Commodities News
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OPEC cuts oil demand forecasts for fourth straight month
Tuesday 12 Nov 2024
(Sharecast News) - The Organization of Petroleum Exporting Countries has lowered its outlook for oil demand this year for the fourth straight month after pushing back a scheduled production increase a... Read More
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German economic sentiment deteriorates in November - ZEW
Tuesday 12 Nov 2024
(Sharecast News) - German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. Read More
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German CPI confirmed at 2% in October as food, services prices rise
Tuesday 12 Nov 2024
(Sharecast News) - German inflation rose in October, driven by a rise in food prices and ongoing above-average increases for services, official data confirmed on Tuesday. Read More
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Bitcoin tops $82,000 level in early Monday trading
Monday 11 Nov 2024
(Sharecast News) - Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump's US election victory, with expectations that his administrat... Read More
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US consumer confidence edges higher in November, University of Michigan says
Friday 08 Nov 2024
(Sharecast News) - Consumer confidence in the States hit a six-month high heading into the elections in November, the results of a closely followed survey revealed. Read More
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China unveils £1.1bn stimulus package
Friday 08 Nov 2024
(Sharecast News) - China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy. Read More
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Fed cuts by 25bp, as expected, shies away from fresh forward guidance
Thursday 07 Nov 2024
(Sharecast News) - Rate-setters in the US decided on Thursday to ease monetary policy by 25 more basis points, as expected. Read More
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US jobless claims increase by 3,000
Thursday 07 Nov 2024
(Sharecast News) - Americans lined up for unemployment benefits at an accelerated pace in the week ended 2 November, according to the Department of Labor. Read More
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Eurozone construction PMI rises to ten-month high, but outlook still gloomy
Thursday 07 Nov 2024
(Sharecast News) - The contraction of the eurozone's construction sector slowed to its lowest rate in ten months in October, though the downturn remained deeply entrenched, according to statistics fro... Read More
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Eurozone retail sales rise for third straight month
Thursday 07 Nov 2024
(Sharecast News) - Retail sales in the eurozone rose for the third straight month in September as strong gains in non-food products and fuel made up for declining sales for food, drinks, tobacco. Read More
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Sweden cuts rates, Norway stands pat
Thursday 07 Nov 2024
(Sharecast News) - Sweden's central bank cut interest rates on Thursday, while Norway left them on hold. Read More
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German industrial production drops, exports sink
Thursday 07 Nov 2024
(Sharecast News) - Industrial production in Germany dropped by more than expected in September, according to figures from Destatis, while the country's trade surplus shrank as exports declined. Read More
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US mortgage applications sink by nearly 11%
Wednesday 06 Nov 2024
(Sharecast News) - US mortgage applications continued to decline over the last week of October, according to data out on Wednesday from the Mortgage Bankers Association, as mortgage rates remained ele... Read More
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Eurozone producer prices fall in September
Wednesday 06 Nov 2024
(Sharecast News) - Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations. Read More
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Eurozone business activity stagnates - PMI
Wednesday 06 Nov 2024
(Sharecast News) - The Eurozone economy failed to gain ground in October, a closely-watched survey showed on Wednesday, weighed down by weakness in Germany and France. Read More
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German factory orders rebound strongly
Wednesday 06 Nov 2024
(Sharecast News) - Factory orders in Germany unexpectedly jumped in September, rebounding sharply after a heavy fall the previous month, as orders for large transportation vessels surged. Read More
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US services sector activity picks up further in October, ISM says
Tuesday 05 Nov 2024
(Sharecast News) - Services sector activity in the US continued to expand at a brisk clip last month, the results of a closely followed survey revealed. Read More
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US trade deficit jumps to 30-month high
Tuesday 05 Nov 2024
(Sharecast News) - The US trade deficit rose to its highest in 30 months in September as businesses rushed to import goods before a planned strike at American ports. Read More
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Boeing workers agree pay deal, end strike
Tuesday 05 Nov 2024
(Sharecast News) - Boeing's workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contribut... Read More
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RBA holds rates as inflationary pressures persist
Tuesday 05 Nov 2024
(Sharecast News) - The Reserve Bank of Australia (RBA) held its cash rate steady at 4.35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battl... Read More
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