07022016Sat
Last update: Sat, 02 Jul 2016 01am

Europe

Markets - Commodities - Europe

Nickel hits near 8-month peak; zinc at 1-year high LONDON: Nickel hit the highest in nearly eight months on Friday on worries about possible mine closures in the Philippines while other metals got support from a weaker dollar and hopes for more stimulus in China. Speculators piled in as aluminium touched the strongest in nearly two months while zinc extended gains, touching another one-year peak, traders said. Three month nickel on the London Metal Exchange soared 5.6 percent to close at $9,970 a tonne, the strongest since early November 2015 and the biggest one-day gain since mid-February. "People are getting excited about the Phillipines," said analyst David Wilson at Citi in London. The new mining minister, a committed environmentalist, announced plans on Friday to review all mines operating in the country, the biggest supplier of nickel ore to China. LME aluminium ended 0.9 percent higher at $1,664.50, the strongest since May 3.Aluminium has been bolstered as industrial firms in ...

Markets - Commodities - Europe

Gold heads for fifth week of gains and silver jumps LONDON: Gold rose 1 percent on Friday and was heading for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union.Spot gold rose to a session high of $1,338 an ounce, and was 0.8 percent higher at $1,332.76 an ounce by 1155 GMT. The metal gained 8.8 percent in June, its biggest monthly rise since February.Gold's strength benefited ...

Markets - Commodities - Europe

Aluminium, nickel touch 2-month peak; zinc at 1-year high LONDON: Aluminium and nickel touched the highest in nearly two months on Friday on worries about supply shortages while the wider metals market got support from a weaker dollar and hopes for more stimulus in China. Three month aluminium on the London Metal Exchange climbed 0.3 percent to trade at $1,654 a tonne in official open outcry activity, the strongest since May 3. Aluminium has been bolstered as industrial firms in China increasingly buy it ...

Markets - Commodities - Europe

Corn, wheat stay weak after high USDA acreage estimates PARIS/SINGAPORE: Chicago corn and wheat lost more ground on Friday after higher than expected area estimates reinforced the prospect of more plentiful supplies in the year ahead.Wheat was holding near a six-month low touched on Thursday following the US Department of Agriculture's (USDA) acreage report, while corn was close to an 11-week low hit in the previous session.Soybeans ticked lower after rallying in the previous session when the market focused on a smaller than expected ...

Markets - Commodities - Europe

Gold heads for fifth week of gains, silver jumps to 22-month high LONDON: Gold rose 1 percent on Friday and was headed for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union.Spot gold rose to a session high of $1,338 an ounce, and was up 0.9 percent at $1,333.80 an ounce by 1015 GMT. The metal gained 8.8 percent in June, its biggest monthly rise since February.Gold's strength benefited ...

Markets - Commodities - Europe

Aluminium, nickel touch 2-month peak; zinc at 1-year high LONDON: Aluminium and nickel touched the highest in nearly two months on Friday on worries about supply shortages while the wider metals market got support from a weaker dollar and hopes for more stimulus in China. Three month aluminium on the London Metal Exchange had climbed 0.7 percent to $1,661 a tonne by 1021 GMT, the strongest since May 3.Aluminium has been bolstered as industrial firms in China increasingly buy it in liquid form, creating ...

Markets - Commodities - Europe

Raw sugar jumps before Brazil cane data, coffee firms LONDON: Raw sugar futures on ICE jumped 2 percent on technically driven buying on Friday before the release of Brazilian cane data expected to show several days of the crush lost due to rainfall in the first half of June.Arabica coffee edged up, supported by a soft dollar, while cocoa prices also rose.Sugar traders awaited data from Brazilian cane industry group Unica at 1300 GMT.Total sugarcane crushed in centre-south Brazil in the first half of ...