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CORRECTED-METALS-Metals fall on tariff worries but zinc gains on Nyrstar's output cut
SHANGHAI, March 13 (Reuters) - Most London metals fell on Thursday on the heels of escalating tariffs, although zinc rose to a more than seven-week high on Nyrstar cutting its production in Australia.Donald Trump threatened on Wednesday to escalate a global trade war with further tariffs on European...Reuters
Thu, Mar 13
PRECIOUS-Gold firms as US tariff uncertainty, cooler inflation data lend support
$3000/oz is the next logical target for gold, analyst saysU.S. CPI increased less than expected last monthU.S. PPI data due at 1230 GMTBy Anjana Anil March 13 (Reuters) - Gold prices edged up on Thursday as persisting uncertainty over tariffs drove safe-haven demand, while a cooler-than-expected ...Reuters
Thu, Mar 13
RUBBER-Japan futures end lower as trade jitters offset soft supply outlook
SINGAPORE, March 13 (Reuters) - Japanese rubber futures retreated from early gains on Thursday as concerns over a trade conflict weighed on market sentiment, outweighing support from a tight supply outlook. The Osaka Exchange (OSE) August rubber contract JRUc6, 0#2JRU: closed down 6 yen, or 1.75%,...Reuters
Thu, Mar 13
INSIGHT-Gazprom's grandeur fades as Europe abandons Russian gas
Gazprom's Europe-facing export arm considers selling lavish offices, sources sayDown to just a handful of employees, job cuts also approved at headquarters, sources sayEuropean buyers cast doubt on return to Russian gas in case of Ukraine peaceRussia's gas exports to China unlikely to replac...Reuters
Thu, Mar 13
TECHNICALS-CBOT soybeans may climb into $10.10-1/4 to $10.15 range
For more technical analyses, please click SINGAPORE, March 13 (Reuters) - The CBOT soybean May contract SK25 may climb into a range of $10.10-1/4 to $10.15 per bushel, following its stabilization around support at $9.96-3/4.The support is near the bottom of a wave b, which explains why the bounce wa...Reuters
Thu, Mar 13
INSIGHT-How faulty parts at Boeing's 787 jets flew below the radar in Italy
Italian sub-contractor supplied faulty parts for Boeing jets in 2017-20 via Leonardo - prosecutorsSupplier passed repeated audits while allegedly using low-grade metals - court documentsAlleged scam uncovered thanks to chance police find, sources sayIndustry experts call for random checks on aviatio...Reuters
Thu, Mar 13
Freeport Indonesia targets 2025 copper output at 1.67 billion lbs
JAKARTA, March 13 (Reuters) - Copper miner Freeport Indonesia has set its copper output target at 1.67 billion pounds in 2025 and 1.58 billion pounds in 2026, its chief executive officer told a parliamentary hearing on Thursday.The company also projected concentrate output at 3.29 million tons in 20...Reuters
Thu, Mar 13
Ercot Issues Operating Condition Notice Due To A Potential Wildfire Risk
March 13 (Reuters) - ELECTRICITY RELIABILITY COUNCIL OF TEXAS (ERCOT):ISSUING AN OPERATING CONDITION NOTICE DUE TO A POTENTIAL WILDFIRE RISK FOR A LARGE PORTION OF ERCOT REGION MAINLY WEST OF I-35 CORRIDOR, PANHANDLE AREASReuters
Thu, Mar 13
Gold price eyes record high amid rising trade tensions, Fed rate cut bets
Gold price (XAU/USD) trades with a positive bias for the third consecutive day and climbs to over a two-week high, around the $2,942-2,943 region during the Asian session on Thursday. Concerns about rising trade tensions and the potential economic slowdown in the wake of US President Donald...
Fxstreet
Thu, Mar 13
PRESS DIGEST-British Business - March 13
March 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Britain's payment regulator, the Financial Conduct Authority (FCA), has dropped plans to name firms subject...Reuters
Thu, Mar 13
US agency slashes its estimate of Vietnam's rare earth reserves in major revision
HANOI, March 13 (Reuters) - The U.S. Geological Survey has significantly revised down its estimate of Vietnam's rare earth reserves to 3.5 million metric tons from 22 million tons, a change that if verified could affect the country's ambitions to be a rare earths powerhouse. Rare earths are ...Reuters
Thu, Mar 13
METALS-Metals trade mixed; zinc at over 7-week high on Nyrstar's output cut
SHANGHAI, March 13 (Reuters) - London metals traded mixed on Thursday as a cooler-than-expected U.S. inflation print bolstered rate cut expectations, while zinc surged to a more than seven-week high on Nyrstar cutting production in Australia.U.S. consumer price index in February increased less than ...Reuters
Thu, Mar 13
Oil eases on concerns about escalating tariff wars' impact on global economy
TOKYO, March 13 (Reuters) - Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks. ...Reuters
Thu, Mar 13
RUBBER-Japan futures recoil as trade war woes offset off-season tight supply
SINGAPORE, March 13 (Reuters) - Japanese rubber futures retreated on Thursday as concerns over global trade conflict weighed on market sentiment, outweighing support from tight supply outlook. The Osaka Exchange (OSE) August rubber contract JRUc6, 0#2JRU: was down 4.3 yen, or 1.25%, at 338.9 yen (...Reuters
Thu, Mar 13
