Commodities News
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Cryptos try to find direction while keeping the Fed in focus
Tuesday 30 May 2023
(Sharecast News) - Sentiment has been tempered in the cryptocurrency market. Bitcoin (BTC) falls 0.4% in the last 24 hours and stands at $27,800, while Ethereum (ETH) is trading virtually flat and hol... Read More
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Bitcoin seeks to regain $28,000, boosted by U.S. debt ceiling
Monday 29 May 2023
(Sharecast News) - There´s been a comeback in the cryptocurrency market. Bitcoin (BTC) has risen around 3% in the last 24 hours and is on the verge of regaining the $28,000 level. Ethereum (ETH), for ... Read More
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US consumer confidence slips in May, price expectations fall, University of Michigan says
Friday 26 May 2023
(Sharecast News) - Consumer confidence in the US slipped in May amid the uncertainty around the debt ceiling crisis and concern about a potential recession, the results of a closely followed survey re... Read More
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US personal spending rebounds in April, price gains pick up
Friday 26 May 2023
(Sharecast News) - Americans resumed splashing out last month, pushing the savings rate lower. Read More
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US visible trade deficit yawns wider in April
Friday 26 May 2023
(Sharecast News) - America's visible trade deficit yawned wider last month as exports shrank rapidly. Read More
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Fed's Collings open to rate hike pause in June
Thursday 25 May 2023
(Sharecast News) - A top US central bank official said that soon, if not now, be the time for a pause in interest rate hikes. Read More
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US pending home sales remain flat in April
Thursday 25 May 2023
(Sharecast News) - Home sales in the US were flat last month amid limited inventory and due to the hurdle posed by affordability. Read More
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Weekly US jobless claims edge up, prior week tally revised markedly lower
Thursday 25 May 2023
(Sharecast News) - The US jobs market remained tight during the preceding week, the latest government data on jobless claims filings showed. Read More
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US Q1 economic growth revised upwards
Thursday 25 May 2023
(Sharecast News) - The US economy grew faster in the first quarter than initially estimated, according to figures released on Thursday by the Commerce Department. Read More
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Cryptocurrencies fall again; the Fed and debt ceiling drag Bitcoin down
Thursday 25 May 2023
(Sharecast News) - Cryptocurrencies aren´t able to recover. Bitcoin (BTC) has dropped nearly another 2% in the last 24 hours and threatens to lose $26,200, while Ethereum (ETH) follows in its wake, fa... Read More
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Germany enters technical recession as Q1 GDP revised lower
Thursday 25 May 2023
(Sharecast News) - The German economy entered a technical recession in the first quarter of this year, as households tightened spending, according to official data released on Thursday. Read More
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Fed's Waller sounds 'hawkish' note on outlook for rates
Wednesday 24 May 2023
(Sharecast News) - A top US central bank official said he could support a further 25 basis point interest rate hike at the 13-14 June policy meeting, depending on how the economic data came in between... Read More
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German business sentiment deteriorates in May - Ifo
Wednesday 24 May 2023
(Sharecast News) - German business sentiment deteriorated in May, according to a survey released on Wednesday by the Ifo Institute. Read More
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US new home sales rise more quickly than expected in May
Tuesday 23 May 2023
(Sharecast News) - Sales of newly built homes in the US increased by more than expected last month, even if from a lower than anticipated base. Read More
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Activity in US services sector accelerates in May, but slips in manufacturing
Tuesday 23 May 2023
(Sharecast News) - Services sector activity in the US picked up by surprise last month, even as that in manufacturing shrank unexpectedly, the results of two surveys revealed. Read More
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Cryptos rebound; Bitcoin, at $27,200 and worried about the debt ceiling
Tuesday 23 May 2023
(Sharecast News) - There´s been a rebound in the cryptocurrency market. Bitcoin (BTC) has currently dropped 0.3%, but has gained nearly 2% in the last 24 hours and is up above $27,200. For its part, E... Read More
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Eurozone growth slows in may - PMI survey
Tuesday 23 May 2023
(Sharecast News) - Eurozone business activity slowed more than expected in May as services slipped slightly and the manufacturing sector slowdown continued, according to initial survey results release... Read More
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Eurozone growth slows in may - PMI survey
Tuesday 23 May 2023
(Sharecast News) - Eurozone business activity slowed more than expected in May as services slipped slightly and the manufacturing sector slowdown continued, according to initial survey results release... Read More
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Fed's Bullard calls for two more 25bp interest rate hikes in 2023
Monday 22 May 2023
(Sharecast News) - A top US central bank official made the case for two more 25 basis point interest rate hikes in 2023. Read More
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EZ March construction output falls 2.4%
Monday 22 May 2023
(Sharecast News) - Construction output in the euro area fell by 2.4% month-on-month in March, compared with a revised 1.7% increase in February, according to official data released by the European Uni... Read More
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