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Economic news

Brexit, Trump victory did not discourage European IPOs, says Mergermarket

Brexit, Trump victory did not discourage European IPOs, says Mergermarket

Fri, 20 January 2017

(ShareCast News) - The Brexit vote and Donald Trump's surprise US election victory did not discourage initial public offerings in Europe for long, according to analysts at Mergermarket, as several lar... [more]

UK retail sales fall more than expected in December, ONS reveals

UK retail sales fall more than expected in December, ONS reveals

Fri, 20 January 2017

(ShareCast News) - UK retail sales in December fell the most since April 2012 as an increase in average store prices deterred shoppers, official data revealed on Friday. The Office for National Statis... [more]

Ten ways markets could surprise us this year - Credit Suisse

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]

China GDP accelerates sharply in Q4, official data questioned

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

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]

Energy prices at a two-year high, says Ofgem

Thu, 19 January 2017

(ShareCast News) - Energy prices have risen this month to a two-year high according to the office of gas and electricity markets (Ofgem). Ofgem's Supplier Cost Index, which measures trends in wholesal... [more]

Take bank threats to leave Brexit London 'with dose of scepticism'

Thu, 19 January 2017

(ShareCast News) - While warnings by financial institutions that they will shift jobs away from London due to Brexit poses a risk the country's economy and commercial property markets, there was a cal... [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]

Goldman Sachs to move half its London bankers to Frankfurt

Thu, 19 January 2017

(ShareCast News) - Giant investment bank Goldman Sachs plans to move 1,000 of its City of London traders and bankers to Frankfurt when the UK exits from the European Union, according to reports in Ger... [more]

Britain to be 'global leader in trade' post-Brexit, says Theresa May

Thu, 19 January 2017

(ShareCast News) - Prime Minister Theresa May told world leaders on Thursday that a post-Brexit Britain will be a leader in trade and that the country would "step up to a new leadership role" after it... [more]

UK housing market activity falls in December, RICS says

Thu, 19 January 2017

(ShareCast News) - Britain's housing market "stuttered" in December as price growth slowed and the number of sales fell, according to a widely followed survey on Thursday. The Royal Institution of Cha... [more]

HSBC confirms plans for partial exit from London due to Brexit

Wed, 18 January 2017

(ShareCast News) - HSBC will need to move roughly 1,000 London jobs to its Paris office due to Brexit, the bank's chief executive Stuart Gulliver confirmed on Wednesday. Following Theresa May's confir... [more]

Eurozone inflation rises as expected in December

Wed, 18 January 2017

(ShareCast News) - Inflation in the 19 countries that share the euro rose as expected in December, according to final data released by Eurostat on Wednesday. Consumer prices were up 1.1% on the year, ... [more]

UK unemployment inches lower, wage growth accelerates

Wed, 18 January 2017

(ShareCast News) - UK wage growth climbed as the unemployment rate was supported by a rise in inactivity, according to official data released on Wednesday, and the more timely claimant count measure d... [more]

Walmart to create 10,000 US jobs as Trump shadow looms

Tue, 17 January 2017

(ShareCast News) - Another major US multinational business has pledged to create jobs in the country, with retail giant Walmart saying it plans to add 10,000 positions over the coming year. Walmart is... [more]

May confirms 'hard Brexit' though final plan will face vote in parliament

Tue, 17 January 2017

(ShareCast News) - Theresa May confirmed the UK will seek a new free-trade agreement rather than membership of the European Union's single market when it leaves the European Union, but said the final ... [more]

UK health spending 'unsustainable' unless policy changes - OBR

Tue, 17 January 2017

(ShareCast News) - The Office for Budget Responsibility has warned the UK budget will be harder to balance due to the rising health care costs, with public spending needing to rise by £156bn in coming... [more]

House purchase lending continues to grow in November, CML reveals

Tue, 17 January 2017

(ShareCast News) - House purchasing lending in the UK rose 5% to £11bn in November from a month ago as prices continued to rise, according to the Council of Mortgage Lenders on Tuesday. Compared to th... [more]

Trump criticises House Republicans corporate tax plans

Tue, 17 January 2017

(ShareCast News) - Republican plans to reform corporate tax in the United States have been labelled "too complicated" by President-elect Donald Trump, risking further hostility between him and his par... [more]

German ZEW economic sentiment improves less than expected in January

Tue, 17 January 2017

(ShareCast News) - German economic sentiment improved less than expected in January, according to the latest survey from the ZEW Center for European Economic Research in Mannheim. The index of economi... [more]

ONS house price index rebounds for first time since Brexit vote

Tue, 17 January 2017

(ShareCast News) - UK house prices rose in November for the first time since July, according to the Office for National Statistics on Tuesday. ONS's House Price Index data, which is based on mortgage ... [more]

UK inflation surges more than expected, ONS reveals

Tue, 17 January 2017

(ShareCast News) - UK inflation surged more than expected to 1.6% by the end of December, according to official data published on Tuesday, the highest level since July 2014. The Office for National St... [more]

IMF upgrades 2017 UK growth forecast, lowers 2018 view

Mon, 16 January 2017

(ShareCast News) - The world's financial watchdog revised its forecast for economic growth in Britain higher for 2017. In an update of its World Economic Outlook, the Washington-based lender pegged th... [more]

Ex-Fed boss Bernanke says Trump's views on China don't 'fit with reality'

Mon, 16 January 2017

(ShareCast News) - Ben Bernanke, the former head of the US Federal Reserve, has dismissed claims from president-elect Donald Trump that China is a currency manipulator. Bernanke served as head of the ... [more]