Market Pulse - Commodities
Commodities: Energy, metal prices softer on Trump's address, China PMI
Base metals edged lower on Tuesday, although the US President Donald Trump called for $1. 5trn infrastructure spending in his first State of Union address.
Commodities: Metals gain before Trump’s Union of State address
Base metals gained ahead of US President Donald Trump’s first State of Union address on Tuesday.
Commodities: Industrial metals gain with zinc, gold steady
Three-month zinc futures on London Metal Exchange surged 3. 1% to $3’584 a ton, the highest level in more than a decade, after LME inventories slumped to the lowest levels since 2008.
Commodities: Base metals pare gains on stronger US dollar, rising inventory
The bounce in the US dollar pulled commodity and metal prices down from multi-year highs on Thursday, amid the US President Donald Trump revealed his preference for strong US dollar in an interview at the World Economic Forum in Davos.
Bank of England's Carney sees UK 're-coupling' with global economy
The pound shot up on Friday morning as Bank of England governor Mark Carney said he could see a "conscious re-coupling" between the UK and the booming world economy and defended his gloomy Brexit predictions.
Commodities: Weaker dollar boosts metals in 'best time for decades'
The weaker US dollar boosted metal and other commodity prices on Wednesday, after US treasury secretary Steve Mnuchin endorsed the weaker dollar in a panel at the World Economic Forum in Davos.
Commodities: Oil rally stalls on surprise rise in US crude inventories
West Texas Intermediate futures rose by 1. 8% to $64. 88 per barrel on Tuesday, to the highest level since December 2014. Brent crude futures topped at $70. 24 per barrel, for a gain of 1. 6%.
Tlou Energy sees 'excellent data' from seismic survey
Tlou Energy told investors on Tuesday that it had reached several key milestones in the development of its coal bed methane operations in Botswana, highlighting the "excellent data" seen from a seismic survey across the Lesedi and Mamba project areas.
Commodities: Base metals find slight bid
Commodities found a slight bid at the start of the week, centred on base metals and agriculture futures.
ADM makes bid for Bunge, Glencore seen lying in wait
US grain merchant Archer Daniels Midland (ADM) has proposed a takeover of New York-based agribusiness Bunge, a move that could potentially set off a bidding war with rival Glencore.
Europe midday: Periphery stocks lead gains after debt upgrades
Periphery stocks are pacing gains following sovereign debt upgrades for Greece and Spain, amid news that delegates from Germany's SPD party voted to start formal talks with the CDU/CSU on creating a grand coalition in the country.
BofA-ML forecasts peak oil demand for 2030
Rapid adoption of electric vehicles will see global demand for oil peak by 2030, analysts at Bank of America-Merrill Lynch forecast.
Commodities: IEA forecasts "explosive" growth in non-OPEC oil supplies
Energy futures came under pressure from slight profit-taking on Friday after the International Energy Agency forecast a big supply-side response to crude oil futures hovering near $70 a barrel.
BP and Shell eyeing first purchases of Libyan crude in four years
Royal Dutch Shell and BP are said to have agreed to annual purchase deals of Libyan crude on Thursday as recovering production levels from the North African nation and decreased security fears began to draw in several of the world's largest oil companies.
Alcoa falls short of Wall Street expectations
US aluminium producer Alcoa's fourth-quarter profit and revenue fell short of market estimates as higher power prices in Spain coupled with ongoing droughts in Brazil that hampered bauxite production, increased expenses.
China fourth quarter GDP growth beats forecasts, but some economists sceptical
China's economy grew more quickly than expected in 2017, according to both official and private sector estimates, but some economists believed the official figures belied the extent of the slowdown in the fourth quarter.
Ferrexpo margins to hit their high-water mark in 2018, Credit Suisse says
Credit Suisse boosted its target price for shares of iron ore miner Ferrexpo by well over a third on the back of the recovery in prices seen over the past year and after the pellet premium surprised to the upside.
RBC downgrades Premier Oil to 'sector perform'
Analysts at RBC downgraded their recommendation on shares of Premier Oil from 'outperform' to 'sector perform' after the shares had reached their 100p target price, which was unchanged.
Lula da Silva is not a threat to Brazil's financial stability, party chief says
The leader of Brazil's Workers’ Party argued in an interview that former president Luiz Inacio Lula da Silva is anything but radical and does not pose a threat to Brazilian financial stability.
Anglo Asian Mining tops full-year production guidance despite pit closure
AIM-quoted gold exploration and development firm Anglo Asian Mining saw production top out at the upper end of its guidance over the year ended 31 December, but fell short of besting its previous outing.