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Commodities: Oil breaks three-week streak of gains, gold holds its ground

Commodities: Oil breaks three-week streak of gains, gold holds its ground

Fri, 21 April 2017

(ShareCast News) - Crude oil futures were in a funk again heading into the weekend, amid 'market chatter' around declining demand and concerns that Russia might yet scupper a deal by the world's large... [more]

US existing home sales hit 10-year high in March

US existing home sales hit 10-year high in March

Fri, 21 April 2017

(ShareCast News) - Sales of US existing home sales rose more than expected in March, to their highest pace in more than 10 years, according to data from the National Association of Realtors. Sales wer... [more]

US factory and service output levels at seven-month lows in April

US factory and service output levels at seven-month lows in April

Fri, 21 April 2017

(ShareCast News) - The US economy softened at the start of the year, with levels of output in both the manufacturing and services sectors dipping to seven-month lows, the results of a survey showed, b... [more]

Analysts differ on forecasts for China's FX reserves

Analysts differ on forecasts for China's FX reserves

Fri, 21 April 2017

(ShareCast News) - Capital outflows from China slowed significantly over the past two months, Capital Economics estimated, telling clients that the country's fight against them might be nearly over, b... [more]

Le Pen or Melenchon election victory would trigger a correction, Citi says

Le Pen or Melenchon election victory would trigger a correction, Citi says

Fri, 21 April 2017

(ShareCast News) - The most likely outcome of the French elections was a victory for either the centrist or centre-right candidates, Emmanuele Macron and Francois Fillon, strategists at Citi said. Yet... [more]

Barclays believes worst of iron ore price slide over, positive on mining

Fri, 21 April 2017

(ShareCast News) - Analysts at Barclays sounded a positive note on the EU mining sector, flagging the potential for large cash returns from Glencore, S32 and Rio Tinto over the medium-term. Critically... [more]

Eurozone business activity hits six-year high in April

Fri, 21 April 2017

(ShareCast News) - Business activity in the eurozone hit a six-year high in April, according to preliminary data released on Friday. Markit's flash composite purchasing managers' index rose to 56.7 fr... [more]

UK steel firms cautious ahead of Trump export investigation

Fri, 21 April 2017

(ShareCast News) - Steelmakers in Britain are on alert as Donald Trump launches an investigation into steel dumping in the US and suggested new tariffs will be levied on imports. The US President cite... [more]

Paris attacker kills policeman, injures two others, IS claims responsibility

Fri, 21 April 2017

(ShareCast News) - An attack against a bus carrying French policemen claimed one victim and left two other officers injured just two days before the hotly-contested first round of the French president... [more]

Manufacturing activity in US mid-Atlantic region slips in April

Thu, 20 April 2017

(ShareCast News) - Factory activity in the US mid-Atlantic region cooled in April alongside a decrease in price pressures. The Federal Reserve bank of Philadelphia's manufacturing sector gauge retreat... [more]

Initial weekly US jobless claims edged past forecasts

Thu, 20 April 2017

(ShareCast News) - US jobless claims rose last week, edging past economists forecasts, even as a key measure of labour market slack fell to its lowest level since the turn of the century. Initial unem... [more]

Emirates to cut US routes after Trump travel restrictions

Thu, 20 April 2017

(ShareCast News) - Middle Eastern airline Emirates is to cut its flight routes to the US, citing concerns over restrictions brought in by Donald Trump's administration related to visa programmes and e... [more]

Rex Tillerson accuses Iran of 'alarming provocations'

Thu, 20 April 2017

(ShareCast News) - US Secretary of State Rex Tillerson has warned that "alarming provocations" from Iran could destabilise other states in the Middle East, and made a comparison between it and the iso... [more]

WTI futures sent reeling by smaller than expected decline in oil stocks

Wed, 19 April 2017

(ShareCast News) - US gasoline inventories rose unexpectedly last week as refineries continued to ramp-up, but the resulting drawdown in oil stockpiles was also less than anticipated. Gasoline stockpi... [more]

Commodities: Selling abates in iron ore futures, gold lower

Wed, 19 April 2017

(ShareCast News) - A rebound in prices for some industrial metals, in the energy space and for soft commodities helped buoy the wider complex on Wednesday. As of 1556 GMT Bloomberg's commodity index w... [more]

Global fund managers shift from US to Eurozone stocks, UK unloved

Wed, 19 April 2017

(ShareCast News) - Fund managers around the world warmed towards European equities in April despite the upcoming elections in France and amid worries of delays to the White House's plans for tax cuts,... [more]

Snap election 'an excuse to do nothing' - WPP chief Sorrell

Wed, 19 April 2017

(ShareCast News) - The CEO of advertising giant WPP has said the decision of Theresa May to call a snap election later this year is "just another excuse to do nothing". PM May announced the decision t... [more]

Euro area visible trade surplus widens in March

Wed, 19 April 2017

(ShareCast News) - The euro area's visible trade surplus increased sharply in February, prompting a positive reaction from economists despite the sharp drop seen in the bloc's imports from the rest of... [more]

Drop in March euro area core CPI confirmed

Wed, 19 April 2017

(ShareCast News) - The cost of living in the euro area declined sharply last month as prices for unprocessed foods and energy came off the boil. The rate of advance in the Eurozone's consumer price in... [more]

US WTI futures edge higher despite rise in gasoline stocks

Wed, 19 April 2017

(ShareCast News) - US crude oil futures edged higher as traders waited for the release of the latest official US weekly inventory data, while digesting figures from the day before showing a smaller th... [more]

Credit Suisse still positive on European stocks, ups view on UK

Wed, 19 April 2017

(ShareCast News) - A mis-match between the performance of stocks from 'cyclical' geographical regions, such as Continental Europe, Emerging Markets and Japan versus cyclical sectors meant there was an... [more]

White House tax reforms delayed, not dead, BofA-ML says

Wed, 19 April 2017

(ShareCast News) - The White House's push on tax reforms will ultimately succeed, although it may be delayed, meaning interest rate markets were being overly pessimistic, strategists at Bank of Americ... [more]

EU car registrations jump in March, but still point to slowdown

Wed, 19 April 2017

(ShareCast News) - Car registrations in the European Union rebounded in March, led by rebounds in France and Germany, but analysts said they continued to point to a gradual slowdown. Total registratio... [more]

Trump signs order for firms to 'Buy American, Hire American'

Wed, 19 April 2017

(ShareCast News) - US President Donald Trump has signed an executive order which will lead to a review of a visa scheme for skilled foreign workers, encouraging US companies to "Buy American, Hire Ame... [more]

Commodities: Analyst chatter send iron ore diving, Citi expects rally in oil

Tue, 18 April 2017

(ShareCast News) - Commodities dropped as traders made their way back to the City following the Easter break, with analysts focused on the prospect for lower Chinese steel demand going forward. On tha... [more]