Currencies News
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Eurozone 'stuck in a rut' as business activity contracts for second month
Thursday 24 Oct 2024
(Sharecast News) - Business activity across the eurozone remained in the doldrums this month, with the composite purchasing managers' index (PMI) rising but remaining close to a seven-month low. Read More
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FCA fines VW Finance £5.4m for unfair customer treatment
Monday 21 Oct 2024
(Sharecast News) - The Financial Conduct Authority (FCA) has fined Volkswagen Financial Services UK £5.4m for failing to treat customers in financial difficulty fairly, it announced on Monday. Read More
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German producer prices fall more than expected
Monday 21 Oct 2024
(Sharecast News) - Wholesale prices in Germany fell for the first time in seven months in September as energy prices continued to decline, while the annual rate of deflation picked up pace, according ... Read More
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PBOC cuts benchmark lending rates as expected
Monday 21 Oct 2024
(Sharecast News) - The People's Bank of China said on Monday that it was cutting its two benchmark lending rates by 25 basis points. Read More
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US housing starts slip 0.5pc in September
Friday 18 Oct 2024
(Sharecast News) - US housing starts slipped 0.5% month-on-month to a reading of 1.35m in September, according to the Census Bureau, in line with market expectations. Read More
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Eurozone construction edged higher in August
Friday 18 Oct 2024
(Sharecast News) - Construction output in the eurozone inched higher in August but remained well below last year's levels, according to figures from Eurostat on Friday. Read More
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China's economic growth slows in third quarter
Friday 18 Oct 2024
(Sharecast News) - China's faltering economic growth slowed in the last quarter, official data released on Friday showed, although the slowdown was not as steep as feared. Read More
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US industrial production falls as strikes, hurricanes hit output
Thursday 17 Oct 2024
(Sharecast News) - Industrial production in the US retreated in September, falling more than expected, according to data from the Federal Reserve on Thursday. Read More
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Philly Fed manufacturing index surges to 10.3 in October
Thursday 17 Oct 2024
(Sharecast News) - The Philadelphia Federal Reserve's manufacturing index surged to 10.3 in October, a marked increase when compared to the previous month's reading of 1.7 and significantly ahead of e... Read More
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US retail sales rise more than expected in September
Thursday 17 Oct 2024
(Sharecast News) - US retail sales rose more than expected in September, according to fresh data released on Thursday, driven by a broad-based increase across several sectors. Read More
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Turkish central bank holds rates at 50%
Thursday 17 Oct 2024
(Sharecast News) - Turkey's central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected. Read More
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US initial jobless claims fall from 14-month high
Thursday 17 Oct 2024
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 12 October, according to the Labor Department, down from a 14-month high in the previous week. Read More
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ECB cuts rates to 3.25%, as expected
Thursday 17 Oct 2024
(Sharecast News) - The European Central Bank cut interest rates on Thursday for the third time this year, as expected. Read More
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Eurozone inflation revised lower, reinforcing calls for ECB rate cut
Thursday 17 Oct 2024
(Sharecast News) - Eurozone inflation figures for September were revised lower on Thursday, falling further below the European Central Bank's target of 2% to levels not seen since April 2021. Read More
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US import price index undershoots forecasts in September
Wednesday 16 Oct 2024
(Sharecast News) - The cost in the US of goods purchased overseas undershot economists' forecasts last month as the fuel prices plummeted. Read More
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US mortgage applications plummet by 17pc
Wednesday 16 Oct 2024
(Sharecast News) - US mortgage applications fell by 17% in the week ended 11 October, according to the Mortgage Bankers Association of America, extending the prior week's 5.1% drop. Read More
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Eurozone industrial production rebounds in August
Tuesday 15 Oct 2024
(Sharecast News) - Eurozone industrial production posted a robust 1.8% month-on-month increase in August, marking a significant rebound from the 0.5% contraction in July, according to fresh data from ... Read More
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German economic sentiment rebounds as global macro outlook improves
Tuesday 15 Oct 2024
(Sharecast News) - Economists, analysts and finance professionals turned more positive about the outlook for the Germany economy this month, according to the closely watched ZEW Indicator of Economic ... Read More
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UK wage growth falls as employers cut payrolls, raising rate cut hopes
Tuesday 15 Oct 2024
(Sharecast News) - UK earnings growth fell to its lowest level for more than two years, in another sign that the jobs market was weakening as businesses cut the number of workers on payrolls, accordin... Read More
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China export and import growth slows further
Monday 14 Oct 2024
(Sharecast News) - China's exports and imports grew significantly less than expected in September, according to fresh data released on Monday. Read More
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