04302016Sat
Last update: Sat, 30 Apr 2016 11pm

Europe

Markets - Commodities - Europe

Zinc drifts off eight-month peak ahead of Chinese data LONDON: Zinc and copper prices dipped on Thursday after strong gains during the two previous sessions as some investors locked in profits ahead of key Chinese economic data.Weaker oil prices and a firmer dollar also weighed on metals markets.The London Metal Exchange index of six industrial metals rallied nearly 4 percent over the past two days, bolstered by higher oil prices, hopes of tightening supply and signs of stronger demand in top metals consumer China."It looks like profit taking ahead of the Chinese data tomorrow morning since a lot of the good news from tomorrow is already priced in," said analyst Daniel Briesemann at Commerzbank in Frankfurt."Coupled with a somewhat weaker oil price and a firmer dollar, this might be a good reason to take profits or to sell."Chinese data for first quarter GDP and industrial output for March are due on Friday and many investors are hopeful after strong ...

Markets - Commodities - Europe

German 2016 wheat harvest seen down on year, good average crop HAMBURG: Germany's 2016 wheat crop will fall 1.7 percent on the year to 26.1 million tonnes but will still reach a good average, the country's association of farm cooperatives said on Thursday. This was unchanged from the association's forecast for the wheat crop in its first harvest estimate in March.The association forecast Germany's 2016 winter rapeseed crop will rise 0.6 percent on the year to 5.03 million tonnes.This was slightly down from the 5.04 million ...

Markets - Commodities - Europe

EU sugar output seen rising after quotas end GENEVA: EU white sugar output is expected to rise by about 5 percent on average in the long term after production quotas in the bloc are dismantled in 2017, Martin van Driel, DG Agriculture of the European Commission, said on Thursday. He also told the Platts EU sugar seminar that EU sugar consumption was set to decline in the long term.Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Vietnam coffee premiums buoyed by tight supplies in other producers GENEVA: Robusta coffee premiums in top grower Vietnam have remained firm due to strong physical demand and a tight supply outlook in other leading producers, European traders said. They quoted Vietnamese grade 2 robusta steady this week at $40-50 per tonne over July futures, reflecting buoyant cash demand from roasters around the world and prospects for limited robusta supplies from Brazil and Indonesia. Brazilian robusta, or conillon, was quoted at $250-$300 per tonne over futures, ...

Markets - Commodities - Europe

Cocoa futures slip as Europe Q1 grind falls LONDON: Cocoa futures fell on Wednesday, weighed down by an unexpected drop in the European first-quarter grind, while raw sugar prices hovered near their lowest since late February due to the strong pace of cane crushing in top producer Brazil.Europe's first-quarter cocoa grind fell 0.2 percent from the same period last year to 337,029 tonnes, the Brussels-based European Cocoa Association said on Wednesday, well below expectations for a rise of 2-5 percent."We hear stories of ...

Markets - Commodities - Europe

Gold slips from 3-week high as equities rise, dollar rebounds LONDON: Gold fell 1 percent from the previous day's three-week high on Wednesday as European stocks jumped after upbeat Chinese trade data allayed concerns over the outlook for its economy and as the dollar regained some poise.The U.S. dollar rose 0.7 percent against a currency basket, having slid to its lowest in nearly 8 months in the previous session, while stocks jumped 2.1 percent.Spot gold was down 1.1 percent at $1,241.80 an ounce by 1140 ...

Markets - Commodities - Europe

Aluminium hits month high, copper gains on influx of China imports LONDON: Aluminium prices hit their highest in a month and copper also gained on Wednesday after Chinese trade data eased concerns about demand in the biggest metals consumer, prompting some investors to shift to commodities.China's exports in March returned to growth for the first time in nine months, adding to further signs of stabilisation in the world's second-largest economy that cheered regional investors."The trade numbers are very, very strong. On the ground, the fundamentals appear ...