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PRESS DIGEST- Financial Times - October 8
Oct 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- AstraZeneca blood pressure drug succeeds in late-stage trial- UK pledges to defend steel industry after EU says it will raise tariffs to...Reuters
Wed, Oct 8
GRAINS-Wheat slips towards 5-year lows as Russia steps up exports
CANBERRA, Oct 8 (Reuters) - Chicago wheat futures slipped for a third consecutive session on Wednesday as top exporter Russia stepped up the pace of its exports amid abundant global supply. Soybeans also edged lower and corn futures were flat, with large U.S. harvests in full swing and a rise in the...Reuters
Wed, Oct 8
Gold vaults over $4,000 on rush to safety and Fed easing bets
Oct 8 (Reuters) - Gold smashed through $4,000 an ounce to hit a record high on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.Spot gold XAU= was up 0.3% at $3,997.09 p
Reuters
Wed, Oct 8
WTI drifts higher to near $62.00 amid mixed API inventory data
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.90 during the Asian trading hours on Wednesday. The WTI edges higher after a mixed US inventories report. Traders brace for the US Energy Information Administration (EIA) stockpiles report later on Wednesday.
Fxstreet
Wed, Oct 8
METALS-Copper slips on profit-taking as US dollar firms
By Brijesh Patel Oct 8 (Reuters) - Copper prices slipped on Wednesday as a stronger U.S. dollar prompted some investors to book profits after the red metal hit a 16-month high earlier this week on concerns over supply disruptions.Three-month copper on the London Metal Exchange CMCU3 fell 0.6% to ...Reuters
Wed, Oct 8
Oil rises on fading oversupply fear after OPEC+ restrains output increase
By Jeslyn Lerh SINGAPORE, Oct 8 (Reuters) - Oil prices edged higher in early trade on Wednesday as markets started to brush off oversupply fear for the time being, having digested a decision by OPEC+ to restrain November production increases.Brent crude futures LCOc1 was up 40 cents, or 0.6%, to ...Reuters
Wed, Oct 8
EIA hikes US oil output forecast, says oversupply will slash prices
US oil output to average record 13.53 million bpd in 2025By Shariq KhanNEW YORK, Oct 7 (Reuters) - U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that a glut of oil will weighReuters
Wed, Oct 8
Traders seek yuan payment from Indian state buyers of Russian oil, sources say
NEW DELHI/SINGAPORE, Oct 7 (Reuters) - Traders offering Russian oil have begun asking Indian state refiners to pay in Chinese yuan, taking recent signs of improving relations between New Delhi and Beijing as a chance to simplify deals with Indian buyers, trade sour...Reuters
Wed, Oct 8
Gold prices hit record high, nears $4,000/oz mark on safe-haven demand
Oct 8 (Reuters) - Gold prices climbed to an all-time high on Wednesday, nearing the crucial $4,000-per-ounce level, bolstered by economic and geopolitical uncertainty and expectations of additional interest rate cuts by the U.S. Federal Reserve.Reuters
Wed, Oct 8
GRAINS-Wheat slips towards 5-year lows as Russia steps up exports
CANBERRA, Oct 8 (Reuters) - Chicago wheat futures slipped for a third consecutive session on Wednesday as top exporter Russia stepped up the pace of its exports amid abundant global supply. Soybean and corn futures also edged lower, with large U.S. harvests in full swing. FUNDAMENTALS* The most-acti...Reuters
Wed, Oct 8
Gold Price Forecast: XAU/USD edges higher to near $4,000 as traders seek safe-haven
Gold price (XAU/USD) extends the rally to near $3,990 during the early Asian session on Wednesday. The expectation of a US interest rate cut, geopolitical risks and economic uncertainty provide some support to the precious metal. Traders will keep an eye on the FOMC Minutes later on Wednesday.Fxstreet
Tue, Oct 7
Commonwealth LNG wants more time to build planned export facility in Louisiana
By Curtis Williams HOUSTON, Oct 7 (Reuters) - Commonwealth LNG has asked federal regulators for a four-year extension to construct and begin shipping liquefied natural gas from a proposed export facility in Cameron Parish, Louisiana, a regulatory document shows.In a letter to the Federal Energy R...Reuters
Tue, Oct 7
Trump mulls cutting billions in funds from list of clean energy projects
Possibly on chopping block: GM EV plant funding in Lansing, MichiganStellantis Illinois electric truck plant also potential targetBlue Bird electric school bus plant could also get funds cutBy Valerie Volcovici, David Shepardson and Nichola Groom WASHINGTON, Oct 7 (Reuters) - The U.S. govern...Reuters
Tue, Oct 7
LIVESTOCK-Cattle futures gain on higher beef values, tight supplies
By Karl Plume CHICAGO, Oct 7 (Reuters) - Chicago Mercantile Exchange live cattle futures climbed for a third straight session on Tuesday, propelled by rising beef prices and strong gains in the feeder cattle market, analysts said.Feeder cattle futures reached their highest point in six weeks on t...Reuters
Tue, Oct 7
Peru minister touts Saudi mining interest, Chevron offshore potential
By Marco AquinoLIMA, Oct 7 (Reuters) - Peru is pursuing major investments from Saudi Arabia and U.S. oil giant Chevron CVX.N to develop its mining and energy resources, part of a broad strategy to revitalize the sector, a top minister said on Tuesday.The push comes as Peru, the world's third-lar...Reuters
Tue, Oct 7
US Plains HRW Wheat-Basis bids steady to firmer in quiet trade
CHICAGO, Oct 7 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to firmer in the southern U.S. Plains on Tuesday and cash trade was quiet as K.C. HRW futures hovered near contract lows and farmers focused on harvesting corn, sorghum and soybeans, dealers said.The wheat basis firmed...Reuters
Tue, Oct 7
Alphamin Provides Q3 2025 Operational Update
Oct 7 (Reuters) - Alphamin Resources Corp AFM.V:ALPHAMIN PROVIDES Q3 2025 OPERATIONAL UPDATEALPHAMIN RESOURCES CORP - Q3 2025 CONTAINED TIN PRODUCTION 5,190 TONNESALPHAMIN RESOURCES CORP - FY2025 CONTAINED TIN PRODUCTION GUIDANCE INCREASED TO 18,000-18,500 TONNESALPHAMIN RESOURCES CORP - Q3 2025 EBI...Reuters
Tue, Oct 7
CIF/FOB Gulf Grain-Soybean basis bids, export premiums turn higher
CHICAGO, Oct 7 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed on Tuesday, and export premiums continued to rise, as market players awaited fresh direction and news about U.S.-China trade talks, traders said.CIF Gulf soybean barges loaded in October rose 8 ce...Reuters
Tue, Oct 7
CANADA-CRUDE-Discount on Western Canada Select narrows
Oct 7 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Tuesday.WCS for November delivery in Hardisty, Alberta, settled at $10.60 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Monday'...Reuters
Tue, Oct 7
