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Last update: Sun, 25 Sep 2016 08am

Australia

Markets - Commodities - Australia

London copper drifts on lack of demand drivers, softer dollar supports MELBOURNE: London copper held above one-week lows on Thursday after patchy U.S. factory growth in May dragged down the dollar, but traders said prices may consolidate at lower levels in the absence of fresh drivers of demand.U.S. manufacturing grew for a third straight month in May, but factories appeared to be taking in fewer deliveries from their suppliers, which could hamper production in the months ahead.Three-month copper on the London Metal Exchange edged down by 0.2 percent to $4,609 a tonne by 0140 GMT, after falling 1.1 percent in the previous session when prices touched the weakest since May 24 at $4,565.50 a tonne. A break of support at $4,540 a tonne, would open the way to prices seen last in February.Shanghai Futures Exchange copper slipped 0.3 percent to 35,330 yuan ($5,374) a tonne."Copper and aluminium prices failed to sustain their April gains despite the large boost to Chinese credit ...

Markets - Commodities - Australia

London copper set for biggest monthly drop since November as dollar climbs MELBOURNE: London copper fell on Tuesday, on track for a more than 7 percent decline in May, the biggest monthly drop since November, pressured by a resurgent dollar on increasing expectations of a U.S. interest rate hike.St. Louis Federal Reserve President James Bullard said on Monday that global markets appear to be "well-prepared" for a summer interest rate hike by the Fed, although he did not specify a date for the move.Bullard's comments echoed remarks ...

Markets - Commodities - Australia

Copper gains on bright US housing data, but dollar could drag MELBOURNE: London copper rose on Wednesday for the second straight session, buoyed by brightening economic signals in the United States that forced shorts to cover, and showing near-term resilience to a persistently strong dollar.The dollar on Wednesday stood near a two-month peak against a basket of major currencies after robust U.S. housing data supported the case for the Federal Reserve to raise interest rates in the near term.Still, prolonged dollar strength could erode an already ...

Markets - Commodities - Australia

London copper hits three month low as dollar rallies on US rate hike view MELBOURNE: London copper sank to its lowest since mid February on Wednesday as the dollar rallied after a stream of encouraging U.S. economic data supported the case for more rate rises this year.A U.S. Federal Reserve policymaker said on Tuesday that he will push for an interest rate hike in June or July and two others still see up to three rate increases this year, leaving the door open to a change in monetary policy ...

Markets - Commodities - Australia

London copper slips as dollar stays strong on US rate hike view MELBOURNE: London copper edged down on Wednesday as the dollar stood tall after a stream of encouraging U.S. figures supported the case for more rate rises this year.A U.S. Federal Reserve policymaker said on Tuesday that he will push for an interest rate hike in June or July and two others still see up to three rate increases this year, leaving the door open to a change in monetary policy relatively soon.The comments came as ...

Markets - Commodities - Australia

London copper hits 1-month high, buoyed by commodity gains MELBOURNE: London copper hit its highest in almost a month on Thursday, after strong gains in oil the session before stoked investor appetite for commodities, already supported by signs of a brightening picture for global growth."Positive gains on equity markets combined with stronger oil prices provided some support for base metal markets," ANZ said in a research note."Rising risk appetite should continue to support most commodity markets."World stock markets climbed to their highest in almost ...

Markets - Commodities - Australia

Recent iron ore, coal price gains not sustainable MELBOURNE: BHP Billiton does not expect recent rises in iron ore and coal prices to hold for more than a few months, as the uptick in prices would bring more supply to the market, its Australian chief said on Thursday. "I wish I could stand here and say this is going to be sustainable. I don't think it is going to be," BHP Billiton Minerals Australia president Mike Henry told the Melbourne Mining Club.Copyright Reuters, ...