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Last update: Tue, 03 May 2016 11pm

Europe

Markets - Commodities - Europe

London copper languishes near 6-year low on demand concerns MELBOURNE: London copper fell on Monday to trade near its weakest in six years as concerns over demand in top user China were compounded by a seasonal slowdown in manufacturing activity over the summer and ample supply. However, the fall led to signs of bargain-hunting, with some analysts suggesting low prices could spur makers of copper products into replenishing inventories."It is also possible that China's State Reserve Bureau will restock at the current low prices," Argonaut Securities said in a note. "We maintain our view that China's economic demand in 2H15 will stabilise copper demand."China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a survey showed last week, a worse-than-expected result that comes on the heels of a stock market crash since June.Three-month copper on the London Metal Exchange fell by 1 percent to $5,221 a tonne by 0718 GMT, after also ...

Markets - Commodities - Europe

Algeria bought about 300,000 tonnes durum wheat in tender PARIS/HAMBURG: Algeria's state grains agency OAIC purchased about 300,000 tonnes of durum wheat seen likely to be sourced from Mexico and France in a tender for a nominal 50,000 tonnes which closed on Wednesday, European traders said on Friday. The purchase comprised about 200,000 tonnes from Mexico and 100,000 tonnes from France bought at approximately $420 a tonne c&f, they said. One trader said the purchase reflected about two months of the country's requirement and ...

Markets - Commodities - Europe

Copper tumbles to six-year low on worries about Chinese demand LONDON: Copper slumped to the lowest levels in six years on Friday after weak factory data from top metals consumer China highlighted lacklustre demand that could send prices even lower. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output to its lowest level since March 2014, the preliminary Caixin/Markit survey showed. Concerns over the Chinese economy combined with other headwinds are likely to keep weighing on metals ...

Markets - Commodities - Europe

Gold seen limping into year-end before 2016 recovery LONDON: Gold is expected to struggle for the rest of this year after sliding to five-year lows on expectations of higher US interest rates, before snapping three years of losses in 2016, a Reuters poll showed on Friday. The survey of 35 analysts and traders, conducted over the last month but prior to this week's sharp selloff, returned an average gold forecast of $1,193 an ounce for 2015, 6 percent below last year's average and ...

Markets - Commodities - Europe

Coffee prices to rise but still set for annual decline LONDON: Arabica coffee prices should rise before the close of 2015 from current depressed values but remain below end-2014 levels, a Reuters poll of 17 traders and analysts showed on Friday.Production was forecast to rise in 2015/16 in top grower Brazil, helping to cap any rebound in prices. A modest decline in prices was expected in 2016. Arabica futures were forecast to finish the year at $1.43 per lb, according to the median forecast in ...

Markets - Commodities - Europe

Copper hits two-week low as China demand worries mount LONDON: Copper prices hit a two-week low on Wednesday as worries mounted over demand from top consumer China and equity market losses around the world reinforced negative sentiment. Benchmark copper on the London Metal Exchange closed down 1.7 percent at $5,360 a tonne from $5,455 at Tuesday's close. Earlier in the session the metal widely used in power and construction touched a low of $5,346.50. "Confidence in Chinese growth and demand is still falling," said ...

Markets - Commodities - Europe

Copper hits two-week low as China demand worries mount LONDON: Copper prices hit a two-week low on Wednesday as worries mounted over demand from top consumer China and equity market losses around the world reinforced negative sentiment.Benchmark copper on the London Metal Exchange closed down 1.7 percent at $5,360 a tonne from $5,455 at Tuesday's close. Earlier in the session the metal widely used in power and construction touched a low of $5,346.50."Confidence in Chinese growth and demand is still falling," said Eugen Weinberg, ...