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METALS-Copper edges up to two-week peak on hopes for trade deals
By Eric Onstad LONDON, July 23 (Reuters) - Copper prices touched their highest in over two weeks on Wednesday as a U.S.-Japan trade deal boosted sentiment, although gains were capped over concern about surpluses and rising inventories.Three-month copper CMCU3 on the London Metal Exchange was litt...Reuters
Wed, Jul 23
Gold rally pauses as US-Japan deal offers temporary relief, Fed pressure and EU risks linger
Gold (XAU/USD is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)–Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)–US negotiations.
Fxstreet
Wed, Jul 23
PRECIOUS-Safe-haven gold edges lower as US-Japan trade deal eases some uncertainty
Spot gold hit highest level since June 16 earlier in the sessionUS, China to discuss tariff deadline extensionSpot silver at highest since September 2011By Anmol Choubey and Anushree Mukherjee July 23 (Reuters) - Gold prices edged lower on Wednesday as a U.S.-Japan trade agreement announced by U....Reuters
Wed, Jul 23
Freeport-McMoRan beats quarterly profit estimates on higher copper prices
July 23 (Reuters) - Miner Freeport-McMoRan FCX.N beat Wall Street estimates for second-quarter profit on Wednesday, boosted by higher copper prices.The company reported an adjusted profit of 54 cents per share for the three months ended June 30, compared with analysts' average estimate of 45 cen...Reuters
Wed, Jul 23
RPT-BREAKINGVIEWS-Japan trade deal breaks US tariff template
By Una Galani HONG KONG, July 23 (Reuters Breakingviews) - Everything is up for grabs. That's the takeaway from the U.S.-Japan trade pact Donald Trump and Shigeru Ishiba revealed on Wednesday. By setting tariffs on U.S. imports from the Asian country at 15%, including autos, the U.S. presiden...Reuters
Wed, Jul 23
Gold Price Forecast: XAU/USD eyes triangle breakout, aims to revisit all-time highs around $3,500
Gold price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions continue to persist even as the United States (US) has confirmed a trade agreement with Japan.Fxstreet
Wed, Jul 23
PRESS DIGEST-Canada - July 23
July 23 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL Federal Industry Minister Mélanie Joly says aerospace and shipbuilding are areas where Canada can excel as the go...Reuters
Wed, Jul 23
Angola's offshore CLOV Phase 3 development starts oil production, statement says
CAPE TOWN, July 23 (Reuters) - Angola's offshore CLOV Phase 3 development started production on Wednesday, adding 30,000 barrels per day to the country's oil output, national oil and gas agency ANPG said in a statement.Reuters
Wed, Jul 23
GRAINS-Wheat rises after Russia trims harvest estimate
CANBERRA/PARIS, July 23 (Reuters) - Chicago wheat futures rose on Wednesday, extending gains from the previous session, after top exporter Russia trimmed its harvest and export forecasts, but gains were limited by ample global supply.Soybean futures climbed following a decline in U.S. crop ratings a...Reuters
Wed, Jul 23
Equinor eyes tighter gas market as lower oil prices hit Q2 profit
European gas storage remains below last yearCEO eyes tighter market in autumn, winterAdjusted Q2 profit before tax drops to $6.54 billion Analysts had predicted a profit of $6.53 billion Maintains outlook for 4% output growth in 2025By Nerijus Adomaitis OSLO, July 23 (Reuters) - Europe's gas ...Reuters
Wed, Jul 23
Japan crude steel output falls for third straight month in June
Decline reflects sluggish local demand, weak exportsFirst-half crude steel output drops 5% year-on-yearMETI projects output to fall 2.3% in July-September quarterBy Yuka Obayashi TOKYO, July 23 (Reuters) - Crude steel output in Japan, the world's No.3 producer, fell 4.4% in June from a year a...Reuters
Wed, Jul 23
FACTBOX-Cancelled and postponed green hydrogen projects
MADRID, July 23 (Reuters) - Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.Here are some projects that have been cancelled, postponed or scaled back. ...Reuters
Wed, Jul 23
FOCUS-Green hydrogen retreat poses threat to emissions targets
Shelved projects knock lofty ambitions for green hydrogenSubsidies alone are not enough to drive investment Prices remain uncompetitive compared with alternativesBy Pietro Lombardi, Nina Chestney and Riham Alkousaa MADRID/LONDON/BERLIN, July 23 (Reuters) - Green hydrogen developers are cancelling...Reuters
Wed, Jul 23
Turkey wants SDF to show it abides deal with Damascus, source says
ISTANBUL, July 23 (Reuters) - The Kurdish-led Syrian Democratic Forces (SDF) must prove it is adhering to a recent integration agreement with the Syrian government, a Turkish defence ministry source said on Wednesday. Syria's territorial integrity is essential for regional stability and Ankara i...Reuters
Wed, Jul 23
Germany's offshore wind roll-out stalls in H1, lobbies want auction design reforms
FRANKFURT, July 23 (Reuters) - Germany left installed offshore power wind capacity unchanged in the first half of 2025 and industry groups on Wednesday urged the government to introduce improved auction measures this year to ensure more turbine additions.As of June 30, 2025, the country had 9.2 giga...Reuters
Wed, Jul 23
Equinor sees risk of tighter European gas market in autumn, winter
OSLO, July 23 (Reuters) - The lower filling levels so far this year of European gas storages could lead to a tighter market for natural gas during the upcoming autumn or winter, Equinor EQNR.OL CEO Anders Opedal told Reuters on Wednesday.Reuters
Wed, Jul 23
Blaming Trump, Equinor books a $955 million US offshore wind writedown
Empire Wind 1, South Brooklyn Marine Terminal face $763 million impairmentRegulatory changes impact future US offshore wind projectsTariff raises project's steel cost by £300 millionEquinor halts Empire Wind 2 development plansBy Gwladys Fouche and Nerijus Adomaitis OSLO, July 23 (Reuters) - ...Reuters
Wed, Jul 23
EUROPE GAS-Prices rise as weaker renewable power output drives demand
LONDON, July 23 (Reuters) - Dutch and British wholesale gas prices rose on Wednesday morning as forecasts for weaker production from wind and solar power plants increased demand for gas from power plants.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up 0.55 euro at 33.56 eur...Reuters
Wed, Jul 23
METALS-Shanghai metals ease as initial optimism over Beijing's growth pledge fades
By Hongmei Li SINGAPORE, July 23 (Reuters) - Prices of most traded metals on the Shanghai Futures Exchange eased on Wednesday, as initial euphoria over Beijing's recent pledge to stabilize industrial growth faded and traders kept a close watch on developments in China-U.S. trade talks.SHFE al...Reuters
Wed, Jul 23
