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OPEC+ rubber stamps crude oil output quota increase for August
Thursday 30 Jun 2022
(Sharecast News) - The world's largest grouping of crude oil exporting countries went ahead with plans to raise its permitted output ceiling, as expected.
US Chicago PMI falls more quickly than expected in June
Thursday 30 Jun 2022
(Sharecast News) - Manufacturing activity in the Chicago area slowed more sharply than anticipated in June, plumbing a near two-year low.
Personal spending in US for May comes in below forecasts
Thursday 30 Jun 2022
(Sharecast News) - Personal incomes in the US continued to grow steadily last month, but spending came in lower than expected.
US initial jobless claims slightly decrease
Thursday 30 Jun 2022
(Sharecast News) - US first-time jobless claims decreased slightly in the week ended 25 June, pointing to tight labour market conditions.
Bitcoin ends June below $20,000 and at risk of further short term declines
Thursday 30 Jun 2022
(Sharecast News) - Bitcoin closes the month of June today, and does so below the $20,000 level (-4%, $19,279). Sentiment in the cryptocurrency market has been badly damaged by the collapse of the TerraUSD stablecoin, which has clearly dented confidence in the crypto ecosystem in general.
China's services, manufacturing activity rebounds in June
Thursday 30 Jun 2022
(Sharecast News) - Activity in China's manufacturing and services sectors rebounded in June as Covid restrictions were eased in Shanghai, according to figures released on Thursday by the National Bureau of Statistics.
Powell says US economy in 'strong shape', validates expectations for Fed rate hikes
Wednesday 29 Jun 2022
(Sharecast News) - Federal Reserve chairman Jerome Powell believed his country's economy was in "strong shape" and that inflation could be brought back to target without undermining the solid jobs market.
German CPI surprises to the downside thanks to government measures
Wednesday 29 Jun 2022
(Sharecast News) - Consumer price inflation in the euro area's largest economy surprised to the downside in June, but some economists expected the relief to be short-lived.
US Q1 GDP growth revised a tad lower on slower consumption growth
Wednesday 29 Jun 2022
(Sharecast News) - The American economy shrank at a slightly faster than expected clip over the three months to March, as consumption slowed more than previously thought.
FTX CEO denies rumors of possible Robinhood takeover
Wednesday 29 Jun 2022
(Sharecast News) - The CEO of cryptocurrency exchange platform FTX, Sam Bankman-Fried, denied the rumor generated by information published by Bloomberg mentioning that the company is looking for opportunities to buy the popular Robinhood platform. He expressed that the company is not looking for any active merger or acquisition with the trading app.
Downside surprise now expected for German CPI in June thanks to one-off government measures
Wednesday 29 Jun 2022
(Sharecast News) - The cost of living in Germany is expected to surprise to the downside in May, but only because of government measures meant to dampen rising inflation.
Spanish CPI jumps past economists' forecasts in June
Wednesday 29 Jun 2022
(Sharecast News) - The cost of living in Spain grew at its fastest clip since the middle of 1985 in June, stoked by fuel prices and those for food and non-alcoholic beverages.
Euro area money supply growth data for May are a 'red alert', economist says
Wednesday 29 Jun 2022
(Sharecast News) - Lending to companies in the euro area picked up heartily last month, but for some economists the ongoing decline in so-called 'narrow money' was a "red flag" heralding a big drop in loans to the private sector over the next six to nine months.
Eurozone sentiment falls in June
Wednesday 29 Jun 2022
(Sharecast News) - Sentiment across the Eurozone faltered in June, a closely-watched survey showed on Wednesday, as concerns about the economic outlook weighed heavily.
ECB set to tighten gradually while keeping options open, Lagarde says
Tuesday 28 Jun 2022
(Sharecast News) - The European Central Bank will start raising interest rates gradually when the governing council met during the following month, Christine Lagarde said.
US house price gains edge past forecasts in April
Tuesday 28 Jun 2022
(Sharecast News) - US house price gains edged past forecasts in April, the results of a closely-followed survey showed.
US deficit in trade on goods narrows by less than expected in May
Tuesday 28 Jun 2022
(Sharecast News) - America's shortfall on trade in goods with the rest of the world narrowed by less than anticipated last month.
US consumer expectations fall to lowest since March 2013
Tuesday 28 Jun 2022
(Sharecast News) - American consumers' confidence soured in June as expectations for their personal finances, business and jobs plumbed fell to their lowest levels in nearly a decade, the results of a closely-followed survey revealed.
Elon Musk explains his reasons for backing Dogecoin and what his plans are
Tuesday 28 Jun 2022
(Sharecast News) - Elon Musk decided to start supporting Dogecoin (DOGE) after being asked about it by "not-so-rich people", after stating this in an interview with 'Bloomberg 'at the Qatar Economic Forum. According to Musk, he himself has "never said you have to invest in cryptocurrencies," and his personal investments are negligible. But when it comes to Dogecoin, Musk stated he intends to continue to support the cryptocurrency meme.
US durable goods orders jump past forecasts in May
Monday 27 Jun 2022
(Sharecast News) - Orders in the US for goods made to last more than three years rose more quickly than expected last month.

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OPEC+ rubber stamps crude oil output quota increase for August

US Chicago PMI falls more quickly than expected in June

Personal spending in US for May comes in below forecasts

US initial jobless claims slightly decrease

Bitcoin ends June below $20,000 and at risk of further short term declines

China's services, manufacturing activity rebounds in June

Powell says US economy in 'strong shape', validates expectations for Fed rate hikes

German CPI surprises to the downside thanks to government measures

US Q1 GDP growth revised a tad lower on slower consumption growth

FTX CEO denies rumors of possible Robinhood takeover

Downside surprise now expected for German CPI in June thanks to one-off government measures

Spanish CPI jumps past economists' forecasts in June

Euro area money supply growth data for May are a 'red alert', economist says

Eurozone sentiment falls in June

ECB set to tighten gradually while keeping options open, Lagarde says

US house price gains edge past forecasts in April

US deficit in trade on goods narrows by less than expected in May

US consumer expectations fall to lowest since March 2013

Elon Musk explains his reasons for backing Dogecoin and what his plans are

US durable goods orders jump past forecasts in May

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