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Europe close: Investors brush off Italian referendum result

Europe close: Investors brush off Italian referendum result

Mon, 05 December 2016

(ShareCast News) - Italian stocks ended slightly lower after seesawing between gains and losses throughout most of the day after Italian PM Matteo Renzi's resignation following the defeat of his attem... [more]

Trump names former rival Ben Carson as housing secretary choice

Trump names former rival Ben Carson as housing secretary choice

Mon, 05 December 2016

(ShareCast News) - US president-elect Donald Trump has appointed fellow Republican Ben Carson as his housing secretary as he puts together his cabinet ahead of his entry into the Oval Office on 20 Jan... [more]

US service industry improves more than expected in November

US service industry improves more than expected in November

Mon, 05 December 2016

(ShareCast News) - Service sector activity in the US improved more than expected in November, according to figures released on Monday. The Institute for Supply Management's index of non-manufacturing ... [more]

Buffett remains optimistic about strength of the US economy

Buffett remains optimistic about strength of the US economy

Mon, 05 December 2016

(ShareCast News) - Famed investor Warren Buffett has said that the election of Donald Trump does not affect his long-term outlook for the strength of the economy in the United States, and he maintains... [more]

Markit's US services PMI ticks lower in November

Markit's US services PMI ticks lower in November

Mon, 05 December 2016

(ShareCast News) - Growth in the US services sector slowed in November, according to figures released on Monday. Markit's final services business activity index came in at 54.6 in November, down a tou... [more]

US open: Stocks higher as investors shrug off Italian referendum result

Mon, 05 December 2016

(ShareCast News) - US equity markets were on the front foot on Monday, largely shrugging off the 'no' vote from the Italian referendum on constitutional reform and the resignation of its Prime Ministe... [more]

Apple confirms self-driving car development for the first time

Mon, 05 December 2016

(ShareCast News) - US tech giant Apple has admitted for the first time that it is in the process of developing technology for autonomous driving. Tim Cook's company has long been reported to be invest... [more]

Wessanen buys Spanish organic food owner for €67m

Mon, 05 December 2016

(ShareCast News) - Dutch food company Royal Wessanen has agreed to buy a manufacturer and distributor of organic brands in Spain for €67m. Wessanen agreed with Nazca to buy Biogran, with the deal... [more]

Exxon CEO reportedly being considered as Trump's secretary of state

Mon, 05 December 2016

(ShareCast News) - Rex Tillerson, chief executive officer of US oil corporation ExxonMobil, is reportedly being considered by Donald Trump for the key cabinet position of secretary of state. Trump beg... [more]

Europe midday: Italian stocks stabilise after initial referendum shock

Mon, 05 December 2016

(ShareCast News) - Italian stocks pared losses at midday as investors took Italian PM Matteo Renzi's resignation in their stride, while the euro clawed back some ground against the dollar and European... [more]

Manuel Valls expected to announce bid for France's presidency

Mon, 05 December 2016

(ShareCast News) - France's Prime Minister Manuel Valls is to throw his hat in the ring to become France's next president. Valls is expected to announce his candidacy for the Socialist party ticket in... [more]

US pre-open: Stocks seen higher as investors shrug off Italian referendum

Mon, 05 December 2016

(ShareCast News) - US futures pointed to positive open on Wall Street, buoyed by an upbeat session in Europe, where investors largely shrugged off the resignation of Italian Prime Minister Matteo Renz... [more]

Eurozone retail sales rise more than expected in October

Mon, 05 December 2016

(ShareCast News) - Retail sales in the 19 countries that share the euro rose more than expected in October, according to the latest figures from Eurostat. Retail sales were up 1.1% from September, bea... [more]

Italian PM Renzi resigns after crushing referendum defeat

Mon, 05 December 2016

(ShareCast News) - Matteo Renzi has resigned as Italian prime minister after his constitutional reforms were roundly rejected in a referendum vote on Sunday. Renzi had said in the lead up to the cruci... [more]

Asia report: Markets weaker as PMs resign in Italy, NZ

Mon, 05 December 2016

(ShareCast News) - Markets in Asia slipped in Monday, with investors focusing on two Prime Ministerial resignations in Italy and New Zealand, and the euro's fall to a near-two year low. Japan's Nikkei... [more]

Eurozone services PMI ticks higher in November

Mon, 05 December 2016

(ShareCast News) - Markit's final eurozone composite output index came in at 53.9 in November, down from the flash estimate of 54.1 but up from October's 53.3. This marked the best reading since Decem... [more]

Trump doubles down in weekend attacks on China following Taiwan call

Mon, 05 December 2016

(ShareCast News) - US president-elect Donald Trump has aimed a volley of attacks towards China after being criticised for breaking decades of presidential convention by taking a call from Taiwanese le... [more]

German finance minister Schäuble offers Greece ultimatum on economic reform

Mon, 05 December 2016

(ShareCast News) - Greece will have to leave the Eurozone if it does not agree to a set of economic reforms, according to Germany's finance minister Wolfgang Schäuble, ahead of a key meeting of Europe... [more]

Prime minister of New Zealand John Key to resign due to family reasons

Mon, 05 December 2016

(ShareCast News) - New Zealand's hugely popular prime minister John Key has unexpectedly announced his intention to resign from his position next week. Key was elected in 2008 having taken over as lea... [more]

Europe open: Italian banks slump but European investors shrug off Renzi resignation

Mon, 05 December 2016

(ShareCast News) - European stocks shrugged off the resignation of Italian PM Matteo Renzi on Monday after he suffered a heavy defeat in a referendum on constitutional reform, although Italian banks r... [more]

Austrians reject far-right presidential candidate Norbert Hoffer

Mon, 05 December 2016

(ShareCast News) - Austrians rejected far-right candidate Norbert Hofer becoming the country's next head of state on Sunday. Hofer lost the re-run of the presidential election, for a largely ceremon... [more]

Italians vote against constitutional reform by larger than expected margin

Mon, 05 December 2016

(ShareCast News) - Italians rejected their Prime Minister´s proposed constitutional reform by a wider than expected margin in the referendum carried out overnight, with markets initially apparently un... [more]

AstraZeneca completes sale of US rights for nasal spray

Mon, 05 December 2016

(ShareCast News) - AstraZeneca has completed the sale of rights to its nasal spray outside of the US with Swiss pharmaceutical Cilag for $330m. The FTSE 100 company sold the rights for Rhinocort Aqua,... [more]

US close: Wall Street finishes on mixed note after November jobs report

Sun, 04 December 2016

(ShareCast News) - US stocks ended the week on a mixed note following the release of a somewhat unsatisfactory report on the state of the US jobs market and as traders pulled in their horns ahead of p... [more]

Europe close: Stocks ended on the back foot as jitters rise over Italian referendum

Fri, 02 December 2016

(ShareCast News) - European stocks closed in the red as excitement over the OPEC deal tapered off and nerves grew ahead of the upcoming Italian referendum, together with a mixed US non farm payrolls r... [more]