News
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EU wheat eases in U.S. holiday lull
PARIS, July 4 (Reuters) - European wheat futures edged lower on Friday to ease from a one-week high, with a U.S. holiday depriving the market of usual impetus and favourable harvest prospects and slow exports curbing prices.September wheat BL2U5 on Euronext was 0.8% down at 195.75 euros ($230.60) pe...Reuters
Fri, Jul 4
Europe Gasoline/Naphtha-Gasoline profit margins rise on lower stocks
LONDON, July 4 (Reuters) - Northwest European gasoline profit margins rose on Friday by 37 cents to $14.16 a barrel on brisk trading and lower regional inventories. A total of 16,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to Varo, Gunvor, Aramco and TotalEnergies.An additi...Reuters
Fri, Jul 4
Canada awaits private sector move on Pacific crude pipeline, minister says
Hodgson emphasizes private sector's role in pipeline decision-makingPathways Alliance project crucial for pipeline approvalCanada aims to diversify oil exports beyond U.S. relianceBy Amanda Stephenson CALGARY, July 4 (Reuters) - Canada's federal government has not been presented with any ...Reuters
Fri, Jul 4
US has threatened potential 17% tariff on EU food exports, says EU diplomat
BRUSSELS, July 4 (Reuters) - The United States has threatened to impose a potential 17% tariff on agriculture and food exports from the European Union, an EU diplomat said on Friday.Negotiators from the European Commission are in talks with U.S. counterparts in a bid to secure relief from U.S. tarif...Reuters
Fri, Jul 4
US trade deal eludes Europe days out from Trump’s deadline, sources say
By Philip Blenkinsop and Julia PayneBRUSSELS, July 4 (Reuters) - European Union negotiators have failed so far to achieve a breakthrough in trade negotiations with the Trump administration and may now seek to extend the status quo to avoid tariff hikes, five EU diplomats briefed on the talks said on...Reuters
Fri, Jul 4
METALS-Copper slides as focus shifts to July 9 U.S. tariff deadline
LONDON, July 4 (Reuters) - Copper prices retreated on Friday as focus switched to U.S. President Donald Trump's July 9 deadline when sweeping tariffs take effect on countries that have not yet secured trade agreements.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.9% at $9,...Reuters
Fri, Jul 4
Dreyfus sees Brazil adding 23 million bags of coffee to the market in 10 years
By Roberto SamoraCAMPINAS, Brazil, July 4 (Reuters) - Louis Dreyfus Company, one of the world's three largest coffee merchants, estimates that Brazil could add 23 million 60-kg bags to the market over the next 10 years, the firm's head of coffee research, Charles Chiapolino, said on Friday. ...Reuters
Fri, Jul 4
WTI Crude Oil consolidates near key support, OPEC+ decision looms
West Texas Intermediate (WTI) Crude Oil prices remain subdued on Friday, extending losses from the previous day and hovering near the mid-$65s amid thin holiday trading, lingering demand concerns, and a lack of fresh catalysts.
Fxstreet
Fri, Jul 4
All power lines to Ukraine's Zaporizhzhia nuclear power plant down, IAEA says
VIENNA, July 4 (Reuters) - All the external power lines supplying electricity to the Russian-occupied Zaporizhzhia Nuclear Power Plant (ZNPP) in Ukraine to help it cool the fuel in its reactors are down, the U.N. nuclear watchdog said on Friday."Ukraine's ZNPP lost all off-site power at 17:3...Reuters
Fri, Jul 4
OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
By Alex Lawler LONDON, July 4 (Reuters) - OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.The Organization of the Petroleu...Reuters
Fri, Jul 4
PRESS DIGEST-Canada - July 4
July 4 (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** The private-equity arm of Brookfield Asset Management BAM.TO has sold stakes worth $690 million in three of...Reuters
Fri, Jul 4
Gold firms as Trump's tax bill, tariff risks fuel safe-haven demand
Gold (XAU/USD) is trading higher on Friday as news about United States (US) President Donald Trump’s passage of the “Big, Beautiful, Bill” filters through markets. With markets closed in the US in celebration of Independence Day, XAU/USD is trading above $3,330 at the time of writing.Fxstreet
Fri, Jul 4
France's Avril signs deal to buy rapeseed plant from Valtris
PARIS, July 4 - French agrifood group Avril said on Friday it had signed an exclusivity agreement with U.S.-based Valtris Specialty Chemicals to acquire a rapeseed processing plant in eastern France, amid growing consolidation among European rivals.The facility processes around 400,000 metric tons o...Reuters
Fri, Jul 4
PRECIOUS-Gold poised for weekly gain on dollar weakness, safe-haven demand
US Congress passes massive tax-cut and spending billGold up 1.9% so far this weekPlatinum heads for fifth weekly riseBy Brijesh Patel July 4 (Reuters) - Gold prices rebounded on Friday and were heading for a weekly gain, helped by a retreat in the U.S. dollar and safe-haven inflows, as U.S. Presi...Reuters
Fri, Jul 4
RPT-BREAKINGVIEWS-War for Chinese talent is next trade flashpoint
By Robyn Mak HONG KONG, July 4 (Reuters Breakingviews) - The United States' trade war with China has so far focused on electronics, cars and other goods. But a new front may be emerging: talent. Contract-manufacturer Foxconn 2317.TW has told hundreds of Chinese engineers and technicians in it...Reuters
Fri, Jul 4
GLOBAL LNG-Asian spot prices fall on weak demand and rising supply
By Emily Chow SINGAPORE, July 4 (Reuters) - Asian spot liquefied natural gas (LNG) eased this week as subdued demand, rising supply and ample inventories weighed on prices, while the ceasefire between Israel and Iran reduced risk premiums. The average LNG price for August delivery into north-east...Reuters
Fri, Jul 4
EXPLAINER-What is Japan's trade policy on rice?
By Kaori Kaneko TOKYO, July 4 (Reuters) - U.S. President Donald Trump has complained that Japan was not buying American rice, putting pressure on Tokyo as it struggles to seal a trade deal before so-called "reciprocal" tariffs are set to kick in on July 9. Tokyo has not budged on rice, a ...Reuters
Fri, Jul 4
