News Archives for Markets - 2020-12-17

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Commodities

Copper pushes towards highest since 2013 with $8,000 in sight

Investors bought riskier assets across the board, sending global equities to new peaks, oil prices to a nine-month high and the dollar to its weakest since April 2018.

Published 17 Dec, 2020 08:06pm

Commodities

Palm tracks rise in rival oils, firmer ringgit caps gains

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed 12 ringgit higher, or 0.4pc, at 3,377 ringgit a tonne.

Published 17 Dec, 2020 06:22pm

Commodities

Gold jumps 1pc on dollar slide, U.S. stimulus progress

Spot gold was up 0.5pc to $1,874.14 per ounce at 1030 GMT, having hit a near one-month high of $1,882.76 earlier in the session. U.S. gold futures were up 1.1pc to $1,878.50.

Published 17 Dec, 2020 06:08pm

Commodities

Raw sugar edges up as dollar weakens, coffee also higher

The dollar fell to its lowest in more than two years against the pound and euro on Thursday.

Published 17 Dec, 2020 04:46pm

Commodities

Asia Coffee-Vietnam supply steady but trade subdued, Indonesia quiet

Rabobank on Monday expected Vietnam's production in 2021/22 to increase by 5% to 30.3 million bags of 60 kg each.

Published 17 Dec, 2020 12:33pm

Commodities

Jordan tenders to buy 120,000 tonnes feed barley

A new tender had been expected after Jordan made no purchase in its previous barley tender also seeking 120,000 tonnes on Tuesday.

Published 17 Dec, 2020 12:27pm

Commodities

Rio Tinto taps insider Stausholm for CEO in surprise pick after cave destruction

A parliamentary inquiry has called on Rio to pay restitution to Indigenous Australians affected by the destruction and also fully reconstruct the rock shelters.

Published 17 Dec, 2020 12:25pm

Commodities

Will China boost corn output or become a permanent importer?

But around April this year, the country's corn prices began to rise. Between May and September, the ministry held several reserve auctions, which were cleaned out almost every time despite the high costs.

Published 17 Dec, 2020 10:49am

Commodities

Soybeans edge higher on concerns over South America crop

US soy processors crushed 181.018 million bushels of soybeans in November, their third-largest monthly crush on record, the National Oilseed Processors Association said.MARKET NEWS

Published 17 Dec, 2020 10:20am

Commodities

Copper advances as investors eye further US stimulus

LME aluminium rose 0.5% to $2,044.50 a tonne, zinc advanced 0.4% to $2,842 a tonne .

Published 17 Dec, 2020 09:43am

Commodities

Palm extend gains tracking rival oils

US soybean futures edged higher as concerns over production in South America supported prices.

Published 17 Dec, 2020 09:37am

Commodities

China steel futures at near one-week high on demand optimism

However, iron ore on the Singapore Exchange slipped 0.4% to $154.25 a tonne after strong recent gains.

Published 17 Dec, 2020 09:35am

Commodities

Gold near 1-week high on growing prospects of US stimulus

Britain and the European Union have moved closer to sealing a new trade deal but it was still unclear if they would succeed, the bloc's chief executive said on Wednesday.

Published 17 Dec, 2020 08:48am

Commodities

Gold price increases

KARACHI: Gold price on Wednesday soared by Rs 750 per tola on the local market, traders said. This fresh increase ...