Market Pulse - Commodities
Sector movers: Miners boosted by weaker dollar, strike threat
Shares of Industrial Metals and Mining firms led gains on Tuesday as a weaker dollar, supportive news-flow for crude oil and copper futures and low trading volumes in the latter lifted commodity prices.
Commodities: Energy, copper futures pace gains
Commodities were higher nearly across-the-board as the greenback fell back after comments from US trade adviser Peter Navarro's remarks that the European single currency was "grossly undervalued", specifically taking aim at Germany's trade surplus.
ExxonMobil profit falls in fourth quarter after hefty charges
Oil corporation ExxonMobil saw its quarterly earnings decline by 40% in the last three months of 2016, reflecting a $2bn impairment charge.
Saudi Arabia introduces first tax in attempt to reduce deficit
Falling oil revenues have led Saudi Arabia to put an end to tax-free living in the country, as it attempts to reduce its huge budget deficit of $97bn by introducing a 5% value added tax on certain goods.
Commodities: Gold finds small bid as investors gauge weekend news from US
Most commodities outside of precious metals space traded lower on Monday, as risk aversion picked up following confusion over the weekend regarding the exact scope of the US administration's temporary ban on immigration from several majority Muslim countries.
Sector movers: Telcos dodge losses as miners, Big Oil drag
Telecommunications and pharma issues found a bid as stocks in the Materials space lost ground amid risk-off trading in the wake of the past weekend's events which saw a significant amount of confusion in the US, and to an extent in many other countries, over the scope of the temporary travel bans imposed by the US administration on travelers and refugees from several mainly Muslim countries.
FTSE 250 movers: Miners climb while Nostrum Oil and Gas slips
The FTSE 250 index rose 0. 26% to 18,190. 37 in the late afternoon.
Chevron shares drop after falling well short on Q4 earnings
US oil giant Chevron traded 2% lower in pre-market action on Friday after posting a disappointing set of quarterly results.
Morgan Stanley eyes disposals at Royal Dutch Shell, hikes target
Morgan Stanley analysts upped their target price on shares of Royal Dutch Shell, hailing the "substantial improvement" in the oil major's free cash flows.
Commodities: Precious metals lower despite weakness in US dollar
Weakness in precious metals and agricultural futures, despite a dip in the US dollar, weighed on the comodity space.
British steel makes comeback after TATA sale
British Steel said it is on track to delivering sustainable growth since it was bought by investment fund Greybull from TATA last summer.
Sector movers: Cyclicals, banks jump, while precious metals miners retreat
Cyclicals led the advance, led by Automobile stocks such as GKN and construction outfits like CRH, both of which benefit from bets on an improving world economy, especially in the States.
Weekly US oil inventories jump sharply
US crude oil and product stockpiles increased sharply during the latest reference week, despite a drop in imports.
Trump defies Obama to restart construction of Dakota and Keystone pipelines
US President Donald Trump has reversed a key decision made by predecessor Barack Obama by signing an executive order to pave the way for the expansion of the Keystone and Dakota Access oil pipelines.
Commodities: Copper, energy futures sport biggest gains
Copper and energy futures paced gains, with the former exhibiting particular strength.
Bonds: Fight against climate change might entail financial stability risks, BoE staff muse
These were the movements in some of the most widley-followed 10-year sovereign bond yields:.
Commodities: Gold clambers back above $1,200/oz.
Precious metals were wanted as Trump´s emphasis on trade protectionism in his first few days in office weighed on Treasury yields, sending the Greenback lower.
BP starts up Thunderhorse South Expansion 11 months ahead of schedule
BP started up its Thunder Horse South Expansion in the Gulf of Mexico ahead of schedule and under budget, with the latter being the result of its use of standardised equipment instead of customised components.
Sector movers: Miners pace gains as dollar weakens on Trump
Steelmakers and miners found an unexpected ally at the start of the week in the form of a weaker US dollar in the wake of what a fair bit of market commentary appeared to label as a rather protectionist Inauguration Day speech by US President Donald Trump.
Commodities: Dollar bounce caps gains in gold
Swings in the US dollar continued to call the tune for commodity prices, with a bounce in the Greenback´s helping to limit further gains in precious metals.