May 19, 2014 11:12 am
Copper futures reached a three-month high during early trading in Europe today, as China demand outlooks grew when the government expressed commitment to economic reforms. Japan posted a sizable growth in machinery orders earlier today, further supporting the metal. Elsewhere, Norilsk Nickel approved a $1 billion copper mine investment, aimed at supplying demand in China. […]
Read moreMay 19, 2014 9:03 am
Natural gas futures climbed during early trading in Europe today, after sizable losses last week. Weather reports project a normal week for top-consumer US, in terms of temperatures, with a sizable warming next week. Stockpiles in the US were reported to have increased last week, but remain almost a trillion cubic feet below last years […]
Read moreMay 19, 2014 8:17 am
Precious metals added to weekly gains logged on Friday during early trading in Europe today. Risks over tensions in Ukraine are in the focus ahead of the presidential election on May 25th. Last week gold and silver futures closed for gains amid mixed signals from the US economy. Gold futures for delivery in June traded […]
Read moreMay 19, 2014 6:47 am
Crude oil futures extended last weeks rally during early trading in Europe today, as bloody fighting in Libya over the weekend boosted the risk premium. Elsewhere, Ukraine is preparing to hold presidential elections this week, and Kiev began talks in an attempt to deescalate tensions and provide a safer environment for the vote. West Texas […]
Read moreMay 18, 2014 10:50 am
Gold and silver futures logged gains for the week through May 16th. The crisis in Ukraine offered strong support, as the presidential election on May 25th draws nearer. Elsewehere, the US economy posted mixed results this week. However, major stock indices recorded record-high levels, showing increased investor interest in stocks, pressuring precious metals. Gold futures […]
Read moreMay 18, 2014 8:37 am
Natural gas fell on Friday as investors locked in profits ahead of the weekend after two sessions of gains and as weather forecasting agencies predicted overall seasonal temperatures across most of the US, curbing demand prospects for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for settlement in June slid 1.25% […]
Read moreMay 17, 2014 6:56 am
Crude oil futures logged sizable gains this week, as the crisis in Ukraine bolstered risk premium ahead of the presidential elections next Sunday. Elsewhere, US supplies showed mixed signs, with gasoline demand growing and crude gaining in inventories. Economic data from top oil consumer US was also mixed, but relatively upbeat. West Texas Intermediate futures […]
Read moreMay 16, 2014 1:01 pm
Precious metals were pressured by housing data from the US, which showed home construction had picked up pace significantly in April, registering multi-year highs. Yesterday precious metals slid further amid reports of overall improvement for the US economy. Peace talks began in Kiev yesterday, though they seem unlikely to produce an effective resolution since the […]
Read moreMay 16, 2014 12:02 pm
Copper futures regained some losses after yesterday the red metal suffered from a reported decline in industrial output in the US. However, overall economic conditions cling towards growth, improving long-term outlooks for copper. Demand in China boosted the metal this week, as construction is in peak season. Next week will feature reports on factory activities […]
Read moreMay 16, 2014 9:31 am
Natural gas futures lost some of Thursdays gains during early trading in Europe today. Yesterday investors realized stockpiles will need to mark strong gains consistently throughout summer season to replenish pre-winter levels, and the unlikeliness of that happening prompted investors to buy, even with the sizable growth in inventories. Front month natural gas futures, due […]
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