06282016Tue
Last update: Tue, 28 Jun 2016 03am

Europe

Markets - Commodities - Europe

Copper gains as Brexit worries ease; nickel hits six-week peak LONDON: Copper and other base metals extended gains on Monday as concern that Britain might leave the European Union eased and nickel hit a six-week peak on concern about top supplier Philippines. The London Metal Exchange complex, also bolstered by a weaker dollar, joined shares and oil in sweeping higher after polls tilted away from a "Brexit" vote on Thursday. "The recent polls have given an impetus to the market. The FTSE (share index) is up and that's flowing through into today's more risk-friendly environment.But that can change hour by hour - the roller coaster ride will continue," said Robin Bhar, head of metals research at Societe Generale. Three-month LME copper had climbed 1.7 percent to $4,627.50 a tonne by 1420 GMT, after small gains on Friday. Prices are building a fragile base above $4,483.50, a four-month bottom hit on June 9, in a well-supplied market.Bhar, back from last week's ...

Markets - Commodities - Europe

London cocoa falls on strong pound, sugar consolidates LONDON: London cocoa futures fell on Monday as sterling surged against the dollar, although the market remained underpinned by tightening supplies linked to declining production in top grower Ivory Coast.Raw sugar futures eased slightly with drier conditions in centre-south Brazil set to improve the cane crush in the world's top producer, while arabica coffee prices were also lower.London September cocoa fell 16 pounds, or 0.7 percent, to 2,252 pounds a tonne by 1434 GMT."It (the ...

Markets - Commodities - Europe

Gold slips more than 1pc as Brexit campaign loses momentum LONDON: Gold fell on Monday after polls showed the campaign for Britain to remain in the European Union regaining some momentum, sharpening appetite for assets seen as higher risk and sparking a sharp rally in stocks.Speculation that British voters could opt to leave the trading bloc in a referendum on Thursday helped push gold to its highest in nearly two years last week, and to three-year peaks in euro and sterling terms.However, three opinion polls ...

Markets - Commodities - Europe

South Korea's MFG bought 112,000 T feed wheat HAMBURG: South Korea's Major Feedmill Group (MFG) has purchased 112,000 tonnes of feed wheat of optional origin seen likely to be sourced from Europe, European traders said on Monday. The group on Friday purchased 60,000 tonnes at $195.25 a tonne c&f, traders said. There is an extra $1.25 a tonne surcharge for additional port unloading. The wheat is for shipment between Aug. 15-Sept. 15, they said.Another purchase was also made on Friday of 52,000 tonnes ...

Markets - Commodities - Europe

South Korea's KFA bought 55,000 T soymeal, 12,000 T rapemeal HAMBURG: The Korea Feed Association (KFA) purchased around 55,000 tonnes of soymeal and 12,000 tonnes of rapeseed meal in private deals on Friday, European traders said on Monday. The soymeal was purchased at $467.50 a tonne c&f plus a $1.50 a tonne surcharge for additional port unloading, traders said. Optional South American or Chinese origin was bought for shipment between Oct. 22-Nov. 10, they said. This followed other soymeal purchases on Friday by Korean groups ...

Markets - Commodities - Europe

EU crop monitor cuts 2016 soft wheat yield estimate PARIS: The European Union's crop monitoring service on Monday slightly cut its forecast for the average soft wheat yield in this year's EU harvest to 6.07 tonnes per hectare from 6.11 tonnes per hectare (t/ha) in May. The new estimate was 3.4 percent below last year's yield but 4.1 percent above the five-year average, the MARS service said in a monthly report. MARS lifted its outlook for the average barley yield, including both winter and ...

Markets - Commodities - Europe

Copper up as Brexit worries fade; nickel hits six-week peak LONDON: Copper and other base metals extended gains on Monday as concern that Britain might leave the European Union eased and nickel hit a six-week peak on concern about top supplier Philippines.The London Metal Exchange complex, also bolstered by a weaker dollar, joined shares and oil in sweeping higher after polls tilted away from "Brexit" ahead of Thursday's vote."The recent polls have given an impetus to the market. The FTSE (share index) is up and ...