Copper relaxed on Thursday, raising concerns over price controls after Chinese officials promised to keep a tab on rising commodity costs. Three-month copper was down 0.3% at $ 9,949 a tonne on the London Metal Exchange CMCU3, while the most-traded July copper deal on the Shanghai Futures Exchange SCFCV1 was down 0.2% at 71,480. As…
Oil in Asia fell on Friday morning but was set to end the week with a third-week gain. The black liquid is close to $ 70 as investors continue to digest different fuel demand perspectives. Brent oil futures down 0.43%. $72.21 and WTI futures were down 0.43% at $ 69.99. The future in New York…
Argentine farmers have sold 20.9 million tonnes of soybeans since the 2020/21 season, up from 863,600 tonnes last week. According to official data, the rhythm of Argentine soybean sales is slower than the previous year, with 24.4 million tonnes of oilseeds sold this season. Argentina’s 2020/21 soybean harvest is expected to be 43.5 million tonnes,…
Gold in Asia fell against the dollar on Thursday morning, with investors pushing the U.S. Additional signals of inflation in and mobilized to seek economic recovery from the COVID-19 epidemic. Gold futures were down 0.35% at $ 1,888.95. The dollar, which usually moves in the opposite direction to gold, is the 10-year U.S. dollar. Treasury…
Oil in Asia fell on Thursday morning and India’s demand continued to decline. Brent oil futures were down 0.69% at $ 71.72 and WTI futures were down 0.69% at $ 69.48. India, the world’s third-largest oil consumer, recorded the lowest fuel demand since August 2020 as economic activity was hampered by an increase in COVID-19…
Concerns over the weakening global recovery for crude and fuels extended oil prices’ losses on Tuesday on data that showed a drop in China’s oil imports in May. Overnight, Brent crude was down 49 cents, or 0.7%, to $ 71.00 a barrel at 0643 GMT. U.S. Oil was down 44 cents, or 0.6%, at $…
Brent topped $ 72 a barrel for the first time since 2019 as it faced concerns about an overall COVID-19 vaccine release worldwide, such as OPEC + supply discipline and recovery in demand. The Organization of the Petroleum Exporting Countries and its allies said they would abide by the supply restrictions agreed on Tuesday. A…
Gold fell in Asia on Friday morning, hitting a two-week low and recording its worst week in three months. Positive U.S. Employment data boosted dollar and bond yields, and investors were concerned about the reversal of stimulus measures. Gold futures are down 0.07% at $ 1,871.90 below $ 1,900. The dollar, which normally moves against…
Bank stocks are more focused than the Reserve Bank’s monetary policy. Moreover, a slight surge in credit growth, along with market experts, has given the bull markets a boost in banking and financial stocks – which has increased investor appetite for these stocks. The ‘situation’ with the ‘accommodation position’ at the Reserve Bank is expected…
Oil prices rose for a third day on Thursday in anticipation of rising fuel demand by the end of this year, especially in the US and Europe, and China, while large manufacturers have been adhering to supply discipline. After reaching its highest level since September 2019, Brent crude futures rose 40 cents, or 0.6%, to…
