12072016Wed
Last update: Wed, 07 Dec 2016 05pm

Europe

Markets - Commodities - Europe

Algeria wheat purchase pegged higher at 580,000 tonnes PARIS: Algeria's state grains agency OAIC bought 580,000 tonnes of optional-origin milling wheat for January shipment in a tender that closed on Tuesday, more than the volume previously reported, traders said on Wednesday. Traders had cited earlier a volume of at least 400,000 tonnes, but they later said OAIC had purchased a larger volume. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Algeria buys 580,000 T wheat in tender-traders PARIS: Algeria's state grains agency OAIC bought 580,000 tonnes of optional-origin milling wheat in a tender that closed on Tuesday, European traders said on Wednesday. Prices paid ranged from $201 to $201.50 a tonne, cost and freight included, and shipment was due in January, they said.Traders had cited earlier a volume of at least 400,000 tonnes but they later said OAIC had purchased a larger volume. Algeria, one of the world's largest grain importers, does ...

Markets - Commodities - Europe

Sugar slides as funds sell, market digests large delivery LONDON: Raw sugar futures fell sharply on Wednesday with funds scaling back long positions as the market digested a large delivery against the whites contract and production data from Centre-South Brazil which was higher than many had expected. March raw sugar was off 0.76 cent, or 3.5 percent, at 20.39 cents per lb at 1446 GMT after earlier dipping to a two-month low of 20.32 cents. Dealers said fund selling was driven partly by technical ...

Markets - Commodities - Europe

Gold slips as dollar climbs to 14-year high LONDON: Gold eased on Wednesday as the dollar climbed to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency.The metal has shed more than $100 an ounce from last Wednesday's post-election high on the back of the sharp rise in bond yields and burgeoning appetite for risk.Spot gold was down 0.1 percent at $1,226.85 an ounce at 1453 ...

Markets - Commodities - Europe

Gold slides as dollar index hits 14-year high LONDON: Gold fell on Wednesday as the dollar climbed to a fresh 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency.The metal has shed more than $100 an ounce from last Wednesday's post-election high on the back of the sharp rise in bond yields and burgeoning appetite for risk.Spot gold was down 0.3 percent at $1,224.97 an ounce at ...

Markets - Commodities - Europe

Copper, zinc pushed lower by strong dollar, China worries LONDON: Copper, zinc and other base metals headed lower on Wednesday, pressured by a strong dollar, losses in steel-related products and the unwinding by speculators of very long positions after a blistering rally last week. Benchmark copper on the London Metal Exchange fell for a second session, dropping 1.1 percent to $5,461 a tonne in official trading, after hitting its highest since June 2015 at $6,025.50 a tonne on Friday."The dollar is a big driver, ...

Markets - Commodities - Europe

Soybeans up for 2nd day on big exports, large US crush HAMBURG/SINGAPORE: Chicago soybeans rose for a second session on Wednesday, underpinned by strong export demand and data showing US oilseed processors in October recorded their third-largest crush in history.Corn and wheat also stayed firm after rising on Tuesday's rally in crude oil prices, as attention turned to possible weather risks to South American corn plantings.Chicago Board of Trade January soybeans had risen 0.4 percent to $9.94 a bushel by 1106 GMT, after a gain of ...