News
Important Only
France's Engie posts slight rise in first-quarter profit
PARIS, May 15 (Reuters) - French utility Engie ENGIE.PA posted a 0.5% rise in first-quarter earnings on Thursday, as weaker hydropower conditions and lower power prices weighed on gains in its transmission business. The company, which produces, transports and sells gas and electricity, said earn...Reuters
Thu, May 15
JPMorgan forecasts rise in copper, aluminium prices in second half of year
May 15 (Reuters) - JPMorgan on Wednesday forecast copper prices to average $9,225 a metric ton in the second half of this year and aluminium to average $2,325."Better-than-expected U.S.-China trade reprieve reduces recession probabilities, diminishing downside tail risks to both base metals dema...Reuters
Thu, May 15
COLUMN-Asia's refined fuel imports drop, but margins still hold: Russell
By Clyde Russell LAUNCESTON, Australia, May 15 (Reuters) - Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.Total imports of light and middle...Reuters
Thu, May 15
Gold price dives to over one-month low, seems vulnerable near $3,150 area
Gold price (XAU/USD) drifts lower for the second straight day, also marking its third day of a negative move in the previous four, and drops to over one-month low, below the $3,150 level during the Asian session on Thursday.Fxstreet
Thu, May 15
GRAINS-Chicago soybeans retreat from nearly 10-month high as soyoil slumps; wheat rises
By Ella Cao and Lewis Jackson BEIJING, May 15 (Reuters) - Chicago soybean futures fell on Thursday from the nearly 10-month high hit in the last session, weighed down by a sharp decline in soyoil prices following crude oil's drop on a surprise U.S. inventory build and renewed hopes for a U.S....Reuters
Thu, May 15
Japan to seek 3rd round of trade talks next week, sources say
Date of Akazawa's visit fluid, depend on staff-level talksJapan open to buy more U.S. corn, soy, shipbuilding cooperationDeep gap remains over exemptions to US car, auto parts tariffsBy Yoshifumi TakemotoTOKYO, May 15 (Reuters) - Japan's top trade negotiator, Ryosei Akazawa, could travel to ...Reuters
Thu, May 15
METALS-Caution over US-China tariff truce drags metals lower
SHANGHAI, May 15 (Reuters) - Prices of most base metals in London edged lower on Thursday, as the U.S.-China tariff truce sparked caution amid uncertainty over various trade deals. Benchmark copper CMCU3 on the London Metal Exchange (LME) fell 0.6% to $9,533 a metric ton on 0146 GMT.Reuters
Thu, May 15
GRAINS-Chicago soybeans retreat from 10-month high; wheat rises
BEIJING, May 15 (Reuters) - Chicago soybean futures fell from 10-month highs on Thursday, pressured by weaker soyoil prices after crude oil tumbled on a surprise build in U.S. inventories. Corn also came under pressure, while wheat stabilised after hitting its lowest level in nearly five years in th...Reuters
Thu, May 15
PRECIOUS-Gold inches higher as investors buy the dip ahead of US data
May 15 (Reuters) - Gold prices edged higher on Thursday as investors took advantage of lower levels after the metal hit a one-month low in the previous session, while market participants now await U.S. Producer Price Index data for clearer economic direction.FUNDAMENTALS* Spot gold XAU= was up 0.2% ...Reuters
Thu, May 15
COLUMN-Light Chinese soy imports should raise eyebrows: Braun
By Karen Braun NAPERVILLE, ILLINOIS, May 14 (Reuters) - China’s soybean imports recently dipped to a 12-year low, and trade estimates suggest the overall intake pace could still be sluggish by mid-year. But top supplier Brazil has harvested a record crop and its latest export volumes to China hav...Reuters
Thu, May 15
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 15 (Reuters) - Contract Target Support/Resistance Brent oil $64.57/$63.88res $65.69/$66.38Palm oil (3rd month)3,921/3,887 ringgitres 3,972/4,010/4,034 ringgitWTI* $61.50/$60.78res $62.65/$63.37Spot gold$3,135/$3,090res $3,206/$3,251LME copper...Reuters
Thu, May 15
Gold Price Forecast: XAU/USD posts modest gains above $3,150 on better risk appetite
The Gold price (XAU/USD) trades with mild gains near $3,180 during the early Asian session on Thursday. However, the potential upside for the yellow metal might be capped in the near term due to better risk appetite and progress in trade talks.Fxstreet
Thu, May 15
Judge to hear Mali's request to reopen Barrick mine under new management, official says
Barrick's operations in Mali halted over taxes, new mining codeArbitration case ongoingMali holds 20% stake in Barrick's Loulo-Gounkoto complexBy Portia Crowe and Divya Rajagopal DAKAR/TORONTO, May 14 (Reuters) - A court in Mali will hold a hearing on Thursday to consider a request made b...Reuters
Wed, May 14
Citi lifts short-term Brent price forecast to $60/bbl
May 14 (Reuters) - Citi Research on Wednesday lifted its three-month Brent crude forecast by $5 to $60 per barrel but held its second-quarter and third-quarter averages at $62 and $63, respectively, still expecting a downward move as "probabilities skewing toward a US–Iran nuclear deal."...Reuters
Wed, May 14
US oil prices drop more than $1 as inventory build raises oversupply fear
By Yuka Obayashi TOKYO, May 15 (Reuters) - U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply.U.S. West Texas Intermediate (WTI) crude CLc1 futures slid $1.21, or 1.9%, to ...Reuters
Wed, May 14
Venture Global urges FERC to reaffirm approval for Louisiana LNG project
May 14 (Reuters) - U.S. liquefied natural gas company Venture Global VG.N is seeking approval by June 26 to construct its CP2 plant in Louisiana, according to a letter sent to Federal Energy Regulatory Commission Chairman Mark Christie on Wednesday. The U.S. is the world's largest exporte...Reuters
Wed, May 14
