Alexander Bueso

London

Editor in Chief at Sharecastcom

Editor in Chief at Web Financial Group/Sharecast All views are my own

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Articles

US industrial production rises as expected in March

1 week ago | sharecast.com | Alexander Bueso

According to the US Department of Commerce, in seasonally adjusted terms, total production fell at a month-on-month pace of 0.3% in March (consensus: -0.2%). Factory production was ahead by 0.3%, following a 1.0% gain in February, led by output of motor vehicles and for aerospace. Mining output was higher by 0.6% alongside, but was roughly flat for the latest three-month stretch, Commerce said. Utilities output meanwhile slumped by 5.8%.
XPS Pensions expects to meet upgraded full-year expectations

1 week ago | sharecast.com | Alexander Bueso

The UK consulting and administration business specialising in the pensions sector said sales grew by 18% over the year ending on 31 March. "As in previous years, ongoing regulatory change, new client wins, and the inflation-linkage of our contracts, combined with the resilience and predictability of our business model, has driven our robust financial performance," the company said.
US retail sales spike as consumers try to get ahead of tariffs

1 week ago | sharecast.com | Alexander Bueso

According to the US Department of Commerce, in seasonally adjusted terms, retail sales volumes increased at a month-on-month pace of 1.4% to reach $734.9bn (consensus: 1.3%). That compared to a 0.2% increase in February. Excluding motor vehicles and parts, sales were up by 0.5% (consensus: 0.3%) and if gasoline station sales were also left out then by 0.8%. Sales of motor vehicles and parts grew by 5.3% and those of building materials by 3.3%.
Euro area CPI inflation dips in March, core prices steady

1 week ago | sharecast.com | Alexander Bueso

According to Eurostat, in seasonally adjusted terms the euro area Consumer Price Index jumped at a month-on-month pace of 0.6% in March. In annual terms meanwhile, CPI was ahead by 2.2% or one tenth of a percentage point less than during the previous month. The annual rate of gain in core CPI on the other hand, which excludes food, energy, alcohol and tobacco prices, was steady at 2.4%. Both the headline and core CPI readings were in line with economists' forecasts.
China open to talks with US under certain conditions - Bloomberg

1 week ago | sharecast.com | Alexander Bueso

Beijing was open to talks with the US if Washington first committed to a number of conditions. Foremost among those, according to a person familiar with Chinese authorities' thinking, was that members of the US President's cabinet curb their contemptuous remarks, Bloomberg reported. China's government also wanted to see the US stake out a more "consistent" position and to address their concerns about US sanctions and Taiwan.
Wednesday preview: UK CPI, China activity indicators in focus

1 week ago | sharecast.com | Alexander Bueso

Investors' focus in the middle of the week will be on the latest UK inflation figures. At 0600 GMT, the Office for National Statistics is scheduled to release consumer price data covering the month of March. Consensus is that the annual rate of increase in headline CPI ticked lower by a tenth of a percentage point from the month before to reach 2.7%.
Europe close: Stocks continue to grind higher

1 week ago | sharecast.com | Alexander Bueso

The Stoxx 600 index was up 1.34% at 506.59, heading for the first close above 500 since 3 April, with gains of 1% or higher seen across London, Frankfurt, Milan and Madrid. Paris, however, rose just 0.57% as weakness in the luxury sector limited upside.
Tuesday preview: UK employment, B&M European Retail in focus

1 week ago | sharecast.com | Alexander Bueso

At 0600 GMT, the Office for National Statistics is expected to announce that the rate of growth UK in average earnings, excluding bonuses, ticked higher by a tenth of a percentage point over the three months ending in February to reach 6.0%. For City analyst Michael Hewson, recent trends in wage growth are key, to which one must add the expected increases in the national minimum wage and in pensions.
Europe close: Stocks jump as markets digest tariff news-flow

1 week ago | sharecast.com | Alexander Bueso

Even a later clarification that other tariffs would eventually placed on those goods and that levies on chip imports might come as soon as the following week failed to dent investor sentiment. The pan-European Stoxx 600 index traded 2.69% higher to 499.89, led by a 3.88% jump in a sector gauge for lenders. Germany's Dax climbed 2.85% to 20,954.83, alongside a 2.885 advance for Italy's FTSE Mib to 35,007.14.
Week ahead: UK CPI and employment data, ECB in focus

1 week ago | sharecast.com | Alexander Bueso

Against that backdrop, Tuesday and Wednesday will see the release of the latest monthly UK employment and inflation data, respectively. They will arrive alongside readings for Chinese foreign trade and economic activity more generally, on Monday and Wednesday. Wednesday's session will also see the release of US retail sales figures for March and a policy announcement out of Bank of Canada. Capping it all off, on Thursday it will be the European Central Bank's turn to decide on policy.