Commodities News
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US GDP growth revised down in second quarter
Wednesday 30 Aug 2023
(Sharecast News) - US economic growth was less than expected in the second quarter of 2023, official revised estimates out on Wednesday showed. Read More
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Job creation slows to pre-pandemic levels in August, ADP says
Wednesday 30 Aug 2023
(Sharecast News) - The US private sector added fewer jobs than expected in August, according to the ADP Research Institute, as recent strong growth tailed off to levels not seen since before the pande... Read More
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Eurozone economic sentiment drops in August
Wednesday 30 Aug 2023
(Sharecast News) - Economic sentiment in the eurozone fell a touch more than expected in August, according to a survey released on Wednesday. Read More
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Bitcoin climbs with a vengeance and rises above $27,000 thanks to Grayscale and 'bad news'
Wednesday 30 Aug 2023
(Sharecast News) - Bitcoin has risen strongly (+7%) and has surpassed $27,000 ($27,645), finally moving away from the $26,000 to which it clinged to for weeks. The cryptoqueen has benefited due to sev... Read More
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US job openings decline in July
Tuesday 29 Aug 2023
(Sharecast News) - The number of job openings at US companies declined in July, according to data released on Tuesday. Read More
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US consumer confidence unexpectedly tanks in August
Tuesday 29 Aug 2023
(Sharecast News) - US consumer confidence unexpectedly slumped in August as rising prices and concerns about future interest-rate hikes continued to drag on sentiment. Read More
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US house prices rise again in June
Tuesday 29 Aug 2023
(Sharecast News) - US house prices rose again in June, according to the latest S&P/Case-Shiller national home price index. Read More
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Cryptos take a breather, but Bitcoin still shows no sign of strength
Tuesday 29 Aug 2023
(Sharecast News) - Slight rises in the cryptocurrency market. Bitcoin (BTC) has gained 0.2% in the last 24 hours and is hovering around $26,000, while Ethereum (ETH) has risen another 0.2% and is seek... Read More
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German consumer sentiment set to deteriorate - GfK
Tuesday 29 Aug 2023
(Sharecast News) - German consumer sentiment is expected to deteriorate next month amid high inflation, according to a survey released on Tuesday by market research group GfK. Read More
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Cryptos are not getting back on their feet; Bitcoin drops 10% in August
Monday 28 Aug 2023
(Sharecast News) - Moderate falls in the cryptocurrency market. Bitcoin (BTC) drops 0.4% in the last 24 hours and falls below $26,000, while Ethereum (ETH) retreats another 0.4% and is close to $1,650... Read More
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Powell warns inflation still 'too high'
Friday 25 Aug 2023
(Sharecast News) - US interest rates could still be on the way to battle inflation that is "too high", Federal Reserve Chair Jerome Powell warned on Friday. Read More
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German business sentiment deteriorates further
Friday 25 Aug 2023
(Sharecast News) - German business sentiment deteriorated further in August, according to a survey released on Thursday by the Ifo Institute. Read More
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China relaxes local mortgage policy as property sector struggles
Friday 25 Aug 2023
(Sharecast News) - Authorities in Beijing announced a strategic move to counter the declining residential property market overnight on Friday, with a new policy intended to ease its stringent mortgage... Read More
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Germany exits recession, but outlook looks gloomy
Friday 25 Aug 2023
(Sharecast News) - Germany's economy flatlined in the second quarter of 2023, according to new data released on Friday which was unrevised from preliminary estimates. Read More
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US initial jobless claims fall to lowest level in three months
Thursday 24 Aug 2023
(Sharecast News) - The number of Americans filing for unemployment benefits fell last week to its lowest level in three weeks, according to data released on Thursday by the Labor Department. Read More
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US private sector nears stagnation in August PMIs
Wednesday 23 Aug 2023
(Sharecast News) - America's private sector showed signs of near stagnation in August, according to fresh survey data released on Wednesday, with business activity growth showing a slowdown. Read More
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Eurozone Aug business activity contracts at faster pace - flash PMI
Wednesday 23 Aug 2023
(Sharecast News) - Eurozone business activity contracted at an accelerating pace in August as the region's downturn spread further from manufacturing to services, according to PMI survey data publishe... Read More
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PBoC announces smaller-than-expected rate cut
Monday 21 Aug 2023
(Sharecast News) - The People's Bank of China announced a smaller-than-expected rate cut on Monday. Read More
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Eurozone CPI falls again in July
Friday 18 Aug 2023
(Sharecast News) - Eurozone inflation slowed again in July, data from the European Union showed on Friday, raising hopes that the European Central Bank may slow its cycle of rate hikes. Read More
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Bitcoin falls to nearly two-month lows and risks the $26,000 level
Friday 18 Aug 2023
(Sharecast News) - There have been a series of significant falls in Bitcoin. The cryptocurrency risks the $26,000 level on a day in which its price is at its lowest level in almost two months, specifi... Read More
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