Commodities News
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US initial jobless claims hit four-month low
Thursday 26 Sep 2024
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 21 September, according to the Department of Labor. Read More
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German consumer confidence improves, but macro outlook worsens
Thursday 26 Sep 2024
(Sharecast News) - A survey gauging consumer sentiment in Germany improved more than expected this month, but confidence still remains well below the historic average as declining economic expectation... Read More
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SNB cuts rates by 25 basis points to 1.0%
Thursday 26 Sep 2024
(Sharecast News) - The Swiss National Bank cut interest rates on Thursday to 1.0% from 1.25%, in line with expectations. Read More
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China pledges to step up economic support amid fears of slowdown
Thursday 26 Sep 2024
(Sharecast News) - China's leadership on Thursday pledges to increase support for the local economy, days after the country's central bank big stimulus measures amid nervousness over a slowdown. Read More
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OECD raises UK growth forecast for 2024
Wednesday 25 Sep 2024
(Sharecast News) - The Organisation for Economic Cooperation and Development (OECD) revised its forecast for the UK economy on Wednesday, projecting faster growth than Japan, Italy, and Germany this y... Read More
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Sweden's Riksbank trims interest rates
Wednesday 25 Sep 2024
(Sharecast News) - Sweden's central bank trimmed interest rates on Wednesday, in line with expectations, and said it expected to cut further in the coming months. Read More
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China unveils another stimulus measure to stimulate demand
Wednesday 25 Sep 2024
(Sharecast News) - China's central bank on Wednesday slashed it medium-term lending facility from 2.3% to 2.0%, marking the largest reduction of interest rates for one-year loans to financial institut... Read More
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US consumer confidence drops sharply in September
Tuesday 24 Sep 2024
(Sharecast News) - Confidence levels among US consumers fell by the most in more than three years in September, with the outlook on business conditions turning negative. Read More
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US home prices hit record highs, but growth slows
Tuesday 24 Sep 2024
(Sharecast News) - House-price growth in the US slowed in July but still reached another all-time high, according to closely watched S&P CoreLogic Case-Shiller data on Tuesday. Read More
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German business sentiment deteriorates more than expected - Ifo
Tuesday 24 Sep 2024
(Sharecast News) - German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the Ifo Institute. Read More
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China unveils stimulus package to bolster flagging economy
Tuesday 24 Sep 2024
(Sharecast News) - China's central bank unveiled a raft of cuts to reserve requirements and lending rates, including for existing home loans, as it tried to stimulate the country's stagnant economy. Read More
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RBA holds rates, hawkish stance as underlying inflation persists
Tuesday 24 Sep 2024
(Sharecast News) - Australia's central bank held interest rates and maintained its hawkish stance, saying policy would have to stay tight to combat stubborn underlying inflation. Read More
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US composite PMI slows as election uncertainty hits confidence
Monday 23 Sep 2024
(Sharecast News) - The expansion of business activity in the US private sector eased slightly in September, as robust growth in services was met with the steepest contraction in manufacturing for 15 m... Read More
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PBoC injects CNY 235bn into economy, lowers 14-day repo rate
Monday 23 Sep 2024
(Sharecast News) - The People's Bank of China injected around CNY 234.6bn (£25.05bn) into the banking system on Monday - the first such infusion in months - as it lowered the 14-day reverse repurchas... Read More
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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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