Commodities News
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EU cuts eurozone GDP forecasts, says downside risks have increased
Friday 15 Nov 2024
(Sharecast News) - The European Commission has reduced its economic growth forecast for the eurozone next year, and warned that projections could be reduced further in the event of increased protectio... Read More
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Chinese retail sales beat forecasts
Friday 15 Nov 2024
(Sharecast News) - Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector. Read More
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EU fines Meta EUR 798m over Facebook Marketplace competition concerns
Thursday 14 Nov 2024
(Sharecast News) - The European Union has imposed a €797.72m fine on Facebook's parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online ... Read More
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US initial jobless claims fall to 217,000
Thursday 14 Nov 2024
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 9 November, according to the Labor Department. Read More
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US producer prices rise 0.2pc in October
Thursday 14 Nov 2024
(Sharecast News) - US producer prices increased in October, according to the Bureau of Labor Statistics. Read More
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Eurozone employment grows in Q3, GDP at 0.4%
Thursday 14 Nov 2024
(Sharecast News) - Employment in the eurozone rose slightly more than expected in the third quarter, while the economy's growth rate was 0.4%, according to official flash estimates published on Thursd... Read More
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US CPI rises by 0.2pc in October
Wednesday 13 Nov 2024
(Sharecast News) - The US consumer price index increased to 315.66 points in October, according to the Bureau of Labor Statistics, up from 315.30 points in September. Read More
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US mortgage applications rise just 0.5pc
Wednesday 13 Nov 2024
(Sharecast News) - US mortgage applications rose 0.5% in the week ended 8 November, according to the Mortgage Bankers Association of America, principally due to a 72 basis point surge in benchmark int... Read More
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OPEC cuts oil demand forecasts for fourth straight month
Tuesday 12 Nov 2024
(Sharecast News) - The Organization of Petroleum Exporting Countries has lowered its outlook for oil demand this year for the fourth straight month after pushing back a scheduled production increase a... Read More
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German economic sentiment deteriorates in November - ZEW
Tuesday 12 Nov 2024
(Sharecast News) - German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. Read More
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German CPI confirmed at 2% in October as food, services prices rise
Tuesday 12 Nov 2024
(Sharecast News) - German inflation rose in October, driven by a rise in food prices and ongoing above-average increases for services, official data confirmed on Tuesday. Read More
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Bitcoin tops $82,000 level in early Monday trading
Monday 11 Nov 2024
(Sharecast News) - Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump's US election victory, with expectations that his administrat... Read More
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US consumer confidence edges higher in November, University of Michigan says
Friday 08 Nov 2024
(Sharecast News) - Consumer confidence in the States hit a six-month high heading into the elections in November, the results of a closely followed survey revealed. Read More
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China unveils £1.1bn stimulus package
Friday 08 Nov 2024
(Sharecast News) - China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy. Read More
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Fed cuts by 25bp, as expected, shies away from fresh forward guidance
Thursday 07 Nov 2024
(Sharecast News) - Rate-setters in the US decided on Thursday to ease monetary policy by 25 more basis points, as expected. Read More
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US jobless claims increase by 3,000
Thursday 07 Nov 2024
(Sharecast News) - Americans lined up for unemployment benefits at an accelerated pace in the week ended 2 November, according to the Department of Labor. Read More
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Eurozone construction PMI rises to ten-month high, but outlook still gloomy
Thursday 07 Nov 2024
(Sharecast News) - The contraction of the eurozone's construction sector slowed to its lowest rate in ten months in October, though the downturn remained deeply entrenched, according to statistics fro... Read More
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Eurozone retail sales rise for third straight month
Thursday 07 Nov 2024
(Sharecast News) - Retail sales in the eurozone rose for the third straight month in September as strong gains in non-food products and fuel made up for declining sales for food, drinks, tobacco. Read More
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Sweden cuts rates, Norway stands pat
Thursday 07 Nov 2024
(Sharecast News) - Sweden's central bank cut interest rates on Thursday, while Norway left them on hold. Read More
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German industrial production drops, exports sink
Thursday 07 Nov 2024
(Sharecast News) - Industrial production in Germany dropped by more than expected in September, according to figures from Destatis, while the country's trade surplus shrank as exports declined. Read More
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