Market Pulse - Commodities
Berenberg raises Hochschild Mining to 'hold' following foray into rare earths
Analysts Berenberg upped their rating on British precious metals firm Hochschild Mining from 'sell' to 'hold' on Monday, stating the group's rare earths move was "a bit left-field", but "not a complete surprise".
UK renewables generate more electricity than fossil fuels for the first time
Renewable energy sources provided more electricity in the UK than fossil fuels for the first time ever during the past quarter, revealed new research from Carbon Brief.
Caledonia Mining maintains full year guidance despite missing Q3 targets
Caledonia Mining on Monday maintained full-year gold output guidance even after its third quarter production fell short of targets.
US and China reach partial trade agreement
Negotiators for the US and China appeared to make some headway in their trade talks on Friday, agreeing on the outlines of a preliminary deal that addressed some of Washington's grievances.
Jefferies upgrades Rio Tinto to 'buy', praises strong cash flows
Analysts at Jefferies upgraded mining giant Rio Tinto to 'buy' on Friday, stating the group's strong free-cash-flow through the cycle should lead to a supportive dividend in weak markets and leverage to the upside in stronger markets, which in turn should provide a floor for the shares.
Director dealings: Enquest chief executive ups stake
Enquest revealed on Friday that Double A, a discretionary trust in which the extended family of chief executive Amjad Bseisu has a beneficial interest, had acquired 763,835 ordinary shares in the petroleum exploration and production company.
Berenberg raises price target on Polymetal following visits to Russian sites
Analysts at Berenberg upped their price target on precious metals group Polymetal to 1,160p from 1,070p on Thursday, telling clients that visits to the company's Albazino and Amursk sites in Russia had confirmed its investment case.
No-deal Brexit could put Nissan's European branch at risk
Nissan said on Thursday that a no-deal Brexit leading to the imposition of WTO tariffs on exports could put its entire European arm at risk.
FX round-up: Volatility spikes as traders sift through Brexit headlines
Thursday proved to be a volatile session for sterling traders, despite the generally 'risk-on' backdrop in financial markets globally following reports that Beijing was still open to a limited trade deal.
Commodities: Oil futures relinquish gains ahead of trade talks, but gold wanted
Commodity prices were little changed come Thursday afternoon as traders waited on the result of the 13th round of US-China trade talks scheduled for over the next two days.
Capital Economics raises 2020 Brent crude oil price forecast from $65 to $70
Analysts at Capital Economics bumped-up their forecast for the end-2020 Brent crude oil price on the back of their projections for continued restrained supply growth, "somewhat" stronger growth and improved risk appetite on the back of easier monetary policy.
Erris Resources confirms mineralisation potential on new Norwegian permits
Erris Resources on Wednesday said it has confirmed mineralisation potential at gold projects covered by four new exploration permits in Northern Norway.
Investors mull impact of US Democrats win in 2020 elections
A Democratic victory in the next US presidential elections could turn into a 'big headache' for the oil majors on both sides of the Atlantic, analysts at Berenberg said.
China urges US to scrap blacklist ahead of trade talks
China has “strongly urged” the US government to remove Chinese firms from its blacklist and to stop accusing them of breaching human rights laws ahead of trade negotiations scheduled for over the coming week.
US blacklists Chinese tech firms ahead of crunch trade talks
America has blacklisted eight Chinese technology firms over their alleged involvement in human rights abuses.
Europe midday: Markets fall as investors await China's response to US blacklisting of AI firms
European stocks were lower at lunchtime on Tuesday after the US blacklisted 28 Chinese companies just three days before the next round of trade negotiations and amid reports that the Chinese delegation might cut its visit short by a day, denting hopes of a deal.
Extinction Rebellion protesters glue themselves to Home Office and DfT
Extinction Rebellion activists glued themselves to the Department for Transport and the Home Office as part of two weeks of protests against climate change which are expected to include further demonstrations at other government buildings.
Central Asia Metals on track to meet full-year guidance
Copper and zinc mining outfit Central Asia Metals told investors on Tuesday that it was on track to meet full-year guidance thanks to a rise in output during the third quarter.
Commodities: Brent slips from as US-China trade headlines roll in
Commodity prices found a small bid in early US trading after a top official in the Trump administration said that Washington was not looking at the possibility of de-listing Chinese firms from US stockmarket exchanges.
Washington ready to accept short-term deal with China if structural issues addressed
A top US official said on Monday that Washington was open to a short-term deal with China as long as "structural issues" such as American companies' access to the Asian giant and Chinese government subsidies for the their state-owned enterprises were on the table.