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Express Inc tumbles as Q2 falls short of expectations

Express Inc tumbles as Q2 falls short of expectations

Wed, 24 August 2016

(ShareCast News) - Shares in Express Inc tumbled in pre-market trade after the US retailer's second-quarter results fell short of analysts' expectations. The specialty retail apparel company said net ... [more]

Europe midday: Stocks edge higher but basic resources drop

Europe midday: Stocks edge higher but basic resources drop

Wed, 24 August 2016

(ShareCast News) - European stocks edged tentatively higher on Wednesday, but gains were limited amid weakness in the basic resources sector and lower oil prices. At midday, the benchmark Stoxx Europe... [more]

US pre-open: Stocks set for muted start

US pre-open: Stocks set for muted start

Wed, 24 August 2016

(ShareCast News) - US futures pointed to a broadly flat open on Wall Street as investors continued to eye Federal Reserve Chair Janet Yellen's speech at the end of the week, with existing home sales d... [more]

Asia: Stocks mixed as oil prices drop, traders await Jackson Hole

Asia: Stocks mixed as oil prices drop, traders await Jackson Hole

Wed, 24 August 2016

(ShareCast News) - Asian stocks were mixed on Wednesday as oil prices fell and traders awaited comments from Federal Reserve officials. At the close, the Hang Seng dropped 0.77% to 22,820.78 points an... [more]

Exports boost German GDP in Q2 but Brexit clouds loom large, some economists say

Exports boost German GDP in Q2 but Brexit clouds loom large, some economists say

Wed, 24 August 2016

(ShareCast News) - A sharp rebound in exports kept the German economy“s expansion on track during the second quarter of 2016. Detailed data from the Federal Statistics Office confirmed that sales of g... [more]

Europe open: Stocks waver as basic resources retreat

Wed, 24 August 2016

(ShareCast News) - European stocks wavered in early trade, with basic resources under the cosh following disappointing results from Glencore and amid declining metals prices, as oil remained in the re... [more]

AstraZeneca sells antibiotics business to Pfizer for £1.2bn

Wed, 24 August 2016

(ShareCast News) - AstraZeneca has agreed to sell its antibiotics business to US giant Pfizer for staged payments amounting to $1.6bn (£1.2bn) plus recurring, double-digit royalties on future sales. T... [more]

Strong earthquake razes towns in central Italy, death toll tops 20

Wed, 24 August 2016

(ShareCast News) - A violent earthquake struck central Italy on Wednesday morning, with the 6.2-magnitude quake striking not far from Rome and obliterating some small towns. Tremors from the shallow q... [more]

US close: Stocks rise as oil prices rebound, traders cheer earnings

Tue, 23 August 2016

(ShareCast News) - US stocks climbed on Tuesday as traders hailed earnings from Best Buy and Toll Brothers, and upbeat data on new home sales. The Dow Jones Industrial Average rose 0.10% to 18,547.30 ... [more]

Eight regional Fed banks ask for 25 point hike in discount rate

Tue, 23 August 2016

(ShareCast News) - The minutes of the US central bank's discount rate meeting on 25 July revealed that eight out of 12 regional Fed banks asked for a 25 basis point increase in the discount rate at th... [more]

Europe close: Shares recoup previous day's losses

Tue, 23 August 2016

(ShareCast News) - European stocks rose on Tuesday, bouncing back from the previous session's losses despite weak oil prices, as investors continued to eye this week's speech by Federal Reserve Chair ... [more]

Oil futures spike on reports Iran warming to idea of output freeze

Tue, 23 August 2016

(ShareCast News) - Reports that Iran might now be more willing to join international efforts to prop up the price of crude oil sent crude futures into reverse, resulting in a spike in prices in aftern... [more]

JM Smucker shares dive after first quarter results

Tue, 23 August 2016

(ShareCast News) - Cost-cutting at JM Smucker lifted earnings first quarter earnings at the food manufacturer, helping to offset the impact from a sharp drop in revenues. Quarterly revenues fell 7% fr... [more]

Death toll from drug war in the Philippines rises to 1800

Tue, 23 August 2016

(ShareCast News) - Newly elected President Rodrigo Duterte's mission to cleanse the Philippines from drug crime has led to 1800 deaths in the seven weeks following his election. A total of 712 of the ... [more]

Euro area consumer confidence weakens unexpectedly in August

Tue, 23 August 2016

(ShareCast News) - Consumer confidence in the euro area cooled unexpectedly in August, according to the preliminary results of a survey. The European Commission's 'flash' reading on sentiment fell fro... [more]

US new home sales beat forecasts by wide margin in July

Tue, 23 August 2016

(ShareCast News) - New home sales Stateside rose sharply in July, far surpassing economists' forecasts, buoyed by activity in the Northeast. In annualised terms, the rate of new home sales shot higher... [more]

Mexican retail sales slow in second quarter

Tue, 23 August 2016

(ShareCast News) - Strong fundamentals underpinned retail sales in Mexico during the month of June, but analysts cautioned that a small slowdown in activity was evident in the data, pointing to downsi... [more]

Markit's flash US manufacturing PMI drops more than expected

Tue, 23 August 2016

(ShareCast News) - Activity in the US manufacturing sector deteriorated more than expected in August, according to data released on Tuesday. Markit's flash US manufacturing purchasing managers' index ... [more]

US open: Stocks edge higher; Best Buy surges on Q2 results

Tue, 23 August 2016

(ShareCast News) - US stocks rose on Tuesday despite continued weakness in oil markets, as investors cheered earnings from Best Buy and Toll Brothers, as well as a strong reading on new home sales. At... [more]

FBI found almost 15,000 more undisclosed emails from Clinton

Tue, 23 August 2016

(ShareCast News) - Democratic candidate Hillary Clinton failed to disclose the existence of 14,900 emails to the Federal Bureau of Investigation (FBI) during its investigation, according to the Financ... [more]

SABMiller's shareholders can be split in two classes, judge rules

Tue, 23 August 2016

(ShareCast News) - Brewery and beverage giant SABMiller's shareholders can be treated as two classes when they vote on the £79bn takeover by rival Anheuser Busch InBev, a judge ruled on Tuesday. As a ... [more]

EU leaders meet to reaffirm European ideal after Brexit result

Tue, 23 August 2016

(ShareCast News) - The three leaders of the EU's largest countries by population maintained that the Britain's decision to leave the trading block did not mean the end of Europe. Germany's chancellor ... [more]

Best Buy's Q2 numbers beat expectations

Tue, 23 August 2016

(ShareCast News) - Best Buy surged in pre-market trade after the consumer electronics retailer's second-quarter results beat expectations. For the quarter to 1 August, net earnings rose to $198m or 61... [more]

Europe midday: Stocks push higher despite weaker oil prices

Tue, 23 August 2016

(ShareCast News) - European stocks rose on Tuesday, bouncing back from the previous session's losses despite weak oil prices, as investors continued to eye this week's speech by Federal Reserve Chair ... [more]

US pre-open: Stocks seen slightly higher despite weak oil prices

Tue, 23 August 2016

(ShareCast News) - US futures pointed to a slightly firmer open on Wall Street despite declining oil prices, as investors looked ahead to Federal Reserve Chair Janet Yellen's speech at Jackson Hole at... [more]