News
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CORRECTED-China's rare earths are flowing again, but not freely
By Christina Amann and Laurie Chen BERLIN/BEIJING, June 27 (Reuters) - The threat of mass shutdowns across the automotive supply chain is fading as Chinese rare earth magnets begin to flow, though automakers and suppliers say production plans still face uncertainties and a continued risk of short...Reuters
Mon, Jun 30
METALS-Copper rangebound as market awaits US trade talks, tariff clarity
By Hongmei Li SINGAPORE, June 30 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange traded in a range on Monday, as investors awaited progress in U.S. trade talks and clarity on potential copper import tariffs.Three-month copper CMCU3 on the LME eased 0.15% to $9...Reuters
Mon, Jun 30
PRESS DIGEST-Financial Times - June 30
June 30 (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- UK launches biggest financial advice shake-up in more than a decade - UK rail regulator urged to limit approvals of private train...Reuters
Mon, Jun 30
PRECIOUS-Gold falls to one-month low as trade optimism spurs risk appetite
June 30 (Reuters) - Gold prices fell to their lowest in more than a month on Monday as easing trade tensions between U.S. and China dampened safe-haven demand and prompted investors to pivot toward riskier assets.FUNDAMENTALS* Spot gold XAU= was down 0.3% at $3,264.64 per ounce, as of 0055 GMT, afte...Reuters
Mon, Jun 30
IAEA chief says Iran could be enriching uranium within months
IAEA head Grossi says strikes were significant setback for Iran'One cannot claim that everything has disappeared': GrossiIran sophisticated in nuclear tech, 'cannot disinvent this': Grossi June 29 (Reuters) - Iran could be producing enriched uranium in a few months, the head of th...Reuters
Mon, Jun 30
Oil falls on prospect of more OPEC+ supply, easing risks in Mideast
OPEC+ set to raise Aug output by another 411,000 bpd, sources sayUS oil rigs fell by 6 to 432 last week, Baker Hughes saysBy Florence Tan SINGAPORE, June 30 (Reuters) - Oil prices fell 1% on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike...Reuters
Mon, Jun 30
GRAINS-Corn, soybeans gain on bargain-buying; wheat firms
SINGAPORE, June 30 (Reuters) - Chicago corn and soybeans gained more ground on Monday, with both products supported by bargain buying after last week's multi-month lows, although expectations of ample global supplies kept a lid on prices.Wheat firmed in early Asian trade.FUNDAMENTALS* The most-a...Reuters
Mon, Jun 30
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 30 (Reuters) - Contract Target Support/Resistance Brent oil $66.48/$65.71res $67.71/$68.41/$68.94Palm oil (3rd month)4,017/4,049 ringgitsup 3,978/3,938 ringgitWTI* $64.52/$63.76/$63.29res $65.23/$65.75/$66.52Spot gold$3,238/$3,212res $3,...Reuters
Mon, Jun 30
Gold Price Forecast: XAU/USD extends downside to near $3,250 on better risk appetite
The Gold price (XAU/USD) extends the decline to around $3,265 during the early Asian session on Monday. The precious metal tumbles to near one-month low after a United States (US)-China trade agreement boosted risk appetite. Investors await the Fedspeak later on Monday for fresh impetus.Fxstreet
Mon, Jun 30
RPT-Trade risks to keep shrinking Australia's resources earnings, report says
Rise in global supply to dent iron ore and LNG pricesGold and lithium exports to offset some lossesTariff uncertainties forcing businesses to delay investment decisionsBy Renju Jose SYDNEY, June 30 (Reuters) - Australia's mining and energy export earnings are expected to continue to slide ove...Reuters
Sun, Jun 29
India's monsoon covers country nine days early, accelerating planting
MUMBAI, June 29 (Reuters) - India's annual monsoon rains covered the entire country on Sunday, nine days earlier than is typical, the weather department said, bringing forward planting of summer-sown crops.The monsoon is the lifeblood of India's nearly $4 trillion economy, delivering almost ...Reuters
Sun, Jun 29
Tropical storm Barry forms in Atlantic, threatens heavy rainfall in eastern Mexico, NHC says
June 29 (Reuters) - The U.S. National Hurricane Center said on Sunday that an Atlantic depression has intensified into tropical storm Barry, expected to bring heavy rainfall over eastern Mexico in the coming days.The tropical storm, packing maximum sustained winds of 40 miles per hour, according to ...Reuters
Sun, Jun 29
Trade risks to keep shrinking Australia's resources earnings, report says
Rise in global supply to dent iron ore and LNG pricesGold and lithium exports to offset some lossesTariff uncertainties forcing businesses to delay investment decisionsBy Renju Jose SYDNEY, June 30 (Reuters) - Australia's mining and energy export earnings are expected to continue to slide ove...Reuters
Sun, Jun 29
South Korea's Lee names Koo Yun-cheol finance minister, makes other picks
Koo Yun-cheol named finance minister amid US tariff talksKoo emphasizes proactive response to economic challengesTrade envoy returns from first high-level talks in Washington since Lee took officeBy Ju-min ParkSEOUL, June 29 (Reuters) - South Korea needs to take measures to support its economy in th...Reuters
Sun, Jun 29
US embassy in Bahrain returns to normal operations
June 29 (Reuters) - The U.S. Embassy in Bahrain said on Sunday that it has returned to normal staffing and operations, according to a post by the embassy on X.Shortly before this month's 12-day war between Israel and Iran, the U.S. military had allowed families of service members in Bahrain to d...Reuters
Sun, Jun 29
Kremlin says Europe will feel the recoil from its 'illegal' sanctions on Russia
MOSCOW, June 29 (Reuters) - The Kremlin said in remarks published on Sunday that the tougher the sanctions imposed on Russia by Europe, the more painful the recoil would be for Europe's own economies as Russia had grown resistant to such "illegal" sanctions.Russia's invasion of Ukrai...Reuters
Sun, Jun 29
Soccer-Chelsea boss lashes out at Club World Cup organisers after yet another weather delay
CHARLOTTE, North Carolina, June 28 (Reuters) - Chelsea coach Enzo Maresca lashed out after a two-hour weather delay disrupted his team's last-16 Club World Cup victory over Benfica on Saturday, suggesting the United States was not a suitable country for the competition - a year before it is due ...Reuters
Sun, Jun 29
Senate bill hastens end of wind, solar tax credits and imposes new tax
WASHINGTON, June 28 (Reuters) - The latest version of the Senate's massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects fo...Reuters
Sat, Jun 28
