News
Important Only
South Korea, China agree to continue talks on rare earth trades, Korean industry ministry says
SEOUL, Dec 12 (Reuters) - South Korea's Industry Minister Kim Jung-kwan and China's Commerce Minister Wang Wentao agreed to continue talks on the trade of rare earths between the two countries, the South Korean industry ministry said in a statement on Friday. The ministers had a meeting in B...Reuters
Fri, Dec 12
GRAINS-Soybeans set for second weekly drop on ample supply, China demand woes
CANBERRA, Dec 12 (Reuters) - Chicago soybean futures fell on Friday and were on track for a second consecutive weekly drop, as support from a softer dollar and recent Chinese purchases was offset by ample supplies and doubts China will buy enough to stem further declines.Wheat futures edged higher a...Reuters
Fri, Dec 12
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
Silver hits record high at $64.31/oz on ThursdayWeekly jobless claims at 4-1/2-year highsAll metals headed for weekly gainsBy Ishaan Arora Dec 12 (Reuters) - Gold prices held near a seven-week high on Friday, supported by expectations of more interest rate cuts next year after the U.S. Federal ReReuters
Fri, Dec 12
Gold retreats from multi-week top amid risk-on mood; downside seems limited
Gold (XAU/USD) edges lower during the Asian session on Friday and erodes a part of the previous day's strong gains, snapping a three-day winning streak to the $4,285-4,286 region, or the highest level since October 21.
Fxstreet
Fri, Dec 12
PRESS DIGEST-British Business - December 12
Dec 12 (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- Drax Group DRX.L said it could convert part of its power station in Yorkshire, northern England, into a...Reuters
Fri, Dec 12
TECHNICALS-CBOT soybeans may retest resistance at $10.95-1/4
For more technical analyses, please click SINGAPORE, Dec 12 (Reuters) - The CBOT soybean January contract SF26 may retest resistance at $10.95-1/4 per bushel, a break above which could lead to a gain into $10.99-1/4 to $11.04 range.As long as the market hovers above support at $10.89, it may extend ...Reuters
Fri, Dec 12
Mitsubishi Chemical Group: Units To Transfer Lithium-Ion Battery Electrolyte Manufacturing Assets In U.S. And UK To Green E Origin SARL To Respond To Long-Term Growth Of Market
Dec 12 (Reuters) - Mitsubishi Chemical Group Corp 4188.T:MITSUBISHI CHEMICAL GROUP: UNITS TO TRANSFER LITHIUM-ION BATTERY ELECTROLYTE MANUFACTURING ASSETS IN U.S. AND UK TO GREEN E ORIGIN SARL TO RESPOND TO LONG-TERM GROWTH OF MARKETSource text: https://www.mcgc.com/english/news_release/02496.htmlReuters
Fri, Dec 12
METALS-Shanghai copper hits record high as China promises fiscal boost
BEIJING, Dec 12 (Reuters) - Shanghai copper prices rose to a record high on Friday and were on track for a third consecutive weekly gain, bolstered by top consumer China's promise of fiscal boost next year and the U.S. Federal Reserve's interest rate cut and balance sheet expansion.The most-...Reuters
Fri, Dec 12
Oil prices up on US-Venezuela tensions, but set for weekly decline
By Yuka Obayashi TOKYO, Dec 12 (Reuters) - Oil prices rose on Friday as the prospect of the U.S. intercepting more Venezuelan oil tankers deepened supply concerns, but remained on track for a weekly decline amid optimism over a possible Russia-Ukraine peace agreement.Brent crude futures LCOc1 ros...Reuters
Fri, Dec 12
GRAINS-Soybeans steady but set for second weekly drop on demand woes
CANBERRA, Dec 12 (Reuters) - Chicago soybean futures held steady on Friday, but remained on track for a second weekly drop, as support from a softer U.S. dollar and Chinese buying was offset by pressure from ample supplies and sluggish U.S. exports demand.Wheat futures rose and corn futures were unc...Reuters
Fri, Dec 12
Torrential rains unleash widespread flooding, evacuations in Pacific Northwest
Heavy downpours triggered by atmospheric river stormTens of thousands under evacuation orders in Washington state Dozens of roads, rail lines closed and washed outMost major Canadian highways to Vancouver cut offBy David Ryder and Steve Gorman SNOHOMISH, Washington, Dec 11 (Reuters) - Heavy rains...Reuters
Fri, Dec 12
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US Dollar
Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.Fxstreet
Fri, Dec 12
LIVESTOCK-CME cattle futures climb on firmer cash markets
By Julie Ingwersen CHICAGO, Dec 11 (Reuters) - Chicago Mercantile Exchange (CME) cattle futures climbed on Thursday to their highest levels since late October following a jump in cash prices for slaughter-ready cattle, brokers said.Cash cattle traded in Kansas, Texas and Nebraska at $230 per hund...Reuters
Fri, Dec 12
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 12 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$60.66res $61.98/$62.38Palm oil (3rd month)4,023/3,971 ringgitres 4,056/4,082 ringgitWTI(1st month)$57.07res $58.36/$59.17Spot gold$4,292/$4,312sup $4,260/$4,240/$4,209LME...Reuters
Fri, Dec 12
Caribbean nations team up to cut power costs, revive geothermal push
Geothermal projects gain traction after recent breakthroughsEastern Caribbean reserves could power region many times overCountries reviving pursuit of clean and cheaper powerIslands collaborate to cut costs amid slow grants flowBy Sudarshan Varadhan BELEM, Brazil, Dec 11 (Reuters) - Five Caribbea...Reuters
Thu, Dec 11
