Economic News
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US existing home sales drop to lowest level since 1995 - NAR
Friday 19 Jan 2024
(Sharecast News) - US existing home sales fell in December to the lowest level since 1995, according to data released on Friday by the National Association of Realtors. Read More
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Retail sales slump unexpectedly in December - ONS
Friday 19 Jan 2024
(Sharecast News) - UK retail sales fell at the fastest pace since the start of 2021, official data showed on Friday, missing analyst expectations. Read More
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UK housing market shows signs of stabilising - Rics
Thursday 18 Jan 2024
(Sharecast News) - The UK housing market showed signs of stabilising on Thursday, as mortgage rates continued to ease. Read More
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OPEC reaffirms 2024 growth projections, offers 2025 guidance
Wednesday 17 Jan 2024
(Sharecast News) - OPEC reaffirmed its projection of robust growth in global oil demand for 2024 on Wednesday, as well as offering an early outlook for 2025, highlighting China and the Middle East as ... Read More
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UK inflation unexpectedly ticks up in December
Wednesday 17 Jan 2024
(Sharecast News) - UK inflation unexpectedly edged higher in the year to December, driven by a rise in alcohol and tobacco prices, and tempering rate cut expectations. Read More
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German investor sentiment improves in January - ZEW
Tuesday 16 Jan 2024
(Sharecast News) - German business sentiment improved in January, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. Read More
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UK wage growth eases, unemployment rate unchanged
Tuesday 16 Jan 2024
(Sharecast News) - UK wage growth eased in the three months to November, while the unemployment rate was unchanged, according to figures released on Tuesday by the Office for National Statistics. Read More
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Train drivers announce fresh strike dates
Monday 15 Jan 2024
(Sharecast News) - Train drivers' union Aslef announced a new round of strikes on Monday, in its ongoing pay dispute with 16 train operators. Read More
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EZ industrial production falls in November
Monday 15 Jan 2024
(Sharecast News) - Eurozone industrial production fell 0.3% in November on a monthly basis, as the single currency bloc continued to struggle amid inflationary pressures, according to official data pu... Read More
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PBOC leaves medium-term loan rate unchanged
Monday 15 Jan 2024
(Sharecast News) - The People's Bank of China surprised markets on Monday by keeping its one-year medium-term lending facility on hold at 2.5%. Read More
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UK economy returns to growth in November
Friday 12 Jan 2024
(Sharecast News) - The UK economy returned to growth in November, according to figures released on Friday by the Office for National Statistics. Read More
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US, UK launch airstrikes against Houthi rebels in Yemen
Friday 12 Jan 2024
(Sharecast News) - America and Britain have launched strikes against targets connected to Houthi militants in Yemen in retaliation for attacks on commercial shipping in the Red Sea, US President Joe B... Read More
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Amazon fails to offer remedies to EU concerns over iRobot acquisition
Thursday 11 Jan 2024
(Sharecast News) - Shares in iRobot plunged overnight on Wednesday, after Amazon failed to provide solutions to address concerns raised by EU competition regulators regarding its $1.4bn acquisition of... Read More
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US consumer price inflation rises more than expected in December
Thursday 11 Jan 2024
(Sharecast News) - US consumer price inflation rose more than expected in December, according to figures released on Thursday by the Labor Department. Read More
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UK financial services sector falters - CBI
Tuesday 09 Jan 2024
(Sharecast News) - The UK's financial services sector contracted for the first time in nearly four years in December, an industry survey showed on Tuesday. Read More
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EU to look at Microsoft-OpenAI investment as part of market probe
Tuesday 09 Jan 2024
(Sharecast News) - The European Commission announced two calls for contributions on Tuesday, focusing on competition within virtual worlds and generative artificial intelligence (AI), particularly Mic... Read More
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German industrial output posts shock fall in November
Tuesday 09 Jan 2024
(Sharecast News) - German industrial production registered an unexpected fall in November, making it the six straight month of declines as manufacturing in Europe's biggest economy continued to strugg... Read More
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Retailers hit by subdued festive demand - BRC
Tuesday 09 Jan 2024
(Sharecast News) - Retailers finished 2023 on the back foot, industry data showed on Tuesday, despite a modest uptick in demand in the week leading up to Christmas. Read More
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Oil stocks slide as Saudi Arabia cuts crude prices
Monday 08 Jan 2024
(Sharecast News) - Oil stocks were hit as major producer Saudi Arabia cut prices across the board, sending benchmark crude sharply lower on Monday. Read More
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UK labour market ends 2023 on muted note
Monday 08 Jan 2024
(Sharecast News) - UK firms remain reluctant to hire new staff, an industry survey showed on Monday, as the weak economic outlook continued to weigh heavily. Read More
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