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Commodities

OPEC reaches deal to cut output, oil futures storm higher

OPEC reaches deal to cut output, oil futures storm higher

Thu, 29 September 2016

(ShareCast News) - In a surprise move, the Organisation for Petroleum Exporting Countries's members reached an agreement - for the first time in eight years - to cut output. Reports indicated OPEC had... [more]

Reports suggesting OPEC agreement possible send Brent futures higher

Reports suggesting OPEC agreement possible send Brent futures higher

Wed, 28 September 2016

(ShareCast News) - Reports referencing Libyan officials said an agreement from OPEC producers on oil output might yet be reached on Wednesday, sending crude oil futures promptly higher. As of 1737 BST... [more]

US crude oil inventories slip in latest week

US crude oil inventories slip in latest week

Wed, 28 September 2016

(ShareCast News) - US crude oil inventories slipped during the latest reference week, amid a moderate decline for imports. Stockpiles of commercial crude oil in the States dropped by 1.9m barrels over... [more]

MH17 flight brought down by Russian missile, claims investigation

MH17 flight brought down by Russian missile, claims investigation

Wed, 28 September 2016

(ShareCast News) - An investigation into the attack on Malaysian Airlines Flight MH17 has found "conclusive evidence" that the missile originated in Russia, and was launched by pro-Russian rebels in U... [more]

US durable goods orders hold up in August

US durable goods orders hold up in August

Wed, 28 September 2016

(ShareCast News) - Orders for goods meant to last more than three years held up better than expected in August amid large increases in those for automobiles and defense aircraft, together with core or... [more]

Interest rate rise will not threaten recovery, Fed's Williams says

Wed, 28 September 2016

(ShareCast News) - The Federal Reserve should raise interest rates sooner rather than later, according to the president of the central bank's San Francisco branch, while describing the split among the... [more]

German 2016 GDP forecasts set to be revised higher

Wed, 28 September 2016

(ShareCast News) - Germany's economy was set to outstrip earlier forecasts from the country's leading research institutes. The Eurozone's economy would expand at a 1.9% clip in 2016, faster than the 1... [more]

"I was holding back" in presidential debate, says Trump

Wed, 28 September 2016

(ShareCast News) - Republican nominee for US President Donald Trump has said that he won the debate against Hillary Clinton on Monday, and added that he was "holding back" against his opponent. Speaki... [more]

French consumer sentiment stable in September

Wed, 28 September 2016

(ShareCast News) - Consumer sentiment in the euro area“s second-largest economy was stable in September, albeit with a slight shift towards improving conditions evident, according to economists. INSEE... [more]

German consumer sentiment dips after Brexit, but still strong, GfK says

Wed, 28 September 2016

(ShareCast News) - German consumer sentiment dipped in September, as a gauge of expectations for the country“s economy slipped for a third consecutive month. GfK“s consumer sentiment index was forecas... [more]

Commodities: Oil, precious metals drop

Tue, 27 September 2016

(ShareCast News) - Saudi Arabia dashed hopes that producer countries would be able to reach an agreement to freeze output during their talks in Algiers. In remarks to journalists, the country's energy... [more]

German business chief claims Brexit will boost economy

Tue, 27 September 2016

(ShareCast News) - Mathias Dopfner, chief executive of German publishing house Axel Springer, has said that Britain's vote to leave the European Union could provide a major boost to the economy within... [more]

Trump criticises TV debate moderator Lester Holt

Tue, 27 September 2016

(ShareCast News) - The moderator of Monday night's televised US presidential debate has been criticised by candidate Donald Trump of being harsher on him than his opponent Hillary Clinton. Clinton app... [more]

Turkish bond yields jump again

Tue, 27 September 2016

(ShareCast News) - Longer-term Turkish bond yields continued to move sharply higher after the country's debt lost its investment grade status in the previous week, as economists cautioned the central ... [more]

US house price growth slows slightly in July

Tue, 27 September 2016

(ShareCast News) - Home price gains in the US slowed slightly in July. The S&P CoreLogic Case-Shiller national home price index rose by 0.7% month-on-month, which nudged the year-on-year comparison fr... [more]

First shipment of US shale gas arrives in Scotland

Tue, 27 September 2016

(ShareCast News) - The first shipment of US shale gas has arrived from Pennsylvania at Ineos's Grangemouth plant in Scotland on Tuesday despite rising tensions about fracking. The UK based chemical co... [more]

Markit's flash US services PMI beats expectations in September

Tue, 27 September 2016

(ShareCast News) - Markit's flash US services purchasing managers' index printed at 51.9 in September from 51.0 in August, beating expectations for a reading of 51.1. This marked the fastest monthly r... [more]

Britain to oppose idea of 'EU army', says defence secretary

Tue, 27 September 2016

(ShareCast News) - Britain is to oppose the idea an EU army, defence secretary Michael Fallon said as Germany and France aim to bolster the continent's security plans. At a meeting of EU defence minis... [more]

Goldman Sachs cuts Q4 2016 oil price forecast, futures drop

Tue, 27 September 2016

(ShareCast News) - Analysts at Goldman Sachs cut their forecast for the price of oil at the tail-end of 2016 following upside surprises on the production side and after greater clarity on the delivery... [more]

WTO cuts global trade growth forecast by over a third

Tue, 27 September 2016

(ShareCast News) - The World Trade Organisation cut its forecast for global trade growth to 1.7% from its April estimate of 2.8%, which would mark the slowest pace of trade since the 2008 financial cr... [more]

Italian and Spanish lending still in negative trend in August, M3 data show

Tue, 27 September 2016

(ShareCast News) - Money flowed more freely in the euro area during the month of August, but some economists were wary nonetheless. The rate of growth in the money supply as measured by the M3 monetar... [more]

CNN poll puts Clinton on top after first televised debate

Tue, 27 September 2016

(ShareCast News) - The first poll following Monday night“s televised debate between the two main US presidential candidates handed victory to the Democratic contender. A CNN/ORC poll said 62% of viewe... [more]

Markets declare Clinton victor of US debate but polls show mixed results

Tue, 27 September 2016

(ShareCast News) - As the dust settles on the first televised US presidential election debate between Hillary Clinton and Donald Trump, the markets appear to have declared the Democrat candidate the w... [more]

Commodities: OPEC members' remarks stoke volatility in crude oil futures

Mon, 26 September 2016

(ShareCast News) - Commodities were pushed higher by US dollar weakness as investors waited on the results of a key presidential election debate later in the day Stateside, with energy futures continu... [more]

ECB president Draghi urges governments to spur growth

Mon, 26 September 2016

(ShareCast News) - Mario Draghi has called on European governments to stimulate growth in the region, saying that the European Central Bank is not capable of shouldering the burden of recovery on its ... [more]