Market Pulse - Commodities
Commodities: Crude oil futures dip as Barry exits Gulf of Mexico
Commodities were unwanted at the start of the week, led by a drop in energy futures as hurricane Barry moved inland from the Gulf of Mexico and amid GDP data in China showing that the economy slowed to a year-on-year pace of 6. 2% over the three months to June - its slowest clip since 1992 - after expanding by 6. 4% in the first quarter.
US final demand prices edge up in June but unchanged at the core level
Wholesale price inflation in the States was a tad more muted than anticipated last month with core prices holding steady for a third consecutive month.
S&P raises outlook on BP's long-term debt to 'positive'
Standard&Poor's raised the outlook on oil major BP's long-term A- debt rating from 'neutral' to 'positive', labelling its operating performance "robust" and arguing it would allow the outfit to absorb the impact of its acquisition of some of BHP's assets "without material deterioration in credit metrics".
Iran demands return of tanker as UK sends second frigate to Gulf
Iran demanded the UK release an oil tanker seized in Gibraltar last week and warned Britain was playing a “dangerous game” as the Royal Navy prepared to send a second warship to the region.
Hurricane Energy's CMD delivered the right message, says Morgan Stanley
Analysts at Morgan Stanley sounded an upbeat note on Hurricane Energy's shares a day after the oil explorer told shareholders present at its Capital Markets Day that the so-called early production system at the Lancaster field was performing ahead of expectations.
Berenberg reiterates 'buy' rating on 'transformational' Hurricane Energy
Analysts at Berenberg reiterated their 'buy' rating on British oil exploration and production company Hurricane Energy on Friday as the de-risking of its fractured basements continued.
Weak imports boost Chinese trade surplus in June
China's foreign trade surplus continued to increase last month as weak domestic demand weighed on the country's imports more than anticipated.
Ashmore's quarterly AuM grow by lower than expected $6.5bn in Q4
Global fund management group Ashmore saw its assets under management jump again during the fourth quarter of its trading year, albeit by less than expected by some analysts and with market performance accounting for a larger proportion of the improvement than anticipated.
Director dealings: San Leon Energy CEO ups stake
San Leon Energy revealed on Thursday that chief executive Oisin Fanning had acquired 270,000 ordinary shares in the AIM-listed crude oil producer.
Commodities: Oil jump as full-blown tropical storm cuts through Gulf of Mexico
Crude oil and copper futures jumped on Wednesday following a more dovish than expected semiannual testimony from the head of the US central bank before Congress, with the former also boosted by the approach of a tropical storm to the Louisiana coast.
FTSE 100 movers: 'Dovish' Fed, Deutsche Bank boost miners
Shares of miners and oilfield services firms paced gains on the top flight index on Wednesday after the head of the US central bank appeared to leave the door open to interest rate cuts, pushing the US dollar lower and crude oil and copper futures higher.
UK foreign trade deficit narrows in May as imports drop
The UK's shortfall in trade with the rest of the world narrowed over the three months to May, but chiefly as a result of purchases of overseas goods.
Trump and Xi talked by phone on Tuesday, no details reported
The Presidents of the US and China held a telephone call on Tuesday, the first since the G20 leaders' summit at the end of June.
Cairn Energy well southeast of Norne field comes up dry
Cairn Energy's first exploration well in production licence 758 in the Norwegian Sea came up dry.
Chinese CPI steady in June, factory gate prices ease
Consumer price inflation in the people's Republic of China was steady in June, despite a sharp rise in pork prices in the wake of the wave of Africa swine fever.
Commodities: Grain prices buffeted by mixed reports on Chinese agricultural purchases
Futures were little changed outside of soft commodities and copper as traders waited for further clues as to the most likely path forward for US interest rates, in particular, and as pertained to the ongoing US-China trad standoff.
US-China trade talks to resume this week
Talks aimed at ending the trade war between China and the US are set to resume as early as this week.
BASF shares tumble after it warns on full-year profits
German chemicals giant BASF has slashed its guidance for annual profits by as much as 30%, after industrial production was stalled by the slowing global economy and the increasingly bitter US-Sino trade war.
Nintendo confirms partial switch of production out of China
Nintendo is to move part of the production of its bestselling Switch gaming console away from China, it emerged on Tuesday.
Commodities: Copper and Brent edge higher as traders wait on Fedspeak, US-China trade
Commodity futures were little changed at the start of the week as traders paused ahead of a key speech from the US central bank head on Wednesday that might help to clear up some of the uncertainty around expectations for rate cuts by the Federal Reserve over the remainder of 2019.