Market Pulse - Commodities
Israeli PM: Iran nuclear deal is a "bad mistake of historic proportions"
Israeli Prime Minister Benjamin Netanyahu has criticised the deal over Iran's nuclear programme, describing it as "a mistake of historic proportions. ".
IAEA confirms deal over Iran's nuclear programme
The International Atomic Energy Agency (IAEA) has signed a deal with Iran aiming to resolving the outstanding issues over the country’s nuclear programme by the end of the year.
Iran diplomats are confident of reaching a nuclear agreement by Tuesday, AP says
Commodities: Base metals recover in Europe, but oil benchmarks slip lower
Base metals recovered ground despite weak market fundamentals, while oil benchmarks stayed low in European trading on Monday, following news of a possible resolution to the Greece debt crisis and China’s aggressive intervention to arrest its equities sell-off.
Commodities: Oil, base metals slip back into the red in European trading
Respite for oil and base metals futures proved short-lived as both markets retreated back into negative territory in European trading on Friday.
Commodities: Oil, base metals recover in European trading but iron ore continues to slide
Oil and base metals markets were calmer on Thursday with selected commodities futures contracts partially reversing heavy declines seen for much of the trading week.
Iran optimistic on nuclear deal, US much less so
Iranian president Hassan Rouhani was optimistic an agreement on his country's atomic programme could soon be reached even after US President Barack Obama earlier in week put the chances of a deal "below 50-50. ".
Commodities: Base metals, oil market rout continues in Europe
Oil and base metals prices continued to slide in European trading on Wednesday, with the Chinese economy heading for a correction and worries about a Greek debt default spooking traders.
Market overview: Stocks sell off as S&P 500 tests technical support
1630:Close Stocks registered sharp falls after the IMF warned the US Federal Reserve to hold off on raising interest rates until the first half of 2016. That came as today’s Eurogroup ended with no agreement between Greece and its creditors, without the Mediterranean country having presented any new proposals and talk of Grexit ramping up. Gilts jumped, alongside gains in US Treasury notes and European sovereign bonds, including those from the periphery. Selling in US-listed Chinese companies’ shares was also noted.
Commodities: Oil slips further in European trading, base metals slump continues
Oil and base metal futures continued to register declines in European trading on Tuesday, as the Chinese equities sell-off spooked global investors, alongside persistent concerns over stunted economic activity in the country and supply-global demand scenarios.
Analysts see more downside on oil futures
Oil futures bounced back after the previous day’s sharp falls but analysts warned there might be some more downside still to come.
Commodities: Base metals, oil benchmarks register sharp declines in Europe
Base metals and oil benchmarks traded sharply lower in Europe on Monday, thereby extending short calls in Asian trading, on concerns about Chinese economic growth and the Greek debt situation spiraling out of control.
BP's outlook upped to 'positive' by Moody's on proposed US settlement
Ratings agency Moody’s has changed BP’s ratings outlook to 'positive' following the oil major’s announcement of an $18. 7bn agreement in principle to settle all the main US federal, state and municipal claims against its wholly-owned subsidiary, BP Exploration and Production (BPXP), related to the Macondo accident and subsequent Gulf of Mexico oil spill of April 2010.
Early results in Greferendum show clear lead for 'no', euro drops
Early results from Sunday´s referendum in Greece over whether to accept international creditors´ demands for reaching an agreement on the terms of a bail-out showed the 'no' camp clearly in the lead.
Commodities: Base metals back in the red, oil continues to slide
Respite in the base metals market proved short-lived, while oil benchmarks continued to trade lower in European trading on Friday.
Commodities: Oil stabilises in Europe, base metals in limp recovery mode
Oil benchmarks staged a minor recovery in Europe on Thursday, after heavy declines overnight sent both Brent and WTI plummeting to levels last seen in April, as a US stockpiles report pointed to a rise crude oil inventories.
Commodities: Oil trades lower in Europe, base metals turn a corner
Oil benchmarks continued to slip in European trading on Wednesday, as confusion persisted over the eventual outcome of the Greek debt crisis talks, with a sovereign default being the most feared outcome.
IAEA chief to fly to Tehran in hopes of agreement
The United Nations (UN) nuclear watchdog, the International Atomic Energy Agency (IAEA) on Wednesday said its chief Yukiya Amano would fly to Tehran to discuss some crucial elements of the deal between Iran and six world powers.