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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]

London close: FTSE 100 dragged down by banks and miners

London close: FTSE 100 dragged down by banks and miners

Fri, 24 February 2017

(ShareCast News) - Banks and miners led the FTSE to a lower close Friday, in a session awash with blue-chip news including disappointing annual results from Royal Bank of Scotland and Standard Charter... [more]

Mexican current account deficit narrows further in fourth quarter 2016

Mexican current account deficit narrows further in fourth quarter 2016

Fri, 24 February 2017

(ShareCast News) - Mexico's current account deficit narrowed over the last three months of 2016 on strength in manufacturing, but risks were on the rise, economists said. In the fourth quarter, the cu... [more]

Europe close: Stocks turn lower on investor caution, heightened political risk

Europe close: Stocks turn lower on investor caution, heightened political risk

Fri, 24 February 2017

(ShareCast News) - European stocks retreated on Friday, weighed down by a broad pull-back in risk apettite globally ahead of a key speech from US president Donald Trump in the following week. By the... [more]

Trump whips up CPAC with 'massive' tax cut pledge, Mexico wall timetable

Trump whips up CPAC with 'massive' tax cut pledge, Mexico wall timetable

Fri, 24 February 2017

(ShareCast News) - President Donald Trump told the Conservative Political Action Conference he would "massively" lower taxes for America's middle classes as well as trimming business taxes, while also... [more]

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'

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

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

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]

Polish army generals removed by government despite NATO plea

Fri, 24 February 2017

(ShareCast News) - Poland's government has deposed the vast majority of its military leadership as it seeks to rid the country's institutions of officials appointed by the previous government. Warsaw ... [more]

Breakout for bonds and US dollar ahead, BofA-Merrill Lynch says

Fri, 24 February 2017

(ShareCast News) - Investors continued to rotate towards so-called 'inflation trades', ahead of a likely break-out in bonds and the US dollar, according to the widely-followed weekly tally of fund flo... [more]

French election concerns to keep dragging stocks lower

Fri, 24 February 2017

(ShareCast News) - The upcoming French presidential elections of 23 April and 7 May are a key concern for investors as jitters seeped further into European Markets at the end of the week. On Friday, F... [more]

Europe midday: RBS, BASF push stocks lower as France election jitters seep in

Fri, 24 February 2017

(ShareCast News) - European stocks retreated on Friday, dragged lower by earnings from Royal Bank of Scotland and German chemical giant BASF, as well as market jitters about the prospect of a Marine L... [more]

Google's self-driving car operation accuses Uber of technology 'theft'

Fri, 24 February 2017

(ShareCast News) - Ride-hailing company Uber Technologies has been accused of theft from Google's self-driving technology company, Waymo. Alphabet, the parent company of Google and Waymo, filed a lega... [more]

Asia report: Markets lower as Samsung executives offer to resign

Fri, 24 February 2017

(ShareCast News) - Markets in Asia were mostly lower on Friday, with investors turning their attention to Samsung Group after reports emerged that some of its executives had offered to resign amid the... [more]

US pre-open: Stocks seen lower, Dow to break winning streak

Fri, 24 February 2017

(ShareCast News) - Futures pointed to a slightly weaker open on Wall Street on Friday, with the Dow set to break its 10-day streak of record closes. At 1100 GMT, Dow Jones Industrial Average and S&P 5... [more]

We are not in the 1930s, Credit Suisse says on protectionism

Fri, 24 February 2017

(ShareCast News) - Globalisation may be past its peak but the risk that trade protectionism might get out of hand might be less than some investors think, Credit Suisse said. The Swiss broker's most r... [more]

Italian industrial orders jump at the end of 2016

Fri, 24 February 2017

(ShareCast News) - Italian industrial orders jumped in December, driven by strong domestic demand, although sales were strongest abroad. Total orders grew by 2.8% month-on-month as a 6.8% jump in thos... [more]

Ex-IMF chief Rodrigo Rato sentenced to four years in prison

Fri, 24 February 2017

(ShareCast News) - A former head of the International Monetary Fund has been sentenced to four years in a Spanish jail after he was found guilty of the misuse of corporate credit cards during his time... [more]

Europe open: Banks under pressure at the start of the day, Trump in focus

Fri, 24 February 2017

(ShareCast News) - Stocks began the session with slight losses, tracking a mixed close overnight on Wall Street and with stock in RBS and StanChart leading the way lower on the back of their latest fu... [more]

Trump insists on increasing US nuclear arsenal

Fri, 24 February 2017

(ShareCast News) - President Donald Trump has said that the US should expand its nuclear capability while there is no agreement to eradicate weapons on a global scale. Trump told Reuters that the US m... [more]

US open: Stocks on the back foot as Dow edges away from record close

Fri, 24 February 2017

(ShareCast News) - US stocks were on the back foot on Friday, tracking their European peers as the Dow looked set to break its run of 10 consecutive record closes. On Thursday, stocks ended mixed, wit... [more]

US close: Stocks finish session mixed; Dow complete 10th straight record finish

Fri, 24 February 2017

(ShareCast News) - US shares ended the session on Thursday in mixed fashion with the Dow Jones Industrial Average delivering its 10th straight record close while the Nasdaq declined again. The S&P 500... [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]

Europe close: Stocks slip as Basic Resources, Bank shares retreat

Thu, 23 February 2017

(ShareCast News) - Europe's main stock market benchmarks ended slightly lower weighed down by losses for Basic Resources and Banks. The Stoxx 600 edged higher by 0.01% to 373.41 as the Dax drifted low... [more]