Market Pulse - Commodities
Commodities: Crude ends Q1 2017 well down as global glut continues
Crude-oil futures are a little lower on Friday afternoon, also ending the first quarter of 2017 some distance below where they began as the black liquid's global glut continues.
Europe close: Basic Resources, Oil&Gas lead gains
European equity markets added to their first quarter tally, with shares in Basic Resources and Oil&Gas spearheading the advance even as the single European currency came under selling pressure on the back of weaker-than-expected readings on inflation in Germany and Spain and hawkish Fedspeak.
Sector movers: Industrial engineers, miners jump at quarter-end
Cyclicals were clearly in favour heading into the end of the first quarter, on the back of positive analyst chatter out of some of the top brokers in the world and as prices for most key industrial metals reversed their losses seen in overnight trading.
Commodities: Crude's gains likely limited as traders begin re-focusing on Opec curbs
Crude-oil futures continued to advance on Thursday but gains are likely limited as traders turn their attentions back to Opec production curbs.
Genel Energy widens FY loss, announces minimum $50m bond buy-back
Genel Energy's shares are ahead more than 8% after it posted a slightly wider full-year pre-tax loss, and announced a minimum $50m bond buy-back.
HSBC named as international adviser for Saudi Aramco IPO
The world's largest corporate formally appointed its international advisers as it made preparations for its market debut.
WTI futures rise after weekly US oil stockpile data
Weekly US oil inventories rose slightly during the latest reference week, albeit alongside sharp drops in product stockpiles.
Commodities: Crude makes modest gains with Libya, UAE, Opec output in focus
Crude-oil futures made modest gains on Wednesday as the black liquid benefited from supply distributions in Libya, a drop in March production from United Arab Emirates (UAE) and speculation of cartel Opec extending its 2016 output pledges.
No end in sight for iron ore supply glut, BHP warns
BHP Billiton iron ore chief Edgar Basto has warned that the supply of low-cost seaborne iron ore is expected to grow faster than demand, but assured that company is well-positioned to continue to grow value and shareholder returns.
Rand recoils as Zuma recalls finance minister
South Africa's rand tumbled sharply on Monday after finance minister Pravin Gordhan was recalled by President Jacob Zuma.
Commodities: Crude trades sideways as traders look to Opec's Sunday meeting
Crude-oil futures traded essentially sideways ahead of Opec's meeting on Sunday, with traders already nervous about the global glut of the black liquid looking for a further production-cut pledge from the cartel.
Royal Dutch Shell sells Gabon interests for $1bn
Oil giant Royal Dutch Shell is to sell its onshore interests in Gabon to Assala Energy, a portfolio company of Carlyle Group, for up to $1bn.
End of BHP's Escondida strike does not impress market much
Striking workers at BHP Billiton's Escondida mine in Chile agreed to end their 43-day industrial action on Thursday, but management are reportedly unhappy and analysts were unimpressed.
Commodities: Gold a snip ahead with risk aversion potentially driving further gains
Gold was pricing a snip higher on Thursday afternoon with present risk aversion in the market potentially able to lift the nil-yielding precious metal higher in the short term.
Fitch downgrades Saudi Arabia over reform doubts
Ratings agency Fitch has downgraded Saudi Arabia's sovereign debt rating to 'A+' from 'AA-' as it expressed major doubts about the government's financial reform programme.
Commodities: Crude prices tumble after US inventories build; Brent peeps below $50
Crude-oil futures are strongly lower Wednesday afternoon in the aftermath of two separate reports -- one this afternoon and the other last night -- that again showed rising US stocks of the black liquid.
Europe open: Stocks down, traders eye key levels for Brent and euro
European stocks began the morning on a down note, tracking a weaker Wall Street as investors took profits following recent strong gains for the main benchmarks.
Brent oil futures flirting with key technical support
Front mont Brent crude oil futures are testing a key level of technical support which if lost might open the way for a fall towards $46. 00.
Sector movers: Miners hit as US dollar drops back to end-January lows
Steel-makers and miners bore the brunt of selling as the US dollar continued to weaken and Freeport resumed copper concentrate production at its Indonesia Grasberg mine.
Commodities: Crude falls ahead of API stockpiles data; more downside forecast
Crude-oil futures are down heavily Tuesday as markets look to an expected rise in American Petroleum Institute's weekly stockpile figures out later tonight, with traders taking a view that the black liquid's price may yet fall further.