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Economic News News

Economic news

Bidders line up for City Airport

Bidders line up for City Airport

Sun, 30 August 2015

(ShareCast News) - The battle for London City Airport was hotting up over the weekend amid reports Toronto-based pension fund Borealis Infrastructure and German insurance group Allianz have submitted ... [more]

Challenger banks to meet with Treasury over new corporation tax surcharge

Challenger banks to meet with Treasury over new corporation tax surcharge

Sun, 30 August 2015

(ShareCast News) - A group of the UK's biggest challenger banks are preparing to meet with Treasury officials in an attempt to persuade chancellor George Osborne to scrap the new corporation tax surch... [more]

BoE chief rumoured to be top candidate for FCA role

BoE chief rumoured to be top candidate for FCA role

Sun, 30 August 2015

(ShareCast News) - The chancellor will this week begin his search to replace Martin Wheatley as head of the Financial Conduct Authority, with the Bank of England's chief economist said to be the curre... [more]

Interest rate decision 'unlikely' to be affected by China slowdown, Carney says

Interest rate decision 'unlikely' to be affected by China slowdown, Carney says

Sun, 30 August 2015

(ShareCast News) - The decision of when to raise interest rates is "unlikely" to be delayed by the slowdown in China and recent dramatic decline seen on stock markets around the globe, the Bank of Eng... [more]

Uni Michigan confidence falls below expectations in August

Uni Michigan confidence falls below expectations in August

Fri, 28 August 2015

(ShareCast News) - The University of Michigan confidence indicator declined unexpectedly in August, figures released on Friday showed. The index dropped from 92.9 to 91.9, against expectations for a 9... [more]

Supermarket sales volumes fall in August says Nielsen

Fri, 28 August 2015

(ShareCast News) - The volumes of UK supermarket sales in recent weeks fell for the first time since December, with Tesco, Sainsbury and Morrison all losing market share to discount stores. Accordin... [more]

UK consumer confidence back at January 2000 high

Fri, 28 August 2015

(ShareCast News) - Bolstered by rising house price inflation and improved employment prospects, UK consumers now believe the economic recovery is for real, according to the results of a widely followe... [more]

UK GDP meets expectations in second quarter

Fri, 28 August 2015

(ShareCast News) - The UK economy grew in line with expectations in the second quarter, figures released on Friday showed. Britain's GDP grew 0.7% quarter-on-quarter in the three months to the end of ... [more]

Moody's revises G20 growth forecast down to 2.8% in 2016

Fri, 28 August 2015

(ShareCast News) - Moody's has revised its forecast for gross domestic product growth in the G20 economies down to 2.8% in 2016, from 3.1%. The revision mainly reflects the impact of a more marked slo... [more]

Ukraine and main creditors agree 20% debt writedown

Thu, 27 August 2015

(ShareCast News) - Ukraine and its main creditors have reached a deal that will see 20% of the country's debit written down. According to Bloomberg, Kiev and its international creditors signed the agr... [more]

Diesel cheaper than gasoline for the first time since 2001

Thu, 27 August 2015

(ShareCast News) - A flood of imported diesel pushed its price below that of gasoline for the first time since 2001, making cheaper for UK motorists to fill their tanks with diesel and reducing the co... [more]

UK house prices cool down in August, but respite may be only temporary

Thu, 27 August 2015

(ShareCast News) - House price growth in Britain cooled in August, according to the results of one of the most widely followed surveys, but the respite might only be temporary. The price of a home inc... [more]

Case for September rate hike less compelling, Fed´s Dudley says

Wed, 26 August 2015

(ShareCast News) - Instability in global capital markets made the case for a September interest rate hike by the US central bank "less compelling" a Fed official said on Wednesday afternoon. In an eag... [more]

UK retail sales volumes continue to grow at brisk pace in August

Wed, 26 August 2015

(ShareCast News) - UK retail sales volumes continued to grow at a brisk pace in August with further strength envisioned in September, according to the results of a widely followed survey. The Confeder... [more]

House purchase lending in London still below 2014 levels in July, CML says

Wed, 26 August 2015

(ShareCast News) - House purchase lending in London in the second quarter of 2015 overcome a seasonal dip but remained lower than last year, figures released on Wednesday showed. According to the Coun... [more]

Mortgage approvals soar in July, BBA says

Wed, 26 August 2015

(ShareCast News) - Mortgage approvals increased significantly in July, figures released on Wednesday showed. According to the British Bankers' Association (BBA), overall mortgage approvals rose 15% ye... [more]

People's Bank of China set to inject 140bn yuan into the economy

Wed, 26 August 2015

(ShareCast News) - The People's Bank of China is expected to inject 140bn yuan (£13.9bn) in the country's economy, in a bid to generate momentum in what a market that has progressively slowed down ove... [more]

US consumer confidence beats expectations in August

Tue, 25 August 2015

(ShareCast News) - US consumer confidence jumped from 90.9 to 101.5 in August, well ahead of expectations for a 93.4 reading The figure is the second-highest consumer confidence reading since the rece... [more]

New York Stock Exchange implements Rule 48 for second day

Tue, 25 August 2015

(ShareCast News) - The New York Stock Exchange invoked Rule 48 for the second day in a row on Tuesday, allowing it to begin trading in stocks without providing indications as intense futures activity ... [more]

Goldman Sachs sees S&P 500 at 2,100 by year-end

Tue, 25 August 2015

(ShareCast News) - Goldman Sachs expects the S&P 500 to rise by 11% to reach 2,100 at year-end. "Such a rebound would echo the trading pattern exhibited in 1998 when US equities rallied and largely ig... [more]

China cuts interest rates for fifth time since November

Tue, 25 August 2015

(ShareCast News) - The People's Bank of China has cut interest rates for the fifth time since November in a bid to boost its slowing economy. The PBoC lowered its benchmark lending and deposit rates b... [more]

New York Stock Exchange invokes Rule 48 as stocks plunge

Mon, 24 August 2015

(ShareCast News) - The selling was so intense in the futures markets before the open that the New York Stock Exchange invoked Rule 48 for the start of trading on Monday, which allows the NYSE to begin... [more]

US open: Dow plunges over 1,000 points at opening bell as global selloff intensifies

Mon, 24 August 2015

(ShareCast News) - US stocks plunged early on Monday, on the back of a major selloff that saw Chinese stocks plunge to their lowest level since 2007. Just before 1500 BST, the Dow Jones Industrial Ave... [more]

UBS trims Eurozone growth forecasts but says recovery still on track

Mon, 24 August 2015

(ShareCast News) - UBS made some modest downgrades to its Eurozone growth forecasts on Monday, but insisted the recovery is still on track. The Swiss bank cut its gross domestic product forecast to 1.... [more]

Osborne concerned by situation in Asian markets

Mon, 24 August 2015

(ShareCast News) - Policymakers worldwide stood up and took notice after Monday's downdraft in Chinese stocks spread to other Asian markets and led to renewed weakness in emerging market currencies. F... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Staples Inc. 14.10 2.58 16:01
Keurig Green Mountain Inc 55.41 2.40 16:01
Sandisk Corp. 53.02 1.43 16:01
Google Inc. Class C 635.28 0.78 16:01
Tesla Motors Inc 250.12 0.66 16:01

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Wynn Resorts Ltd. 76.01 -2.80 16:01
Celgene Corp. 120.71 -2.68 16:01
Netflix Inc. 114.84 -2.37 16:01
Regeneron Pharmaceuticals Inc. 525.20 -2.14 16:01
Discovery Communications Inc. Class A 26.59 -1.92 16:01