Commodities News
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April US retail sales undershoot forecasts
Wednesday 15 May 2024
(Sharecast News) - American consumers reined in their spending last month, especially on motor vehicles and parts, as well as online. Read More
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US CPI increases 0.3% in April
Wednesday 15 May 2024
(Sharecast News) - Consumer goods and services prices increased 0.3% in April, according to the Bureau of Labor Statistics, principally due to higher oil prices and housing costs. Read More
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US mortgage applications rise 0.5%
Wednesday 15 May 2024
(Sharecast News) - US mortgage applications rose 0.5% in the week ended 10 May, according to the Mortgage Bankers Association of America, following on from a 2.6% jump in the previous week. Read More
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Eurozone inflation to fall faster than forecast - EU
Wednesday 15 May 2024
(Sharecast News) - Eurozone inflation is set to fall faster than initially expected this year, the European Commission forecast on Wednesday. Read More
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Eurozone GDP edges higher in first quarter
Wednesday 15 May 2024
(Sharecast News) - Eurozone economic growth ticked higher in the first quarter of 2024, official data showed on Wednesday. Read More
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IEA cuts forecasts for oil demand in 2024
Wednesday 15 May 2024
(Sharecast News) - The International Energy Agency (IEA) has slashed its oil demand forecast for 2024 as a result of poor industrial activity and mild winter temperatures, which have sapped gasoil con... Read More
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US wholesale inflation rises more than forecast
Tuesday 14 May 2024
(Sharecast News) - US producers prices rebounded more than expected in April after a downwardly revised fall the previous month, with the annual rate of inflation rising to its highest level in a year... Read More
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OPEC holds production forecasts, plans to use OPEC+ outlook
Tuesday 14 May 2024
(Sharecast News) - OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production... Read More
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US producer prices rise by more than expected in April
Tuesday 14 May 2024
(Sharecast News) - Wholesale prices in the US jumped past economists' forecasts last month amid big increases in energy costs and retailers' margins. Read More
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US small business optimism improves, but owners remains downbeat
Tuesday 14 May 2024
(Sharecast News) - Optimism among small businesses in the US has increased for the first time this year, but still remains well below the long-term average as inflation continues to weigh on confidenc... Read More
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Investor morale hits two-year high in Germany
Tuesday 14 May 2024
(Sharecast News) - German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high. Read More
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Biden administration to hike tariffs on $18bn of Chinese goods
Tuesday 14 May 2024
(Sharecast News) - The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panel... Read More
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Fed members continue to push back against rate-cut hopes
Friday 10 May 2024
(Sharecast News) - Federal Reserve policymakers are continuing to push back against expectations for significant interest-rate cuts this year, with governor Michelle Bowman asking for patience before ... Read More
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US consumer sentiment at six-month low as outlook weakens
Friday 10 May 2024
(Sharecast News) - Consumer sentiment in the United States dropped to a six-month low in May, according to a closely watched survey from the University of Michigan, falling much more than economists w... Read More
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US jobless claims hit nine-month high
Thursday 09 May 2024
(Sharecast News) - Americans lined up for unemployment benefits at an accelerated clip in the week ended 4 May, according to the Department of Labor, hitting a nine-month high in the process. Read More
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China imports smash forecasts as exports also rise
Thursday 09 May 2024
(Sharecast News) - China's exports rose 1.5% in April, while imports surged 8.4%, beating forecasts, according to data released by the customs agency on Thursday. Read More
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Sweden's Riksbank trims interest rates
Wednesday 08 May 2024
(Sharecast News) - Sweden's central bank trimmed interest rates on Wednesday, for the first time since 2016. Read More
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German industrial production falls less than expected
Wednesday 08 May 2024
(Sharecast News) - Industrial output in Germany fell in March, according to data released on Wednesday by the Federal Statistical Office, Destatis, though it wasn't as big a drop as expected after fig... Read More
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BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
Tuesday 07 May 2024
(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it als... Read More
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German exports up 0.9% in March but factory orders post shock fall
Tuesday 07 May 2024
(Sharecast News) - Germany on Tuesday reported an unexpected 0.9% rise in exports in March compared with the previous month, according to official data. Read More
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