June 4, 2014 7:09 am
WTI and Brent futures traded slightly higher during early hours in Europe today, ahead of the US weekly stockpiles report. Later today, the Eurozone will also post readings on GDP growth and services PMI, before an imperative interest rate decision tomorrow. The US will also reveal employment data and services PMI. West Texas Intermediate futures […]
Read moreJune 3, 2014 2:22 pm
WTI futures traded largely on level with the previous close during midday trade in Europe today, while Brent lost some ground. The US logged factory orders above expectations, while China reported some mixed data earlier in the day, before the EU posted disappointing CPI. Meanwhile, natural gas futures continued to advance, boosted by warmer weather […]
Read moreJune 3, 2014 1:34 pm
Gold and silver futures were steady during midday trade in Europe today, ahead crucial economic data later this week. Previously, stocks reached record highs on Monday, driven by improving outlooks for the US. Meanwhile, copper futures fell, pressured by HSBCs manufacturing data for China. Gold futures for delivery in August traded for $1 243.4 per […]
Read moreJune 3, 2014 12:12 pm
Natural gas futures traded higher during midday trade in Europe today, after logging a sizable gain on Monday, with support from rising US temperatures. Weather reports project more heat for the US, which consume more than 20% of all natural gas. Previously, the energy source logged a big weekly gain on Friday, despite the most […]
Read moreJune 3, 2014 10:21 am
Chicago grains futures traded lower during early hours in Europe today. Yesterday the US Department of Agriculture (USDA) released the weekly report on crops, which revealed planting had progressed very well, pressuring wheat and corn. Soybeans advanced, supported by a surge in exports from the US. Weather reports forecast frequent, though scattered showers throughout the […]
Read moreJune 3, 2014 8:14 am
Gold and silver futures traded higher during early hours in Europe today, ahead of more economic reports from the US and EU, and high-level talks on Ukraine. Yesterday precious metals were pressured, as stocks continued to grow, in light of an upward correction of the US manufacturing PMI for May by ISM. Gold futures for […]
Read moreJune 3, 2014 7:09 am
WTI and Brent futures were slightly higher during early trade in Europe today, as China reported mixed economic data. Previously, crude contracts dropped some on Monday, despite robust data from top-consumer US. Several more reports from top oil-consuming economies are due today and later in the week. Elsewhere, Ukraine will be in the focus of […]
Read moreJune 2, 2014 2:38 pm
Gold futures were relatively leveled during midday trade in Europe today, while silver gained, as the US posted somewhat disappointing factory data. Earlier, the EU also revealed slowing expansion of industrial activities. Meanwhile, copper futures capitalized on growing factory activities in top-consumer China. Crucial reports are due this week, including payrolls in the US and […]
Read moreJune 2, 2014 1:12 pm
WTI futures were leveled during midday trade in Europe today, while Brent had logged minor losses. Improving outlooks from China were not enough to overcome the build up in crude supplies, reported last week. However, the US economy continues to fuel positive sentiment for oil demand. Meanwhile, natural gas futures traded higher, as investors bet […]
Read moreJune 2, 2014 12:08 pm
Grains futures traded lower today, ahead of the US weekly crops progress report due later today. Mostly dry weather probably made possible big advances for planting activities last week, while some showers in the southwestern Plains brought relief for the heat-weary crops, after the prolonged drought. Wheat futures for July delivery on the Chicago Board […]
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