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Economic news

US durable goods orders rise 3.4% in April, buoyed by aircraft sales

US durable goods orders rise 3.4% in April, buoyed by aircraft sales

Thu, 26 May 2016

(ShareCast News) - New orders for US-made durable goods rose 3.4% month-on-month in April, the Department of Commerce said, following on from a 1.9% gain in March. Core durables, which exclude transpo... [more]

PPI still the most complained about product, says Ombudsman

PPI still the most complained about product, says Ombudsman

Thu, 26 May 2016

(ShareCast News) - The latest report from the Financial Ombudsman has revealed that payment protection insurance remains the most complained about financial product, while complaints about packaged ac... [more]

US jobless claims fall more than expected

US jobless claims fall more than expected

Thu, 26 May 2016

(ShareCast News) - The number of Americans filing for unemployment benefits fell more than expected last week, according to the Labor Department. US initial jobless claims decreased by 10,000 from the... [more]

BBA mortgage approvals fall surprisingly sharply

BBA mortgage approvals fall surprisingly sharply

Thu, 26 May 2016

(ShareCast News) - Growth in the number of mortgages approved by UK lenders fell surprisingly sharply in April, according to data from the British Bankers' Association (BBA). There were 40,104 home lo... [more]

UK GDP up 0.4% in the first quarter

UK GDP up 0.4% in the first quarter

Thu, 26 May 2016

(ShareCast News) - Data from the Office for National Statistics showed UK gross domestic product increased by 0.4% in the first three months of the year, in line with the flash estimate and as expecte... [more]

US services PMI unexpectedly drops in May

Wed, 25 May 2016

(ShareCast News) - Activity in the US services sector unexpectedly deteriorated in May, according to data released on Wednesday. Markit's flash US services purchasing managers' index fell to 51.2 from... [more]

German Ifo business confidence improves more than expected

Wed, 25 May 2016

(ShareCast News) - German business confidence improved more than expected in May, according to a widely-followed survey. The IFO Institute's business climate index rose to 107.7 from 106.7 in April, b... [more]

Cable jumps on latest Brexit poll results

Tue, 24 May 2016

(ShareCast News) - The proportion of Britons who would rather that the country remains inside the European Union was steady, according to the results of ICM´s latest poll of voting intentions carried ... [more]

US new home sales surge in April, beat expectations

Tue, 24 May 2016

(ShareCast News) - Sales of new US single-family homes rose to their highest level since 2008 in April, official data released on Tuesday showed. According to figures from the Commerce Department, new... [more]

Carney defends Brexit stance, says mortgage rates could rise

Tue, 24 May 2016

(ShareCast News) - Bank of England governor Mark Carney defended his organisation's rhetoric on Brexit in front of the Treasury Select Committee on Tuesday morning, and explained why he believes mortg... [more]

Retail volumes inch higher in May but likely to fall in June, CBI finds

Tue, 24 May 2016

(ShareCast News) - UK reported retail sales volumes returned to modest growth in May, according to a survey by the Confederation for British Industry (CBI), but orders have dropped sharply and volumes... [more]

German economic sentiment unexpectedly deteriorates in May

Tue, 24 May 2016

(ShareCast News) - German investor confidence unexpectedly deteriorated in May, according to the latest survey from the ZEW Center for European Economic Research in Mannheim. The indicator of economic... [more]

German first-quarter GDP confirmed at 0.7%

Tue, 24 May 2016

(ShareCast News) - German gross domestic product grew at 0.7% in the first quarter compared with 0.3% in the final quarter of last year, Destatis said on Tuesday, confirming its flash estimate earlier... [more]

Hopes of a sterling bounce after a Bremain vote likely to be dashed, Pantheon says

Mon, 23 May 2016

(ShareCast News) - Hopes that sterling will bounce back to its previous levels against the US dollar around $1.57 after a potential UK vote to remain in the EU will likely be dashed, said Pantheon Mac... [more]

FX round-up: Hawkish Fed-speak helps dollar higher, but yen continues its run

Mon, 23 May 2016

(ShareCast News) - More hawkish US Federal Reserve-speak saw the dollar edge higher against most major crosses barring the yen, which resumed its run-up against the greenback following warnings from U... [more]

World Bank boss warns of Brexit danger to developing nations

Mon, 23 May 2016

(ShareCast News) - World Bank president Jim Yong Kim has warned of the escalating dangers to developing nations already hurting from a slump in commodity prices if Britain votes to leave the European ... [more]

Eurozone consumer sentiment improves in May, beats views

Mon, 23 May 2016

(ShareCast News) - Consumer sentiment in the Eurozone rose to its highest level since January in May, according to a flash estimate released by the European Commission. Consumer confidence improved 2.... [more]

US manufacturing PMI unexpectedly slips in May

Mon, 23 May 2016

(ShareCast News) - Markit's flash US manufacturing purchasing managers' index fell to 50.5 in May from 50.8 in April. This is only a touch above the 50 mark that separates contraction from expansion a... [more]

Tory faithful swing towards voting for UK to stay in EU - poll

Mon, 23 May 2016

(ShareCast News) - With just a month to go before Britain votes on whether to remain part of the EU, or not, yet another opinion poll has put the remain campaign in front of the leave, this time thank... [more]

US labour market may put upward pressure on inflation, says Fed's Bullard

Mon, 23 May 2016

(ShareCast News) - The United States' relatively tight labour market may place upward pressure on inflation, strengthening the case for higher interest rates in that country, said St Louis Federal Res... [more]

Plastic fantastic set to oust cash

Mon, 23 May 2016

(ShareCast News) - Card payments are set to overtake cash payments in the UK for the first time, a new study from Payments UK has found. The research, released on Monday, showed cash is still the most... [more]

Night Tube launch set for August, TfL confirms

Mon, 23 May 2016

(ShareCast News) - The London Underground is set to launch its long-awaited Night Tube on 19 August. The 24-hour service was meant to start last September but disagreements with unions on working cond... [more]

UK would enter year-long recession after Brexit, says Treasury

Mon, 23 May 2016

(ShareCast News) - Britain would enter a year-long recession with a 3.6% growth slump and 500,000 jobs lost if it left the European Union, according to a Treasury analysis. The country would suffer an... [more]

Deutsche Bank downgrades Stoxx 600 year-end target

Mon, 23 May 2016

(ShareCast News) - Deutsche Bank slashed its year-end target for the Stoxx 600 index and said it sees no further upside for European equities for the rest of the year. The bank downgraded its Stoxx 60... [more]

Markit's flash Eurozone PMI hits 16-month low

Mon, 23 May 2016

(ShareCast News) - Markit's flash Eurozone composite purchasing managers' index slipped to a 16-month low of 52.9 in May from 53.0 in April, missing expectations for a reading of 53.2. The services PM... [more]