Economic News
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Merger and acquisition activity declines in first quarter - ONS
Tuesday 06 Jun 2023
(Sharecast News) - Mergers and acquisitions activity in the first quarter of 2023 experienced a decline compared to the previous quarter, according to data released on Tuesday by the Office for Nation... Read More
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Ryanair cancels hundreds of flights as French ATC strikes
Tuesday 06 Jun 2023
(Sharecast News) - Ryanair, Europe's largest low-cost airline, was forced to cancel a significant number of flights on Tuesday,as a result of ongoing strike action by air traffic control (ATC) workers... Read More
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Eurozone retail sales stagnant in April
Tuesday 06 Jun 2023
(Sharecast News) - Retail sales in the Eurozone stagnated in April, official data showed on Tuesday, missing expectations for a small uptick. Read More
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UK construction sector gains momentum despite housing drag
Tuesday 06 Jun 2023
(Sharecast News) - The UK construction sector saw an uptick in activity last month, a closely-watched survey showed on Tuesday, although higher interest rates continued to weigh heavily on house build... Read More
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Weak demand hits Eurozone construction sector
Tuesday 06 Jun 2023
(Sharecast News) - Weak demand continued to weigh heavily on the Eurozone construction sector, a closely-watched survey showed on Tuesday, despite input price rises starting to ease. Read More
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Australia's central bank hikes rates by 25 basis points
Tuesday 06 Jun 2023
(Sharecast News) - The Reserve Bank of Australia unexpectedly hiked interest rates again on Tuesday, arguing that inflation was still too high. Read More
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German factory orders unexpectedly fall in April
Tuesday 06 Jun 2023
(Sharecast News) - German factory orders unexpectedly fell in April as large-scale orders dropped, according to figures released on Tuesday by Destatis. Read More
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Bank holidays fail to boost retail sector - BRC
Tuesday 06 Jun 2023
(Sharecast News) - UK retail sales growth slowed in May, industry data showed on Tuesday, despite a succession of bank holiday weekends. Read More
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UK May car registrations rise 16.7%
Monday 05 Jun 2023
(Sharecast News) - New car registrations rose 16.7% in May, according to industry figures released on Monday, but are still lower than pre-Covid pandemic levels. Read More
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Eurozone investor sentiment deteriorates in June
Monday 05 Jun 2023
(Sharecast News) - Eurozone sentiment deteriorated in June as worries about the German economy weighed, according to data released on Monday. Read More
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Resilient consumer demand boosts UK service sector
Monday 05 Jun 2023
(Sharecast News) - The UK service sector saw output strengthen in May, a closely-watched survey showed on Monday, as firms benefited from resilient consumer demand despite higher input costs. Read More
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Germany posts surprise trade surplus rise in April
Monday 05 Jun 2023
(Sharecast News) - Germany reported an unexpected month-on-month trade surplus rise in April after an increase in exports, according to official data published on Monday. Read More
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Activity in China's services sector picks up in May
Monday 05 Jun 2023
(Sharecast News) - Activity in China's services sector unexpectedly picked up in May, according to a survey released on Monday. Read More
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US payrolls rise far more than expected in May
Friday 02 Jun 2023
(Sharecast News) - The US economy created far more jobs than expected in May, according to figures released on Friday by the Bureau of Labor Statistics, but analysts suggested that a moderation in wag... Read More
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US manufacturing sector contracts again in May - ISM
Thursday 01 Jun 2023
(Sharecast News) - The US manufacturing sector contracted in May for the seventh month in a row, according to data released on Thursday. Read More
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US private sector adds more jobs than expected in May
Thursday 01 Jun 2023
(Sharecast News) - Private sector employment in the US rose more than expected in May, according to data from ADP on Thursday. Read More
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US initial jobless claims rise a little less than expected
Thursday 01 Jun 2023
(Sharecast News) - The number of Americans filing for unemployment benefits rose a little less than expected last week, according to data released on Thursday by the Labor Department. Read More
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Falling energy prices help soften eurozone inflation in May
Thursday 01 Jun 2023
(Sharecast News) - Inflation in the euro area looked to have decreased in May, according to a flash estimate on Thursday, to 6.1% from 7.0% in the prior month. Read More
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UK mortgage approvals slide - Bank of England
Thursday 01 Jun 2023
(Sharecast News) - Mortgage approvals continued to fall in April, official data showed on Thursday, as higher borrowing costs put off increasingly cautious buyers. Read More
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UK house prices fall further in May - Nationwide
Thursday 01 Jun 2023
(Sharecast News) - UK house prices fell in May and looked set to decline further amid rising mortgage rates, according to data released by Nationwide on Thursday. Read More
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