Europe
Friday, 03 May 2013 02:34
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NEW YORK: Cotton futures rallied on Thursday, prompted by short-covering after a rout during the previous session that spurred buying and also supported by US government weekly export data seen as indication of solid demand, dealers said.The most-active July cotton contract on ICE Futures US gained 1.81 cents, or 2.2 percent, to settle at 85.68 cents per pound, after earlier surging more than 4 percent to as high as 86.98 cents per lb.It was the second-month contract's largest one-day gain since mid-March.The day's gains helped cotton recover some of the ground lost during the previous session when the contract posted its largest daily loss in almost a year.Mill buying came in on the price dips during Wednesday's broad commodities selloff."There was good business done yesterday on the break, so we had some short-covering today," said a US broker.US export sales for the week ending April 25 reached 314,400 running bales, ...
AMSTERDAM: US wheat fell 1 percent on Wednesday after hitting a one-month high in the previous session, as traders banked profits following an uncertain outlook for the winter crop, adding to pressure from a broad sell-off in commodities.Corn fell for the second straight session, despite continued concerns over potential yield losses from delayed plantings, while soybeans fell for the first time in five sessions.Chicago Board Of Trade July wheat, the most actively traded contract, fell ...
NEW YORK/LONDON: Gold edged lower on Tuesday in volume as investors strong US home prices and consumer confidence data kept investors cautious before policy meetings at the US Federal Reserve and the European Central Bank later this week.Bullion investors took profits after data showed US home prices rose in February at their fastest rate in almost seven years, and another report showed US consumer confidence rebounded in April.Despite those encouraging reports, data showing contraction in ...
NEW YORK: World oil prices fell more than 1 percent on Tuesday, posting their biggest daily decline in almost two weeks after US data showed Midwest business activity contracted in April and European data showed record unemployment.A survey showing a rebound in supply from OPEC producers in April further pressured prices a day after they had rallied up to $104. In mid-April, oil hit a nine-month low below $97, and Brent crude is still down ...
LONDON: Copper fell on Tuesday, on track for its steepest monthly loss in nearly a year, as concerns about the pace of global growth weighed on industrial metals, but falls were capped by hopes of more monetary easing.Benchmark three-month copper on the London Metal Exchange fell to $7,117.25 a tonne at 0828 GMT, down 0.5 percent from a close of $7,153.50 a tonne on Monday.Volumes were subdued as China's markets will remain closed until Thursday ...
TORONTO: Barrick Gold Corp said on Monday that it would issue some $3 billion in debt securities to pay down a revolving credit facility, repay principal on notes due in 2013, and for general corporate purposes.The world's largest gold miner will offer $650 million in 2.5 percent notes due 2018, $1.5 billion in 4.1 percent notes due in 2023, and $850 million in 5.75 percent notes due in 2043. The 2043 notes are guaranteed by ...
LONDON: Wheat prices in western Europe rose on Monday aided by weather concerns, as a drop in temperatures slowed crop development in the region, while in the US anticipated further wet weather delays to corn crop plantings triggered a rally."After Chicago opened prices surged here because of adverse weather conditions in the United States for wheat and corn," a French trader said.On the benchmark Paris futures market, new-crop November milling wheat in Paris gained 3.50 ...
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