Markets

29.06.2020

Greenback turns bearish as investors defy re-bug spectre

The U.S. dollar dropped and higher risk currencies including the Australian dollar jumped on Monday as investors weighed improving economic data against the prospect of new business shutdowns as the coronavirus spread further. The World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Sunday. The...

The U.S. dollar dropped and higher risk currencies including the Australian dollar jumped on Monday as investors weighed improving economic data against the prospect of new business shutdowns as the coronavirus spread further. The World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Sunday. The...

29.06.2020

Oil prices recover from earlier depreciation as bug woes remain in the air

Oil prices edged higher on Monday as major producers cut crude output, but price gains were limited by worries that a rise in coronavirus infections worldwide might stall a recovery in fuel demand.

Brent crude was up 48 cents, or 1.1%, at $42.67 a barrel by 11:45 a.m. EDT (1545 GMT)....

Oil prices edged higher on Monday as major producers cut crude output, but price gains were limited by worries that a rise in coronavirus infections worldwide might stall a recovery in fuel demand.

Brent crude was up 48 cents, or 1.1%, at $42.67 a barrel by 11:45 a.m. EDT (1545 GMT)....

29.06.2020

Continuing supply glut keeps North Sea region’s natural gas prices down

British wholesale gas prices dropped on Monday morning due to a strongly oversupplied gas system.

The day-ahead contract fell by 0.25 pence to 13.75 pence per therm by 0837 GMT.

The within-day contract was down by 1.10 pence at 13.50 p/therm.

Weak gas demand and an increase in domestic gas production have resulted...

British wholesale gas prices dropped on Monday morning due to a strongly oversupplied gas system.

The day-ahead contract fell by 0.25 pence to 13.75 pence per therm by 0837 GMT.

The within-day contract was down by 1.10 pence at 13.50 p/therm.

Weak gas demand and an increase in domestic gas production have resulted...

29.06.2020

Bullion keeps riding high as bug bites back

Gold prices climbed 1% on Monday to hit the highest in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases roiled hopes for a quick economic recovery.

Spot gold was up 1% at $1,760.55 per ounce at 10:24 a.m. ET (1424 GMT)....

Gold prices climbed 1% on Monday to hit the highest in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases roiled hopes for a quick economic recovery.

Spot gold was up 1% at $1,760.55 per ounce at 10:24 a.m. ET (1424 GMT)....

29.06.2020

Non-ferrous base metals stay bearish as industrial demand recovery remains remote

London copper prices fell on Monday as rising global cases of the novel coronavirus clouded hopes around a quicker economic recovery and raised concerns about demand for the red metal.

Fears rose after a tally of COVID-19 cases around the world crossed 8.88 million and the World Health Organization said that...

London copper prices fell on Monday as rising global cases of the novel coronavirus clouded hopes around a quicker economic recovery and raised concerns about demand for the red metal.

Fears rose after a tally of COVID-19 cases around the world crossed 8.88 million and the World Health Organization said that...


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