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Economic News News

Economic news

Eurozone core inflation beats expectations in July

Eurozone core inflation beats expectations in July

Fri, 31 July 2015

(ShareCast News) - ... [more]

IMF will not be able to approve third Greek bailout

IMF will not be able to approve third Greek bailout

Thu, 30 July 2015

(ShareCast News) - Greece may find it more difficult to secure a third bailout after International Monetary Fund officials argued that the country would not be eligible for further loans, according to... [more]

US GDP undershoots in second quarter but revisions compensate

US GDP undershoots in second quarter but revisions compensate

Thu, 30 July 2015

(ShareCast News) - Economic activity in the US climbed in the second quarter of the year to a reach an annualised pace of 2.3%. Analysts had pencilled in a rate of expansion of 2.5%. However, the pac... [more]

US pending home sales fall in June

US pending home sales fall in June

Wed, 29 July 2015

(ShareCast News) - US pending home sales fell unexpectedly in June, data released on Wednesday showed. The index from the National Association of Realtors (NAR) declined 1.8% month-on-month in June, p... [more]

Greece may call early election, admits Tsipras

Greece may call early election, admits Tsipras

Wed, 29 July 2015

(ShareCast News) - Greek prime minister Alexis Tsipras has admitted that the country may have to call an early election due to rebels within his Syriza party. Speaking on local radio station Sto Kokki... [more]

UK retail sales set to slow, CBI says

Wed, 29 July 2015

(ShareCast News) - Clothes flew off the shelves at stores in July but the pace of growth in total retail sales underwhelmed and was set to slow further, although the recovery in wages was expected to ... [more]

UK mortgage approvals rise more than forecast on thriving house market

Wed, 29 July 2015

(ShareCast News) - UK mortgage approvals rose more than forecast in June as the thriving housing market showed no signs of letting up. The Bank of England said home-loan approvals increased to 66,582 ... [more]

Sainsbury's overtakes Asda as UK's second-biggest supermarket

Tue, 28 July 2015

(ShareCast News) - Sainsbury's has overtaken Asda to become the number two supermarket after Tesco, according to data released by market researcher Kantar Worldpanel. Despite a fall in sales of 0.3%, ... [more]

Cameron says there is no place for "dirty money" in the UK property market

Tue, 28 July 2015

(ShareCast News) - Prime Minister David Cameron said London is not "a place to stash dodgy cash" from foreign fraudsters, promising to tackle corruption in the country. In a speech in Singapore, Camer... [more]

UK average house price overtakes pre-crisis high, says Land Registry

Tue, 28 July 2015

(ShareCast News) - UK property price trends are on the rise, according to the Land Registry, lifting the average property value in England and Wales during June above the pre-crisis high. With London ... [more]

Gertjan Vlieghe appointed to MPC

Tue, 28 July 2015

(ShareCast News) - Dr Gertjan Vlieghe was nominated on Tuesday to succeed David Miles on the Monetary Policy Committee when he steps down on 1 September. In a short statement, the Governor of the Bank... [more]

UK GDP growth accelerates in the second quarter, as expected

Tue, 28 July 2015

(ShareCast News) - The UK economy accelerated significantly in the second quarter of the year, led by growth in industrial production. Gross domestic product expanded at 0.7% quarter-on-quarter in the... [more]

Manufacturing steady but exports under pressure, CBI survey shows

Mon, 27 July 2015

(ShareCast News) - The UK manufacturing sector continued to grow in the quarter to July, although exports are set to come under pressure by the stronger sterling, a survey has shown. According to the ... [more]

US Fed may not raise rates in September, leaked documents show

Fri, 24 July 2015

(ShareCast News) - The US Federal Reserve may only raise the Fed funds rate, its main policy instrument, once this year, in the fourth quarter. Six weeks ago, staff at the central bank told officials ... [more]

US new home sales drop to slowest pace in seven months in June

Fri, 24 July 2015

(ShareCast News) - Sales of new single-family homes in the US fell to their slowest pace in seven months in June, figures released on Friday showed. According to figures released by the Commerce Depar... [more]

Indian PM praises call for Brits to compensate for colonisation

Fri, 24 July 2015

(ShareCast News) - India's prime minister Narendra Modi has applauded an opposition politician's call for reparation from Britain for decades of colonisation. Opposition politician Shashi Tharoor said... [more]

UK housing market is hotting up again, BBA says

Fri, 24 July 2015

(ShareCast News) - The UK housing market is "beginning to hot up again" as the number of mortgage approvals reaching a 15-month high in June, according to the British Bankers' Association on Friday. T... [more]

Eurozone manufacturing PMI declines slightly in July

Fri, 24 July 2015

(ShareCast News) - The pace of economic growth in the Eurozone slowed slightly in July, data released on Friday showed. The Markit Eurozone Purchasing Managers' Index declined from 54.2 in June to 53.... [more]

Chinese manufacturing sector shrank more than expected in July

Fri, 24 July 2015

(ShareCast News) - A widely followed leading indicator for the Chinese economy surprised sharply to the downside, suggesting risks for the economy still existed. The Markit purchasing managers' index ... [more]

BoE's McCafferty says MPC should not fear pound strength

Thu, 23 July 2015

(ShareCast News) - The Monetary Policy Committee's "clear cut" 8 July decision not to raise Bank Rate was adopted just when the uncertainty around events in Greece was at its height, but since then co... [more]

US leading economic indicators beat forecasts in June

Thu, 23 July 2015

(ShareCast News) - The US economy was expected to continue to power ahead on the basis of recent trends for interest rate spreads and credit conditions, according to the results of a widely followed b... [more]

US initial jobless claims fall to lowest level since 1973

Thu, 23 July 2015

(ShareCast News) - US initial jobless claims fell by 26,000 to a seasonally-adjusted 255,000 in the week ended 18 July, hitting their lowest level since November 1973, according to data released by th... [more]

UK retail sales fall in June, ONS says

Thu, 23 July 2015

(ShareCast News) - UK retail sales fell 0.2% in June compared to month before, data from the Office for National Statistics (ONS) showed, some way off the 0.4% gain that had been expected. The soft pa... [more]

UK government plans to cut solar subsidies

Wed, 22 July 2015

(ShareCast News) - The Department of Energy and Climate Change was planning to cut subsidies to the renewable energy sector as the UK government looked to tackle the bill for renewable electricity, wh... [more]

ECB said to have raised ELA by €900m

Wed, 22 July 2015

(ShareCast News) - The European Central Bank has reportedly raised its funding for Greek banks through its Emergency Liquidity Facility by €900m. -- More to follow --... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Western Digital Corp. 86.45 9.77 21:49
Wynn Resorts Ltd. 104.12 8.42 22:09
Vertex Pharmaceuticals Inc. 135.46 7.83 22:08
Nxp Semiconductors Nv 97.87 6.61 22:08
Mondelez International Inc. 45.27 5.03 21:49

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Whole Foods Market Inc. 36.08 -11.61 22:09
Vimpelcom Ltd Ads 5.75 -3.20 22:01
Automatic Data Processing Inc. 80.13 -2.68 22:08
Cerner Corp. 71.96 -1.96 22:01
Facebook Inc. 95.21 -1.84 22:10