News
Important Only
India to ramp up purchases of US oil, arms, aircraft; open some farm access
By Shivangi Acharya NEW DELHI, Feb 3 (Reuters) - India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official, as the two sides reconcile after months of tensions...Reuters
Tue, Feb 3
METALS-Copper gains foothold after hard correction as supply woes persist
Feb 3 (Reuters) - Copper gained a foothold on Tuesday after plunging in the last two sessions, as supply concerns and demand prospects offered support to the red metal. The most-active copper contract on the Shanghai Futures Exchange SCFcv1 climbed 2.60% to close daytime trading at 104,500 yuan ($15...Reuters
Tue, Feb 3
Libya plans to boost gas exports to Europe by 2030
DOHA, Feb 3 (Reuters) - Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production to up to nearly 1 billion st...Reuters
Tue, Feb 3
Taiwan must look to democracies, not China, for trade cooperation, president says
Taiwan, US held high-level economic talks last weekLai speaking as opposition delegation visits BeijingChina claims Taiwan as its own territory over Taiwan's objectionBy Yimou Lee and Ben Blanchard TAIPEI, Feb 3 (Reuters) - Taiwan must look to fellow democracies, not China, for trade and econ...Reuters
Tue, Feb 3
WTI falls to near $61.50 on possible US-Iran de-escalation
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.60 during the early European trading hours on Tuesday. The WTI price tumbles after reports that the United States (US) and Iran would begin talks on Friday.
Fxstreet
Tue, Feb 3
PRECIOUS-Gold, silver stage comeback after two-session rout
Spot gold jumps over 4%, silver rises 6% Gold, silver fell to one-month lows on MondayGold's bull run seen intact despite steep pullback- analystsNo employment report on Friday due to partial US government shutdownBy Ishaan Arora Feb 3 (Reuters) - Gold and silver rose on Tuesday, rebounding f...Reuters
Tue, Feb 3
RPT-ROI-Trump's India oil diplomacy won't defy market forces: Bousso
By Ron Bousso LONDON, Feb 2 (Reuters) - President Donald Trump’s push to channel U.S. and Venezuelan crude oil into India as part of a broad trade deal will run up against the hard reality of global oil economics. The U.S. president and Indian Prime Minister Narendra Modi on Monday announced t...Reuters
Tue, Feb 3
Moody's Reduction Of US Tariff Rate On Most Indian Goods Will Reinvigorate Goods Export Growth
Feb 3 (Reuters) - MOODY'S: REDUCTION OF US TARIFF RATE ON MOST INDIAN GOODS WILL REINVIGORATE INDIA’S GOODS EXPORT GROWTH TO USMOODY'S: LOWER TARIFF RATE WILL BE CREDIT POSITIVE FOR LABOR INTENSIVE SECTORS SUCH AS GEMS, JEWELRY, TEXTILES AND APPARELMOODY'S: PHARMA, CONSUMER ELECTRONICS ...Reuters
Tue, Feb 3
TABLE-North Sea gas maintenance schedule: Revises Bacton outage
Feb 3 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Tue, Feb 3
PRESS DIGEST -Wall Street Journal - February 3
Feb 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Elon Musk said SpaceX acquired xAI, a deal that combines his powerful rocket-and-satellite business with his artificial-intelligence sta...Reuters
Tue, Feb 3
Kyiv mayor says 1,170 residential buildings without heating after Russian attack
KYIV, Feb 3 (Reuters) - Kyiv Mayor Vitali Klitschko said on Tuesday that 1,170 residential buildings in the capital were left without heating after an overnight Russian attack on Ukraine's energy infrastructure.Reuters
Tue, Feb 3
TECHNICALS-CBOT corn may retest support at $4.23-1/2
SINGAPORE, Feb 3 (Reuters) - CBOT March corn CH26 may retest support at $4.23-1/2 per bushel, a break below which could trigger a fall to $4.21.A channel technique suggests a target around $4.21. A retracement analysis on the uptrend from $4.17 reveals a support at $4.25-1/2, the 61.8% level. A boun...Reuters
Tue, Feb 3
TECHNICALS-CBOT soybeans to rise into $10.68-1/2 to $10.72-3/4 range
For more technical analyses, please click SINGAPORE, Feb 3 (Reuters) - The CBOT soybean March contract SH26 is expected to break a resistance at $10.64-1/2 per bushel, and rise into a range of $10.68-1/2 to $10.72-3/4.The drop from $10.85-3/4 consists of three waves. The peak of the wave b falls wit...Reuters
Tue, Feb 3
Mitsui & Co CFO - We Expect Iron Ore Demand To Remain Weak In The Short Term, Reflecting China's Crude Steel Production
Feb 3 (Reuters) - Mitsui & Co Ltd 8031.T:MITSUI & CO CFO: WE EXPECT IRON ORE DEMAND TO REMAIN WEAK IN THE SHORT TERM, REFLECTING CHINA'S CRUDE STEEL PRODUCTIONMITSUI & CO CFO: WE EXPECT COPPER PRICES TO RISE IN THE MID TO LONG TERM, BUT TAKE A CAUTIOUS VIEW OF THE CURRENT MARKET DUE...Reuters
Tue, Feb 3
India's commitment to buy US goods under deal includes petroleum, defence, aircraft, official says
NEW DELHI, Feb 3 (Reuters) - India's commitment to buy U.S. goods under a trade deal announced on Monday includes petroleum, defence, electronics, pharma, telecom products and aircraft, a government official told Reuters on Tuesday.Talks for a more comprehensive deal with more sectors are to con...Reuters
Tue, Feb 3
METALS-Copper gains a foothold after hard correction
Feb 3 (Reuters) - Copper gained a foothold on Tuesday plunging in consecutive sessions, as investors saw supply concerns and demand prospects remain supportive for the red metal. The most-active copper contract on the Shanghai Futures Exchange SCFcv1 dipped 0.50% to 101,340 yuan ($14,603.99) a metri...Reuters
Tue, Feb 3
