12042016Sun
Last update: Sun, 04 Dec 2016 02am

Europe

Markets - Commodities - Europe

Gold firm on lower dollar, eyes on US rate hike signals LONDON: Gold rose on Monday as the dollar edged lower after sluggish US retail sales data lowered expectations of a US interest rate increase this year.Data on Friday showed US retail sales were unexpectedly flat in July, signalling a moderation in consumer spending.Spot gold was up 0.3 percent at $1,339.87 an ounce by 1138 GMT. The metal rose as much as 1.3 percent after the data on Friday, before giving up gains.US gold was up 0.1 percent at $1,345.10 an ounce.Spot gold remained within reach of a more than two-year high of $1,374.91 hit last month as investors sought refuge from volatility across financial markets following Britain's vote to leave the European Union."We have Fed minutes coming out in the middle of the week, which is likely to tell us what the Fed's thinking is going into the second half of the year, when it probably going to come under ...

Markets - Commodities - Europe

Copper hovers near one-month low, China prospects weigh LONDON: Copper prices hovered just above one-month lows on Monday as slowing economic activity in top consumer China highlighted weak demand growth prospects, while a softer dollar provided some support. Benchmark copper on the London Metal Exchange was little changed at $4,759 a tonne at 0935 GMT, from $4,761 on Friday when the metal used in power and construction hit $4,750.50 a tonne, its lowest since July 12.The sell-off last week was triggered by a ...

Markets - Commodities - Europe

EU wheat steady as harvest worries persist, USDA report looms PARIS: Euronext wheat futures rose slightly on Thursday, supported by the risk of further weather damage to the harvest in European Union countries. Prices were recovering from a near two-week low this week, with traders looking ahead to monthly crop forecasts from the US Department of Agriculture on Friday for clearer direction. Front-month September milling wheat on the Paris-based Euronext exchange unofficially closed up 1.25 euro or 0.8 percent at 168.00 euros a tonne. The ...

Markets - Commodities - Europe

European vegoils-Palm oil prices ease, remain up on week LONDON: Palm oil prices were lower on Europe on Thursday, losing some ground after a strong advance earlier in the week, as other vegetable oil markets also weakened. Crude palm oil offers were cut by $5 to $15 a tonne but remained around $25 to $40 above asking prices at the end of last week. Prices for palm oil products also fell with RBD palm olein offers cut by $2.50 to $10 with Jan/Mar shipment ...

Markets - Commodities - Europe

Nickel, tin retreat from highs as speculators book profits LONDON: Nickel, zinc and tin fell on Thursday, retreating from fresh peaks hit in the previous session as speculators booked profits from strong rallies so far this year. All three metals on the London Metal Exchange rallied on Wednesday to their highest since 2015 as a weaker dollar and a greater risk appetite spurred buying in the metals that have the brightest fundamental outlooks for this year. "It's a relatively quiet day in terms of ...

Markets - Commodities - Europe

Sugar rises after sell-off, coffee eases on firm dollar LONDON: Raw sugar futures rose on Thursday in a technical correction after a sell-off in the prior session, while coffee and New York cocoa came under pressure from a stronger dollar.A brisk cane crush in centre-south Brazil limited the upside in raw sugar futures."I am expecting the crush to continue at a very good pace," Carlos Mera, a senior commodity analyst with Rabobank, said.ICE October raw sugar was up 0.19 cent, or 1 percent, at ...

Markets - Commodities - Europe

Gold climbs back above $1,350 as dollar surrenders gains LONDON: Gold edged back above $1,350 an ounce on Thursday as the dollar gave up earlier gains against a currency basket, with uncertainty over the outlook for US monetary policy continuing to underpin the metal.Palladium slid, however, after surging more than 4 percent in the previous session in a rally triggered by a wave of short-covering after recent hefty gains. The metal is testing support at the $700 an ounce level.Spot gold was up 0.3 ...