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Economic News News

Economic news

UK referendum likely to be held on 23 June, Morgan Stanley says

UK referendum likely to be held on 23 June, Morgan Stanley says

Fri, 12 February 2016

(ShareCast News) - There is a relatively high chance that European Union heads of state can reach an agreement in time to call the UK referendum on continued EU membership by June, Morgan Stanley said... [more]

US import prices down 1.1% in January

US import prices down 1.1% in January

Fri, 12 February 2016

(ShareCast News) - US import prices fell for the seventh consecutive month in January, primarily on the back of lower fuel prices, data released by the Labor Department showed. The prices paid by the ... [more]

US retail sales rise more than expected in January

US retail sales rise more than expected in January

Fri, 12 February 2016

(ShareCast News) - US retail sales rose more than expected in January, according to data from the Commerce Department. Sales were up 0.2% on the month, driven by a large increase in non-store sales, b... [more]

Eurozone industrial production unexpectedly drops in December

Eurozone industrial production unexpectedly drops in December

Fri, 12 February 2016

(ShareCast News) - Industrial output in the Eurozone unexpectedly fell in December, with energy the biggest drag, data from Eurostat showed on Friday. Output was down 1% compared with a 0.5% drop in N... [more]

Eurozone GDP up as expected in fourth quarter

Eurozone GDP up as expected in fourth quarter

Fri, 12 February 2016

(ShareCast News) - Eurozone GDP grew 0.3% in the fourth quarter, in line with the previous quarter and economists' forecasts, according to a flash estimate from Eurostat. Compared with the same quarte... [more]

UK construction output rises as expected in December

Fri, 12 February 2016

(ShareCast News) - UK construction output rose in line with expectations in December, according to data from the Office for National Statistics. Output in the construction industry was estimated to ha... [more]

German fourth quarter GDP in line with expectations

Fri, 12 February 2016

(ShareCast News) - Gross domestic product in Germany grew 0.3% in the fourth quarter, in line with the previous quarter and economists' expectations, according to data from Destatis. "In a quarter-on-... [more]

Detection of gravitational waves confirms Einstein's theory of relativity

Thu, 11 February 2016

(ShareCast News) - Scientists have detected the presence of gravitational waves for the first time, proving part of Albert Einstein's 1915 theory of general relativity and opening up a new means of ob... [more]

One in ten train disruptions caused by staff shortages

Thu, 11 February 2016

(ShareCast News) - Around one in 10 delays and cancellations on Britain's railways were caused by shortages of staff, new data from the Office of Rail and Road revealed on Thursday. The figures showed... [more]

Only 3% of UK companies capable of delivering their own strategies, survey finds

Thu, 11 February 2016

(ShareCast News) - An industry survey found 97% of board members and their direct reports at organisations in the UK admitting they need new or additional skills to successfully deliver their strategi... [more]

Credit Suisse downgrades Derwent London and Great Portland on Brexit risks

Thu, 11 February 2016

(ShareCast News) - Recent underperformance by the listed UK real estate outfits focused on the London office market was the result of the upcoming vote on the country's continued membership of the Eur... [more]

Swiss central bank says no to currency floor, maybe to rate cuts

Thu, 11 February 2016

(ShareCast News) - Switzerland's central bank was not ruling out taking interest rates further into negative territory this week, as concerns about fresh volatility in the Eurozone had many worried th... [more]

Heathrow numbers up in January as airport vies for third runway

Thu, 11 February 2016

(ShareCast News) - Heathrow Airport was talking up its attributes on Thursday, as it released passenger statistics for the month of January and continued its persuasion efforts over Westminster's thir... [more]

US initial jobless claims fall more than expected

Thu, 11 February 2016

(ShareCast News) - The number of first time unemployment benefits claimants in the US fell more than expected last week, signalling a degree of resilience in the labour market. According to the Depart... [more]

BoJ intervenes for second time to weaken yen

Thu, 11 February 2016

(ShareCast News) - The Bank of Japan reportedly intervened for a second time this week on Thursday afternoon in a bid to weaken its currency. At approximately 12:28GMT, the BoJ intervened in the dolla... [more]

Buy-to-let investors flood market, pushing house prices up says RICS

Thu, 11 February 2016

(ShareCast News) - A shortage of homes is pushing prices up as buy-to-let investors flood the market, according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Surv... [more]

Sweden cuts interest rates by more than expected, Gilts jump

Thu, 11 February 2016

(ShareCast News) - Sweden's central bank trimmed its main policy interest rate on Thursday by more than had been expected, brushing aside worries of a housing market bubble and strong domestic demand ... [more]

UK's Brexit deal with EU hits opposition from France, eastern Europe

Thu, 11 February 2016

(ShareCast News) - The draft accord between the United Kingdom and the European Union on modifying the terms of Britain's membership ran into some opposition from France and a group of Eastern Europea... [more]

NIESR warns of drag on economy from weak international trade

Wed, 10 February 2016

(ShareCast News) - Britain's economy expanded at a slightly lower rate over the three months to January in comparison to the previous three-month stretch, according to one of the most influential thin... [more]

EU and US reach agreement on derivatives

Wed, 10 February 2016

(ShareCast News) - The European Union and the US have reached an agreement over derivatives that will see them adopt a "common approach" to clearing houses' requirements, ending a long-standing disput... [more]

UK industrial output falls more than expected in December

Wed, 10 February 2016

(ShareCast News) - Industrial production in the UK fell by more than economists were expecting, weighed down by output from the mining sector. Total output registered a decrease of 1.1% month-on-month... [more]

Citigroup suggests four hedges against Brexit

Wed, 10 February 2016

(ShareCast News) - Citigroup reckons there is a 20-30% risk of 'Brexit', perhaps even as high as 30-40%, so while it's not the bank's base case, it is "by no means a trivial risk". "The effects of Bre... [more]

JPMorgan expects ECB to cut deposit rate to -0.7% this year

Tue, 09 February 2016

(ShareCast News) - JPMorgan expects the European Central Bank to ease monetary policy further by cutting the negative deposit rate to -0.7% in 2016. JPM now expects the central bank's March package to... [more]

Ban high denomination notes to tackle crime, says ex-bank boss

Tue, 09 February 2016

(ShareCast News) - Global central banks should stop issuing notes of high denomination, such as the £50, $100 and €500 notes, in order to tackle crime, according to a banking sector veteran. In a... [more]

Serious Fraud Office extends director Green's contract by two years

Tue, 09 February 2016

(ShareCast News) - The Serious Fraud Office has extended the term of director David Green's contract by two years to 20 April 2018. The Attorney General Jeremy Wright QC MP said, "In his time as direc... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Baidu Inc. 152.73 8.16 21:50
Whole Foods Market Inc. 30.65 5.95 22:08
Charter Communications Inc. 167.75 5.15 21:55
Broadcom Limited 121.66 4.60 22:08
Sba Communications Corp. 88.79 4.51 22:08

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Activision Blizzard Inc. 28.12 -7.86 21:55
TripAdvisor Inc. 59.90 -1.92 22:08
Twenty-First Century Fox Inc Class A 24.55 -0.53 22:08
Liberty Interactive Corporation QVC Group 23.17 -0.39 22:04
Twenty-First Century Fox Inc Class B 24.67 -0.16 22:08