Commodities News
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Weekly US jobless claims register unexpected rise
Thursday 09 Mar 2023
(Sharecast News) - Jobless claims in the US rose unexpectedly during the previous week. Read More
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US job cuts year-to-date running at highest since 2009, Challenger says
Thursday 09 Mar 2023
(Sharecast News) - Layoff announcements in the US were running at their highest level since 2009 at the start of the year, one of the country's best known staffing agencies said. Read More
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ECB will do what it takes to bring inflation back to 2%, Villeroy says
Thursday 09 Mar 2023
(Sharecast News) - The head of the French central bank said that the European Central Bank was needed to return inflation back to its 2% goal. Read More
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Chinese inflation eases more than expected
Thursday 09 Mar 2023
(Sharecast News) - Chinese consumer price inflation eased more than expected in February, according to data released on Thursday by the National Bureau of Statistics. Read More
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Silvergate bankruptcy and the Fed drive Bitcoin to its lowest level in a month
Thursday 09 Mar 2023
(Sharecast News) - Read More
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Size of next Fed rate hike not yet decided, Powell says
Wednesday 08 Mar 2023
(Sharecast News) - Jerome Powell told US lawmakers that no decision had as yet been taken regarding the size of the potential rate hike at the central bank's 21-22 March policy meeting. Read More
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US foreign trade rises by a tad less than expected in February
Wednesday 08 Mar 2023
(Sharecast News) - America's shortfall on trade with the rest of the world widened by slightly less than anticipated in January. Read More
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US job openings decline by less than anticipated in January
Wednesday 08 Mar 2023
(Sharecast News) - The number of job openings in the US declined at the start of 2023 albeit by less than anticipated. Read More
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US private sector adds more jobs than expected
Wednesday 08 Mar 2023
(Sharecast News) - Private sector employment in the US rose more than expected in February, according to the latest data from ADP. Read More
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Eurozone economy stagnates in Q4
Wednesday 08 Mar 2023
(Sharecast News) - The eurozone economy stagnated in the final quarter of last year, according to data released on Wednesday by Eurostat. Read More
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Powell and the Fed sink cryptos; Bitcoin loses $22,000
Wednesday 08 Mar 2023
(Sharecast News) - Cryptocurrencies are not getting back on their feet. Bitcoin (BTC) drops 1.9% in the last 24 hours and falls below $22,000 for the first time in a month, while Ethereum (ETH) drops ... Read More
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German industrial production posts surprise 3.5% rise in January
Wednesday 08 Mar 2023
(Sharecast News) - German industrial production in January rose far more than expected, surging 3.5% on the previous month's fall, according to data released by the federal statistical office on Wedne... Read More
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Fed's Powell tells Senate 50bp rate hikes possible - if needed
Tuesday 07 Mar 2023
(Sharecast News) - The head of the Federal Reserve kept the door open to larger rate hikes - if needed - while pointing out that recent economic data had been stronger than expected. Read More
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US wholesale inventories fall 0.4% in January
Tuesday 07 Mar 2023
(Sharecast News) - Wholesale inventories decreased 0.40% month-on-month in January, in line with analysts' estimates. Read More
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Cryptos await Powell; Bitcoin tepid at $22,400
Tuesday 07 Mar 2023
(Sharecast News) - Little movement and lukewarmness in cryptocurrencies. Bitcoin (BTC) turns slightly upward and rises 0.1% in the last 24 hours to $22,400. Ethereum (ETH), meanwhile, rebounds 0.5% an... Read More
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German factory orders make surprise 1% jump in January
Tuesday 07 Mar 2023
(Sharecast News) - German January factory orders recorded a surprise 1% increase, driven by aircraft orders, official data revealed on Tuesday. Read More
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Chinese exports continue to decline in February
Tuesday 07 Mar 2023
(Sharecast News) - China's foreign trade surplus over the first two months of 2023 was larger than expected as the economy reopened and exports rebounded, while import growth lagged behind. Read More
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China sets modest growth target for 2023
Monday 06 Mar 2023
(Sharecast News) - China is aiming for economic growth of just 5% this year, its lowest target for decades, as the country looks to restore economic stability. Read More
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Eurozone retail sales increase at slower than expected rate
Monday 06 Mar 2023
(Sharecast News) - Retail sales increased at a slower than expected clip across the Eurozone in January, with household budgets continuing to be strained by both high inflation and rising interest rat... Read More
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ECB's Lane says rates to rise further after March increase
Monday 06 Mar 2023
(Sharecast News) - The European Central Bank's chief economist said on Monday that the Bank will likely need to increase borrowing costs further after next week's planned hike. Read More
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