06252016Sat
Last update: Sat, 25 Jun 2016 10am

Europe

Markets - Commodities - Europe

Coffee, sugar fall; London cocoa eases on stronger pound LONDON: Arabica coffee and raw sugar futures on ICE fell back on Tuesday from a rally to multi-month highs, while London cocoa eased in reaction to a stronger sterling currency.Arabica coffee futures dropped as concerns over risks of frost damage to coffee trees ebbed."It is not expected to be cold enough to cause any damage," said Carlos Mera, commodities analyst with Rabobank."It's probably profit taking," he added, referring to the fall in futures prices.Mera referred to expectations for light and scattered rains in Brazilian coffee areas during harvesting this week and next week.September arabica futures were down 2.15 cent, or 1.5 percent, at $1.3915 per lb at 1210 GMT, and were within sight of a 13-month high of $1.4685 touched on June 9.September robusta coffee was flat at $1,693 per tonne, and was not far from a 10-month peak of $1,748 touched on June 9."The underlying support in robusta is ...

Markets - Commodities - Europe

Gold slips 1.5pc ahead of Britain's vote on EU membership LONDON: Gold fell to a ten-day low on Tu.esday as global shares rose and fears that Britain could vote to leave the European Union in Thursday's referendum receded.Two opinion polls on Monday showed the "Remain" camp had recovered some ground in the referendum debate though a third poll found those wanting to leave were ahead by a whisker.Spot gold fell as much as 1.5 percent to a low of $1,269.51 an ounce and was down ...

Markets - Commodities - Europe

Corn prices dip as US crop outlook improves LONDON: Chicago corn futures fell to their lowest since June 3 on Tuesday as forecasts for rain boosted the U.S. production outlook following a spate of dry weather and the U.S. Department of Agriculture issued better than expected weekly crop ratings.U.S. soybean futures were mostly lower with a slight decline in crop conditions largely anticipated while wheat prices were little changed."The prediction of rain has gone some way to allaying fears of an overly dry ...

Markets - Commodities - Europe

Copper down on burgeoning Chinese exports; aluminium climbs LONDON: Copper fell on Tuesday after a surge of Chinese exports raised concerns about global oversupply while aluminium bucked the weaker trend, touching a fresh six-week peak amid reports of falling Chinese inventories.Chinese trade data showed copper exports in May surged by 256 percent on the year to 84,959 tonnes, overshadowing a 15.9 percent rise in imports."The export number may have weighed on copper prices because it's higher than expected. All these Chinese copper exports ...

Markets - Commodities - Europe

Gold slips ahead of Britain's vote on EU membership LONDON: Gold fell for a second session in a row on Tuesday as fears that Britain could vote to leave the European Union in Thursday's referendum receded.Two opinion polls on Monday showed the "Remain" camp had recovered some ground in the referendum debate though a third poll found those wanting to leave were ahead by a whisker.Spot gold fell 0.8 percent to $1,280.31 an ounce by 0946 GMT while US gold fell 0.7 percent to ...

Markets - Commodities - Europe

Swiss gold exports flow mainly to UK for third month  LONDON: The United Kingdom remained the main destination for Swiss gold exports for a third straight month in May, data from the Swiss customs bureau showed on Tuesday, as investment in bullion-backed funds based in Britain continued.That helped make Switzerland a net exporter of gold for the first time in six months, with exports net of imports of 4.121 tonnes, versus imports net of exports of 55.265 tonnes in April.The UK imported 69.473 tonnes of ...

Markets - Commodities - Europe

Copper gains as Brexit worries ease; nickel hits six-week peak LONDON: Copper and other base metals extended gains on Monday as concern that Britain might leave the European Union eased and nickel hit a six-week peak on concern about top supplier Philippines. The London Metal Exchange complex, also bolstered by a weaker dollar, joined shares and oil in sweeping higher after polls tilted away from a "Brexit" vote on Thursday. "The recent polls have given an impetus to the market. The FTSE (share index) is ...