August 19, 2014 2:49 pm
Home Depot Inc., the largest US home-improvement retailer, posted earnings for Q2 earlier today, to reveal a sizable increase in both sales and net income, while also increasing its full-year profit guidance. Second quarter revenue was logged at $23.81 billion, up 5.7% on an annual basis, while net income added 13.8% at $2.1bn. A $3.5bn […]
Read moreAugust 19, 2014 1:45 pm
Gold prices erased earlier gains during midday trade in Europe today, after the US posted encouraging economic data. Investors now eye the upcoming release of minutes from Feds July meeting. Meanwhile, copper prices were steady after the US data, awaiting crucial Chinese figures later this week. Gold futures for December settlement traded at $1 299.7 […]
Read moreAugust 19, 2014 12:46 pm
Copper prices steadied slightly above the previous close during midday trade in Europe today, after the US posted encouraging housing data. Investors now eye HSBCs China manufacturing PMI this Thursday, with expectations of further support. Copper futures for September delivery traded at $3.1125 per pound at 12:43 GMT on the Comex in New York, up […]
Read moreAugust 19, 2014 9:50 am
Grain futures were on the downside during early trade in Europe today, as markets price in the latest report on US crops, in light of projections for record harvests this year. Weather patterns call for scattered showers and warm-to-hot weather for the Midwest and Northern Plains, favoring developing corn and soybeans this week. The Southern […]
Read moreAugust 18, 2014 2:58 pm
Gold prices were deeper in the red during midday trade in Europe today, as investors found risks over Ukraine to be oversold, pressuring the haven metal. Meanwhile, copper futures climbed, despite a reported drop in China house prices. Gold futures for December settlement on the Comex in New York traded at $1 297.7 per troy […]
Read moreAugust 18, 2014 9:50 am
Corn prices continued climbing during early trade in Europe today, heading for a sixth straight session of gains ahead of the US Department of Agricultures weekly crop report. Beans were also higher, while wheat dropped, as Russian producers were seen selling in bulk, hedging against a possible geopolitical deterioration. The US Department of Agricultures (USDA) […]
Read moreAugust 18, 2014 8:44 am
Gold prices were lower during early trade in Europe today, as investors were still in denial over a possible further deterioration of the crisis in Ukraine. Palladium did climb to a new 13-year high, as traders acknowledged the risks for top-producer Russia. Gold futures for December settlement on the Comex in New York traded at […]
Read moreAugust 18, 2014 7:44 am
WTI and Brent prices were deep in the red during early trade in Europe today, as investors assessed risks from the conflicts in Ukraine and Iraq. WTI futures for delivery in September on the NYMEX traded at $96.63 per barrel at 7:40 GMT, down 0.47%. The contract lost about 0.3% last week, reaching an eight-month […]
Read moreAugust 16, 2014 7:34 am
Gold futures traded in a relatively narrow range this week, as investors saw mixed economic data, as well as both tensions and relief on the geopolitical scene. US stocks found increased demand, while the dollar and euro failed to find a direction. Gold futures for delivery in December dropped 0.72% on Friday, closing at $1,306.2 […]
Read moreAugust 15, 2014 2:40 pm
WTI and Brent futures were higher during midday trade in Europe today, though headed for significant weekly losses, as investors saw brighter outlooks for Iraq. A bearish report on US oil inventories also weighed, while ongoing tensions over Ukraine offset further losses. WTI for delivery in September traded at $96.13 per barrel at 14:37 GMT […]
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