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Last update: Tue, 31 May 2016 03pm

Europe

Markets - Commodities - Europe

Soybeans extend gains after China cuts rates PARIS/SYDNEY: US soybeans rebounded off a more than six-year low on Tuesday, helped by China's decision to cut interest rates, although fears of a cooling economy in the world's largest buyer of the oilseed kept gains in check.Chicago Board of Trade November soybeans was 1.3 percent higher at $8.85-3/4 a bushel by 1035 GMT, having closed down 1.7 percent in the previous session when prices hit a contract low.Corn rose more than 1 percent to a near two-week high, also supported by forecasts for smaller than expected US production.Wheat gained 1 percent despite the US Department ofAgriculture pegging the progress of the spring wheat harvest above market expectations."Ultimately we are seeing a reaction to the losses overnight," said Andrew Woodhouse, grains analyst at Advance Trading Australasia.Chicago futures extended gains after China cut interest rates and banks' reserve requirements for the second time in two months after a plunging stock market ...

Markets - Commodities - Europe

Raw sugar hits seven-year low as commodity markets retreat LONDON: Raw sugar futures slumped to a seven-year low while arabica coffee slid to its weakest level in more than 1-1/2 years on Monday as slowing economic growth in China prompted broad-based losses in commodity markets. Dealers said the weakness of Brazil's real had also been a factor in the recent slide, making prices more attractive in local currency terms for producers in the world's top grower of both commodities. "Today has been a bad ...

Markets - Commodities - Europe

Gold below multi-week highs; PGMs tumble on equities rout LONDON: Gold edged lower on Monday but remained near a seven-week high as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a US rate rise.The dip was partly due to heavy losses in the rest of the commodities sector, with crude oil down almost 4 percent and copper falling to a six-year low. Platinum dropped 3 percent and palladium hit its lowest in three years at ...

Markets - Commodities - Europe

Soybeans fall to new 6-year lows as China sell-off deepens PARIS/SYDNEY: US soybeans fell to fresh six-year lows on Monday, caught up in a latest slide in commodity markets fanned by fears about the faltering economy in China, which is by far the largest importer of the oilseed. Soybeans were also under pressure from favourable crop weather in the United States, which was easing concern about damage from torrential rain at the start of the growing season. Corn and wheat also fell as spillover from ...

Markets - Commodities - Europe

Copper tumbles to six-year low, China worries dominate LONDON: Copper prices tumbled to six-year lows on Monday alongside Shanghai equities on growing nervousness about economic activity and demand prospects in top industrial metals consumer China. Benchmark copper on the London Metal Exchange fell more than 3 percent to $4,882 a tonne in early trade. The metal used in power and construction traded at $4,885 a tonne in official rings, from $5,055 at Friday's close. "The market fears a severe deterioration in Chinese demand. ...

Markets - Commodities - Europe

Copper sinks to six-year low as worries about China growth persist LONDON: Copper slid to a six-year low below $5,000 a tonne on Wednesday as a plunge in oil prices added to persistent concerns about slowing growth in China, where authorities intervened for a second day to calm volatile stock markets.Three-month copper on the London Metal Exchange ended down 1 percent at $4,985 a tonne, having earlier hit its lowest since mid-2009 at $4,976. It fell 1.5 percent on Tuesday, breaking below $5,000 for the first ...

Markets - Commodities - Europe

LME aluminium looks set for rollercoaster ride LONDON: A large long position in aluminium for settlement in October on the London Metal Exchange could mean a period of tightness and price volatility for contracts across the maturity curve. A taste of things to come can already be seen, with the premium for the October contract over metal for January delivery jumping to $4.50 from $1 per tonne on Monday. It is currently around $3.50 a tonne. Elsewhere, the discount for the cash ...