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EUROPE GAS-Prices steady with focus on Norway supply, storage
June 6 (Reuters) - Dutch and British wholesale gas prices were little changed on Friday morning as maintenance in Norway continued to curb supplies and the need to refill European storage sites remained a factor supporting prices. The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 i...Reuters
Fri, Jun 6
HSBC flags downside risks to Brent price outlook due to OPEC+ supply hikes
June 6 (Reuters) - HSBC said on Friday it expects OPEC+ to accelerate supply hikes in August and September, which is likely to raise downside risks to its $65 per barrel Brent forecast from the fourth quarter of 2025.Reuters
Fri, Jun 6
RUBBER-Japan futures hit 1-week high on hopes of easing US-China trade tensions
TOKYO, June 6 (Reuters) - Japanese rubber futures climbed to a one-week high on Friday, supported by hopes of easing U.S.-China trade tensions, but the contract booked a modest weekly loss amid signs of weakness in the U.S. economy.The Osaka Exchange (OSE) rubber contract for November delivery JRU...Reuters
Fri, Jun 6
METALS-London copper set for weekly gain on easing trade tensions, supply concerns
By Hongmei Li SINGAPORE, June 6 (Reuters) - London copper ticked up on Friday and was on track to end the week higher, boosted by hopes of an easing in U.S.-China trade tensions and concerns about supply disruptions.The three-month copper contract on LME CMCU3 gained 0.1% to $9,746 per metric ton...Reuters
Fri, Jun 6
Drone attack set fire to industrial site in Russia's Engels, governor says
MOSCOW, June 6 (Reuters) - Drones attacked an industrial enterprise in Russia's southern city of Engels on Friday, causing a fire, the regional governor said.Video posted on social media and verified by Reuters showed a fire burning fiercely and emitting huge clouds of black smoke.Governor Roman...Reuters
Fri, Jun 6
WTI wobbles around $62.20 with US NFP on the horizon
West Texas Intermediate (WTI), futures on NYMEX, trades sideways around $62.20 during European trading hours on Friday. The Oil price consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Fxstreet
Fri, Jun 6
Perils issues final estimate for German floods of 1.56 billion euros
By Michael JonesJune 6 - (The Insurer) - Loss aggregator Perils has disclosed a fourth and final industry loss estimate of 1.56 billion euros ($1.78 billion) for the flooding that affected parts of southern Germany between May 31 and June 6, 2024.The updated figure is down from the 1.58 billion euro...Reuters
Fri, Jun 6
Exclusive: Axis Re hires Chubb Tempest Re's Spencer as marine senior underwriter
By Michael JonesJune 6 - (The Insurer) - Chubb Tempest Re's James Spencer has resigned from the firm to take up a position at Axis Re, four senior marine reinsurance market sources told The Insurer.One senior reinsurance source said that Spencer will be based in London and will hold the role of ...Reuters
Fri, Jun 6
PRECIOUS-Gold rises as weak US data outweighs optimism from Trump-Xi call
US non-farm payroll data due at 1230 GMTFed officials say inflation as key risk than job market slowdownAll four metals set for weekly gainsBy Anmol Choubey June 6 (Reuters) - Gold rose on Friday and was set for weekly gains, as a spate of soft U.S. economic data outweighed initial optimism over ...Reuters
Fri, Jun 6
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.43 per barrel, down from Thursday’s close at $62.65.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.83 after its previous daily close at $65.05.Fxstreet
Fri, Jun 6
Silver Price Forecast: XAG/USD maintains position above $36.00 near multi-year highs
Silver price (XAG/USD) remains stronger for the second successive session, maintaining its position near the highest level since February 2012. The price of the grey metal is trading around $36.00 per troy ounce during the Asian hours on Friday.
Fxstreet
Fri, Jun 6
Gold price trades with positive bias below $3,400, multi-week top ahead of US NFP
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and reverses a part of the previous day's retracement slide from levels just above the $3,400 mark or over a four-week peak.Fxstreet
Fri, Jun 6
PRESS DIGEST- Wall Street Journal - June 06
June 5 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Boston Consulting Group said it fired two North American partners involved in an Israeli-American effort to distribute humanitarian aid in G...Reuters
Fri, Jun 6
Australia PM rules out easing biosecurity rules ahead of Trump meet
PM says any compromise on biosecurity 'not worth it'Australia's curbs on U.S. beef due to disease concernsAlbanese looks forward to meeting Trump By Renju Jose and Peter Hobson SYDNEY/CANBERRA, June 6 (Reuters) - Australia will not relax its strict biosecurity rules during tariff ta...Reuters
Fri, Jun 6
GRAINS-Soybean firm, set for weekly gain on US-China trade optimism
Trump, Xi agree to more talks as trade disputes brewWheat market supported by Russia-Ukraine tensionsBy Naveen Thukral SINGAPORE, June 6 (Reuters) - Chicago soybean rose for a fourth consecutive session on Friday, with the market set for a weekly gain on expectations of improved U.S.-China trade ...Reuters
Fri, Jun 6
Musk-Trump breakup puts $22 billion of SpaceX contracts at risk, jolting US space program
Trump threatens to cancel Musk companies' contracts amid tax cut bill disputeMusk says SpaceX to decommission Dragon spacecraft, then appears to back off Unprecedented feud threatens to shake up U.S. space programBy Joey Roulette WASHINGTON, June 5 (Reuters) - About $22 billion of SpaceX'...Reuters
Fri, Jun 6
RUBBER-Japan futures rise on hopes of easing US-China trade tensions
TOKYO, June 6 (Reuters) - Japanese rubber futures touched a one-week high on Friday, buoyed by hopes of easing U.S.-China trade tensions, but the contract was set for a modest weekly loss amid signs of weakness in the U.S. economy.The Osaka Exchange (OSE) rubber contract for November delivery JRUc...Reuters
Fri, Jun 6
Canada, China agree to establish communication channels, PM Carney's office says
OTTAWA, June 5 (Reuters) - Canadian Prime Minister Mark Carney and Chinese Premier Li Qiang agreed to establish regular communication channels between Canada and China in a call on Thursday, the prime minister's office said.Carney and Li also discussed trade between the two countries, and commit...Reuters
Fri, Jun 6
