Market Pulse - Commodities
Commodities: Base metal futures in tepid recovery; oil and gold falter
Base metals registered lacklustre recovery levels on Wednesday, as oil and gold futures slipped into negative territory yet again in European trading.
Commodities: Oil, precious metals stabilise but copper hits six-year low
Oil and precious metals stabilised on Tuesday, but copper plummeted to a six-year low in European trading over fears of a Chinese slowdown.
Japan Tobacco to buy Reynolds American unit for $5bn
Japan Tobacco has agreed to buy the Natural American Spirit business of Reynolds American Inc (RAI) outside the US for around $5bn.
Commodities: Oil benchmarks shed gains, gold and base metals slide further
Oil benchmarks returned to negative territory on Monday, while gold and base metal futures slid further down as the wider commodities market continued to grapple with weak fundamentals and lacklustre demand from China.
Swiss watchdog probing seven banks over precious metals price fixing
Swiss competition authorities are investigating seven banks over possible price fixing in the precious metals market.
Commodities: Oil up, but gold plummets on Yellen comments
Oil benchmarks continued to post an uptick, but gold declined after US Federal Reserve Chairwoman Janet Yellen raised expectations of an interest rate rise at some point over the remainder of this year.
Commodities: Oil, gold up but base metals head lower yet again
Oil benchmarks recovered from overnight losses on Thursday, while gold spiked and base metal futures remained in negative territory over the European session.
Brazil real under pressure as risk of presidential impeachment increases
The Brazilian real continued to come under pressure amid a worsening political crisis and economic outlook, with some analysts holding out the possibility president Dilma Rousseff might have to face impeachment proceedings.
Fed is chasing wrong targets, following wrong gauges, Stephen Roach says
The US Federal Reserve wants you to believe the economic recovery Stateside is more than it really is.
Oil market riddled with 'unknowns', says Vitol executive
There are several unknowns in the oil market at the moment making it harder to predict the direction of the crude price, according to a senior executive at multinational energy and commodity trading company Vitol.
Commodities: Oil, gold recover but base metals market remains mixed
Oil and gold recovered on Wednesday, but selected base metals remained in negative territory for much of the session as China posted another set of disappointing data.
Citi expects Chinese stimulus will support commodity prices
Despite recent sharp falls, for most commodity prices it was hard to argue that a trough had been reached for the year, according to one of the world’s largest brokers.
Premier Oil says production above full-year guidance
Premier Oil said year-to-date production had averaged 57,100 barrels of oil equivalent per day (kboepd), above full-year guidance.
Commodities: Oil, metals futures head lower in Europe
Oil and metal futures were in negative territory for much of the Asian and European sessions on Tuesday, with persistent volatility showing no signs of easing up.
Brazilian real weakens past four dollar mark, scant rebound seen by Capital Economics
The Brazilian currency fell past the four US dollar mark on Tuesday afternoon after having surrendered half of its value versus the Greenback since 2013, returning it to levels not seen since 2003.
Credit Suisse downgrades Anglo American, sees cut to divi
Until final demand from China and emerging market currencies find a bottom it will continue to be hard to set a floor for commodity prices, one of the world’s largest brokers believed.
BHP Billiton may issue new hybrid debt instruments
Miner BHP Billiton will undertake a global debt investor marketing effort across Europe, Asia and the US from 28 September as it considers raising new funds for general corporate purposes, including refinancing existing near-term debt maturities.
Bank of Canada's Poloz plays down risks of dramatic slowdown in China
Speaking on Monday Bank of Canada Governor Stephen Poloz played down fears of a "dramatic slowdown" in China's economy.
Commodities: Oil sees another uptick, silver leads precious metals
Oil markets reversed some of the previous week’s decline on Monday, as the European session saw both Brent and WTI post upticks, while silver was seen leading the precious metals trade, as gold slipped lower with the boost from last Thursday's decision by the US Federal Reserve to hold back interest rates having subsided.
Commodities: Oil benchmarks head lower, gold up after US Fed decision
Oil benchmarks slipped lower in early European trading on Friday, while gold markets registered gains after the US Federal Reserve held back from hiking headline interest rates.