22 Sep 2018 | 3:57 AM
Research Report

Commodity Research Report: Weekly Report - Metals & Energy

Weekly Report ( Metals & Energy) Dec 28 2015- Jan 01, 2016
28 Dec 2015 | 04:36 PM

  • U.S GDP grew at a 2.0 percent annual pace, instead of the 2.1 percent rate reported last month, the Commerce Department said in its third estimate.
  • U.S house prices rose in October, up 0.5% on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency monthly House Price Index (HPI).  The previously reported 0.8% increase in September was revised downward to reflect a 0.7% increase.
  • U.S existing-home sales fell 10.5% last month to a seasonally adjusted annualized rate of 4.76 million, the National Association of Realtors said, well below the 5.32 million economists expected. The double-digit decline was the sharpest since July 2010.
  • US economy activity declined in November amid inflationary pressures. The Chicago Fed National Activity Index was -0.30 in November, down from -0.17 in October.
  • Orders for durable goods were nearly unchanged in November after a 2.9 percent increase in October, the Commerce Department said. The impact of a strong dollar and struggling global economy weighed on U.S. manufacturers.
  • Personal income rose more than expected in November while spending rose by the most in three months. The latest report on personal income and spending showed income and spending from consumers rose 0.3% in November.
  • U.K. GDP's quarter-on-quarter growth by volume for the third quarter of 2015 was revised downwards to 0.4 percent, 0.1 percent lower than the previous estimate announced last month.
  • Euro zone consumer confidence rose ahead of expectations in December. A flash estimate showed consumer morale in the 19 countries sharing the euro rose to -5.7, ahead of the -5.85 expected.