INTERVIEW: US Dollar's Long-Term Uptrend Will Pressure Commodities - Newedge
(Kitco News) - The U.S. dollar is in a long-term uptrend and the consequences of that mean commodities and countries whose economies depend heavily on commodity production will suffer, said a director of market strategy at a financial services group....
24 May 2013
Cotton Leads Drop as Chicago Wheat Rallies: Commodities at Close
The Standard & Poor’s GSCI gauge of 24 commodities dropped 0.4% to 623.54 by 5:25 p.m. in London. The UBS Bloomberg CMCI index of 26 raw materials dropped 0....
24 May 2013
P.M. Kitco Metals Roundup: Solid Gains For Gold On Safe-Haven Demand, Short Covering
(Kitco News) - Comex gold futures prices ended the U.S. day session sharply higher Thursday. The “risk-off” trader attitudes in world the market place Thursday prompted good safe-haven demand—something the yellow metal has not experienced in quite some time and an indication the gold bulls are showi...
23 May 2013
Canada Stocks Snap 4-Day Gain as Commodities Drop on China Data
Canadian stocks fell for the first time in five days amid a global equity selloff as China’s manufacturing industry unexpectedly contracted. Teck Resources Ltd....
23 May 2013
London Stock Exchange Offers Single-Stock Options Trading
London Stock Exchange Group Plc (LSE) will introduce trading in single-stock options next month, offering 19 contracts on energy and mining companies listed in the U....
(Kitco News) - Comex gold futures prices are solidly higher in early U.S. trading Thursday. There are keener “risk-off” trader attitudes in the market place Thursday, which has the gold market seeing good safe-haven demand''something the yellow metal has not experienced in quite some time....
23 May 2013
Copper Falls Most in Three Weeks as China Manufacturing Shrinks
Copper, lead, zinc and nickel fell the most in three weeks in London after manufacturing shrank for the first time in seven months in China, the world’s biggest consumer of industrial metals....
23 May 2013
French Wheat Premium Seen Erased by Russia Rebound: Commodities
French wheat exporters face tougher competition from the Black Sea this year as crops in Russia and Ukraine recover from drought, erasing the premium paid for Paris-traded futures over the global benchmark in Chicago....
23 May 2013
Commodities Drop to One-Week Low on China Data, Bernanke Remarks
Commodities fell for a third day, paced by declines in copper and oil, as manufacturing in China unexpectedly shrank for the first time in seven months and the head of the Federal Reserve hinted that stimulus may be tapered....
23 May 2013
China Rule Changes May Halt Copper-Financing Deals, Goldman Says
New rules from China to control capital inflows are likely to end commodity-financing deals, hurting the short-term outlook for copper, analysts at Goldman Sachs Group Inc....
23 May 2013
Copper Falls Most in a Week on China Manufacturing Contraction
Copper dropped the most in a week along with other industrial metals after a report showed manufacturing in China, the world’s biggest metals consumer, is contracting for the first time in seven months....
23 May 2013
China Stocks Drop After Flash PMI Report; Jiangxi Copper Falls
China’s stocks fell for a second day, led by copper producers and solar companies, after a private report showed manufacturing is contracting for the first time in seven months....
22 May 2013
China Green Probed by Hong Kong SFC on Disclosure, Management
China Green Holdings Ltd. (904) is being investigated by Hong Kong’s Securities and Futures Commission on whether it fully disclosed price sensitive information to shareholders....
22 May 2013
Egypt Boosts FX Sale for Commodities as S&P Warns on Inflation
Egypt’s central bank will offer a record $800 million at a currency auction to local lenders today to finance imports of staple foods and medicines after Standard & Poor’s warned of accelerating inflation....
22 May 2013
China Banks Turn Away From Copper Hot Money, Business Daily Says
Some Chinese banks have stopped issuing letters of credit for copper importers after a government crackdown on hot-money inflows, the National Business Daily reported today....
22 May 2013
Gensler Recusal Faulted in CFTC Watchdog’s MF Global Report
Chairman Gary Gensler’s recusal from the U.S. Commodity Futures Trading Commission’s investigation into the collapse of MF Global Holdings Ltd. (MFGLQ) was unnecessary and wasn’t required by ethics rules, according to the agency’s internal watchdog....
22 May 2013
Hong Kong Police Probe Mercantile Exchange at SFC Request
Police began probing the Hong Kong Mercantile Exchange Ltd. at the request of the Securities and Futures Commission, which said it found “serious” suspected financial irregularities at the shuttered commodities market....
22 May 2013
Copper Declines as China’s Imports Fall to 22-Month Low
Copper futures fell from a one-week high as imports dropped to the lowest in 22 months in China, the world’s biggest user of industrial metals, while speculation emerged that the Federal Reserve may scale back U....
22 May 2013
Citigroup Sees ‘Death Bells’ for Commodities Supercycle in 2013
The commodities supercycle is probably ending this year as China’s economic growth slows and the nation focuses less on infrastructure and urbanization, Citigroup Inc....
22 May 2013
Citi: 2013 Is ‘End Of The Commodities Supercycle’
(Kitco News) - A slower-growing Chinese economy, lack of correlation between equities and commodities, and a stronger U.S. dollar are marking the “end of the commodities supercycle,” said Citi in a research note on Tuesday....
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