May 14, 2014 12:10 pm
Copper futures advanced on news that the Chinese government looks to support lending, improving demand outlooks and backing the construction sector. Yesterday the contract fell for the first time in five sessions, amid weakening industrial production in top-consumer China. More industrial and housing data from the US is due later this week. Copper futures for […]
Read moreMay 14, 2014 9:47 am
Natural gas futures made slight gains during early trading in Europe today, after sliding more than 10% recently as the colder season in the US is coming to an end. Expectations of more sizable gains for stockpiles in the US kept pressure on the fuel. Weather forecasts paint a contrasting picture for the US, as […]
Read moreMay 14, 2014 8:15 am
Gold futures gained as tensions in eastern Ukraine continue to be simmering. The “successful” independence referendum set the stage for a prolonged confrontation, and investors demanded safer assets. Elsewhere, US stocks shrugged off weakening retail sales to continue beating record figures ahead of crucial data on CPI later this week. Gold futures for delivery in […]
Read moreMay 14, 2014 7:00 am
Both West Texas Intermediate and Brent futures added on previous gains during early trading in Europe today, as US stockpiles at Cushing had reportedly shrunk in the week through May 9th. Kiev is holding talks today, in line with international accord, though no rebels nor Russian representatives will be present. Elsewhere, Libyas output remains below […]
Read moreMay 13, 2014 2:38 pm
Precious metals found support from faltering retail sales in the US. Both gold and silver erased earlier losses to trade even with the previous close. Meanwhile, copper futures posted losses with news that Chinese industrial output is slowing. Investment and retail sales in the worlds second top economy also marked minor slowdowns. Gold futures for […]
Read moreMay 13, 2014 1:01 pm
Crude oil gained on news that the US will be building up gasoline reserves in the Northeast. Furthermore, West Texas Intermediate added as expectations of further declines in US inventories stoked bullish sentiment. Brent was supported by unimpressive Libyan output and by the crisis in Ukraine. Meanwhile, natural gas futures were steady after dropping more […]
Read moreMay 13, 2014 11:50 am
Copper futures posted losses with news that Chinese industrial output is slightly slowing. Investment and retail sales also marked minor slowdowns. Later this week data on industrial production in the EU is due, as well as housing data from the US. On the COMEX division of the New York Mercantile Exchange, copper futures for settlement […]
Read moreMay 13, 2014 9:57 am
Natural gas futures recovered earlier losses to trade even during morning trade in Europe. Reports of storms and cold in some regions pared warming in others. The West Coast will be significantly hotter, reaching all-time high figures in the next few days. The overall warming over the last week makes possible greater gains in inventories, […]
Read moreMay 13, 2014 8:39 am
Gold futures traded lower during early hours in Europe today, keeping to the recent downtrend, induced by the recovering US economy. Later today a report on retail sales, a major indicator, is expected to reveal further growth in the US. Ukraine is also on the traders horizon, after the independence referendum on Sunday added to […]
Read moreMay 13, 2014 7:36 am
Crude oil futures kept around the previous close during early trading in Europe today. Unofficial data on oil inventories in top-consumer US is expected today, ahead of the government report tomorrow. China reported sluggish growth in retail sales and industrial production, pressuring contracts. Ukraine is still in focus, as rebels request to join the constitution […]
Read more