Login/Register

Economic News News

Economic news

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]

Scottish Parliament expected to back indyref2

Scottish Parliament expected to back indyref2

Tue, 28 March 2017

(ShareCast News) - The Scottish Parliament is expected to back the Scottish Nationalist Party's motion to hold a second independence referendum within two years. The vote comes after a meeting with Pr... [more]

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

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]

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]

Food industry calls on government to secure FTA before leaving EU

Mon, 27 March 2017

(ShareCast News) - Ahead of Prime Minister Theresa May triggering formal divorce proceedings with the European Union on Wednesday, industry bodies from the food sector have called on the government to... [more]

Opec, non-Opec states defer extension on cuts; Oil price slides

Mon, 27 March 2017

(ShareCast News) - Opec and non-Opec oil producers agreed to review whether a deal to throttle supply should be given a six month extension. In a statement released on Sunday, the Joint Ministerial Mo... [more]

Pro-Brexit think tank says UK should abandon customs union

Mon, 27 March 2017

(ShareCast News) - The UK should leave the European customs union entirely and avoid a "half-in, half-out, compromise a pro-Brexit think tank warned. Open Europe, a eurosceptic organisation, said it b... [more]

Bank of England stress tests to examine management execution

Mon, 27 March 2017

(ShareCast News) - In its 2017 stress test, the Bank of England UK banks will scrutinise the UK's biggest banks for their ability to cope with an interest rate hike and a seven-year continuation of th... [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]

FirstGroup consortium wins UK's South Western rail franchise

Mon, 27 March 2017

(ShareCast News) - FirstGroup has won the seven-year contract from the UK Department for Transport to operate trains on the South Western rail franchise, with rival Stagecoach among those missing out.... [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]

Excel cycle courier wins holiday pay case

Fri, 24 March 2017

(ShareCast News) - A self-employed cycle courier working for Excel, which is part of CitySprint, has won entitlement to holiday pay after a central London employment tribunal ruled that he was actuall... [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 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]

BBA's consumer credit slowdown likely to relieve Bank of England

Fri, 24 March 2017

(ShareCast News) - UK consumer borrowing in the form of personal loans and overdrafts slowed in February, according to data from the British Bankers Association, which tied in with the slowing retail ... [more]

UK housing market faces pressure as banks approve fewer mortgages

Fri, 24 March 2017

(ShareCast News) - British banks approved a smaller number of mortgages last month, according to the British Banking Association's monthly report on Friday, putting some pressure on the housing market... [more]

Robots to replace 30% of UK jobs over next two decades - PwC

Fri, 24 March 2017

(ShareCast News) - Up to 30% of jobs in the UK could be replaced by automation by the 2030s, according to new research, affecting industries such as transportation, manufacturing and retail the most. ... [more]

Inflation surge does not automatically mean rates will rise, BoE's Vlieghe says

Fri, 24 March 2017

(ShareCast News) - Even an acceleration in consumer prices to 3.5% might not justify a hike in Bank Rate, a top Bank of England official said, unless it is accompanied by growth in wages. What mattere... [more]

ECB's Praet reiterates rates to remain at current lows, criticises anti-establishment parties

Fri, 24 March 2017

(ShareCast News) - The European Central Bank will keep interest rates low well past the end of its bond purchase programme, its top policy thinker reiterated, while criticising anti-establishment part... [more]

UK's Brexit bill will be around £50bn, EC President Juncker says

Fri, 24 March 2017

(ShareCast News) - Britain's bill for exiting the European Union will be close to £50bn and "must be honoured", European Commission President Jean Claude Juncker said, but he is not approaching the im... [more]

Eurozone business growth near six-year high in March

Fri, 24 March 2017

(ShareCast News) - Markit's flash eurozone composite purchasing managers' index unexpectedly rose in March, to a near six-year high. The composite PMI, which covers both the services and manufacturing... [more]