05042016Wed
Last update: Wed, 04 May 2016 02pm

Europe

Markets - Commodities - Europe

Gold steadies, off early highs as equity jitters subside LONDON: Gold retreated from earlier highs on Wednesday as a rise in European share prices pointed to a retreat in the risk aversion that drove prices to one-year highs last week, though uncertainty over U.S. monetary policy kept the metal underpinned.Spot gold was at $1,203.63 an ounce at 1210 GMT, up 0.3 percent but off an earlier high of $1,212.20. U.S. gold futures for April delivery were down 0.3 percent at $1,205.10.Spot prices peaked at $1,260.60 an ounce last week after rallying $200 in less than a month, but have been unable to sustain those gains."It was unusual to see that intensity of that run-up higher," Mitsubishi precious metals analyst Jonathan Butler said. "Gold was pretty overbought on a short-term relative strength index basis.""Once we saw the slight uptick in the dollar over the last couple of days, and equity markets started to get a bit of a bid again, ...

Markets - Commodities - Europe

EU wheat eases as export worries persist PARIS: European wheat futures turned lower on Tuesday after touching their highest in more than a week as traders worried that recent gains could limit export sales needed to trim hefty stocks in western Europe.May milling wheat on Euronext was down 1.25 euros at 160.75 euros a tonne by 1702 GMT, after earlier reaching its highest since Feb. 5 at 163.50 euros. Front-month March, which has been influenced by adjustments linked to the expiry of ...

Markets - Commodities - Europe

Copper steady as China data supports, dollar weighs LONDON: Copper prices steadied on Tuesday, supported by some positive data from China, but doubts over demand in the top consumer and a stronger dollar gave the bears a slight edge. Benchmark copper on the London Metal Exchange ended little changed at $4,558 a tonne from $4,562 at Monday's close. News that Chinese banks armed with fresh lending quotas extended a record 2.51 trillion yuan ($385 billion) of new loans in January suggests that Beijing ...

Markets - Commodities - Europe

European vegoils-Palm oil down on slowing exports ROTTERDAM: Palm oil on the European vegetable oils market eased further on Tuesday on the back of slowing exports, pressuring Malaysian palm oil futures. Palm oil was mostly offered between $2.50 and $10 a tonne down from Monday after Malaysian palm oil futures closed between 20 ringgit per tonne down and three ringgit higher on slowing demand from top importers and weaker energy markets. At 1730 GMT CBOT soyoil futures were between 0.12 and 0.26 ...

Markets - Commodities - Europe

ICE sugar and coffee firm, NY cocoa eases on dollar LONDON: Sugar and coffee futures firmed on Tuesday, with raw sugar getting a boost from a larger than expected reduction in the net long position held by speculators.New York cocoa edged down, pressured by a stronger dollar, although it remained underpinned by dry weather in top grower Ivory Coast.U.S.-based contracts readjusted after the market closure on Monday for Presidents' Day.In sugar, dealers said loading of more than 200,000 tonnes in the United Arab Emirates against ...

Markets - Commodities - Europe

Gold steadies as US stocks open higher LONDON: Gold steadied on Tuesday as U.S. stocks opened higher, allaying earlier market jitters that had pressured European equities and boosted interest in the precious metal as a haven from risk.U.S. stocks, which were closed on Monday for the Presidents' Day holiday, opened higher as cautious investors looked for bargains. That depressed interest in gold as an alternative asset, pulling prices from an earlier high of $1,216.80.Spot gold was at $1,209.21 an ounce at 1502 ...

Markets - Commodities - Europe

Gold snaps two-day decline as equities retreat LONDON: Gold rose on Tuesday, snapping two days of losses and recovering from an early dive below $1,200 an ounce as stock markets swung lower, boosting interest in the metal as a haven from riskSpot gold was up 0.2 percent at $1,211.68 an ounce by 1045 GMT, having earlier fallen as low as $1,190.40. It shed 2.3 percent on Monday, its biggest one-day loss since mid-July.Prices reversed that move on Tuesday after European stocks shed ...