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The Weakest Base Metal of 2018 Is Morgan Stanley's Top Pick

March 21, 2018 / in.investing.com

(Bloomberg) -- Aluminum is Morgan Stanley’s preferred base metal, with supply reforms in China as well as higher costs and stronger demand poised to push prices higher over the second half.The metal will average $2,114 a metric ton this year, and while prices may ease to $2,072 a ton next quarter amid continued oversupply, they’ll rise to $2,094 in the third, and reach $2,116 in the fi...Read More

UPDATE 1-Zambia targets one million tonnes copper output this year

January 01, 1970 / in.investing.com

(Adds quotes, details)LUSAKA, March 20 (Reuters) - Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday.Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the me...Read More

Gold / Silver / Copper Prices - Weekly Outlook: March 19 - 23

January 01, 1970 / in.investing.com

Investing.com - Gold prices fell on Friday to settle at their lowest level in two weeks as the dollar remained supported by expectations for a rate hike at the upcoming Federal Reserve meeting this week.Gold futures for April delivery settled down 0.27% at $1,314.20 on the Comex division of the New York Mercantile Exchange. It was the lowest close since March 1. For the week, prices were down 0.88...Read More

GLOBAL MARKETS-Markets watchful as U.S. turmoil tests investors' nerves

January 01, 1970 / in.investing.com

(Adds US stock index futures, updates prices)* Stocks waver after three days of losses* World stocks set for weekly loss despite record inflows* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eased on Friday as...Read More

GLOBAL MARKETS-Markets watchful as fresh U.S. turmoil tests investors' nerves

January 01, 1970 / in.investing.com

* World stocks waver after three days of losses* European shares livened up by dealmaking, set for weekly loss* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Weaker dollar lifts copper prices, oil edges up* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eas...Read More

UPDATE 1-UK Stocks-Factors to watch on March 15

January 01, 1970 / in.investing.com

(Adds company news items and futures)March 15 (Reuters) - Britain's FTSE futures FFIc1 were flat ahead of the cash market open on Thursday.* SHELL: Royal Dutch Shell RDSa.L Chief Executive Ben van Beurden saw his total remuneration in 2017 rise to 8.9 million euros ($11 million) from 8.6 million the previous year. JUST GROUP: Annuity provider Just Group JUSTJ.L posted a record 35 percent rise in 2...Read More

UK Stocks-Factors to watch on March 15

January 01, 1970 / in.investing.com

March 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points higher at 7,135 on Thursday, according to financial bookmakers.* SHELL: Royal Dutch Shell RDSa.L is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first company to supply LNG to the area. GLENCORE: Glencore Plc GLEN.L , the world's bigg...Read More

METALS-Mounting LME inventories undermine zinc prices

January 01, 1970 / in.investing.com

* LME/ShFE arb: LME zinc stocks up nearly 60 pct since March 3* Nickel hits two-week high above $14,000/T (Adds news of industrial action and closing prices)By Pratima DesaiLONDON, March 14 (Reuters) - Zinc prices slipped on Wednesday as inventories in London Metal Exchange-approved warehouses climbed, but support came from expectations of stronger demand in top consumer China.Benchmark zinc CMZN3...Read More

GLOBAL MARKETS-Trade war concerns hit shares, dollar

January 01, 1970 / in.investing.com

* World equity index down 2nd day but Europe, U.S. futures up* Trump seeking tariffs of up to $60 bln on Chinese goods-sources* Tariff threat overshadows strong China factory, investment data* Trump fires Tillerson, raising prospect of political uncertainty* Dollar stuck near one-week low, bond yields down (updates throughout)By Sujata RaoLONDON, March 14 (Reuters) - Shares were under pressure for...Read More

GLOBAL MARKETS-Renewed trade war fears pummel world shares, dollar

January 01, 1970 / in.investing.com

* World equity index further off one-month high as Asian markets fall* Trump seeking tariffs of up to $60 bln on Chinese goods-sources* Tariff threat overshadows strong China factory, investment data* Trump fires Tillerson, raising prospect of political uncertainty* Dollar stuck near one-week low, bond yields down (Updates prices throughout, changes dateline, quotes)By Sujata RaoLONDON, March 14 (...Read More

METALS-Aluminium supported as China seen sustaining supply cuts

January 01, 1970 / in.investing.com

* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Adds closing prices, India steel, technicals)By Zandi ShabalalaLONDON, March 13 (Reuters) - Aluminium prices inched higher on Tuesday on speculation China may sustain supply cuts after winter production curbs expire in two days.Benchmark aluminium on the London Metal Exchange CMAL3 ended 0.6 percent higher at $2,103 per tonne, a...Read More

UPDATE 1-Pound pummels FTSE, results roil mid caps

January 01, 1970 / in.investing.com

* FTSE 100 down 1.1 pct at close; mid caps down 1.3* Dollar drop helps sterling after Trump fires Tillerson* Greencore plunges after co cuts guidance (Recasts, adds quote and detail, updates prices at close)By Danilo Masoni and Kit ReesLONDON/MILAN, March 13 (Reuters) - Britain's top share index succumbed to gains in the pound on Tuesday after U.S. President Donald Trump fired Secretary of State R...Read More

UK shares weighed down by disappointing earnings, eyes on US data

January 01, 1970 / in.investing.com

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 flat; mid caps down 0.4* Warning hammers Greencore; TC ICAP (LON:NXGN) down on profit miss* Antofagasta gains after raising dividendBy Danilo MasoniMILAN, March 13 (Reuters) - Disappointing earnings updates among mid caps weighed on UK shares on Tuesday as investors awaited U.S. inflation data for clues on the spe...Read More

UPDATE 1-UK Stocks-Factors to watch on March 13

January 01, 1970 / in.investing.com

(Adds company news items and futures)March 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 13 points lower at 7,202 on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.13 percent ahead of the cash market open.* FEVERTREE DRINKS: Fevertree Drinks Plc FEVR.L reported a 64 percent jump in full-year core earnings as the tonic water maker benefited from Britain's thir...Read More

Gold / Silver / Copper Prices - Weekly Outlook: March 12 - 16

January 01, 1970 / in.investing.com

Investing.com - Gold prices rebounded from the lows of the day on Friday to close slightly higher after the U.S. dollar edged lower as February’s U.S. jobs report dampened expectations for a faster rate of rate hikes this year.Gold futures for April delivery settled up 0.17% at $1,324.00 on the Comex division of the New York Mercantile Exchange. For the week, prices were almost unchanged.Fri...Read More

GLOBAL MARKETS-Stocks, oil rally on U.S. jobs data, Korea news

January 01, 1970 / in.investing.com

(Updates prices, changes comment)* Global assets year-to-date http://tmsnrt.rs/2jvdmXl* Wall St up as jobs jump, wage data soothes inflation worries* Yen off as BOJ remains dovishBy Rodrigo CamposNEW YORK, March 9 (Reuters) - Stock markets across the globe rose the most in two weeks on Friday after U.S. job growth posted a sharp, unexpected increase, while a planned meeting between U.S. President...Read More

GLOBAL MARKETS-Stocks rally on jobs data, Korea news; dollar slides

January 01, 1970 / in.investing.com

(Updates prices, changes comments, dateline from previous LONDON)* Crude prices rise after two days of losses* Wall Street up as wage data soothes inflation worries* Yen off as BOJ remains dovishBy Rodrigo CamposNEW YORK, March 9 (Reuters) - World stock markets advanced on Friday after U.S. job growth posted its biggest increase in more than 1-1/2 years, but the U.S. dollar slipped against most pe...Read More

GLOBAL MARKETS-Who's the enemy? Draghi asks as trade war tensions simmer

January 01, 1970 / in.investing.com

* Hopes of milder U.S. tariffs support market sentiment* Europe up 0.2 pct, Nikkei up 0.5 pct, Hang Seng up 1.4 pct* Dollar steadies; Mexico peso, C$ recover* ECB's inflation forecast subdued; hints at bond plansBy Marc JonesLONDON, March 8 (Reuters) - A sense of calm returned to global markets on Thursday, as traders took a break from worrying about a global trade war and focused instead on the E...Read More

Deals of the day-Mergers and acquisitions

January 01, 1970 / in.investing.com

(Adds Ammeraal Beltech, Engie, Advent, RWE, Tata Steel , SmurfitKappa, Renault , Inovalon Holdings, Standard Chartered ; UpdatesMTS)March 7 (Reuters) - The following bids, mergers,acquisitions and disposals were reported by 2100 GMT onWednesday:** Greece could sell up to a 51 percent stake in its biggestoil refiner Hellenic Petroleum HEPr.AT to meet a key conditionof its international bailou...Read More

GLOBAL MARKETS-Stocks pare losses on possible U.S. tariff exemptions; oil slides

January 01, 1970 / in.investing.com

(Updates to U.S. market close)* U.S. data drags crude prices lower* U.S. stocks off lows; Europe edges up* U.S. dollar pares lossesBy Rodrigo CamposNEW YORK, March 7 (Reuters) - A key gauge of world stockmarkets slipped on Wednesday but ended far above session lows,as fears that U.S. President Donald Trump will proceed withprotectionist tariffs and risk a global trade war were temperedby signs the...Read More

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