Posts in category

Commodity prices


Stacks of lumber for sale at a home improvement center in Chicago, Illinois. Demand for wood will continue to increase, analysts say. Scott Olson / Getty Images Text size Lumber has been particularly volatile over the past three months, but demand and prices for the raw material are poised for a long-term rise as the …

Pedestrians exit and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS / Neil Hall / File Photo Entain jumps to all-time high on DraftKings buyout proposal Oxford BioMedica benefits from an investment from the Serum Institute of India Soap maker PZ Cussons drops as first quarter revenue falls FTSE 100 up …

Crude oil storage tanks are seen in an aerial photograph at the Cushing Oil Hub in Cushing, Oklahoma, USA, April 21, 2020. REUTERS / Drone Base / File Photo Russia says global oil demand may not return to 2019 levels OPEC + struggles to pump more oil to meet growing demand API shows declining crude …

* European equities, US futures up 1% * Oil ends the days of losses * Key central bank meetings this week in the US, Britain and Japan LONDON, Sept.21 (Reuters) – Global equities stabilized on Tuesday and commodity prices rallied from the previous day’s massive sales as investors grew convinced that the Chinese developer’s distress …

Strong points Seek DOE action, suspend pending permissions LNG group warns against selection of winners by DOE Taking advantage of the rise in natural gas prices in the United States expected this winter, a group of industrialists is pleading with the Department of Energy to limit LNG exports and suspend certain pending export project authorizations. …

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. Soaring energy prices will drive inflation up across Europe this year, hurting consumers and threatening the region’s post-pandemic economic recovery, economists warn. European gas benchmark prices have already tripled this year, even before winter demand peaks. Norway’s …

Even as flagship indices hit record highs, Taher Badshah, Director of Investments – Equities, Invesco Asset Management, says it is an investment market for investors with a good investment horizon, at provided they keep their performance expectations under control. He believes that the continued rise in commodity prices is a greater risk to Indian markets …

(Added strategist comments, market details, price update) * The Canadian dollar weakens 0.5% against the greenback * Hit its lowest level since August 23 at 1.2762 * The price of US oil is 0.9% lower; copper drops 0.7% * Canadian 10-year yield hits 2-month high of 1.300% By Fergal Smith TORONTO, Sept. 17 (Reuters) – …

A worker walks at the Yara ammonia plant in Porsgrunn, Norway on August 9, 2017. Photo taken on August 9, 2017. REUTERS / Lefteris Karagiannopoulos / File Photo OSLO, Sept. 17 (Reuters) – Norwegian company Yara (YAR.OL) is cutting ammonia production at several factories due to soaring natural gas prices, the fertilizer maker said on …

Canada’s main stock market, the resource-rich Toronto Stock Exchange, continues to move largely in line with commodity prices, losing more than 90 points and falling back to near the 20,600 level on Thursday – 300 points below all-time highs intraday earlier this month – with oil little changed and gold falling. Reflecting the decline in …

Round bales of straw drying on the ground are seen in front of the power plant operated by RWE AG near Rommerskirchen, Germany on August 10, 2021. The cost of natural gas and electricity has increased across Europe. Ying Tang | NurPhoto | Getty Images LONDON – Electricity prices in Europe have hit multi-year highs …

Commodities, and base metals in particular, closed last week on a strong note, ignoring the weaker-than-expected Chinese PMI. A weaker US dollar provided support, as did the dovish comments from the Fed’s Jackson Hole meeting. In a virtual speech at the Fed’s annual symposium in Jackson Hole in Kansas City, Federal Reserve Chairman Jerome Powell …

Tyson Foods dismissed comments from the Agriculture Secretary and National Economic Council director on the meat processing industry during a White House press briefing on Wednesday. The Biden administration has said it will take action against what it calls a “concentration” in the meat processing industry. “Four big conglomerates overwhelmingly control meat supply chains, lowering …

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ISLAMABAD – The inflation rate held steady at 8.4 percent in August despite rising food prices. Inflation as measured by the Consumer Price Index (CPI) was recorded at 8.4 percent in August this year, according to the latest data from the Pakistan Bureau of Statistics (PBS). The inflation rate was the same at 8.4 percent …

Commerce Secretary Warns Against Storing Goods To Make Extra Profits Secretary of Commerce Tapan Kanti Ghosh said on Wednesday that strict action would be taken against deceptive traders if they tried to source goods for additional profit. Rising prices of basic necessities in the international market have had an impact on the Bangladeshi market, although …

US stocks rose sharply today to help recover from the steep losses recorded in the extremely volatile trading environment of the past week. The S&P 500 blue chip jumped 0.95% to 4,483.95 points, while the Dow Jones climbed 0.72% to 35,372.11 points. The tech-rich Nasdaq was on track to hit another record, jumping 1.59% to …

Despite the challenges of COVID-19 and inclement weather, rising commodity prices and government support ultimately reversed the trend of the year-over-year increase in Chapter 12 bankruptcies. The American Farm Bureau looked at U.S. court data from June 2020 through June 2021 and found that there were 438 Chapter 12 bankruptcy filings, down 24%. The number …

With thousands of people claiming Kabul airport from others fearing the new rulers without being able to leave the country, the Afghan capital has also seen a massive surge in commodity prices and the suspension of banking services since the Taliban have taken control. As chaos tightened its grip on the war-torn country since the …

Sun Aug 22, 2021 12:00 AM Some traders said wholesalers and importers raised the price of edible oil as demand increased after the lockdown ended. Rajib raihan “> Some traders said wholesalers and importers raised the price of edible oil as demand increased after the lockdown ended. Rajib raihan Essential commodities such as edible oil, …

Commodity prices hitting 10-year highs are good if you are a producer, but they matter even if you invest elsewhere. The most recent earnings season in the United States has been exceptional, even compared to the previous record quarter. MSCI World Q2 earnings per share were up 6.4% quarter-on-quarter and Nasdaq 100 EPS was up …

CFOs settle for less as they strive to reduce the impact of rising costs and supply disruptions on their businesses. Firms in various industries face inflationary pressures caused by factors such as rising commodity prices, supply chain failures, and high demand for shipping capacity. Many of them respond by raising prices, but often this is …

Hindalco, the leading non-ferrous metals company, exceeded expectations with its June quarter (Q1FY22) results. At the consolidated level, he declared Ebitda (earnings before interest, taxes, depreciation and amortization) of Rs 6,790 crore, up 16% quarter-on-quarter (QoQ) and up 188% year-on-year (YoY). Consolidated profit after tax (PAT) was Rs 2,787 crore, up 493% year-on-year and 45% …

By Mary de Wet Summit Midstream Partners LP said on Friday that its natural gas volumes increased in the second quarter and that it sees signs of increased customer activity heading into next year. In the second trimester: Summit Midstream averaged 1,441 MMcf per day of natural gas flow during the three months ended June …

One of the main drivers of the surge in metal prices this year, the world’s largest commodity consumer, China, is showing signs of slowing demand, which could lead to lower prices for copper and ore from iron for the rest of the year after a meteoric rally in the first half. Chinese factory activity growth …

(Bloomberg) – ConocoPhillips topped estimates as rising commodity prices led America’s largest independent oil producer to the highest profit in nearly three years. Conoco posted second-quarter adjusted earnings of $ 1.27 per share, up from $ 1.13 estimated in a Bloomberg survey of analysts. The stock rose 1.9% on the pre-market. US energy companies are …

Potential “Croix d’Or” in the dollar index seen the rise But dollar rally could run out of steam, analyst says Focus on the Fed meeting next week Economists Expect Fed to Advance Tapering Talks NEW YORK, July 23 (Reuters) – The US dollar posted a second week of gains on Friday after a few volatile …

Supply disruptions, drought in China and rebounding demand for electricity have boosted the thermal coal market, making the world’s least-valued commodity one of this year’s best-performing assets. Since the start of the year, the price of Australian high-energy coal – the benchmark for the vast Asian market – has climbed 80% to nearly $ 146 …

(Reuters) – Unilever’s first-half results should give a sign of how the consumer goods giant is dealing with soaring commodity and transportation costs – if it has managed to raise prices without affect sales volumes, or if margins are squeezed. FILE PHOTO: The Unilever logo can be seen at the head office in Rotterdam, the …

The South African Rand coins can be seen in this illustrative photo taken on October 28, 2020. REUTERS / Mike Hutchings / Illustration Rand wipes out all 2021 gains after heavy fall Closures, vaccination delays to weigh on the economic recovery Unemployment in South Africa, one of the highest in the world Possible reduction by …

The value of gold yesterday at Multi Commodity Trade (MCX) plunged ₹318 and closed at ₹48,880 in ranges of 10 g. Nevertheless, primarily based on the opinions of commodity consultants, the correction within the treasured steel is sweet information for bullion traders. They mentioned the value of gold is consolidating and will go as much …

The costs of lumber, corn and copper have climbed this yr. Future costs of all types of commodities have recovered, together with espresso, wheat and petroleum. It is provide and demand, sure, but additionally the commerce in inflation. Commodity costs are typically considered as a barometer of inflation, as they’re necessary commodities utilized by industries …

The worth of gold is rising in nationwide and worldwide markets. In response to commodities specialists, gold may rise farther from present ranges. They are saying the depreciation of the rupee, small financial savings plans pay beneath the rising inflation fee and rising worry of COVID-19 could as soon as once more assist beneficial bullion …

Edward Morse, world head of commodities analysis at Citi Group, in an interview with CNBC-TV18, stated Thursday that he sees a interval of growth for commodities. “Undoubtedly a growth time for commodities,” Morse stated. “It’s deceptive to name it a supercycle or something between a growth and a supercycle,” he added. “You’ll be able to’t …

Early estimates for 2021 wheat manufacturing are optimistic however 45 nations want exterior meals help March 4, 2021, Rome – International meals costs rose for the ninth consecutive month in February, with sugar and vegetable oil costs rising essentially the most, the Meals and Agriculture Group of the United Nations (FAO) reviews immediately . The …

By Ravindra Rao, Kotak Securities MCX Gold The April ahead violated key assist of Rs 44,975 (which is a 78.6% Fibonacci extension of the latest downtrend) and fell to Rs 44,560. In the meantime, the worth s ‘commerce under the decrease restrict of the downward sloping channel with rapid resistance close to Rs 45,550 (5 …

Hedge funds wager that US President Joe Biden’s $ 1.9 billion stimulus bundle will assist spur a resurgence in inflation is beginning to repay, with a number of high managers making large positive factors in early 2021 . Managers like Caxton Associates, Odey Asset Administration and QMA Wadhwani are posting juicy returns as expectations of …

LONDON, (Reuters) – The greenback hit a seven-month excessive towards the yen on Thursday as a extra orderly rise in US Treasury yields offered help forward of a speech by Federal Reserve Chairman Jerome Powell , which might decide the pattern of worldwide bond and foreign money markets. FILE PHOTO: 100 US greenback payments will …

BENGALURU (Reuters) – The reflation commerce that scared forex markets and plunged them into disarray will likely be on the road for not less than a month, in line with a Reuters ballot of strategists, who nonetheless stored their outlook of a weak greenback at long run . FILE PHOTO: A pictorial illustration exhibits US …

Rising international gasoline costs set to push up Sri Lanka’s import invoice, placing stress on currencies Rises in commodity costs put stress on currencies, stress utility corporations and push inflation A number of sectors, together with agro-industry, building and lubricants, shall be affected Prices more likely to rise throughout the board, industrial metals will rise …

Bloomberg Sands sells Vegas motels to Apollo, Vici for $ 6.25 billion (Bloomberg) – Las Vegas Sands Corp., the world’s largest on line casino operator by market worth, has agreed to promote its properties in Las Vegas to Apollo International Administration Inc. and Vici Properties Inc. for $ 6.25 billion {dollars}, refocusing the corporate on …

KANSAS CITY – Regardless of forecasts from the USA Division of Agriculture for document sugar manufacturing in the USA this 12 months and subsequent, audio system on the Digital Worldwide Sweeteners Symposium 2021 on March 2 predict little value change for subsequent 12 months (2021-22 from October 1). “Sellers are simply holding costs from FY2021 …

SYDNEY, March 3 (Reuters) – The Australian and New Zealand {dollars} edged up on Wednesday nearly as good financial information within the nation and powerful commodity costs world wide supported sentiment, whereas bonds calmed down after the declines of final week. The Aussie pushed as much as $ 0.7835 and farther from Friday’s low of …

On the finish of final 12 months, the Republic had 76 MRF. Recycling now represents round 3% of the Republic’s complete turnover. Total, Republic’s complete income was $ 2.573 billion within the fourth quarter, roughly flat 12 months over 12 months, and $ 10.154 billion for the complete 12 months, down 1% in comparison with …

European shares flirted with abandoning a number of the positive aspects made earlier within the week as decrease commodity costs weighed on indexes, however markets got here out Tuesday with massive positive aspects. The pan-European Stoxx 600 SXXP, -0.85% rose 0.3%, whereas London’s FTSE 100 UKX, -0.99% raised 0.64%. Thehe CAC 40 PX1, -0.30% in …

* STOXX 600 recovers preliminary losses * HelloFresh releases the STOXX 600 * Miners earn as base metallic costs stabilize (updates at market shut) By Sruthi Shankar and Ambar Warrick March 2 (Reuters) – The European benchmark inventory index edged up on Tuesday as a steady bond market gave equities some leeway, with main commodity-related …