Markets

05.06.2023

Global stock markets mixed as greenback keeps going through the roof

The dollar rose to a seven-week high on Wednesday, boosted by optimism about a deal to extend the debt ceiling and avert a U.S. default and amid a round of solid economic data that suggests rate cuts from the Federal Reserve could come later rather than sooner.

The dollar index, a...

The dollar rose to a seven-week high on Wednesday, boosted by optimism about a deal to extend the debt ceiling and avert a U.S. default and amid a round of solid economic data that suggests rate cuts from the Federal Reserve could come later rather than sooner.

The dollar index, a...

05.06.2023

Brent close to $77/b despite looming glut

Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply.

Brent crude futures settled up $2.05, or 2.7%, to $76.96 a barrel. West Texas Intermediate U.S. crude settled up $1.97 or 2.8% to $72.83.

"Today’s strong oil trade was...

Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply.

Brent crude futures settled up $2.05, or 2.7%, to $76.96 a barrel. West Texas Intermediate U.S. crude settled up $1.97 or 2.8% to $72.83.

"Today’s strong oil trade was...

05.06.2023

Natural gas benchmarks edge up, stay on downside

The benchmark Dutch front-month gas contract inched up on Wednesday but remained near its 2-year low on solid inventories and weak demand and is expected to remain at low levels as rising temperatures contribute to lower heating demand.

The Dutch front-month contract was 0.35 euro higher at 32.35 euro ($35.61) per...

The benchmark Dutch front-month gas contract inched up on Wednesday but remained near its 2-year low on solid inventories and weak demand and is expected to remain at low levels as rising temperatures contribute to lower heating demand.

The Dutch front-month contract was 0.35 euro higher at 32.35 euro ($35.61) per...

05.06.2023

Bullion dips below $2,000/oz mark on overpriced US dollar

Gold prices eased on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials played down prospects of interest rate cuts this year.

Spot gold fell 0.1% to $1,986.60 per ounce by 1153 GMT, close to a two-week low hit on Tuesday. U.S. gold futures also fell 0.1% to...

Gold prices eased on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials played down prospects of interest rate cuts this year.

Spot gold fell 0.1% to $1,986.60 per ounce by 1153 GMT, close to a two-week low hit on Tuesday. U.S. gold futures also fell 0.1% to...

05.06.2023

Bulls grasp iron ore, steel, coal markets

Dalian and Singapore iron ore futures climbed to their highest levels in more than three weeks on Wednesday, extending gains for a third consecutive day on hopes of improving demand after some mills resumed production.

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trading...

Dalian and Singapore iron ore futures climbed to their highest levels in more than three weeks on Wednesday, extending gains for a third consecutive day on hopes of improving demand after some mills resumed production.

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trading...


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