Commodities News
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Chinese banks hold benchmark lending rates steady
Monday 20 May 2024
(Sharecast News) - Chinese banks kept their benchmark lending rates unchanged after the People's Bank of China also chose to stay put on a key rate on loans it offers to lenders. Read More
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China moves to spark housing market with offer to buy empty homes
Friday 17 May 2024
(Sharecast News) - The Chinese central bank moved again to help the struggling property sector on Friday by relaxing lending rules and offering to buy commercial real estate, as data showed house pric... Read More
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Eurozone inflation steady in April
Friday 17 May 2024
(Sharecast News) - Eurozone inflation was unchanged in April, as expected, according to figures released by Eurostat on Friday. Read More
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US April import prices jump past forecasts on fuel costs
Thursday 16 May 2024
(Sharecast News) - The cost of goods purchased overseas jumped last month amid dearer prices for fuel imports. Read More
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Weekly US unemployment claims drop
Thursday 16 May 2024
(Sharecast News) - US firms continued to hold onto their workers during the latest week. Read More
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Philly Fed index declines amid drop in new orders
Thursday 16 May 2024
(Sharecast News) - Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed. Read More
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EC launches formal probe into how Meta protects minors
Thursday 16 May 2024
(Sharecast News) - The European Commission has launched formal proceedings to investigate whether Meta may have breached the Digital Services Act (DSA) through how it treats and protects minors on Fac... Read More
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Japan GDP contracts more than expected, clouds BoJ rate plans
Thursday 16 May 2024
(Sharecast News) - Japan's economy unexpectedly shrank in the first quarter as consumers tightened their belts in response to stagnant wage growth, companies cut spending and exports fell. Read More
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April US retail sales undershoot forecasts
Wednesday 15 May 2024
(Sharecast News) - American consumers reined in their spending last month, especially on motor vehicles and parts, as well as online. Read More
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US CPI increases 0.3% in April
Wednesday 15 May 2024
(Sharecast News) - Consumer goods and services prices increased 0.3% in April, according to the Bureau of Labor Statistics, principally due to higher oil prices and housing costs. Read More
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US mortgage applications rise 0.5%
Wednesday 15 May 2024
(Sharecast News) - US mortgage applications rose 0.5% in the week ended 10 May, according to the Mortgage Bankers Association of America, following on from a 2.6% jump in the previous week. Read More
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Eurozone inflation to fall faster than forecast - EU
Wednesday 15 May 2024
(Sharecast News) - Eurozone inflation is set to fall faster than initially expected this year, the European Commission forecast on Wednesday. Read More
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Eurozone GDP edges higher in first quarter
Wednesday 15 May 2024
(Sharecast News) - Eurozone economic growth ticked higher in the first quarter of 2024, official data showed on Wednesday. Read More
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IEA cuts forecasts for oil demand in 2024
Wednesday 15 May 2024
(Sharecast News) - The International Energy Agency (IEA) has slashed its oil demand forecast for 2024 as a result of poor industrial activity and mild winter temperatures, which have sapped gasoil con... Read More
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US wholesale inflation rises more than forecast
Tuesday 14 May 2024
(Sharecast News) - US producers prices rebounded more than expected in April after a downwardly revised fall the previous month, with the annual rate of inflation rising to its highest level in a year... Read More
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OPEC holds production forecasts, plans to use OPEC+ outlook
Tuesday 14 May 2024
(Sharecast News) - OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production... Read More
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US producer prices rise by more than expected in April
Tuesday 14 May 2024
(Sharecast News) - Wholesale prices in the US jumped past economists' forecasts last month amid big increases in energy costs and retailers' margins. Read More
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US small business optimism improves, but owners remains downbeat
Tuesday 14 May 2024
(Sharecast News) - Optimism among small businesses in the US has increased for the first time this year, but still remains well below the long-term average as inflation continues to weigh on confidenc... Read More
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Investor morale hits two-year high in Germany
Tuesday 14 May 2024
(Sharecast News) - German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high. Read More
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Biden administration to hike tariffs on $18bn of Chinese goods
Tuesday 14 May 2024
(Sharecast News) - The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panel... Read More
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