07302016Sat
Last update: Sat, 30 Jul 2016 08pm

Asia

Markets - Commodities - Asia

Gold keeps losses as Asian stocks rally BENGALURU: Gold on Tuesday held near lows touched in the previous session as Asian stocks rallied and markets assessed whether the latest US jobs data has boosted the prospects for an interest rate hike by the US Federal Reserve.Spot gold was little changed at $1,354.45 per ounce by 0430 GMT. It fell 0.8 percent on Monday, its biggest decline in nearly two weeks, to close at $1,354.85.US gold was also little changed at $1,356.10 an ounce.Asian stocks hit a 2-1/2-month peak on Tuesday, a day after Wall Street shares rose to a record high on a combination of upbeat US data and expectations of more stimulus from global policymakers.Gold was coming under presure after strong non-farm payrolls data that had boosted some expectations for a US rate hike, said said Mark To, head of research at Hong Kong's Wing Fung Financial Group."In the near-term there should be some resistance for ...

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 ...

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 ...