02132016Sat
Last update: Sat, 13 Feb 2016 03pm

Europe

Markets - Commodities - Europe

China Dec gold imports through Hong Kong highest since 2013 MANILA: China's net gold imports for December via main conduit Hong Kong surged to the highest in more than two years, data showed on Tuesday, as investors lost faith in collapsing stock markets and a weakening currency and snapped up bullion.Net gold imports by China, the world's top consumer, jumped to 129.266 tonnes last month from 79.003 tonnes in November, according to data emailed to Reuters by the Hong Kong Census and Statistics Department.That was the highest monthly number since October 2013 when imports stood at 131.190 tonnes.As China's equities slumped and its yuan currency finished 2015 with a record yearly loss, "people looked at other investment alternatives that's why there was huge demand for gold," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore.China's gross gold imports via Hong Kong reached 152.158 tonnes in December, the highest since March 2013.For all of 2015, China's net gold ...

Markets - Commodities - Europe

Gold jumps to 12-week high as equities and oil tumble LONDON: Gold rallied to its highest in nearly 12 weeks on Tuesday as a fresh rout in world stocks and a slide in oil prices battered appetite for risk, sending investors fleeing to alternative assets.European stocks fell nearly 1 percent, with a 6 percent slump in Chinese shares and a slide in oil prices to less than $30 a barrel triggering a fresh bout of selling.That sent gold to a peak of $1,117.60 an ounce, ...

Markets - Commodities - Europe

Russian wheat export prices fall further on weak rouble MOSCOW: Russian wheat export prices fell further last week and early this week due to a continuing decline in the rouble, which makes Russian grain more competitive on the global dollar-denominated markets, analysts said on Tuesday.Black Sea prices for Russian wheat with 12.5 percent protein content were at $181 a tonne on a free-on-board (FOB) basis at the end of Monday, down $0.5 from a week earlier, Russian agricultural consultancy IKAR said in a note.SovEcon, ...

Markets - Commodities - Europe

Raw sugar falls, subdued physical demand, robusta firms LONDON: Raw sugar futures fell on Monday, pressured by subdued physical trade and prospects for a big 2016/17 harvest in central and southern Brazil, while robusta coffee edged up and was capped by ample supplies."We have a monster crop coming," a senior European physical sugar trader said, referring to the next centre-south Brazil cane harvest expected to start around April.According to the International Sugar Organization (ISO), sugar output in centre-south Brazil in 2016/17 (April/March) is ...

Markets - Commodities - Europe

Soybeans, corn weaken on South American weather, lower crude HAMBURG/SINGAPORE: Chicago corn and soybeans fell slightly on Monday as more favourable weather forecasts in South America and lower crude oil prices weakened sentiment.Wheat held firm for a third consecutive session on worries about cold weather in the Black Sea wheat export region and reports of possible Russian grain export restrictions.Chicago Board of Trade March corn was down 0.07 percent at $3.70 a bushel at 1032 GMT, not far from last week's one-month high of ...

Markets - Commodities - Europe

Raw sugar dips, subdued physical demand, robusta firms LONDON: Raw sugar futures eased on Monday, pressured by subdued physical trade and prospects for a big 2016/17 centre-south Brazil harvest, while robusta coffee edged up and was capped by ample supplies."We have a monster crop coming," a senior European physical trader said, referring to the next centre-south Brazil cane harvest expected to start around April.Raw sugar prices were underpinned by a shift of the global market into deficit after years of surpluses.March raws were ...

Markets - Commodities - Europe

Copper extends gains on weaker dollar and firmer Chinese equities LONDON: Copper edged higher on Monday, extending gains to a third session, supported by a weaker dollar and firmer equity prices in top metals consumer China, though a drop in oil prices weighed on other base metals.Three-month copper on the London Metal Exchange rose 0.2 percent to $4,453 a tonne in official open outcry trading."Equity markets in Asia and Europe are okay, which is giving some support to metals prices," said analyst Daniel Briesemann at ...