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EU wheat slips as US holiday curbs trade PARIS: Euronext wheat futures drifted lower on Thursday as a US holiday deprived the market of direction, curbing the previous session's export-fuelled rally. Front-month December milling wheat on the Paris-based Euronext market settled 0.75 euro, or 0.4 percent, lower at 177.00 euros a tonne, while March also edged down 0.75 euro to settle at 183.50 euros. Chicago futures, the benchmark for global grain markets, did not trade due to the Thanksgiving holiday and will reopen for a shortened session on Friday. "Today's price fall is only minor, there isn't much news and Chicago is closed," one futures dealer said. Euronext wheat had risen on Wednesday, supported by a sale of French wheat to Egypt and a fresh fall in the euro. Continued weakness in the euro on Thursday, which hovered near seven-month lows against the dollar, and a solid weekly volume of European Union soft wheat export licences at 553,000 ...

Zimbabwe's gold output to rise by 28pc next year HARARE: Zimbabwe's gold output is expected to rise by 28 percent to 24 tonnes in 2016 from 18.7 tonnes this year and the government will cut the royalty fee on bullion by 40 percent, the finance minister said in a budget statement on Thursday. Gold is the Southern African nation's second-largest mineral export after platinum but producers have been grappling with weak global prices and electricity shortages at home. Patrick Chinamasa attributed next year's gold ...

Algeria bought 75,000 T feed barley in tender PARIS: Algeria's state grains agency OAIC bought 75,000 tonnes of optional-origin feed barley in a tender earlier this week at around $189 per tonne, cost and freight included, European traders said. Shipment dates for the three cargoes of 25,000 tonnes were in the second half of December and in January. OAIC does not publish details of its grain tenders and results reported by traders are estimates. Copyright Reuters, 2015

Gold close to lowest in nearly six years on stronger dollar LONDON: Gold traded near its lowest in nearly six years on Thursday as the dollar held at multi-month highs after US economic data reinforced expectations of an interest rate rise this year. The US currency was also supported against the euro, weighing on dollar-denominated gold, as European Central Bank officials told Reuters they were considering options such as whether to stagger charges on banks hoarding cash or to buy more debt. The ECB meets next ...

EU clears 553,000 T weekly wheat export licences PARIS: The European Union granted export licences for 553,000 tonnes of soft wheat this week, taking the total since the beginning of the 2015/16 season, which started on July 1, to 8.7 million tonnes, French farm office FranceAgriMer said on Thursday. That compared to 12.0 million tonnes granted by the same time last season. The EU also granted licences to export 97,000 tonnes of barley this week, bringing the total this season to 4.6 million, ...

White sugar firms, robusta steady, US market shut LONDON: White sugar futures on ICE firmed and robusta coffee and cocoa were little changed in thin dealings on Thursday, with U.S. softs markets shut for the Thanksgiving holiday.U.S. softs markets will reopen in a shortened session on Friday.March white sugar was up $2.2, or 0.6 percent, at $405.00 per tonne at 1205 GMT."We shall have little to glean from today's action, limited to London whites, which have not gone down as much as New ...

Copper near two-week high as funds reverse bearish bets LONDON: Copper prices bounced to their highest in nearly two weeks as the dollar's uptrend faltered and funds started to reverse some of their bets on lower prices.Benchmark copper on the London Metal Exchange traded up 2.1 percent at $4,644 a tonne in official rings. The metal used in power and construction earlier hit $4,741, a high since Nov. 16.Dollar strength on expectations the Federal Reserve would raise US rates at its December meeting has ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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