December 3, 2013 8:36 am
West Texas Intermediate crude rose for a third day on Tuesday amid expectations a government report tomorrow will show U.S. crude oil inventories fell last week, snapping ten straight weeks of gains. Further lifting sentiment, manufacturing activity in the worlds biggest economy rose by the most in 2-1/2 years, the Institute for Supply Management said […]
Read moreDecember 2, 2013 4:15 pm
Grain futures were mixed on Monday with soybeans reaching a 10-week high on increased demand for US supplies, while corn and wheat posted moderate losses. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.2313 per bushel at 15:14 GMT. Prices jumped to a day’s high of $13.4588 per bushel, […]
Read moreDecember 2, 2013 1:26 pm
Natural gas traded overall steadily on Monday, having hit fresh 6-months highs on Friday as cold weather is expected across most of the densely-populated US areas, boosting demand for the power-station fuel for heating purposes. Last weeks EIA inventories report further supported the market as US gas inventories fell in line with expectations in the […]
Read moreDecember 2, 2013 10:24 am
Gold declined on Monday, extending the worst monthly performance since June on reinforced speculations the Federal Reserve will reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. A stronger dollar […]
Read moreDecember 2, 2013 8:32 am
West Texas Intermediate crude gained for a second day and Brent remained over the $110 mark after a government report showed on Sunday that Chinas factory growth remained at an 18-month high, while a private survey released on Monday posted the second-highest reading in eight months, curbing speculations for a slowdown in the worlds second […]
Read moreDecember 1, 2013 9:11 am
Chinas factory growth was unchanged at an 18-month high in November from a month earlier on firm domestic and foreign demand, signaling the Asian economys recovery is sustaining momentum while the government undertakes tough reforms. Chinas National Bureau of Statistics reported that the nations Purchasing Managers Index was unchanged at 51.4 in November from a […]
Read moreDecember 1, 2013 7:57 am
Gold gained on Friday, but fell for a third consecutive month in November after overall upbeat data from the U.S. reinforced speculations for an earlier-than-expected reduction in Fed’s monetary stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. However, strong Chinese physical […]
Read moreNovember 30, 2013 8:14 am
West Texas Intermediate crude rose on Friday as investors covered their short positions and sold off the contracts discount to Brent but settled the month lower, marking the longest monthly losing stretch since January 2009. Market players weighed rising U.S. stockpiles and record-high domestic output against a decline in heating fuel stockpiles ahead of the […]
Read moreNovember 29, 2013 3:01 pm
The worlds largest wheat producer China is expected to grow 2 million tons of wheat more than previously estimated in October, the International Grain Council reported on Friday. According to the London-based IGC, the harvest will surge to 698.4 million metric tons, compared to 654.9 million tons in the 2012-13 season. Wheat plunged 25% on […]
Read moreNovember 29, 2013 2:08 pm
Copper rose to a new session high in late European trading, extending its first daily advance in four, after Standard & Poors affirmed Chinas credit sovereign rating at AA- with stable outlook, boosting the industrial metals demand prospects in its biggest consumer. Investors eyed a private report due to be released on Sunday that might […]
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