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

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]

London close: FTSE 100 jabs higher as retail rebounds, sterling weakens

London close: FTSE 100 jabs higher as retail rebounds, sterling weakens

Mon, 22 May 2017

(ShareCast News) - Equities in London went for a jog higher on Monday, helped mostly by rebounding retail stocks and sterling weakness, the latter on the back of UK political turmoil surrounding the e... [more]

Boeing signs new agreements with Saudi Arabia following Trump visit

Boeing signs new agreements with Saudi Arabia following Trump visit

Mon, 22 May 2017

(ShareCast News) - US defence contractor Boeing has announced the signing of several agreements with Saudi Arabia after President Donald Trump met with officials from the oil-rich state at the weekend... [more]

Commodities: Oil prices continue to froth on Opec curb hopes

Commodities: Oil prices continue to froth on Opec curb hopes

Mon, 22 May 2017

(ShareCast News) - Crude-oil futures began the week as they left off on Friday, frothing higher on market hopes of Opec extending its output curbs when it meets later this week. At 15:20 BST, Nymex-pr... [more]

Euro too cheap, Germany's Merkel says

Euro too cheap, Germany's Merkel says

Mon, 22 May 2017

(ShareCast News) - Europe's single currency is too cheap, German Chancellor Angela Merkel said, helping to send the greenback to its lowest levels since early October. Merkel told an audience that t... [more]

Michael Flynn said to refuse Senate subpoena on Russia investigation

Mon, 22 May 2017

(ShareCast News) - Former US national security adviser Michael Flynn is reportedly set to decline a subpoena from the Senate demanding information on an investigation into his alleged links with Russi... [more]

JP Morgan reiterates overweight stance on euro area equities

Mon, 22 May 2017

(ShareCast News) - Strategists at JP Morgan reiterated their 'overweight' stance on euro area stocks, telling clients that projections for profit growth in 2017 are not as stretched as might seem and ... [more]

All countries agree on oil output cut deal, Saudi Arabia's Al-Falih says

Mon, 22 May 2017

(ShareCast News) - All countries taking part in the November deal to cut oil production agree on the need to extend the supply cut agreement by another nine months. Speaking from Riyadh on Sunday, Sau... [more]

FX round-up: Perky pound takes cheeky Friday stroll higher on dollar

Fri, 19 May 2017

(ShareCast News) - Britain's perky pound went for a cheeky Friday stroll over the psychologically important $1.30 marker thanks to the lingering political storm surround US President Donald Trump. At ... [more]

London close: FTSE ties on positive resources-led Friday

Fri, 19 May 2017

(ShareCast News) - Stocks in London tied on a positive Friday performance thanks to gains in resources behemoths and after better-than-expected UK manufacturing data, continuing its rebound after the ... [more]

Commodities: Crude bubbles higher on hopes Opec will extend output curbs next week

Fri, 19 May 2017

(ShareCast News) - Crude-oil futures bubbled their way to roughly month highs on hopes that Opec will extend its output curbs when it meets next week in Vienna. Oil prices have enjoyed upticks in rece... [more]

Sweden drops rape investigation into Wikileaks' Assange

Fri, 19 May 2017

(ShareCast News) - Sweden has dropped rape charges against Wikileaks founder Julian Assange, potentially paving the way for his exit from the Ecuadorian embassy in London. Assange has been living in t... [more]

Trump administration kickstarts Nafta renegotiation

Fri, 19 May 2017

(ShareCast News) - US President Donald Trump has put the wheels in motion on a major trade shake-up, after his administration triggered the renegotiation of the North-American Free Trade Agreement on ... [more]

Ex-NSA Michael Flynn will not honor subpoena to testify

Thu, 18 May 2017

(ShareCast News) - Former US national security adviser Michael Flynn would not honour a subpoena to testify before the Senate Intelligence Committee, the panel's chairman said. The comments from Richa... [more]

FX round-up: Brazilian real crushed, Mexican peso under pressure

Thu, 18 May 2017

(ShareCast News) - The spotlight shifted towards emerging markets on Thursday, with the worsening political situation in South America's largest economy hogging the headlines. A report in O Globo sent... [more]

Manufacturing activity in US mid-Atlantic region picks up sharply in May

Thu, 18 May 2017

(ShareCast News) - Factory activity in the US mid-Atlantic region accelerated sharply in May as shipments picked-up, the results of one of the most widely-followed surveys for the sector revealed. The... [more]

Initial US weekly unemployment claims fall further

Thu, 18 May 2017

(ShareCast News) - Two key indicators of the US labour market tightened further last week. Initial weekly unemployment claims fell by 4,000 to reach 232,000 during the week ending 13 May, according to... [more]

Trading in Brazilian stocks headed for rocky start, real crushed

Thu, 18 May 2017

(ShareCast News) - Capital markets in Brazil were sent into a tailspin by allegations that president Michel Temer had sanctioned paying bribes to the main architect of ex-president Dilma Rousseff's ou... [more]

Trump campaign had 18 undisclosed Russia contacts - Reuters

Thu, 18 May 2017

(ShareCast News) - US President Donald Trump and his campaign had as many as 18 undisclosed contacts with Russian officials during last year's election, Reuters has reported. According to sources cite... [more]

Former FBI director Mueller appointed to lead Russia probe

Thu, 18 May 2017

(ShareCast News) - The US Department of Justice has appointed former FBI director Robert Mueller as special counsel to lead the investigation into Russian interference in last year's presidential elec... [more]

EU commissioner says trade deals must meet bloc standards

Thu, 18 May 2017

(ShareCast News) - Any trade deal negotiated by the EU following the conclusion of Brexit negotiations must meet the standards set by the bloc for labour and competition rules, the European Commission... [more]

FX round-up: Dollar on backfoot as Fed rate hike expectations pared back

Wed, 17 May 2017

(ShareCast News) - Allegations that US president Donald Trump tried to influence an investigation into his former national security adviser sent the US dollar to its lowest level since early November ... [more]

US congressman officially calls for Trump impeachment

Wed, 17 May 2017

(ShareCast News) - Democratic congressman Al Green has become the first politician to officially call for Donald Trump to be impeached. The US President has faced intense scrutiny this week following ... [more]

Euro area construction output slides in March

Wed, 17 May 2017

(ShareCast News) - Construction output in the Eurozone fell in March as building activity fell back following an outsized jump in the month before. Total production dropped by 1.1% month-on-month, acc... [more]

Euro area CPI picks-up in April, as expected

Wed, 17 May 2017

(ShareCast News) - The cost of living in the euro area picked up in April amid broad gains for inflation across all categories. Last month, the headline consumer price index advanced at a 0.4% month-o... [more]