July 30, 2014 7:22 am
Gold futures were steady during morning trade in Europe today, as investors eye key US economic reports and the conclusion of the Feds meeting. The conflicts in Ukraine and Gaza continued to offer background support for the safe haven metal. Gold futures for August settlement stood unchanged for the day at $1 298.3 per troy […]
Read moreJuly 29, 2014 2:57 pm
Pfizer Inc, the leading US drugmaker, posted quarterly earnings today, revealing steady revenue and profit, with declining sales for major divisions and climbing R&D expenses. Full-year outlook was slightly lowered, but still relatively positive. The New York-based companys Q2 revenue was logged at $12.773 billion, down 2% from last year. Net income dropped 77% to […]
Read moreJuly 29, 2014 1:24 pm
Gold and silver futures traded higher during midday in Europe today, as safe-haven demand climbed, stemming from conflicts in Ukraine and Gaza. Meanwhile, copper futures were lower, as traders priced in an increase in output projections. Gold futures for delivery in August traded at $1 308.2 per troy ounce at 13:05 GMT in New York […]
Read moreJuly 29, 2014 12:49 pm
BP PLC, the worlds sixth-largest oil producer, posted Q2 earnings today, revealing a sharp jump in profit, while expressing concern over the looming Western sanctions for Russia, where BP is the biggest single foreign investor. Quarterly underlying replacement cost profit was reported to have risen 34% on an annual basis to $3 635 billion, while […]
Read moreJuly 29, 2014 9:56 am
Grains futures slid during early trade in Europe today, after rallying on poor rainfall projections for the US on Monday, which pressured crops outlooks. The US Department of Agriculture (USDA) posted steady weekly crop figures yesterday. Weather reports project a week of limited rainfall for the Midwest, which should not affect crops too much, as […]
Read moreJuly 29, 2014 9:09 am
Deutsche Bank AG, Europes largest investment bank, posted Q2 results today, to show growing profit, as the bank faces a number of legal issues, which could potentially hurt performance. Income before taxes was reported to have risen 16% on an annual basis to €917 million, while net revenue was down 4% at €7.9 billion. On […]
Read moreJuly 29, 2014 7:12 am
Gold futures were steady during early hours in Europe today, as investors expected muted trade ahead of the FOMC meeting conclusion on Wednesday. The precious metal saw some safe-haven demand, as the conflicts in Gaza and Ukraine showed no sign of easing. Gold futures for delivery in August traded at $1 305.3 per troy ounce […]
Read moreJuly 28, 2014 2:36 pm
Gold and silver futures were higher on safe-haven demand during midday trade in Europe today, ahead of key US economic figures this week. Meanwhile, copper futures trimmed gains after a bearish reading on US pending home sales. Gold futures for delivery in August traded at $1 304.8 per troy ounce at 14:19 GMT in New […]
Read moreJuly 28, 2014 1:36 pm
Ryanair Holdings PLC, Europes largest discount airline, gained 4% today, as the company revealed it has more than doubled Q1 earnings. The Dublin-based company, which is now valued at about €9.8 billion, also raised its full-year profit projection. “Weve made a lot of service improvements over the last six or seven months and were seeing […]
Read moreJuly 28, 2014 11:48 am
Grains futures traded above last weeks multi-year lows, as bargain hunting and rising exports support prices ahead of US Department of Agricultures (USDA) weekly report later today. Corn, beans and wheat were all pressured by a best-in-20 years crops outlook for the US last week. The USDA said this years corn harvest will be the […]
Read more