Login/Register

Commodities News

Commodities

Commodities: All eyes on new Saudi energy minister

Commodities: All eyes on new Saudi energy minister

Sat, 28 May 2016

(ShareCast News) - Commodity markets gained heading into the long weekend Stateside and in the UK, even in the face of a strengthening greenback and ahead of the 2 June summit of the Organisation of t... [more]

US Fed rate hike probably appropriate in coming months, Yellen says

US Fed rate hike probably appropriate in coming months, Yellen says

Fri, 27 May 2016

(ShareCast News) - Another interest rate hike in the US will probably be appropriate in the coming months, US Federal reserve chief Janet Yellen said. In an interview with profesor Gregory Mankiw at H... [more]

US dollar, sterling firm as Fed's Yellen speaks

US dollar, sterling firm as Fed's Yellen speaks

Fri, 27 May 2016

(ShareCast News) - The US dollar and sterling are higher this evening on most other currencies, with chatter continuing on when the next US interest rate hike will come and lingering caution on the UK... [more]

US consumer sentiment improves less than expected in May

US consumer sentiment improves less than expected in May

Fri, 27 May 2016

(ShareCast News) - Consumer sentiment in the US improved less than expected in May, according to the final reading from the University of Michigan. The University of Michigan's consumer sentiment inde... [more]

US Q1 GDP better than first estimated but still sluggish

US Q1 GDP better than first estimated but still sluggish

Fri, 27 May 2016

(ShareCast News) - US growth did not slow as sharply in the first quarter as initially estimated, according to data released by the Commerce Department. The second release of data showed US gross dome... [more]

Fund flows flirting with contrarian buy signal, BofA says

Fri, 27 May 2016

(ShareCast News) - Flows into and out of the different asset classes over the latest week were flirting with a possible 'contrarian' buy signal in global equities, Bank of America-Merrill Lynch strate... [more]

Citi reiterates underweight stance on global equities

Fri, 27 May 2016

(ShareCast News) - Analysts at Citi reiterated their cautious view on global equities, pointing out the recent so-called 'bull flattening' seen in the US government interest rate curve. "We are still ... [more]

Japan CPI misses forecasts, consumption tax hike may be delayed

Fri, 27 May 2016

(ShareCast News) - A lead indicator for price pressures in Japan fell short of market expectations in April, leading some analysts to caution of the risk that the world´s third largest economy might b... [more]

Commodities: Advances in crude oil, copper peter out

Thu, 26 May 2016

(ShareCast News) - Gains in crude oil and copper futures early in the European session faded by the time of the closing bell on Wall Street amid very cautious remarks from policy-makers in the euro ar... [more]

Second rate increase may be appropriate fairly soon, Fed´s Powell says

Thu, 26 May 2016

(ShareCast News) - A second interest rate hike in the US may be appropriate fairly soon, if the economic data continued to live up to expectations, one of the Federal Reserve´s top officials said. "If... [more]

FX round-up: Sterling falls after slowdown in Q1 GDP confirmed

Thu, 26 May 2016

(ShareCast News) - Sterling was lower as UK's Q1 2016 gross domestic product (GDP) growth was confirmed to have slowed, with the US dollar down after a range of data and commentary from Federal Reserv... [more]

US pending home sales index jumps in April

Thu, 26 May 2016

(ShareCast News) - Contract activity in the US homebuilding sector reached its highest level in more than a decade in April, according to the results of a widely-followed survey of conditions in the s... [more]

US durable goods orders rise 3.4% in April, buoyed by aircraft sales

Thu, 26 May 2016

(ShareCast News) - New orders for US-made durable goods rose 3.4% month-on-month in April, the Department of Commerce said, following on from a 1.9% gain in March. Core durables, which exclude transpo... [more]

US jobless claims fall more than expected

Thu, 26 May 2016

(ShareCast News) - The number of Americans filing for unemployment benefits fell more than expected last week, according to the Labor Department. US initial jobless claims decreased by 10,000 from the... [more]

Oil´s rise above $50 will be positive for the global economy, think-tank says

Thu, 26 May 2016

(ShareCast News) - The rise in oil prices past the $50 per barrel mark was positive for the global economy all things considered, but it also made it increasingly hard to argue that deflation posed a ... [more]

Election uncertainty weighs on Spanish GDP in first quarter

Thu, 26 May 2016

(ShareCast News) - Headline economic growth in Spain remained robust at the start of the year, but the details of the report revealed a sharp slowdown in investment due to the impact of the severe pol... [more]

Fed´s Kaplan sees case for rate hike in near future, Brexit will be a factor

Thu, 26 May 2016

(ShareCast News) - A top US central bank official said he would support another interest rate hike "in the near future", adding that the risk of a possible Brexit would factor into rate-setters´ delib... [more]

Commodities: Oil moves back towards $50 a barrel after US inventory data

Wed, 25 May 2016

(ShareCast News) - Crude oil futures pushed closer towards the pyschological $50 a barrel mark, riding higher on the coat-tails of the latest US Department of Energy data which revealed a 4.2m barrel ... [more]

US goods trade deficit rises less than expected in April

Wed, 25 May 2016

(ShareCast News) - America´s trade deficit with the rest of the world did not increase as sharply as expected in April, which might help to boost economic growth in the second quarter of 2016, economi... [more]

US services PMI unexpectedly drops in May

Wed, 25 May 2016

(ShareCast News) - Activity in the US services sector unexpectedly deteriorated in May, according to data released on Wednesday. Markit's flash US services purchasing managers' index fell to 51.2 from... [more]

Brexit could jeopardise sterling´s reserve currency status, S&P says

Wed, 25 May 2016

(ShareCast News) - Leaving the European Union could "jeopardise" the pound´s standing as a reserve currency, make attracting foreign capital dearer, Standard&Poor´s Global Ratings pointed out. "Sovere... [more]

Greece creditors agree to unlock further aid

Wed, 25 May 2016

(ShareCast News) - Greece's creditors have agreed a deal to unlock a further €10.3bn in bailout funds to ease the country's debt burden. After an 11-hour meeting in Brussels, Eurozone ministers a... [more]

German Ifo business confidence improves more than expected

Wed, 25 May 2016

(ShareCast News) - German business confidence improved more than expected in May, according to a widely-followed survey. The IFO Institute's business climate index rose to 107.7 from 106.7 in April, b... [more]

Insurers and High Street banks pace gains amid pound strength

Tue, 24 May 2016

(ShareCast News) - The leaderboard for London´s top flight index on Tuesday was a who´s-how of the City´s top insurers and the main High Street banking groups as the latest EU referendum poll results ... [more]

US new home sales surge in April, beat expectations

Tue, 24 May 2016

(ShareCast News) - Sales of new US single-family homes rose to their highest level since 2008 in April, official data released on Tuesday showed. According to figures from the Commerce Department, new... [more]