Market Pulse - Commodities
Fed stays put on rates, T-bill purchases to continue
The US central bank kept all its main policy settings unchanged on Wednesday, as expected by analysts, including its commitment to continue purchasing very short-term Treasury bills at least into April.
Commdoities: Industrial metal and energy futures slip on coronavirus concerns
Commodity prices followed government bond yields lower on Wednesday as investors waited on the US central bank's policy decision.
Xi Jinping pledges to beat 'devil' coronavirus
China's president Xi Jinping has pledged to beat the "devil" coronavirus as Hong Kong restricted rail and transport travel to and from the mainland and fears intensified over the disease's economic impact.
US open: Stocks record early gains but investors remain cautious
US stocks recorded some modest gains at the bell on Tuesday, as stocks attempted to undo some of the damage done during the previous session.
Berenberg adjusts target for Petra despite Williamson failure
Analysts at Berenberg revised their target price for miner Petra Diamonds slightly higher on Tuesday following a first half of trading which they described as a "mixed bag".
EU set to boost hydrogen and recycling in new industrial plan
The European Union's new industrial strategy will give greater importance to hydrogen fuel for use in industry and recycling.
UK needs 400,000 green energy jobs to meet net zero target
Hundreds of thousands of workers will be needed to meet the UK’s goal of net zero carbon emissions by 2050, according to new research from National Grid.
Defence spending buoys US durable goods orders in December, but only slightly
Orders for goods made to last more than three years shot higher at the end of 2019, but the details of the report revealed nearly across-the-board weakness outside of defence spending.
ITM Power bottom line hit by legacy projects and lower grant income
Hydrogen power specialist ITM Power continued to build out its manufacturing capabilities over its most recent half-year, which also saw it beef up its balance sheet via a capital raise and the entry of Germany's Linde as a cornerstone investor.
Tuesday preview: nCoV Coronavirus, Crest Nicholson in focus
The focus of trading on Tuesday will in all likelihood continue to be on the news-flow around the new nCoV coronavirus in China, as investors try and spy any slowdown in the momentum of new cases, which could be rapidly reflected in share prices.
Canaccord stays at 'buy' on Gresham House, highlights uncorrelated asset exposure
Analysts at Canaccord Genuity reiterated their 'buy' recommendation and target price of 801. 0p for shares of Gresham House following the alternative asset manager's pre-close trading update.
Commodities: Crude oil futures continue to spill lower
Energy futures continued to cede ground despite multiple analysts' forecasts for a tightening supply balance later in the year as concerns of the impact that the new coronavirus in China might have on that economy weighed on near-term forecasts and sentiment.
Lagarde and Mnuchin clash on energy transition strategies
ECB President Christine Lagarde and US Treasury Secretary Steve Mnuchin have clashed at the World Economic Forum in Davos over how the world should transition to cleaner energies.
Berenberg lowers target on Polymetal, cites stronger rouble
Analysts at Berenberg lowered their target price on shares in precious metals mining outfit Polymetal shares from 1,480p to 1,420p on Friday but noted that the group remained one of its "favoured names" in the gold space, adding that it saw potential for a special dividend.
Tesco set to ditch further 350 tonnes of plastic from stores in 'green' drive
Tesco was set to ditch plastic-wrapped multipack tins in a plan to cut 350 tonnes of plastic from its stores.
US Fed meeting will decide if 'irrational exuberance' extends into Q1, BofA says
You should "sell" as the S&P 500 nears the 3,500 point mark and if you are wondering what the level of "irrational exuberance" is that would prompt the US central bank, the Federal Reserve, to raise interest rates, for the Nasdaq Composite that level would come in at about 10,600 points, a top-rated strategy team said.
US officials believe trade deals with UK and EU possible by year-end 2020
The US has raised the prospect that trade deals with both the United Kingdom and the European Union could be in place by year-end 2020.
Europe open: Travel and leisure stocks drag amid coronavirus concerns
Stocks on the Continent started the morning lower amid continuing worries that a new coronavirus in China might spread further and weigh on the country's economy.
Trump dilutes new environmental legislation after BP lobbying
Trump watered down a landmark environmental law which could allow major infrastructure projects to avoid certain checks after BP lobbied against it.
Rockfire Resources recommences drilling at Plateau
Gold and base-metal focused explorer Rockfire Resources has recommenced drilling at the Plateau Gold Deposit in Queensland, Australia.