Economic News
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US pending home sales drop to record low in October
Thursday 30 Nov 2023
(Sharecast News) - US pending home sales dropped to a record low in October as mortgage rates rose sharply. Read More
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OPEC+ agrees to cut output by a further 1m barrels a day
Thursday 30 Nov 2023
(Sharecast News) - OPEC+ members have reportedly agreed to cut oil production by a further one million barrels a day. Read More
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Court overturns Apple's appeal of UK mobile markets probe
Thursday 30 Nov 2023
(Sharecast News) - The Court of Appeal has upheld the Competition and Markets Authority's (CMA) decision to initiate a market investigation into mobile browsers and cloud gaming. Read More
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Saudi said to have won provisional backing for Opec+ oil production cuts
Thursday 30 Nov 2023
(Sharecast News) - Saudi Arabia has reportedly won provisional backing for further oil production cuts by the Opec+ group, boosting oil prices to the highest in three weeks ahead of a crucial meeting ... Read More
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RMT members agree pay deal to end strikes
Thursday 30 Nov 2023
(Sharecast News) - Member of the RMT rail workers union have accepted a pay deal from the Rail Delivery Group (RDG), meaning that agreements have now been reached with three out of the four unions inv... Read More
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Residential transactions fall in October - HMRC
Thursday 30 Nov 2023
(Sharecast News) - The number of homes sold the in the UK fell sharply in October, official data showed on Thursday. Read More
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German unemployment still rising despite total employment record
Thursday 30 Nov 2023
(Sharecast News) - The number of employed rose in Germany in October, albeit marginally, as seasonally-adjusted figures showed a slight uptick in the number of those in work since the summer. Read More
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US economy grows more than expected in Q3
Wednesday 29 Nov 2023
(Sharecast News) - The US economy grew more than initially estimated in the third quarter, according to data released on Wednesday by the Commerce Department. Read More
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German inflation falls by more than expected
Wednesday 29 Nov 2023
(Sharecast News) - German inflation eased in November to the lowest level for more than two years, official data showed on Wednesday. Read More
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UK economy to grow at sluggish pace - OECD
Wednesday 29 Nov 2023
(Sharecast News) - The UK economy will grow this year and the next, a leading global organisation forecast on Wednesday, but only at a sluggish pace. Read More
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Sentiment slides across UK service sector - CBI
Wednesday 29 Nov 2023
(Sharecast News) - Sentiment across the UK service sector softened in November, a closely-watched survey showed on Wednesday, as both volumes and profits fell. Read More
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LME wins lawsuit over cancellation of nickel trades
Wednesday 29 Nov 2023
(Sharecast News) - London's High Court has ruled in favour of the London Metal Exchange (LME) in a lawsuit over its decision to cancel billions of dollars of nickel trades. Read More
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Eurozone economic sentiment ticks higher
Wednesday 29 Nov 2023
(Sharecast News) - Economic sentiment in the eurozone ticked a little higher in November, according to a survey released on Wednesday. Read More
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Mortgage approvals jump in October - Bank of England
Wednesday 29 Nov 2023
(Sharecast News) - Mortgage approvals sparked last month, official data showed on Wednesday, despite borrowing costs continuing to push higher. Read More
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Food companies pushing up prices by more than costs - CMA
Wednesday 29 Nov 2023
(Sharecast News) - The competition watchdog has accused food companies of pushing up prices by more than costs, adding to inflation. Read More
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Shop price inflation slows to 17-month low in November
Tuesday 28 Nov 2023
(Sharecast News) - Shop price inflation dropped to its lowest in 17 months in November, new data revealed on Tuesday, as retailers stepped up discounting ahead of the key festive shopping season. Read More
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Retail sales decline eases but Christmas outlook gloomy - CBI
Monday 27 Nov 2023
(Sharecast News) - The decline in UK retail sales eased somewhat in November, but the outlook for Christmas was gloomy, according to a survey released on Monday. Read More
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Rishi Sunak unveils £29.5bn of investments ahead of Hampton Court summit
Monday 27 Nov 2023
(Sharecast News) - British Prime Minister Rishi Sunak announced a £29.5bn investment programme on Monday ahead of the Global Investment Summit held at Hampton Court Palace. Read More
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German business sentiment improves again - Ifo
Friday 24 Nov 2023
(Sharecast News) - German business sentiment improved again in November, albeit a little less than expected, according to a survey released on Friday by the Ifo Institute. Read More
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German economy contracts slightly in third quarter
Friday 24 Nov 2023
(Sharecast News) - The German economy contracted a touch in the third quarter, as per the initial estimate, according to figures released on Friday by Destatis. Read More
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