Trends - Commerzbank - Business Recorder

Markets

Arabica coffee slides to 1-1/2 month low, cocoa also plunges

Rains are expected in Brazil coffee areas from April 4, which could improve conditions for final stage of beans growth before the harvest.

Published 31 Mar, 2021 01:22am

Markets

Sterling falls versus stronger dollar, stabilises versus euro

The UK's 2-year gilt yield also rose in early trade on Tuesday, up as much as 3 basis points at the 8-day high of 0.112pc.

Published 31 Mar, 2021 01:00am

Markets

Gold falls in Europe

LONDON: Gold slipped more than 1% to an over two-week low on Monday as a firm dollar and rising US Treasury yields...

Published 30 Mar, 2021 05:45am

Markets

US MIDDAY: Gold slides

NEW YORK: Gold slipped more than 1% to an over two-week low on Monday as a firm dollar and rising US Treasury yields...

Published 30 Mar, 2021 05:45am

Markets

Gold slides over 1pc as dollar, yields advance

Spot gold fell 1.1pc to $1,713.52 per ounce by 12:38 p.m. EDT (1638 GMT). U.S. gold futures fell 1.2pc to $1,711.60.

Updated 30 Mar, 2021 12:01am

Markets

German 10-year yield falls to February low as pandemic concerns weigh

The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.

Published 25 Mar, 2021 11:48pm

Markets

Gold gains in tug-of-war between lower yields and firm dollar

U.S. benchmark Treasury yields continued their dip, translating into lower opportunity cost of holding bullion, after scaling one-year highs last week.

Updated 26 Mar, 2021 12:05am

Business & Finance

Commerzbank board member resigned over cum-ex trading investigation

Commerzbank's largest shareholder, the German government, lost confidence in Schmitz, who resigned following a meeting of supervisory board members on Wednesday, some of the people said.

Published 25 Mar, 2021 08:00pm

Markets

European stocks muted as new lockdown outweighs strong business activity data

"COVID management is a bumpy road. We nevertheless think that recovery will be quite strong in the second half of the year."

Updated 25 Mar, 2021 12:06am

Business & Finance

Dollar rises in Europe

LONDON: The US dollar firmed on Wednesday with 10-year Treasury yields hitting fresh 13-month highs ahead of a...

Published 18 Mar, 2021 03:56am

World

Germany’s AstraZeneca move could stymie recovery: economists

BERLIN: Germany’s decision to suspend AstraZeneca’s COVID-19 vaccine could delay progress in reaching herd...

Updated 17 Mar, 2021 09:44am

Business & Finance

Commerzbank says chairman steps down for health reasons

Chairman had joined Commerzbank last year.
Resignation kicks off search for new chair.
Commerzbank going through major restructuring.

Updated 16 Mar, 2021 10:00pm

Markets

Former Commerzbank CEO launches fintech SPAC in Amsterdam

The SPAC of Blessing, a former co-president of UBS' Global Wealth Management unit, comes on the heels of former UniCredit boss Jean-Pierre Mustier's announcement to list a shell company in Europe.

Published 15 Mar, 2021 02:57pm

Business & Finance

German yields rise with US treasuries as ECB impact fades

AMSTERDAM: Benchmark German government bonds gave up gains made a day earlier when the European Central Bank said it...

Published 15 Mar, 2021 05:22am

Markets

Latam FX surge as ebbing inflation fears boost risk appetite

Risk appetite got a boost after tepid underlying consumer prices data from the United States on Wednesday eased concerns about a likely surge in inflation from large stimulus packages, which had hammered markets in recent days.
Brazil's central bank said it would sell up to $1 billion in currency swaps on Thursday, extending its recent intervention in the foreign exchange market to support the depreciating currency.

Updated 11 Mar, 2021 10:04pm

Markets

Euro zone bond yields stabilise; markets focus on ECB policy hints

The spread between Italian and German 10-year yields narrowed, to 101.3 bps.

Updated 03 Mar, 2021 03:00pm

Markets

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.

Published 23 Feb, 2021 09:11pm

Markets

Copper leaps to 9-year high

LONDON: Copper rose to its highest since April 2012 on Thursday as Chinese investors returning from a week-long...

Published 19 Feb, 2021 04:07am

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

BERLIN: Germany’s second-largest lender Commerzbank said Thursday it hopes to return to an operating profit in ...

Published 15 Feb, 2021 04:53am

Markets

Gold slips, platinum rally pauses in Europe

LONDON/ROTTERDAM: Gold slipped as the dollar rebounded on Friday while platinum took a breather after expectations ...

Published 13 Feb, 2021 04:11am

Business & Finance

Bitcoin clings to Tesla gains in Europe

LONDON: Bitcoin hovered close to record highs on Friday, set for gains of over 20% in a milestone week marked by the...

Published 13 Feb, 2021 04:11am

Markets

European shares surge

• AstraZeneca rises as it sees growth picking up • Commerzbank tumbles as quarterly loss deepens • Credit...

Published 12 Feb, 2021 04:54am

Markets

Platinum hovers near 6-year peak in Europe

• Gold listless, silver up 0.6pc LONDON/ROTTERDAM: Platinum extended its gains into a fifth straight session on...

Updated 12 Feb, 2021 11:47pm

Business & Finance

Commerzbank reports $3.3bn loss as it counts cost of restructuring, pandemic

The bank had already flagged a large annual loss.
Commerzbank sees lower revenue in 2021.
Can't yet say if it will be back in the black in 2021.
Lender eyes swiftly closing branches, cutting jobs.
Shares down 6.9%.

Updated 11 Feb, 2021 09:26pm

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

It added that it planned to raise its operating profits to around 2.7 billion euros by 2024, and resume dividend payments from 2023.

Published 11 Feb, 2021 05:54pm

Markets

Commerzbank reports $3.3 billion Q4 loss amid restructuring

The figures come a week after Commerzbank Chief Executive Manfred Knof finalized plans for the radical overhaul and a month after he took the reins of Germany's No. 2 bank.

Published 11 Feb, 2021 12:09pm

Markets

Copper rises to one-month high

LONDON: Copper hit a one-month high on Tuesday due to a weaker dollar, optimism over a $1.9 trillion stimulus ...

Published 10 Feb, 2021 04:12am

Business & Finance

Dollar struggles; bitcoin soars in Europe

LONDON: The US dollar was firmly pinned at a one-week low on Tuesday as an overnight slide in US Treasury yields...

Published 10 Feb, 2021 04:12am

Markets

Tin prices slip from multi-year high

LONDON: Tin prices fell on Thursday but remained near their highest since 2014 because of an acute shortage of...

Updated 05 Feb, 2021 11:47pm

Markets

White sugar futures slip back, cocoa down

LONDON: White sugar futures on ICE were lower on Wednesday, easing back after reaching a near four-year peak in the...

Published 04 Feb, 2021 04:13am