EUROPEAN MORNING BRIEF 16/05: Force of new technology pushing LME volumes higher
(MB) Base metals prices on the Shanghai Futures Exchange diverged during Asian morning trading on Wednesday, with rising stocks and a surge in the dollar sinking copper. The increased acceptance by humans that they cannot battle against the rise of technology and algorithmic trading has brought numerous changes to the type of trades taking place […]
U.S. ‚looking for a deal‘ with China on trade
WASHINGTON/TOKYO, May 15 (Reuters) – The United States is seeking a trade deal with China, White House economic adviser Larry Kudlow said on Tuesday as talks between the world’s two economic powerhouses resume in Washington this week. Kudlow, speaking in a live interview with Politico news outlet, said he backed U.S. Treasury Secretary Steven Mnuchin’s […]
Copper struggles as dollar hovers near five-month peak
MANILA, May 16 (Reuters) – London copper futures struggled to recover on Wednesday after a two-day slide as the U.S. dollar hovered near a five-month high versus a basket of major currencies following a surge in Treasury yields. Three-month copper on the London Metal Exchange was little changed at $6,812 per tonne by 0156 GMT. […]
Deutsche Wirtschaft verliert an Tempo
Wiesbaden (dpa) – Der schwächelnde Außenhandel hat die exportorientierte deutsche Wirtschaft gebremst. Das Bruttoinlandsprodukt (BIP) stieg im ersten Quartal 2018 mit 0,3 Prozent gegenüber dem Vorquartal nur noch halb so stark wie Ende 2017, wie das Statistische Bundesamt in einer ersten Schätzung mitteilte. Im vierten Quartal vergangenen Jahres hatte sich die Wirtschaftsleistung in Europas größter […]
UAE trader looking to expand into gold refining in Africa
HONG KONG, May 15 (Reuters) – Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday. The group, headquartered in the United Arab Emirates, is seeking a total investment of $246 million for the refineries and […]
Gold: Stärkerer US-Dollar belastet
Washington (GodmodeTrader.de) – Gold fällt am Dienstagmorgen im Zuge der Erholung des US-Dollars auf breiter Basis nach seinem jüngsten Kursrücksetzer zurück und notierte bislang bei 1.309,86 US-Dollar je Feinunze im Tief. Von der eskalierten Gewalt im israelisch-palästinensischen Konflikt zu Wochenbeginn konnte Gold als „sicherer Hafen“ nicht profitieren. Am Montag sind 59 Palästinenser im Gazastreifen an […]
EUROPEAN MORNING BRIEF 15/05: SHFE base metals prices diverge
(MB) Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning trading on Tuesday, with copper down amid disappointing Chinese data and rising stock levels. Mass production of electric vehicles (EVs) will transform the nickel market, which must evolve from pricing and supply perspectives in order to meet the anticipated […]
Devisen: Eurokurs gesunken – Lira nach Erdogan-Aussagen unter Druck
FRANKFURT (dpa-AFX) – Der Euro hat am Dienstag im frühen Handel nachgegeben. Am Morgen kostete die Gemeinschaftswährung 1,1917 US-Dollar und damit weniger als am Vortag. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Montag auf 1,1988 (Freitag: 1,1934) Dollar festgesetzt. Der Dollar kostete damit 0,8342 (0,8379) Euro. Händler führten die Kursverluste beim Euro auf eine […]
China aluminium smelters ramped up output in April as prices rallied
BEIJING, May 15 (Reuters) – China’s aluminium production rose in April to its highest level on a daily basis since June, as higher aluminium prices encouraged smelters to ramp up output in their first full month after the end of winter restrictions. Output in the world’s top producer rose by 1.1 percent to 2.77 million […]
LME copper eases for 2nd day on supply pressure
SINGAPORE, May 15 (Reuters) – London copper prices slid for a second session on Tuesday, coming under pressure from a rise in stockpiles of the metal used in power and construction. FUNDAMENTALS: * Three-month copper on the London Metal Exchange fell 0.2 percent to $6,873 a tonne by 0139 GMT and the most-traded contract on […]
