07292016Fri
Last update: Fri, 29 Jul 2016 09am

Europe

Markets - Commodities - Europe

Gold on track for first weekly loss in seven LONDON: Gold edged lower on Friday and was set for its first weekly loss since May on improving global risk sentiment and a steadier dollar.Reassuring Chinese data lifted Asian stocks to an eight-month high, while European equities fell after an attack by a gunman at the wheel of a truck in the south of France killed at least 84 people.Spot gold eased 0.1 percent to $1,333.40 an ounce by 1012 GMT. It fell to its lowest since June 30 in the previous session.After six weeks of gains, the longest rally since March 2014, the metal has come under pressure this week, down 2.5 percent so far. It was hit by strong US non-farm payrolls data and as uncertainty around the implications of Britain's Brexit vote eased with the formation of a new government.US gold inched up 0.1 percent to $1,333.40 an ounce."Investors are taking profits, but $1,300 is now a ...

Markets - Commodities - Europe

Copper trims gains on flat UK rates, still hope for China stimulus LONDON: Copper and some other base metal prices trimmed gains on Thursday, after the Bank of England failed to cut interest rates as expected, although investors still hoped for top metals consumer China to give more stimulus to its economy. Nickel steadied on persistent worries about the impact of an environmental crackdown in top exporter Philippines and after a report that a smelter closed in China, also due to environmental rules.The Bank of England kept ...

Markets - Commodities - Europe

European vegoils-Prices mostly higher on CBOT soyoil rally LONDON: Prices on the European vegetable oils market were mostly higher on Thursday as the potential stress from hot weather to soybeans in the US Midwest helped drive futures markets higher in both Chicago and Malaysia. CBOT soyoil futures extended their recent rally on Thursday with the most active contract up 1.1 percent at 31.58 cents per lb at 1635 GMT. In Europe, RBD palm olein for October/December shipment last traded $587.50 per tonne, up ...

Markets - Commodities - Europe

Gold falls to two-week low after BoE holds rates steady LONDON: Gold fell 1.5 percent on Thursday as global equities stayed in positive territory after the Bank of England (BoE) surprised investors by leaving interest rates unchanged.The BoE said it was likely to deliver stimulus to the economy in three weeks, once it assessed how Britain's vote to leave the European Union has affected the economy.Spot gold fell as much as 1.5 percent to $1,321.79 an ounce, the lowest since July 1, and was down ...

Markets - Commodities - Europe

Coal prices bounce back this year, but not for good LONDON: A rally in thermal coal prices over the past few months, after years of decline, should continue into next year but a cloud still hangs over the market in the form of weakening global demand due to more clean energy and increased energy efficiency. All major benchmarks for thermal coal have risen above $60 a tonne in the past few weeks, an increase of around 50 percent since record lows earlier this year, due ...

Markets - Commodities - Europe

Russia first beet test shows weight up MOSCOW: Russia's sugar beet test, the first since the start of the year, showed average root weight at 125 grams compared with 117 grams in July last year, the Russian Sugar Producers Union industry lobby said on Thursday. The number of beets per hectare rose to 97,000 from 92,000 a year ago, it added. The sugar content had not been tested so far.Copyright Reuters, 2016 ...

Markets - Commodities - Europe

London copper, nickel rise on growing stimulus expectations MELBOURNE: London copper edged up and nickel rose on Thursday, adding to rallies in the previous session on expectations of new stimulus measures in major economies including the UK and China.The Bank of England is set to cut interest rates for the first time in more than seven years as it tries to cushion the economy from the shock decision by voters to pull Britain out of the European Union.Meanwhile, weaker overall trade data from ...