EUROPEAN MORNING BRIEF 18/09: SHFE base metals prices mixed
(MB) Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday, with the complex reacting to news that the United States had imposed new tariffs on $200 billion’s worth of Chinese goods overnight. The Chinese government is poised to directly target the US non-ferrous metals and ore sector in […]
IWF warnt London vor «erheblichen Kosten» ohne Brexit-Pakt
London/Birmingham (dpa) – Ein Ausstieg Großbritanniens aus der EU ohne ein Abkommen mit Brüssel wird nach Ansicht des Internationalen Währungsfonds (IWF) die Wirtschaft der Insel erheblich schwächen. Unvermeidbare Folgen wären unter anderem ein reduziertes Wachstum, sehr wahrscheinlich ein höheres Defizit und eine Abwertung des britischen Pfundes, warnte IWF-Chefin Christine Lagarde bei der Vorlage des Jahresberichts […]
Relief for Rusal, but aluminium’s political risks remain
LONDON, Sep 17 (Reuters) – The United States has thrown Russian aluminium company Rusal a lifeline by loosening sanctions imposed on the company in April. Critically, the U.S. Treasury has tweaked its sanctions to allow Rusal to enter into new contracts with existing customers. This is good news for the Russian company, which has been […]
Rusal shares rise as U.S. gives it some room for new contracts
MOSCOW, Sept 17 (Reuters) – Shares in Russian aluminium giant Rusal, which has been hit by U.S. sanctions, rose on Monday after Washington said it would allow the company’s customers prior to the imposition of sanctions to sign new contracts. Rusal shares were up 3 percent in Hong Kong, outperforming a 1.3 percent decline in […]
Gold takes support from softer dollar, but more weakness seen
LONDON, Sept 17 (Reuters) – A softer dollar lifted gold on Monday after two sessions of declines, but investors prepared for more weakness as simmering U.S.-China trade tensions suggested the currency would stay supported and the world’s largest economy remained robust. Spot gold was up 0.4 percent at $1,197.43 an ounce by 1000 GMT after […]
LIVE FUTURES REPORT 17/09: SHFE base metals prices broadly down
(MB) Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday September 17, with the complex pressured by weak Chinese macroeconomic data and trade war concerns.The most-traded November copper contract price on the SHFE dropped to 47,940 yuan ($6,979) per tonne as at 9.50am Shanghai time, down by […]
VW fährt E-Auto-Fertigung hoch
WOLFSBURG/ZWICKAU (dpa-AFX) – Volkswagen will den Wandel zum E-Autobauer beschleunigen und hat seine Produktionsziele dafür enger festgezurrt. Die insgesamt 27 Modelle von vier Konzernmarken, die auf Basis der neuen Elektro-Plattform anlaufen sollen, werden für das Jahr 2022 angepeilt. Dies kündigte E-Mobilitäts-Vorstand Thomas Ulbrich unternehmensintern an, wie die Deutsche Presse-Agentur erfuhr. Es geht um den modularen […]
Gold treads water on reports new China tariffs imminent
BENGALURU, Sept 17 (Reuters) – Gold prices were little changed early Monday, after falling 0.6 percent in the previous session, as investors remained cautious on reports that the United States is set impose a new round of tariffs on Chinese imports. FUNDAMENTALS: * Spot gold was flat at $1,193 an ounce as of 0039 GMT. […]
Base metal prices slump as new U.S. tariff threat looms
BEIJING, Sept 17 (Reuters) – Base metals prices fell sharply in early Asian trade on Monday on reports that U.S. tariffs on $200 billion of Chinese goods could be imposed immediately. The tit-for-tat trade row between the world’s top two economies has left investors fearing that demand for industrial metals will soften. FUNDAMENTALS: * COPPER: […]
Gold profitiert von nachlassendem Inflationsdruck
Washington (GodmodeTrader.de) – Gold legt zum Wochenschluss im Umfeld von US-Dollar-Verlusten auf breiter Basis zu und notierte bislang bei 1.208,56 US-Dollar je Feinunze im Hoch. Unterstützung bekam der Goldpreis dabei von den am Donnerstag gemeldeten US-Verbraucherpreisen. Diese waren im August wie schon im Vormonat um 0,2 Prozent im Monatsvergleich gestiegen. Analysten hatten jedoch im Konsens […]
