Market Pulse - Commodities
88 Energy updates investors on Alaskan operations
Dual listed exploration and development firm 88 Energy provided investors with an update on its Alaskan operations on Friday, announcing that its 450 square kilometres 3D seismic exploration programme on the Project Icewine acreage was completed on 28 March, on schedule and within budget.
China says it will take on the US "at any cost" after Trump threatens more tariffs
The Chinese Commerce Ministry announced on Friday that it is not afraid of fighting a trade war and it will "follow through to the end without hesitating, fighting back at any cost" after being threatened by the US administration with further tariffs.
Quadrise Fuels shares fall after Saudi Arabian trials hit the rocks
Emulsion technology provider Quadrise Fuels revealed on Friday that its new Saudi Arabian trial, set to showcase its fuel technology, was unlikely to proceed as originally planned.
Commodities: Gains for grains offset by reversal in WTI futures on Genscape data
Commodities as a whole pushed higher on Thursday, buoyed by large across-the-board gains for agriculture futures.
Donald Trump expected to announce withdrawal from Iran nuclear deal
US officials have begun actively planning for the likelihood that the always unpredictable Donald Trump will reveal America's intention to withdraw from the Iranian nuclear deal, according to the Associated Press, something that would leave many a question over what could happen next or how the Middle Eastern nation would respond.
Sector movers: Miners lead bounce as trade tensions ebb
Metal bashers and Miners led Thursday's bounce as global trade concerns came down a notch and investors dipped their toes back into equities, helped by gains in metals' prices, especially for copper.
Credit Suisse prefers UK energy names, starts Global Energy at 'overweight'
Credit Suisse has started coverage of the Global Energy sector at 'overweight', arguing that forward prices are set to rise and pointing to cheap valuations as the main arguments in favour of their view.
WTI futures pare losses after weekly DoE inventory report
Crude oil futures are paring earlier losses on the back of a larger-than-expected drop in US oil and product stockpiles.
Market buzz: Markets 'in risk-off mode', tariffs hit US aeros and autos
1535: French government spokesperson Benjamin Grievaux has said there is "no question of a softening or weakening in face of a unilateral decision taken by the US on steel", adding that Paris wants to ensure trade law and the principle of reciprocity in its commerce with America are respected.
Commodities: Volatility in wheat, Chinese steel rebar
Commodities were rebounding on Tuesday as stocks managed to find a small bid following the previous day's thrashing, albeit amid sharp moves in some segments, such as agriculture.
Market buzz: GKN grandstanding dismissed, manufacturing mixed
1655: Spotify reportedly set to start trading at between $160 to $165 per shares, versus an initial reference price of $132.
UK Oil and Gas narrows operating loss in 'transformational year'
AIM-listed firm UK Oil and Gas Investments saw its operating loss narrow 18. 9% to £2. 39m in 2017, thanks to lower consultant and administrative costs, but its overall loss for the year of £2. 27m was 14% wider as a result of a £1. 03m credit to its income statement.
Barclays reiterates BP is its 'top-pick' in the sector ahead of Q1 results
Barclays reiterated its endorsement of BP's shares as its 'top-pick' in the sector, noting how the sector had only performed 'in-line' with the wider market since the beginning of 2018, even as analysts had bumped up their profit estimates by 10%.
Cuadrilla drills first UK shale well at Preston New Road, eyes fracking consent
Cuadrilla has completed drilling the UK’s first ever horizontal shale gas well at its exploration site at Preston New Road in Lancashire ahead of planned 'fracking' at the site.
China places tariffs on 128 US food imports
China has retaliated against US tariffs on Chinese steel and aluminium imports, setting levies of as high as 25% on 128 US-amde products.