(Bloomberg View) -- The Bloomberg Spot Commodities Index has risen for 14 straight days to its highest since 2014. But don't expect the euphoria to last: 2018 will be a year of just modest growth.Although each commodity has its own idiosyncratic characteristics and market, there are major macroeconomic factors influencing global prices.China: As the largest consumer and producer of most global com...Read More
Investing.com - Gold prices fell on Thursday after the minutes from the Federal Reserve’s December meeting showed that officials discussed a faster pace of rate increases this year.Comex gold futures were trading at $1,312.50 a troy ounce by 03:36 AM ET (08:36 AM GMT) after sliding 0.27% the previous day when prices fell back from a three-and-a-half month high of $1,322.70.Prices of the prec...Read More
Investing.com - Gold prices eased on Wednesday, pulling back from the previous days three month highs as the firmer dollar weighed.Comex gold futures were trading at $1,315.70 a troy ounce by 04:36 AM ET (09:36 AM GMT). Prices rose as high as $1,322.90 on Tuesday, the strongest level since September 18, propelled higher by the weaker dollar.Recent weakness in the dollar has supported gold prices b...Read More
* U.S. stocks close higher, boosting global shares* European equities close lower* Euro and sterling gain while dollar drops (Updates to U.S. market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to it...Read More
* Oil trades near strongest levels since mid-2015* Media, retail stocks rise after positive broker recommendations* Casino stocks hit by downbeat December gambling revenue* Indexes up: Dow 0.2 pct, S&P 0.62 pct, Nasdaq 1.2 pct (Updates to early afternoon)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of 2018 on Tuesday, driven by gains i...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.25 pct, S&P 0.63 pct, Nasdaq 1.16 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of the year on Tuesday, driven by technology...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.45 pct, S&P 0.35 pct, Nasdaq 0.31 pct (Updates to open)By Sruthi ShankarJan 2 (Reuters) - Wall Street's main indexes were higher on Tuesday, the first trading day of the year, buoyed by gains in technology and consumer discretionary...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Netflix gains after upgrade* Futures up: S&P 86 pts, Dow 8.25 pts, Nasdaq 25.25 pts (Adds comment, adds details, updates prices)By Sruthi ShankarJan 2 (Reuters) - Wall Street was poised for an upbeat session on the first trading day of 2018, fueled by strong commodity prices and a weak dolla...Read More
* Futures up: S&P 6 pts, Dow 33 pts, Nasdaq 7.5 ptsBy Sruthi ShankarJan 2 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Tuesday, the first trading day of 2018, signaling a continuation of the solid run from last year.Major stock indexes closed out 2017 with their best year since 2013, lifted by a combination of strong economic growth, solid corporate earnings, l...Read More
LUSAKA, Jan 2 (Reuters) - A London court has ordered Zambia Vedanta VED.L unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines...Read More
* Asia shares ex-Japan cheered by upbeat China survey* Dollar downtrodden after suffering worst year since 2003* Commodities benefit from dollar weakness, China demand* Oil prices hover near highest since mid-2015* European shares squeeze down by currency strengthBy Marc JonesLONDON, Jan 2 (Reuters) - The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat C...Read More
* STOXX 600 down 0.3 pct* Autos stocks dented by weaker French car registrations* Mining sector reverses after impressive run* IAG deal to buy Niki assets weighs on Lufthansa (Updates prices, adds detail, quotes)By Helen ReidLONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and an impressive run-up in metals and mining stocks revers...Read More
Investing.com - Gold prices rose to fresh three month highs on Tuesday in the first trading day of 2018, propelled higher by a weaker dollar.Comex gold futures rose 0.21% to $1,312.20 a troy ounce by 03:45 AM ET (08:45 AM GMT), the strongest level since September 26.Recent weakness in the dollar has supported gold prices by making the dollar-denominated metal cheaper for holders of other currencie...Read More
LONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as an impressive run-up in metals and mining stocks reversed, while strength in oil companies and banks was not enough to stop the slide.The pan-European STOXX 600 .STOXX index dipped 0.2 percent in early deals, while euro zone stocks .STOXXE fell 0.3 percent.Basic resources stocks weighed the most, with...Read More
Investing.com - A weaker dollar helped propel gold prices to a three-month high back above the $1,300 level on Friday in the final trading day of 2017.Gold futures for February delivery settled up 0.61% at $1,305.10 on the Comex division of the New York Mercantile Exchange, its highest close since September.For the year, the precious metal gained 14%, the largest yearly percentage gain since 2010....Read More
(Bloomberg) -- Commodities started the end-of-year party early.The Bloomberg Commodity Index, which measures returns on 22 raw materials, closed up 11 days in a row -- a repeat on Friday would result in the longest run in records dating back to 1991. While the index has been lifted this month by gains in crude oil, copper and gold, it still remains well below 2008 highs.Big OilWest Texas Intermedi...Read More
* U.S. stocks open lower, trimming a strong year of gains* World stocks at highs (Updates to U.S. stock market open; Changes byline and dateline, previous LONDON/SYDNEY)By Trevor HunnicuttDec 29 (Reuters) - Markets are ending 2017 in a party mood after a pick-up in global growth boosted corporate profits and commodities, while tame inflation kept central banks from snatching away the punch bowl of...Read More
Investing.com - Gold prices hit a fresh one-month high on Friday in holiday-thinned trading and was on track for its best annual gains since 2010 as weakness in the dollar supported the precious metal.Comex gold futures rose 0.12% to $1,298.70 a troy ounce by 4:18AM ET (9:18GMT) Friday, just off its intraday high of $1,299.00 which was its highest level since November 29.Futures were on the rise f...Read More
(Corrects reference to euro's performance in 16th paragraph to 2003 from 2013)* Dollar index stuck near 1-month low* Seasonal factors seen weighing on dollar at year's end* Australian, Canadian dollars at 2-month highsBy Shinichi SaoshiroTOKYO, Dec 29 (Reuters) - The dollar wallowed near a one-month low against a basket of currencies on Friday, while commodity currencies such as the Australian and...Read More
* Dollar index stuck near 1-month low* Seasonal factors seen weighing on dollar at year's end* Australian, Canadian dollars at 2-month highsBy Shinichi SaoshiroTOKYO, Dec 29 (Reuters) - The dollar wallowed near a one-month low against a basket of currencies on Friday, while currencies like the Australian and Canadian dollars were at two-month highs thanks to firmer commodity prices.The dollar inde...Read More