09262016Mon
Last update: Mon, 26 Sep 2016 05pm

Australia

Markets - Commodities - Australia

London copper below 4-week high ahead of central bank calls MELBOURNE: London copper eased on Wednesday from four-week highs as the dollar rose ahead of key decisions by the Japanese and U.S. central banks, but expectations of a pick-up in demand from China underpinned prices.The Bank of Japan is expected on Wednesday to make negative interest rates the centrepiece of a new policy framework - widely seen as a desperate attempt to show it still has the means to fight chronic stagnation.The U.S. Federal Reserve is expected to leave its benchmark overnight interest rate unchanged following its two-day meeting on Wednesday.But as indicators improve from the world's top metals user, China, it appears more likely that January marked a floor for prices, Macquarie said in a report."The latest data points confirm that Chinese construction activity remains in a positive trend, while we are in a nascent global industrial production recovery," Macquarie said."We continue to increase our 12-month forward demand outlook ...

Markets - Commodities - Australia

London copper, nickel slip after holiday gains MELBOURNE: London copper and nickel dipped on Tuesday as the dollar edged higher, but encouraging economic signals from China offered some support to prices.A real estate boom and stronger than expected factory activity over summer has brightened the outlook for metals, with copper also finding support from earlier than expected consumer restocking."With summer coming to a close, copper demand conditions in China have improved markedly," JP Morgan said in a report."Orders for low voltage copper ...

Markets - Commodities - Australia

London copper falls, nickel jumps as China returns from holiday MELBOURNE: London copper dropped nearly 1 percent on Monday while London nickel jumped in volatile trade as Chinese markets returned from an extended autumn break.China returned to a spate of encouraging readings of its economy. Business confidence among entrepreneurs has picked up for the second quarter in a row in 2016, while average new home prices in China's 70 major cities rose 9.2 percent in August from a year earlier.Higher property prices in China are ...

Markets - Commodities - Australia

Soybeans fall nearly 1 percent ahead of USDA report SYDNEY: US soybeans fell nearly 1 percent on Monday as investors squared positions ahead of a widely watched US Department of Agriculture report.Corn fell for the first time in seven sessions, while wheat eased nearly 0.5 percent.The most active soybean futures on the Chicago Board of Trade had fallen 0.79 percent to $9.72-1/4 a bushel by 0207 GMT, near the session low of $9.70-3/4 a bushel. Soybeans firmed 0.36 percent on Friday.Driven by recent strong ...

Markets - Commodities - Australia

London copper hovers near 2-week high; China data in focus MELBOURNE: London copper was holding near its highest level in a fortnight on Thursday, as investors took heart from encouraging signals in China's economy and as a softer dollar lent support.China's imports unexpectedly rose in August for the first time in nearly two years, boosted by coal and other commodities, suggesting domestic demand may be picking up and putting the world's second-largest economy on a more balanced footing.Metals markets largely dismissed as seasonal news that ...

Markets - Commodities - Australia

London copper hits two week top as US data drags on dollar MELBOURNE: London copper rose to the highest in two weeks on Wednesday as a falling dollar spurred demand for commodities given fading prospects of a US interest rate hike in September.US service sector activity slowed to a 6-1/2-year low in August amid sharp drops in production and orders, pointing to slowing economic growth that further diminished prospects for an interest rate hike from the Federal Reserve this month.A weaker dollar makes commodities more affordable for ...

Markets - Commodities - Australia

London copper near two-month low; outlook sluggish MELBOURNE: London copper hovered near its weakest in two months on Monday as the dollar gained ground and as investors bet that more mine supply would drag on prices for the rest of the year.A long weekend in the United States for the Labor Day holiday was set to keep trading in check."We are cautious about the near-term price outlook for copper and aluminium ... in view of the pending U.S. Fed rate hikes, slower-than-expected ...