12052016Mon
Last update: Mon, 05 Dec 2016 01pm

Europe

Markets - Commodities - Europe

Soybeans rise as rains slow plantings in Argentina LONDON: Chicago soybean futures were higher on Friday, boosted by concerns about planting delays in Argentina and a rise in palm oil prices to the highest level in more than four years. Wheat prices were little changed and remained on track for a weekly loss while corn futures eased as ample supplies kept both markets on the defensive. January soybeans on the Chicago Board of Trade were up 1.3 percent at $10.11 a bushel at 1051 GMT. The most active contract was on track for a weekly gain of 2 percent. Dealers said the market was boosted partly by strong palm oil prices, with Malaysian futures rising to their highest level in more than four years on Friday due to low stocks. The sale of 126,000 tonnes of US soybeans to China has also been supportive along with a weaker forecast for crops in South America. Argentine farmers are expected ...

Markets - Commodities - Europe

Gold hits 3-1/2-week low as yields surge, dollar firms LONDON: Gold hit the lowest levels in over three weeks on Friday, weighed down by rising bond yields and a firm dollar due to inflation fears from the prospect of a splurge of US infrastructure spending.Spot gold was down 0.3 percent at $1,255.85 an ounce at 1110 GMT, paring losses after hitting $1,250.70, the weakest since Oct. 17. It has declined over 3 percent so far this week.US gold futures fell 0.9 percent to $1,255.40 ...

Markets - Commodities - Europe

Copper jumps to 16-month high on US infrastructure hopes LONDON: Copper surged more than 5 percent to a 16-month high on Thursday as speculation that US infrastructure spending could jump under a Republican administration unleashed a wave of interest in industrial metals.Zinc hit a 5-1/2 year peak and nickel was at its highest since July 2015 on expectations that US president-elect Donald Trump could boost domestic construction spending.London Metal Exchange copper hit a peak of $5,714 a tonne on Thursday, its highest since July ...

Markets - Commodities - Europe

Gold steadies as market weighs Trump policy uncertainty LONDON: Gold steadied on Thursday as uncertainty regarding the economic policies of new US President-elect Donald Trump helped support the precious metal even as some investors returned to riskier assets such as stocks.Trump's plans call for new infrastructure and massive tax cuts could boost the US budget deficit. Coupled with protectionist trade policies, some are concerned the policy mix would ultimately hit the dollar and increase inflation.Spot gold had firmed 0.24 percent to reach $1,280.80 ...

Markets - Commodities - Europe

Dollar gains against yuan on Trump policy worries LONDON: The Chinese yuan weakened past 6.80 per dollar in the offshore market on Thursday for the first time in more than six years on fears that U.S. president elect Donald Trump will act on the protectionist rhetoric that ran through his campaign.The dollar steadied against most major peers as currency markets struggled for a clear narrative on the fallout of U.S. President-elect Donald Trump's economic policy, with Asian markets particularly concerned about the future ...

Markets - Commodities - Europe

Coffee, sugar slip as funds trim long positions after US vote LONDON: ICE arabica coffee and raw sugar futures fell on Wednesday in a fairly muted response to the US election result as funds trimmed large net long positions and top producer Brazil's real currency weakened. "I was expecting more volatility especially in commodities where funds have very long net positions," Rabobank analyst Carlos Mera said. Funds have been holding large net long positions in both arabica coffee and raw sugar. December arabica coffee was off ...

Markets - Commodities - Europe

European vegoils-Palm oil rises further on production worries ROTTERDAM: Palm oil on the European vegetable oils market rose further on Tuesday due to concerns that year-end monsoon rains could disrupt its harvest and transport. Palm oil was offered between $12.50 and $20 a tonne up from Monday after Malaysian palm oil futures closed between 45 and 54 ringgit per tonne higher, supported by the monsoon worries and talk of lower-than-average production growth due to lagging effects of El Nino. "Business was pretty slow ...