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Depending on data two rate hikes possible in 2016, Fed's Fischer says

Depending on data two rate hikes possible in 2016, Fed's Fischer says

Fri, 26 August 2016

(ShareCast News) - Even two rate hikes before 2016 was out were possible, a top US central bank official said. Following US Federal Reserve chair Janet Yellen's speech earlier in the day, her number t... [more]

FX round-up: US dollar catapulted north after Yellen's Wyoming words

FX round-up: US dollar catapulted north after Yellen's Wyoming words

Fri, 26 August 2016

(ShareCast News) - The US dollar was catapulted north on most crosses after US Federal Reserve chair Janet Yellen said the case for an interest-rate hike had strengthened in recent months. Taking the ... [more]

Commodities: Yellen's Jackson Hole soapbox herds crude, metals higher

Commodities: Yellen's Jackson Hole soapbox herds crude, metals higher

Fri, 26 August 2016

(ShareCast News) - Metals and crude futures surged higher as US Federal Reserve chair Janet Yellen said the case for a hike in US interest rates had strengthened in recent months. Taking the soapbox a... [more]

Case for US interest-rate hike has strengthened, says Fed's Yellen

Case for US interest-rate hike has strengthened, says Fed's Yellen

Fri, 26 August 2016

(ShareCast News) - The case for an increase in US interest rates has strengthened in recent months, US Federal Reserve chair Janet Yellen said. Nevertheless, the outlook was "uncertain" and policy was... [more]

US real GDP growth seen at 2% in H2 2016 by Barclays Research

US real GDP growth seen at 2% in H2 2016 by Barclays Research

Fri, 26 August 2016

(ShareCast News) - US real gross domestic product looks good to hit 2% in second-half 2016, says Barclays Research after Friday's rise in second-quarter US gross domestic product (GDP). US Bureau of E... [more]

US consumer sentiment eases in August

Fri, 26 August 2016

(ShareCast News) - Consumer sentiment in the US unexpectedly deteriorated in August, according to final figures released on Friday. The University of Michigan's final reading of the consumer sentiment... [more]

Fed officials wary of recession risk if they fall behind the curve

Fri, 26 August 2016

(ShareCast News) - US central bankers told community protesters they needed to tighten policy when inflation accelerated, lest they risk another recession. Eight regional Fed presidents and two govern... [more]

Rate hike path will be much flatter, Fed's Kaplan says

Fri, 26 August 2016

(ShareCast News) - The case for removing some accommodation had strengthened, but within the context of a "much flatter" path for tightening in the future, a top US central bank official said. In rema... [more]

September might be a good time to raise rates, Fed's Bullard says

Fri, 26 August 2016

(ShareCast News) - September might be a good time to raise interest rates, the president of the Federal Reserve bank of St.Louis told CNBC. The broadcaster also reported that James Bullard refused to ... [more]

Brent crude oil futures will hit $70 per barrel in June 2017, BofA says

Fri, 26 August 2016

(ShareCast News) - Crude oil prices were set for a large move higher in 2017 as demand from emerging market economies makes up for a slowdown from OECD nations, analysts at Bank of America-Merrill Lyn... [more]

Eurozone narrow money supply growth reaches 19-month low in July

Fri, 26 August 2016

(ShareCast News) - Money supply growth in the euro area slowed to its lowest pace in 19 months in July, reflecting slower economic activity, leaving economists somewhat divided on the outlook for tren... [more]

Germans euphoric about their income prospects in August, GfK says

Fri, 26 August 2016

(ShareCast News) - Germans' were euphoric about the prospects for their own incomes in August, whetting their appetite for more consumption, the results of a widely-followed survey revealed. GfK's con... [more]

French consumer confidence edges higher in August

Fri, 26 August 2016

(ShareCast News) - French consumer confidence edged higher in August, with people judging that their personal financial situation had improved in the recent past. INSEE's barometre of consumer spirits... [more]

FX round-up: Sterling dips as market looks to Yellen's Friday soapbox

Thu, 25 August 2016

(ShareCast News) - Sterling lost some of its attitude against main rivals on Thursday, but remains overall ahead for the week and ahead of US Federal Reserve chair Janet Yellen's Jackson Hole soapbox ... [more]

Case for interest rate hike is strengthening, Fed's Kaplan says

Thu, 25 August 2016

(ShareCast News) - The case for an interest rate hike was strengthening, a top US central bank official. However, in remarks to CNBC the president of Federal Reserve bank of Dallas, Robert Kaplan, ref... [more]

Upside surprise in US durable goods orders for July

Thu, 25 August 2016

(ShareCast News) - A key gauge of demand for investment goods shot higher in July, partly as a result of a surge in orders for aircraft. US durable goods orders, defined as those meant to last for mor... [more]

Markit's flash US services PMI unexpectedly drops in August

Thu, 25 August 2016

(ShareCast News) - Markit's flash US services purchasing managers' index printed at 50.9 in August, remaining above the 50.0 threshold that separates contraction from expansion but below July's 51.4. ... [more]

US jobless claims unexpectedly decline

Thu, 25 August 2016

(ShareCast News) - The number of Americans filing for unemployment benefits unexpectedly fell last week, according to the Labour Department. US initial jobless claims declined by 1,000 from the previo... [more]

Fed's George says it's time to raise rates, CNBC reports

Thu, 25 August 2016

(ShareCast News) - It was time to raise interest rates, albeit gradually, the president of the US Federal Reserve bank of Kansas City, Esther George, told CNBC. In an interview with the broadcaster, G... [more]

Spanish Q2 export jump delivers GDP boost

Thu, 25 August 2016

(ShareCast News) - Spain's gross domestic product expanded at a slightly slower in the second quarter of the year, as government spending registered a sharp contraction. The Mediterranean country's gr... [more]

German Ifo business confidence unexpectedly deteriorates

Thu, 25 August 2016

(ShareCast News) - German business confidence unexpectedly deteriorated in August, according to a widely-followed survey. The Ifo Institute's business climate index fell to 106.2 from 108.3 in July, m... [more]

US warns Europe over Apple tax probe

Thu, 25 August 2016

(ShareCast News) - The US has warned the European Commission about demanding billions of dollars over tax avoidance allegations against Apple and other American multinationals. The US Treasury departm... [more]

FX round-up: Sterling gains amid resources rout

Wed, 24 August 2016

(ShareCast News) - Sterling turned in solid performances on most major crosses on Wednesday against a backcloth of falling gold and oil prices, but pundits remain wary on the British unit's future cou... [more]

Commodities: Shock US oil inventories send crude spiralling lower

Wed, 24 August 2016

(ShareCast News) - Crude-oil futures were firmly under the hammer late on Wednesday as successive US inventory data shocked the market, casting a depressing pall over UK and US equities markets. At ab... [more]

Oil prices tank as US weekly crude inventories rise unexpectedly

Wed, 24 August 2016

(ShareCast News) - Oil prices tanked on Wednesday after official data showed an unexpected increase in US weekly crude inventories. The Energy Information Administration said crude inventories rose 2.... [more]