Market Pulse - Commodities
ECR Minerals buoyed by high grade gold assays from Australian project
ECR Minerals' shares jumped on Tuesday after the company announced the receipt of high grade gold assays from the recently completed rock chip sampling programme at the Timor Gold Project in Victoria, Australia.
North Korea to invest stolen $2.0bn from crypto hacks on WMD programme
Experts at the UN said North Korean cyber agents had illegally raised an estimated $2. 0bn to invest in the country’s development of weapon programs.
Barclays sees even lower yuan in near term
Analysts at Barclays Research revised their forecasts for the Chinese yuan in order to factor in greater weakness.
Barclays downgrades Ferrexpo due to multiple headwinds including appreciation in hryvnia
Analysts at Barclays downgraded their recommendation for shares of Ferrexpo to 'equalweight', citing a myriad of factors on both the demand and supply side.
Europe close: Stocks drop further amid heightened trade tensions
Stocks across the Continent slumped after China allowed its currency to fall sharply in value against the US dollar and euro with analysts divided on just how far stocks might drop on the back of the trade war between Washington and Beijing.
Serabi Gold delays Brazilian mine viability study results
Serabi Gold on Monday reported that its independent consultants had requested more time to complete work assessing the economic case for the company's Coringa gold project in Brazil.
China calls for halt to US agriculture purchases, says report
Beijing has instructed its state-owned companies to halt imports of US agricultural products in response to President Trump's fresh tariff proposals on Chinese goods, according to a report from Bloomberg.
BofA-ML sees 'blue skies' ahead for Shell, hikes target price
Analysts at Bank of America-Merrill Lynch hiked their target price on shares of Royal Dutch Shell after factoring-in the company's transition from 'Big Oil' to 'Big Energy', implying a shift away from valuations based on discounted cash flows as the company develops its 'premium multiple' businesses, including: Integrated Gas, Chemicals, Marketing, and 'New Energies such as bio-fuels as well as low-carbon electricity.
Commodities: Futures reel after US President extends tariffs to almost all Chinese exports
Commodity prices were lower almost across the board on Thursday, after the US central bank decided overnight to push back on expectations for interest rate cuts extending out into 2020 and the US President announced the decision to impose tariffs on almost all the remaining Chinese imports to the US not yet covered by trade levies.
China and US to resume trade talks in September
US and Chinese trade negotiators are set to resume the talks in early September even after the latest round of negotiations in Shanghai ended with little progress.
BlackRock lost $90bn on wasteful fossil fuel investments
Fund manager BlackRock lost around $90bn in the last ten years in wasteful fossil fuel investments said a report from the Institute for Energy Economics and Financial Analysis.
Trump's ex-economic adviser warns tariffs 'backfiring' on US economy
Donald Trump’s ex-economic advisor Gary Cohn said on Wednesday that the trade war and the tariffs were backfiring and impacting on the US economy.