Economic news


U.S. stocks dip at open due to retreat in tech sector
Dow Jones

U.S. stocks dip at open due to retreat in tech sector

Wall Street opened in the red on Tuesday as weak outlooks from retailers for the holiday quarter added to extended worries over slowing demand for iPhones.


November 20, 2018
British manufacturing orders improve in November
British manufacturing orders improve in November

UK industrial orders rebounded this month following October’s deep slump, according to a survey, which could allay worries over the degree of...

EU stocks pulled down by growth concerns, Italian budget
EU stocks pulled down by growth concerns, Italian budget

EU stocks slid today, as concerns of cooling economic expansion, Italian budget were exacerbated by banks.

Global markets slide on weak demand for iPhone
Global markets slide on weak demand for iPhone

Global shares sank on Tuesday as concerns over weakening demand for the iPhone triggered a sell-off in tech sector, while likely downfall of...

Europe’s market sell-off and Italy’s defiant stance weigh on euro
Europe’s market sell-off and Italy’s defiant stance weigh on euro

The European currency dipped after a peak of two weeks today affected by the stock selloff in the region’s markets and by the anxiety linked...

Oil moves lower driven by large-scale sell-off
Oil moves lower driven by large-scale sell-off

Prices of oil dropped today, pulled down by a massive market sell-off undermining growth incentive for prices coming from awaited production...

Bitcoin drops below $4,500, fresh 2018 low
Bitcoin drops below $4,500, fresh 2018 low

Bitcoin fell 10 percent on Tuesday to below $4,500 key level, extending the world's most populat cryptocurrency's declines to 30 percent...

Pound falls amid lack of progress in Brexit talks
Pound falls amid lack of progress in Brexit talks

The British currency dipped on Tuesday as losses among risky assets and worries over Brexit talks weighed on the market.

November 19, 2018
Kraken highlights risks posed by new Bitcoin SV
Kraken highlights risks posed by new Bitcoin SV

Kraken, a cryptoexchange stationed in the U.S., has addressed users pointing to possible risks of trading Bitcoin SV, the new token that appeared...

British currency slightly up, but Brexit agreement uncertain
British currency slightly up, but Brexit agreement uncertain

The pound moved up today while the UK PM tried to grow the number of supporters for her draft agreement with the EU that has been roundly...

Europe’s shares uplifted by recess in tariff exchanges
Europe’s shares uplifted by recess in tariff exchanges

EU stocks log rises early in the week as lessening trade disagreements between the U.S. and China pushed mining and tech higher, which goes against...

UK property prices go down £5,000, with steepest falls in London
UK property prices go down £5,000, with steepest falls in London

Britain’s average home prices lost over £5,000 this month, the data from Rightmove shows, with the sharpest drops in the...

Bitcoin hits fresh 13-month trough
Bitcoin hits fresh 13-month trough

Bitcoin BTCUSD dipped to a fresh 13-month weak point on Monday, with the world's most popular cryptocurrency scaling $5173.23 on the Bitstamp...

Oil surges 1 percent, all eyes on possible supply cut
Oil surges 1 percent, all eyes on possible supply cut

Crude prices jumped by almost 1 percent on Monday amid anticipations that main producer Saudi Arabia will push cartel as well as perhaps Russia to...

Dollar holds steady, Fed’s pace of tightening in focus
Dollar holds steady, Fed’s pace of tightening in focus

The dollar trimmed its rally other major currencies on Monday after Fed's policymakers stressed anxiety over the global growth forecast,...

Asian shares subdued, U.S.-China trade row is seen to linger
Asian shares subdued, U.S.-China trade row is seen to linger

Asian stocks were mixed on Monday as risk sentiment was capped due to persisted uncertainty over trade tensions between the U.S. and China.

November 16, 2018
Euro zone price growth is fastest in six years in October
Euro zone price growth is fastest in six years in October

Inflation of the euro zone grew last month the paciest in almost six years, boosted by prices on energy, the figures from the Eurostat showed...

Apple stocks on upturn with falls seen as buying opportunity
Apple stocks on upturn with falls seen as buying opportunity

Cupertino firm’s shares bounced back yesterday after a lengthy decline as Katy Huberty of Morgan Stanley said the selloff of the past few...

ECB sticks to plans of ending stimulus, but inflation seems to slow
ECB sticks to plans of ending stimulus, but inflation seems to slow

Mario Draghi, head of the ECB, said today that the Bank is committed to its decision to terminate stimulus this year, though inflation could gain...

U.S. retail sales soar, though consumer expenditures ease
U.S. retail sales soar, though consumer expenditures ease

Retail sales in the U.S. recovered fast last month with the rise of car and construction materials purchases, though figures of the two preceding...

Oil climbs on possible OPEC cuts, though sentiment turns bearish
Oil climbs on possible OPEC cuts, though sentiment turns bearish

Crude prices advanced on Friday amid anticipations of supply cuts from OPEC, although record U.S. output weighed on the market.

European stocks shrug off Brexit chaos
European stocks shrug off Brexit chaos

European stocks rebounded on Friday as investors' sentiment improved at the end of a tumultuous week and impressive results from Vivendi buoyed...

Pound recovers as PM May stays on course
Pound recovers as PM May stays on course

Sterling reversed declines on Friday after Prime Minister Theresa May confirmed she would get the Brexit deal signed, despite a number of ministers...

Dollar and yen enjoy deepened Brexit crisis
Dollar and yen enjoy deepened Brexit crisis

The dollar index .DXY slipped 0.1 percent to 96.81 on Friday, staying near a 16-month peak of 97.69 scaled at the start of the week.

Asia stocks cap volatile week as geopolitical concerns rise
Asia stocks cap volatile week as geopolitical concerns rise

Asian shares were mixed on Friday as hopes for a de-escalation in the Sino-U.S. trade dispute faded and weak results from U.S. chipmaker Nvidia...

November 15, 2018
Walmart's sales data for third quarter above forecasts
Walmart's sales data for third quarter above forecasts

Walmart’s new data showed comparable sales for the U.S. were higher than predicted, with the firm lifting its profit projection for 2018 due...

IMF bolsters governments to launch own virtual coins
IMF bolsters governments to launch own virtual coins

IMF chief Christine Lagarde said that governments need to think about creating own cryptocoins to save the industry from turning into a hideaway...

European shares slump on Brexit chaos
European shares slump on Brexit chaos

Europe’s stocks fell sharply on Thursday after a long-awaited Brexit deal was forced to be in the air after Brexit Secretary Dominic Raab has...

Uber has orders growth falling, while quarterly results are negative
Uber has orders growth falling, while quarterly results are negative

Yesterday’s report from Uber showed that bookings growth made up 6% in the July-September period, with expansion keeping below 10% for the...

Britain’s retail sales go down in October despite contrary expectations
Britain’s retail sales go down in October despite contrary expectations

British retail sales data significantly lower than forecasted last month, cautioning of the lesser confidence among the country’s shoppers as...

Oil prices steady, but supply surplus worries weigh on market
Oil prices steady, but supply surplus worries weigh on market

Crude prices steadied on Thursday, erasing earlier losses, but investor sentiment remained anxious over worries that a supply glut may accelerate...

Yen firms though support for safe haven dollar persists
Yen firms though support for safe haven dollar persists

The U.S. dollar sank 0.13 percent to 113.47 yen on Thursday. The Japanese currency had climbed in the previous two sessions against the buck. But...

Euro keeps limited gains, Italy refuses to curb its budget
Euro keeps limited gains, Italy refuses to curb its budget

The euro climbed 0.2 percent to $1.1334 on Thursday after after British Prime Minister May’s cabinet backed her draft Brexit deal, although...

Asian shares mixed following overnight Wall Street's losses
Asian shares mixed following overnight Wall Street's losses

Asian shares posted modest gains on Thursday, led by a rebound in Chinese equities on signs China and the U.S. may be on course to resolve their...

November 14, 2018
Britain’s inflation unmoved in October despite growth forecasts
Britain’s inflation unmoved in October despite growth forecasts

UK October inflation was surprisingly level, today’s figures indicate, making sooner coming back to target than anticipated by the BoE more...

GDP of euro zone expands at lowest pace in four years
GDP of euro zone expands at lowest pace in four years

The euro zone’s expansion was the most sluggish in 4 years in the July-September period, accompanied by moderation in growth of employment...

OPEC considers new oil supply reduction to avoid oversupply
OPEC considers new oil supply reduction to avoid oversupply

OPEC and other exporters could restrict oil production by as much as 1.4 mln barrels a day in the coming year, according to three people close to...

Germany posts economic slide due to global trade barriers
Germany posts economic slide due to global trade barriers

The economy of Germany shrank in the July-September quarter, an event unseen from 2015, due to international trade tussles that damaged the exports...

Oil attempts to recover after 7 percent fall
Oil attempts to recover after 7 percent fall

Oil tried to bounce back on Wednesday after sliding 7 percent on Tuesday, with rising supply and the prospects of weakening demand limited gains.

Gold rises as buck retreats from multi-month top
Gold rises as buck retreats from multi-month top

Gold prices crept up on Wednesday as the U.S. dollar fell from a 16-month peak scaled earlier in the week, retreating amid a rise in the euro and...

Euro and sterling stabilize as negotiators reach agreement
Euro and sterling stabilize as negotiators reach agreement

The euro and the pound inched up on Wednesday as investor confidence improved on news EU and UK negotiators finally reached a draft divorce deal in...

Dollar pulls back though set to strengthen further
Dollar pulls back though set to strengthen further

The U.S. dollar retreated from a 16-month peak on Wednesday as traders took profits amid surge in the euro and the pound.

Asian shares post modest losses on concerns about growth
Asian shares post modest losses on concerns about growth

Asian shares seesawed on Wednesday as anxiety about a slowdown in the global economy rose and crude prices fell overnight, posting their 12th...


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