Commodities News
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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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Fed members continue to push back against rate-cut hopes
Friday 10 May 2024
(Sharecast News) - Federal Reserve policymakers are continuing to push back against expectations for significant interest-rate cuts this year, with governor Michelle Bowman asking for patience before ... Read More
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US consumer sentiment at six-month low as outlook weakens
Friday 10 May 2024
(Sharecast News) - Consumer sentiment in the United States dropped to a six-month low in May, according to a closely watched survey from the University of Michigan, falling much more than economists w... Read More
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US jobless claims hit nine-month high
Thursday 09 May 2024
(Sharecast News) - Americans lined up for unemployment benefits at an accelerated clip in the week ended 4 May, according to the Department of Labor, hitting a nine-month high in the process. Read More
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China imports smash forecasts as exports also rise
Thursday 09 May 2024
(Sharecast News) - China's exports rose 1.5% in April, while imports surged 8.4%, beating forecasts, according to data released by the customs agency on Thursday. Read More
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