Monday, 3rd August 2015

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UK government starts RBS share sell-off

Mon 3rd Aug 15, 18:17:11

Frank Prenesti

(ShareCast News) - The UK government said it has started the sell off of its 79% stake in Royal Bank of Scotland, with a tranche of 600m shares, or 5.2% being offered to institutional investors at a loss to the taxpayer.

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US close: Stocks decline amid oil prices slump, as investors analyse raft of economic data

(ShareCast News) - US stocks declined on Monday, as investors digested a bulk of economic data, including reports on manufacturing and personal income, while oil price tumbled. 4 hours ago

Europe close: Eurozone data offsets Greece, China woes to help equities close higher

(ShareCast News) - European shares closed marginally higher as a raft of positive corporate news and economic data helped to offset earlier concerns about the continuing slowdown in China and a turbulent resumption of trading on the Greek stock exchange after a five week shutdown. 7 hours ago

Commodities: Oil, base metals plunge in dire European session

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FTSE 100 movers: Intertek surges on first-half numbers but miners slump on China woes

(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. 8 hours ago

US ISM manufacturing index falls unexpectedly in July

(ShareCast News) - The US ISM manufacturing index ticked lower in July, falling from 53.5 in June to 52.7, below consensus expectations for a stable reading. 8 hours ago

US personal income and expenditure up in June

(ShareCast News) - Personal incomes in the US increased by 0.4% in June according the country's Bureau of Economic Analysis. 9 hours ago

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