02102016Wed
Last update: Wed, 10 Feb 2016 08pm

Europe

Markets - Commodities - Europe

Copper hits two-week low as growth fears hit sentiment LONDON: Copper prices tumbled to two-week lows on Tuesday as the rout in equities undermined growth sentiment, though volumes were subdued by a holiday in China and a market waiting for clues on demand prospects in the country.Benchmark copper ended 2.2 percent down at $4,508 a tonne. The metal used widely in power and construction earlier hit a session low of $4,467.Traders said falling equity prices were being viewed as a sign of problems for the global economy. They also said the sell-off accelerated after the New York market opened.Overall world stocks were down 1 percent. Asia recorded the biggest losses, tracking declines in European and U.S. shares on Monday.China, which accounts for nearly half of global copper consumption estimated at 22 million tonnes this year, started its week-long Lunar New Year holiday on Monday."We'll have to wait and see what happens when it comes back (after the holiday)," said ...

Markets - Commodities - Europe

EU wheat prices continue to slide as euro adds to the gloom PARIS: European wheat futures fell again on Tuesday to hit contract lows as a rally in the euro and the U.S. government's forecast for increased global stocks exacerbated bearish sentiment.March milling wheat on Euronext settled 2.25 euros lower at 151 euros a tonne to mark a tenth straight daily fall.In closing trade it touched a contract low of 150.75 euros, also the lowest for a benchmark contract since September 2014, but held above the psychological ...

Markets - Commodities - Europe

Gold stalls after rallying to seven-month high LONDON: Gold steadied on Tuesday, after touching its highest level in more than seven months the previous day as rising concerns about the global economic outlook hammered shares and sent investors rushing into safer assets. While those concerns persisted, European shares stabilised and gold saw some profit taking after failing to push through key resistance at $1,200 an ounce. Spot gold was trading at $1,187.6 an ounce, down 0.3 percent, by 0925 GMT, after rising ...

Markets - Commodities - Europe

Copper falls alongside equities on growth fears LONDON: Copper prices slid on Tuesday as the rout in equities undermined growth sentiment, though volumes were subdued by a holiday in China and a market waiting for clues on demand prospects in the country. Benchmark copper was down 1 percent at $4,563 a tonne by 1028 GMT. Traders expect prices of the metal used in power and construction to find support around $4,560, near the 55-day moving average.Traders said that falling equity prices were ...

Markets - Commodities - Europe

Tunisia tenders to buy soft wheat and barley HAMBURG: Tunisia's state grains agency has issued an international tender to purchase 67,000 tonnes of soft milling wheat and 75,000 tonnes of feed barley, European traders said on Tuesday. The tender closes on Wednesday, Feb. 10, they said. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Gold price surges to highest level since June as share prices slide LONDON: The price of gold jumped more than 2 percent on Monday to touch its highest level since June, extending last week's sharp gains, as sliding stock markets and worries over global economic growth prompted investors to seek safety in hard assets.Spot gold reached a peak of $1,198.70 an ounce, its strongest since June 22, after breaking key resistance at its October high at $1,190.63. By 1515 GMT it was up 2 percent at $1,196.9 ...

Markets - Commodities - Europe

Sales of gold coins surge in Europe in January LONDON: Sales of gold coins surged in Europe last month as concerns over the outlook for the global economy fuelled interest in the metal as a haven from risk, and as prices rebounded after a 10 percent drop last year.The Austrian Mint, one of Europe's largest in terms of coin sales, said it sold 94,000 ounces of gold coins in January, up 40 percent from 67,100 ounces in January last year.Britain's Royal Mint said sales ...