Commodities News
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US housing starts jump past forecasts in May
Tuesday 20 Jun 2023
(Sharecast News) - New home construction easily outpaced economists' forecasts for last month, but some economists were wary. Read More
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German producer price gains ebb in June
Tuesday 20 Jun 2023
(Sharecast News) - Factory gate prices in the single currency area's largest economy dropped last month. Read More
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Euro area construction output shrinks in April
Tuesday 20 Jun 2023
(Sharecast News) - Construction output in the single currency bloc shrank in April, despite rebounds in France and Germany. Read More
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Bitcoin trades with gains as it tries to reach $27,000
Tuesday 20 Jun 2023
(Sharecast News) - Bitcoin is trading with gains as it tries to reach the $27,000 level. Today, on Tuesday, the main cryptocurrency is moving in the $26,900 zone, which implies a rise of close to 1.5%... Read More
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PBOC cuts two key lending rates
Tuesday 20 Jun 2023
(Sharecast News) - The People's Bank of China cut two key lending rates on Tuesday as it looks to bolster the economy. Read More
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US homebuilder confidence jumps in June, NAHB says
Monday 19 Jun 2023
(Sharecast News) - Homebuilder confidence in the States moved back into positive territory for the first time in 11 months, helped by a dearth of housing inventory and improving supply chain efficienc... Read More
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Bitcoin starts to recover thanks to BlackRock's latest moves
Monday 19 Jun 2023
(Sharecast News) - Bitcoin faced a few difficult days amid the actions of US regulator, SEC, on Binance and Coinbase and their allegedly irregular practices. This caused the cryptoking to suffer, whic... Read More
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Goldman Sachs cuts China growth forecasts
Monday 19 Jun 2023
(Sharecast News) - Goldman Sachs has cut its growth forecasts for China, arguing that after a strong start in the first quarter, the country's post-reopening recovery "appears to have fizzled out in Q... Read More
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Fed's Barkin wants to return inflation to target 'relatively quickly'
Friday 16 Jun 2023
(Sharecast News) - A top Fed official said that he would be comfortable supporting further rate hikes if incoming data did not show slower demand returning inflation to 2% "relatively quickly". Read More
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US consumer confidence picks up in June, inflation expectations drop, University of Michigan says
Friday 16 Jun 2023
(Sharecast News) - Consumer confidence in the US improved a bit in June, alongside a big drop in inflation expectations. Read More
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BofA's Hartnett does not believe US stocks at start of 'new bull market'
Friday 16 Jun 2023
(Sharecast News) - A top-rated equity strategist at BofA Securities cautioned clients that he did not believe that Wall Street was starting on a "brand new shiny bull market". Read More
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Cryptos rebound, boosted by BlackRock's potential Bitcoin ETF
Friday 16 Jun 2023
(Sharecast News) - The cryptocurrency market rebounds. Bitcoin (BTC) rises over 2% in the last 24 hours and reaches $25,600, while Ethereum (ETH) follows in its wake and reaches $1,670. However, both ... Read More
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Bank of Japan leaves rates unchanged
Friday 16 Jun 2023
(Sharecast News) - The Bank of Japan maintained its loose monetary policy on Friday and left interest rates unchanged, in line with expectations. Read More
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Philly Fed manufacturing index dips a bit more than expected in June
Thursday 15 Jun 2023
(Sharecast News) - Manufacturing sector activity in the US mid-Atlantic region weakened a tad more than expected in June, the results of a closely followed survey showed. Read More
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ECB hikes again, revises core CPI forecasts higher
Thursday 15 Jun 2023
(Sharecast News) - Rate-setters in Frankfurt hiked its main interest rates again, as expected, as inflation appeared set to remain "too high for too long". Read More
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Eurozone balance of trade slides into deficit
Thursday 15 Jun 2023
(Sharecast News) - The Eurozone balance of trade fell back into deficit in April, official data showed on Thursday. Read More
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US retail sales hold up in May, rise 0.4%
Thursday 15 Jun 2023
(Sharecast News) - American consumers continued to spend at a steady clip last month. Read More
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Weekly US jobless claims remain unchanged, top forecasts
Thursday 15 Jun 2023
(Sharecast News) - There was a bit more slack than expected in the US jobs market during the latest week. Read More
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Fed's hawkish turn hits cryptos; Bitcoin drops below $25,000
Thursday 15 Jun 2023
(Sharecast News) - There´s been a vast bearish turnaround in cryptocurrencies. Bitcoin (BTC) falls 4% in the last 24 hours and drops below $25,000, while Ethereum (ETH) retreats 6% and tries to hold $... Read More
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China cuts rates as data shows economic recovery stalling
Thursday 15 Jun 2023
(Sharecast News) - Fears that China's economic recover was stalling were strengthened further as the country's central bank cut its benchmark policy rate for the first time in almost a year amid a raf... Read More
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