Copper slides as China factory output data disappoints
Copper prices slid on Monday after data showed that top consumer China’s industrial output was weaker than expected in May, while a…
Wheat drops nearly 2% on harvest pressure; corn, soybeans fall
Chicago wheat slid almost 2% to hit a more than six-week low on Monday, as pressure from rapidly advancing winter crop harvest…
Oil steady as downbeat Chinese data offset demand hopes
Oil was steadyon Monday after Chinese economic data underscoring a bumpy recovery for the world’s biggest crude importer offset hopes for a…
QatarEnergy cuts Aug term price for al-Shaheen crude, sources say
QatarEnergy has cut the August term price for al-Shaheen crude to a premium of $1.21 a barrel above Dubai quotes, trade sources…
Shares stable, euro downtrodden as political turmoil saps market mood
Shares steadied on Monday while the euro remained on the defensive amid political turmoil in Europe, as investors look for direction from…
Retail stocks search for direction as rates stay high
Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies have been dented by months of tight…
FX Daily: Four G10 central banks in action this week
USD: US calendar may take a back seatFX markets open up in a steady fashion after Friday’s volatility. That session can largely…
Dollar stays strong, political uncertainty saps euro
The dollar held firm on Monday, while the euro traded around more than one-month lows, as political turmoil in Europe ramped up…
Iraq ‘committed’ to compensate for oil overproduction in 2024, ministry says
Iraq’s oil ministry said it is fully committed to compensating for any crude oil overproduction in 2024, referencing estimates by secondary sources…