Market Pulse - Commodities
Commodities: Crude careens to lows on glut fears as gold surges
Crude oil futures are firmly under the hammer as West Texas Intermediate (WTI) prices careen to three-month lows on global glut fears, while gold again shot up on dollar weakness and its safe-haven appeal.
Commodities: Gold in crisp focus as BoJ convenes, may yet nudge higher
Gold is in crisp focus on Thursday and may yet nudge higher in coming sessions, in the aftermath of the US Federal Reserve standing pat on rates late on Wednesday and as Bank of Japan's policy meeting continues.
Commodities: Crude flops as US inventories' buildup surprises traders
Crude oil futures flopped on Wednesday afternoon following confirmation of a surprise buildup in US inventories amid a global supply glut already spooking investors.
Commodities: Oil prices falter on glut fears as cable dips
Crude-oil futures trotted moderately lower on Tuesday as market concerns over persistent global oversupply of the black liquid encouraged bearish traders to sell.
US crude oil stockpiles decline in latest week, DoE says
US oil inventories decreased last week, as did those for some of the main oil products.
Macquarie expresses preference for Rio Tinto over BHP after Q2 production update
Analysts at Macquarie reiterated their 'outperform' stance on shares of Rio Tinto following the mining group´s second quarter calendar year production update.
Commodities: Dollar strength amid weak data, cautious forecasts weighs on prices
Commodities retreated as investors pushed the US dollar to a four-month high and the International Monetary Fund opted to take an optimistic view on the likely impact of Brexit, even while cautioning that its forecast assumed Britain and the European Union would avoid a “large increase in economic barriers”.
Sector movers: Real estate, Oil&Gas pace gains, mining down
Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year.
Federal Reserve more confident of rate hike before year-end, Fed watcher says
The US central bank might raise interest rates again in coming months if the economic data Stateside 'held up', a widely-followed Fed watcher said.
Commodities: Oil, steel-related futures fall
Commodity markets were little changed overall despite a move lower in energy futures.
Herencia Resources close to sale of Paguanta project
Herencia Resources was close to clinching the sale of one of its mining projects as it continued to look for funding amid one of the worst market periods for junior resource companies, the company said in its annual report.
Bayer raises bid for Monsanto
German chemicals giant Bayer raised its bid for US rival Monsanto against a backdrop of intense negotiating activity between companies in the sector.
Commodities: Oil drops sharply as inventories continue rising
A retreat in crude oil futures weighed on the commodities complex on Wednesday amid a host of bearish factors.
Oil futures fall after DoE data reveal smaller than expected inventory drop
Crude oil inventories Stateside fell by less than expected last week, pushing crude oil futures over the edge.
Sound Energy announces potentially very material success at Tendrara
Sound Oil gave investors a reason to cheer at the start of the week as company boss James Parsons announced an "early and potentially very material success" at one of the oil and gas explorer´s three strategic plays.
Berenberg reiterates sell on Antofagasta
Antofagasta´s full-year copper production was likely to fall short of its estimates despite the company´s efforts, Berenberg said, leading its analysts to reiterate their 'sell' recommendation on the stock.
Commodities: Metals mixed after US non-farm payrolls as softs, grains rise
Metals futures were overall mixed on Friday as traders pondered what next in the UK's ongoing Brexit saga, and also the US Federal Reserve's future rates stance after that country's surprisingly strong non-farm payrolls data for June.
Commodities: Gold, silver dip after FOMC, ahead of US non-farm payrolls
Gold, silver and copper futures dipped Thursday after their recent run-up, as expectations of a US rate rise in 2016 dried up and traders began looking to the market-sensitive US non-farm payrolls data out on Friday.
European Metals Holdings pleased with PSn13 drill hole results
European Metals Holdings is pleased with results from the PSn13 drill hole, which returned a main mineralised intercept of 167. 1m averaging 0. 36% lithium oxide.
Commodities: Gold, silver northbound on investor dash to safety
Gold and silver futures again trended higher as spooked investors resumed their rush to perceived safe-haven assets against a falling pound and now-chronic Brexit fears.