Login/Register

Commodities News

Commodities

US May trade deficit points to weakness in parts of economy

US May trade deficit points to weakness in parts of economy

Mon, 27 June 2016

(ShareCast News) - The US trade deficit increased by more than economists had expected in May, which was a possible indication of weakness in parts of the US economy according to some economists. Amer... [more]

Flat US services PMI suggests no rush for Fed rate hike

Flat US services PMI suggests no rush for Fed rate hike

Mon, 27 June 2016

(ShareCast News) - Activity in the US services sector failed to rally as hoped in June, according to data released on Monday, suggesting that the economy's underlying rate of growth remains lowly and ... [more]

Business groups lobby for access to the single market in Brexit talks

Business groups lobby for access to the single market in Brexit talks

Mon, 27 June 2016

(ShareCast News) - Business groups are to meet with the business secretary on Tuesday to lobby for assurances in Brexit negotiations to secure Britain's industrial future and to avoid economic limbo. ... [more]

Merkel appears to rule out informal Brexit talks

Merkel appears to rule out informal Brexit talks

Mon, 27 June 2016

(ShareCast News) - German Chancellor Angela Merkel on Monday said she could not allow an extended 'waiting game' with the UK and appeared to rule out the possibility of holding 'informal' negotiations... [more]

Stay cautious, but FTSE 100 remains 'overweight', JP Morgan says

Stay cautious, but FTSE 100 remains 'overweight', JP Morgan says

Mon, 27 June 2016

(ShareCast News) - The consequences of Brexit would be long-lasting as there were no easy or quick remedies for the shift towards 'anti-establishment' politics over the past few years, which the finan... [more]

Yield on 10-year Gilts drops below 1.0% for first time ever

Mon, 27 June 2016

(ShareCast News) - The yield on the benchmark 10-year Gilt dropped below 1.0% for the first time ever as markets continued to adjust to the new risk scenario following Brexit. Despite some 'market-cha... [more]

MPs submit motion of no confidence in Corbyn

Fri, 24 June 2016

(ShareCast News) - Labour party leader Jeremy Corbyn is facing a motion of no confidence after the UK voted to leave the European Union on Friday. Veteran Labour MPs Dame Margaret Hodge and Ann Coffey... [more]

US consumer confidence dips in June, University of Michigan says

Fri, 24 June 2016

(ShareCast News) - US consumer sentiment dipped by a little bit more than economists had been expecting in June, but the data continued to point to a moderate rate of growth in consumer spending, acco... [more]

Federal Reserve stands ready to provide liquidity if needed

Fri, 24 June 2016

(ShareCast News) - The Federal Reserve was "monitoring developments" in global financial markets, in co-operation with other central banks, following the result of the UK's referendum, the US central ... [more]

US durable goods orders fall more than expected in May

Fri, 24 June 2016

(ShareCast News) - A widely-followed lead indicator for spending on investment declined more sharply than expected in May, highlighting one of the main areas of weakness in the US economy currently, a... [more]

Brexit: Result will be 'credit negative' for UK - Moody's, Fitch

Fri, 24 June 2016

(ShareCast News) - The UK's decision to leave the European Union would be "credit negative" for sovereign and other related entities and most sectors in the country, two ratings agencies said on Frida... [more]

Swiss central bank intervenes to cut franc

Fri, 24 June 2016

(ShareCast News) - The Swiss National Bank (SNB) acted quickly in the currency markets after the UK voted for a Brexit from the European Union, sending the pound plummeting and l money flow to the tra... [more]

Asian markets crash as Brexit eyed, yen strengthens as Kurdo 'carefully monitors'

Fri, 24 June 2016

(ShareCast News) - Asian stock markets were in turmoil on Friday morning, a vision of the future for the European open, as the UK appeared to be on the verge of a Brexit from the EU, causing consterna... [more]

UK population growth surpasses half-a-million in 2015, ONS says

Thu, 23 June 2016

(ShareCast News) - The population of the UK grew by more than half a million in 2015 to reach 65.1m, according to the latest official estimates. Net migration accounted for almost two thirds of the in... [more]

Obama's fracking rule blocked by judge

Thu, 23 June 2016

(ShareCast News) - A US federal judge has blocked an Interior Department rule, which was to set strict standards for hydraulic fracturing for oil and gas on public lands, in a blow to Barack Obama. Wy... [more]

German cinema gunman shot dead by police, no fatalities

Thu, 23 June 2016

(ShareCast News) - A masked gunman opened fire on a cinema complex near Frankfurt in Germany and was shot dead by police. There were no fatalities but about 25 people were affected by CS tear-gas used... [more]

US new home sales fall more than expected in May

Thu, 23 June 2016

(ShareCast News) - Sales of new US single-family homes declined more than expected in May, official data released on Thursday showed. According to figures from the Commerce Department, new homes sales... [more]

Markit's flash US manufacturing PMI bounces back

Thu, 23 June 2016

(ShareCast News) - Markit's flash manufacturing purchasing managers' index printed at a three-month high of 51.4 in June, up from 50.7 in May and ahead of economists' expectations for a reading of 50.... [more]

US initial jobless claims drop more than expected

Thu, 23 June 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 declined by 18,000 from the ... [more]

Markit's flash eurozone PMI at 17-month low

Thu, 23 June 2016

(ShareCast News) - Markit's flash eurozone composite purchasing managers' index (PMI) fell to a 17-month low of 52.8 in June from 53.1 in May, below economists' expectations of a reading of 53.1. The ... [more]

Commodities: US oil storage capacity use hits record

Wed, 22 June 2016

(ShareCast News) - Commodity prices slipped despite weakness in the US dollar, led by losses in the energy complex. Front month West Texas Intermediate crude oil futures were retreating 1.05% to $48.8... [more]

US oil inventories register small decline

Wed, 22 June 2016

(ShareCast News) - Commercial stockpiles of crude oil in the States registered a small drop last week, despite a large increase in imports. US crude oil inventories fell by 0.9m barrels over the week ... [more]

Latest Brexit poll: Leave 45% and Remain 44%

Wed, 22 June 2016

(ShareCast News) - The latest poll for Thursday's European Union referendum put both sides virtually neck-and-neck with 'Leave' at 45% and 'Remain' at 44%. The poll was carried out online between 20 a... [more]

US dollar may be up to 20% overvalued, IMF says

Wed, 22 June 2016

(ShareCast News) - The outlook for the US economy was positive even as it entered its seventh consecutive year of expansion, despite recent setbacks and the possibility that the US dollar might be sub... [more]

Eurozone consumer confidence unexpectedly drops in June

Wed, 22 June 2016

(ShareCast News) - Consumer confidence in the Eurozone unexpectedly deteriorated in June, according to data from the European Commission. The EC's flash consumer confidence index fell to -7.3 from -7.... [more]