This morning in metals news, miner Glencore released its 2019 production results, the coronavirus fallout continues and U.S. Steel is planning to temporarily close its Gary Works No. 4 blast furnace in April. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
Category: Macroeconomics
This Morning in Metals: U.S. real GDP rises 2.1% in Q4 2019
This morning in metals news, the Bureau of Economic Analysis (BEA) released U.S. real GDP growth figures for Q4 2019, Moody’s says the coronavirus will impact spending in China and Nucor Corporation reported its Q4 2019 and full-year 2019 financial results. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
IMF revises global growth projections downward for 2019-2021
Despite noting some positive developments, the International Monetary Fund (IMF), downgraded its growth projections for 2019-2021, citing a number of pressures ranging from climate change to geopolitical tensions to extant trade tensions. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In its January 2020 World Economic […]
India faces headwinds as economic growth slows around the world
Pragmatically, you could hope Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) focus on Hindu nationalism is more a smokescreen to deflect attention from a deteriorating economy than it is the start of India’s spiral to increasing polarization and fragmentation of its multicultural democracy. The economy has certainly been on a slide for much […]
People’s Bank of China eases bank reserve requirements to support the economy
2020 will — economically, anyway — be shaped in no small part by what happens in China. The world’s second-largest economy has been on a slide in terms of GDP growth for years now. The 18-month trade war with the U.S. has contributed to that decline and has been the cause of considerable investor anxiety.
U.S. housing starts surge 13.6% year over year in November
November proved to be a strong month for housing starts in the U.S.
U.S. industrial production bounces back, rises 1.1% in November
Industrial production in the U.S. moved in a positive direction in November, aided in part by the end of the nationwide strike at General Motors that spanned over September-October. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the U.S. Federal Reserve’s monthly industrial production […]
2020 should continue to see global growth — maybe even a recovery
Despite a somewhat chaotic year, with markets buffeted by trade wars and geopolitical risks, the global economy has continued to expand (albeit at a slower pace than previously). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The market’s reaction to media coverage of trade wars has […]
Long-term negative correlation between the dollar, gold prices takes a break
Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Over the longer term, […]
U.S. housing activity surges in October, starts jump 3.8%
Despite the plunge in temperatures, housing activity around the country heated up in October. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Housing starts rise in October According to the U.S. Census Bureau and the Department of Housing and Urban Development, privately owned […]