Market Pulse - Commodities
With US set to reimpose sanctions, EU cuts Iranian oil imports
European refiners, worried about the US sanctions on Iran which are set to be more severe than those imposed in 2012, are cutting their imports of Iranian oil.
Commodities: Across-the-board weakness as yuan slips
Commodities were seeing almost across-the-board weakness on Thursday evening in a mostly 'risk-off' session with weakness in Emerging Market FX, in particular, under the spotlight.
Credit Suisse reiterates 'overweight' stance on Emerging Market stocks
Credit Suisse sounded a confident note on the outlook for Global Emerging Market stocks, citing a multitude of reasons to back up their case, including poor market sentiment towards the group relative to others and how foreign investors had "capitulated".
BoE orders City bosses to crack down on crypto-assets
The Bank of England has ordered the bosses of banks and other financial companies to strengthen checks on crypto-assets such as Bitcoin and not to link pay to risky dealing in those instruments.
US trade deficit narrows unexpectedly as exports continue to climb
America's shortfall in its trade on goods with the rest of the world shrank last month as exports continued to climb.
Saudi planning to ramp-up production to record levels in July
Saudi Arabia's state-owned oil company may be set to boost output by over 800,000 barrels a day.
Victoria Oil and Gas partners with Naturelgaz in compressed natural gas project
Cameroon-based gas producer and distributor Victoria Oil and Gas has entered into an exclusive agreement to partner with Naturelgaz Sanayi ve Ticaret, Europe's largest compressed natural gas supplier and distributor.
Petrofac takes $1.8bn of new orders in first half
Petrofac, a provider of services to the oil and gas industry, has taken $1. 8bn of new orders since the start of the year, which is slightly more than at this stage last year.
Asiamet Resources adds Masan chief executive to board
AIM-listed exploration and development firm Asiamet Resources has appointed Masan Resources chief executive Dominic Heaton to its board as its new non-executive director, effective immediately.
US's Mnuchin labels reports of investment restrictions as 'false, fake news'
The US Treasury Secretary rubbished reports that the White House was set to unveil measures against investments in American technology companies by Chinese majority owned-firms specifically, alongside curbs on technology exports to the Asian giant.
FX round-up: Are currencies the next front in the global trade war?
Sterling was slightly weaker at the beginning of the week, with the ongoing concerns around Brexit offsetting the bid resulting from the ongoing aggressive rhetoric out of the White House on trade.
Commodities: Negative trade headlines hit agriculture futures
The commodities complex was under pressure at the start of the week as the headlines around global trade frictions turned even more negative.
Credit Suisse ups target for Centrica, says dividend more sustainable
Analysts at Credit Suisse marked up their target price for shares of Centrica on Monday, from 175p to 185p, telling clients that the dividend was now more sustainable and that the scrip might end in 2019 which would be "a major source of upside".
China's PBoC shifts policy stance, cuts RRR by 0.50 percentage points
China's central bank cut the amount of reserves that the country's lenders are forced to keep on reserve, in a move that some saw as a shift towards an easing bias in its policy which ultimately would weaken the currency.
Rockfire Resources hits gold over 400m of strike length
London-listed explorer Rockfire Resources has intersected gold in 13 of 14 holes drilled at the Double Event Prospect in Queensland, Australia.
Commodities: WTI surges even as OPEC signals increased output
A big bounce in crude oil futures drove a small bounce in the larger commodities complex at the end of the week.
OPEC agrees nominal 1.0m b/d increase in output
The Organisation of Petroleum Exporting Countries and Russia have agreed on a 1. 0m barrel a day increase in their combined level of output following a last-minute compromise with those producers that were opposed to a deal.
Greatland Gold receives drilling approval from Western Australian mining body
AIM-quoted base metals exploration and development company Greatland Gold has received approval from the Western Australian Department of Mines, Industry Regulation and Safety to drill a nickel sulphide test hole at its Carnegie licence.
Thalassa profits decline following delayed WGP disposal
AIM-quoted submersible drone developer Thalassa saw net profits fall in its last trading year as its disposal of WGP took just 24 hours too long to complete.
Dalradian Resources' shares rocket after C$537m Orion bid accepted
Mineral exploration and development firm Dalradian Resources on Thursday confirmed that it has received and accepted a takeover bid from Orion Mine Finance of C$537m.