12032016Sat
Last update: Sat, 03 Dec 2016 12am

Europe

Markets - Commodities - Europe

Japan bought 20,300 T wheat feed wheat in tender HAMBURG: Japan's agriculture ministry purchased about 20,300 tonnes of feed wheat in a tender which closed on Tuesday, European traders said on Wednesday. It was from optional-origins for arrival in December, they said. This was the second round of direct tenders after Japan halted its previous simultaneous buy and sell (SBS) system used for imports of feed wheat and some food wheat in October to improve transparency.Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Copper retreats as post-US election rally falters LONDON: Copper fell on Wednesday, snapping two days of gains on concerns that the recent price rally sparked by US president-elect Donald Trump's stated commitment to higher infrastructure spending had become overstretched.The metal, widely used in construction, leapt to its highest since June 2015 after the US election and is up 15 percent this month, its strongest monthly gain since 2009.However, it failed to sustain a push above $6,000 a tonne. Three-month copper on the ...

Markets - Commodities - Europe

Green Pool lowers 2016/17 global sugar deficit forecast LONDON: The global sugar market faces a deficit in the 2016/17 season of 5.28 million tonnes, Green Pool Commodity Specialists said on Wednesday, smaller than the 5.80 million tonne shortfall they forecast in September.Green Pool said the revision was driven largely by a lower estimate for consumption due to high global prices. "Sugar prices have pushed to their highest since 2012, undoubtedly doing some damage to the consumption side of the sugar equation," Green Pool ...

Markets - Commodities - Europe

Gold slides to nine-month low as dollar rallies on US data LONDON: Gold slid to a nine-month low on Wednesday as a buoyant dollar extended its rally on the back of strong US data that further cemented a case for increasing interest rates next month.Spot gold dropped 1.5 percent to $1,193.91 an ounce by 1406 GMT, its weakest since Feb. 16. US gold futures fell 1.5 percent to $1,192.80.US durable goods orders rebounded in October and jobless claims, though off a 43-year low, remained below a ...

Markets - Commodities - Europe

Raw sugar futures fall to two-month low as funds sell LONDON: Raw sugar futures fell to a two-month low on Tuesday on technically-driven fund selling as the market tested support around 20 cents a lb on the March contract. March raw sugar was off 0.35 cents, or 1.7 percent, at 20.00 cents a lb at 1524 GMT after dipping to a low of 19.94 cents, the weakest for the front month since Sept. 12. "The short term trend is lower and we expect further liquidation ...

Markets - Commodities - Europe

Raw sugar futures hit 2-month low as funds sell LONDON: Raw sugar futures fell to a two-month low on Tuesday as funds liquidated long positions, with the market's recent downtrend beginning to gather pace. March raws was off 0.36 cents, or 1.8 percent, at 19.99 cents a lb at 1440 GMT, after touching a low of 19.94 cents, the weakest for the first position since Sept. 12. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Gold slips as equities, dollar rise LONDON: Gold edged lower on Tuesday after US equities hit all-time highs on market expectations for higher growth and more spending from a Donald Trump presidency.Trump's victory in the Nov. 8 US election initially saw a flight to safe-haven assets such as gold but the trend reversed as the dollar and bond yields surged on expectations of higher US spending and interest rates.Spot gold was down 0.3 percent at $1,210.37 an ounce by 1517 GMT. ...