05012016Sun
Last update: Sun, 01 May 2016 11am

Europe

Markets - Commodities - Europe

Raw sugar steadies; London cocoa dips on sterling strength LONDON: Raw sugar on ICE steadied on Tuesday, with some dealers anticipating a record Brazilian cane crush for the first half of April, while London cocoa eased on a stronger pound.Coffee was little changed, with a focus on lower than usual yields as the robusta harvest began in Brazil.There was also little movement in raw sugar futures that were pressured by expectations for a brisk start to the cane crush in centre-south Brazil.A Platts survey of analysts forecast a crush of 29.4 million tonnes in the first half of April, up 126 percent year on year.One European analyst said the crush data from Brazilian industry group Unica is due at 1400 GMT on Wednesday and that the market is shifting attention to the crush in the second half of the month, with rains forecast for the next few days in centre-south Brazil."If we lose a few days to rains in ...

Markets - Commodities - Europe

Gold retreats ahead of Fed and BoJ policy meetings LONDON: Gold retreated on Tuesday as a rebound in assets viewed as higher risk, such as oil and stocks, diverted some attention from the metal, though prices remained hemmed into a narrow range ahead of a US Federal Reserve policy meeting. The Fed is expected to hold interest rates steady at the meeting starting on Tuesday, but traders will be watching for changes to its assessement of the US economy, which could point to more ...

Markets - Commodities - Europe

Copper slides as worries about China demand resurface LONDON: Copper prices fell on Tuesday in a sell-off fuelled by worries that expectations of stronger demand in top consumer China were overly optimistic, though a weaker dollar helped support prices. Benchmark copper on the London Metal Exchange was trading down 0.9 percent at $4,949 a tonne at 0943 GMT."Going back to January everybody was extremely bearish about China and they are way too optimistic now," Oxford Economics analyst Dan Smith said."We're going to see ...

Markets - Commodities - Europe

European feeds-Soymeal down sharply on CBOT technical selling ROTTERDAM: Soymeal on the European meals and feeds market dropped on Monday following Friday's sell-off in CBOT soymeal futures which was triggered by profit taking after recent gains on worries over rains in Argentine growing areas. "The European cash market fixed its prices on Friday's weak close in Chicago. The lower levels failed to attract many buyers because of the current volatility and uncertainty about where the market is heading to," one broker said. South ...

Markets - Commodities - Europe

Corn, soybeans, wheat extend losses after rally seen as overdone MANILA/PARIS: US corn and soybean futures fell on Monday, extending losses after hitting nine-month highs last week that market participants said may have been overdone amid ample supplies.Wheat was also lower after falling the most in more than three years on Friday as investors cashed in on recent gains."I think the market's upside momentum is over and I'm bearish on grains this week," said Kaname Gokon from the Okato Shoji brokerage in Tokyo, adding that ...

Markets - Commodities - Europe

Gold steadies as dollar lends support ahead of Fed meeting LONDON: Gold steadied on Monday as a retreat in the dollar helped to arrest the previous session's 1.3 percent slide, but moves were muted ahead of a Federal Reserve policy meeting this week.The Fed is not expected to raise interest rates at this week's meeting, but markets will be looking for the U.S. central bank's take on the global economy and its monetary policy outlook.Gold is highly sensitive to rising rates, which lift the opportunity ...

Markets - Commodities - Europe

Industrial metals slide, jury still out on China demand LONDON: Prices of industrial metals slid on Monday as the market adopted a more cautious attitude towards demand growth in top consumer China, but losses were limited by the weaker dollar.Benchmark copper on the London Metal Exchange was untraded in official rings, but bid down 0.8 percent at $4,990 a tonne. The metal, widely used in power and construction, touched $5,091 on Friday, its highest in more than 4 weeks."The jury is still out on ...