News
OECD slashes global growth forecasts due to Middle East crisis
48+ min ago (320+ words) Sharecast News | 03 Jun, 2026 The Organisation for Economic Co-operation and Development has slashed its forecasts for global GDP growth this year due to the conflict in the Middle East, warning of a further hit to economic activity if disruptions persist into…...
US manufacturing PMIs strengthen in May
1+ day, 21+ hour ago (249+ words) US factory activity strengthened in May, according to two separate surveys on Monday, with both the Institute for Supply Management and S&P Global manufacturing PMIs pointing to the sector's fastest expansion in nearly two years. The ISM manufacturing PMI…...
German inflation eases in May
5+ day, 3+ hour ago (132+ words) German inflation eased in May despite the ongoing conflict in the Middle East, according to figures released on Friday by Destatis. The consumer price index fell to 2. 6% on the same month a year earlier, from 2. 9% in April. Meanwhile, the harmonised…...
Eurozone trade surplus narrows sharply
2+ week, 1+ day ago (202+ words) Sharecast News | 19 May, 2026 The Eurozone's trade balance shrank significantly in March, official first estimates published on Tuesday showed. According to Eurostat, the statistical office of the European Union, the international trade in goods surplus was "7. 8bn, down sharply on last March's…...
US initial jobless claims ahead of expectations at 211, 000
2+ week, 5+ day ago (133+ words) Sharecast News | 14 May, 2026 Americans lined up for unemployment benefits at an accelerated pace in the week ended 9 May, according to the Labor Department, with initial claims jumping by 12, 000 to 211, 000 - above market expectations of 205, 000. Continuing jobless claims also increased, rising by…...
US mortgage applications grow 1. 7pc
3+ week, 5+ hour ago (96+ words) Sharecast. com US mortgage applications grow 1. 7pc Elsewhere on the macro front, mortgage applications increased by 1. 7% in the week ended 8 May, according to the Mortgage Bankers Association of America, despite consistently high borrowing costs, with benchmark mortgage rates rising to their…...
UK food services prices dip in March, but wholesale inflation set to soar
3+ week, 8+ hour ago (294+ words) Sharecast News | 13 May, 2026 Food and drink prices across the UK hospitality sector dipped in March, according to the latest figures out on Wednesday from NIQ and Prestige Purchasing, though the decline was likely only temporary with inflationary pressures having ramped…...
Tuesday newspaper round-up: Household spending, Buzz Feed, Grant Thornton
3+ week, 1+ day ago (594+ words) Households cut back on their spending in April at the fastest pace in 18 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK's biggest banks has suggested....
German April inflation confirmed at 2. 9%
3+ week, 1+ day ago (94+ words) Sharecast News | 12 May, 2026 German inflation was confirmed at 2. 9% in April, the federal statistics office said on Tuesday. Inflation on a harmonised to compare with other European Union countries, stood at 2. 8% year-on-year in March. The rise was due to higher energy…...
Swedish central bank holds rates as it eyes Iran war impact on prices
3+ week, 6+ day ago (174+ words) Sweden's central bank left its key interest rate on hold as it assessed the economic impact of the Iran war on inflation. The Riksbank held its benchmark rate at 1. 75% in line with expectations. Sweden's underlying inflation was the lowest in…...