Login/Register

Economic News News

Economic news

FX round-up: Sterling up on UK retail data as dollar drops after Fed's jawboning

FX round-up: Sterling up on UK retail data as dollar drops after Fed's jawboning

Thu, 23 February 2017

(ShareCast News) - Sterling firmed on key crosses Thursday, helped up by a slight improvement in UK retail-sales figures, a widely weaker dollar on perceived Federal Reserve jawboning and lingering Eu... [more]

US Treasury secretary Mnuchin vows 'very significant' tax reform by August

US Treasury secretary Mnuchin vows 'very significant' tax reform by August

Thu, 23 February 2017

(ShareCast News) - Donald Trump's newly appointed Treasury secretary Steven Mnuchin has said that 'very significant' tax reforms will be in place in the US by August. Mnuchin, the former Goldman Sachs... [more]

Neil Woodford launching new income-focused fund

Neil Woodford launching new income-focused fund

Thu, 23 February 2017

(ShareCast News) - Star fund manager Neil Woodford has revealed a few more details about a new income fund that he will manage alongside his popular existing funds, which attracted record inflows on l... [more]

Commodities: Crude surges on drop in US supplies as gold rises, dollar falls

Commodities: Crude surges on drop in US supplies as gold rises, dollar falls

Thu, 23 February 2017

(ShareCast News) - Crude-oil futures raced ahead Thursday after overnight American Petroleum Institute figures revealed a drop in US supplies of the black liquid. At 15:37 GMT, Nymex-priced West Texas... [more]

US initial jobless claims rise more than expected

US initial jobless claims rise more than expected

Thu, 23 February 2017

(ShareCast News) - The number of Americans filing for unemployment benefits rose more than expected last week, according to data from the Labor Department. US initial jobless claims were up 6,000 from... [more]

UK retail sales rebound in February, CBI finds

Thu, 23 February 2017

(ShareCast News) - UK retail sales rebounded slightly in February after slipping at the beginning of the year, according to the CBI's Distributive Trades Survey. The survey showed a balance of 9% more... [more]

FX round-up: Sterling, dollar lower as markets anticipate FOMC minutes

Wed, 22 February 2017

(ShareCast News) - Sterling was mostly lower Wednesday as mixed UK economic data reinvigorated Brexit nerves in the market, with investors' attentions now on the Federal Open Market Committee (FOMC) m... [more]

London close: FTSE up as Lloyds, Barratt lead blue chips higher

Wed, 22 February 2017

(ShareCast News) - Shares in London ended Wednesday on a mixed note after confirmation the UK saw better than expected economic growth at the end of 2016, with blue chips benefiting from a softer ster... [more]

Theresa May promises 'relief' for small businesses, stops short of cash pledge

Wed, 22 February 2017

(ShareCast News) - British Prime Minister Theresa May has reassured business affected by rates rises related to property valuations that there will be "appropriate relief" given to those worst hit, bu... [more]

Brexit without new trade deal for UK would be 'insane' - Sir Ivan Rogers

Wed, 22 February 2017

(ShareCast News) - Britain's former trade envoy to the EU has slammed the prospect of Brexit without a new trade deal in place as "insane," with markets having sweated for months about the UK's prospe... [more]

US existing home sales rise more than expected in January

Wed, 22 February 2017

(ShareCast News) - Sales of US existing homes rose more than expected in January, to a 10-year high, according to data from the National Association of Realtors. Sales were up 3.3% to a seasonally-adj... [more]

Eurozone inflation confirmed at 1.8% for January

Wed, 22 February 2017

(ShareCast News) - Inflation in the eurozone rose 1.8% in January compared to a 1.1% jump the month before and close to the European Central Bank's target of just below 2%, data from Eurostat confirme... [more]

UK Q4 growth revised up to 0.7%

Wed, 22 February 2017

(ShareCast News) - The UK economy grew more than initially estimated in the fourth quarter of last year, according to data from the Office for National Statistics. Gross domestic product was up 0.7% i... [more]

German Ifo business confidence unexpectedly improves in February

Wed, 22 February 2017

(ShareCast News) - German business confidence unexpectedly improved in February, according to a widely-followed survey. The Ifo Institute's business climate index rose to 111.0 from 109.9 in January, ... [more]

Commodities: Crude soars as Opec official signals potential for more measures to curb glut

Tue, 21 February 2017

(ShareCast News) - Crude-oil futures raced ahead Tuesday as a key Opec official said more measures may be needed to curb a persistent global glut of the black liquid, while a stronger dollar weighed o... [more]

US private sector growth slows in February

Tue, 21 February 2017

(ShareCast News) - Markit's flash US composite output index - which measures activity in the services and manufacturing sectors - fell to 54.3 in February from 55.8 the previous month. Still, this was... [more]

BoE's Haldane warns market of rate-hike expectation dangers

Tue, 21 February 2017

(ShareCast News) - Bank of England chief economist Andy Haldane warned that a spike in market expectations for a central bank interest-rate hike may harm the UK economy, against the already challengin... [more]

UK public sector borrowing in £9.4bn surplus last month

Tue, 21 February 2017

(ShareCast News) - UK public sector net borrowing was in surplus by £9.4bn in January - a key month for income tax receipts - up a touch from £9.1bn in the same month a year ago. This was the highes... [more]

Eurozone business activity jumps in February

Tue, 21 February 2017

(ShareCast News) - The pace of economic activity in the eurozone unexpectedly improved in February, nearing a six-year high, according to data released on Tuesday. Markit's flash composite purchasing ... [more]

Britons increasingly concerned about the economy, Nielsen says

Tue, 21 February 2017

(ShareCast News) - Concerns about the economy rose above those about terrorism or immigration as the date for Brexit negotiations to kick-off loomed closer on the horizon, the results of a survey show... [more]

FX round-up: Sterling firms as House of Lords' Brexit discussion begins

Mon, 20 February 2017

(ShareCast News) - Sterling was overall firmer Monday as UK's House of Lords began discussing Prime Minister Theresa May's Brexit Bill, perhaps suggesting a curious sense of hope, while the US dollar ... [more]

London close: Monday malaise stifles FTSE as House of Lords debates Brexit bill

Mon, 20 February 2017

(ShareCast News) - Equities in London turned in a Monday performance laden with malaise, with Unilever a notable faller as its bid premium evaporated, the US was closed for Presidents Day holiday and ... [more]

Sterling rises as House of Lords' Brexit Bill discussion nears

Mon, 20 February 2017

(ShareCast News) - Sterling has enjoyed a modest uptick on numerous key crosses Monday as the clock ticks closer to the UK House of Lords beginning to discuss Prime Minister Theresa May's Brexit Bill ... [more]

UK government has no intention of reversing out of Article 50 once triggered

Mon, 20 February 2017

(ShareCast News) - UK Prime Minister Theresa May's Tory government has no intention of reversing its formal intention to quit the European Union, once it has been given, a report says. May's governmen... [more]

UK industrial orders and input prices rise in February, CBI finds

Mon, 20 February 2017

(ShareCast News) - UK manufacturer's order books climbed to a two-year high, according to the CBI's industrial trends survey for February. The balance of total orders over the three months was +8, up ... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Shire Plc Ads 185.44 2.45 21:15
Ctrip.Com International Ltd. Ads 48.28 1.45 21:59
Paychex Inc. 60.41 1.36 21:58
Automatic Data Processing Inc. 101.64 1.21 21:58
Intuit Inc. 120.70 1.06 22:06

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Nvidia Corp. 100.49 -9.27 22:09
Tesla Inc 255.99 -6.41 22:10
TripAdvisor Inc. 43.46 -4.59 21:58
Regeneron Pharmaceuticals Inc. 360.96 -2.50 22:00
Liberty Interactive Corporation QVC Group 20.06 -2.34 21:45