Markets - Commodities
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TOKYO: Tokyo shares are likely to trade higher next week on a weaker yen, despite a rocky week which saw the Nikkei plunge on fears over weak China data, dealers said.The Nikkei 225 index had been making steady gains until Thursday when the benchmark index plummeted 7.3 percent after China published poor manufacturing data, stoking fears about the world's second-largest economy which is a major trade partner with Japan.That was followed by a turbulent Friday session with the index see-sawing in and out of negative territory for most of the day before ending 0.89 percent higher.In the week to May 24, the Nikkei lost 3.47 percent, or 525.67 points, to 14,612.45. The broader Topix index of all first-section shares fell 4.72 percent, or 59.16 points, to 1,194.08.Nervous investors locked in profits after the Tokyo bourse rocketed in recent months as the yen weakened, giving a boost to Japan's exporters whose ...
LONDON: Copper was little changed on Friday as investors weighed the potential impact on metals demand of Thursday's data providing a more upbeat US jobs picture but also showing slower industrial activity in top metals consumer China.Benchmark copper on the London Metal Exchange traded at $7,288.50 a tonne by 0958 GMT, up 0.16 percent from its close on Thursday, when it reached a one-week low of $7,215.China's factory activity shrank for the first time in ...
SINGAPORE: London copper futures edged higher on Friday after falling the most in three weeks the session before on signs that growth had stalled in top consumer China.But gains after Thursday's more than 3-percent slide were limited, with most investors wary of buying back the metal after data showed China's manufacturing activity shrank for the first time in seven months, dashing hopes of a recovery in demand.Three-month copper on the London Metal Exchange had risen ...
SYDNEY: US soybeans rose for a seventh straight session on Friday as the oilseed closed in on its biggest two-week gain in nearly nine months as tight old-crop stocks and continued strong demand underpinned gains.Corn edged lower for the first time in three sessions, while wheat held steady after surging more than 2 percent in the previous session.Chicago Board of Trade July soybeans rose 0.33 percent to $15.04-1/2 a bushel, having closed up 0.35 percent ...
CHICAGO: US soybean prices rose for a sixth consecutive session on Thursday and struck an eight-month high as the dwindling cash supply left from the drought-plagued 2012 harvest sparked commercial buying in futures.Chicago Board of Trade wheat futures leaped more than 2 percent, advancing for the second day in a row, with a falling dollar and technical buying boosting prices, traders said.Corn also firmed on thin US old-crop supplies and spillover support from soybeans.All three ...
NEW YORK: Cotton futures fell to the lowest level since late January on Thursday, on technically-driven selling, worries over a potential slowdown in top consumer China, and easing supply concerns in the United States, the world's top exporter.The most-active July cotton contract on ICE Futures US fell 1.64 cents, or 2 percent, to settle at 81.78 cents per pound.Earlier, the contract dropped as low as 81.52 cents a lb after breaching key technical support and ...
NEW YORK: Gold rose sharply on Thursday as investors sought its safe-haven status after the dollar and equity markets were hit by a slew of weak manufacturing data that indicated stagnant global economic growth.Stock markets around the world fell, extending the previous day's sharp losses, on concerns about global economic growth and the timing of the ending of the US Federal Reserve's stimulus program."The combination of the weaker dollar and the drop in equities markets ...More Articles...
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