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Copper prints a new all-time high – TDS
By all accounts, industrial demand has not been the driver of the strength in industrial metal prices — supply-demand balances won't help you explain the cross-section of base metal returns this year, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Wed, Oct 29
Mexico agriculture secretary says still no date for restarting cattle exports to U.S.
By Cassandra Garrison MEXICO CITY, Oct 29 (Reuters) - Mexican Agriculture Minister Julio Berdegue said on Wednesday that Mexico and the United States have not yet set a date to resume Mexican cattle exports amid an outbreak of the flesh-eating screwworm parasite.Berdegue said he spoke to U.S. Agr...Reuters
Wed, Oct 29
Central bank Gold buying slows sharply despite higher prices – TDS
Central bank buying activity has shrunk significantly. After all, the rise in Gold prices — not volumes —has done the heavy lifting in raising the percentage of reserves held in Gold, TDS' Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Wed, Oct 29
Air Cargo Demand Up 2.9% In September - IATA
Oct 29 (Reuters) - AIR CARGO DEMAND UP 2.9% IN SEPTEMBER - IATATOTAL DEMAND, MEASURED IN CARGO TONNE-KILOMETERS (CTK), ROSE BY 2.9% COMPARED TO SEPTEMBER 2024 LEVELS - IATACAPACITY, MEASURED IN AVAILABLE CARGO TONNE-KILOMETERS (ACTK), INCREASED BY 3.0% COMPARED TO SEPTEMBER 2024 - IATAReuters
Wed, Oct 29
ANALYSIS-US government shutdown may prompt first-ever workaround for inflation-protected bonds
Treasury to use fallback index if October CPI not releasedTIPS yields ticking up partly because of data uncertainty, market participants sayBut potential pricing quirks less relevant for demand than lower inflation expectationsBy Davide Barbuscia and Anirban Sen NEW YORK, Oct 29 (Reuters) - W...Reuters
Wed, Oct 29
US natgas prices slide 3% as warmer forecasts cut heating demand
LNG export plants see near-record gas flowsGas storage levels about 5% above normal, easing supply concernsWarmer weather forecasts reduce heating demand, impacting pricesMarch premium over April at record lowBy Scott DiSavino Oct 29 (Reuters) - U.S. natural gas futures fell about 3% to a one-wee...Reuters
Wed, Oct 29
Verizon Helps Families Stay Connected As Hurricane Melissa Makes Landfall In Jamaica
Verizon Communications Inc VZ.N:VERIZON HELPS FAMILIES STAY CONNECTED AS HURRICANE MELISSA MAKES LANDFALL IN JAMAICAVERIZON - OFFERS FREE CALLING TO JAMAICA, TURKS AND CAICOS, BAHAMASVERIZON - OFFER EFFECTIVE FROM OCTOBER 28 THROUGH NOVEMBER 12, 2025VERIZON - CUSTOMERS IN JAMAICA, TURKS AND CAICOS, ...Reuters
Wed, Oct 29
Mexico agriculture secretary says still has not agreed with U.S. to restart cattle exports
MEXICO CITY, Oct 29 (Reuters) - Mexican Agriculture Minister Julio Berdegue said on Wednesday that Mexico and the United States have not yet set a date to resume Mexican cattle exports amid an outbreak of the flesh-eating screwworm parasite.Berdegue said he spoke to U.S. Agriculture Secretary Brooke...Reuters
Wed, Oct 29
PRECIOUS-Gold climbs nearly 2% as investors eye Fed rate decision, Powell remarks
US Fed policy statement due at 2:00 p.m. ET (1800 GMT)Gold climbs nearly 2%Trump says trade deal reached with South KoreaBy Noel John and Pablo Sinha Oct 29 (Reuters) - Gold prices rose nearly 2% on Wednesday, rebounding from a three-week low hit in the previous session as some traders covered s...Reuters
Wed, Oct 29
Fortive raises annual profit forecast on strong software demand
Oct 29 (Reuters) - Fortive FTV.N on Wednesday raised its annual profit forecast, after beating third-quarter sales and profit estimates on robust demand for its industrial automation software technology, sending its shares up about 10%.The industrial equipment maker's intelligent operating solut...Reuters
Wed, Oct 29
Tomahawk missiles planned aboard sea drones in latest Lockheed deal
By Mike Stone WASHINGTON, Oct 29 (Reuters) - Lockheed Martin LMT.N is investing $50 million in sea drone maker Saildrone to help equip its biggest surveillance drones with missiles, marking the first time the long-distance autonomous ships will carry high-powered missiles aboard.The weaponization...Reuters
Wed, Oct 29
India's Solex Energy to invest $1.5 bln in solar manufacturing, eyes US exports
By Sethuraman N ROct 29 (Reuters) - Indian solar module manufacturer Solex Energy SOEX.NS will invest $1.5 billion over the next five years to expand manufacturing as it targets exports to the United States, a top executive told Reuters on Wednesday.Solex currently operates a 4-gigawatt module manuf...Reuters
Wed, Oct 29
PRECIOUS-Gold gains nearly 2% as investors await Fed verdict, Powell speech
US Fed policy statement due at 1800 GMTGold climbs nearly 2%Dips may provide chance for central banks to ramp up purchases -analystsBy Ishaan Arora Oct 29 (Reuters) - Gold rebounded nearly 2% on Wednesday as investors found the metal attractive after prices fell to a three-week low in the previou...Reuters
Wed, Oct 29
Ukraine says it hit two Russian oil refineries, gas processing plant
KYIV, Oct 29 (Reuters) - Ukraine's military said on Wednesday it hit two Russian oil refineries and a gas processing plant overnight, causing explosions and fires at the sites. The attacks struck Russia's Mariysky refinery, another in the village of Novospasskoe, and a gas plant in the town ...Reuters
Wed, Oct 29
Hormel Foods falls after Q4 profit forecast cut; announces CFO change
Shares of Skippy peanut butter maker Hormel Foods down 3.7% at $22.78 premarketCo now expects a reduction of 8 cents to 9 cents in Q4 adjusted EPS from the earlier forecast of 38 cents to 40 cents Co says it faces persistent, higher-than-expected inflation in key commodity inputsHRL al...Reuters
Wed, Oct 29
Gold gains traction above $4,000 with Fed interest rate decision in focus
Gold (XAU/USD) stages a modest recovery on Wednesday, reclaiming the $4,000 psychological mark after briefly slipping to a three-week low near $3,886 on Tuesday. The rebound comes as traders cautiously reposition ahead of the Federal Reserve’s (Fed) interest rate decision at 18:00 GMT.Fxstreet
Wed, Oct 29
PRESS DIGEST-Canada - October 29
Oct 29 (Reuters) - The following are the top stories from selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAILU.S. reactor vendor Westinghouse Electric and its Canadian owners Brookfield Asset Management BAM.TO and Cam...Reuters
Wed, Oct 29
