Serving as a notice that strong gains can't last forever and also as a warning that demand is declining in the world's largest importer of the resources... Brisk falls in April imports of crude oil, iron ore and copper ore are the real warning that commodity-intensive sectors might be losing some momentum. For example construction [...]
The Result Moon Jae-in convincingly won South Korea's presidential election today. He is a liberal politician. This victory will end nearly a decade of conservative ambient, and fetch more conciliatory approach towards North Korea. Moon is going to end months of political turbulence. Which earlier brought to parliament's knockdown of conservative former President Park Geun-hye [...]
Top 5 Important in Today's Market: Wall Street volatility index at 23-year low Global stocks higher as traders look for next catalyst Dollar powers ahead on June rate hike bets Oil extends rebound as OPEC hints at supply cuts beyond 2017 Bitcoin tops $1,700 for first time For more info on these 5 [...]
Tuesday May 9 is a day when copper prices on the SHFE went higher, speaking about Asian morning trade . There is definitely some back up in the release of China’s better-than-expected trade balance. Anyway, gains were suppressed by concerns of weakened demand from the world’s largest copper consumer. Price of the most active SHFE [...]
Today's market had some very stressful outcomes. Volatility was huge, and main base metals and commodities prices were changing their movements unexpectedly, in a way that predictions were mostly positive. Copper Comex copper prices started trading in the new week at the lowest price since December. Among signs of weak global demand, focusing particularly on [...]
Top 5 things about Monday's Market: Macron cruises to victory in France Euro SLIPS as Macron relief rally loses steam Global stocks mixed; Europe trades lower after French election Oil gives up strong overnight gains China's april exports, imports rise less than expected More info on these 5 from: www.investing.com Prices; Monday Overnight [...]
Important facts about today's Market: China Trade Balance (USD) rose to actual 38.05B while forecast was 35.50B China Imports y-o-y fell to actual 11.9% while expected was 18.0% Shangai Futures Exchange: Copper price slided during Asian morning trading hours on Monday May 8. The performance of red metal was weaker, as well [...]
The Result Emmanuel Macron was elected president of France. Sunday May the 7th with a business-friendly vision of European integration, defeating Marine Le Pen. Who is a far-right nationalist who threatened to take France out of the European Union. (Reuters) The centrist's emphatic victory, which also smashed the dominance of France’s mainstream parties, will bring huge relief [...]
The markets are waiting for the biggest public offering in history to become truth. "An IPO so big it will likely make any Silicon Valley unicorn look like a blip in the market." (Forbes) Aramco in Investors eyes Investors will maybe have to wait another year or two, before Aramco goes public. Some doubts on [...]
Base metal prices After seeing a two-days smashing on the close, May the 5th was a widely better for base metals in the afternoon trade. 3-months nickel price went up on $125 per tonne; as it tried to compensate some of its biggest declines this week. Friday's copper’s price was fairly plane and was consolidating [...]
