Commodities News
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US Empire State manufacturing index jumps in April
Monday 17 Apr 2023
(Sharecast News) - Factory sector activity in the Federal Reserve Bank of New York's district improved sharply in April, the results of a survey revealed. Read More
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G7 Russian and Australia to keep Russian oil price cap at $60 per barrel
Monday 17 Apr 2023
(Sharecast News) - G7 countries and Australia decided to maintain the current $60 a barrel price cap for seaborne crude oil supplies from Russia. Read More
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ECB's Kazaks says 25bp rate hike possible in May
Monday 17 Apr 2023
(Sharecast News) - A top European Central Bank official left the door open to a downshift in the pace of interest rate hikes. Read More
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Cryptos slow down; Ethereum optimism after Shanghai upgrade´s completed
Monday 17 Apr 2023
(Sharecast News) - The cryptocurrency market starts the week with cold feet. Bitcoin (BTC) has lost more than 1% in the last 24 hours and is back below $30,000. For its part, Ethereum (ETH) is practic... Read More
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Consumer sentiment steady in mid-April but inflation expectations jump, University of Michigan says
Friday 14 Apr 2023
(Sharecast News) - Consumer sentiment in the US was little changed even as inflation expectations moved up sharply, the results of a closely followed survey revealed. Read More
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US March retail sales drop twice as fast as forecast
Friday 14 Apr 2023
(Sharecast News) - Retail sales volumes shrank twice as fast as expected last month amid broad-based softness by categories. Read More
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US industrial production grows a bit more quickly than expected in March
Friday 14 Apr 2023
(Sharecast News) - US industrial production grew a bit more quickly than expected last month. Read More
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J.P. Morgan posts record revenues, shares fly
Friday 14 Apr 2023
(Sharecast News) - J.P.Morgan shares jumped in trading before the opening bell on Wall Street after the banking heavyweight handily beat estimates on the Street for its first quarter results. Read More
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Crypto bliss: Bitcoin near $31,000 and Ethereum surpasses $2,100
Friday 14 Apr 2023
(Sharecast News) - Cryptocurrencies remain firmly on their upward path. Bitcoin (BTC) rises over 2% in the last 24 hours and is poised to reconquer $31,000 ($30,900), while Ethereum (ETH) is celebrati... Read More
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US producer prices fall unexpectedly in March
Thursday 13 Apr 2023
(Sharecast News) - Producer prices in the US fell unexpectedly amid declines in energy and services prices. Read More
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US jobless claims rise a tad more than expected during latest week
Thursday 13 Apr 2023
(Sharecast News) - The US labour market eased a bit more during the previous week. Read More
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Eurozone industrial production rises more than expected in February
Thursday 13 Apr 2023
(Sharecast News) - Eurozone industrial production rose more than expected in February, according to figures released on Thursday by Eurostat. Read More
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China exports surge unexpectedly in March
Thursday 13 Apr 2023
(Sharecast News) - Chinese exports unexpectedly spiked in March against forecasts of a contraction, as the economy continued to recover from its zero-Covid policies and months of falling trade due to ... Read More
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German inflation confirmed easing in March
Thursday 13 Apr 2023
(Sharecast News) - German inflation continued to soften last month due to falling energy costs, with consumer prices rising by 7.4% on an annual basis, but lower than the 8.7% rate recorded in the fir... Read More
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Bank of Canada leaves rates unchanged, lifts growth forecast
Wednesday 12 Apr 2023
(Sharecast News) - The Bank of Canada left interest rates unchanged at 4.50% on Wednesday, as expected, and upgraded its growth forecast for this year. Read More
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US CPI falls back to 5.0% in March
Wednesday 12 Apr 2023
(Sharecast News) - The cost of living in the US fell back by more than expected during the previous month. Read More
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US mortgage applications rise 5.3%
Wednesday 12 Apr 2023
(Sharecast News) - US mortgage applications rose 5.3% in the week ended 31 March, according to the Mortgage Bankers Association of America, bouncing back from the prior week's 4.1% drop. Read More
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Bitcoin clings to $30,000, as it awaits the U.S. CPI
Wednesday 12 Apr 2023
(Sharecast News) - Bitcoin clings to the $30,000 level on Wednesday (-0.17%, $30.037) as it awaits the release of the March U.S. CPI and reactions from this benchmark regarding the upcoming May Federa... Read More
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UK to remain worst-performing G7 economy - IMF
Tuesday 11 Apr 2023
(Sharecast News) - The UK economy will remain the worst-performing G7 economy this year, according to forecasts published by the International Monetary Fund on Tuesday. Read More
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J.P. Morgan says recent run in technology shares 'becoming stretched'
Tuesday 11 Apr 2023
(Sharecast News) - Analysts at J.P.Morgan cautioned clients on Tuesday that the recent run in the Technology space was becoming "stretched" in absolute terms. Read More
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