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  • China moves to spark housing market; Eco data paints mixed picture

    Friday 17 May 2024

    (Sharecast News) - The Chinese central bank moved again to help the struggling property sector on Friday by relaxing lending rules, as data showed house prices in major cities fell last month, while industrial production and retail sales data painted a more mixed economic picture.

  • US April import prices jump past forecasts on fuel costs

    Thursday 16 May 2024

    (Sharecast News) - The cost of goods purchased overseas jumped last month amid dearer prices for fuel imports.

  • Weekly US unemployment claims drop

    Thursday 16 May 2024

    (Sharecast News) - US firms continued to hold onto their workers during the latest week.

  • Philly Fed index declines amid drop in new orders

    Thursday 16 May 2024

    (Sharecast News) - Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed.

  • EC launches formal probe into how Meta protects minors

    Thursday 16 May 2024

    (Sharecast News) - The European Commission has launched formal proceedings to investigate whether Meta may have breached the Digital Services Act (DSA) through how it treats and protects minors on Facebook and Instagram.

  • Japan GDP contracts more than expected, clouds BoJ rate plans

    Thursday 16 May 2024

    (Sharecast News) - Japan's economy unexpectedly shrank in the first quarter as consumers tightened their belts in response to stagnant wage growth, companies cut spending and exports fell.

  • US mortgage applications rise 0.5%

    Wednesday 15 May 2024

    (Sharecast News) - US mortgage applications rose 0.5% in the week ended 10 May, according to the Mortgage Bankers Association of America, following on from a 2.6% jump in the previous week.

  • April US retail sales undershoot forecasts

    Wednesday 15 May 2024

    (Sharecast News) - American consumers reined in their spending last month, especially on motor vehicles and parts, as well as online.

  • US CPI increases 0.3% in April

    Wednesday 15 May 2024

    (Sharecast News) - Consumer goods and services prices increased 0.3% in April, according to the Bureau of Labor Statistics, principally due to higher oil prices and housing costs.

  • Eurozone inflation to fall faster than forecast - EU

    Wednesday 15 May 2024

    (Sharecast News) - Eurozone inflation is set to fall faster than initially expected this year, the European Commission forecast on Wednesday.

  • IEA cuts forecasts for oil demand in 2024

    Wednesday 15 May 2024

    (Sharecast News) - The International Energy Agency (IEA) has slashed its oil demand forecast for 2024 as a result of poor industrial activity and mild winter temperatures, which have sapped gasoil consumption so far this year.

  • Eurozone GDP edges higher in first quarter

    Wednesday 15 May 2024

    (Sharecast News) - Eurozone economic growth ticked higher in the first quarter of 2024, official data showed on Wednesday.

  • US producer prices rise by more than expected in April

    Tuesday 14 May 2024

    (Sharecast News) - Wholesale prices in the US jumped past economists' forecasts last month amid big increases in energy costs and retailers' margins.

  • US wholesale inflation rises more than forecast

    Tuesday 14 May 2024

    (Sharecast News) - US producers prices rebounded more than expected in April after a downwardly revised fall the previous month, with the annual rate of inflation rising to its highest level in a year.

  • OPEC holds production forecasts, plans to use OPEC+ outlook

    Tuesday 14 May 2024

    (Sharecast News) - OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.

  • US small business optimism improves, but owners remains downbeat

    Tuesday 14 May 2024

    (Sharecast News) - Optimism among small businesses in the US has increased for the first time this year, but still remains well below the long-term average as inflation continues to weigh on confidence.

  • Biden administration to hike tariffs on $18bn of Chinese goods

    Tuesday 14 May 2024

    (Sharecast News) - The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panels, steel, aluminium, and more.

  • Investor morale hits two-year high in Germany

    Tuesday 14 May 2024

    (Sharecast News) - German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high.

  • Fed members continue to push back against rate-cut hopes

    Friday 10 May 2024

    (Sharecast News) - Federal Reserve policymakers are continuing to push back against expectations for significant interest-rate cuts this year, with governor Michelle Bowman asking for patience before any policy easing takes place.

  • US consumer sentiment at six-month low as outlook weakens

    Friday 10 May 2024

    (Sharecast News) - Consumer sentiment in the United States dropped to a six-month low in May, according to a closely watched survey from the University of Michigan, falling much more than economists were expecting.

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