Market Pulse - Commodities
Greatland Gold may have found 'multiple million ounce' gold deposit
Explorer Greatland Gold said analysis of samples from recent drilling at its Ernest Giles project in Western Australia suggested there may be "multiple million ounce deposits" of gold.
Commodities: Saudi energy chief eyes end to OPEC supply curbs
Falling energy futures dragged the commodities complex lower on Wednesday.
Mexican peso, Canadian Loonie hit by report US to re-open NAFTA deal
Mexico´s peso hit a fresh record low on Wednesday evening after The Globe and Mail reported that incoming US trade chief Wilbur Ross had notified the Canadian government of the new American administration´s intention of renegotiating two key pieces of the 1994 North American Free Trade Agreement.
Brent crude futures fall as IEA chief forecasts higher supplies
Then current oil prices would definitely trigger a "strong" supply response from US alternative oil producers, the chief of the rich-world´s energy watchdog said.
Commodities: Trump remarks spark renewed gains for gold, silver
Commodities were weaker nearly across the board, outside of copper and natural gas futures, on the heels of remarks from the US president-elect which acted as a drag on the dollar.
HSBC lifts target prices on diversified miners
HSBC revised its target prices higher for the largest of the diversified miners, telling clients it now expected a decline in commodity prices to be less pronounced that it had previously foreseen.
Chinese full-year trade surprlus shrinks for first time since 2011
Chinese trade was weaker than expected in December - a result which some economists labelled "concerning" - leading to the first shrinkage in the full-year surprlus since 2011.
Commodities: Brent futures gain as Saudi cuts output
Gains for metals and various energy futures pushed commodities' prices higher against a backdrop of US dollar weakness after the President-elect disappointed some in the markets hoping for further details on his economic plans in a speech on the previous day.
Premier Oil reaches agreement with lenders
Premier Oil announced that its lenders have agreed the terms of refinancing its $2. 8bn (£32. 28bn) debt, with approval scheduled for early February.
Sector movers: Telecoms, cyclicals lead advance
Telecommunication and industrial shares led gains as the Footsie jumped higher as cable slipped back towards its post-Brexit lows following the release of weaker-than-expected UK trade data for the month of November.
US crude oil inventories surge in latest week, DoE says
US crude oil and product inventories jumped sharply at the start of the year, amid a surge of imports.
Commodities: Metals buoyed by stronger than expected Chinese price data
Commodities were well bid as higher-than-expected factory price data out of China referencing the month of December boosted the price of many metals.
Sector movers: Chinese data stokes buying in mining stocks, Kaz rockets
Miners and grocers vied for the top slot on the leaderboard on Tuesday with brokers weighing in with positive remarks on the former while the latter group received a boost in the form of a positive trading update from Morrison.
UBS and Citi differ on gold price outlook
Markets will need more evidence that the US economy is about to accelerate before pushing bond yields and the dollar higher, which should allow the price of gold to continue trending higher, UBS said.
Commodities: US rig count, Iraqi output weigh on crude oil futures
Data showing continued increased US oil and gas exploration activity weighed on energy futures, more than offsetting a tailwind from a slight retreat in the US dollar.
Pound falls to two-month low on Theresa May's hard Brexit comments
Sterling has been knocked to a two month low after traders interpreted comments from Theresa May as confirming the government is continuing to direct the country towards a 'hard Brexit' from the European Union.
Commodities: Precious metals bolstered by US dollar weakness
A second day of gains for the Chinese yuan halted US dollar strength, boosting the prices of most commodities, particularly precious metals.
Commodities: Gains in oil futures cut short, natural gas plummets
Commodities started the year in the red after early strength in crude oil futures crumbled in the face of renewed gains in the greenback.
China factory sector activity hits 71-month high in December, PMI shows
Activity in China´s factories picked up to its fastest pace since January 2013 at the end of the year as new orders from domestic clients piled up, leading to sharp price pressures.