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Gold recovers quickly after US court ruling on Trump's tariffs – Commerzbank
The price of Gold briefly fell below the USD 3,250 per troy ounce mark on Thursday after it was announced that a US court had declared most of the tariffs imposed by US President Trump to be illegal, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Fri, May 30
POLL-Oil price outlook weakens on OPEC+ hikes, lingering trade concerns
Brent projected to average $66.98 per barrel in 2025WTI to average at $63.35 per barrel in 2025For table of crude price forecasts, click By Sarah Qureshi and Kavya Balaraman May 30 (Reuters) - Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ s...Reuters
Fri, May 30
GLOBAL LNG-Asian spot prices flat as weak demand, rising Europe supply caps gains
By Emily Chow SINGAPORE, May 30 (Reuters) - Asian spot liquefied natural gas (LNG) prices were flat this week after three weeks of gains, as low demand from Asian buyers and increased supply in Europe capped gains.The average LNG price for July delivery into north-east Asia LNG-AS was at $12.40 p...Reuters
Fri, May 30
Gold is trading firmly amid trade uncertainty – Commerzbank
Gold prices are once again supported by geopolitical uncertainty. While prices dipped slightly after tariff delays, ongoing trade tensions continue to drive demand for the safe-haven meta, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Fri, May 30
Eletrobras Is Said To Draw Chinese Firms For Eletronuclear Stake; Transaction Could Value Stake At $1 Billion To $2 Billion - Bloomberg News
May 30 (Reuters) - ELETROBRAS IS SAID TO DRAW CHINESE FIRMS FOR ELETRONUCLEAR STAKE; TRANSACTION COULD VALUE THE STAKE AT $1 BILLION TO $2 BILLION - BLOOMBERG NEWSSource text: https://tinyurl.com/4k7ryk6bReuters
Fri, May 30
Reinsurers 'well equipped' for slightly above-average 2025 hurricane season: Acrisure Re
By Rebecca DelaneyMay 30 - (The Insurer) - The reinsurance market is "well equipped" to manage another slightly above-average hurricane season in 2025, even following the LA wildfires and intense severe convective storm activity, Acrisure Re said on Friday.However, the broker warned that an ...Reuters
Fri, May 30
Saudi Aramco could soon issue Islamic bonds, prospectus shows
DUBAI, May 30 (Reuters) - Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds, known as sukuk, signalling the state oil giant may soon tap the debt markets again after it raised $5 billion from a three-part bond sale this week.Reuters
Fri, May 30
GRAINS-Wheat and corn higher, soybeans stuck near 3-week low
Wheat and corn consolidate after losses this weekFavourable crop prospects offset US exportsSoybeans edge down on supply pressure, biofuel uncertaintyBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, May 30 (Reuters) - Chicago wheat and corn edged higher on Friday as the cereal markets consolida...Reuters
Fri, May 30
Deere Anticipates Over $500 Million In Costs From Tariffs And Is Considering Production Changes And Price Increases - WSJ
May 30 (Reuters) - DEERE ANTICIPATES OVER $500 MILLION IN COSTS FROM TARIFFS AND IS CONSIDERING PRODUCTION CHANGES AND PRICE INCREASES - WSJSource text: https://tinyurl.com/36s635y7Reuters
Fri, May 30
Russian captain involved in US tanker crash pleads not guilty to manslaughter in UK court
LONDON, May 30 (Reuters) - The captain of a container ship that crashed into a U.S. tanker off Britain's east coast pleaded not guilty on Friday in a London court to manslaughter by gross negligence over the death of a crew member in the collision.Russian national Vladimir Motin, 59, was captain...Reuters
Fri, May 30
China signals softer stance on rare earth export curbs
By Colleen Howe BEIJING, May 30 (Reuters) - China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure.China, which controls over 90% of global processing capacity for the rar...Reuters
Fri, May 30
EUROPE GAS-Prices largely steady but market risks remain
May 30 (Reuters) - Dutch and British wholesale gas prices were largely stable on Friday as Norwegian flows steadied and low demand allowed for storage refilling, but wider market tightness continued to support prices.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up by 0.26 ...Reuters
Fri, May 30
China ready to strengthen dialogue on rare earths export controls
BEIJING, May 30 (Reuters) - China said it remains committed to keeping global industrial and supply chains stable, and is ready to strengthen dialogue and cooperation over its export controls on rare earths.When asked about those export control measures, foreign ministry spokesperson Lin Jian said C...Reuters
Fri, May 30
BREAKINGVIEWS-Japan-US trade talks stray into fantasy finance
By Una Galani TOKYO, May 30 (Reuters Breakingviews) - Masayoshi Son is championing the creation of a $300 billion U.S.-Japan sovereign wealth fund to invest in American infrastructure. It is an effort to bring the countries closer at a time when Washington’s trade war threatens to pull them apart...Reuters
Fri, May 30
