Commodities News
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Saudi Arabia extends voluntary oil cut - report
Tuesday 05 Sep 2023
(Sharecast News) - Saudi Arabia has extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, CNBC reported, citing the state-owned Saudi Press Agency. Read More
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Eurozone August output falls at fastest rate in three years
Tuesday 05 Sep 2023
(Sharecast News) - Output in the eurozone during August fell at its fastest rate in three years in August, with services survey data revised downwards from initial estimates and price inflation making... Read More
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More cryptos fall; what if Bitcoin drops to $22,000?
Tuesday 05 Sep 2023
(Sharecast News) - New falls in the cryptocurrency market; Bitcoin (BTC) drops 1% in the last 24 hours and falls below $25,700, while Ethereum (ETH), which drops slightly less, is putting $1,600 in da... Read More
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China services growth slows to eight-month low in August
Tuesday 05 Sep 2023
(Sharecast News) - Business activity in China's services sector increased at its lowest rate in eight months in August, according to a private survey out on Tuesday. Read More
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Australia holds interest rates steady for third month in a row
Tuesday 05 Sep 2023
(Sharecast News) - Australia's central bank held rates steady for the third consecutive month as signs that inflationary pressures were easing continued. Read More
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German exports fall in July
Monday 04 Sep 2023
(Sharecast News) - German exports fell by 0.9% on a monthly basis from an upwardly-revised 0.2% rise in June, according to official statistics published on Monday. Read More
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Nothing new on cryptocurrencies after SEC's blow to Bitcoin ETFs
Monday 04 Sep 2023
(Sharecast News) - There have been few movements in the cryptocurrency market. Bitcoin (BTC) rises moderately and tries to regain $26,000, while Ethereum (ETH) barely rises and remains below $1,650. Read More
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US manufacturing contracts for 10th straight month, but decline eases
Friday 01 Sep 2023
(Sharecast News) - Manufacturing activity in the US contracted for the 10th straight month in August, according to the Institute for Supply Management, though the decline eased more than expected. Read More
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Payrolls rise more than expected, unemployment rate jumps
Friday 01 Sep 2023
(Sharecast News) - The US economy added more jobs than forecast in August but an unexpected jump in the unemployment rate, cooling wages and revisions to the previous months' data raised expectations ... Read More
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Bitcoin slips and loses $26,000 after SEC's blow to ETFs
Friday 01 Sep 2023
(Sharecast News) - Sharp turnaround in the cryptocurrency market. Bitcoin (BTC) has plummeted nearly 5% in the last 24 hours and lost $26,000, while Ethereum (ETH) has dropped more than 3% and stands ... Read More
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Eurozone manufacturing continues sustained decline in August
Friday 01 Sep 2023
(Sharecast News) - The eurozone manufacturing sector continued its sustained contraction in August, according to the latest HCOB/S&P Global eurozone manufacturing purchasing managers' index survey rel... Read More
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China's manufacturing sector expands in August - Caixin
Friday 01 Sep 2023
(Sharecast News) - Activity in China's manufacturing sector unexpectedly grew in August, according to figures released on Friday. Read More
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Chicago PMI improves more than expected in August
Thursday 31 Aug 2023
(Sharecast News) - Business activity in the Chicago area improved more than expected in August, according to figures released on Thursday. Read More
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US initial jobless claims fall slightly
Thursday 31 Aug 2023
(Sharecast News) - The number of Americans filing for unemployment benefits fell slightly last week, according to data released on Thursday by the Labor Department. Read More
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US consumer spending grows, inflation picks up
Thursday 31 Aug 2023
(Sharecast News) - US consumer spending rose more than expected and inflation picked up in July, according to the Bureau of Economic Analysis, which will likely raise more concerns that the Federal Re... Read More
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ECB rate hike fears rise as eurozone inflation holds stable
Thursday 31 Aug 2023
(Sharecast News) - Consumer prices in the eurozone area increased more than expected in August, raising concerns that the European Central Bank may act once again to bring down stubbornly high inflati... Read More
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Eurozone unemployment steady at 6.4% in July
Thursday 31 Aug 2023
(Sharecast News) - The jobless rate in the Eurozone held stable at 6.4% in July, according to figures out Thursday from Eurostat. Read More
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Cryptos ease after recent rises and optimism sparked by Grayscale
Thursday 31 Aug 2023
(Sharecast News) - Cryptocurrencies are taking a breather on Thursday. Bitcoin (BTC) pulls back moderately in the last 24 hours and sits comfortably above $27,200, while Ethereum (ETH) follows in its ... Read More
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German July retail sales fall, miss forecasts
Thursday 31 Aug 2023
(Sharecast News) - German retail sales fell by 0.8% month-to-month in July, missing forecasts of a 0.3% increase, according to official data released on Thursday. Read More
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China's factory activity contracts again in August
Thursday 31 Aug 2023
(Sharecast News) - Factory activity in China contracted in August for the fifth month in a row, according to data released on Thursday by the National Bureau of Statistics. Read More
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