Eurokurs fällt wieder unter 1,16 US-Dollar
FRANKFURT (dpa-AFX) – Der Euro ist am Mittwoch nach anfänglichen Gewinnen wieder unter 1,16 US-Dollar gefallen. Im Mittagshandel wurde die Gemeinschaftswährung bei 1,1594 Dollar gehandelt. Am Morgen war der Euro noch bis auf 1,1628 Dollar gestiegen. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Dienstagnachmittag auf 1,1602 Dollar festgesetzt. Damit gab der Euro einen […]
EUROPEAN MORNING BRIEF 08/08: SHFE base metals broadly positive
Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Wednesday, with nickel leading the complex higher for the third consecutive trading day. Upward corrections of aluminium premiums worldwide have come to a stop – at least temporarily – due to slack demand for spot P1020 and the reintroduction of metal […]
Germany’s Trimet Aluminium sells auto parts unit to China’s Bohai
HAMBURG, Aug 8 (Reuters) – German aluminium producer Trimet Aluminium said on Wednesday it has completed the sale of its automobile parts business to China’s Bohai Automotive Systems . Trimet in 2017 decided to spin off its automobile aluminium products business. It produces about 13 million parts annually and has sales of about 200 million […]
Gold steady, dollar headwinds on the radar
LONDON, Aug 8 (Reuters) – Gold prices steadied on Wednesday, but expectations of a higher dollar due to rising U.S. interest rates and strong demand for U.S. Treasury bonds seen as a refuge from trade tensions are expected to weigh. Spot gold was unchanged at $1,210.60 an ounce at 1125 GMT compared with $1,204 hit […]
Copper dips as U.S. prepares more tariffs on Chinese goods
LONDON, Aug 8 (Reuters) – Copper edged lower on Wednesday as the United States geared up to begin collecting tariffs on a further $16 billion of Chinese goods later this month. Benchmark copper on the London Metal Exchange slipped 0.5 percent to $6,143 per tonne in official open outcry trading. The metal used in power […]
CME European aluminium premiums show expected uptrend in Q4, 2019
Doubts about whether the US government will lift its sanctions against Russian aluminium producer UC Rusal, as well as a stable contango in London Metal Exchange forward price spreads, are both contributing factors to the renewed bullishness surrounding European aluminium premiums. Participants looking to position themselves ahead of any change in the US Treasury Department’s […]
Vietnam’s scrap prices set to be next benchmark for Asia
(basemetals) Demand for scrap is expected to remain firm due to the rapid growth of steelmaking capacity in the country supported by its fast-growing economy. Vietnam’s gross domestic product is expected to grow 6.7% this year, largely stable in comparison with last year’s 6.81%, according to the Vietnam Steel Association (VSA). Vietnam’s steel demand has […]
Investoren weiten Rohstoff-Longs aus
(shareribs.com) Washington 06.08.2018 – Die Netto-Longs auf Rohstoffe in den USA wurden in der letzten Woche wieder ausgeweitet. Vor allem die veränderte Lage bei Weizen und Mais führte zu der Umschichtung. Die Gold-Shorts stiegen ebenfalls. Wie die Commodity Futures Trading Commission am Freitag mitteilte, haben die spekulativen Finanzinvestoren ihre Netto-Longpositionen auf zwölf in den USA gehandelte […]
Eurokurs legt zu
FRANKFURT (dpa-AFX) – Der Euro hat am Dienstag zugelegt. Bis zum Mittag stieg der Kurs der Gemeinschaftswährung auf 1,1590 US-Dollar. Am Morgen hatte der Euro noch 1,1554 Dollar gekostet. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Montag auf 1,1543 Dollar festgesetzt. Etwas gestützt wurde der Euro durch robuste Außenhandelsdaten aus Deutschland. Die deutschen Ausfuhren […]
EUROPEAN MORNING BRIEF 07/08: Alcoa files Section 232 exemption applications; tariffs threaten China’s lead concs imports
(MB) Base metals prices on the Shanghai Futures Exchange were mostly up during morning trading on Tuesday, with nickel outperforming the rest of the complex with a gain of 1.7%. Global aluminium producer Alcoa has filed a number of product exclusion applications with the US Department of Commerce, requesting a one-year exemption from the country’s […]
