Commodities News
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Powell warns inflation still 'too high'
Friday 25 Aug 2023
(Sharecast News) - US interest rates could still be on the way to battle inflation that is "too high", Federal Reserve Chair Jerome Powell warned on Friday. Read More
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German business sentiment deteriorates further
Friday 25 Aug 2023
(Sharecast News) - German business sentiment deteriorated further in August, according to a survey released on Thursday by the Ifo Institute. Read More
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China relaxes local mortgage policy as property sector struggles
Friday 25 Aug 2023
(Sharecast News) - Authorities in Beijing announced a strategic move to counter the declining residential property market overnight on Friday, with a new policy intended to ease its stringent mortgage... Read More
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Germany exits recession, but outlook looks gloomy
Friday 25 Aug 2023
(Sharecast News) - Germany's economy flatlined in the second quarter of 2023, according to new data released on Friday which was unrevised from preliminary estimates. Read More
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US initial jobless claims fall to lowest level in three months
Thursday 24 Aug 2023
(Sharecast News) - The number of Americans filing for unemployment benefits fell last week to its lowest level in three weeks, according to data released on Thursday by the Labor Department. Read More
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US private sector nears stagnation in August PMIs
Wednesday 23 Aug 2023
(Sharecast News) - America's private sector showed signs of near stagnation in August, according to fresh survey data released on Wednesday, with business activity growth showing a slowdown. Read More
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Eurozone Aug business activity contracts at faster pace - flash PMI
Wednesday 23 Aug 2023
(Sharecast News) - Eurozone business activity contracted at an accelerating pace in August as the region's downturn spread further from manufacturing to services, according to PMI survey data publishe... Read More
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PBoC announces smaller-than-expected rate cut
Monday 21 Aug 2023
(Sharecast News) - The People's Bank of China announced a smaller-than-expected rate cut on Monday. Read More
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Eurozone CPI falls again in July
Friday 18 Aug 2023
(Sharecast News) - Eurozone inflation slowed again in July, data from the European Union showed on Friday, raising hopes that the European Central Bank may slow its cycle of rate hikes. Read More
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Bitcoin falls to nearly two-month lows and risks the $26,000 level
Friday 18 Aug 2023
(Sharecast News) - There have been a series of significant falls in Bitcoin. The cryptocurrency risks the $26,000 level on a day in which its price is at its lowest level in almost two months, specifi... Read More
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Japan core inflation rate falls in July
Friday 18 Aug 2023
(Sharecast News) - Japan's core inflation rate fell to 3.1% in July from 3.3% in the previous month, in line with expectations. Read More
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Chinese property giant Evergrande files for bankruptcy
Friday 18 Aug 2023
(Sharecast News) - Evergrande, the heavily indebted Chinese property group and once the country's second developer, on Thursday filed for chapter 15 bankruptcy in New York - indicating the ongoing rea... Read More
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US jobless claims fall as expected
Thursday 17 Aug 2023
(Sharecast News) - US weekly jobless claims declined more or less as expected last week, according to statistics released Thursday by the Department of Labor. Read More
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Notable drop in cryptocurrencies after Fed's inflation alert
Thursday 17 Aug 2023
(Sharecast News) - New setback in the cryptocurrency market. Bitcoin (BTC) has fallen sharply in the last 24 hours, dropping about 1.7% and falling back to $28,600. Ethereum (ETH) has followed in its ... Read More
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EZ Q2 final GDP confirmed at 0.3% rise
Wednesday 16 Aug 2023
(Sharecast News) - Eurozone GDP rose by 0.3% in the second quarter of the year compared with the prior three months, according to official final figures. Read More
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US retail sales rose more than expected in July
Tuesday 15 Aug 2023
(Sharecast News) - US retail sales rose in July for the fourth month in a row, helped by a big boost from Amazon Prime Day. Read More
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Russia lifts rates to 12% in move to prop up rouble
Tuesday 15 Aug 2023
(Sharecast News) - Russia on Tuesday made an emergency 3.5 percentage point increase in interest rates as it tried to prop up its currency, the rouble. Read More
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China suspends youth jobs figures as data misses estimates
Tuesday 15 Aug 2023
(Sharecast News) - China's economic woes continued last month, as a deluge of data missed estimates and the country's statistics bureau controversially suspended publication of youth unemployment figu... Read More
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Japan Q2 GDP growth beats expectations
Tuesday 15 Aug 2023
(Sharecast News) - Japan's economy expanded for the third quarter in a row driven by growth in exports on the back of a weak yen, according to provisional data published on Tuesday. Read More
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China makes surprise cut to rates as economy falters
Tuesday 15 Aug 2023
(Sharecast News) - The People's Bank of China made a surprise cut to interest rates on Tuesday as it looked to stimulate economic demand amid a sputtering recovery. Read More
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