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Economic news

UK mortgage approvals tick lower in June

UK mortgage approvals tick lower in June

Wed, 26 July 2017

(ShareCast News) - UK mortgage approvals fell in June, albeit less than expected, according to data released by UK Finance. House purchase approvals declined to 40,200 from 40,287 the month before, co... [more]

UK economic growth remains lacklustre in second quarter

UK economic growth remains lacklustre in second quarter

Wed, 26 July 2017

(ShareCast News) - UK economic growth remained tepid in the second quarter, according to the Office for National Statistics, though the initial estimate for gross domestic product was in line with eco... [more]

US consumer confidence unexpectedly improves in July

US consumer confidence unexpectedly improves in July

Tue, 25 July 2017

(ShareCast News) - US consumer confidence unexpectedly rose to a four-month high in July, according to the latest data from the Conference Board. The confidence index increased to 121.1 from 117.3 in ... [more]

US house price growth slows in May - S&P/Case-Shiller

US house price growth slows in May - S&P/Case-Shiller

Tue, 25 July 2017

(ShareCast News) - US house price growth eased in May, according to the S&P/Case-Shiller National Home Price Index. The 20-city index was up 5.7% on the year, down from 5.8% the month before and below... [more]

FCA proposes banks increase transparency to customers

FCA proposes banks increase transparency to customers

Tue, 25 July 2017

(ShareCast News) - The UK financial watchdog has launched proposals to help customers make comparisons for business and personal current accounts. The Financial Conduct Authority (FCA) is proposing fi... [more]

CBI's UK industrial production survey shows mixed picture

Tue, 25 July 2017

(ShareCast News) - UK industrial production in recent months increased at the fastest pace since the mid 1990s, the CBI has found, although its headline balance of total orders was lower than forecast... [more]

Bank of England warns lenders of complacency over consumer credit

Tue, 25 July 2017

(ShareCast News) - The Bank of England has warned banks and other credit providers that they may face fresh action against careless lending, in what was referred to as a "spiral of complacency" regard... [more]

German business confidence hits record high in July

Tue, 25 July 2017

(ShareCast News) - German business confidence unexpectedly improved in July, according to a widely-followed survey. The Ifo's business climate index rose to 116 from 115.2 the month before, beating ex... [more]

Grocery price inflation eases off as Tesco growth accelerates - Kantar

Tue, 25 July 2017

(ShareCast News) - Supermarket prices continue to rise but are no longer accelerating, found researchers at Kantar Worldpanel, with Tesco enjoying the best of the summer but all of the 'big four' stil... [more]

UK govt to ban leaseholds on new build houses

Tue, 25 July 2017

(ShareCast News) - The UK government on Tuesday said it would ban builders from selling new homes as leasehold and was considering cutting ground rents to zero to curb a growing national scandal that ... [more]

US existing home sales drop more than expected in June

Mon, 24 July 2017

(ShareCast News) - Sales of US existing homes fell more than expected in June, according to data from the National Association of Realtors. Sales were down 1.8% to a seasonally-adjusted annual rate of... [more]

£350k confiscation order made against former Schroders trader

Mon, 24 July 2017

(ShareCast News) - The City watchdog has won a court case against a former Schroders fund manager for the sum of £350,000. On Monday, Damian Clarke was ordered to pay the amount within three months or... [more]

Markit's flash US manufacturing PMI at four-month high in July

Mon, 24 July 2017

(ShareCast News) - Markit's flash US manufacturing purchasing managers' index came in at a four-month high in July. The manufacturing index rose to 53.2 from 52.0 the month before amid accelerated gro... [more]

Trade secretary Fox in Washington for talks over US deal

Mon, 24 July 2017

(ShareCast News) - UK trade representatives have arrived in Washington in order to discuss a post-Brexit trade deal with their US counterparts. According to EU rules, the UK cannot sign any trade deal... [more]

Government 'should reassess stance' on wind power

Mon, 24 July 2017

(ShareCast News) - Onshore windfarms could be built in the UK for the same cost as new gas power stations and nearly half as much as that of the Hinkley Point C nuclear plant, new analysis of the sect... [more]

Gove insists 'change needs to come' while calling for plastic bottle deposit scheme

Fri, 21 July 2017

(ShareCast News) - Environment secretary Michael Gove cited the 5p charge for plastic bags when speaking on how a bottle return scheme would require the "enthusiastic embrace" of retailers. "It is the... [more]

Irish ambassador calls on UK to remain in Customs Union

Fri, 21 July 2017

(ShareCast News) - Britain should remain in the EU Customs Union following Brexit in order to avoid problems with the Irish border, the country's ambassador to the UK said on Friday. In an interview w... [more]

Cabinet united on 'pragmatic' Brexit transition period, Gove says

Fri, 21 July 2017

(ShareCast News) - The cabinet is committed to taking a "pragmatic approach" to free movement in the post-Brexit transition period, environment minister Michael Gove said on Friday, bowing to pressure... [more]

"Brexit impact" slows down rate of house price growth

Fri, 21 July 2017

(ShareCast News) - The largest cities in the UK saw an average increase of 5.1% in house prices in the twelve months to June 2017, however, the capital saw growth slow to 2.6%, the slowest rate in mor... [more]

UK property transactions fall again - HMRC

Fri, 21 July 2017

(ShareCast News) - The number of homes being sold in the UK has shrunk for the third month in a row, according to official figures released on Friday. There were 96,910 residential sales completed in ... [more]

Government borrowing rises more than expected in June

Fri, 21 July 2017

(ShareCast News) - Public sector net borrowing rose more than expected in June as inflation meant the government was forced to pay more interest on its debt, according to data from the Office for Nati... [more]

Goldman Sachs executive urges Brexit transition deal as soon as possible

Fri, 21 July 2017

(ShareCast News) - The government should seek to implement a significant transition period for Brexit from March 2019, one of Goldman Sachs' top executives has said. Richard Gnodde told the BBC on Fri... [more]

Sir Vince Cable elected unopposed to Lib Dem leadership

Thu, 20 July 2017

(ShareCast News) - Sir Vince Cable has been named the new leader of the Liberal Democrats Party, becoming the oldest leader of the party in its history. Other possible contenders for the nomination Jo... [more]

Philly Fed index falls more than estimated in July

Thu, 20 July 2017

(ShareCast News) - Manufacturing conditions in the Philadelphia region deteriorated more than expected in July, according to a survey released on Thursday. The diffusion index for current activity fel... [more]

US jobless claims drop more than expected

Thu, 20 July 2017

(ShareCast News) - The number of Americans filing for unemployment benefits fell more than expected last week, according to data from the Labor Department. US initial jobless claims dropped by 15,000 ... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Tractor Supply Company 53.53 3.90 22:22
Fastenal Co. 44.08 2.44 22:52
JD.com, Inc. 44.46 2.11 23:09
J.B. Hunt Transport Services Inc. 93.36 1.99 22:56
Dollar Tree Inc 70.59 1.89 22:52

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Seagate Technology Plc 33.20 -16.50 23:09
Micron Technology Inc. 29.90 -5.59 23:10
Incyte Corp. 133.56 -3.41 22:40
Viacom Inc. Class B 35.01 -3.34 22:52
Alphabet Inc. Class C 950.70 -3.02 23:08