Economic News
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NY Empire State manufacturing index contracts again
Monday 17 Jun 2024
(Sharecast News) - Manufacturing activity in the state of New York weakened again in June, according to a survey released on Monday. Read More
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UK manufacturing outlook improves as output and orders gain in Q2
Monday 17 Jun 2024
(Sharecast News) - The outlook for the UK's manufacturing sector as picked up after output and orders rose strongly in the second quarter, according to a survey from Make UK released on Monday. Read More
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Citi downgrades European equities to 'neutral'
Monday 17 Jun 2024
(Sharecast News) - Citi downgraded its stance on European equities on Monday to 'neutral' from 'overweight' as it said near-term risks have increased, with markets narrowing and political uncertainty ... Read More
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Houses prices unchanged in May - Rightmove
Monday 17 Jun 2024
(Sharecast News) - House prices were largely unchanged in June, industry data showed on Monday, following a bumper performance in May. Read More
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UK consumers expect inflation to keep falling - BoE
Friday 14 Jun 2024
(Sharecast News) - Expectations for inflation have fallen to a three-year low across the UK public, a Bank of England survey showed on Friday. Read More
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EU trade balance shifts into surplus
Friday 14 Jun 2024
(Sharecast News) - The Eurozone trade balance moved into surplus in April, official data showed on Friday, although the amount came in below market expectations. Read More
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Bank of Japan holds rates, remains cautious on unwinding
Friday 14 Jun 2024
(Sharecast News) - The Bank of Japan kept lending rates on hold in its latest decision overnight on Friday, and announced plans to reduce its substantial bond purchases, with detailed tapering plans s... Read More
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China calls on EU to scrap EV tariffs
Thursday 13 Jun 2024
(Sharecast News) - Beijing has urged the European Union to abandon newly-announced tariffs on Chinese electric vehicles, accusing it of "politicising" trade. Read More
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Eurozone industrial production edges lower, misses forecasts
Thursday 13 Jun 2024
(Sharecast News) - Eurozone industrial production unexpectedly ticked lower in April, official data showed on Thursday. Read More
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UK house prices ease in May - RICS
Thursday 13 Jun 2024
(Sharecast News) - UK house prices fell in May, an industry survey showed on Thursday, as the market's recovery lost momentum. Read More
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Bank of England on track to start cutting rates in August - poll
Wednesday 12 Jun 2024
(Sharecast News) - The Bank of England is expected to start cutting the cost of borrowing this August, a Reuters poll found on Wednesday. Read More
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EU to slap tariff of up to 38pc on Chinese EVs
Wednesday 12 Jun 2024
(Sharecast News) - The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and r... Read More
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China inflation nudges higher, narrowly misses forecasts
Wednesday 12 Jun 2024
(Sharecast News) - Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased. Read More
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UK economy stagnates in April
Wednesday 12 Jun 2024
(Sharecast News) - The UK economy stagnated in April, according to figures released by the Office for National Statistics on Wednesday, having just come out of a recession a month earlier. Read More
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UK's Sunak pledges £17bn in tax cuts, but questions remain over reliability of planned funding
Tuesday 11 Jun 2024
(Sharecast News) - Embattled UK Prime Minister Rishi Sunak has promised almost £17bn in tax cuts in an effort to kick-start his faltering election campaign that sees his Conservative Party trailing ba... Read More
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UK mortgages in arrears hit highest level since 2016
Tuesday 11 Jun 2024
(Sharecast News) - The share of outstanding UK mortgages in arrears rose to its highest level in nearly eight years in the first quarter of 2024, according to statistics released on Tuesday by the Ban... Read More
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Heathrow sees record passenger numbers in year to May
Tuesday 11 Jun 2024
(Sharecast News) - Heathrow served a record number of passengers over the past year after the the busiest-ever May, the UK airport announced on Tuesday. Read More
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UK wages grow faster than expected
Tuesday 11 Jun 2024
(Sharecast News) - Wages grew faster than expected in the three months to April, according to figures released on Tuesday by the Office for National Statistics, dashing hopes of a rate cut this summer... Read More
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Retail sales tick higher - BDO
Friday 07 Jun 2024
(Sharecast News) - UK retail sales nudged higher last week, industry data showed on Friday, helped by improving weather. Read More
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House prices static in May - Halifax
Friday 07 Jun 2024
(Sharecast News) - House prices were largely unchanged last month, industry data showed on Friday, as the market continued to stabilise. Read More
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