Market Pulse - Commodities
UK house prices dip unexpectedly in May, Nationwide says
House prices in the UK dipped unexpectedly in May as a result of the uncertain economic environment, although activity in the housing market was "broadly stable", mirroring the broader trends in the economy, the results of a closely-followed survey revealed.
Trump announces 5% tariffs on all Mexican imports
In a move that compromises yet another major trade deal, Donald Trump revealed on Thursday that he would be applying a 5% tariff on all imports from Mexico in order to pressure America's southern neighbours into cracking down on Central American migrants trying to cross the border.
Berenberg starts Hurricane Energy at 'buy', says 'first oil' announcement imminent
Analysts a Berenberg kicked-off their coverage of Hurricane Energy with a 'buy' recommendation and a 100. 0p target price ahead of the expected announcement of first oil at Lancaster, which they predicted would come in the next few days.
US trade deficit increases by slightly less than forecast in April
America's trade shortfall with the rest of the world widened by a tad less than economists had been anticipating in April.
Commodities: Precious metals overcome dollar strength, despite trade concerns
Commodity prices were little changed overall, even as a spate of warnings in China's state-owned press that Beijing might use so-called rare earths as a tool in its trade war with Washington fed into further strength US dollar.
Sector movers: Oil equipment stocks pace losses as markets reset
Oil equipment stocks were unwanted, as a spate of reports in China's state-controlled press said the country's government might restrict the supply of rare earths to foreign users.
Swiss officials open probe into possible bribes paid to foreign officials
Swiss authorities have kicked off an investigation against "unknown perpetrators" suspected of bribing foreign officials.
US refrains from labeling China a currency manipulator
The US Treasury Department passed on the chance of labeling China a currency manipulator on Tuesday.
Commodities: Energy and grains pace advance even as US dollar climbs
Commodity prices jumped at the start of the holiday shortened week even as the Greenback continued to flirt with its 52-week highs amid the ongoing trade war between the US and China.
FX round-up: US dollar gains on US-China trade rhetoric, pound 'shorts' pile up
The pound traded on a mixed note on Tuesday, as traders digested the results of the elections to the European Parliament at the weekend and continued hawkish rhetoric on trade out of the US and China.
Jefferies reiterates 'buy' on Burford Capital, says value of Petersen recoveries underestimated
Analysts at Jefferies reiterated their 'buy' recommendation for shares of Burford Capital, pointing out to clients that the company's share of the legal recoveries from the Petersen investment might reach $2. 5bn, which would equate to 55% of the company's market capitalisation.
Facebook plans to launch bitcoin rival in 2020
Facebook is set to launch a new cryptocurrency in 2020 to rival bitcoin and accelerate the diversification of its revenue away from advertising.
China asks US to correct 'wrong actions' or trade talks won't continue
The Chinese Commerce Ministry said on Thursday that the US needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions.
US business group in China faces retaliation from escalating trade conflict
The top US business association in China said on Wednesday that half its members faced retaliation by the Chinese government following the escalation of the country's trade conflict with the US.
Government to ban plastic straws, stirrers and cotton buds in England
In the latest move to fight ocean pollution, the UK government will introduce a ban on certain single use plastic items next year.
Trade war resolution looks distant as Xi calls for 'new Long March'
Chinese President Xi Jinping called on his nation's citizens to join him on a "new Long March" on Wednesday, a possible indication that Beijing could be preparing for its trade dispute with Washington to last for an extended period.
Antofagasta upbeat on copper prices despite trade tensions
Antofagasta said the outlook for copper prices was good despite global trade tensions as the world moves to reduce carbon emissions.
British Steel failure threatens thousands of jobs
British Steel will be placed into administration on Wednesday, putting 5,000 jobs directly at risk and threatening another 20,000 in the company's supply chain.
Barrick Gold offers to buy remaining shares of Acacia at a discount
Barrick Gold has offered to buy the remainder of Acacia Mining at a discount arguing that it was a necessary step in order to unblock the dispute between the miner and the government of Tanzania.
BHP seeks more copper, nickel and oil to meet demand
BHP said it wanted access to more copper, nickel and oil to take advantage of increasing demand as the miner set out its long-term strategy.