShareCast News) - The US trade deficit increased by more than economists had expected in May, which was a possible indication of weakness in parts of the US economy according to some economists. Amer... [more]

Flat US services PMI suggests no rush for Fed rate hike

Mon, 27 June 2016

(ShareCast News) - Activity in the US services sector failed to rally as hoped in June, according to data released on Monday, suggesting that the economy's underlying rate of growth remains lowly and ... [more]

Business groups lobby for access to the single market in Brexit talks

Mon, 27 June 2016

(ShareCast News) - Business groups are to meet with the business secretary on Tuesday to lobby for assurances in Brexit negotiations to secure Britain's industrial future and to avoid economic limbo. ... [more]

Merkel appears to rule out informal Brexit talks

Mon, 27 June 2016

(ShareCast News) - German Chancellor Angela Merkel on Monday said she could not allow an extended 'waiting game' with the UK and appeared to rule out the possibility of holding 'informal' negotiations... [more]

Stay cautious, but FTSE 100 remains 'overweight', JP Morgan says

Mon, 27 June 2016

(ShareCast News) - The consequences of Brexit would be long-lasting as there were no easy or quick remedies for the shift towards 'anti-establishment' politics over the past few years, which the finan... [more]

Yield on 10-year Gilts drops below 1.0% for first time ever

Mon, 27 June 2016

(ShareCast News) - The yield on the benchmark 10-year Gilt dropped below 1.0% for the first time ever as markets continued to adjust to the new risk scenario following Brexit. Despite some 'market-cha... [more]

MPs submit motion of no confidence in Corbyn

Fri, 24 June 2016

(ShareCast News) - Labour party leader Jeremy Corbyn is facing a motion of no confidence after the UK voted to leave the European Union on Friday. Veteran Labour MPs Dame Margaret Hodge and Ann Coffey... [more]

US consumer confidence dips in June, University of Michigan says

Fri, 24 June 2016

(ShareCast News) - US consumer sentiment dipped by a little bit more than economists had been expecting in June, but the data continued to point to a moderate rate of growth in consumer spending, acco... [more]

Federal Reserve stands ready to provide liquidity if needed

Fri, 24 June 2016

(ShareCast News) - The Federal Reserve was "monitoring developments" in global financial markets, in co-operation with other central banks, following the result of the UK's referendum, the US central ... [more]

US durable goods orders fall more than expected in May

Fri, 24 June 2016

(ShareCast News) - A widely-followed lead indicator for spending on investment declined more sharply than expected in May, highlighting one of the main areas of weakness in the US economy currently, a... [more]

Brexit: Result will be 'credit negative' for UK - Moody's, Fitch

Fri, 24 June 2016

(ShareCast News) - The UK's decision to leave the European Union would be "credit negative" for sovereign and other related entities and most sectors in the country, two ratings agencies said on Frida... [more]

Swiss central bank intervenes to cut franc

Fri, 24 June 2016

(ShareCast News) - The Swiss National Bank (SNB) acted quickly in the currency markets after the UK voted for a Brexit from the European Union, sending the pound plummeting and l money flow to the tra... [more]

Asian markets crash as Brexit eyed, yen strengthens as Kurdo 'carefully monitors'

Fri, 24 June 2016

(ShareCast News) - Asian stock markets were in turmoil on Friday morning, a vision of the future for the European open, as the UK appeared to be on the verge of a Brexit from the EU, causing consterna... [more]

Sterling smashed as Leave lead grows and BBC calls Brexit

Fri, 24 June 2016

(ShareCast News) - Sterling was down almost 10% against the dollar and 6% lower versus the euro on Friday morning as, with more than half of referendum results counted, Britain looked to have voted to... [more]

UK population growth surpasses half-a-million in 2015, ONS says

Thu, 23 June 2016

(ShareCast News) - The population of the UK grew by more than half a million in 2015 to reach 65.1m, according to the latest official estimates. Net migration accounted for almost two thirds of the in... [more]

Obama's fracking rule blocked by judge

Thu, 23 June 2016

(ShareCast News) - A US federal judge has blocked an Interior Department rule, which was to set strict standards for hydraulic fracturing for oil and gas on public lands, in a blow to Barack Obama. Wy... [more]

German cinema gunman shot dead by police, no fatalities

Thu, 23 June 2016

(ShareCast News) - A masked gunman opened fire on a cinema complex near Frankfurt in Germany and was shot dead by police. There were no fatalities but about 25 people were affected by CS tear-gas used... [more]

US new home sales fall more than expected in May

Thu, 23 June 2016

(ShareCast News) - Sales of new US single-family homes declined more than expected in May, official data released on Thursday showed. According to figures from the Commerce Department, new homes sales... [more]