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Economic news

FX round-up: Sterling suffers as market watches for a BoJ policy 'bazooka'

FX round-up: Sterling suffers as market watches for a BoJ policy 'bazooka'

Thu, 28 July 2016

(ShareCast News) - Sterling endured a torrid time on most of its major crosses on Thursday as post-Brexit vote uncertainty appeared to cripple its prospects once again, and traders looked warily ahead... [more]

Sector movers: Oil-related sectors retreat as Aerospace & Defence flies

Sector movers: Oil-related sectors retreat as Aerospace & Defence flies

Thu, 28 July 2016

(ShareCast News) - FTSE indices were mixed heading towards the closing bell on Thursday, with the blue-chip index helped south by oil stocks undermined by crude's weakness and Royal Dutch Shell's seco... [more]

Bank solvency in jeopardy if recession hits post Brexit

Bank solvency in jeopardy if recession hits post Brexit

Thu, 28 July 2016

(ShareCast News) - Britain's banking system will face a capital shortfall of £68bn if the UK hits a recession after it leaves the EU, according to Moody's. The ratings agency has carried out its annua... [more]

House prices grow in July but too early to tell Brexit impact, says Nationwide

House prices grow in July but too early to tell Brexit impact, says Nationwide

Thu, 28 July 2016

(ShareCast News) - House price growth was steady in July but it's too early tell if there is any impact from Brexit, according to Nationwide on Thursday. The Nationwide building society price index ... [more]

Construction workload slows due to Brexit uncertainity, says RICS

Construction workload slows due to Brexit uncertainity, says RICS

Thu, 28 July 2016

(ShareCast News) - Construction workloads and employment in the sector continued to grow slowly as Brexit uncertainty delayed investment in recent months, according to the industry body for chartered ... [more]

FX round-up: Yen flops versus sterling, dollar after Abe promises stimulus

Wed, 27 July 2016

(ShareCast News) - Sterling was essentially a back-seat driver on Wednesday as the yen took the driver's seat and wheeled lower against the British unit and US dollar after Japan's PM, Shinzo Abe, pro... [more]

Chancellor Philip Hammond plans to take action to support economy

Wed, 27 July 2016

(ShareCast News) - Chancellor Philip Hammond said on Wednesday that he will work with the Bank of England to take whatever action was needed to support the economy post Brexit, Reuters reported. Hammo... [more]

US pending home sales miss expectations in June

Wed, 27 July 2016

(ShareCast News) - US pending home sales rose a lot less than expected in June, according to data from the National Association of Realtors (NAR). The NAR's monthly index rose 0.2% to 111.0 from 110.8... [more]

Durable goods orders fall more than expected in June

Wed, 27 July 2016

(ShareCast News) - US durable goods orders fell more than expected in June, according to data from the Commerce Department. Durable goods orders were down 4% on the previous month to $219.8bn followin... [more]

Manufacturers' confidence drops across UK post Brexit

Wed, 27 July 2016

(ShareCast News) - Manufacturer confidence has dropped across every region in Britain due to the UK's vote to leave the European Union, according to a report by EEF and BDO LLP. EEF, the manufacturers... [more]

Retailers fear continuing sales decline but CBI expects bounce

Wed, 27 July 2016

(ShareCast News) - UK retailers saw sales volumes drop at the fastest rate in over four years in early July and expect the decline to continue at a similar pace in the coming month, according to a sur... [more]

GDP rises more than expected but Brexit slowdown already apparent

Wed, 27 July 2016

(ShareCast News) - UK economic growth accelerated slightly more than expected in the second quarter, though the official data showed a significant loss of momentum even before the Brexit decision bega... [more]

FX round-up: Yen zooms higher on sterling, dollar ahead of Fed, BoJ

Tue, 26 July 2016

(ShareCast News) - Sterling and the dollar dived to two-week lows against Japan's yen as traders expect fireworks from that country's central bank Friday, and see the US Federal Reserve standing pat o... [more]

NatWest, RBS warn business customers of potential negative interest rates

Tue, 26 July 2016

(ShareCast News) - High-street lenders NatWest and Royal Bank of Scotland are warning business customers that they may impose negative interest rates on deposits if Bank of England cuts its key rate i... [more]

US consumer confidence holds up in July

Tue, 26 July 2016

(ShareCast News) - US consumer confidence was little changed in July, according to data from the Conference Board. The Conference Board Consumer Confidence Index nudged down to 97.3 from 97.4 in June,... [more]

US new home sales unexpectedly rise in June

Tue, 26 July 2016

(ShareCast News) - Sales of new US single-family homes unexpectedly rose in June, according to official data released on Tuesday. Figures from the Commerce Department showed new home sales were up 3.5... [more]

Markit's flash US services PMI misses views in July

Tue, 26 July 2016

(ShareCast News) - Markit's flash US business services purchasing managers' index declined to 50.9 in July from 51.4 the month before. This marked a five-month low and fell short of economists' expect... [more]

US house prices rise less than expected in May

Tue, 26 July 2016

(ShareCast News) - House prices in the US rose less than expected in May, according to the S&P/Case-Shiller National Home Price Index. The S&P/Case-Shiller 20-City Composite index was up 5.2% in May, ... [more]

MPs call for creation of new financial enforcement authority

Tue, 26 July 2016

(ShareCast News) - The treasury select committee released a report on Thursday highlighting the need for a new independent financial regulator following the failure of HBOS during the financial crisis... [more]

Manufacturing slowdown worsens post-Brexit to add to recession concerns

Mon, 25 July 2016

(ShareCast News) - UK manufacturing output declined at a faster pace post the Brexit vote last month, the CBI Industrial Trends survey indicated on Monday, which also sent business optimism plunging a... [more]

Ex-BT manager slams company over infrastructure investment

Mon, 25 July 2016

(ShareCast News) - A former manager at BT slammed the listed telco over its approach to infrastructure investment on Monday, a day before Ofcom announces its plans for the company's wholly-owned subsi... [more]

German business confidence stronger than expected in July

Mon, 25 July 2016

(ShareCast News) - German business confidence for July came in stronger than expected, according to a widely-followed survey. The IFO Institute's business climate index came in at 108.3, down from 108... [more]

Markit's flash US manufacturing PMI beats expectations in July

Fri, 22 July 2016

(ShareCast News) - Markit's flash manufacturing purchasing managers' index rose to an eight-month high of 52.9 in July from 51.3 in June. This was ahead of expectations for a reading of 51.6, led by a... [more]

FCA review finds 'significant shortcomings' among insurance agents

Fri, 22 July 2016

(ShareCast News) - The Financial Conduct Authority said on Friday that it has found "significant shortcomings" in the control and oversight of appointed representatives by their principal firms in the... [more]

Markit's flash UK PMI shows steepest contraction since early 2009

Fri, 22 July 2016

(ShareCast News) - The latest data from Markit released on Friday showed the UK economy contracted at its steepest pace since early 2009 in July. Markit's flash UK composite purchasing managers' index... [more]