News
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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 7 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.65res $64.03/$64.37/$64.78Palm oil (3rd month)4,124/4,107 ringgitres 4,152/4,174/4,196 ringgitWTI(1st month)$59.22/$58.93res $60/$60.35/$60.78Spot gold-sup $3,966/$...Reuters
Fri, Nov 7
LIVESTOCK-Cattle futures slide on prospects of additional beef supplies
CHICAGO, Nov 6 (Reuters) - Live cattle and feeder cattle futures on the Chicago Mercantile Exchange declined for a third consecutive session on Thursday, as expectations of increasing beef supplies continued to trigger selling in what had been a strongly bullish cattle market.The decline was largely...Reuters
Fri, Nov 7
Canada's Wheaton Precious Metals Q3 revenue jumps on higher gold prices
OverviewWheaton Precious Metals' Q3 revenue reaches $476 mln, driven by higher gold pricesNet earnings for Q3 hit record $367 mln, reflecting strong operational performanceCompany announces gold stream transaction on Hemlo Mine, enhancing asset portfolioOutlookWheaton maintains 2025 production g...Reuters
Fri, Nov 7
Trump expands critical minerals list to copper, met coal, uranium
Nov 6 (Reuters) - The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal, used to make coke fuel for steel production.Reuters
Fri, Nov 7
FACTBOX-Which airports are affected by forced US flight reductions?
Nov 6 (Reuters) - The Federal Aviation Administration told airlines on Thursday to cut 4% of flights at 40 high-traffic airports starting Friday, according to a document seen by Reuters.The level then increases by two percentage points each on Tuesday and next Thursday, reaching 10% on November 14. ...Reuters
Fri, Nov 7
Gold Price Forecast: XAU/USD holds gains near $4,000 as US shutdown lifts safe-haven demand
Gold price (XAU/USD) trades in positive territory near $3,990 during the early Asian session on Friday. The precious metal edges higher amid a weaker US Dollar (USD) and a renewal of safe-haven demand. Traders await the release of the flash U-Mich Consumer Sentiment survey later on Friday.
Fxstreet
Fri, Nov 7
Canada's Silvercorp Q2 revenue up 23% on higher metal prices
OverviewSilvercorp Metals' Q2 fiscal 2026 revenue rose 23% yr/yr, driven by higher silver and gold pricesAdjusted net income for Q2 fiscal reaches $22.6 mlnCompany generates $39.2 mln cash flow from operations, boosting cash reservesOutlookSilvercorp expects Ying Mining District ore production t...Reuters
Thu, Nov 6
Alliant Energy raises spending plan on soaring power demand
Nov 6 (Reuters) - Alliant Energy LNT.O raised its four-year capital expenditure plan on Thursday, as the U.S. utility bets on soaring demand for power.Utilities are contending with an unprecedented rise in power demand from data centers dedicated to artificial intelligence operations and cryptocurre...Reuters
Thu, Nov 6
MP Materials quarterly loss widens after halting sales to Chinese customers
Quarterly loss widens to $41.8 million, or 24 cents per shareNo revenue from rare earths concentrate sales this quarterPlans to produce 200 metric tons of dysprosium and terbium annually by 2026 Nov 6 (Reuters) - Rare earths company MP Materials MP.N said on Thursday its third-quarter loss widene...Reuters
Thu, Nov 6
CIF/FOB Gulf Grain-Corn, soybean barge bids weak as supplies swell
CHICAGO, Nov 6 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast were mostly lower on Thursday as accelerated farmer sales this week bolstered supplies in the export pipeline, traders said.Soybean barge basis bids were also anchored by slow export sales to China, w...Reuters
Thu, Nov 6
Celanese shares jump as chemicals maker tops profit estimates
Nov 6 (Reuters) - Specialty chemicals maker Celanese CE.N beat analysts' estimates for third-quarter profit on Wednesday, powered by its cost-cutting measures.The acetic acid maker said it remains on track to generate $700 million to $800 million in free cash flow in 2025, driven by cost and inv...Reuters
Thu, Nov 6
World leaders punch back at US climate denial ahead of Brazil's COP30 negotiations
Guterres criticizes corporations for profiting from devastationLeaders take aim at Trump and climate denialPledges come in for Brazil's forestry fundBy Valerie Volcovici, Lisandra Paraguassu and William James BELEM, Brazil, Nov 6 (Reuters) - Country leaders at a climate summit in Brazil on Th...Reuters
Thu, Nov 6
ROI-Copper-gold ratio is bent but not broken: Taosha Wang
By Taosha WangHong Kong, November 7 (Reuters) - The copper-gold ratio recently touched a multi-decade low even as the world economy and stock markets continued to roll along. However, this does not mean the indicator is broken. It is just telling a new narrative about global transition and fragmenta...Reuters
Thu, Nov 6
Boeing And Somon Air Announce Commitment For Up To 14 Airplanes
Nov 7 (Reuters) - Boeing Co BA.N:BOEING AND SOMON AIR ANNOUNCE COMMITMENT FOR UP TO 14 AIRPLANESBOEING - 787 DREAMLINER PURCHASE WILL OPEN NEW INTERCONTINENTAL ROUTES FROM TAJIKISTANBOEING - SOMON AIR TO ORDER UP TO FOUR 787-9 AND TEN 737-8 JETSReuters
Thu, Nov 6
CANADA-CRUDE-Discount on Western Canada Select widens
Nov 6 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Thursday.WCS for December delivery in Hardisty, Alberta, settled at $11.45 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Tuesday...Reuters
Thu, Nov 6
Interfor Q3 sales miss estimates, net loss widens
OverviewInterfor Q3 sales miss analyst expectations, reflecting weak lumber market conditionsCompany reports Q3 net loss of C$215.8 mln, impacted by non-cash duty itemsAdjusted EBITDA loss of C$183.8 mln in Q3, includes C$147.4 mln duties expenseOutlookNorth American lumber markets, over near-term, ...Reuters
Thu, Nov 6
Canada to kill ostrich herd infected with bird flu after top court declines to hear farm's case
Supreme Court declines to hear ostrich farm's caseCFIA to proceed with culling over 300 ostrichesFarm's struggle gains support from Robert F Kennedy Jr By Ed WhiteNov 6 (Reuters) - Canada's government prepared to kill more than 300 ostriches at a farm in British Columbia, where some bird...Reuters
Thu, Nov 6
AI adtech firm Inuvo Q3 revenue misses estimates
OverviewInuvo Q3 revenue rose 1% but missed analyst expectationsNet loss for Q3 narrowed to $1.7 mln, beating analyst estimatesAdjusted EPS for Q3 beat consensus, despite lower gross marginOutlookCompany did not provide specific financial guidance for future quarters in its press releaseResult Drive...Reuters
Thu, Nov 6
FAA draft order says flight reductions to start 6 am ET on Friday
WASHINGTON, Nov 6 (Reuters) - The U.S. Federal Aviation Administration will order airlines to restrict flight operations at 40 high traffic airports starting at 6 a.m. ET (1100 GMT) on Friday, according to a draft order seen by Reuters.Reuters
Thu, Nov 6
