News
Important Only
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
METALS-Base metals fall as dollar firms, US tariff optimism fades
By Brijesh Patel May 30 (Reuters) - Industrial metals fell on Friday as the dollar strengthened and market optimism faded following a court ruling that reinstated the broadest tariffs imposed by U.S. President Donald Trump.Three-month copper on the London Metal Exchange CMCU3 was down 0.2% at $9,...Reuters
Fri, May 30
Munich Re warns greater uncertainty in 2025 hurricane outlook
By Rebecca DelaneyMay 29 - (The Insurer) - Munich Re anticipates that the 2025 hurricane season will produce a "slightly above-average" number of storms in the North Atlantic compared to the long-term average, although it has warned that this year's outlook is subject to greater uncertai...Reuters
Fri, May 30
US ethane exports to China hit new roadblock with licence requirement
Two VLGCs wait to load ethane for China -Kpler, LSEG13 tankers due to load ethane for China in June -KplerEnterprise warns ethane, butane exports to China could fallBy Siyi Liu and Arathy Somasekhar SINGAPORE/HOUSTON, May 30 (Reuters) - Chinese purchases of U.S. ethane, a key petrochemical feedst...Reuters
Fri, May 30
PRECIOUS-Gold heads for weekly loss as dollar ticks higher, US inflation report in focus
May 30 (Reuters) - Gold prices fell on Friday and were headed for weekly loss amid a slight uptick in dollar, while investors awaited a key U.S. inflation report that may provide further insight into the Federal Reserve's policy trajectory.Reuters
Fri, May 30
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 $60.41 per barrel, down from Thursday’s close at $60.61.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.30.Fxstreet
Fri, May 30
TECHNICALS-CBOT soybeans may fall into $10.31-3/4 to $10.37 range
For more technical analyses, please click SINGAPORE, May 30 (Reuters) - The CBOT soybean July contract SN25 may break support of $10.41-3/4 per bushel, and fall into $10.31-3/4 to $10.37 range. A wave C from $10.73-1/4 has briefly travelled below its 86.4% projection level of $10.41-3/4. Chances are...Reuters
Fri, May 30
Global airlines to address trade war, net-zero uncertainties at annual summit
Airlines body IATA holding CEO meeting in New Delhi from Sunday to TuesdayPassenger numbers at record levels, but airlines face fare and cost pressures, delivery delaysEnvironmental targets under pressure amid SAF shortagesBy Lisa Barrington and Abhijith Ganapavaram NEW DELHI, May 30 (Reuters) - ...Reuters
Fri, May 30
Gold price slides below $3,300 amid a mildly positive USD; focus remains on US PCE
Gold price (XAU/USD) struggles to capitalize on the previous day's strong recovery move from the $3,246-3,245 region, or over a one-week low, and attracts fresh sellers during the Asian session on Friday.
Fxstreet
Fri, May 30
