02142016Sun
Last update: Sun, 14 Feb 2016 08am

Europe

Markets - Commodities - Europe

Gold near 1 month low with December rate rise still on table LONDON: Gold held near a one-month low on Thursday as the dollar rose to a three-month high and the metal looked vulnerable to further losses after US Federal Reserve officials left the door open to a rate rise in December.Fed Chair Janet Yellen said on Wednesday that the United States was ready for higher interest rates if upcoming economic data justified them, pointing to a possible December rise. William Dudley, president of the New York Fed, said later on Wednesday that December "is a live possibility, but we'll see what the data shows". "Fed officials want to keep the December rate possibility open and the relation between gold prices and monetary policy expectations is very high," ABN Amro analyst Georgette Boele said. Spot gold was unchanged on the day at $1,106.96 an ounce by 1056 GMT, not far above the previous session's low of $1,106, its weakest since Oct. 2.Bullion, ...

Markets - Commodities - Europe

Wheat falls on US rain, corn eases on big crop forecast HAMBURG/SINGAPORE: Chicago wheat futures fell on Wednesday, giving up some of the previous session's gains as forecasts for rain across US grain belts and lack of export demand for US supplies weighed on prices.Corn eased as private forecasters raised their estimates for US production, while soybeans rose on bargain-buying and robust US exports.Chicago Board of Trade December wheat fell 0.8 percent to $5.12 a bushel by 1035 GMT after gaining 1.6 percent on Tuesday. January ...

Markets - Commodities - Europe

Gold steadies near 4-week low ahead of US data LONDON: Gold steadied near one-month lows on Wednesday as the previous day's slide tempted some price-sensitive buyers back to the market, but it remained under pressure from a rising dollar and talk of a near-term hike in U.S. interest rates.Prices dropped more than 1.4 percent on Tuesday, their biggest one-day fall in 3-1/2 months, to touch their lowest since early October at $1,114.10 an ounce.Spot gold was at $1,117.70 an ounce at 1040 GMT, little ...

Markets - Commodities - Europe

Copper gains on China demand hopes, supply cuts LONDON: Copper prices rose 1 percent on Wednesday, supported by bets that demand in top consumer China is set to improve thanks to government stimulus, and by news that mining giant Glencore will deepen cuts in its output of the metal.Glencore said it expects to cut 455,000 tonnes of copper output by the end of 2017. In September, it suspended copper output at two mines in Africa, removing 400,000 tonnes of cathode from the market.In ...

Markets - Commodities - Europe

Taiwan tenders to buy 92,000 tonnes wheat of US-origin HAMBURG: The Taiwan Flour Millers' Association has issued an international tender to purchase 92,000 tonnes of grade 1 milling wheat to be sourced from the United States, European traders said on Wednesday. The tender deadline is Nov. 10, they said. The wheat is sought in two consignments.One consignment of 39,650 tonnes is for shipment between Dec. 21 and Jan. 4 and the second of 52,350 tonnes for Jan. 7-21, they said. On Sept. 17, a ...

Markets - Commodities - Europe

Jordan tenders again to buy 100,000 T wheat HAMBURG: Jordan's state grain buyer has issued another international tender to purchase 100,000 tonnes of hard milling wheat which can be sourced from optional origins, European traders said on Wednesday. The tender closes on Nov. 12, they said. Copyright Reuters, 2015 ...

Markets - Commodities - Europe

Mauritius again extends deadline in 51,000 tonnes wheat flour tender HAMBURG: The state purchasing agency in Mauritius has again extended the deadline for offer submissions in an international tender to buy 51,000 tonnes of wheat flour this time to Nov. 10, European traders said on Tuesday.The deadline was originally Oct. 21 and had been extended once to Nov. 3. Shipment is sought between Jan. 1 to Dec. 31, 2016, in a series of consignments, they said.The Indian Ocean country traditionally buys the bulk of its ...