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Sharecast - News you can use

  • BofA analysts say S&P 500 'bear market' now dead

    Friday 09 Jun 2023

    (Sharecast News) - Equity analysts at Bank of America Securities sounded a 'bullish' note on the outlook for stocks, declaring the 'bear market' "officially over" and telling clients the new 'bull market' had legs.

  • China's producer prices plunge

    Friday 09 Jun 2023

    (Sharecast News) - Inflation in China remained at low levels in May, official data showed on Friday, as the country's economy continued to struggle post-pandemic.

  • Relative calm for cryptos during high uncertainty after the SEC advance

    Friday 09 Jun 2023

    (Sharecast News) - The cryptocurrency market is back on track. Bitcoin (BTC) rises 0.12% in the last 24 hours and consolidates at $26,400, the range in which it has been moving in recent weeks. For its part, Ethereum (ETH) falls 0.3% to $1,830. Both cryptos accumulate a negative weekly balance of more than 2%.

  • Initial US jobless claims jump by 28,000 during latest week

    Thursday 08 Jun 2023

    (Sharecast News) - Tightness in the US labour market eased during the preceding week, as filings for jobless claims rose to the highest since October 2021..

  • Eurozone tips into recession

    Thursday 08 Jun 2023

    (Sharecast News) - The Eurozone has tipped into recession, official data showed on Thursday, after a series of downward revisions.

  • Cryptos fall while focusing on the SEC and the Fed

    Thursday 08 Jun 2023

    (Sharecast News) - New twist in the cryptocurrency market. Bitcoin (BTC) drops more than 1% in the last 24 hours, but remains at $26,400 after surpassing $27,000 on Tuesday. For its part, Ethereum (ETH) falls almost 2% and stands at $1,840.

  • US trade deficit jumps in April

    Wednesday 07 Jun 2023

    (Sharecast News) - America's shortfall on trade with the rest of the world widened unexpectedly in April.

  • Bank of Canada lifts rates to 4.75%

    Wednesday 07 Jun 2023

    (Sharecast News) - The Bank of Canada on Wednesday lifted its benchmark interest rate rate to 4.75% as it battled to stem persistent inflation amid worries that it could get stuck above its 2% target.

  • OECD sees moderate GDP global growth; UK to avoid recession

    Wednesday 07 Jun 2023

    (Sharecast News) - The global economy is forecast to grow moderately this year as inflationary pressures ease, but a recovery was still some way off, the Organisation for Economic Co-operation and Development (OECD) said in its latest forecasts.

  • Bitcoin and Ethereum rise sharply after SEC move on Coinbase and Binance

    Wednesday 07 Jun 2023

    (Sharecast News) - New sharp turnaround in the cryptocurrency market. Bitcoin (BTC) rebounds 4% in the last 24 hours and regains $26,800 after reaching $25,500 yesterday. For its part, Ethereum (ETH) rises 3.55% and reconquers $1,870 after being on the verge of losing $1,800 on Tuesday.

  • German industrial production rises less than expected in April

    Wednesday 07 Jun 2023

    (Sharecast News) - German industrial production rose less than expected in April, according to data released by Destatis on Wednesday.

  • China exports slump in May

    Wednesday 07 Jun 2023

    (Sharecast News) - China's exports fell last month in another indication that the rebound in the world's second-largest economy was losing steam.

  • Eurozone retail sales stagnant in April

    Tuesday 06 Jun 2023

    (Sharecast News) - Retail sales in the Eurozone stagnated in April, official data showed on Tuesday, missing expectations for a small uptick.

  • Bitcoin falls to $25,000 after SEC lawsuit against Binance

    Tuesday 06 Jun 2023

    (Sharecast News) - There´s been a dramatic turn of events in the cryptocurrency market. Bitcoin (BTC) has plummeted 3.6% in the last 24 hours and has retreated to $25,790, while Ethereum (ETH) has dropped a similar percentage and stands at around $1,810 following the Securities and Exchange Commission's (SEC) regulatory action on Binance.

  • Weak demand hits Eurozone construction sector

    Tuesday 06 Jun 2023

    (Sharecast News) - Weak demand continued to weigh heavily on the Eurozone construction sector, a closely-watched survey showed on Tuesday, despite input price rises starting to ease.

  • German factory orders unexpectedly fall in April

    Tuesday 06 Jun 2023

    (Sharecast News) - German factory orders unexpectedly fell in April as large-scale orders dropped, according to figures released on Tuesday by Destatis.

  • Australia's central bank hikes rates by 25 basis points

    Tuesday 06 Jun 2023

    (Sharecast News) - The Reserve Bank of Australia unexpectedly hiked interest rates again on Tuesday, arguing that inflation was still too high.

  • US services activity slows unexpectedly in May, ISM says

    Monday 05 Jun 2023

    (Sharecast News) - US services sector activity slowed unexpectedly last month amid slower new order growth while stockpiles piled up, the results of a closely followed survey showed.

  • US services PMI picks up in May, S&P Global says

    Monday 05 Jun 2023

    (Sharecast News) - Activity in US services picked up last month as the sector enjoyed a 'mini boom' following the Covid pandemic, the results of a survey showed.

  • Eurozone May final PMI falls to 52.8 vs flash 53.3

    Monday 05 Jun 2023

    (Sharecast News) - Eurozone services activity fell in May, according to final survey readings released on Monday.

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