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FX round-up: Pound higher versus euro for the week

FX round-up: Pound higher versus euro for the week

Fri, 30 September 2016

(ShareCast News) - Trading in futures markets was quite restrained at the end of the week, although some market commentary took note of the first weekly rise in the pound versus the European single cu... [more]

US consumer confidence edges higher in September

US consumer confidence edges higher in September

Fri, 30 September 2016

(ShareCast News) - Consumer confidence in the US stood its ground thanks to a large improvement in expectations. The University of Michigan's consumer confidence index for September improved from 89.8... [more]

Chicago PMI rises more than expected in September

Chicago PMI rises more than expected in September

Fri, 30 September 2016

(ShareCast News) - Economic activity in the Chicago area improved more than expected in September. The Chicago Purchasing Managers' index rose to 54.2 from 51.5 in August, beating expectations for a r... [more]

US personal consumption slows more than expected in August

US personal consumption slows more than expected in August

Fri, 30 September 2016

(ShareCast News) - Consumer spending was slightly lower than expected in August, alongside larger-than-expected increases in prices. Personal incomes rose by 0.2% month-on-month in August, according t... [more]

Philippines President compares his war against drugs to the Holocaust

Philippines President compares his war against drugs to the Holocaust

Fri, 30 September 2016

(ShareCast News) - President of the Philippines Rodrigo Duterte drew a parallel between himself and Hitler saying he will happily "slaughter" three million drug dealers on Friday, Reuters reported. "H... [more]

Japan CPI falls again as households cut spending despite BOJ plans

Fri, 30 September 2016

(ShareCast News) - Japan saw its sixth consecutive month of falling core consumer prices in the year to August, which poses a challenge for the Bank of Japan's relaunched stimulus campaign.. Household... [more]

Eurozone unemployment rate steady in August

Fri, 30 September 2016

(ShareCast News) - The eurozone unemployment rate was steady compared to the previous month at 10.1% in August, according to the latest figures from Eurostat. This was a touch weaker than expectations... [more]

Eurozone inflation doubles in September

Fri, 30 September 2016

(ShareCast News) - Inflation in the eurozone doubled in September to 0.4%, in line with expectations, as the impact of weaker energy prices began to fade, according to a flash estimate from Eurostat. ... [more]

Chinese manufacturing growth edges higher in September

Fri, 30 September 2016

(ShareCast News) - China´s manufacturing sector growth edged higher in September, amid stable new business from abroad. The Caixin purchasing managers´ index rose from 50.0 in August to 50.1 in Septem... [more]

Atlanta Fed president expects another rate hike before long

Thu, 29 September 2016

(ShareCast News) - The US central bank was right to leave its main policy settings unchanged when it last met, although another tightening move should be expected "before long", the head of its Atlant... [more]

Eurozone economic confidence rises more than expected in September

Thu, 29 September 2016

(ShareCast News) - Eurozone economic sentiment rose more than expected in September, driven by improvement in the bloc's biggest economies. The European Commission's economic sentiment index edged up ... [more]

US initial jobless claims rise less than forecast

Thu, 29 September 2016

(ShareCast News) - Jobless claims rose less than expected last week, according to the Labor Department on Thursday. Initial jobless claims rose by 3,000 to a seasonally adjusted 254,000 in the week en... [more]

US pending home sales unexpectedly drop in August

Thu, 29 September 2016

(ShareCast News) - US pending home sales unexpectedly declined in August, according to data from the National Association of Realtors (NAR). The NAR's monthly index fell 2.4% to 108.5 from a downwardl... [more]

US GDP grew more quickly than expected in Q2

Thu, 29 September 2016

(ShareCast News) - The US economy accelerated slightly over the three months to June, boosted by a big jump in consumption and with the other details of the report painting a more balanced picture of ... [more]

Italian Prime Minister warns UK will not get special treatment post Brexit

Thu, 29 September 2016

(ShareCast News) - Italian Prime Minister Matteo Renzi has said it is "impossible" to give Britain more rights than any other non-EU member state once it leaves the European Union. In an interview wit... [more]

India launches strikes in Pakistan controlled Kashmir

Thu, 29 September 2016

(ShareCast News) - India's army said it carried out "surgical strikes" overnight against suspected militants across its de facto border with Pakistan in Kashmir, as Pakistan reported that two of its s... [more]

Donald Trump's net worth drops $800m in last year

Thu, 29 September 2016

(ShareCast News) - US presidential candidate Donald Trump has lost as much as $800m during the last year, according to an investigation carried out by Forbes. Trump has repeatedly cited his business p... [more]

Commerzbank to announce 9,600 job cuts and suspend dividend

Thu, 29 September 2016

(ShareCast News) - Troubled German lender Commerzbank will reduce its workforce by 20% in the next few years by cutting 9,600 jobs, in an attempt to cut costs and boost profitability. In addition, the... [more]

German unemployment unexpectedly increases in September

Thu, 29 September 2016

(ShareCast News) - German unemployment unexpectedly rose in September, although the unemployment rate remained at a record low, according to data released by the Federal Statistics Office. The unemplo... [more]

OPEC deal could boost oil prices but uncertainty remains: Goldman Sachs

Thu, 29 September 2016

(ShareCast News) - Goldman Sachs has said that a deal agreed by the Organization of Petroleum Exporting Countries to cut oil production is likely to prop up prices for the short term at least, but has... [more]

China's decline in services offsets manufacturing growth in economy

Thu, 29 September 2016

(ShareCast News) - China's economy is not as healthy as recent data suggests with growth coming from manufacturing and property being overtaken by services and retail tapering off, Reuters reported on... [more]

FX round-up: Oil exporters' currencies gain

Wed, 28 September 2016

(ShareCast News) - Cable was little changed despite indications from a top BoE official that further monetary easing might be in the offing, slipping to 1.3019 from 1.3023 in the previous session. Act... [more]

OPEC reaches deal to cut output, oil futures storm higher

Thu, 29 September 2016

(ShareCast News) - In a surprise move, the Organisation for Petroleum Exporting Countries's members reached an agreement - for the first time in eight years - to cut output. Reports indicated OPEC had... [more]

Reports suggesting OPEC agreement possible send Brent futures higher

Wed, 28 September 2016

(ShareCast News) - Reports referencing Libyan officials said an agreement from OPEC producers on oil output might yet be reached on Wednesday, sending crude oil futures promptly higher. As of 1737 BST... [more]

US crude oil inventories slip in latest week

Wed, 28 September 2016

(ShareCast News) - US crude oil inventories slipped during the latest reference week, amid a moderate decline for imports. Stockpiles of commercial crude oil in the States dropped by 1.9m barrels over... [more]