Commodities News
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Eurozone business activity contracts as manufacturing downturn continues
Monday 23 Sep 2024
(Sharecast News) - Business activity across the eurozone unexpectedly contracted this month, according to preliminary estimates released on Monday by S&P Global and Hamburg Commercial Bank, marking th... Read More
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PBOC holds rates steady despite weakening recovery
Friday 20 Sep 2024
(Sharecast News) - The People's Bank of China defied expectations to keep benchmark interest rates unchanged on Friday despite calls to ease policy in the face of a weak economic recovery. Read More
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Bank of Japan leaves interest rates unchanged
Friday 20 Sep 2024
(Sharecast News) - Officials at the Bank of Japan decided to leave interest rates unchanged on Friday, as the central bank upgraded its few on consumption and signalled greater confidence in the econo... Read More
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German industrial producer prices fall 0.8% in August
Friday 20 Sep 2024
(Sharecast News) - German industrial producer prices fell 0.8% in August year on year due to lower energy costs, official data revealed on Friday. Read More
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US existing home sales fall despite declining mortgage rates
Thursday 19 Sep 2024
(Sharecast News) - Existing US homes sales fell to a 10-month low in August despite a fall in mortgage rates during the month, according to data published on Thursday, although mortgage applications p... Read More
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Philly Fed manufacturing index unexpectedly turns positive
Thursday 19 Sep 2024
(Sharecast News) - Manufacturing activity in the Philadelphia region unexpectedly expanded in September after contracting sharply the previous month, though current indicators for the industry still r... Read More
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US initial jobless claims fall to four-month low
Thursday 19 Sep 2024
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 14 September, according to the Labor Department, beating market expectations. Read More
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EU auto industry calls for 'urgent relief measures' as electric car sales plummet
Thursday 19 Sep 2024
(Sharecast News) - European automakers have called on governments for "urgent relief measures" before new emissions targets for cars and vans come into effect next year, as sales of battery-electric v... Read More
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Norway's central bank holds interest rates steady
Thursday 19 Sep 2024
(Sharecast News) - Norway's central bank kept interest rates unchanged at a 16-year high of 4.5% on Thursday but said it intends to launch a rate cutting programme during the first quarter of 2025. Read More
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Federal Reserve cuts rates by 'timely' 50bp, Bowman dissents
Wednesday 18 Sep 2024
(Sharecast News) - The US central bank surprised markets with a half percentage point interest rate cut. Read More
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US housing starts surge in August
Wednesday 18 Sep 2024
(Sharecast News) - US housing starts surged 9.6% month-on-month in August to an annualised rate of 1.35m, according to the Census Bureau, beating market expectations for a reading of 1.31m. Read More
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Eurozone inflation confirmed at 2.2% in August
Wednesday 18 Sep 2024
(Sharecast News) - Inflation in the eurozone fell to 2.2% in August from 2.6% a month earlier and confirming a flash estimate two weeks ago, according to official data published by the European Union ... Read More
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US industrial production rises more than expected
Tuesday 17 Sep 2024
(Sharecast News) - US industrial production bounced back in August, rising much more than economists had expected, according to data released on Tuesday by the Federal Reserve. Read More
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US retail sales unexpectedly inch higher
Tuesday 17 Sep 2024
(Sharecast News) - Retail sales unexpectedly rose in August, though growth was only minor suggesting that consumers remained cautious about spending in light of tough economic conditions. Read More
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German investor sentiment deteriorates more than expected - ZEW
Tuesday 17 Sep 2024
(Sharecast News) - German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. Read More
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Daily Mail, Sun cut US editorial jobs
Friday 13 Sep 2024
(Sharecast News) - Two of Britain's largest newspaper publishers, News UK and DMGT, are implementing significant job cuts in their US digital operations, it emerged on Friday. Read More
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US consumer sentiment highest since May
Friday 13 Sep 2024
(Sharecast News) - US consumer sentiment improved in September to its highest level since May, according to a preliminary survey released on Friday. Read More
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Eurozone industrial production falls as expected
Friday 13 Sep 2024
(Sharecast News) - Industrial output in the eurozone fell as expected in July, with further weakness expected into the second half of the year as the manufacturing sector across the region continues t... Read More
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Ex-NY Fed chief Dudley says he'd go for 50bp cut on 18 September
Friday 13 Sep 2024
(Sharecast News) - A former top US central bank official said the size of the Federal Reserve's first interest rate cut in the current cycle was still up in the air. Read More
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ECB cuts rates by 25 basis points as expected
Thursday 12 Sep 2024
(Sharecast News) - The European Central Bank cut interest rates on Thursday by 25 basis points to 3.5%, as widely expected, pointing to a slowdown in inflation. Read More
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