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Commodities

German consumer confidence remains high, Gfk finds

German consumer confidence remains high, Gfk finds

Thu, 23 March 2017

(ShareCast News) - German consumer sentiment is expected to worsen in March, according to a survey published on Thursday. The GfK consumer sentiment index fell to 9.8 for April from 10.0 in March, bel... [more]

Two more rate hikes in 2017 reasonable, Fed's Kaplan says

Two more rate hikes in 2017 reasonable, Fed's Kaplan says

Wed, 22 March 2017

(ShareCast News) - The US central bank should hike interest rates twice more in 2017 and was moving towards the point where the balance sheet could be allowed to start to reduce gradually, a top offic... [more]

FX round-up: Sterling mixed on Wednesday after UK inflation supercharge ebbs

FX round-up: Sterling mixed on Wednesday after UK inflation supercharge ebbs

Wed, 22 March 2017

(ShareCast News) - Sterling plugged away to achieve a mixed out-turn on major crosses Wednesday, but did manage to craft minor gains against both the US dollar and euro even as its inflation superchar... [more]

London close: FTSE lower as 'Trump effect' wanes, Parliament attacked

London close: FTSE lower as "Trump effect" wanes, Parliament attacked

Wed, 22 March 2017

(ShareCast News) - Stocks in London ended Wednesday lower as market watchers mulled a waning of the so-called "Trump effect," with traders rightly distracted by a potential lone-wolf terror attack at ... [more]

Commodities: Crude prices tumble after US inventories build; Brent peeps below $50

Commodities: Crude prices tumble after US inventories build; Brent peeps below $50

Wed, 22 March 2017

(ShareCast News) - Crude-oil futures are strongly lower Wednesday afternoon in the aftermath of two separate reports -- one this afternoon and the other last night -- that again showed rising US stock... [more]

London attack: Policeman among 5 dead in in Westminster outrage

Wed, 22 March 2017

(ShareCast News) - Five people, including a policeman, were killed on Wednesday after a terrorist mowed down pedestrians in a car before attempting to continue his rampage inside the Palace of Westmin... [more]

Fitch downgrades Saudi Arabia over reform doubts

Wed, 22 March 2017

(ShareCast News) - Ratings agency Fitch has downgraded Saudi Arabia's sovereign debt rating to 'A+' from 'AA-' as it expressed major doubts about the government's financial reform programme. The Saudi... [more]

UK faces labour shortage as weak pound sparks EU worker exodus - BoE

Wed, 22 March 2017

(ShareCast News) - EU workers are quitting the UK as the Brexit-induced weakness of sterling erodes the value of earnings they send abroad, adding to Britain's existing labour-shortage concerns, the B... [more]

US existing home sales slump in February

Wed, 22 March 2017

(ShareCast News) - Sales of US existing homes fell much more than expected in February, according to data from the National Association of Realtors. Sales were down 3.7% to a seasonally-adjusted annua... [more]

Eurozone current account surplus narrows in January

Wed, 22 March 2017

(ShareCast News) - The current account surplus in the Eurozone narrowed in January to a 15-month low, according to data released by the European Central Bank. The seasonally-adjusted current account b... [more]

Brent oil futures flirting with key technical support

Wed, 22 March 2017

(ShareCast News) - Front mont Brent crude oil futures are testing a key level of technical support which if lost might open the way for a fall towards $46.00. The level to watch on a close of market b... [more]

FX round-up: Sterling opens throttle to drive higher as UK inflation accelerates, dollar steers lower

Tue, 21 March 2017

(ShareCast News) - Sterling opened the throttle Tuesday to drive higher against a raft of currencies and recoup some of its Brexit-induced weakness, this surge lamentably on the back of a shock accele... [more]

London close: Surge in UK inflation sees sterling, FTSE lower with miners suffering

Tue, 21 March 2017

(ShareCast News) - Stocks in London closed Tuesday convincingly lower as UK consumer inflation punched above 2% and market forecasts to send sterling lower amid dollar weakness, which served to underm... [more]

Britons keen to maintain free trade but limit freedom of movement after Brexit

Tue, 21 March 2017

(ShareCast News) - New research suggests the electorate's view on Britain's exit from the European Union has changed little since the vote nine months ago - they want to have their cake and eat it. A ... [more]

Commodities: Crude falls ahead of API stockpiles data; more downside forecast

Tue, 21 March 2017

(ShareCast News) - Crude-oil futures are down heavily Tuesday as markets look to an expected rise in American Petroleum Institute's weekly stockpile figures out later tonight, with traders taking a vi... [more]

UK bans electronic devices on flights from Turkey, Egypt, Saudi and others

Tue, 21 March 2017

(ShareCast News) - The British government has banned the use of electronic devices larger than smartphones on flights from Turkey, Lebanon, Jordan, Egypt, Tunisia and Saudi Arabia to the UK, following... [more]

Saudi Arabia holds key to extension of oil output cut deal, Russia says

Tue, 21 March 2017

(ShareCast News) - Russia's envoy to the Organisation for Petroleum Exporting Countries said a deal to curb oil output might be extended past June. A final decision depended largely on Saudi Arabia's ... [more]

Record number of fund managers says US equities overalued, BofA-Merrill finds

Tue, 21 March 2017

(ShareCast News) - A record number of fund managers now believed US equities were overvalued, despite lofty expectations for faster economic growth worldwide, the results of a widely-followed survey f... [more]

US current account deficit shrinks in the fourth quarter of 2016

Tue, 21 March 2017

(ShareCast News) - America's current account shortfall shrank at the end of 2016 on an increase in receipts from investments made abroad. The total US current account deficit improved from -$116.0bn i... [more]

S&P could end 2017 as high as 2,750 or fall to 2,170, Barclays says

Tue, 21 March 2017

(ShareCast News) - Analysts at Barclays set a 2,525 point year-end fair value target for the S&P 500 in anticipation of the US administration's spending plans, which they said would act as the "key" f... [more]

FBI director Comey confirms investigation into Trump ties with Russia

Tue, 21 March 2017

(ShareCast News) - Head of the Federal Bureau of Investigation James Comey confirmed that an probe into possible links between President Donald Trump's election campaign and the Kremlin is ongoing. Co... [more]

Snap poll shows Macron wins first French presidential TV debate

Tue, 21 March 2017

(ShareCast News) - A televised debate between France's main presidential candidates turned into a sparring match between centrist candidate Emmanuel macron and his far-tight rival, Marine Le Pen. Macr... [more]

FX round-up: Brexit start date ushers in new era of punishment for sterling

Mon, 20 March 2017

(ShareCast News) - Sterling had a tough time on key crosses Monday after PM Theresa May's office said Article 50 will be triggered on 29 March, beginning UK's divorce from the EU and ushering in a new... [more]

London close: FTSE 100 drifts higher as May sets Brexit start date

Mon, 20 March 2017

(ShareCast News) - Equities in London spent the session drifting sideways even as Prime Minister Theresa May set 29 March as the day she would trigger Article 50 to begin Brexit talks to bid farewell ... [more]

Commodities: Crude firmly lower amid unease about Opec's price-control abilities

Mon, 20 March 2017

(ShareCast News) - Crude-oil futures are firmly down Monday afternoon with markets increasingly uneasy about cartel Opec's ability to control prices amid a global supply glut and US shale output. At a... [more]