Commodities News
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European Commission downgrades eurozone growth forecasts for 2023
Friday 11 Nov 2022
(Sharecast News) - The European Commission has upgraded its forecast for eurozone growth this year, but downgraded the forecast for 2023, citing the impact of the war in Ukraine. Read More
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Cryptocurrencies celebrate U.S. CPI data, but FTX's shadow is lengthening
Friday 11 Nov 2022
(Sharecast News) - The cryptocurrency market celebrates the U.S. CPI reading for October as if it were a canteen of fresh water in the desert and, in general, it has already made significant gains in ... Read More
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German inflation reaches fresh high
Friday 11 Nov 2022
(Sharecast News) - Inflation in Germany continued to mount in October, official data showed on Friday, reaching the highest rate since reunification. Read More
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US CPI slips a bit more than expected in October
Thursday 10 Nov 2022
(Sharecast News) - The cost of living in the US slipped by more than expected last month, leading traders to pare their expectations for interest rates hikes - at least for now. Read More
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Chinese bank lending brakes sharply in October, Beijing reaffirms zero-Covid
Thursday 10 Nov 2022
(Sharecast News) - Bank lending in the People's Republic of China plumbed its lowest level in five years last month amid ongoing Covid-19 restrictions and a slump in mortgage demand. Read More
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BoJ's Kuroda says rapid one-sided weakness in yen not desirable
Thursday 10 Nov 2022
(Sharecast News) - The Governor of the Bank of Japan said that "rapid and one-sided" weakness in the yen were undesirable. Read More
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Bitcoin plummets to 2020 levels; market fears domino effect from FTX
Thursday 10 Nov 2022
(Sharecast News) - Bitcoin plummeted 15% yesterday, on Wednesday, and traded below $16,000 for the first time in two years, while Ethereum dropped 17.50% and broke October support to the downside. Cry... Read More
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Rabobank chops 12-month forecast for euro-dollar
Tuesday 08 Nov 2022
(Sharecast News) - Analysts at Rabobank took an axe to their forecasts for euro/dollar in 2023, telling clients that the currency had yet to price in the fallout of the Continent's energy crisis. Read More
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Cable rises on hopes for UK-EU breakthrough on post-Brexit customs
Tuesday 08 Nov 2022
(Sharecast News) - Sterling was on the up near the end of the session on hopes of a breakthrough in talks between Brussels and London on Northern Ireland's border and trade. Read More
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Top Fed and BoE officials say too soon to declare victory on inflation
Tuesday 08 Nov 2022
(Sharecast News) - Top officials from the Federal Reserve and Bank of England said it was too soon to declare victory over inflation. Read More
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Cryptos erase gains; FTX, midterms and inflation are among the concerns
Tuesday 08 Nov 2022
(Sharecast News) - It doesn't look like it's going to be a good week for cryptocurrencies. Bitcoin (BTC), the world's largest cryptoasset, has erased its gains of recent weeks, as it accumulates a dro... Read More
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Fed has not achieved anything in jobs market, former official says
Monday 07 Nov 2022
(Sharecast News) - Americas's central bank hasn't achieved anything when it comes to softening labour market strength, a former top Federal Reserve official said. Read More
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JP Morgan sees likely peak in yields, China reopening and poor sentiment supporting stocks
Monday 07 Nov 2022
(Sharecast News) - JP Morgan equity strategists sounded a positive note on the outlook for global equities, arguing that "extremely bearish investor sentiment and light positioning" would offer suppor... Read More
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Mild autumn helps boost Eurozone investor morale
Monday 07 Nov 2022
(Sharecast News) - Investor sentiment has strengthened in the Eurozone, a closely-watched survey showed on Monday, as the mild autumn raised hopes for a better-than-feared winter. Read More
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Sharp falls for Bitcoin; crypto market fears another massive sell-off
Monday 07 Nov 2022
(Sharecast News) - Monday marks a tough start of the week for cryptocurrencies. Bitcoin (BTC), the world's largest cryptoasset, begins today with a 0.7% drop and is struggling to maintain the $20,600 ... Read More
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German industrial production rises 0.6% in September
Monday 07 Nov 2022
(Sharecast News) - German industrial production unexpectedly rose in September, according to federal statistics authority Destatis, beating market forecasts with a 0.6% month-on-month increase. Read More
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China sees exports unexpectedly fall
Monday 07 Nov 2022
(Sharecast News) - China's exports showed a surprise contraction last month, official data showed on Monday, as Covid-19 restrictions and softening global demand weighed heavily. Read More
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Pfizer BioNTech BA.4/BA.5 booster against Covid-19 shows greater efficacy
Friday 04 Nov 2022
(Sharecast News) - Pfizer and BioNTech's Covid-19 booster revealed greater efficacy against the BA.4/BA.5 variants of the virus than their original shot in persons older than 55. Read More
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US non-farm payrolls exceed forecasts for October
Friday 04 Nov 2022
(Sharecast News) - Non-farm payrolls in the US continued to grow more quickly than expected last month, although some market commentary were highlighting a decline in a measure of employment derived f... Read More
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China approves BioNTech Covid vaccine for use among expatriates
Friday 04 Nov 2022
(Sharecast News) - China approved BioNTech SE's mRNA Covid-19 vaccine for use among the expatriate population in the People's Republic of China. Read More
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