Market Pulse - Commodities
Rotork knocked lower by double downgrade out of Bank of America
Shares of high-flier Rotork were knocked lower by a double downgrade from one of Wall Street's largest brokers.
RBC upgrades Imperial Brands despite lack of dividend reset
Analysts at RBC Capital Markets upgraded their recommendation for shares of Imperial Brands from 'underperform' to 'sector outperform', hailing the tobacco manufacturer's multiple moves to "restore" credibility with investors, and bumped up their target price.
UK renewables up 9% makes 2019 greenest year yet
The UK’s use of renewable energies was up 9. 0% in 2019, outpacing that of fossil fuel plants on 137 days, which made for the greenest year to date.
US trade deficit falls more sharply than expected in November
America's shortfall in trade with the rest of the world narrowed sharply in November on the back of a sharp drop in the country's purchases.
Europe midday: Investors dial back on risk as gold hits 2013 highs on Mideast tensions
Stocks on the Continent were extending their losses from Friday's session come midday, with traders cutting back on risk given the possibility that tensions in the Middle East might rise further, at least in the very near term, while gold prices hit a seven-year high.
Analysts anticipate Iranian response, but don't expect all-out conflict
A US drone strike killed the Iranian military commander in charge of overseas operations, prompting a shift towards safe havens as investors waited for Tehran's response.
Israeli, Greek and Cypriot leaders set to ink natural gas pipeline deal
The presidents of Greece, Cyprus and Israel were expected to sign an agreement on Thursday to build the Eastern Mediterranean natural gas pipeline, with Italy's leader reportedly expected to do the same at a later date.
Beijing temporarily suspends London-China Stock Connect
Beijing has temporarily suspended the Shanghai-London Stock Connect due to the tensions with Westminster over the situation in Hong Kong.
Apple inks licensing deal with Imagination Technologies
Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.