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Last update: Sat, 23 Jul 2016 09pm

Europe

Markets - Commodities - Europe

London copper climbs, shorts close out positionsmmmm MELBOURNE: London copper rose on Wednesday as traders took profits on short positions ahead of Christmas, with the dominant view that poor demand growth in China will stretch into 2016, keeping gains in check.Markets are waiting for more signs that Chinese stimulus measures are having an impact in the world's top metals user, with early signs of improvement in grid spending and housing encouraging, but not enough to spark a change in price direction, analysts said."China's grid spend has lifted pretty noticeably in recent months but overall it's still a pretty tough demand outlook," said analyst Lachlan Shaw at UBS in Melbourne.China's state grid is the biggest buyer of copper in the country that accounts for some 45 percent of global demand. Three-month copper on the London Metal Exchange climbed by 1 percent to $4,711 a tonne by 0700 GMT.Prices fell 1.5 percent in the prior session, with the metal ...

Markets - Commodities - Europe

EU wheat slips as export competition intensifies LONDON: European wheat futures dipped on Tuesday, equalling a recent 3 month low, weighed down by high stocks and the prospect of more competition from export rivals Russia and Argentina. March wheat futures in Paris were down 0.50 euros, or 0.4 percent, at 174.25 euros a tonne at 1710 GMT, after equalling a three-month low of 174.00 euros set last Thursday. "We keep grinding lower and can't find much relief to the upside," one futures ...

Markets - Commodities - Europe

Gold steadies after two-day rally as dollar retreats LONDON: Gold held near $1,080 an ounce on Tuesday after a two-day rally, benefiting from a retreat in the dollar, though uncertainty over the pace of U.S. interest rate increases capped the gains.The metal has risen around 3 percent since touching its lowest in almost six years last week after the Federal Reserve announced its first rate rise in nearly a decade."Gold is going to remain rangebound for now... (it is) being supported by the ...

Markets - Commodities - Europe

Soy edges up on Brazil weather concerns, wheat also higher LONDON: US soybean prices rose on Tuesday, boosted by patchy rainfall in parts of major exporter Brazil, while wheat also edged up on concerns that a forecast cold snap in the Black Sea region next week could diminish crop prospects.Chicago Board of Trade January soybeans rose 0.3 percent to $8.93-1/4 a bushel by 1218 GMT."We combine Brazilian weather issues and net short speculative positioning, these are quite supportive for beans," said one agricultural commodities analyst."There ...

Markets - Commodities - Europe

Sugar steadies as Brazil crop data digested; arabica edges higher LONDON: Raw sugar futures on ICE steadied in thin pre-holiday dealings on Tuesday as traders took stock of Brazilian cane crush data which was broadly in line with expectations.Cocoa dipped, trading near near six-week lows on technically driven selling, while arabica and robusta coffee edged higher on light speculative buying.Raw sugar futures failed to react to Brazilian Unica cane industry data showing a crush of 18 million tonnes in the first half of December."The data ...

Markets - Commodities - Europe

Copper slips off 5-week peak as China growth fears persist LONDON: Copper fell on Tuesday as traders were reluctant to try to push the metal above Monday's five-week peak given slowing growth in China.Losses were limited, however, by signs of shrinking supply and as China pledged new policy support for 2016.Chinese equities ended slightly higher on Tuesday as investors grew more positive about prospects the world's second largest economy after Beijing unveiled a series of reform plans for 2016 on Monday.These include making China's monetary ...

Markets - Commodities - Europe

Gold holds gains from two-day rally as dollar retreats LONDON: Gold held near $1,080 an ounce on Tuesday after a two-day rally, supported by a retreat in the dollar, though uncertainty over the pace of U.S. interest rate increases capped gains.The metal has risen 3 percent since touching its lowest in almost six years last week after the Federal Reserve unveiled its first rate rise in nearly a decade.Spot gold was at $1,077.56 an ounce at 1030 GMT, little changed from $1,078.06 late on ...