October 9, 2013 11:29 am
Grain futures were mixed on Wednesday with corn rising, while wheat and soybeans fell. The oilseed slipped for a third day after forecasts for favorable weather conditions in the U.S. and Brazil boosted crops. On the Chicago Board of Trade, soybeans for delivery in November fell by 0.27% to $12.8488 per bushel at 11:26 GMT. […]
Read moreOctober 9, 2013 9:11 am
Copper fell for a second day after U.S. lawmakers failed to break the political impasse which entered a second week and dampened market sentiment, while Chinese buyers waited for prices to drop. On the Comex division of the New York Mercantile Exchange, copper futures for December settlement fell by 0.81% to $3.266 per pound at […]
Read moreOctober 9, 2013 8:24 am
Gold traded lower throughout the Asian and early European trading sessions as U.S. lawmakers took steps toward breaking through the budget stalemate and raising the nations debt ceiling amid broad expectations that the October 17 deadline wont be breached. FOMCs September meeting protocols due to be released today also fell in investors focus. On the […]
Read moreOctober 9, 2013 7:21 am
West Texas Intermediate swung between gains and losses and inched up in early European trading on Wednesday as U.S. lawmakers took steps toward resolving the budget stalemate, reducing the possibility of a government default. Prices drew some support on events in Egypt and Libya over the weekend. Gains however were limited after the American Petroleum […]
Read moreOctober 8, 2013 2:42 pm
Natural gas futures rose more than 2% on Tuesday as weather forecasters predicted higher-than-average temperatures in key U.S. consuming areas, boosting demand prospects for the power-plant fuel. The energy source also gained as producers in the Gulf of Mexico returned evacuated personnel to platforms after tropical storm Karen dissipated but output was still 37% lower […]
Read moreOctober 8, 2013 2:14 pm
Gold swung between gains and losses during European trading on Tuesday as market players weighed the protracted U.S. government shutdown and debt limit impasse against a possible delay in the reduction of Feds bond purchases. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in December rose by 0.20% to […]
Read moreOctober 8, 2013 1:05 pm
Grain futures were mixed on Tuesday with soybeans and corn advancing, while corn declined. Rains in the Midwest were expected to delay the harvest, while wet weather in the Black Sea region will likely curtail production in Ukraine and Russia. On the Chicago Board of Trade, soybeans futures for settlement in November rose by 0.19% […]
Read moreOctober 8, 2013 9:04 am
Copper extended its weekly advance on Tuesday as expectations for a higher post-holiday demand and expanding service sector in China offset the continuing budget impasse in the U.S. President Obamas comments that he would support a short-term increase of the nations debt limit also relieved some pressure. On the Comex division of the New York […]
Read moreOctober 8, 2013 7:57 am
Gold was steady on Tuesday and hovered near a one-week high as the partial U.S. government shutdown entered a second week, moving closer to the deadline for raising the national debt ceiling. Comments from President Barack Obama that he would support a short-term debt limit increase to avert a U.S. default eased some pressure. Silver […]
Read moreOctober 8, 2013 6:58 am
Both West Texas Intermediate and Brent benchmarks were little changed on Tuesday after President Barack Obama said on Monday he would support measures to avoid a U.S. debt default. Recovered output in the Gulf of Mexico after tropical storm Karen dissipated and expectations for a 21-month high output of North Sea crude in November pressured […]
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