Market Pulse - Commodities
Week ahead: Parliament and US-China trade in focus
Brexit will be front and centre on investors' minds over the coming week, with Parliament set to vote on the Prime Minister's expected proposal to call snap elections on Monday, although MPs are expected to cast their ballots against him.
White House's Kudlow sees scope for 'something positive' coming out of US-China talks
National economic council director, Larry Kudlow, confirmed that top US and Chinese trade officials would meet in early October and said he saw the potential for "something positive" to come out of thirteenth round of negotiations.
Strategic Minerals receives R&D reimbursement from Australian Tax Office
Mining company Strategic Minerals received a AUD $296,594. 33 payment from the Australian Taxation Office on Friday as part of a research and development reimbursement.
H&M halts leather purchases from Brazil to fight rainforest wildfires
Fashion retailer H&M announced on Thursday that it had stopped purchasing leather from Brazil until assurances were given that it was not contributing to the harm being done to the Amazon rainforest.
Deutsche Bank cutting jobs in fixed-income unit
Deutsche Bank AG is cutting dozens of traders and salespeople in its global fixed-income ranks as part of the firm’s overhaul.
Shell, BP, Equinor and Total not aligned with Paris climate agreement
Major oil and gas companies such as Shell, BP, Equinor and Total are not aligned with the Paris climate agreement and are in fact undermining the fight against the climate crisis with investments worth $50bn in fossil fuel projects, new research alleged.
China's central bank cuts lenders' reserve ratios again
China's central bank on Friday announced a reduction in the reserves that banks are required to keep on deposit in a fresh move to stimulate the nation's economy.
US-China trade contacts set to resume amid global growth concerns
Top trade officials from the US and China will hold face-to-face talks in coming weeks despite skepticism that any substantial progress will be made, although there appeared to be increased attention around the side-effects of the trade war on third nations.
Iran to ramp up nuclear development in defiance of US
Iranian President Hassan Rouhani has ordered the removal of limits on nuclear research and development in the country just hours after US President Donald Trump said that he would be open to meeting the Iranian leader.
EU's Malmstrom says US car tariffs unjustified
European Trade Commissioner Cecilia Malmstrom said cars made in the EU don’t pose a threat to US national security and shouldn’t be the target of American tariffs.
Hong Kong leader set to withdraw China extradition bill
Hong Kong Leader Carrie Lam announced on Wednesday that she was withdrawing an extradition bill granting Beijing the power take people away into what some critics said was China's opaque legal system.
Trump says US doing well in trade negotiations, BofA-ML sees 'more pain'
America is doing well in its negotiations with the People's Republic of China and has nothing to gain by waiting until the next elections, the US President said on Tuesday.
Week ahead: Parliament, US-China trade in focus
All eyes during the coming week will be on Brexit and US-China trade relations with matters possibly coming to a head in the case UK amid rapidly increasing speculation that new elections might be called possibly even as soon as over the next few days.
New York Times pulls sponsorship for London Oil and Money conference
The New York Times newspaper has binned its plans to sponsor one of the world's biggest oil industry conferences following pressure from environmental activists.
IQE bullish on 5G even as Asian supply chains race to rebuild
IQE sounded a confident note on the outlook for growth on the back of the advent of 5G, despite the challenging market backdrop, including the need to adapt to the shifting supply chains of its clients, that drove it into a loss at the half-year stage.
Barclays downgrades Royal Dutch Shell to 'equalweight'
Analysts at Barclays downgraded their recommendation on shares of Royal Dutch Shell even as they kicked off coverage of the biggest US oil names at 'overweight'.
Commodities: Brent futures drop as US and China struggle to fix date for meeting
There was a 'risk-off' tone to trading in the commodities space at the start of the week.
Tata Steel to close Newport factory leaving 380 unemployed
India's Tata Steel is set to close its factory in Newport, south Wales risking leaving around 380 people unemployed.
Berenberg stays at 'buy' on Hurricane Energy after Lancaster EPS update
Analysts at Berenberg reiterated their 'buy' recommendation and 100. 0p target price for shares of Hurricane Energy following the latest update from the company on its Lancaster Early Production Scheme, but cautioned that it was still "early days" and that more data was needed in order to better understand the resource potential of the reservoir.
Hurricane Energy beats production expectations at Lancaster field
Hurricane Energy on Monday reported that initial output from its wholly-owned Lancaster Early Production System was above expectations.