May 7, 2014 12:21 pm
Copper futures saw bearish trading before noon in Europe, as negative factory reports from China continued pressuring the industrial metal. On Thursday a report on Chinese foreign trade is expected to show a contraction in exports. Previously, data on Friday stoked confidence for the red metal, as employment figures in the US reached multi-year highs. […]
Read moreMay 7, 2014 9:59 am
Natural gas futures dropped some of yesterdays gains during early European trading hours, as weather reports project warmer US over the following days. Heating demand is expected to be below average. Traders await government data on natgas inventories in the US tomorrow, as last weeks heatwave in the West is expected to have pressured gains. […]
Read moreMay 7, 2014 8:59 am
Gold futures added during early trading in Europe today, as tensions in Ukraine grew. More separatists actions, alongside only limited successes by Kiev bumped-up safe-haven demand. Elsewhere, the US economy saw further reports of improvement, pressuring the precious metal. Gold futures due in June traded for $1 312.7 per troy ounce at 8:56 GMT on […]
Read moreMay 7, 2014 7:39 am
West Texas Intermediate marked gains during early trading in Europe today, after a private research body suggested supplies in the US have fallen. Meanwhile, Brent also added, while traders await the official report on stockpiles later today. The conflict in Ukraine helped put a floor on prices, as battles were inconclusive and risks weighed. West […]
Read moreMay 6, 2014 8:23 am
Gold contracts kept steady during early trading in Europe, after on Monday news of intense battles in Ukraine prompted increased safe-haven demand. Recent data, signifying the improving state of the US economy was not enough to overcome the risk-off mentality of investors, though long-term pressure remains. Gold futures due in June traded for $1 311.1 […]
Read moreMay 5, 2014 8:15 am
Crude oil futures gained on intensifying battles in Ukraine during early hours in Europe today, after being pressured by a bearish report on factory activity in China. Previously, data from the EU and US improved demand outlooks, supporting crude. West Texas Intermediate futures for delivery in June traded for $100.37 per barrel at 8:12 GMT […]
Read moreMay 4, 2014 7:31 am
Natural gas settled for a weekly gain on Friday, though significantly improving stockpiles in the US brought earlier advances on cooler weather down. Forecasts for the following week put temperatures at near-normal over most of the US, allowing for bigger gains in inventories. Front month natural gas futures, due in June, closed for a 0.59% […]
Read moreMay 3, 2014 6:15 am
Crude oil was pressured by a second week of record-high supplies in the US. Positive data from the worlds top economy stoked bullish sentiment, after poor Chinese figures. Libyan exports set to rise, while the conflict in Ukraine continued to escalate. West Texas Intermediate futures for delivery in June closed for $99.76 per barrel on […]
Read moreMay 2, 2014 1:25 pm
Safe-haven metals were pressured during afternoon trade in Europe today, as improving employment data from the US added to previous manufacturing and consumer reports. The figures solidify positive outlooks for the worlds largest economy, after Feds vote of confidence. Copper also felt the major news for the US, but traded above the last close, after […]
Read moreMay 2, 2014 11:59 am
New York copper added modest gains before noon in Europe today. Strong figures on factory activity in the US and EU off-set somewhat disappointing data from China yesterday. US unemployment rate eyed. Copper futures for July, the most traded contract on the COMEX in New York, traded for $3.0365 per pound at 11:58 GMT, adding […]
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