News
Important Only
Exclusive: Axis Re hires Chubb Tempest Re's Spencer as marine senior underwriter
By Michael JonesJune 6 - (The Insurer) - Chubb Tempest Re's James Spencer has resigned from the firm to take up a position at Axis Re, four senior marine reinsurance market sources told The Insurer.One senior reinsurance source said that Spencer will be based in London and will hold the role of ...Reuters
Fri, Jun 6
PRECIOUS-Gold rises as weak US data outweighs optimism from Trump-Xi call
US non-farm payroll data due at 1230 GMTFed officials say inflation as key risk than job market slowdownAll four metals set for weekly gainsBy Anmol Choubey June 6 (Reuters) - Gold rose on Friday and was set for weekly gains, as a spate of soft U.S. economic data outweighed initial optimism over ...Reuters
Fri, Jun 6
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.43 per barrel, down from Thursday’s close at $62.65.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.83 after its previous daily close at $65.05.
Fxstreet
Fri, Jun 6
Silver Price Forecast: XAG/USD maintains position above $36.00 near multi-year highs
Silver price (XAG/USD) remains stronger for the second successive session, maintaining its position near the highest level since February 2012. The price of the grey metal is trading around $36.00 per troy ounce during the Asian hours on Friday.
Fxstreet
Fri, Jun 6
Gold price trades with positive bias below $3,400, multi-week top ahead of US NFP
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and reverses a part of the previous day's retracement slide from levels just above the $3,400 mark or over a four-week peak.Fxstreet
Fri, Jun 6
PRESS DIGEST- Wall Street Journal - June 06
June 5 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Boston Consulting Group said it fired two North American partners involved in an Israeli-American effort to distribute humanitarian aid in G...Reuters
Fri, Jun 6
Australia PM rules out easing biosecurity rules ahead of Trump meet
PM says any compromise on biosecurity 'not worth it'Australia's curbs on U.S. beef due to disease concernsAlbanese looks forward to meeting Trump By Renju Jose and Peter Hobson SYDNEY/CANBERRA, June 6 (Reuters) - Australia will not relax its strict biosecurity rules during tariff ta...Reuters
Fri, Jun 6
GRAINS-Soybean firm, set for weekly gain on US-China trade optimism
Trump, Xi agree to more talks as trade disputes brewWheat market supported by Russia-Ukraine tensionsBy Naveen Thukral SINGAPORE, June 6 (Reuters) - Chicago soybean rose for a fourth consecutive session on Friday, with the market set for a weekly gain on expectations of improved U.S.-China trade ...Reuters
Fri, Jun 6
Musk-Trump breakup puts $22 billion of SpaceX contracts at risk, jolting US space program
Trump threatens to cancel Musk companies' contracts amid tax cut bill disputeMusk says SpaceX to decommission Dragon spacecraft, then appears to back off Unprecedented feud threatens to shake up U.S. space programBy Joey Roulette WASHINGTON, June 5 (Reuters) - About $22 billion of SpaceX'...Reuters
Fri, Jun 6
RUBBER-Japan futures rise on hopes of easing US-China trade tensions
TOKYO, June 6 (Reuters) - Japanese rubber futures touched a one-week high on Friday, buoyed by hopes of easing U.S.-China trade tensions, but the contract was set for a modest weekly loss amid signs of weakness in the U.S. economy.The Osaka Exchange (OSE) rubber contract for November delivery JRUc...Reuters
Fri, Jun 6
Canada, China agree to establish communication channels, PM Carney's office says
OTTAWA, June 5 (Reuters) - Canadian Prime Minister Mark Carney and Chinese Premier Li Qiang agreed to establish regular communication channels between Canada and China in a call on Thursday, the prime minister's office said.Carney and Li also discussed trade between the two countries, and commit...Reuters
Fri, Jun 6
Oil prices on track for solid weekly gains as China and U.S. resume trade talks
SINGAPORE, June 6 (Reuters) - Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies.Brent crude ...Reuters
Fri, Jun 6
METALS-London copper set for weekly gain on easing trade tensions, supply concerns
SINGAPORE, June 6 (Reuters) - London copper prices were on track to end the week higher on Friday, boosted by hopes of easing U.S.-China trade tensions and concerns over supply disruptions due to mining operation suspensions and declining inventories.The three-month copper contract on LME CMCU3 slid...Reuters
Fri, Jun 6
US Senate Republicans propose eliminating fuel economy fines for automakers
By David Shepardson WASHINGTON, June 5 (Reuters) - U.S. Senate Republicans on Thursday proposed eliminating fines for failures to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill - the latest move aimed at making it easier for automakers to build gas-powered vehicles.L...Reuters
Fri, Jun 6
GRAINS-Soybean firm, set for weekly gain on US-China trade optimism
SINGAPORE, June 6 (Reuters) - Chicago soybean rose for a fourth consecutive session on Friday, with the market set for a weekly gain on expectations of improved U.S.-China trade relations, after leaders of the two countries spoke over phone and agreed to further discussions.Wheat gained more ground ...Reuters
Fri, Jun 6
US Cash Crude-Grades rise as US, China teams to meet following Trump, Xi trade call
June 5 (Reuters) - Grades edged higher on Thursday, dealers said, as trader confidence grew after the U.S. and China agreed to more trade talks following a phone call between U.S. President Donald Trump and Chinese leader Xi Jinping.Reuters
Fri, Jun 6
LIVESTOCK-CME live cattle futures hit contract highs as cash markets surge
By Julie IngwersenCHICAGO, June 5 (Reuters) - Chicago Mercantile Exchange live cattle futures rose to life-of-contract highs on Thursday, bolstered by sharply higher trades in the cash cattle market, traders said.CME August live cattle futures LCQ25 settled up 4.475 cents at 216.825 cents per pound ...Reuters
Fri, Jun 6
RPT-ANALYSIS-The world's auto supply chain is in the hands of a few Chinese bureaucrats
China introduced new rare earth export controls in AprilExport permits must be approved by bureau in Commerce MinistryStaff levels were only recently boosted to 60, sources saySlow pace of approvals hitting the auto industry worldwideBy Laurie Chen and Lewis Jackson BEIJING, June 5 (Reuters) - In...Reuters
Fri, Jun 6
