Economic News
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Investor morale hits two-year high in Germany
Tuesday 14 May 2024
(Sharecast News) - German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high. Read More
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Biden administration to hike tariffs on $18bn of Chinese goods
Tuesday 14 May 2024
(Sharecast News) - The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panel... Read More
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BoE rate cut on the cards this summer, says Huw Pill
Tuesday 14 May 2024
(Sharecast News) - The Bank of England's chief economist has said it's "not unreasonable" to expect an interest-rate cut from the central bank this summer, as data showed that tightness in the UK labo... Read More
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Unemployment edges higher as job market cools - ONS
Tuesday 14 May 2024
(Sharecast News) - Unemployment nudged higher in March, official data showed on Tuesday, in line with expectations, despite wages continuing to grow. Read More
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Treasury reportedly planning significant sale of NatWest stake
Monday 13 May 2024
(Sharecast News) - The Treasury is finalising plans for a significant sale of its remaining stake in NatWest Group, it was reported on Monday, in a bid to expedite the bank's privatisation and stimula... Read More
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Heathrow passenger numbers grow in April
Monday 13 May 2024
(Sharecast News) - Britain's busiest airport Heathrow saw a 4.8% year-on-year increase in passenger traffic during April, with 6.7m travellers passing through its gates. Read More
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UK no longer in recession as Q1 GDP grows 0.6%
Friday 10 May 2024
(Sharecast News) - The UK is no longer in recession, according to data released on Friday by the Office for National Statistics. Read More
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Bank of England stands pat on interest rates
Thursday 09 May 2024
(Sharecast News) - The Bank of England stood pat on interest rates on Thursday at 5.25%, as widely expected, but suggested cuts could be on their way. Read More
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UK housing sales expectations 'stagnant' as buyer demand softens
Thursday 09 May 2024
(Sharecast News) - A slight upward move in UK mortgage rates over the past few weeks has dampened demand for housing, with near-term sales expectations softening, according to the latest RICS UK Resid... Read More
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Sweden's Riksbank trims interest rates
Wednesday 08 May 2024
(Sharecast News) - Sweden's central bank trimmed interest rates on Wednesday, for the first time since 2016. Read More
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Eurozone retail sales push higher
Tuesday 07 May 2024
(Sharecast News) - Eurozone retail sales pushed higher in March, official data showed on Tuesday, beating expectations. Read More
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Eurozone construction sector struggles as new orders fall
Tuesday 07 May 2024
(Sharecast News) - The eurozone construction sector remains in decline at the start of the second quarter of the year after a sharp fall in new orders, with Germany, Italy and France the major contrib... Read More
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UK new car registrations rise for 21st month in a row
Tuesday 07 May 2024
(Sharecast News) - UK new car sales rose for the 21st month in a row in April, according to the Society of Motor Manufacturers and Traders, driven by increased demand for fleet vehicles. Read More
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UK construction sector expands at fastest pace in more than a year
Tuesday 07 May 2024
(Sharecast News) - The UK construction sector expanded in April at its fastest pace in more than a year, according to a survey released on Tuesday. Read More
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House prices return to growth in April - Halifax
Tuesday 07 May 2024
(Sharecast News) - UK house prices returned to growth in April, with the housing market "finding its feet in an era of higher interest rates", according to data released on Tuesday by Halifax. Read More
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UK April retail sales hit by wet weather, early Easter - BRC
Tuesday 07 May 2024
(Sharecast News) - UK total retail sales fell 4% year on year in the April as wet spring weather deterred shoppers, despite businesses offering hefty discounts in an attempt to entice customers into s... Read More
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Norway holds rates steady as expected
Friday 03 May 2024
(Sharecast News) - Norway's central bank kept interest rates on hold at 4.50% on Friday, in line with expectations, adding that a tight monetary policy stance may be necessary longer than planned to c... Read More
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UK service sector output grows at fastest pace since May 2023
Friday 03 May 2024
(Sharecast News) - UK service sector output grew in April at its fastest pace since May 2023, according to a survey released on Friday. Read More
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CMA set for deeper probe of Pennon's SES acquisition
Friday 03 May 2024
(Sharecast News) - Pennon Group worked to assure the market that its acquisition of Sutton and East Surrey Water (SES Water) would avoid a deeper competition probe on Friday, telling shareholders that... Read More
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UK retail footfall falls sharply in April
Friday 03 May 2024
(Sharecast News) - Retail footfall fell sharply in April, industry data showed on Friday, hit by poor weather and the early timing of Easter. Read More
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