08302016Tue
Last update: Tue, 30 Aug 2016 12pm

Europe

Markets - Commodities - Europe

Gold slides to two-week low on talk of US rate hike LONDON: Gold fell to a two-week low on Monday as upbeat comments from Federal Reserve officials on the US economy boosted expectations that the central bank could lift interest rates sooner rather than later.The Fed's No.2 policymaker, Stanley Fischer, said on Sunday the US central bank is close to hitting targets for full employment and 2 percent inflation.That followed comments last week from New York Fed President William Dudley that the labour market is improving, and from San Francisco Fed chief John Williams that waiting too long to lift rates could be costly for the economy.Gold is highly sensitive to US interest rates, increases in which boost the opportunity cost of holding non-yielding gold, while lifting the dollar, in which it is priced.Spot gold was down 0.4 percent at $1,335.97 an ounce at 1130 GMT, while US gold futures for December delivery were down $6.30 an ounce at $1,339.90.The world's ...

Markets - Commodities - Europe

Cocoa extends retreat from one-month high, sugar edges up LONDON: Cocoa futures retreated further on Monday from one-month highs set during the previous session on largely technically-driven selling which gathered momentum as sell stops were triggered, dealers said.December New York cocoa fell $122 or four percent to a low of $2,977 a tonne before recovering slightly to $3,019 by 1132 GMT.The contract had climbed to a one-month high of $3,120 on Friday before turning lower as traders started to take profits following strong gains ...

Markets - Commodities - Europe

Gold down more than 1 pct on US Fed rate hike views LONDON: Gold fell more than 1 percent on Friday, snapping a week-long streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track to end the week higher.Spot gold fell as much as 1.5 percent to a session low of $1,337.37 per ounce, paring losses by 1416 GMT to trade down 0.44 percent at 1,345.90. The yellow metal was still heading for ...

Markets - Commodities - Europe

Cocoa hits 1-month high on crop concerns, sugar weakens LONDON: Cocoa futures rose to a one-month high on Friday, boosted by concerns that adverse weather in top grower Ivory Coast could limit an anticipated rebound in production in the 2016/17 season. Dealers said profit-taking temporarily stalled the advance although London prices remained on course for a weekly gain of around 3 percent. December London cocoa was off 5 pounds or 0.2 percent at 2,449 pounds a tonne at 1402 GMT after climbing to 2,458 ...

Markets - Commodities - Europe

Germany, UK harvest smaller wheat crops but quality OK LONDON: Wheat harvests in Germany and Britain have made rapid progress in the last week with production set to fall but the outlook much less bleak than in neighbouring France, crop analysts said. "The harvest size is down following the rain this summer but overall quality is looking reasonably good and we are not facing a disaster like France," one German grains analyst said. "The results are very mixed between regions and the harvest will ...

Markets - Commodities - Europe

European vegoils-Prices retreat slightly after strong gains LONDON: Palm oil prices in Europe fell on Thursday as the market slipped back slightly after a recent rally, although it remained underpinned by tightening supplies.RBD palm olein offers ended the day between $5 and $10 a tonne lower with October/December shipment last traded at $687.50 a tonne, down $15 from last business on Wednesday. However, the RBD palm olein market has still risen about $100 so far this month. "Although palm oil output is ...

Markets - Commodities - Europe

EU wheat steady as market weighs up fallout from bad French crop PARIS: Euronext wheat futures edged higher on Thursday but held in their recent range, as traders assessed how a poor French harvest could affect trade flows and the upcoming expiry of September futures.A subdued European market also lacked direction from Chicago, where wheat futures continued to consolidate above summer harvest lows.Front-month September milling wheat on the Paris-based Euronext exchange settled up 0.25 euro, or 0.2 percent, at 163.50 euros a tonne. The more active December ...