05252016Wed
Last update: Wed, 25 May 2016 08am

Europe

Markets - Commodities - Europe

Sugar falls, pressured by COT data, coffee steadies LONDON: Raw sugar on ICE fell on Monday, pressured by falling oil and metals prices and Commitments of Traders data showing a record net long position held by speculators, raising fears that the position may not extend much further.Coffee steadied, buoyed by a poor Brazilian robusta harvest.Speculators hiked a bullish stance in raw sugar on ICE Futures U.S. in the week to May 17, bringing their net long position to record levels for a third straight week, U.S. data showed on Friday.On track to break a four-year losing streak, raw sugar prices are up 11 percent since the end of 2015 on expectations of a global deficit - the first in six years - as output in Thailand and India dropped.Carlos Mera, senior commodity analyst with Rabobank, said the sugar market's attention was shifting to expectations of a good monsoon in India, the second biggest global producer.He referred to the ...

Markets - Commodities - Europe

Copper slips as US rate rises come into view LONDON: Copper prices fell on Monday towards the three-month lows hit last week as expectations that the U.S. Federal Reserve will raise interest rates in June reinforced worries about weak demand growth in top consumer China.Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,565 a tonne at 1345 GMT, having last week touched $4,540, its lowest since the middle of February.Higher U.S. rates could mean a stronger dollar, which has a ...

Markets - Commodities - Europe

Gold touches 3-1/2 week low on Fed rate expectations LONDON: Gold dipped to a 3-1/2 week low on Monday, as the dollar firmed and expectations rose that the US Federal Reserve will hike interest rates as early as June.Bullion has been under pressure since the Fed last week released the minutes of its April meeting, which showed officials believe the US economy could be ready for another interest rate increase next month.Higher interest rates increase the opportunity cost of holding non-yielding bullion.US interest rates ...

Markets - Commodities - Europe

Copper slides as US rate rises come into view LONDON: Copper prices slipped on Monday towards the three-month lows hit last week as expectations that the U.S. Federal Reserve will raise interest rates in June reinforced worries about weak demand growth in top consumer China.Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,565 a tonne at 0900 GMT, having last week touched $4,540, its lowest since the middle of February.Higher U.S. rates could mean a stronger dollar, which has a ...

Markets - Commodities - Europe

Russian wheat export prices down ahead of new crop MOSCOW: Russian wheat export prices fell last week ahead of the new crop, which is likely to arrive in July, and following a slide in global benchmarks, analysts said on Monday.Black Sea prices for Russian wheat from the old crop with 12.5 percent protein content were $191.5 per tonne on a free-on-board (FOB) basis at the end of last week, Russian agricultural consultancy IKAR said in a note.Prices for the new crop with supply in ...

Markets - Commodities - Europe

Soy slips back, wheat stays weak in broad commodity fall PARIS/SINGAPORE: Chicago soymeal futures edged lower on Monday as a retreat across commodities encouraged the oilseed market to consolidate after an 18-month high before the weekend due to concerns about rain losses in Argentina's soybean harvest.Soybean futures also eased as investors focused on a steady dollar and the possibility of a US interest rate rise, as well as oversupply in crude oil.Corn and wheat tracked the down move. Wheat was on course for a fourth ...

Markets - Commodities - Europe

Gold near three-week lows on Fed rate expectations LONDON: Gold dipped on Monday to a near three-week low on expectations the US Federal Reserve will hike interest rates as early as June.Bullion has been under pressure since the Fed last week released the minutes of its April meeting, which showed officials believe the US economy could be ready for another interest rate increase next month.Higher interest rates increase the opportunity cost of holding non-yielding bullion.Eric Rosengren, president of the Federal Reserve Bank of ...