Economic News

Latest News

  • (ShareCast News) - These were the movements in the yields of the most widely followed long-term sovereign bonds:

  • UK Economy Posts 0.7% Second Quarter Growth

    The Office for National Statistics (ONS) said the growth meant that GDP (gross domestic product) per head was now back to its pre-crisis peak in 2008. There was no revision to first quarter output of 0.4%, with the UK economy growing in line with economists' forecasts of 2.6% on an annual basis. A 1% leap in second quarter …

  • European shares rebounded on Tuesday, lifted by strong company results and corporate takeover activity after falling in the previous five sessions due to concerns over China's growth. The pan-European ...

  • (ShareCast News) - The US service sector expanded at a faster rate in July but confidence over the business outlook fell to a three-year low, data released on Tuesday showed.

  • European shares rebounded on Tuesday, lifted by strong company results and corporate takeover activity after falling in the previous five sessions due to concerns over China's growth. The pan-European ...

  • British economic growth got back on track in the second quarter but the strength of the pound hurt manufacturers, putting the Bank of England in a tricky spot as it gets closer to raising interest rates. The economy grew by 0.7 percent in the three months to June, the Office for National Statistics said on Tuesday, in …

  • The safe-haven Japanese yen had gained on Monday as Shanghai stocks tumbled 8.5 percent - their biggest one-day drop in eight years - and commodity prices slid, dragging down European and U.S. shares and dampening demand for the dollar as investors worried about global growth.

  • European shares bounced back on Tuesday, lifted by strong company results and corporate takeover activity after falling in the previous five sessions due to concerns over China's growth. The pan-European ...

  • (ShareCast News) - The UK economy accelerated significantly in the second quarter of the year, led by growth in industrial production. Gross domestic product expanded at 0.7% quarter-on-quarter in the ...

  • UK economy bounces back in second quarter

    Britain's economy was boosted by a rebounding services sector in the second quarter

  • Growth accelerates in second quarter, suggesting that slowdown at start of the year was just a blip

  • Growth accelerates to 0.7pc in second quarter, suggesting that slowdown at start of the year was just a blip

  • British economic growth got back on track in the second quarter of 2015, after a pick-up in the country's dominant services sector and one of the biggest surges in oil and gas production in a generation. The ONS said economic output per head was now finally broadly level with the peak reached in the first quarter of 2008, …

  • Oil languished at four-month lows and China's benchmark stocks fell for a third straight day, but developed market equities and commodity currencies recovered. Among the main movers, RSA Insurance Group surged 12.9 percent after Zurich Insurance (Xetra: ZFI1.DE - news) said it was weighing up a bid for the British group …

  • (ShareCast News) - Investors are expecting a bounce early on in stocks following Monday's heavy losses which wiped out the year-to-date gains in the top flight index.

  • FOREX-Dollar rises ahead of Fed meeting Reuters - UK Focus - 19 hours ago

    The dollar firmed on Tuesday as cautious investors covered short positions ahead of the start of a two-day U.S. Federal Reserve meeting and as a continued slump in Chinese equity markets sapped appetite for riskier assets. "The Chinese market dropped by about 8 percent yesterday, but the dollar/yen dropped by just around …

  • (ShareCast News) - UK economic growth accelerated in the second quarter compared to the previous three months, according to forecasts.

  • U.S. business capex gauge rebound offers hope for factories Reuters - UK Focus - Mon, Jul 27, 2015 17:10 BST

    A gauge of U.S. business investment plans rebounded solidly in June after two straight months of declines, suggesting the drag on manufacturing from capital spending cuts was starting to ebb. "This could be a sign that manufacturing activity is starting to pick up again following the weak start to the year," said Daniel …

  • Against the Swiss franc, it rose to 1.0602, its highest since March 23. The Munich-based Ifo institute's business climate index, based on a monthly survey of some 7,000 firms, rose to 108.0 from a revised 107.5 in June. Analysts said that would support the European Central Bank's assessment that the outlook has not changed …

  • FOREX-Euro up 1 pct against weak dollar, German IFO survey helps Reuters - UK Focus - Mon, Jul 27, 2015 09:56 BST

    Analysts said that would support the European Central Bank's assessment that the outlook has not changed much over the past couple of months, despite the Greek crisis. As a result, traditional safe-haven currencies like the yen are likely to be supported, traders said.

  • FOREX-Euro up 0.7 pct vs flagging dollar, awaits German IFO survey Reuters - UK Focus - Mon, Jul 27, 2015 08:49 BST

    The euro hit a two-week high against a subdued dollar on Monday, with traders awaiting Germany's IFO survey, which is likely to indicate Europe's largest economy is on track to post a reasonable pace of growth. Germany's IFO business climate index is forecast to dip slightly in July but will remain at levels consistent …

  • The Week Ahead---At a Glance The Wall Street Journal - Sun, Jul 26, 2015 03:28 BST

    Here's what to look out for in the week starting July 27: The Fed announces its July rate decision, Barack Obama travels to Ethiopia, and the IOC elects a host for the 2022 Winter Olympics.

  • Monsoon troubles Nepal quake survivors three months on

    Nepalese army personnel collect data at a relief camp for earthquake survivors in Kathmandu on July 23, 2015

  • GLOBAL MARKETS-Stocks, copper fall; China, Europe growth concerns weigh Reuters - UK Focus - Fri, Jul 24, 2015 20:34 BST

    Global equity markets dropped and copper fell to a six-year low on Friday as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Oil prices also fell, ...

  • FOREX-Dollar edges up, supported by weak overseas economic outlook Reuters - UK Focus - Fri, Jul 24, 2015 19:48 BST

    The U.S. dollar edged up against most other major currencies Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest in 15 months. Recent U.S. economic figures have supported the notion that the Federal Reserve …

  • Metals prices hit multi-year lows, and stock markets and oil prices declined on Friday, as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Biogen (NasdaqGS: BIIB - news) shares dropped 16.9 ree-month copper on the London Metal Exchange fell to percent to $320.11 …

  • GLOBAL ECONOMY-Second half of 2015 begins on shaky note Reuters - UK Focus - Fri, Jul 24, 2015 16:38 BST

    LONDON/NEW YORK, July 24 (Reuters) - The global economy started the second half of the year on shaky ground with China's factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although U.S. activity picked up. The purchasing managers indices (PMI)for …

  • FOREX-Weak overseas economic growth boosts dollar, Aussie at 6-year low Reuters - UK Focus - Fri, Jul 24, 2015 16:27 BST

    The U.S. dollar rose against most other major currencies on Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest level in 15 months. The flash Caixin/Markit China Manufacturing Purchasing Managers' Index …

  • FOREX-Aussie hits 6-year low, German survey prods euro lower Reuters - UK Focus - Fri, Jul 24, 2015 13:02 BST

    The Australian dollar sank to a six-year low and other currencies linked to global commodities prices were under pressure on Friday after the weakest reading on sentiment in Chinese manufacturing in more than a year. With the euro, yen and dollar in tight ranges, traders were also focusing on the yuan, China's closely …

  • Metal prices hit multi-year lows on Friday as weaker-than-expected data from China and the euro zone raised concerns about global growth, but the U.S. dollar rose on the prospects of a Federal Reserve interest rate hike. The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) contracted for the fifth …

  • Metal prices hit multi-year lows on Friday after weaker-than-expected data from China and the euro zone raised concerns about global growth, but the U.S. dollar rose as a Federal Reserve rate hike was still on the table. London copper fell to its lowest level since 2009 after a survey showed China's factory sector contracted …

  • China manufacturing hits 15-month low: survey AFP - Fri, Jul 24, 2015 07:59 BST
    China manufacturing hits 15-month low: survey

    A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey shows, throwing a pall over growth in the world's second-largest economy

  • UK retail sales fall in June, ONS says Sharecast - Thu, Jul 23, 2015 15:15 BST

    (ShareCast News) - UK retail sales fell 0.2% in June compared to month before, data from the Office for National Statistics (ONS) showed, some way off the 0.4% gain that had been expected.

  • Irish debt agency wants to smooth funding needs from 2018 Reuters - UK Focus - Thu, Jul 23, 2015 14:12 BST

    Ireland (Other OTC: IRLD - news) will consider easing its funding requirements from 2018 to 2020 by buying back some debt or offering to switch bonds due for repayment in those years, the head of the country's debt agency said on Thursday. With Ireland fully funded for the rest of this year and most of 2016, the National …

  • UK retail sales slip unexpectedly in June, Q2 soft Reuters - UK Focus - Thu, Jul 23, 2015 09:31 BST

    British retail sales suffered an unexpected dip last month as consumers bought fewer household goods, pushing the annual rate of spending growth for the quarter to its lowest in more than two years. Retail sales volumes dropped by 0.2 percent in June to show just 4.0 percent growth on the year, the Office for National …

Next >>