Commodities News
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US initial jobless claims hit highest level since August
Wednesday 23 Nov 2022
(Sharecast News) - Americans lined up for unemployment benefits at an accelerated clip last week, with first-time claims easily beating expectations. Read More
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RBNZ delivers biggest ever rate hike in another hawkish decision
Wednesday 23 Nov 2022
(Sharecast News) - New Zealand's benchmark stock index was in the red on Wednesday, after the country's central bank delivered its biggest-ever rise in interest rates as it tightened policy for the ei... Read More
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Dead Cat Bounce for cryptos?; "We could see sharp declines"
Wednesday 23 Nov 2022
(Sharecast News) - Is a Dead Cat Bounce ocurring? Cryptocurrencies rebound strongly on Wednesday after several days of declines and cuts and have added approximately $60 billion to the total market ca... Read More
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US and EU set to announce price cap for Russian oil on Wednesday
Wednesday 23 Nov 2022
(Sharecast News) - Washington and its allies were set to announce the level of the price cap for exports of Russian crude oil on Wednesday. Read More
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ECB's working assumption is for inflation between 6-7% in 2023, De Guindos says
Wednesday 23 Nov 2022
(Sharecast News) - The European Central Bank's vice-president cautioned that inflation in the single currency block was expected to remain well above the monetary authority's inflation target over the... Read More
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Eurozone manufacturing PMI rises to 47.3 in November
Wednesday 23 Nov 2022
(Sharecast News) - A flash reading of S&P Global's Eurozone manufacturing purchasing managers' index increased to 47.3 in November from 46.4 in October, above market forecasts for a reading of 46. Read More
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Gazprom says it may curb gas flows through Ukraine, alleges Kyiv taking supplies
Tuesday 22 Nov 2022
(Sharecast News) - Gazprom announced that flows of natural gas through the last remaining pipeline to Western Europe. Read More
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UK faces harshest downturn of major economies - OECD
Tuesday 22 Nov 2022
(Sharecast News) - The UK is on track to be the worst-performing G20 country in the next two years apart from Russia, according to the latest economic forecasts from the OECD. Read More
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Euro area current account falls into the red in September
Tuesday 22 Nov 2022
(Sharecast News) - The euro area's current account fell into the red during the month of September. Read More
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Cryptos suffer on speculation of a possible Genesis bankruptcy
Tuesday 22 Nov 2022
(Sharecast News) - Cryptocurrencies continue with their particular ordeal due to all the consequences of the FTX bankruptcy. In the market there is insistent speculation about the possible bankruptcy ... Read More
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Goldman says bear market 'not yet over'
Tuesday 22 Nov 2022
(Sharecast News) - Goldman Sachs expected global equities to begin moving into a new bull market in 2023 - but from lower levels. Read More
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Sunak rules out Swiss-style deal with EU
Monday 21 Nov 2022
(Sharecast News) - Prime Minister Rishi Sunak insisted on Monday that the UK would not pursue any Swiss-style deals with the European Union. Read More
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Sharp falls for Bitcoin and Ethereum at the start of the week
Monday 21 Nov 2022
(Sharecast News) - Sharp declines for Bitcoin (-3%; $16,003) and Ethereum (-4.6%; $1,120) at the start of the week, as investors remain wary of cryptocurrencies, following the FTX bankruptcy. Read More
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German producer prices fall for first time in two years
Monday 21 Nov 2022
(Sharecast News) - Producer prices unexpectedly fell in Germany last month, official data showed on Monday, after energy costs eased. Read More
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US economy may be on the cusp of a recession, Conference Board says
Friday 18 Nov 2022
(Sharecast News) - America's economy might be on the cusp of a recession, an index meant to foreshadow the economic cycle showed. Read More
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US existing home sales fall a tad less quickly than expected in October
Friday 18 Nov 2022
(Sharecast News) - Sales of second hand homes in the US declined a tad less quickly than anticipated last month, although higher mortgage rates meant that more potential buyers were being squeezed out... Read More
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Expectations for February/March Fed pivot 'big mistake', BofA says
Friday 18 Nov 2022
(Sharecast News) - Expectations for a pivot by the Federal Reserve between February and May are a "big mistake", Bank of America strategists led by Michael Hartnett said. Read More
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ECB's Lagarde says euro area inflation far too high
Friday 18 Nov 2022
(Sharecast News) - The head of the European Central Bank said that inflation in the single-currency bloc was "far too high" and that policymakers expected interest rates to continue rising. Read More
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Fed's Bullard says 'restrictive' level of interest rates may lie between five to seven per cent
Thursday 17 Nov 2022
(Sharecast News) - A top US central bank official argued that short-term interest rates might need to rise to between 5-7% in order to be considered "sufficiently restrictive". Read More
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Factory sector activity declines in November, Philly Fed says
Thursday 17 Nov 2022
(Sharecast News) - Manufacturing sector activity in the US mid-Atlantic region worsened unexpectedly last month as factories reduced staffing levels and the work week shortened, the results of a close... Read More
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