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Last update: Sun, 31 Jul 2016 01am

Europe

Markets - Commodities - Europe

European vegoils-Rapeseed oil edges up as smaller EU crop seen LONDON: Rapeseed oil prices on the European vegetable oils market were higher on Monday, underpinned by the prospect of a smaller EU crop this year as rains curb yields. EU rapeseed oil offers were raised by between 2.00 and 5.00 euros a tonne with August/October last traded at 689 euros, up 7.00 euros from Friday. Dealers said the EU rapeseed harvest was now underway. Earlier this month, Strategie Grains cut its forecast for this year's EU rapeseed crop to 21.2 million tonnes, down from a previous forecast of 21.5 million and the prior season's 21.9 million. Palm oil prices were flat to slightly higher, boosted by gains in Malaysian futures. Malaysian palm oil futures rose on Monday as traders adjusted positions after a recent sharp sell-off, but caution prevailed due to weak export demand. RBD palm olein for October/December shipment traded at $592.50 per tonne, up $7.50 from business on ...

Markets - Commodities - Europe

Copper lifted by weaker dollar, capped by Chinese home prices LONDON: Copper edged higher on Monday on the back of a weaker dollar but gains were kept in check after lacklustre rises in Chinese home prices fuelled worries about demand in the world's top metals consumer.Data on Monday showed home price rises in China slowed in June for a second straight month, adding to concern over the sustainability of a construction-led economic rebound."This slowing increase in Chinese house prices we've seen over the weekend puts ...

Markets - Commodities - Europe

Gold falls on revived risk appetite after failed Turkey coup LONDON: Gold fell around one percent on Monday as European equities rose as investor jitters calmed following a failed coup attempt in Turkey.Spot gold fell earlier to a session low of $1,323.70 an ounce and was down 0.7 percent to $1,327.15 by 0957 GMT. Bullion fell over 2 percent last week, its first weekly decline in seven weeks, as investors piled cash into riskier assets.US gold was up 0.1 percent to $1,328.70 an ounce.Turkey widened ...

Markets - Commodities - Europe

Copper, aluminium drop on weak rise in Chinese home prices LONDON: Copper and aluminium dropped on Monday for a second session after lacklustre rises in Chinese home prices fuelled worries about demand in the world's top metals consumer.Data on Monday showed home price rises in China slowed in June for a second straight month, adding to fears that a construction-led rebound in the economy may not be sustainable."This slowing increase in Chinese house prices we've seen over the weekend puts the focus back on the ...

Markets - Commodities - Europe

Coffee rises; sugar steadies before Brazil crush data LONDON: Coffee futures hit multi-month highs on Friday, underpinned by tight supplies, while sugar steadied before Brazilian cane industry data expected to show a vigorous crush in the second half of June.Cocoa eased, but was supported by concerns over tight supplies in the run-up to the West African main crop harvests.Coffee rose on roaster buying, and was underpinned by tight global robusta stocks and concerns over the quality of new crop Brazilian arabica beans."The strength ...

Markets - Commodities - Europe

Fresh peaks hit on firmer Chinese growth, stimulus hopes LONDON: Copper gained on Friday and other base metals hit fresh peaks after economic growth numbers in top metals consumer China boosted confidence and left the door open for more stimulus. Speculators stepped up buying, lifting aluminium, lead and zinc to the highest levels since late spring and summer last year. China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which ...

Markets - Commodities - Europe

London July cocoa expiry sees 58,340 tonnes tendered LONDON: A total of 58,340 tonnes of cocoa has been tendered against the July London cocoa contract on ICE which expired on Thursday, exchange data showed on Friday. The main origins were Cameroon (17,720 tonnes), Nigeria (17,170) and Ivory Coast (16,220). The bulk of the cocoa was bought by Macquarie Bank Ltd (48,360 tonnes). Major sellers included ABN AMRO Clearing Bank NV (27,040 tonnes), UBS Ltd (9,730), Societe Generale Newedge Ltd (9,480) and BNP Paribas ...