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Russian LNG exports fell 4.4% y/y in January-June, data shows
MOSCOW, July 2 (Reuters) - Russia's exports of liquefied natural gas in the first half of the year declined by 4.4% from a year earlier to 15.2 million metric tons, LSEG preliminary data showed on Wednesday, amid international sanctions over Ukraine.In particular, the United States has imposed s...Reuters
Wed, Jul 2
PRECIOUS-Gold subdued as traders await US jobs data for cues on rate cuts
US Senate passes Trump's sweeping tax and spending billU.S. nonfarm payrolls report due on ThursdayBy Brijesh Patel July 2 (Reuters) - Gold prices inched lower on Wednesday as investors held back from placing big bets ahead of U.S. jobs data that is expected to shed more light on the Federal ...Reuters
Wed, Jul 2
EUROPE GAS-Prices rebound after losses earlier this week
LONDON, July 2 (Reuters) - Dutch and British wholesale gas prices rose on Wednesday morning, rebounding from falls earlier in the week. The benchmark Dutch contract for August delivery at the TTF hub TRNLTTFMc1 was up 0.86 euro at 33.30 euros per megawatt-hour by 0813 GMT, LSEG data showed.The Dutch...Reuters
Wed, Jul 2
TABLE-UAE's Fujairah oil inventory data for week ended June 30
July 2 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended June 30, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from ...Reuters
Wed, Jul 2
China Communist Party magazine calls for crackdown on price wars
Price wars harm innovation and consumer interests, Qiushi warnsSays industrial overcapacity could endanger long-term growthNo quick fixes due to risks to jobs, analysts warnBy Joe Cash BEIJING, July 2 (Reuters) - A prominent Chinese Communist Party publication called for a crackdown on competitio...Reuters
Wed, Jul 2
METALS-Copper gains as shipments to US likely to continue ahead of possible tariffs
By Hongmei LiSINGAPORE, July 2 (Reuters) - Copper rose on the London Metal Exchange and Shanghai Futures Exchange on Wednesday, as traders are expected to continue rushing metal shipments to the U.S. ahead of potential import tariffs, further tightening already low inventories elsewhere.The most-tra...Reuters
Wed, Jul 2
Silver Price Forecast: XAG/USD wobbles around $36 ahead of US Employment data
Silver price (XAG/USD) trades in a tight range around $36.00 during European trading hours on Wednesday. The white metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for June for fresh cues on the Federal Reserve (Fed’s) monetary policy outlook.Fxstreet
Wed, Jul 2
WTI trades with a negative bias within one-week-old range, just above mid-$64.00s
West Texas Intermediate (WTI) US Crude Oil prices remain confined in a familiar range held over the past week or so and trade just above mid-$64.00s, down less than 0.50% for the day heading into the European session on Wednesday.
Fxstreet
Wed, Jul 2
TECHNICALS-CBOT soybeans may retest resistance at $10.27-1/4
For more technical analyses, please click SINGAPORE, July 2 (Reuters) - The CBOT soybean November contract SX25 may retest resistance at $10.27-1/4 per bushel, a break above which could lead to a gain into $10.31-1/2 to $10.35-3/4 range. The bounce from the June 26 low of $10.13-1/4 looks incomplete...Reuters
Wed, Jul 2
PRECIOUS-Gold steadies ahead of US data as investors weigh Fed rate stance
US Senate passes Trump's sweeping tax-and spending billFed will wait for more data before cutting rates - Powell U.S. nonfarm payrolls report due on ThursdayBy Anmol Choubey July 2 (Reuters) - Gold prices steadied on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserv...Reuters
Wed, Jul 2
Gold price oscillates in a range below one-week top; bullish potential seems intact
Gold price (XAU/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow range during the Asian session on Wednesday, just below a one-week high touched the previous day.Fxstreet
Wed, Jul 2
GRAINS-Corn, soybeans fall on supply prospects; wheat eases from 1-week high
Favourable U.S. Midwest weather buoys corn, soybean cropsOutlook for bumper supplies weighs on Chicago futuresBy Naveen Thukral SINGAPORE, July 2 (Reuters) - Chicago corn and soybeans slid on Wednesday, as expectations of favourable crop weather in much of the U.S. Midwest raised hopes for bumper...Reuters
Wed, Jul 2
EU to add international CO2 credits to next climate goal
EU to propose 90% emissions cut by 2040 with flexibilitiesPrevious EU climate targets have been based solely on domestic emissions reductionsEurope is the world's fastest-warming continentBy Kate Abnett BRUSSELS, July 2 (Reuters) - The European Commission will on Wednesday propose an EU clima...Reuters
Wed, Jul 2
Goldman Sachs Sees No Major Market Reaction From OPEC8+ Production Hike
July 2 (Reuters) - GOLDMAN SACHS:SAYS IT DOES NOT EXPECT A LARGE MARKET REACTION IF OPEC8+ DECIDES TO INCREASE PRODUCTION ON SUNDAY AS CONSENSUS HAS ALREADY SHIFTED TOWARDS THIS OUTCOMEASSUMES THE AUGUST PRODUCT HIKE TO BE THE LAST ONE AS A LARGE INFLOW OF NON-OPEC EX SHALE PROJECTS SOFTENS THE BALA...Reuters
Wed, Jul 2
METALS-Copper gains as traders likely to continue shipping ahead of possible US tariffs
By Hongmei LiSINGAPORE, July 2 (Reuters) - Copper rose on the London Metal Exchange and Shanghai Futures Exchange on Wednesday, as traders are expected to continue rushing metal shipments to the U.S. ahead of potential import tariffs, further tightening already low inventories elsewhere.The most-tra...Reuters
Wed, Jul 2
