Market Pulse - Commodities
Commodities: Crude bounds ahead on hopes of a November output cap by OPEC
Crude oil futures bounded ahead on Monday as traders hoped for OPEC to introduce a production cut when it next meets on 30 November, and as the US dollar retreated.
Government spending has a role to play in fostering sustained growth, Fed´s Fischer says
Increased government spending might have a role to play in promoting sustained economic growth in the US, the central bank´s second-highest ranking decision-maker said.
Iraq oil minister confident of OPEC deal
Iraq's top oil official said on Friday that he is "optimistic" about the Organisation for Petroleum Exporting Countries (OPEC) reaching an agreement to cap production levels of the commodity.
Commodities: Crude lumbers ahead on renewed hopes of OPEC production deal
Crude oil futures nipped higher on Thursday afternoon as hopes took hold in the market that OPEC will strike a production deal at its November meeting in Vienna.
Commodities: IEA warns of another boom-bust cycle in oil
Commodities were broadly lower as the US dollar notched up fresh multi-year highs, even as analysts sounded a bullish note on oil and gold.
Saudi Arabia warns Trump of impact against blocking oil imports
US president-elect Donald Trump has been warned by Saudi Arabia that his policy of blocking oil imports into the country will have a significant impact on the global economy.
Macquarie raises copper price forecasts, boosts target prices for miners
Analysts at Macquarie hiked their target prices for a raft of miners due to the "acute" sensitivity of the pure copper plays and the majors to the price of that metal.
Commodities: Crude charges north on hopes of OPEC output cut
Crude oil futures are charging more than 3% higher on Tuesday afternoon amid renewed hopes and some jawboning on whether cartel OPEC will cut output when it meets later this month, helping to alleviate the chronic global supply glut.
2016 set to break record for world's warmest year
Scientists are confident that 2016 is set to be the warmest year on record globally, as fears grow that the recently introduced Paris Agreement could be in jeopardy after the election of Donald Trump as US president last week.
Data shows China economy set to slow in 2017, Capital Economics says
Chinese activity continued to recover in the fourth quarter but was set to slow in 2017, economists said, as measures to dampen the real estate sector weighed on the economy.
Commodities: Oil flops on production jitters as gold tumbles
Crude oil futures were firmly lower on Friday afternoon as OPEC revealed yet another spike in output for October, with safe-haven gold declining as US election uncertainties abate.
Emerging market-focused stocks battered
Financials with exposure to emerging markets, such as StanChart, Aberdeen Asset Management and Ashmore Group were near the bottom of the pile, amid worries of capital outflows from emerging markets as US interest rates climbed higher, in part on the prospect for increased fiscal spending Stateside.
Fund managers stay put on cash after US elections, BofA-ML survey shows
Many of the world’s largest fund managers said they were shifting funds towards the S&P 500 following the result of the 2016 US elections, but in a possible sign of caution, the majority opted to stay put on their accumulated cash piles.
OPEC ramps up production in October, Brent futures skid lower
The world’s largest oil producers of ramped up their output in October, hitting hopes for a joint -agreement to prop up prices.
Chinese credit growth slows down in October
Chinese credit conditions tightened in October as so-called total social financing expanded by 896. 3bn yuan in October, following a surge of 1. 72trn in the month before.
Commodities: Crude schleps south amid spectres of oversupply, slowing growth
Crude oil futures continued their southbound schlep on Thursday afternoon as traders remained haunted by the twin spectres of oversupply and slowing global growth.
Commodities: Gold, metals fly on defensive appeal after Trump win
Metals futures were mostly higher in the aftermath of US President-elect Donald Trump's ballot-box win over Democrat wannabe Hillary Clinton, with safe-haven gold doing especially well.
Commodities: Crude futures falter as US enters election end-game
Crude-oil futures are on the back foot on Tuesday afternoon with metal prices surging north as global markets take a deep breath ahead of the US elections entering their end game.
Total reaches $4.8bn deal with Iran to develop gas field
A group led by French oil giant Total has signed a $4. 8bn deal with Iran to develop part of a gas field in the country.
Commodities: Crude oil advances, OPEC chief says Russia on board
Crude-oil futures were on the front foot on Monday afternoon, but remain well below $50 a barrel despite being helped by some positive risk appetite ahead of the US presidential election.