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FX round-up: Sterling sold lower ahead of Article 50 as S.Africa's rand dives

FX round-up: Sterling sold lower ahead of Article 50 as S.Africa's rand dives

Tue, 28 March 2017

(ShareCast News) - Sterling had a torrid time on key crosses Tuesday as a pall of pre-Brexit nerves again weighed on sentiment, although the British unit's downcast performance was well and truly outp... [more]

London close: Nothing much ado amid investor caution on Brexit-eve day

London close: Nothing much ado amid investor caution on Brexit-eve day

Tue, 28 March 2017

(ShareCast News) - Stocks in London drifted through Brexit-eve day to a positive bias as investors displayed caution ahead of Prime Minister Theresa triggering Article 50 of the Lisbon Treaty on Wedne... [more]

Commodities: Crude bounces back, but overall mood remains bearish

Commodities: Crude bounces back, but overall mood remains bearish

Tue, 28 March 2017

(ShareCast News) - Crude-oil futures are bouncing back on Tuesday afternoon after emerging from their lows of last week, but the overall mood towards the black liquid is considered to remain bearish. ... [more]

US goods deficit shrinks sharply in February

US goods deficit shrinks sharply in February

Tue, 28 March 2017

(ShareCast News) - America cut its trade shortfall with the rest of the world in February, amid a sharp drop in the pace of purchases of automobiles and consumer products from overseas. The deficit on... [more]

US home price gains accelerate to 31-month high in January

US home price gains accelerate to 31-month high in January

Tue, 28 March 2017

(ShareCast News) - Home price gains in the US accelerated slightly at the beginning of the year, reaching their fastest pace in over two years. The S&P CoreLogic Case-Shiller national home price index... [more]

Cyclone Debbie rips through Australia as police chief warns of fatalities

Tue, 28 March 2017

(ShareCast News) - Australia has seen widespread destruction on its eastern coast as Cyclone Debbie made its away across the country, with police chiefs warning that there is likely to be deaths cause... [more]

Fed's Evans sounds dovish note

Mon, 27 March 2017

(ShareCast News) - A top US central bank official sounded a relatively dovish note on Monday. Speaking at a conference in Madrid, Spain, Chicago Fed president Charles Evans reportedly said he did not ... [more]

FX round-up: Sterling rides higher, seen by some as possibly undervalued

Mon, 27 March 2017

(ShareCast News) - Sterling posted robust gains on major crosses on Monday, in part due to a weaker dollar as traders pondered whether US President Donald Trump can deliver on his promises and also as... [more]

HSBC now sees three Fed hikes in 2017 and one more in 2018

Mon, 27 March 2017

(ShareCast News) - Economists at HSBC raised their interest rate forecasts for the US, bringing them more in-line with the consensus view - up to a point. The broker now expects the US Federal Reserve... [more]

London close: FTSE falls on resources, financials as Trump's ability to deliver scrutinised

Mon, 27 March 2017

(ShareCast News) - Equities in London closed the day much lower with investors selling resources stocks and heading for gold on doubts about whether US President Donald Trump will be able to deliver o... [more]

Commodities: Gold surges after Trump's Healthcare Bill denied by Congress

Mon, 27 March 2017

(ShareCast News) - Gold surged on Monday afternoon as traders rattled by US President Donald Trump's failure to get his Healthcare Bill passed in Congress on Friday sparked a rush away from the dollar... [more]

Greece to plug refugee intake after reaching its 'limits'

Mon, 27 March 2017

(ShareCast News) - Greek migration minister Ioannis Mouzalas has said the country will not be taking in any more refugees under the Dublin Regulation, as he says it is no longer able to cope with the ... [more]

Rand recoils as Zuma recalls finance minister

Mon, 27 March 2017

(ShareCast News) - South Africa's rand tumbled sharply on Monday after finance minister Pravin Gordhan was recalled by President Jacob Zuma. The President "did not give permission" for Gordhan's trip ... [more]

German business confidence at highest since 2011

Mon, 27 March 2017

(ShareCast News) - German business confidence unexpectedly improved in March, according to a widely-followed survey. The Ifo's business climate index rose to 112.3 from 111.1 in February, beating ex... [more]

Brexit optimism waning: only 29% believe it will benefit economy

Mon, 27 March 2017

(ShareCast News) - British consumers increasingly believe the economy will be worse off after Brexit, with a new survey finding just 29% people feel separation from the European Union will have a posi... [more]

Republicans pull healthcare bill before vote

Fri, 24 March 2017

(ShareCast News) - The White House pulled its proposed bill to reform the US healthcare system at the last moment despite what some had assumed to be widespread Republican support to revamp Obamacare.... [more]

FX round-up: Sterling downcast on Friday as US Congress votes on Trump's Healthcare Bill

Fri, 24 March 2017

(ShareCast News) - Sterling turned in a downcast Friday performance as it slipped on most key pairs, with global markets drifting as US President Donald Trump's Healthcare Bill goes to a congressional... [more]

London close: FTSE drifts lower ahead of pivotal US Congress healthcare vote

Fri, 24 March 2017

(ShareCast News) - Equities in London spent most of the session adrift with a slightly negative bias ahead of the US congressional vote on President Donald Trump's Healthcare Bill, with little in the ... [more]

Marine Le Pen calls for an end to Russia sanctions

Fri, 24 March 2017

(ShareCast News) - French National Front leader Marine Le Pen has urged the international community to lift sanctions placed on Russia after its annexation of Crimea in 2014. The French presidential c... [more]

Commodities: Crude trades sideways as traders look to Opec's Sunday meeting

Fri, 24 March 2017

(ShareCast News) - Crude-oil futures traded essentially sideways ahead of Opec's meeting on Sunday, with traders already nervous about the global glut of the black liquid looking for a further product... [more]

Cadbury may cut chocolate sizes as Brexit effect bites

Fri, 24 March 2017

(ShareCast News) - Britons could be about to get less bite for their buck as US-owned chocolate maker Cadbury has indicated that its products could be trimmed in size or increased in price post-Brexit... [more]

US durable goods orders jump in February, but details weaker

Fri, 24 March 2017

(ShareCast News) - Orders for goods meant to last more than three years jumped in February on the back of a large increase in those for civilian aircraft. Total durable goods orders grew 1.7% month-on... [more]

Federal Reserve in better position to stop balance sheet reinvestment, Bullard says

Fri, 24 March 2017

(ShareCast News) - The US central bank may now be in a better position to stop reinvesting the proceeds of its assets in acquiring new ones, a top member of the Federal Reserve said. Furthermore, the ... [more]

US business activity expands at slowest pace in six months in March

Fri, 24 March 2017

(ShareCast News) - Business activity in the US expanded at its slowest pace since September 2016 in March, according to data released on Friday. Markit's flash US composite output index - which measur... [more]

Under pressure Fillon accuses Hollande of meddling in French election

Fri, 24 March 2017

(ShareCast News) - Francois Fillon, French presidential candidate and former prime minister, has accused President Francois Hollande of unduly interfering in the country's election. The first round of... [more]