Currencies News
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Eurozone economy falters as services growth softens
Thursday 03 Oct 2024
(Sharecast News) - The eurozone economy faltered in September, a closely-watched survey showed on Thursday, weighed down by slowing growth in the bloc's dominant services sector. Read More
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Pound drops as BoE's Bailey says rate cuts could become 'more aggressive'
Thursday 03 Oct 2024
(Sharecast News) - Sterling took a hit on Thursday after Bank of England governor Andrew Bailey told the Guardian that the central bank could become a "bit more aggressive" in cutting interest rates a... Read More
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US mortgage applications fall 1.3pc
Wednesday 02 Oct 2024
(Sharecast News) - US mortgage applications fell by 1.3% week-on-week in the seven days ended 27 September, according to the Mortgage Bankers Association of America, the first drop in more than a mont... Read More
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Oil prices climb on heightened Middle East fears
Wednesday 02 Oct 2024
(Sharecast News) - Oil prices continued to climb on Wednesday, as fears mounted that conflict was set to spread across the Middle East following Iran's missile attack on Israel. Read More
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Eurozone unemployment holds steady at record low
Wednesday 02 Oct 2024
(Sharecast News) - Unemployment across the eurozone held steady in August at the record-low rate of 6.4%, according to figures from Eurostat on Wednesday. Read More
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US construction spending falls 0.1pc in August
Tuesday 01 Oct 2024
(Sharecast News) - US construction spending fell 0.1% month-on-month to a seasonally adjusted annual rate of $2.13trn in August, according to the Census Bureau, following a revised 0.5% decrease in Au... Read More
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ISM US manufacturing PMI holds steady in September
Tuesday 01 Oct 2024
(Sharecast News) - The Institute of Supply Management's manufacturing index, as market participants tried to gain fresh insight into the state of the US economy amid ongoing fears surrounding a potent... Read More
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Eurozone manufacturing PMI drops to nine-month low
Tuesday 01 Oct 2024
(Sharecast News) - The downturn in the eurozone manufacturing sector deepened in September with activity contracting at its sharpest rate this year, final estimates from S&P Global and Hamburg Commerc... Read More
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Chicago PMI rises more than expected, but downturn continues
Monday 30 Sep 2024
(Sharecast News) - The downturn in business activity in the Chicago region eased slightly in September but remained in negative territory for the 10th straight month. Read More
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German inflation falls to 1.8% in Sept raising rate cut hopes
Monday 30 Sep 2024
(Sharecast News) - German inflation fell more than expected in September to 1.8%, according to preliminary data from the federal statistics office released on Monday. Read More
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China factory activity slumps - PMI suveys
Monday 30 Sep 2024
(Sharecast News) - Manufacturing activity in China was still in the doldrums in September as demand for new orders fell, according to official and private surveys published on Monday. Read More
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China megacities ease curbs on home buying, PBoC acts again
Monday 30 Sep 2024
(Sharecast News) - Three Chinese megacities announced the relaxation of home buying rules in the latest round of measures aimed at boosting the country's ailing economy, while the central bank said it... Read More
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FTSE 250 movers: Burberry gains on China boost
Friday 27 Sep 2024
(Sharecast News) - FTSE 250 (MCX) 21,145.04 0.64% Read More
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US PCE growth slows to 2.2pc in August
Friday 27 Sep 2024
(Sharecast News) - Inflation inched closer towards the Federal Reserve's target last month, according to the Commerce Department, paving the way for future interest rate cuts. Read More
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Eurozone economic sentiment weakens in September
Friday 27 Sep 2024
(Sharecast News) - Confidence eased across the eurozone in September, an official survey released on Friday showed, as the bloc's economic recovery struggled to take hold. Read More
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Chinese equities rally as Beijing moves to bolster economy
Friday 27 Sep 2024
(Sharecast News) - Chinese equities rallied on Friday following a series of moves by Beijing intended to bolster the country's ailing economy, including a further cut to a key interest rate. Read More
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German unemployment holds steady at three-year high
Friday 27 Sep 2024
(Sharecast News) - The jobless rate in German was unchanged in September for the fourth straight month, remaining at the highest levels since mid-2021. Read More
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Second-quarter US GDP growth confirmed, but historic numbers revised up
Thursday 26 Sep 2024
(Sharecast News) - US economic activity expanded by 3% year-on-year in the second quarter of 2024, with the US Bureau of Economic Analysis confirming an earlier estimate, though GDP growth calculation... Read More
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US initial jobless claims hit four-month low
Thursday 26 Sep 2024
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 21 September, according to the Department of Labor. Read More
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German consumer confidence improves, but macro outlook worsens
Thursday 26 Sep 2024
(Sharecast News) - A survey gauging consumer sentiment in Germany improved more than expected this month, but confidence still remains well below the historic average as declining economic expectation... Read More
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