12112016Sun
Last update: Sun, 11 Dec 2016 06pm

Europe

Markets - Commodities - Europe

Gold slides to nine-month low as dollar rallies on US data LONDON: Gold slid to a nine-month low on Wednesday as a buoyant dollar extended its rally on the back of strong US data that further cemented a case for increasing interest rates next month.Spot gold dropped 1.5 percent to $1,193.91 an ounce by 1406 GMT, its weakest since Feb. 16. US gold futures fell 1.5 percent to $1,192.80.US durable goods orders rebounded in October and jobless claims, though off a 43-year low, remained below a level consistent with a tightening labour market.The data sent the dollar index to a fresh 13-1/2 year high."The dollar rally has been taken to another level on the back of the US durable goods data, which was really stunning," said Naeem Aslam, chief market analyst at Think Markets UK.Gold has shed more than 10 percent from a peak hit in the aftermath of the US election two weeks ago, holding above key support around $1,200."It ...

Markets - Commodities - Europe

Raw sugar futures fall to two-month low as funds sell LONDON: Raw sugar futures fell to a two-month low on Tuesday on technically-driven fund selling as the market tested support around 20 cents a lb on the March contract. March raw sugar was off 0.35 cents, or 1.7 percent, at 20.00 cents a lb at 1524 GMT after dipping to a low of 19.94 cents, the weakest for the front month since Sept. 12. "The short term trend is lower and we expect further liquidation ...

Markets - Commodities - Europe

Raw sugar futures hit 2-month low as funds sell LONDON: Raw sugar futures fell to a two-month low on Tuesday as funds liquidated long positions, with the market's recent downtrend beginning to gather pace. March raws was off 0.36 cents, or 1.8 percent, at 19.99 cents a lb at 1440 GMT, after touching a low of 19.94 cents, the weakest for the first position since Sept. 12. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Gold slips as equities, dollar rise LONDON: Gold edged lower on Tuesday after US equities hit all-time highs on market expectations for higher growth and more spending from a Donald Trump presidency.Trump's victory in the Nov. 8 US election initially saw a flight to safe-haven assets such as gold but the trend reversed as the dollar and bond yields surged on expectations of higher US spending and interest rates.Spot gold was down 0.3 percent at $1,210.37 an ounce by 1517 GMT. ...

Markets - Commodities - Europe

EU wheat mixed in technically driven trade PARIS: European wheat futures were narrowly mixed on Tuesday as Euronext saw more technically driven trade in the run-up to the expiry of December futures, while a slight fall in the euro and an easing in US prices failed to give clear direction. December milling wheat on Paris-based Euronext was up 0.50 euro at 168.75 euros a tonne by 1610 GMT, after earlier touching a new three-month high of 170.00 euros a tonne. Second-month March ...

Markets - Commodities - Europe

Copper climbs on inflation bets, tighter supply LONDON: Copper rallied 2 percent to a one week high on Tuesday, powered by signs of tighter supply and as investors betting on rising US inflation and a further depreciation of the yuan bought the metal as a hedge. World stocks climbed as investors stuck to the view that US President-elect Donald Trump's spending policies will spur growth and inflation, while oil prices hit their highest since October on hopes for output cuts. China's yuan ...

Markets - Commodities - Europe

Soybeans pause after near one-month high on brisk exports PARIS/SYDNEY: US soybeans turned slightly lower on Tuesday, easing from a near one-month high earlier in the session as harvest supplies capped an export-fuelled rally in the oilseed market.Corn edged down, falling from a near three-week high touched on Monday, while wheat eased from a one-week high in the previous session after official crop ratings for US winter wheat were in line with expectations.The most active soybean futures on the Chicago Board Of Trade earlier ...