08282016Sun
Last update: Sun, 28 Aug 2016 09pm

Europe

Markets - Commodities - Europe

EU wheat steady as small French crop keeps floor under market PARIS: Euronext wheat futures edged higher on Tuesday as a weather-hit harvest in France underpinned prices in the face of large crops in other major exporting countries. A steadying of Chicago futures during US trading and a rise in Russian export prices in the past week also lent support to Paris futures.Front-month September milling wheat on the Paris-based Euronext exchange was 0.75 euro, or 0.5 percent, higher at 163.25 euros a tonne by 1621 GMT, while the more active December contract was also up 0.75 euro, at 169.00 euros.Prices held in their recent consolidation range as the poor harvest in France, expected to show the worst yields in some 30 years, removed the usual early-season supply pressure when France fights for exports against cheaper Black Sea suppliers. "The market is continuing to price itself out of the export race," one French trader said."The harvest is small so there's no supply ...

Markets - Commodities - Europe

Raw sugar extends advance, arabica coffee edges up LONDON: Raw sugar futures were higher on Tuesday, boosted by a weaker dollar and positive technical indicators following the prior session's strong performance.ICE Oct raw sugar was up 0.25 cent, or 1.25 percent, at 20.23 cents per lb by 1309 GMT.Dealers said the market also received background support from the prospect of tightening supplies in coming months although nearby availability remained ample."In the short-term there is sufficient supply due to the strong progress of the ...

Markets - Commodities - Europe

Gold cuts gains after mixed US economic data LONDON: Gold cut its gains on Tuesday after mixed US economic data failed to give clarity on the prospects for a US interest rate rise this year.US consumer prices were unchanged in July as the cost of gasoline fell for the first time in five months and underlying inflation moderated, while US housing starts unexpectedly rose and industrial production rose more than forecast in the same month.Spot gold was up 0.3 percent at $1,342.35 an ...

Markets - Commodities - Europe

German 2016 wheat, rapeseed crops seen down after repeated rain HAMBURG: Germany's 2016 wheat harvest will fall 8.8 percent on the year to 24.21 million tonnes after crops suffered from rain but crop quality in export regions is still expected to be good, the country's association of farm cooperatives said on Tuesday.The latest forecast is below the 25.4 million tonnes the association estimated in July with crops in the meantime suffering from persistent harvest-time showers in major German grain belts.The association said wheat quality was ...

Markets - Commodities - Europe

Gold climbs as dollar dives on lower US rate hike prospects LONDON: Gold rose around 1 percent on Tuesday as a series of lower-than-expected US economic data weighed on the dollar and reduced prospects for a Federal Reserve interest rate hike this year.Spot gold rose to a session high of $1,353.23 an ounce and was up 1 percent at $1,351.35 by 1010 GMT.US gold rose 0.7 percent to $1,357.40 an ounce.Spot gold was within reach of a more than two-year high of $1,374.91 hit last month ...

Markets - Commodities - Europe

Aluminium hits one-month peak, copper also up as dollar slips LONDON: Aluminium hit a month high and copper also gained on Tuesday as speculators scooped up metals on a weakening dollar that came under pressure from signals that U.S. interest rates would remain on hold.Nickel, however, resisted the stronger trend as investors had second thoughts about the impact of a environmental audit of mines in the Philippines.The dollar index slid to a seven-week low after a U.S. Federal Reserve policymaker argued that central banks might ...

Markets - Commodities - Europe

Soy steady near three-week top as exports offset output forecast PARIS/SINGAPORE: Chicago soybean futures were slightly higher during European trading on Tuesday, holding near an earlier three-week high as brisk export demand offset favourable growing conditions that have led the US government to forecast a record harvest.Corn inched up as the feed grain continued to recover from a seven-year low hit on Friday after the government also projected a record US corn crop.Wheat ticked lower, however, curbed by large global supplies.The Chicago Board of Trade ...