Market Pulse - Commodities
Barclays cuts target prices for copper miners but sees gold lining
Analysts at Barclays cut their target prices for a large swathe of UK-listed copper miners, on the back of lower projections for the medium-term price of the industrial metal, although there was a gold lining to its forecast changes, so to speak.
Saudi Aramco jumps 10%, closes limit-up in stock market debut
Saudi Aramco shares rallied 10% on Wednesday in their debut on Riyadh’s Tadawul stock market giving the group a market value of nearly $1. 9trn.
Savannah Petroleum confirms quality of Nigerian assets in CPR
Independent oil and gas company Savannah Petroleum confirmed the high quality of its Nigerian assets on Wednesday following the publication of a competent person's report.
China increases US soybean purchases amid ongoing trade talks
Chinese imports of American soybeans multiplied by a factor of 13 between September and November when compared to the same period one year before, revealed Xiaoping Zhang, the Greater China Regional Director for the US Soybean Export Council, to CNBC.
US reportedly set to delay new Chinese trade tariffs
Negotiators from the US and China are working to postpone the introduction of new tariffs on Chinese exports in mid-December.
Nissan faces £17m fine for misreporting Carlos Ghosn's pension
Nissan faces a fine of more than £17. 0m related to the carmaker's under-reporting of former chairman Carlos Ghosn's pension.
Canaccord axes target on Tullow Oil after 'disastrous' update
Analysts at Canaccord Genuity slashed their target price for shares of Tullow Oil following the explorer's "disastrous" update.
Berenberg lowers target price on Anglo Pacific
Analysts at Berenberg lowered their target price on mining firm Anglo Pacific on Monday, noting some investors appeared to be concerned about the company's ability to match the production growth and increased royalty payments stemming from its Kestrel mine.
Ironveld names Martin Eales as CEO
Mining outfit Ironveld tapped Martin Eales to take over as chief executive on Friday, taking over from Dr Peter Cox on 16 December.
OPEC to keep crude oil output unchanged until March
Several of the world's largest oil producers chose to keep their combined output unchanged and wait instead until spring to see whether any changes needed to be made.
Jefferies trims target price on Glencore to reflect 'risk' from SFO investigation
Jefferies trimmed its target price for shares of commodity trader Glencore to reflect the risk to the franchise after the Serious Fraud Office's announcement of an investigation into potential bribery at the company.
Europe close: Investors play it safe as stocks near record highs
Investors were loathe to keep pushing stocks on the Continent higher, despite the boost to investor sentiment from positive headlines on US-China trade and 'merger talk' in the luxury goods sector.
OPEC+ ministers agree to deeper cuts, but only until March
Energy ministers from the Organisation of the Petroleum Exporting Countries and its key allies have agreed on deeper oil output cuts to stem a near-term glut of oil.
US bill against Muslim detainment camps in China sparks anger
Official Chinese media outlets lashed out against the United States and called for harsh reprisals in editorials on Thursday after the US House of Representatives passed legislation calling for a stronger response to Beijing’s mistreatment of its Uighur Muslim minority.
Trade talks continue as China reiterates need for tariff cuts
China has reiterated a call for existing tariffs to be lowered as crucial talks between Beijing and Washington look to continue.
US foreign trade deficit for October posts outsized drop
America's shortfall on trade with the rest of the world dropped sharply in October amid a down-draft in import demand.
OPEC set to meet amid doubts around further production cuts
Delegates from the Organisation of the Petroleum Exporting Countries are meeting in Vienna from Thursday with traders wondering aloud whether the cartel and its allies will approval further oil production cuts.
Thursday preview: OPEC meeting, Victrex in focus
The market focus on Thursday will be on the first of two days of meetings between energy ministers of the Organisation of the Petroleum Exporting Countries member states.
Russia opens gas pipeline to China
Russia and China have increased their collaboration in the Arctic Circle as Moscow opens a natural gas pipeline in Siberia to Beijing.
Morgan Stanley labels Hurricane Energy share price drop 'overdone'
Analysts at Morgan Stanley reiterated their 'overweight' recommendation for shares of Hurricane Energy, labelling the recent drop in the share "overdone".