12042016Sun
Last update: Sun, 04 Dec 2016 09pm

Europe

Markets - Commodities - Europe

EU wheat mixed in technically driven trade PARIS: European wheat futures were narrowly mixed on Tuesday as Euronext saw more technically driven trade in the run-up to the expiry of December futures, while a slight fall in the euro and an easing in US prices failed to give clear direction. December milling wheat on Paris-based Euronext was up 0.50 euro at 168.75 euros a tonne by 1610 GMT, after earlier touching a new three-month high of 170.00 euros a tonne. Second-month March futures were 0.25 euro lower at 170.50 euros a tonne.The run-up in spot prices has eroded their discount to March futures and traders said the positions could reach parity due to an unusual market context. Spot futures have been supported by high cash premiums in France, which traders attribute to tight supply of higher-quality wheat after this year's poor French harvest, as well as adjustments in relation to CME Group's recently launched EU futures. CME's ...

Markets - Commodities - Europe

Copper climbs on inflation bets, tighter supply LONDON: Copper rallied 2 percent to a one week high on Tuesday, powered by signs of tighter supply and as investors betting on rising US inflation and a further depreciation of the yuan bought the metal as a hedge. World stocks climbed as investors stuck to the view that US President-elect Donald Trump's spending policies will spur growth and inflation, while oil prices hit their highest since October on hopes for output cuts. China's yuan ...

Markets - Commodities - Europe

Soybeans pause after near one-month high on brisk exports PARIS/SYDNEY: US soybeans turned slightly lower on Tuesday, easing from a near one-month high earlier in the session as harvest supplies capped an export-fuelled rally in the oilseed market.Corn edged down, falling from a near three-week high touched on Monday, while wheat eased from a one-week high in the previous session after official crop ratings for US winter wheat were in line with expectations.The most active soybean futures on the Chicago Board Of Trade earlier ...

Markets - Commodities - Europe

Gold gains for second day on dollar decline, bargain hunting LONDON: Gold rose on Tuesday, climbing further away from last week's 5-1/2-month lows on short-covering as the dollar weakened and physical buying in Asia supported prices.Donald Trump's US presidential election victory initially saw a flight to safe-haven assets such as gold but the run reversed as the dollar and bond yields surged on expectations of higher US spending and interest rates.Spot gold was up 0.2 percent at $1,216.60 an ounce by 1232 GMT, though analysts ...

Markets - Commodities - Europe

Russian wheat export prices rise, reflecting stronger global markets MOSCOW: Russian wheat export prices have risen for the ninth consecutive week, reflecting stronger global markets, analysts said on Monday. US wheat rose on Monday to hit an 11-day high as expectations for reduced plantings and fears of continued dry weather pushed the grain to its longest unbroken rally in three weeks.Black Sea prices for Russian wheat with 12.5 percent protein content for November supply were at $183 a tonne on a free-on-board (FOB) basis ...

Markets - Commodities - Europe

Gold bounces off 5-1/2-month low as dollar retreats LONDON: Gold rose on Monday, rebounding from 5-1/2 month lows as the dollar shed some of the hefty gains made the previous week on bets that US president-elect Donald Trump's plans for fiscal stimulus would prove inflationary.Those assumptions have driven Treasury yields higher, denting interest in non-yielding bullion while boosting the US currency. But as the dollar took a breather on Monday, gold clawed back some lost ground.Lower prices are also tempting some consumers of ...

Markets - Commodities - Europe

Copper leads rally in metals on better demand, dollar slips LONDON: Copper led metals higher on Monday on expectations of improving appetite from top consumer China and higher demand from the US market as the dollar pared recent gains. Benchmark copper on the London Metals Exchange was bid up at $5,550 per tonne after failing to trade in official rings.The metal used in construction and power last week recorded its first weekly fall in three when it dropped 2.3 percent.Chinese investors whose rush into copper ...