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, it was a day of 5-month lows in Oil prices. This happened because of bothers on OPEC glut, and whether it would be extended. Nevertheless promises from Saudi Arabia about Russia's preparation to join OPEC's future cuts. Low Prices of Oil U.S. West Texas Intermediate crude oil futures were more than 3 percent [...]
U.S. Representatives Spokesman of the U.S. aluminum industry are speaking to EU counterparts. They have written to British Prime Minister Theresa May. Asking urgent action against "massive illegal subsidies" in China that bluster Western jobs. Trade lawyers and some governments accuse China of unfairly subsidizing major industries in breach of the rules of the World [...]
Oil prices tumbled lower today, May 3. Right after the U.S. government data showed a smaller-than-expected decline in domestic crude inventories. There was also shown a weak demand for gasoline. And it is feeding bothers about a supply glut. Oil Numbers & Data Benchmark Brent crude LCOc1 was down 8 cents at $50.38 a [...]
Financial Markets on Wednesday: Fed expected to stand pat on rates Jobs data and service sector activity to serve as prelude to Fed Apple sales disappoint, shares off 1.5% Oil bounces back from 1-month low Global stocks show caution ahead of Fed decision LME on Wednesday: “Prices have dropped this morning but [...]
Important Facts about Today's Market: New Zealand Employment Change QoQ rose to actual 1.2% (forecast 0.8%) Germany Unemployment Change - 30K actual (forecast -10K) UK Construction Purchasing Managers Index (PMI) fell to actual 52.2(forecast 52.4) The US ADP Nonfarm Employment Change to actual 263K (forecast 187K) Also US ISM Non-Manufacturing PMI fell to 55.2 [...]
Important to know of Today's flashing news: United Kingdom Gross Domestic Product (GDP)QoQ fell to actual 0.3% (while forecast was 0.4%) UK GDP year on year fell bellow the forecast to actual 2.1% (2.2% forecast) European Consumer Price Index (CPI) YoY grew to actual 1.9% (while forecast was 1.8%) Russian Federation Interest Rate Decision fell [...]
Essentially lower levels Base metals prices started a holiday-shortened week mostly on the defensive. With LME premarket trading on Tuesday April 18 seeing lower levels. – Potentially supportive macroeconomic developments were shrugged off. The exception was aluminium. It pushed higher on weekend news that planned Chinese capacity extensions were being put on ice. [...]
Brazil copper ore export volumes Brazil’s ore export volumes fell 4.7% year-on-year in March. Exports totalled 95,829 tonnes. Down from 100,528 tonnes in March 2016. The main destination for the Brazilian copper ore was India. With an intake of 31,583 tonnes last month. About 70% of the shipments came from the northern state of [...]
Global OIL Demand In the beginning, after nearly three years of surplus production, global demand for oil is finaly close to run out. Non counting the growth in the overhang of unused crude oil. International Energy Agency said that in March, oil stocks in OPEC fell by 17.2 million barrels per day. “Over [...]
