Market Pulse - Commodities
Bonds: Lloyds moves to redeem some of its outstanding enhanced capital notes
These were the movements in some of the most widely-followed 10-year sovereign bonds yields:.
S&P downgrades Azerbaijan´s sovereign debt to 'junk'
Ratings agency Standard&Poor´s on Friday downgraded its rating on oil-producing Azerbaijan´s long-term sovereign debt to 'junk'.
Commodities: Oil futures head sideways, gold recovers
Oil futures stayed within the $32-34 per barrel range on Friday, as conflicting market chatter about possible production cuts loomed large over proceedings for a second successive session, while precious metal futures gained some ground following tepid US economic data.
Stay long cash on a 'tactical' basis, BofA Merrill says
Don´t be fooled, the flow of money into and out of the different asset classes over the latest week continued to show a clear 'deflationary' mind-set, despite the better tone to markets seen at the end of January, Bank of America-Merrill Lynch´s Michael Hartnett said in a research note sent to clients.
Oil output cut only possible if all exporters agree, Russian energy minister says
A decision to cut oil output must include all exporting nations and Saudi Arabia had not approached Russia on the subject since November 2015, Russian energy minister Alexander Novak told Bloomberg TV.
Meeting between OPEC and countries outside cartel should be at expert level, delegate says
A hypothetical meeting between the Organisation for Petroleum Exporting Countries and nations from outside the cartel should be at the expert level, not ministerial, and would take place in February or March, if at all, a report citing Reuters said.
Yuan weakness inevitable after BoJ´s decision to cut rates
The Bank of Japan´s decision on Friday to cut interest rates made further weakness in the Chinese currency "inevitable" - especially versus the Japanese yen - and smacked of "total desperation", a well-regarded strategist said.
Oil higher amid contradictory reports on possible output cuts
Oil futures registered sharp gains amid contradictory reports regarding possible plans to reduce oil output by the Organisation for Petroleum Exporting Countries, in coordination with producing nations from outside the cartel, mainly Russia.
Commodities: Oil futures continue to inch higher
Oil futures continued to inch higher on Thursday, amid conflicting market chatter of possible production cuts, while precious metals saw lacklustre trading following the US Federal Reserve’s decision to maintain status quo.
Saudi Arabia approaches Russia about oil output cuts, report claims
Saudi Arabia approached the Russian Federation about possible oil output cuts within the framework of the Organisation for Petroleum Exporting Countries, Transneft chief Nikolai Tokarev said on Wednesday, according to a report from TASS.
Commodities: Oil futures hold above $31/bbl even as US stockpiles rise
Oil futures stayed well clear of $31 per barrel mark on Wednesday, despite registering declines for much of the Asian and early European session.
Europe close: Stocks rise ahead of Fed announcement
European stocks finished higher following a weak start to trading on Wednesday ahead of the US Federal Reserve’s interest rate announcement and as crude oil futures bounced back.
US oil stockpiles jump in latest week, DoE says
US crude oil stockpiles jumped by 8. 4m barrels over the week ending on 22 January, according to the Energy Information Administration, the Department of Energy´s statistical arm.
Another setback for Xtract Resources at Chile facility
Xtract Resources was looking at another setback at its Chipeca Gold Mine in Chile on Wednesday, a month after two fatal accidents saw its processing plant operations there temporarily suspended by authorities.
Bonds: Investors wait on US Fed amid rebound in oil futures
These were the movements in some of the most widely-followed sovereign bond yields:.
Commodities: Oil futures seesaw either side of $30/bbl mark
Oil futures continued to lurk either side of $30 per barrel mark on Tuesday, initially dipping to $29 following early short calls in Singapore, before recovering over the second half of the European session.
Gold may be set to edge higher if US yield curve flattens
Lower interest rate expectations Stateside might help to prop up gold prices and support a move higher, one of the world´s largest brokers said.
Commodities: Oil futures fail to maintain Asian bounce
Oil futures headed lower on Monday, after failing to sustain a jump to $33 per barrel in Asian trading.
Russian economy falters on lower oil prices
Russia's economic growth fell 3. 7% on an annualised basis in 2015, down from a growth rate of 0. 6% the year before, according to preliminary data released by the country's statistics office on Monday.
Hedge funds take profits on bearish bets on oil
Speculative positions on West Texas Intermediate crude oil fell sharply last week, according to the latest data from the US Commodities Futures Trading Commission, as hedge-funds took profits following the recent crash in prices.