Europe
Friday, 17 May 2013 19:19
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LONDON: Copper rose for a second day on Friday, supported by tentative signs of better metals demand in top consumer China, but gains were capped by a stronger dollar and persistent worries about Chinese economic growth.Data on Friday showed that copper in warehouses registered by the Shanghai Futures Exchange fell by 4,713 tonnes or 2.4 percent over the past week, bringing the total decline since the start of April to nearly a quarter.There have also been other signs of demand by Chinese industry recently."We have anecdotal evidence that stocks at bonded warehouses in China are declining and spot premiums in China are up, so those are also positive trends," said analyst Andrey Kryuchenkov at VTB Capital in London. "LME copper will trade on expectations on what is going to happen in China."Three-month copper on the London Metal Exchange climbed 0.66 percent to $7,328 a tonne at 0410 GMT, after opening ...
LONDON: Copper rose on Thursday, rebounding from earlier falls, as the dollar weakened against the euro and a basket of currencies, but further gains for the metal were capped by concern about lacklustre demand from top consumer China.Three-month copper on the London Metal Exchange closed at $7,280 a tonne, up from $7,198 on Wednesday.It is on track for a 2 percent fall this week and a fall of 9 percent so far this year.Further weakness ...
PARIS: European wheat futures extended losses in late Thursday trading after a fall in Chicago, but operators remained hesitant about prospects for this summer's northern hemisphere harvests.November milling wheat on the Paris futures market closed down 1.50 euros or 0.71 percent at 208.75 euros a tonne.The November contract on London's feed wheat futures fell below 180 pounds per tonne for the first time since May 2."The market is treading water," a French cash broker said. ...
LONDON: Gold dropped for the sixth consecutive session on Thursday, hitting its lowest level in four weeks, on a stronger dollar and battered investor sentiment.Rallying stocks have also hurt bullion's appeal as an alternative investment this year, leading funds to generally liquidate their gold positions.Gold fell as much as 1.6 percent to a low of $1,369.29 an ounce in earlier trade. It pared some losses but remained down 1.2 percent at $1,375.46 at 1118 GMT.US ...
PARIS/SINGAPORE: Chicago grain and soybean futures edged higher on Thursday in subdued trading as the market awaited fresh direction from weekly export figures and crop weather forecasts.Prices were steadying after losses in the previous session fuelled by a combination of a strong dollar, improved planting weather for US corn and signs of sluggish demand.Chicago Board of Trade July corn added 0.1 percent to $6.51-1/2 a bushel by 1200 GMT. July wheat rose 0.5 percent to ...
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