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METALS-China metals tumble on recession fears amid escalating trade war
SHANGHAI, April 7 (Reuters) - Base metal prices in China tumbled on Monday amid escalating trade war concerns and recession fears, while London metals flipped to a decline after rising on arbitrage trading.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 7.0% to 73,640...Reuters
Mon, Apr 7
COMMODITIES-Oil drops to 4-year low, China metals tumble on recession fears
Trade war escalates with new China tariffs on U.S. goodsInvestors fear full-blown global trade war will ravage economyOil prices hit lowest since 2021 amid recession fearsBase metals, gold prices fall as investors sell off assetsBy Naveen Thukral SINGAPORE, April 7 (Reuters) - Oil slid around 4% ...Reuters
Mon, Apr 7
TIMELINE-How China reduced its reliance on US farm imports and sharpened its trade war toolkit
By Mei Mei Chu April 7 (Reuters) - Since the U.S.-China trade war in President Donald Trump's first term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.As a result, China can now wield the billions it still spends each yea...Reuters
Mon, Apr 7
Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund
By Gabriel AraujoSAO PAULO, April 7 (Reuters) - Reforestation startup Mombak has secured 100 million reais ($17.8 million) in a deal with Santander Brasil SANB3.SA and Brazilian development bank BNDES, it said on Monday, eyeing rapid growth in the carbon removal market.Mombak, which buys degraded la...Reuters
Mon, Apr 7
Australia's Woodside sells Louisiana LNG stake to Stonepeak for $5.7 billion
Stonepeak to acquire 40% interest in Louisiana LNG export terminalWoodside expects deal to ease balance sheet pressures and advance final go-aheadSelldown has partly addressed investor concerns, analyst saysBy Christine Chen and John Biju SYDNEY, April 7 (Reuters) - Woodside Energy WDS.AX, Austra...Reuters
Mon, Apr 7
GRAINS-Chicago soybeans rebound after hitting year low on China tariffs
By Ella Cao and Peter Hobson BEIJING, April 7 (Reuters) - Chicago soybean futures rose on Monday, supported by potential changes to U.S. biofuel policy and a weak dollar, after China's announcement of a 34% tariff on U.S. goods pushed soybean prices to their lowest this year in the previous s...Reuters
Mon, Apr 7
RUBBER-Japan futures sink to over one-year low on deepening tariff turmoil
SINGAPORE, April 7 (Reuters) - Japanese rubber futures logged their steepest daily drop in over four years on Monday as U.S. President Donald Trump's fresh tariffs kicked in, further widening a global trade war and denting demand prospects.The Osaka Exchange (OSE) September rubber contract JRU...Reuters
Mon, Apr 7
China holds military drills at newly expanded Cambodian naval base
BEIJING, April 7 (Reuters) - China and Cambodia on Sunday held joint military exercises at a newly expanded naval base on the coast of the Gulf of Thailand, a facility the United States worries could become a military outpost for the Chinese. Conducted one day after the expanded Ream Naval Base was ...Reuters
Mon, Apr 7
Silver Price Forecast: XAG/USD rebounds above $30.00 amid global trade war
The Silver price (XAG/USD) recovers to around $30.05 during the early European trading hours on Monday. The white metal edges higher as the fear of tariff wars and the potential global recession boost the safe-haven demand.
Fxstreet
Mon, Apr 7
FACTBOX-US companies most vulnerable to China's retaliatory import tariffs
SHANGHAI/BEIJING, April 7 (Reuters) - China's move to impose 34% tariffs on all U.S. goods in a tit-for-tat blow against U.S. President Donald Trump is set to roil industries from aviation to agriculture. Here are some of the U.S. sectors and companies that are set to take the biggest hit: ...Reuters
Mon, Apr 7
RPT-COLUMN-China-US blossoming petchem ties could be trade war casualty: Bousso
U.S. accounted for 62% of China LPG, ethane imports in 2024While China accounted for a third of U.S. LPG, ethane exportsTrade war likely to lead to sharp drop in shipmentsBy Ron Bousso LONDON, April 7 - The often overlooked yet rapidly expanding petrochemical feedstock trade between the United St...Reuters
Mon, Apr 7
PRESS DIGEST - Wall Street Journal - April 7
April 7 (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.- U.S.-based investment firm Stonepeak will acquire a 40% stake in Woodside Energy's WDS.AX Louisiana LNG project and contribute $5.7 bil...Reuters
Mon, Apr 7
Gold price rebounds swiftly from multi-week low; lacks follow-through
Gold price (XAU/USD) stages a goodish intraday bounce from a three-week low, around the $2,972-2,971 region, touched during the Asian session on Monday – and spikes to a fresh daily high, around the $3,055 area in the last hour.Fxstreet
Mon, Apr 7
TECHNICALS-NY coffee may retrace into $3.1785-$3.4310 range in Q2
For more technical analyses, please click SINGAPORE, April 7 (Reuters) - New York coffee KCc2 may retrace into a range of $3.1785 to $3.4310 per lb in the second quarter of 2025, as suggested by its wave pattern and a projection analysis. A big wave (C) from $1.45 seems to have completed around...Reuters
Mon, Apr 7
India sees no hit to projected growth from US tariffs, economists remain sceptical
Govt officials see tariff hikes not to hit 2025/26 growth targetPrivate economists cut growth forecasts by 20-40 basis pointsGovt considering aid for affected export sectors, say sources By Shivangi Acharya and Manoj Kumar NEW DELHI, April 7 (Reuters) - India may still meet its 6.3%-6.8% growth ...Reuters
Mon, Apr 7
Ukrainian drone damages railway tracks in Russia's Krasnodar, regional authorities say
April 7 (Reuters) - A Ukrainian drone suppressed by Russia's air defence systems damaged railways tracks in the Krasnodar region, authorities of the region in Russia's southwest said on Monday. "There were no casualties, and no fire occurred," the administration of the region said in...Reuters
Mon, Apr 7
