06302016Thu
Last update: Thu, 30 Jun 2016 06pm

Europe

Markets - Commodities - Europe

Copper slips from near eight-week peak LONDON: Copper retreated from the highest levels in nearly eight weeks on Wednesday amid uncertainty about the outlook for mine supply while a softer dollar supported other industrial metals. Nickel hit the highest level since early May and lead touched a three-week high as the dollar gave up some of its gains made since the UK voted to leave the European Union. Three-month copper on the London Metal Exchange traded unchanged at $4,818 a tonne at 1354 GMT, having earlier climbed to the highest since May 5 at $4,831.50, following a 2.3 percent gain in the previous session. "It seems that the Brexit issue is gradually taking a back seat on the metals markets, and so market participants are now focusing again more on fundamental data," said analyst Daniel Briesemann at Commerzbank in Frankfurt. After touching a low of $4,588 on Friday after the UK Brexit vote, copper rallied by ...

Markets - Commodities - Europe

Gold, silver climb on dollar and appetite for security LONDON: Gold rose on Wednesday as the dollar retreated and investor appetite for safe assets remained strong because of longer-term financial uncertainty after Britain's surprise vote to leave the European Union.Bullion fell by about 1 percent on Tuesday as investors took profits from its biggest two-day gain since November 2008 as the British vote sparked sales of riskier assets.The metal, often perceived as a hedge against economic and financial risk, surged 4.8 percent on Friday ...

Markets - Commodities - Europe

Copper dips from near eight-week peak as uncertainty weighs LONDON: Copper retreated from the highest levels in nearly eight weeks on Wednesday as investors paused amid uncertainty about Britain's vote to exit the European Union and the outlook for mine supply.Three-month copper on the London Metal Exchange had shed 0.3 percent to $4,804.50 a tonne by 1013 GMT, having earlier risen to the highest since May 5 at $4,831.50, following a 2.3 percent gain in the previous session."We have seen quite significant price rises ...

Markets - Commodities - Europe

Arabica, sugar extend gains, buoyed by firm Brazil currency LONDON: Raw sugar and arabica coffee futures on ICE rose further on Wednesday, supported by a stronger currency in top grower Brazil.Cocoa prices were little changed as the British pound bounced off a 31-year low it hit on Monday after tumbling when Britain voted to leave the EU.Raw sugar futures rose to within sight of a multi-year high, supported by the strengthening of the Brazilian real to an 11-month peak this week.The strong real discourages ...

Markets - Commodities - Europe

Gold edges higher on dollar and appetite for security LONDON: Gold rose on Wednesday as the dollar retreated and investor appetite for safe assets continued on longer-term financial uncertainty after Britain's surprise vote to leave the European Union.Bullion fell by about 1 percent on Tuesday as investors took profits from its biggest two-day gain since November 2008 as the British vote sparked sales of riskier assets.The metal, often perceived as a hedge against economic and financial risk, surged 4.8 percent on Friday to $1,358.20 ...

Markets - Commodities - Europe

Soybeans fall ahead of US sowings report, wheat up after losses HAMBURG/SINGAPORE: US soybeans fell on Wednesday, retreating from Tuesday's one-week high on expectations the US Department of Agriculture (USDA) will estimate US farmers have increased soybean sowings for this year's crop.Corn was supported by the view that US farmers may have reduced corn sowings to switch into soybeans and by concern that expected hot weather could stress US crops. Wheat recovered on buying interest after recent weakness.The most active soybean contract on the Chicago Board ...

Markets - Commodities - Europe

Gold edges higher on dollar, appetite for security LONDON: Gold rose on Wednesday as the dollar retreated and investor appetite for safe assets continued on longer-term financial uncertainty following Britain's surprise vote to leave the European Union.Bullion fell around one percent on Tuesday as investors booked profits after its biggest two-day gain since November 2008, as the British vote sparked sales of riskier assets.The metal, often perceived as a hedge against economic and financial risk, surged 4.8 percent on Friday to $1,358.20 an ...