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FX round-up: Sterling endures torrid Friday as traders head for safe-haven gold

FX round-up: Sterling endures torrid Friday as traders head for safe-haven gold

Fri, 24 February 2017

(ShareCast News) - Sterling had a torrid time on key crosses Friday with traders buying defensive assets such as gold on concerns about Europe's political unease, and worries about the economic impact... [more]

Commodities: Dissatisfied traders sell crude on rise in US inventories

Commodities: Dissatisfied traders sell crude on rise in US inventories

Fri, 24 February 2017

(ShareCast News) - Crude-oil futures are rising Friday as traders continue to express dissatisfaction at yet another rise in US inventories amid a long-running global glut of the black liquid. At roug... [more]

Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'

Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'

Fri, 24 February 2017

(ShareCast News) - Goldman Sachs has been downgraded to 'sell' by Berenberg as the German bank indicated its belief that the investment banking behemoth's stock is now overvalued and that it could fac... [more]

US new home sales rise less than expected in January

US new home sales rise less than expected in January

Fri, 24 February 2017

(ShareCast News) - Sales of new US single-family homes rose less than expected in January, according to official data released on Friday. Figures from the Commerce Department showed new home sales wer... [more]

US consumer confidence weakens in February

US consumer confidence weakens in February

Fri, 24 February 2017

(ShareCast News) - US consumer sentiment weakened in February, according to the final reading from the University of Michigan. The consumer sentiment index printed at 96.3, better than the preliminary... [more]

Royal Mail hikes postage prices in line with Brexit-charged inflation

Fri, 24 February 2017

(ShareCast News) - Royal Mail is hiking the price of first- and second-class postage stamps by amounts in line with UK's Brexit-charged rate of inflation, adding to the increasing shop-counter burden ... [more]

UK mortgage approvals hit 12-month high in January

Fri, 24 February 2017

(ShareCast News) - The British Bankers' Association approved 44,657 mortgages last month, up from 43,581 in December and the highest number since January last year. The figures were also ahead of anal... [more]

Ofgem confirms it will cut National Grid's spending allowance

Fri, 24 February 2017

(ShareCast News) - Energy regulator Ofgem confirmed on Friday that it will cut National Grid's spending allowance for running the high voltage electricity grid and high pressure gas main by £185m. Ofg... [more]

FX round-up: Sterling up on UK retail data as dollar drops after Fed's jawboning

Thu, 23 February 2017

(ShareCast News) - Sterling firmed on key crosses Thursday, helped up by a slight improvement in UK retail-sales figures, a widely weaker dollar on perceived Federal Reserve jawboning and lingering Eu... [more]

US Treasury secretary Mnuchin vows 'very significant' tax reform by August

Thu, 23 February 2017

(ShareCast News) - Donald Trump's newly appointed Treasury secretary Steven Mnuchin has said that 'very significant' tax reforms will be in place in the US by August. Mnuchin, the former Goldman Sachs... [more]

Neil Woodford launching new income-focused fund

Thu, 23 February 2017

(ShareCast News) - Star fund manager Neil Woodford has revealed a few more details about a new income fund that he will manage alongside his popular existing funds, which attracted record inflows on l... [more]

Commodities: Crude surges on drop in US supplies as gold rises, dollar falls

Thu, 23 February 2017

(ShareCast News) - Crude-oil futures raced ahead Thursday after overnight American Petroleum Institute figures revealed a drop in US supplies of the black liquid. At 15:37 GMT, Nymex-priced West Texas... [more]

US initial jobless claims rise more than expected

Thu, 23 February 2017

(ShareCast News) - The number of Americans filing for unemployment benefits rose more than expected last week, according to data from the Labor Department. US initial jobless claims were up 6,000 from... [more]

UK retail sales rebound in February, CBI finds

Thu, 23 February 2017

(ShareCast News) - UK retail sales rebounded slightly in February after slipping at the beginning of the year, according to the CBI's Distributive Trades Survey. The survey showed a balance of 9% more... [more]

FX round-up: Sterling, dollar lower as markets anticipate FOMC minutes

Wed, 22 February 2017

(ShareCast News) - Sterling was mostly lower Wednesday as mixed UK economic data reinvigorated Brexit nerves in the market, with investors' attentions now on the Federal Open Market Committee (FOMC) m... [more]

London close: FTSE up as Lloyds, Barratt lead blue chips higher

Wed, 22 February 2017

(ShareCast News) - Shares in London ended Wednesday on a mixed note after confirmation the UK saw better than expected economic growth at the end of 2016, with blue chips benefiting from a softer ster... [more]

Theresa May promises 'relief' for small businesses, stops short of cash pledge

Wed, 22 February 2017

(ShareCast News) - British Prime Minister Theresa May has reassured business affected by rates rises related to property valuations that there will be "appropriate relief" given to those worst hit, bu... [more]

Brexit without new trade deal for UK would be 'insane' - Sir Ivan Rogers

Wed, 22 February 2017

(ShareCast News) - Britain's former trade envoy to the EU has slammed the prospect of Brexit without a new trade deal in place as "insane," with markets having sweated for months about the UK's prospe... [more]

US existing home sales rise more than expected in January

Wed, 22 February 2017

(ShareCast News) - Sales of US existing homes rose more than expected in January, to a 10-year high, according to data from the National Association of Realtors. Sales were up 3.3% to a seasonally-adj... [more]

Eurozone inflation confirmed at 1.8% for January

Wed, 22 February 2017

(ShareCast News) - Inflation in the eurozone rose 1.8% in January compared to a 1.1% jump the month before and close to the European Central Bank's target of just below 2%, data from Eurostat confirme... [more]

UK Q4 growth revised up to 0.7%

Wed, 22 February 2017

(ShareCast News) - The UK economy grew more than initially estimated in the fourth quarter of last year, according to data from the Office for National Statistics. Gross domestic product was up 0.7% i... [more]

German Ifo business confidence unexpectedly improves in February

Wed, 22 February 2017

(ShareCast News) - German business confidence unexpectedly improved in February, according to a widely-followed survey. The Ifo Institute's business climate index rose to 111.0 from 109.9 in January, ... [more]

Commodities: Crude soars as Opec official signals potential for more measures to curb glut

Tue, 21 February 2017

(ShareCast News) - Crude-oil futures raced ahead Tuesday as a key Opec official said more measures may be needed to curb a persistent global glut of the black liquid, while a stronger dollar weighed o... [more]

US private sector growth slows in February

Tue, 21 February 2017

(ShareCast News) - Markit's flash US composite output index - which measures activity in the services and manufacturing sectors - fell to 54.3 in February from 55.8 the previous month. Still, this was... [more]

BoE's Haldane warns market of rate-hike expectation dangers

Tue, 21 February 2017

(ShareCast News) - Bank of England chief economist Andy Haldane warned that a spike in market expectations for a central bank interest-rate hike may harm the UK economy, against the already challengin... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Incyte Corp. 131.21 7.59 22:04
Intuit Inc. 128.01 6.06 22:10
J.B. Hunt Transport Services Inc. 99.82 2.58 21:45
Dollar Tree Inc 79.41 2.37 22:10
Paychex Inc. 61.81 2.32 21:30

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Baidu Inc. 175.17 -5.13 22:02
Liberty Global Plc Lilac Class A 25.31 -3.14 21:15
Liberty Global Plc Lilac Class C 25.27 -3.07 21:15
Shire Plc Ads 181.29 -2.24 21:15
Biomarin Pharmaceutical Inc. 87.51 -1.99 22:10