Economic News
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Rate cut expectations boost UK business confidence
Monday 09 Sep 2024
(Sharecast News) - UK businesses were experiencing a sustained period of growth, driven by robust performance in the services sector, despite ongoing challenges in the labour market, according to a fr... Read More
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China consumer prices rise less than expected, producer prices deflate
Monday 09 Sep 2024
(Sharecast News) - China's consumer inflation saw a modest increase in August, with the consumer price index (CPI) rising 0.6% year-on-year, up slightly from July's 0.5%. Read More
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Google abusing dominant position in online advertising - CMA
Friday 06 Sep 2024
(Sharecast News) - The UK competition watchdog has accused Alphabet's Google of using its dominant position in digital advertising to hinder competition and favour its own services. Read More
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Eurozone GDP growth revised down
Friday 06 Sep 2024
(Sharecast News) - The Eurozone economy expanded only marginally in the second quarter, official data showed on Friday, as growth struggled to take hold. Read More
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German industrial production falls more than expected in July
Friday 06 Sep 2024
(Sharecast News) - German industrial production fell much more than expected in July, according to data released on Friday by Destatis. Read More
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House prices pick up to two-year high - Halifax
Friday 06 Sep 2024
(Sharecast News) - UK house prices edged up to a two-year high in August as confidence picked up amid easing interest rates, according to figures released by Halifax on Friday. Read More
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CMA launches probe into Ticketmaster over Oasis ticket sales
Thursday 05 Sep 2024
(Sharecast News) - The Competition and Markets Authority has launched an investigation into Ticketmaster follow the sale of tickets for legendary British rock band Oasis' upcoming reunion tour, includ... Read More
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Eurozone retail sales struggle in July
Thursday 05 Sep 2024
(Sharecast News) - Eurozone retail sales edged only marginally higher in July, official data showed on Thursday, as a recovery struggled to take hold. Read More
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UK new car registrations fall slightly in August ahead of new plates
Thursday 05 Sep 2024
(Sharecast News) - New car registrations fell slightly across the UK in August, according to the Society of Motor Manufacturers and Traders, as buyers held off until next month's new number plates. Read More
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UK construction sector 'turns corner' - PMI
Thursday 05 Sep 2024
(Sharecast News) - The UK construction sector's recovery continued in August, a closely-watched survey showed on Thursday, although the rate of expansion eased. Read More
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Eurozone construction new orders fall 'markedly' - PMI survey
Thursday 05 Sep 2024
(Sharecast News) - Construction activity in the eurozone remained in the doldrums during August with a sharp fall in new orders and rising prices causing concern as employers laid off staff, according... Read More
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Bank of Canada cuts rates for third time in a row, to 4.25%
Wednesday 04 Sep 2024
(Sharecast News) - The Bank of Canada cut its benchmark rate on Wednesday to 4.25% from 4.5%, in line with economists' expectations, amid easing inflationary pressures. Read More
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UK regulator mulling cut to fraud refund cap after industry pressure
Wednesday 04 Sep 2024
(Sharecast News) - The UK's payments regulator has proposed slashing the maximum amount banks and fintechs would have to reimburse fraud victims after industry pressure to review the cap. Read More
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FCA encourages account providers to do more to support vulnerable customers
Wednesday 04 Sep 2024
(Sharecast News) - Financial watchdog The Financial Conduct Authority has encouraged account providers to do more to support those who want a bank account but don't have one, such as working with home... Read More
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Service activity boosts eurozone private sector in August
Wednesday 04 Sep 2024
(Sharecast News) - The eurozone's private sector experienced its fastest growth in three months during August, driven by a stronger services sector, according to the latest Hamburg Commercial Bank (HC... Read More
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UK business activity picks up at fastest pace since April
Wednesday 04 Sep 2024
(Sharecast News) - Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday. Read More
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Food spend drives retail sales growth in August, but consumers still cautious
Tuesday 03 Sep 2024
(Sharecast News) - Retail sales were higher than last year in August despite already strong comparatives in 2023, though growth was relatively subdued amid a "challenging" environment that's likely to... Read More
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UK manufacturing sector grows at fastest pace in more than two years
Monday 02 Sep 2024
(Sharecast News) - UK manufacturing activity grew at its fastest pace in more than two years in August, according to a survey released on Monday. Read More
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China's manufacturing sector returns to growth in August - Caixin
Monday 02 Sep 2024
(Sharecast News) - Manufacturing activity in China returned to growth in August, according to a private survey released on Monday. Read More
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UK mortgage approvals hit 22-month high as lending rises
Friday 30 Aug 2024
(Sharecast News) - Approvals and borrowing for mortgages in the UK rose to their highest levels in nearly two years in July, according to data from the Bank of England on Friday. Read More
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