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Commodities

Capital Economics sees limited upside for FTSE 100 in 2017 (and next)

Capital Economics sees limited upside for FTSE 100 in 2017 (and next)

Fri, 23 June 2017

(ShareCast News) - The UK economy's performance will continue to exceed forecasts but multiple headwinds will just about brake any further gains in the FTSE 100 in 2017, analysts at one of the City's ... [more]

US oil rig count keeps climbing, Baker Hughes says

US oil rig count keeps climbing, Baker Hughes says

Fri, 23 June 2017

(ShareCast News) - The number of oil rigs in operation in the US continued to climb last week, increasing by 11 to 758, according to the results of the most widely-followed survey tracking them. Accor... [more]

FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore

FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore

Fri, 23 June 2017

(ShareCast News) - Sterling managed Friday gains on the US dollar thanks to UK monetary policy hawks coming to the fore in recent days, but was otherwise down against a raft of commodity currencies. A... [more]

Price pressures grow in US in June, PMIs show

Price pressures grow in US in June, PMIs show

Fri, 23 June 2017

(ShareCast News) - Private sector firms in the US continued to record a solid rate of expansion amid signs that economic growth might pick up again, the results of a widely-followed survey showed. IHS... [more]

US central bank should wait and see how economy plays out, Fed's Bullard says

US central bank should wait and see how economy plays out, Fed's Bullard says

Fri, 23 June 2017

(ShareCast News) - The president of the Federal Reserve bank of St.Louis joined those rate-setters who preferred to defer the next interest rate hike. In a speech delivered in Nashville, James Bullard... [more]

Commodities: Safe-haven gold likely to remain supported going forward

Fri, 23 June 2017

(ShareCast News) - Gold is front and centre on traders' charts with some picking the safe-haven asset will remain supported going forward thanks to a platter of political risk in both UK and Washingto... [more]

Citizens from EU countries will be able to stay reiterates May

Fri, 23 June 2017

(ShareCast News) - Prime Minister Theresa May defended her proposals regarding the future rights of EU citizens in the UK. At a news conference after an EU summit in Brussels, May reaffirmed that thos... [more]

Donald Tusk says UK rights proposal 'below expectations'

Fri, 23 June 2017

(ShareCast News) - European Council President Donald Tusk has said Theresa May's offer to protect EU citizens' rights post-Brexit is "below our expectations". Tusk also said that the offer risked wors... [more]

Sydney to erect barricades to prevent a likely vehicle attack

Fri, 23 June 2017

(ShareCast News) - Sydney police said on Friday they will deploy concrete barricades in the city to prevent the risk of a vehicle attack by extremists. Concrete barricades will be installed in promine... [more]

French GDP edges past forecasts in first quarter of 2017

Fri, 23 June 2017

(ShareCast News) - A sharp pick-up in gross capital formation helped to offset a slowdown in household spending in France at the start of the year. The result was a 0.5% rate of quarterly expansion ... [more]

Italian industrial orders slip in April

Fri, 23 June 2017

(ShareCast News) - Italian industrial orders slipped in April, with demand from abroad weakest. Total industrial orders in the euro area's third-largest economy fell by 1.0% month-on-month in April, a... [more]

IHS Markit euro area composite PMI weakens in June

Fri, 23 June 2017

(ShareCast News) - A key barometre of the euro area economy retreated, weighed down by weakness in services sector activity. IHS Markit's composite purchasing managers output index for the Eurozone re... [more]

Trump denies obstruction of justice, rejects tape claims

Fri, 23 June 2017

(ShareCast News) - Donald Trump has strongly denied allegations that he has obstructed the FBI investigation into links between his campaign and Russia, and also said he does not have tapes of his con... [more]

Saudis tell Qatar to shut down al-Jazeera as part of deal to end blockade

Fri, 23 June 2017

(ShareCast News) - Saudi Arabia and other Gulf states on Friday demanded the closure of broadcaster al-Jazeera, among other conditions, in return for the lifting of its trade and diplomatic sanctions.... [more]

FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels

Thu, 22 June 2017

(ShareCast News) - Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK. May's hopes... [more]

FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels

Thu, 22 June 2017

(ShareCast News) - Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK. May's hopes... [more]

London close: FTSE scrapes along as PM takes her Brexit show to Brussels

Thu, 22 June 2017

(ShareCast News) - The FTSE scraped along to a lower close as PM Theresa May looked took her Brexit and hung-parliament show to Brussels. May's hopes of boosting her bargaining power at the Brexit tab... [more]

Commodities: Crude gets a Thursday fillip higher, but downside risk remains

Thu, 22 June 2017

(ShareCast News) - Prices of crude oil got a Thursday fillip higher as investors took some note of recent falls in US inventories, but nonetheless remain mindful of the black liquid's potential for fu... [more]

US unemployment claims tick higher

Thu, 22 June 2017

(ShareCast News) - US jobless claims edged slightly higher last week. The number of people filing for unemployment insurance for the first time rose by 3,000 to 241,000 during the week ending on 17 ... [more]

Prudent to wait until December to hike again, Fed's Harker says

Thu, 22 June 2017

(ShareCast News) - In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its ... [more]

Trump state visit to UK will go ahead, Boris Johnson says

Thu, 22 June 2017

(ShareCast News) - Foreign secretary Boris Johnson has said Donald Trump's planned state visit to the UK will go ahead, despite its omission from the Queen's Speech on Wednesday. State visits to Brita... [more]

Trump floats idea of solar panels on Mexico border wall

Thu, 22 June 2017

(ShareCast News) - US President Donald Trump has suggested the construction of a border wall with neighbours Mexico could be partly financed by attaching solar panels to its structure. Speaking at a r... [more]

FX round-up: Sterling ahead as BoE's Haldane hawkish on UK rates

Wed, 21 June 2017

(ShareCast News) - Sterling put in an unfamiliar positive performance on most key crosses Wednesday thanks to a hawkish jawbone on UK interest rates by Bank of England chief economist Andy Haldane. He... [more]

London close: FTSE ends down after Queen's Speech, Haldane's rate-rise comments

Wed, 21 June 2017

(ShareCast News) - Shares in London were under pressure Thursday as sterling zipped ahead on news Bank of England chief economist Andy Haldane said he would likely vote for a rate rise later in 2017. ... [more]

US crude oil inventories fall for a second week

Wed, 21 June 2017

(ShareCast News) - Crude oil inventories in the States shrank for a second week in a row alongside a drop in gasoline stockpiles, official data showed. Commercial crude oil inventories dropped by 2.5m... [more]