Commodities News
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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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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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