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Economic News News

Economic news

Deutsche Bank downgrades European banks, upgrades energy

Deutsche Bank downgrades European banks, upgrades energy

Tue, 30 May 2017

(ShareCast News) - Deutsche Bank downgraded its stance on European banks on Tuesday in its latest equity strategy note, as it upgraded the energy sector. Banks were cut to 'underweight' from 'benchmar... [more]

Election Q&A: May faces Brexit grilling, Corbyn claims 'I am not a dictator'

Election Q&A: May faces Brexit grilling, Corbyn claims 'I am not a dictator'

Tue, 30 May 2017

(ShareCast News) - Theresa May defended the Conservative party's plans for Brexit while Labour leader Jeremy Corbyn declared that he was not a dictator in separate election question and answer session... [more]

Solar energy supplying one-quarter of UK electricity demand as sun shines

Solar energy supplying one-quarter of UK electricity demand as sun shines

Fri, 26 May 2017

(ShareCast News) - Rare good weather in Britain on Friday led to solar panels supplying one-quarter of the UK demand for electricity for the first time, according to the National Grid. Solar power in ... [more]

London close: Sterling slump after surprise election poll result shoves FTSE higher

London close: Sterling slump after surprise election poll result shoves FTSE higher

Fri, 26 May 2017

(ShareCast News) - Stocks in London got an unexpected shove higher on Friday as a new election poll revealed a narrowing Tory lead over Labour, causing sterling to sour and helping the FTSE advance. T... [more]

FX round-up: Sterling takes big slides lower on UK election uncertainty

FX round-up: Sterling takes big slides lower on UK election uncertainty

Fri, 26 May 2017

(ShareCast News) - Sterling took big slides lower on most major crosses Friday as political uncertainty surrounding the upcoming UK general election sparked a wave of selling. At 15:43 BST, sterling w... [more]

Commodities: Crude rises, but may well face choppy trading ahead

Fri, 26 May 2017

(ShareCast News) - At face value crude oil futures appeared to be doing well on Friday afternoon, but the modest rises in both WTI and Brent are off the back of yesterday's Opec-driven plunge and may ... [more]

US consumer sentiment ticks up in May

Fri, 26 May 2017

(ShareCast News) - Consumer sentiment in the US improved a touch in May from the month before, although not as much as initially estimated, according to final figures from the University of Michigan. ... [more]

FX round-up: Sterling's flirtations with $1.30 denied by UK growth disappointment

Thu, 25 May 2017

(ShareCast News) - Sterling's flirtations with convincingly crossing the $1.30 resistance mark were dealt a blow by disappointing UK first-quarter gross domestic product (GDP) growth data out this mor... [more]

London close: FTSE mired in range trade as oil majors drop after Opec pledge

Thu, 25 May 2017

(ShareCast News) - Shares in London flickered around their starting levels for most of the day, mimicking the disappointing pattern of range-bound trade also seen among Europe's main indices. The FTSE... [more]

Commodities: Crude futures fall as Opec extends curbs by nine months

Thu, 25 May 2017

(ShareCast News) - Crude futures dived into the red Thursday as Opec extended its output cuts for a further nine months and into March 2018, sparking a quick round of profit taking and disappointing s... [more]

UK car manufacturing output falls significantly

Thu, 25 May 2017

(ShareCast News) - UK car output tanked last month, with the industry blaming the effect of Easter bank holidays and unplanned production changes. The number of cars made in Britain in April fell 18.2... [more]

Banks approve fewer mortgages, confirms BBA

Thu, 25 May 2017

(ShareCast News) - British high street banks approved fewer mortgages last month, though consumer lending via credit cards bounced back amid a bumper Easter for retailers. Data from the British Banker... [more]

UK Q1 growth revised down to 0.2%

Thu, 25 May 2017

(ShareCast News) - The UK economy grew less than initially estimated in the first quarter as inflation took its toll on spending in the aftermath of the Brexit vote, according to data released by the ... [more]

Manchester police stop sharing info with US after leaks, report says

Thu, 25 May 2017

(ShareCast News) - UK police investigating Monday night's bomb attack at the Manchester Arena have stopped sharing information with US colleagues following a series of media leaks, the BBC reports. Ho... [more]

London close: FTSE wanders to positive close ahead of Fed minutes

Wed, 24 May 2017

(ShareCast News) - Stocks in London wandered to a positive close on Wednesday as investors embraced a raft of corporate news, and as the market looked to this evening's Federal Reserve minutes release... [more]

Commodities: Crude oil rises after EIA data, ahead of Opec meet on Thursday

Wed, 24 May 2017

(ShareCast News) - Crude-oil futures got a boost higher on Wednesday afternoon thanks to further confirmation that US inventories fell last week, in a market pensive ahead of tomorrow's Opec meeting. ... [more]

US existing home sales drop more than expected in April

Wed, 24 May 2017

(ShareCast News) - Sales of US existing home sales fell more than expected in April, according to data from the National Association of Realtors. Sales were down 2.3% to a seasonally-adjusted annual r... [more]

UK terror threat level raised to 'critical' after Manchester bomb

Wed, 24 May 2017

(ShareCast News) - Britain is now at its highest level of terror alert following the attack on the Manchester Arena on Monday night, suggesting further attacks may be imminent. The threat level has be... [more]

FX round-up: Sterling lower on the crosses as UK data weighs

Tue, 23 May 2017

(ShareCast News) - Sterling ended Tuesday lower on most key pairs in a UK market sombre all day after the deadly Manchester suicide bomb attack last night. The blast, at an Ariana Grande concert in th... [more]

London close: FTSE 100 limps to mildly lower close after Manchester terror attack

Tue, 23 May 2017

(ShareCast News) - London stocks limped to a mildly lower close as a sombre UK came to terms with the deadly suicide bomb attack in Manchester last night. The blast, at an Ariana Grande concert in the... [more]

Commodities: Crude around even ahead of this week's stores data, Opec

Tue, 23 May 2017

(ShareCast News) - Crude-oil futures are trading around even Tuesday afternoon, having recovered from nadirs earlier in the session and ahead of Opec's key meeting on Thursday. The cartel is expected ... [more]

UK deficit set to provide 'significant drag' on GDP growth

Tue, 23 May 2017

(ShareCast News) - UK public sector borrowing in April was much higher than expected, according to initial forecast data, though borrowing for the last fiscal year was revised down. Public sector net ... [more]

Retail sales slow in May as inflation bites - CBI

Tue, 23 May 2017

(ShareCast News) - Retail sales slowed in the year to May following strong growth in April, coming in broadly flat as rising inflation takes its toll, according to the Confederation of British Industr... [more]

German business confidence improves more than expected - Ifo

Tue, 23 May 2017

(ShareCast News) - German business confidence improved more than expected in May, according to a widely-followed survey. The Ifo's business climate index rose to 114.6 from 113.0 the month before, mar... [more]

FX round-up: Sterling in 'sea of red' after Tory wobble

Mon, 22 May 2017

(ShareCast News) - Sterling was amid a sea of red as Tory-renewed fears of a hard Brexit came to the fore and the party did a U-turn on its so-called 'dementia tax,' all while Labour accelerated in th... [more]