Login/Register

Commodities News

Commodities

German inflation in October rises less than forecast

German inflation in October rises less than forecast

Thu, 30 October 2014

German inflation in October rose an estimated 0.7% year-on-year, less than the analysts' forecasts for 0.9% on a harmonised basis, the Federal Ministry of Finance revealed on Thursday. It follows an... [more]

Consumer prices rose by less than expected in German regions in October

Consumer prices rose by less than expected in German regions in October

Thu, 30 October 2014

The latest readings on consumer prices in Germany's main federal states for the month of October were mostly weaker than expected. In particular, consumer prices in Bavaria advanced at a 0.8% year-on-... [more]

Economic sentiment improved on the Continent in October, EC survey shows

Economic sentiment improved on the Continent in October, EC survey shows

Thu, 30 October 2014

Optimism in the Eurozone's economic outlook registered a broad improvement in October according to the European Commission. The index of economic sentiment (ESI) from the European Union's (EU) executi... [more]

Spain GDP expands 0.5% in Q3, but risks lie ahead

Spain GDP expands 0.5% in Q3, but risks lie ahead

Thu, 30 October 2014

Spanish gross domestic product (GDP) growth slowed down during the third quarter in line with what the market expected, but analysts raised concerns about how the recovery will fare next year. Spanish... [more]

OPEC sees price falls curbing US shale oil industry

OPEC sees price falls curbing US shale oil industry

Wed, 29 October 2014

Speaking from the London Oil&Money conference OPEC Secretary General Abdalla Salem el-Badri signalled the cartel does not have the intention of cutting its output anytime soon. OPEC also seems to expe... [more]

Federal Reserve ends QE, rates to stay low for a considerable time

Wed, 29 October 2014

The Federal Reserve has announced the end of its bond buying programme and decided to keep interest rates unchanged. The Federal Reserve has announced the end of its bond buying programme and decided ... [more]

A hundred people feared dead after Sri Lanka landslide

Wed, 29 October 2014

Around 100 people are feared dead after a fatal landslide in Sri Lanka, according to reports. 140 houses in the city of Badulla were struck by the landslide, which came following heavy monsoon rain. ... [more]

NASA rocket suffers 'mishap' as it explodes on lift-off

Wed, 29 October 2014

An unmaned NASA rocket has exploded just seven seconds after lift-off on Tuesday evening. The Orbital Sciences Corp Antares rocket had been intended to deliver supplies and secret equipment to the Int... [more]

European Union won't reject French, Italian budgets, reports indicate

Tue, 28 October 2014

The European Union (EU) will not reject the budget plans of France and Italy, according to reports. That comes after French finance minister Michel Sapin moved to block such a possibility on Monday. ... [more]

US consumer confidence rises more than forecast

Tue, 28 October 2014

US consumer confidence rose more than expected in October, data from the Conference Board showed on Tuesday, despite recent volatility in global capital markets. The cut-off date for the survey was 16... [more]

Global gender gap narrows

Tue, 28 October 2014

The global gender gap has narrowed in the past 10 years, a survey by the World Economic Forum (WEF) found. The improvements have come as a result of the "sweeping changes" across many countries, with ... [more]

Italian business confidence rose smartly in October

Tue, 28 October 2014

Italian business confidence improved unexpectedly in October a survey from the country's statistics office (ISTAT) showed. ISTAT's headline measure improved to 89.3 from a reading of 86.9 in the month... [more]

Commodities: Goldman Sachs lowers forecast for oil prices

Tue, 28 October 2014

Front month West Texas crude futures ended the day 27 cents lower at $81 per barrel on the NYMEX. On Friday Goldman Sachs slashed its forecast for the price of oil next year. The broker now sees fron... [more]

ECB purchased €1.7bn in covered bonds last week

Mon, 27 October 2014

The European Central Bank (ECB) purchased €1.7bn in covered bonds under its third such programme since the start of the financial crisis. Via the aforementioned, and alongside its recently unvei... [more]

US service sector activity slows to six-month low

Mon, 27 October 2014

US service sector activity slowed to a six-month low in October, according to the results of a survey, analysts however continued to be optimistic regarding the economy's prospects. Survey compiler Ma... [more]

Goldman Sachs sees Brent futures at $80 per barrel in the second quarter of 2015

Mon, 27 October 2014

The oil price will head lower as the US shale revolution continues to drive a structural change in the market. In a research note sent to clients on 26 October analysts at Goldman Sachs said they were... [more]

Westminster Group's charity launches Ebola crisis appeal in West Africa

Mon, 27 October 2014

Westminster Group Foundation has launched an Ebola crisis appeal in West Africa in order to "try and alleviate some of the suffering caused by the outbreak". The charity is part of Westminster Group, ... [more]

Commodities: Swiss set to vote on central bank's gold holdings

Mon, 27 October 2014

Weak economic data out of the US weighed on economically-sensitive commodities on Friday, with traders also keeping a wide berth from risky bets ahead of the release, on Sunday, of the results of the ... [more]

German IFO business confidence falls to 103.2 in October, well below forecasts

Mon, 27 October 2014

The German IFO Institute's business climate index for the month of October slipped to a reading of 103.2 from 104.7 in the month before, a 22-month low, with both sentiment surrounding the current sit... [more]

S&P upgrades Cyprus on strong budget performance

Fri, 24 October 2014

Rating agency Standard & Poor's has upgraded European economic struggler Cyprus, citing a strong budgetary performance. The EU and the International Monetary Fund bailed out Cyprus to the tune of &eur... [more]

Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Fri, 24 October 2014

Mario Draghi, the European Central Bank's (ECB) president has warned leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession." The Eurozone countries with ... [more]

US new home sales edged higher to 467,000 in September

Fri, 24 October 2014

US new home sales edged higher by 0.2% month-on-month in September to reach an annualised rate of 467,000, according to the Department of Commerce. The consensus forecast had been for 470,000. Septem... [more]

Britain in talks with other EU states to challenge EU's £1.7bn demand

Fri, 24 October 2014

The UK is in talks with fellow European Union (EU) member states to challenge the EU's latest demand that Britain hand over £1.7bn extra this year to compensate for its recovering economy. A spokesman... [more]

US jobless claims rise 17,000, but four-week average hits 14-year low

Thu, 23 October 2014

Weekly jobless claims in the US picked up as expected last week after hitting their lowest level since 2000, but remained below the key 300,000 mark for the sixth week in a row. Initial claims for une... [more]

HSBC Chinese manufacturing PMI improves in October, but weakness remains.

Thu, 23 October 2014

The HSBC 'flash' purchasing managers' index (PMI) for Chinese manufacturing rose to 50.4 in October, but while overall growth picked up there were still some signs of weakness in the data. The headlin... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
St James's Place 706.00 2.62 14:08
Smith & Nephew 1,037.00 1.87 14:08
Sports Direct International 640.50 1.34 14:08
AstraZeneca 4,495.00 1.15 14:08
Ashtead Group 1,014.00 1.10 14:08

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 3,796.00 -5.60 14:08
Fresnillo 712.00 -4.94 14:08
Standard Chartered 953.30 -3.91 14:08
Anglo American 1,305.50 -3.48 14:08
BT Group 364.00 -3.06 14:08