Supply concerns push copper prices higher
LONDON, Feb 18 (Reuters) – Copper prices rose on Monday, with traders concerned that supply will be tight after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export permit had expired. Better than expected Chinese lending data on Friday, meanwhile, suggested that […]
Gold: Achtmonatshoch im Visier
London (GodmodeTrader.de) – Gold legt zu Wochenbeginn im Zuge der US-Dollar-Schwäche auf breiter Basis zu. Mit bislang 1.325,30 US-Dollar je Feinunze ist dem Edelmetall der Sprung über das am 31. Januar 2019 bei 1.326,45 US-Dollar erreichte Achtmonatshoch jedoch bislang noch nicht gelungen. Den US-Dollar belastet die Hoffnung, dass die USA und China einen Weg finden […]
GLOBAL ALUMINIUM BILLET WRAP: Premium slide continues in Europe
Most global aluminium billet premiums fell or were flat on Friday February 15, with demand muted in most markets and participants waiting to see the effect of the removal of sanctions against UC Rusal by the United States. Premiums across Europe fall due to oversupply and poor demand. The US upcharge falls, with participants bearish. […]
Gold at 2-wk high on trade deal hopes; palladium peaks
Feb 18 (Reuters) – Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high. Spot gold had gained 0.1 percent to $1,322.41 per ounce as of 0747 GMT. The […]
Deutscher Jobmotor läuft auf hohen Touren etwas langsamer
WIESBADEN (Dow Jones)Die Zahl der Erwerbstätigen in Deutschland ist im vierten Quartal 2018 zwar weiter gestiegen, doch die Wachstumsdynamik war im Jahresverlauf rückläufig. Im Vergleich zum Vorjahr stieg die Zahl der Erwerbstätigen um 507.000 Personen oder 1,1 Prozent auf rund 45,2 Millionen mit Arbeitsort in Deutschland, wie das Statistische Bundesamt (Destatis) mitteilte. Im ersten Quartal […]
LIVE FUTURES REPORT 18/02: SHFE base metals prices all up on renewed optimism
Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Monday February 18, with market sentiment boosted by positive trade developments and data releases at the end of last week. “Positive signs in the US-China trade talks helped boost sentiment across markets, with base metals benefiting in […]
Shanghai base metals climb as China lending data brightens demand outlook
BEIJING, Feb 18 (Reuters) – Shanghai base metals rose across the board in early trade on Monday, buoyed by optimism over the outlook for demand after China’s banks made the most new loans on record in January. Copper hit a near two-month high in Shanghai despite a big boost in Chinese inventories of the metal […]
Freeport Indonesia has not received new copper export permit
JAKARTA, Feb 18 (Reuters) – * PT Freeport Indonesia’s copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message. * The unit of Freeport McMoRan […]
Verschärfte US-Sanktionen zielen auf russischen Energiesektor
New York (Godmode-Trader.de) – In dieser Woche wurde in Washington ein Gesetzentwurf vorgelegt, um den Kreml wegen mutmaßlicher Einmischungen in die US-Wahlen und „bösartigen Einflusses“ in Ländern wie Syrien oder der Ukraine zu sanktionieren. Sollte das Gesetz in Kraft treten, sind Investitionen in russische Flüssiggasanlagen außerhalb des Landes sowie die Lieferung von Kapital, Technologie oder […]
Trump says may extend March 1 deadline for China trade deal
WASHINGTON, Feb 15 (Reuters) – U.S. President Donald Trump said on Friday he may extend a March 1 deadline for reaching a trade deal with China while keeping current tariffs in place, adding that the negotiations are “very complicated.” “There is a possibility that I will extend the date,” Trump told a news conference in […]
