Commodities News
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German inflation slows as energy prices cool
Tuesday 13 Jun 2023
(Sharecast News) - German inflation continued to slow in May, official data showed on Tuesday, in line with expectations. Read More
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Cryptos are calm ahead of US CPI and central bank meetings
Tuesday 13 Jun 2023
(Sharecast News) - There´s a sense of calm in the cryptocurrency market. Bitcoin (BTC) has risen 1% in the last 24 hours and is trying to consolidate at $26,000 before central bank meetings begin, whi... Read More
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China cuts short-term loan rates in bid to stimulate economy
Tuesday 13 Jun 2023
(Sharecast News) - The People's Bank of China on Tuesday cut a key short-term policy rate as it an economy stalling after the reopening from the Covid-19 pandemic failed to maintain momentum. Read More
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Bitcoin and Ethereum resist SEC's advance during altcoins' falls
Monday 12 Jun 2023
(Sharecast News) - There´s not much new information to report in the cryptocurrency market. Bitcoin (BTC) has lost $26,000 since last Friday and is currently trading above $25,800 after rebounding on ... Read More
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BofA analysts say S&P 500 'bear market' now dead
Friday 09 Jun 2023
(Sharecast News) - Equity analysts at Bank of America Securities sounded a 'bullish' note on the outlook for stocks, declaring the 'bear market' "officially over" and telling clients the new 'bull mar... Read More
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Government introduces price floor on energy windfall tax
Friday 09 Jun 2023
(Sharecast News) - A windfall tax on excessive oil and gas profits will be suspended should energy prices fall, the government confirmed on Friday. Read More
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China's producer prices plunge
Friday 09 Jun 2023
(Sharecast News) - Inflation in China remained at low levels in May, official data showed on Friday, as the country's economy continued to struggle post-pandemic. Read More
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Relative calm for cryptos during high uncertainty after the SEC advance
Friday 09 Jun 2023
(Sharecast News) - The cryptocurrency market is back on track. Bitcoin (BTC) rises 0.12% in the last 24 hours and consolidates at $26,400, the range in which it has been moving in recent weeks. For it... Read More
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Eurozone tips into recession
Thursday 08 Jun 2023
(Sharecast News) - The Eurozone has tipped into recession, official data showed on Thursday, after a series of downward revisions. Read More
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Cryptos fall while focusing on the SEC and the Fed
Thursday 08 Jun 2023
(Sharecast News) - New twist in the cryptocurrency market. Bitcoin (BTC) drops more than 1% in the last 24 hours, but remains at $26,400 after surpassing $27,000 on Tuesday. For its part, Ethereum (ET... Read More
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US trade deficit jumps in April
Wednesday 07 Jun 2023
(Sharecast News) - America's shortfall on trade with the rest of the world widened unexpectedly in April. Read More
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Bank of Canada lifts rates to 4.75%
Wednesday 07 Jun 2023
(Sharecast News) - The Bank of Canada on Wednesday lifted its benchmark interest rate rate to 4.75% as it battled to stem persistent inflation amid worries that it could get stuck above its 2% target. Read More
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OECD sees moderate GDP global growth; UK to avoid recession
Wednesday 07 Jun 2023
(Sharecast News) - The global economy is forecast to grow moderately this year as inflationary pressures ease, but a recovery was still some way off, the Organisation for Economic Co-operation and Dev... Read More
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Bitcoin and Ethereum rise sharply after SEC move on Coinbase and Binance
Wednesday 07 Jun 2023
(Sharecast News) - New sharp turnaround in the cryptocurrency market. Bitcoin (BTC) rebounds 4% in the last 24 hours and regains $26,800 after reaching $25,500 yesterday. For its part, Ethereum (ETH) ... Read More
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German industrial production rises less than expected in April
Wednesday 07 Jun 2023
(Sharecast News) - German industrial production rose less than expected in April, according to data released by Destatis on Wednesday. Read More
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China exports slump in May
Wednesday 07 Jun 2023
(Sharecast News) - China's exports fell last month in another indication that the rebound in the world's second-largest economy was losing steam. Read More
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Eurozone retail sales stagnant in April
Tuesday 06 Jun 2023
(Sharecast News) - Retail sales in the Eurozone stagnated in April, official data showed on Tuesday, missing expectations for a small uptick. Read More
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Bitcoin falls to $25,000 after SEC lawsuit against Binance
Tuesday 06 Jun 2023
(Sharecast News) - There´s been a dramatic turn of events in the cryptocurrency market. Bitcoin (BTC) has plummeted 3.6% in the last 24 hours and has retreated to $25,790, while Ethereum (ETH) has dro... Read More
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Weak demand hits Eurozone construction sector
Tuesday 06 Jun 2023
(Sharecast News) - Weak demand continued to weigh heavily on the Eurozone construction sector, a closely-watched survey showed on Tuesday, despite input price rises starting to ease. Read More
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Australia's central bank hikes rates by 25 basis points
Tuesday 06 Jun 2023
(Sharecast News) - The Reserve Bank of Australia unexpectedly hiked interest rates again on Tuesday, arguing that inflation was still too high. Read More
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