News Archives for Markets - 2020-06-18

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Commodities

Gold slips as US jobless claims fall, China claims outbreak contained

Spot gold fell 0.2% to $1,723.23 per ounce by 12:30 p.m. ET (1630 GMT). US gold futures shed 0.3% at $1,730.10.
Gold is giving up earlier gains due to some positive reports from Beijing that they have contained the outbreak.
In China, fears over a '

Published 18 Jun, 2020 11:25pm

Commodities

Copper strengthens on China stimulus plans

We have had an almighty rally in copper and we don't have to look further than the monetary stimulus from central banks for a reason.
China's central bank said it would maintain ample financial system liquidity in the second half of the year as the wo

Published 18 Jun, 2020 11:22pm

Commodities

EU wheat consolidates above three-month low

Spot September milling wheat on the Paris-based Euronext exchange was unchanged on the day at 180.25 euros ($202.10) a tonne at 1603 GMT.

Updated 18 Jun, 2020 09:20pm

Commodities

Wheat drops to lowest since early October on bumper harvest expectations

Corn edged higher, although gains were curbed by forecasts of crop-friendly weather across the US Midwest, while soybeans lost ground.

Published 18 Jun, 2020 07:19pm

Commodities

CBOT soybeans may rise to $8.77-1/4

The contract has finally cleared a key resistance at $8.71-1/4, the 100pc projection level of the wave C. Chances are it may gain more to $8.77-1/4.

Published 18 Jun, 2020 07:01pm

Commodities

Palm reverses gains on concerns over new virus cases, production

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange traded 0.1pc lower at 2,358 ringgit($551.84) a tonne by midday.

Published 18 Jun, 2020 06:58pm

Commodities

Copper rises as China signals economic support; US-Sino talks in focus

Lifting market sentiment was China central bank governor's statement that economic fundamentals remain sound and the government will keep liquidity ample in the second half of this year.

Published 18 Jun, 2020 06:28pm

Commodities

CBOT corn may retest resistance at $3.34-1/2

The resistance is identified as the 114.6pc projection level of an upward wave C from $3.16.

Published 18 Jun, 2020 06:22pm

Commodities

CBOT wheat may bounce towards $4.95 per bushel

A break below $4.87-1/2 could confirm the extension of the downtrend towards the range of $4.81 to $4.84-3/4.

Published 18 Jun, 2020 04:05pm

Commodities

New York coffee may bounce more to $0.9850

The resistance is provided by the 176.4pc projection level on a downtrend from $1.2260.

Published 18 Jun, 2020 04:00pm

Commodities

India's rice output could hit record as farmers expand area

Higher output by the world's biggest rice exporter could dampen domestic prices and make exports more competitive, compensating for lower supplies from rivals Thailand and Vietnam.

Published 18 Jun, 2020 03:58pm

Commodities

Japan buys 76,143 tonnes of food wheat via tender

Japan, the world's sixth-largest wheat importer, keeps a tight grip on imports of the country's second-most important staple after rice.

Published 18 Jun, 2020 03:53pm

Commodities

Gold firms as new virus cases cast shadow over economic recovery hopes

Spot gold was up 0.3pc at $1,731.88 per ounce by 0933 GMT, having earlier hit a near one-week high of $1,736.49.

Published 18 Jun, 2020 03:15pm

Commodities

Oil prices fall as surge in coronavirus cases raises demand concerns

Brent crude futures fell 0.9%, or 37 cents, to $40.34 a barrel at 0423 GMT, having fallen 25 cents in the previous session.
U.S. West Texas Intermediate (WTI) crude futures dropped 1.4%, or 52 cents, to $37.44 a barrel, adding to a loss of 42 cents o

Published 18 Jun, 2020 10:59am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...