News
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Citi raises first-quarter average tin price forecast, sees easing in second quarter
Adds details and background throughout Feb 28 (Reuters) - Citi Research raised its average tin price forecast for the first quarter of 2025 to $32,000 per metric ton from $29,000 on Friday but noted that prices will start easing from the second quarter.The bank raised its price view amid physical...Reuters
Fri, Feb 28
London copper hits over two-week low as Trump tariffs loom
NEW DELHI, Feb 28 (Reuters) - London copper prices hit a more than two-week low on Friday, as the dollar firmed on U.S. President Donald Trump's imminent tariff plans. Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.5% to $9,346.5 a metric ton as of 0704 GMT, and was down 2% on...Reuters
Fri, Feb 28
BRIEF-Fugro Expects Current U.S. Market Dynamics To Limit 2025 Revenue Growth
Feb 28 (Reuters) - Fugro NV FUGR.AS:DIVIDEND INCREASE TO EUR 0.75 PER SHARE (2023: EUR 0.40)OUTLOOK 2025: CONTINUED DELIVERY ON MID-TERM TARGETS, WITH EBIT MARGIN WELL WITHIN MID-TERM RANGE OF 11-15%, FULL-YEAR REVENUE GROWTHFY 20% INCREASE IN OPERATING CASH FLOW TO EUR 406 MILLIONQ4 EBITDA EUR 119....Reuters
Fri, Feb 28
Trump, Zelenskiy to sign minerals deal at White House meeting
Trump's stance on Ukraine shifts, impacting European securityMinerals deal lacks U.S. security guarantees, disappointing UkraineTrump-Zelenskiy feud over war handling and minerals dealBy Steve Holland WASHINGTON, Feb 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy is set to meet with U...Reuters
Fri, Feb 28
Gold price dives to over two-week low amid further USD recovery, ahead of US PCE data
Gold price (XAU/USD) drifts lower for the second straight day – also marking the third day of a negative move in the previous four – and drops to over a two-week low, around the $2,861-2,860 region during the Asian session on Friday. The US Dollar (USD) prolongs this week's recovery move from its lo
Fxstreet
Fri, Feb 28
TECHNICALS-CBOT soybeans may retest support at $10.35
For more technical analyses, please click SINGAPORE, Feb 28 (Reuters) - The CBOT soybean May contract SK25 may retest support at $10.35 per bushel, a break below which could open the way towards $10.27-1/2.A small wedge formed between February 25 and February 27. It makes a part of a more bearish pe...Reuters
Fri, Feb 28
GRAINS-Wheat and corn find their feet after sell-off
Adds comment, updates prices CANBERRA, Feb 28 (Reuters) - Chicago wheat and corn futures steadied on Friday after tumbling in the previous session due to projections that U.S. farmers will plant more of both crops this year, concerns that tariffs will impact agricultural trade, and a stronger...Reuters
Fri, Feb 28
China's Chery Auto applies for Hong Kong IPO
Recasts and writes throughSHANGHAI, Feb 28 (Reuters) - China's Chery Automobile has applied for an initial public offering in Hong Kong, seeking funds to develop new vehicles and technologies as well as to expand in global markets and improve domestic production facilities.Its filing with the Ho...Reuters
Fri, Feb 28
GRAINS-Wheat and corn steady after US planting forecasts worsen sell-off
CANBERRA, Feb 28 (Reuters) - Chicago wheat and corn futures steadied on Friday after tumbling in the previous session due to expectations of increased U.S. plantings, a ramping up of U.S. tariffs and a stronger dollar. Having hit multi-month highs just last week, wheat was heading for its biggest we...Reuters
Fri, Feb 28
PRESS DIGEST-British Business - February 28
Feb 28 (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- UK's online supermarket Ocado Group OCDO.L is to axe a further 500 jobs as it scales back its research and dev...Reuters
Fri, Feb 28
METALS-London copper set for weekly losses as dollar firms on Trump tariffs
NEW DELHI, Feb 28 (Reuters) - London copper prices eased on Friday, and were on track to post weekly losses, as the dollar firmed on U.S. President Donald Trump's imminent tariff plans.Three-month copper on the London Metal Exchange (LME) CMCU3 edged lower 0.1% to $9,377 a metric ton as of 0221 ...Reuters
Fri, Feb 28
Oil heads for first monthly drop since November as economic uncertainty weighs
Brent, WTI head for first drop in three monthsPDVSA, Chevron may strike new agreement to export Venezuelan oil - sourcesOPEC+ debating whether to increase supply in April - sourcesBy Florence Tan SINGAPORE, Feb 28 (Reuters) - Oil prices eased on Friday, heading for their first monthly drop sinceReuters
Fri, Feb 28
PRECIOUS- Gold set for first weekly drop in nine; focus on US inflation data
Feb 28(Reuters) - Gold edged higher on Friday but was set to snap an eight-week winning streak on a stronger dollar, while investors turned their focus to a key U.S. inflation data for cues into the Federal Reserve's monetary policy trajectory.FUNDAMENTALS* Spot gold XAU= was up 0.1% at $2,879.0...Reuters
Fri, Feb 28
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Feb 28 (Reuters) - Contract Target Support/Resistance Brent oil $73.36/$72.91/$72.19res $74.08/$74.76/$75.25Palm oil (3rd month)4,476/4,453 ringgitres 4,542/4,583/4,608 ringgitWTI* $69.59/$68.94res $70.76/$71.32Spot gold$2,867/$2,847res $2,887/$2...Reuters
Fri, Feb 28
California wildfire fund may shield Edison balance sheet from fire claims, company says
Adds more about fire investigation in last three paragraphs Feb 27 (Reuters) - California's $21 billion wildfire fund may shield Edison International's EIX.N balance sheet if equipment owned by the company's electric utility is found to have caused a deadly Los Angeles fire last month...Reuters
Thu, Feb 27
