07252016Mon
Last update: Mon, 25 Jul 2016 08pm

Asia

Markets - Commodities - Asia

TOCOM snaps four-day losing streak on softer yen, Nikkei jump TOKYO: Benchmark Tokyo rubber futures bounced back on Monday, snapping a four-day losing streak and recovering from a near five-month low hit last week, as a softer yen, higher Tokyo stock market and recovery in Shanghai futures prompted short-covering.The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery finished 3.1 yen, or 2.1 percent, higher at 150.3 yen ($1.47) per kg.The TOCOM futures, which set the tone for tyre rubber prices in Southeast Asia, touched 145.9 yen last Friday, the lowest since Feb. 12 amid worries over excess supply and weak demand in top consumer China."But the weaker yen and stronger Nikkei index led investors to unwind their short positions while a rebound in Shanghai futures also lent support," said Toshitaka Tazawa, analyst at Fujitomi Co.The yen fell by over 1 percent against the dollar on Monday as Japan's stocks jumped 4 percent, after the country's ruling coalition won a ...

Markets - Commodities - Asia

Palm oil edges higher but lower June export expectations cap gains NEW DELHI: Malaysian palm oil futures edged up on Monday after touching their lowest level in nine months earlier in the session but gains were capped as sentiment remained weak on expectations of lower exports in June.Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange were up 0.27 percent at 2,247 ringgit ($563.16) per tonne as of 0738 GMT, after falling to as much as 2,217 ringgit earlier in the day, ...

Markets - Commodities - Asia

Corn hits 10-day high, soybeans up for second day on weather concerns SINGAPORE: Chicago corn futures climbed to a 10-day high on Monday, while soybeans gained for a second session with prices underpinned by forecasts of hot and dry weather for the key US Midwest producing region.Wheat was little changed after rallying on Friday on the back of gains in corn and beans.The most-active corn contract on the Chicago Board Of Trade rose one percent to $3.66-1/4 a bushel by 0312 GMT, having hit a session high ...

Markets - Commodities - Asia

Gold firm on Brexit worries despite rally in equities  BENGALURU: Gold prices rose slightly on Monday, underpinned by uncertainty following Britain's Brexit vote even as equity markets rallied on the back of upbeat US jobs data.Spot gold, which hit a low of $1,335.68 an ounce in the wake of Friday's better-than-expected US jobs data, rose to $1,374.71 early Monday, just shy of a more than 2-year high of $1,374.91 touched on July 6. Gold was up 0.1 percent at $1,367.60 at 0406 GMT.US gold ...

Markets - Commodities - Asia

Palm oil snaps three sessions of gains KUALA LUMPUR: Malaysian palm oil futures fell nearly 2 percent on Tuesday and posted their first fall in four sessions, tracking losses in rival vegetable oils.Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange were down 1.9 percent at 2,355 ringgit ($590) per tonne.Palm oil hit a one-week high of 2,404 ringgit on Monday, as traders covered their short positions ahead of a two-day holiday for Eid celebrations on Wednesday and ...

Markets - Commodities - Asia

Copper eases for 2nd day on concerns over Chinese demand SINGAPORE: Copper slipped for a second consecutive session on Tuesday, with prices retreating from a two-month peak on concerns over Chinese demand in the second half of the year.Three-month copper on the London Metal Exchange gave up 0.7 percent to $4,858 a tonne by 0241 GMT and the most-traded copper contract on the Shanghai Futures Exchange lost 1 percent to 37,660 yuan a tonne.LME copper hit a two-month high in the previous session.Asian shares stepped ...

Markets - Commodities - Asia

Gold retreats from near 2-year high, correction seen short-term BENGALURU: Gold gave up most of its gains on Tuesday after soaring to a near two-year peak in the previous session, as the market pulled back with the yellow metal failing to break a key resistance level.Spot gold was down 0.6 percent at $1,346.60 an ounce as of 0430 GMT. Bullion touched a peak of $1,357.60 an ounce on Monday, less than $1 below a two-year high hit on June 24.US gold was up 0.6 ...