Login/Register

Commodities News

Commodities

Eurozone inflation slows to just 0.3% as energy prices drop

Eurozone inflation slows to just 0.3% as energy prices drop

Fri, 28 November 2014

Eurozone inflation slowed further in November due to a continued drop in oil prices, raising the pressure on the European Central Bank (ECB) to act in a bid to curb deflationary risks. According to th... [more]

Eurozone unemployment holds steady at 11.5%

Eurozone unemployment holds steady at 11.5%

Fri, 28 November 2014

Eurozone unemployment held steady at 11.5% in October, Eurostat announced on Friday. The figure had been widely expected by analysts. Although the rate remained unchanged, the region's number of unem... [more]

Japanese inflation slows further, as pressure on Abe intensifies

Japanese inflation slows further, as pressure on Abe intensifies

Fri, 28 November 2014

Japanese inflation slowed for the third consecutive month in October and is likely to continue falling due to the recent plunge in oil prices. The consumer price index (CPI) for last month showed that... [more]

Ali al-Naimi says OPEC will not cut production

Ali al-Naimi says OPEC will not cut production

Thu, 27 November 2014

The Organisation of Petroleum Exporting Countries (OPEC) decided on Thursday to maintain its current "official" output target unchanged, at 30m barrels per day, surprising analysts which had expected ... [more]

German harmonised CPI in line with forecasts in November

German harmonised CPI in line with forecasts in November

Thu, 27 November 2014

The rate of consumer price increases in Germany slowed in November, with lower prices seen across all the main item categories. The consumer price index (CPI) printed at a 0.6% year-on-year pace of ch... [more]

Draghi says ECB unanimously supports additional measures if necessary

Thu, 27 November 2014

The European Central Bank's (ECB) governing council stands unanimously in favour of using further "unconventional instruments", should they be necessary to further address risks of inflation remaining... [more]

First phase of Ebola vaccine tests successful, GSK says

Thu, 27 November 2014

An Ebola vaccine developed by Glaxosmithkline (GSK) has passed its first phase trial after testing 20 volunteers in the US. The British drugmaker said the vaccine was "well-tolerated" and produced an ... [more]

Greece's exit from EU/IMF bailout could be delayed due to "technical reasons"

Thu, 27 November 2014

Greece 's planned exit from the European Union (EU) and International Monetary Fund (IMF) bailout by the end of the year might have to be delayed by a couple of weeks. On Thursday, Evangelos Venizelos... [more]

Market overview: FTSE finishes lower after OPEC keeps output target unchanged

Thu, 27 November 2014

1630 (Close): The FTSE ended down 5.75 points to 6723.42 after OPEC decided to keep its output target unchanged at 30m barrels per day, surprising analysts which had expected at least some token actio... [more]

Oil prices plummet amid speculation OPEC won't cut output

Thu, 27 November 2014

Oil price hit a new four-year low on Thursday, amid mounting speculations that producers will not agree output cuts at a meeting in Vienna. Brent crude fell 2% to $76.20, meaning the benchmark has now... [more]

Chinese industrial profits drop by 2.1%, worst decline in two years

Thu, 27 November 2014

Industrial profits in China slumped in October, according to the National Bureau of Statistics, as weak demand, rising costs of labour and falling product prices took their toll on companies' bottom l... [more]

UAE signals calm with fall in oil price, calls on non-OPEC to cut

Wed, 26 November 2014

The United Arab Emirates's (UAE) oil minister, Suhail bin Mohammed al-Mazroui, on Wednesday afternoon signaled that his country was not alarmed by the recent fall in the price of oil, while at the sam... [more]

US consumer confidence at seven-year high in November

Wed, 26 November 2014

Consumer sentiment in the US reached a seven-year high in November on the back of improved job prospects and a fall in gasoline prices. The final reading for the Thomson Reuters/University of Michigan... [more]

US new home sales miss the mark in October

Wed, 26 November 2014

New home sales in the US rose by 0.7% in October to reach an annualised rate of 458,000 from September's downwardly revised figure, the US Department of Commerce said on Wednesday. The consensus estim... [more]

Chicago PMI fell more than expected in November

Wed, 26 November 2014

Manufacturing activity in the Great Lakes area, in the US Mid-West, cooled more than expected in November, as the rate of growth in new orders fell back. The headline Market News International (MNI) p... [more]

US personal incomes and spending rose much as expected in October

Wed, 26 November 2014

Personal incomes and spending in the US increased by less than had been forecast in October, according to the Department of Commerce. Both gained by two tenths of a percentage point, less than growth ... [more]

Initial US jobless claims jump to 313,000 in latest week

Wed, 26 November 2014

Initial weekly jobless claims registered an unexpected jump over the last week. The number of people registering for government unemployment insurance rose by 21,000 in the seven days ending on 22 Nov... [more]

Orders for US durable goods rose in October, led by defence spending

Wed, 26 November 2014

Orders for durable goods increased by 0.4% month-on-month in October to reach $243.8bn, according to the US Department of Commerce. The consensus estimate was for a drop of 0.6% on the month. On top ... [more]

ECB sovereign-debt buying possible next year, says Constancio

Wed, 26 November 2014

Vitor Constancio, the vice president of the European Central Bank (ECB), said that the bank will consider early next year purchasing sovereign debt proportional to the size of each Eurozone member's e... [more]

Juncker's €315bn 'New Deal' for Europe dismissed by economists

Wed, 26 November 2014

The European Commission president has seen his €315bn "New Deal" plan aimed at dragging Europe out of recession dismissed as a "gimmick" and likely to fall short of having any near-term effects o... [more]

Microsoft allegedly fined $140m by Chinese government for tax evasion

Wed, 26 November 2014

Microsoft has been fined $140m in back taxes and interest by the Chinese government, according to reports. Chinese news agency Xinhua did not name Microsoft directly but made reference to a company wh... [more]

Oil futures retreat as negotiations on OPEC output cut stall

Tue, 25 November 2014

Saudi Arabia would support a 'roll-over' of OPEC's current production limit, together with a call for stricter compliance with the same, according to remarks made by a Gulf official, on Tuesday, to Th... [more]

Russia and main oil producing nations fail to reach agreement on output cut

Tue, 25 November 2014

Three major oil producing nations and Russia's state oil company failed to reach an agreement on Tuesday regarding a reduction in the oil cartel's 'official' oil output target. They were meeting ahead... [more]

US annual house-price inflation slows to two-year low

Tue, 25 November 2014

Annual house-price inflation in the States eased to its slowest pace in two years in September, according to S&P/Case-Shiller data released on Tuesday. Prices of single-family homes across the nation ... [more]

Greece's Troika's demands could slow recovery

Tue, 25 November 2014

Demands for further reform on Greece's government from its triumvirate of lenders could delay a recovery and keep bond yields elevated indefinitely, according to Capital Economics. Greek government of... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Kingfisher 310.30 2.85 14:07
St James's Place 791.50 2.79 14:07
TUI Travel 445.10 2.72 14:07
Vodafone Group 233.40 2.66 14:07
Compass Group 1,092.00 2.63 14:07

FTSE 100 Top Fallers

Name Last Chg.% Time
BG Group 910.80 -7.69 14:07
Weir Group 1,834.00 -6.43 14:07
Tullow Oil 436.50 -6.11 14:07
Smith & Nephew 1,097.00 -3.18 14:07
Intertek Group 2,331.00 -3.16 14:06