November 1, 2013 11:10 am
Grain futures were steady during European trading on Friday with wheat headed for the worst week since June on expectations India will boost its exports to reduce ample state inventories. Corn hovered over 39-month low, while soybeans traded near 2-1/2 month low levels. On the Chicago Board of Trade, wheat futures for settlement in December […]
Read moreNovember 1, 2013 10:07 am
Copper futures extended weekly gains on Friday after a government and a private report showed China’s manufacturing sector expanded at a faster pace in October, adding to previous upbeat economic data from the world’s largest consumer and boosting the industrial metals demand prospects. Investors also assessed mixed data from Europe and awaited a key report […]
Read moreNovember 1, 2013 9:33 am
Gold extended its first weekly loss in three as the U.S. dollar continued to regain positions on speculations the Federal Reserve might begin scaling back its bond purchases earlier than previously projected after FOMC policy makers noted “underlying strength” in the economy. Expectations for a softer demand during Indias festival season also weighed on prices. […]
Read moreNovember 1, 2013 8:21 am
Both West Texas Intermediate and Brent benchmarks edged higher in early European trading on Friday after a government and a private report showed Chinas manufacturing sector expanded at a faster pace in October, adding to previous upbeat economic data from the worlds second-biggest oil consumer. The persisting lack of resolution to protests in Libya which […]
Read moreOctober 31, 2013 3:11 pm
Natural gas futures pared daily losses but remained on negative territory despite a bullish inventories report by the EIA as weather forecasters predicted above-normal temperatures across the eastern U.S. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.600 per million British thermal units at 14:57 GMT, down 0.57% […]
Read moreOctober 31, 2013 2:47 pm
Copper futures traded lower throughout the day on Thursday on a stronger U.S. dollar after FOMCs after-meeting announcement spurred speculations the Federal Reserve may begin scaling back its bond purchases earlier than previously projected. The industrial metal however pared daily losses after data showed business activity in the Chicago region expanded in October at the […]
Read moreOctober 31, 2013 1:48 pm
Gold plunged to session low in late European trading on Thursday after the Labor Department reported that the number of people who applied for initial jobless benefits fell last week as California cleared a backlog of claims. Silver declined more than 4%, followed by platinum and palladium. On the Comex division of the New York […]
Read moreOctober 31, 2013 10:53 am
Grain futures edged higher during European trading on Thursday as weather forecasts continued to predict mixed conditions in major growing areas in the U.S., South America and Europe. On the Chicago Board of Trade, soybeans futures for delivery in January rose for a third day and traded at $12.8475 per bushel by 10:51 GMT, up […]
Read moreOctober 31, 2013 9:32 am
Gold futures fell more than 1% on Thursday despite Feds expected decision to keep its bond purchasing pace unchanged as policy makers noted there are signs of underlying strength in the economy, suggesting tapering is still on the table in the upcoming months. Investors liquidating long positions after the recent rally further pressured prices. Silver, […]
Read moreOctober 31, 2013 8:21 am
West Texas Intermediate crude extended losses on Thursday after the Energy Information Administration said in its weekly report on Wednesday that U.S. crude inventories rose to the highest since June last week, keeping the American benchmark on track to post its worst month since February. Hope that a key Libyan oilfield may reopen within 10 […]
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