International News
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European Commission downgrades eurozone growth forecasts for 2023
Friday 11 Nov 2022
(Sharecast News) - The European Commission has upgraded its forecast for eurozone growth this year, but downgraded the forecast for 2023, citing the impact of the war in Ukraine. Read More
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Cryptocurrencies celebrate U.S. CPI data, but FTX's shadow is lengthening
Friday 11 Nov 2022
(Sharecast News) - The cryptocurrency market celebrates the U.S. CPI reading for October as if it were a canteen of fresh water in the desert and, in general, it has already made significant gains in ... Read More
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German inflation reaches fresh high
Friday 11 Nov 2022
(Sharecast News) - Inflation in Germany continued to mount in October, official data showed on Friday, reaching the highest rate since reunification. Read More
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US close: Dow soars 1,200 points after cooler inflation reading
Friday 11 Nov 2022
(Sharecast News) - Wall Street stocks surged through to the close on Thursday, after October's consumer inflation reading came in much cooler than expected. Read More
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Europe close: Stocks jump after benign US inflation data
Thursday 10 Nov 2022
(Sharecast News) - European shares swung into positive territory during the final hours of trading on Thursday as a softer-than-expected reading on US consumer prices left investors stunned, while in ... Read More
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US CPI slips a bit more than expected in October
Thursday 10 Nov 2022
(Sharecast News) - The cost of living in the US slipped by more than expected last month, leading traders to pare their expectations for interest rates hikes - at least for now. Read More
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US open: Stocks rally as CPI cools more than expected
Thursday 10 Nov 2022
(Sharecast News) - Wall Street stocks opened sharply higher on Thursday after October's consumer price index fell more than expected and Treasury yields tumbled amid hopes that inflation may be peakin... Read More
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Chinese bank lending brakes sharply in October, Beijing reaffirms zero-Covid
Thursday 10 Nov 2022
(Sharecast News) - Bank lending in the People's Republic of China plumbed its lowest level in five years last month amid ongoing Covid-19 restrictions and a slump in mortgage demand. Read More
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WeWork to quit 40 US locations
Thursday 10 Nov 2022
(Sharecast News) - WeWork is to exit 40 US locations, the office space provider confirmed on Thursday, as it looks to cut costs and strengthen its portfolio. Read More
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US pre-open: Stocks trade higher ahead of CPI, midterm results
Thursday 10 Nov 2022
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Thursday as investors remained focussed on tightly contested Senate races in several states and awaited the publication of... Read More
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Asia report: Hong Kong leads region lower ahead of US inflation data
Thursday 10 Nov 2022
(Sharecast News) - Hong Kong led losses across Asia-Pacific stock markets on Thursday, as investors closed their wallets ahead of key inflation data out of the United States later in the global day. Read More
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Binance walks away from FTX rescue
Thursday 10 Nov 2022
(Sharecast News) - Cryptocurrency exchange FTX was facing collapse on Thursday after rival Binance walked away from takeover discussions, citing an alleged investigation by US regulators. Read More
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BoJ's Kuroda says rapid one-sided weakness in yen not desirable
Thursday 10 Nov 2022
(Sharecast News) - The Governor of the Bank of Japan said that "rapid and one-sided" weakness in the yen were undesirable. Read More
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Bitcoin plummets to 2020 levels; market fears domino effect from FTX
Thursday 10 Nov 2022
(Sharecast News) - Bitcoin plummeted 15% yesterday, on Wednesday, and traded below $16,000 for the first time in two years, while Ethereum dropped 17.50% and broke October support to the downside. Cry... Read More
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US close: Post-midterms tumble ahead of inflation reading
Thursday 10 Nov 2022
(Sharecast News) - Wall Street stocks were still in the red at the close on Wednesday, as investors continued to hold their breath for any clear results from the midterm elections. Read More
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Europe close: Stocks end mixed as US midterms, China data weigh
Wednesday 09 Nov 2022
(Sharecast News) - European shares finished on a mixed note on Wednesday as a predicted Republican 'red wave' in the US midterm elections predicted by polls apparently failed to materialise, weighing ... Read More
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US open: Stocks lower as Wall Street awaits midterm results
Wednesday 09 Nov 2022
(Sharecast News) - Wall Street trading kicked off with losses early on Wednesday as investors awaited clarity over the results of the midterm elections. Read More
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Adidas slashes earnings again after break-up with Kanye West
Wednesday 09 Nov 2022
(Sharecast News) - Adidas took the secateurs to its earnings guidance for the fourth time this year on Wednesday, after its recent divorce from Kanye West following a string of antisemitic claims by t... Read More
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Facebook owner Meta to cut 13% of global workforce
Wednesday 09 Nov 2022
(Sharecast News) - Facebook and Instagram owner Meta said on Wednesday that it will slash around 13% of its global workforce as it looks to cut costs. Read More
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Asia report: Stocks mostly lower as producer prices fall in China
Wednesday 09 Nov 2022
(Sharecast News) - Stocks in Asia were mostly weaker at the close on Wednesday, after producer prices in China fell and as investors watched the results roll in from the US midterm elections. Read More
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