07292016Fri
Last update: Fri, 29 Jul 2016 10am

Europe

Markets - Commodities - Europe

Gold slips as US data and stimulus hopes boost stocks LONDON: Gold fell on Monday as strong US jobs data and the prospect of more monetary stimulus from some central banks boosted stock markets, while the dollar pushed higher against the euro.Simmering concerns over the prospect of Britain leaving the European Union kept gold underpinned, however, and it is still within $20 of last week's more than two year high. The UK's vote to leave the currency bloc has roiled markets in recent weeks.Spot gold was down 0.6 percent at $1,358.50 an ounce at 0930 GMT, having touched its highest since March 2014 last week at $1,374.91 an ounce. US gold futures for August delivery were down $1.30 an ounce at $1,359.70."The precious metal is losing some of its shine as investors are more focused on equity markets, given that the odds are high that central banks will continue to pursue their easing monetary policy for some time to come," ...

Markets - Commodities - Europe

Gold slips back below $1,350 as investors cash in gains LONDON: Gold slipped below $1,350 an ounce on Tuesday after the previous day's rally towards a recent two-year high ran out of steam, though prices were supported by continued uncertainty following Britain's vote to leave the European Union.The Brexit vote sparked turmoil across financial markets and sent gold to its highest since early 2014 on June 24. While concerns about global growth and monetary policy continue to support gold it has failed to match that ...

Markets - Commodities - Europe

EU wheat prices edge up as quality concerns deepen LONDON: European wheat futures edged higher on Monday, clawing back some of the market's recent steep losses, in thin trading conditions due to the closure of US markets for the Independence Day holiday.September milling wheat futures in Paris ended 1.75 euros or 1.1 percent higher at 154.00 euros a tonne.The contract fell to a low of 150.75 euros on Friday, the weakest spot price since May 10."We're recovering a bit but with no real volume ...

Markets - Commodities - Europe

European feeds-Poor margins and US holiday slow activity LONDON: Soymeal on the European meals and feeds market was little changed on Monday, with poor margins and the Independence Day holiday in the United States helping to curtail activity.Dealers said that a sharp rise in soymeal prices during the second quarter of this year had helped to cut profit margins for producers of animal feed. "Margins are pretty small and activity is low," one broker said, adding that the holiday closure of US futures ...

Markets - Commodities - Europe

Cash white sugar demand resilient after rally LONDON: Physical differentials for Asian white sugar have held up despite a sharp rally in futures to multi-year highs, indicating that Chinese-led demand remains buoyant. However, traders spoke of an increase in discounts on EU white sugar since last week's rally. They ruled out any prospect for global demand destruction due to growing consumption. Most-active raw sugar futures surged to a 3-1/2-year high of 21.22 cents a lb on Thursday, driven by a shift of ...

Markets - Commodities - Europe

European vegoils-Prices boosted by gains in Malaysian futures LONDON: Palm oil prices on the European vegetable oils market rose on Monday, boosted by a rise in Malaysian futures in a thin market due to the US Independence Day holiday. No trades were reported in crude palm oil although RBD palm olein for October/December shipment last changed hands at $617.50 per tonne, up $12.50 from Friday. Malaysian palm oil futures rose to a one-week high on Monday, lifted by weaker than expected output and ...

Markets - Commodities - Europe

White sugar, robusta coffee steady with US markets shut LONDON: London white sugar, robusta coffee and cocoa futures prices steadied in light volumes on Monday with US softs markets closed for the Independence Day holiday.In sugar, dealers took stock of US data on Friday showing that speculators slightly cut a record bullish bet on ICE Futures US in the week to June 28.Dealers spoke of steady progress with the cane harvest in generally favourable weather in centre-south Brazil, and noted that monsoon rains have ...