Archives of Europe
ICE cotton futures edge down on long liquidation, Texas rains
2013-06-19 21:18:12 GMT : (Markets - Commodities/Europe)
NEW YORK: ICE cotton closed down on Wednesday in its longest string of one-day losses in more than two weeks, as long liquidation continued and rains in Texas eased concerns over supplies in the United States, the world's top exporter.The benchmark December cotton contract on ICE Futures US settled down 0.72 cent, or 0.8 percent, at 86.60 cents per lb."We're in this summer weather market. ...
Gold hits 1-month low on Bernanke's reduced stimulus talk
2013-06-19 21:09:41 GMT : (Markets - Commodities/Europe)
NEW YORK/LONDON: Gold fell to a one-month low on Wednesday after the US Federal Reserve chairman said he expects to slow the pace of the central bank's bond purchases later this year and bring them to a halt around mid-2014.After trading higher most of the session, bullion prices tumbled after the Fed sharply lowered its forecast for inflation in a statement released at the end of its two-day ...
Oil, gold dip on Bernanke stimulus remarks, grains up
2013-06-19 20:56:49 GMT : (Markets - Commodities/Europe)
NEW YORK: Oil prices came under pressure on Wednesday while gold and copper fell after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures for the US economy later this year .Agricultural markets rose broadly. Wheat had its biggest rally since April on bargain buying and expectations the grain will be used as a livestock feed.The rally in far...
US oil prices dip despite inventories build
2013-06-19 20:39:22 GMT : (Markets - Commodities/Europe)
NEW YORK: Despite an unexpected build in US oil inventories, US oil prices Wednesday declined only modestly.Analysts said the small price decline showed the oil market's continued bullishness.US benchmark West Texas Intermediate for delivery in August dipped 20 cents to $98.24 a barrel.In London European benchmark Brent crude for August added 10 cents at $106.12.The US Department of Energy on ...
US spot gas rises for 2nd day on warm weather, rising futures
2013-06-18 21:48:26 GMT : (Markets - Commodities/Europe)
NEW YORK: US spot natural gas prices rose across the country for a second straight day on Tuesday, boosted by warm weather increasing air-conditioning demand in some regions as well as above-normal nuclear power plant outages.Traders also said cash gas was rising in tandem with a second straight day of gains in the gas futures market, where prices were lifted by forecasts for continued warm weathe...
Gold down more than 1 pct on Fed jitters, equities gain
2013-06-18 21:44:27 GMT : (Markets - Commodities/Europe)
NEW YORK/LONDON: Gold fell more than 1 percent on Tuesday as US equities rallied and bullion buyers took to the sidelines before the conclusion of a two-day Federal Reserve policy meeting they hope will give greater clarity on the outlook for US monetary policy.The metal fell for a second consecutive day - the first time in nearly a month - as its safe-haven appeal was reduced by the rise of US eq...
Oil gains moderately, trading sluggish ahead of Fed
2013-06-18 21:41:46 GMT : (Markets - Commodities/Europe)
NEW YORK: Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve's policy statement on Wednesday that is expected to show whether it will reduce its monetary stimulus.The program has been largely supportive of oil prices.Brent oil was off an 11-week high set in the previous session and US crude oil had dropped from a nine-month high.Until the ...
Cotton prices fall for 2nd session amid long liquidation
2013-06-18 21:24:57 GMT : (Markets - Commodities/Europe)
NEW YORK: Cotton futures posted a second session of losses on Tuesday as investors booked profits after last week's steep gains, pulling prices back from recent highs.The most-active December cotton contract on ICE Futures US fell 1.67 cents, or 1.9 percent, to settle at 87.32 cents, closing down for a second day.Front-month July futures dropped more steeply, settling down 2.45 cents, or 2.8 p...
Gold's slide below wedge formation points to lower targets
2013-06-18 21:18:19 GMT : (Markets - Commodities/Europe)
NEW YORK: Spot gold slipped on Tuesday to a near one-month low of $1,360.54 an ounce to put it below a wedge formation that indicates it could drop below $1,300 an ounce.With gold's fall stopping at $1,360 support, Stephanie Aymes, technical analyst at Societe Generale in London, said in her research note that she sees a month earlier low at $1,354 as a next downside goal.She then projects a l...
Gold prices retreat ahead of Fed meeting
2013-06-18 16:11:25 GMT : (Markets - Commodities/Europe)
LONDON: Gold fell on Tuesday as the dollar rose and traders took to the sidelines ahead of a Federal Reserve policy meeting they hope will give greater clarity on the outlook for US monetary policy.The dollar rose against a basket of currencies, and equity markets held within tight ranges as uncertainty over the future of the US monetary stimulus program kept investors on edge, helping push gold p...
Soymeal eases on favourable US crop weather
2013-06-17 23:38:58 GMT : (Markets - Commodities/Europe)
ROTTERDAM: Soymeal on the European meals and feeds market continued to fall on Monday in sympathy with CBOT soymeal futures on forecasts for beneficial planting and growing weather in the US soybean belt."Prices dropped further on good crop weather in the US but it did not create much business on the European cash market as most buyers were holding back waiting for the market to bottom out," one b...
Cocoa sinks for third day, ICE sugar inches up after rally
2013-06-17 23:36:14 GMT : (Markets - Commodities/Europe)
NEW YORK/LONDON: Cocoa futures fell on Monday, as technical selling resulted in the market's sharpest three-session drop in more than a year, while ICE sugar futures inched higher in heavy trading.Liffe robusta coffee steadied after recovering from its lowest price since October 2010 while arabica trading on ICE Futures US turned down a shade, recovering from last week's low, its lowest in...
Gold slips as US equities rise, FOMC in focus
2013-06-17 23:27:06 GMT : (Markets - Commodities/Europe)
NEW YORK/LONDON: Gold fell around 0.5 percent in quiet trade on Monday as a Wall Street rally reduced the need for safe-haven buying and investors awaited this week's US Federal Reserve meeting for signals on the central bank's monetary stimulus plan.Better-than-expected US retail sales and jobs data recently has fueled speculation that the Fed could announce a scaling back of its $85 bill...
Brent crude oil dips before US Fed meeting
2013-06-17 23:08:40 GMT : (Markets - Commodities/Europe)
NEW YORK: Brent crude oil futures touched a 10-week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in US gasoline futures.US crude oil hit a nine-month high near $99 a barrel but also reversed to settle lower, with investors cautious ahead of the start of the US Federal Reserve's two-day policy comm...
Metals, oil down ahead of Fed meeting; natgas jumps
2013-06-17 23:01:10 GMT : (Markets - Commodities/Europe)
NEW YORK: Copper closed a touch lower on Monday on concerns the United States may scale back its monetary stimulus program, and oil prices fell after initially rising on fears of a superpower standoff over Syria and possible disruptions to Middle East crude supplies.Gold joined the slide as a rally in Wall Street stocks pulled investors away from safe-haven assets.Investors focused mostly on the U...
C$ dips as data boosts greenback before Fed meeting
2013-06-17 22:57:55 GMT : (Markets - Commodities/Europe)
TORONTO: The Canadian dollar softened marginally against the US dollar on Monday with the greenback gathering strength on positive data, but much of the market was sidelined ahead of the two-day US Federal Reserve policy meeting that starts Tuesday.The US currency extended gains after figures showed growth in New York state's manufacturing sector picked up in June, and that sentiment among US ...
US cash crude differentials weaken as Brent/US arb narrows
2013-06-17 22:56:24 GMT : (Markets - Commodities/Europe)
NEW YORK: Cash crude differentials in the United States weakened on Monday as the transatlantic spread between Brent and US crude futures narrowed and crude futures gave up gains to settle lower.Trading remained thin ahead of the expiration of the front-month US July crude contract this week as traders continued to wind down their purchases of July barrels, brokers and traders said.Brent's pre...
ICE cotton futures sink on long liquidation, profit taking
2013-06-17 22:53:05 GMT : (Markets - Commodities/Europe)
NEW YORK: ICE cotton futures tumbled on Monday, as investors took profits after last week's steep gains when prices climbed almost to a one-year high touched in mid-March.The most-active December cotton contract on ICE Futures US closed down 0.45 cent, or 0.5 percent, at 88.99 cents, finishing down for the first time in four sessions.The third month contract reached 89.56 cents on Friday, its ...
Sugar traders brace for big ICE July delivery as surplus balloons
2013-06-14 22:26:24 GMT : (Markets - Commodities/Europe)
NEW YORK: US sugar traders expect one of the largest physical deliveries against the New York futures contract in recent years when the July benchmark expires in ten trading days, as the global market struggles with bulging stocks and sinking prices.Above-average open interest in July, representing outstanding contracts, and ballooning supplies amid a bumper crop from top producer Brazil indicate ...
ICE cotton sees big weekly gain on short-covering, investor buying
2013-06-14 22:21:56 GMT : (Markets - Commodities/Europe)
NEW YORK: Cotton futures were little changed during choppy, options-related dealings on Friday, though they posted steep weekly gains on short covering ahead of the July contract's expiration and a bullish US Department of Agriculture report.The most-active December cotton contract on ICE Futures US inched up 0.29 cent, or 0.3 percent, to 89.44 cents per lb, rallying to a 5 percent weekly gain...
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