Login/Register

Commodities News

Commodities

German business confidence rebounds after six months of decline

German business confidence rebounds after six months of decline

Mon, 24 November 2014

Perhaps the most closely watched gauge of German business confidence broke a string of six consecutive declines in November. The IFO institute's German business climate index rose to a reading of 104.... [more]

Weidmann says ECB can only help in short-term, Spain needs to do more

Weidmann says ECB can only help in short-term, Spain needs to do more

Mon, 24 November 2014

Whereas monetary policy can influence so-called aggregate demand, or economic activity, in the short-term, it cannot boost growth prospects in a permanent fashion, Bundesbank president Jens Weidmann s... [more]

Weidmann says ECB can only help in short-term, Spain needs to do more

Weidmann says ECB can only help in short-term, Spain needs to do more

Mon, 24 November 2014

Whereas monetary policy can influence so-called aggregate demand, or economic activity, in the short-term, it cannot boost growth prospects in a permanent fashion, Bundesbank president Jens Weidmann s... [more]

ECB's Draghi speech has turned more urgent, heralding full-blown QE

ECB's Draghi speech has turned more urgent, heralding full-blown QE

Mon, 24 November 2014

The European Central Bank (ECB) is now set to act and in doing so may make it easier for others, such as the US Federal Reserve, to do so as well. Building on the steady momentum towards 'full-blown' ... [more]

Russia faces recession, as oil prices continue to drop

Russia faces recession, as oil prices continue to drop

Mon, 24 November 2014

The Russian finance minister has warned that the country's economy could plunge into a new recession. "We are losing around $40bn [£26bn] per year due to geopolitical sanctions and we are losing some ... [more]

Greek bailout talks to resume on Tuesday

Mon, 24 November 2014

Greek officials and lenders from the European Union (EU) and the International Monetary Fund (IMF) will sit down for negotiations in Paris on Tuesday. The talks will focus on a crucial bailout review ... [more]

Former Portuguese PM arrested over fraud and money-laundering accusations

Mon, 24 November 2014

Portugal was taken by surprise this weekend when it saw its former prime minister being arrested at a Lisbon airport over tax fraud, corruption and money-laundering accusations. In a secret operation ... [more]

Commodities: Copper and gold edge higher after Chinese rate cut

Mon, 24 November 2014

The unexpected rate cut out of China, together with very dovish remarks out of ECB president Mario Draghi, provided a bid for commodities. So much so in fact that gold futures were able to eke out a r... [more]

Global buiness confidence falls to five-year low in October

Mon, 24 November 2014

Global business confidence fell to a five-year low in October, a new survey has found. The Markit Global Business Outlook Survey polled over 6,000 companies and the number of firms that expect busines... [more]

Chinese policy-makers to cut rates again, source claims

Sun, 23 November 2014

Chinese authorities are reportedly set to once again cut their interest rates amid widespread concerns over a drop in prices. The news comes after Friday saw an unexpected rate cut in the world's seco... [more]

ECB begins buying asset-backed securities

Fri, 21 November 2014

The European Central Bank (ECB) has started buying asset-backed securities in an attempt to encourage banks to lend and boost the stagnant economy. "Following publication of legal act on the implement... [more]

Support is shaky as Japan PM calls for snap election on 'Abenomics'

Fri, 21 November 2014

Prime Minister Shinzo Abe dissolved parliament's lower house on Friday ahead of a snap election on December 14. Two years after returning to power, Abe promised that "Japan is back" and now seeks a fr... [more]

China cuts interest rates to boost economic growth

Fri, 21 November 2014

China has slashed its costs of borrowing for the first time since July 2012 on Friday, in a bid to kick-start its flagging economy. The country's central bank reduced its one-year benchmark lending ra... [more]

Citigroup to be ousted from ECB FX Group

Fri, 21 November 2014

Citigroup was expelled from the foreign-exchange market liaison group of the European Central Bank (ECB) after the bank was fined for rigging currency exchange rates. Citigroup was ejected from the pa... [more]

Sterling to surge to 15-year high against Euro by 2017, says Goldman Sachs

Thu, 20 November 2014

Sterling will climb relentlessly against the euro over the next three years, reaching levels last seen over a decade ago, researchers at Goldman Sachs believe. According to the bank's new forecasts, t... [more]

China's manufacturing sector cooled more quickly than expected in November

Thu, 20 November 2014

China's manufacturing sector cooled more quickly than expected in November, with economists divided on the likelihood, or even the need, for further monetary easing from Beijing. The preliminary readi... [more]

Existing home sales in the US rise unexpectedly in October

Thu, 20 November 2014

US sales of existing homes rose unexpectedly in October, increasing 1.5% to a seasonally adjusted annual rate of 5.26m, the highest level since September 2013. Commenting on the data, Lawrence Yun, th... [more]

US Philly Fed index rockets higher in November

Thu, 20 November 2014

The Federal Reserve bank of Philadelphia's manufacturing sector gauge for the month of November shot higher to a reading of 40.8 for November, its highest level since March 2011. The consensus estimat... [more]

US consumer prices were flat in October

Thu, 20 November 2014

US consumer prices were flat month-on-month and rose by 1.7% year-on-year, according to the Bureau of Labor Statistics (BLS). The consensus estimate had been for the CPI to slip by 0.1% over the month... [more]

ECB under pressure to boost economy after PMI data

Thu, 20 November 2014

As the pace of economic growth in the euro area hit a 16-month low in November, analysts warned that the pressure is on the European Central Bank (ECB) to take more action. November's composite purcha... [more]

Chinese interbank lending rates spike on demand for liquidity

Thu, 20 November 2014

Lending rates in China spiked on Thursday as demand for liquidity was boosted ahead of a raft of upcoming initial public offering (IPOs) next week, a day after Beijing announced new measures to loosen... [more]

German manufacturing activity drops in November, Markit reveals

Thu, 20 November 2014

German manufacturing activity declined unexpectedly in November, a report showed on Thursday. Markit's purchasing managers' index (PMI) fell to 52.1 this month from 54.4 the previous month, compared t... [more]

OPEC may be slow, but it's not irrational, they will cut, Morgan Stanley says

Wed, 19 November 2014

The Organisation of Petroleum Exporting Countries (OPEC) is now more likely to reduce its output when it next meets on 27 November Morgan Stanley wrote in a research note that begins by setting out ho... [more]

Deutsche Bank CEO forecasts 10% growth in Asia-Pacific revenue

Wed, 19 November 2014

Co-chief executive officer for Deutsche Bank's Asia-Pacifc region, Gunit Chadha, outlined expectations for a 10% increase in revenue over the next three to five years. During a television interview, C... [more]

BoJ keeps policy unchanged, while analysts critical of policy mix

Wed, 19 November 2014

At its monetary policy ended on 19 November the board of the Bank of Japan decided to keep its annual target for growth in the economy's monetary base at 80trn yen. On this occasion however there was ... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Friends Life Group Limited 368.20 5.90 17:09
Smith & Nephew 1,142.00 4.40 17:09
BT Group 394.50 3.71 17:08
London Stock Exchange Group 2,172.00 3.28 17:00
Carnival 2,664.00 1.80 17:10

FTSE 100 Top Fallers

Name Last Chg.% Time
Petrofac Ltd. 877.50 -26.45 17:10
Aviva 510.00 -5.38 17:10
Hargreaves Lansdown 958.50 -5.29 17:02
Sainsbury (J) 252.30 -2.85 17:10
BHP Billiton 1,621.00 -2.47 17:15