02142016Sun
Last update: Sun, 14 Feb 2016 03pm

Europe

Markets - Commodities - Europe

Copper rises on lower dollar, gains capped by gloomy outlook LONDON: Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China curbed gains.Benchmark copper on the London Metal Exchange ended up 0.1 percent to $4,447.5 a tonne in official rings. The metal used widely in the power and construction industries hit a two-week low of $4,430 on Wednesday.The FTSEurofirst 300 share index plunged to its lowest level in 2-1/2 years, hit by a renewed slump in banks and miners.Comments from the U.S. Federal Reserve's chairwoman, Janet Yellen, that tighter credit markets, volatile financial markets and uncertainty over Chinese economic growth have raised risks for the U.S. economy also undermined confidence."In the short term, the weaker dollar is helping copper," VTB Capital analyst Wiktor Bielski."But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks the Fed ...

Markets - Commodities - Europe

EU wheat rebound stalls on euro rally PARIS: Euronext wheat futures closed slightly lower on Thursday as fresh gains for the euro clouded the export outlook and curbed a rebound from contract lows.March milling wheat, the most active contract on Euronext, settled 0.50 euro lower at 153.25 euros a tonne.Dealers said spread trading lent some support to the front-month contract, which outperformed subsequent delivery months that lost as much as 1 euro."The March contract is being supported by the narrowing of the ...

Markets - Commodities - Europe

Gold jumps 2.6pc on US interest rate outlook LONDON: Gold climbed to its highest in almost nine months on Thursday as the dollar, US Treasury yields and equity markets dipped on bets that the Federal Reserve could find it hard to raise US interest rates this year. The Fed is unlikely to reverse its plan to increase rates further this year, but tighter credit markets, volatile financial markets and uncertainty over Chinese economic growth will only allow gradual adjustments to monetary policy, Federal ...

Markets - Commodities - Europe

UK wheat exports gather pace in December LONDON: UK wheat exports gathered pace in December with Spain and Algeria the largest buyers, customs figures showed on Thursday.Britain exported 250,781 tonnes of wheat in December, up from 200,859 tonnes in November and the highest monthly total since the 2015/16 season began last July. Top customers included Spain (110,756 tonnes), Algeria (49,250 tonnes), the Netherlands (29,557 tonnes) and Tunisia (26,250 tonnes). Copyright Reuters, 2016 ...

Markets - Commodities - Europe

EU wheat hits new contract low, then recovers on euro weakness  HAMBURG: European wheat futures hit a new contract low on Wednesday but then rebounded to break a run of 10 consecutive sessions of falls, underpinned by an export-boosting drop in the euro and strong support on price charts.March milling wheat, the benchmark on the Paris Euronext market, was up 2.0 euros or 1.3 percent at 153.00 euros a tonne at 1655 GMT.Earlier on Wednesday, the contract had fallen to 149.00 euros, a new contract low ...

Markets - Commodities - Europe

Copper hits 2-week low as dollar firms on Yellen; nickel slides LONDON: Copper slid to a two-week low on Wednesday, pressured by a stronger dollar as Federal Reserve Chair Janet Yellen pointed to the prospect for further gradual adjustments to monetary policy.Also weighing on the market were worries about the euro zone banking sector, which have rekindled fears over the state of the global economy this week.Big European bank stocks have been sold off more brutally than at the start of the financial crisis in 2008, ...

Markets - Commodities - Europe

Tunisia buys 75,000 T wheat, 75,000 T feed barley in tender HAMBURG: Tunisia's state grains agency purchased some 75,000 tonnes of milling wheat and around 75,000 tonnes of feed barley all to be sourced from optional origins in a tender which closed on Wednesday, European traders said. The milling wheat was sought for shipment between May and June and the barley for shipment between March and May, depending on origin. The wheat was bought in three 25,000 tonne consignments at $178.91 a tonne c&f, $179.41 a ...