Market Pulse - Commodities
Investors retreat from commodities ETFs as sell-off continues
Investors are pulling money out of commodities exchange traded funds (ETFs) at the fastest pace on record, as the wider market slump continues.
Talks to secure nuclear deal with Iran could be extended
The deadline for talks to secure a nuclear deal between Iran and global powers could be extended until after Easter if no concrete agreement is signed on Tuesday, the official deadline.
Impact of carbon policies is rising globally, Moody's says
Implications of carbon reduction policies are rising globally, creating credit risks for carbon intensive industries but, at the same time, driving significant innovation and change across many sectors, according to Moody’s.
Australian stocks stage recovery after dire start to the week
Australian mining and energy stocks rallied on Tuesday after a poor start to the week in wake of Monday’s commodities sell-off.
Commodities: Gold slides as dollar strengthening continues
Gold prices slid on Monday as investors continued to be concerned about the strengthening dollar. Gold for June delivery dropped 1. 3% to $1,185. 30 an ounce.
Asia: Most indices higher but ASX falls on commodities price decline
Asian stocks enjoyed a positive start to the week with boosted by China's hints on introducing further economic stimulus measures. However, Australian stocks declined on weaker commodities prices.
China's central bank eases mortgage policies for homeowners
China’s central bank eased its mortgage policies on Monday in a bid to induce more buyers to pile into the country’s ailing housing market.
Oil tumbles back to cyclical lows in Asian trading
Market participant's perceptions of an oversupplied market sent oil tumbling back to cyclical lows in Asian trading on Monday, as concerns over geopolitical risk receded.
Total sells $539m Nigerian oilfield stake
French oil major Total has sold its stake in an onshore oilfield in Nigeria for $569 million, the company confirmed on Monday.
Commodities: Gold, oil and iron ore prices fall in wake of strengthening dollar
Gold prices slid on Friday as investors became concerned about the strengthening dollar. Gold for April delivery dropped 0. 5% to $1,199. 80 an ounce.
Oil markets slump back as risk-driven spike recedes
Oil markets slipped back into the red on Friday, as the overnight geopolitical risk-driven price spike failed to provide meaningful support to prices.
Egdon excited after Wressle's Penistone tests show evidence of column
Egdon Resources said the results of flow tests at Penistone Flags, its 25% owned Wressle-1 oil and gas discovery near Scunthorpe indicated the presence of an oil column below the gas zone.
Goldman Sachs beats JP Morgan to commodities trading top spot
Goldman Sachs has beaten investment banking rival JP Morgan to claim the accolade of the largest bank by commodities revenue, after the latter divested its raw materials business.
Louis Dreyfus Commodities has no plans for an IPO, majority owner says
Privately held agricultural commodities trader Louis Dreyfus Commodities has no plans for an initial public offering (IPO), according to its largest stakeholder.
Australian mining row escalates as iron ore prices continue to slip
The ongoing row in Australia about how to handle declining iron ore prices escalated with the Chairman of Fortescue Metals Group urging his competitors to “cap production” and support prices.
Chilean mine closures support copper prices
Copper prices reversed overnight losses and found support on the back of mine closures in Chile.
Crude oil back in the red ahead of US data release
Oil prices slipped yet again in Asian trading on Wednesday ahead of a stockpile data release which could point to a rise in US supply.
Oil and gas sector M&A deal volumes slid in 2014, says EY
Volume of mergers and acquisitions in the oil and gas sector slid further over 2014, even though headline deal valuation rose, according to Ernst & Young.
Total seeks $15b from Chinese investors for Russian LNG project
French oil major Total has approached Chinese investors to part finance a $15bn Russian gas project, as sanctions on Russia continue to make financing from western markets harder.
Oil drops on weak Chinese manufacturing PMI data
Oil benchmarks slid in early Asian trading on Tuesday following weak manufacturing data from China.