Showing posts with the label Reuters | Markets.

Reuters | Markets - August 9, 2016 London Metal Exchange to Launch gold Spot, Future Contracts LONDON, Aug 9 The London Metal Exchange (LME) said on Tuesday it is planning to launch spot and futures contracts for gold and silver in the first half of 2017, adding to its list of products which includes copper and aluminium. The 139-year old exchange is working in collaboration with the World Gold Council, an industry body backed by gold mining companies such as Barrick Gold and Goldcorp, and is supported by five banks and proprietary trader OSTC, which have committed to provide liquidity. "The initiative has been driven by the need for greater market transparency, to support and aid ongoing regulatory change, provide additional robustness to the precious metals market, broaden market access," the exchange and its partners said in a statement. Financial market transparency has been a major focus for regulators after evidence of price manipulation in lending rates between banks in the Libor scandal in 2012. As regulators continue to review commo

Reuters | Markets | Exclusive - July 4, 2016: Exclusive. Banks Saw Unprecedented Step Up in Market Supervision Around UK Vote Markets   |  Mon Jul 4, 2016  LONDON   |  BY  PATRICK GRAHAM

Reuters | Markets - November 27, 2015: Black Friday for China Stocks but Metals Not So Heavy. Black Friday for China stocks but metals not so heavy By Marc Jones   LONDON Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, though it wasn't enough to derail the first weekly rise for metals like copper and zinc since early October. The Shanghai Composite index .SSEC and the CSI300 .CSI300 both saw their biggest one-day drops in more than three months and ensured it was set to be a subdued post- Thanksgiving session for Wall Street. Europe had a flat feel too. Britain's FTSE 100 .FTSE was down 0.2 percent by 1230 GMT though 0.2 percent gains for France's CAC40 .FCHI and Germany's DAX .GDAXI left the pan-regional FTSEurofirst 300 heading for a token weekly gains. "There is clearly a risk that China will try and devalue the currency further," said Ankit Gheedia, equity and derivative strategist at BNP Paribas. "(However) Europe is still trading on the ECB nex

Oil eases further below $50 on oversupply, China concern: Reuters | Markets - October 14, 2015. Oil eases further below $50 on oversupply, China concern By Alex Lawler   LONDON Oil eased further below $50 a barrel on Wednesday, falling for a third day, on concern a supply glut will persist and demand slow down as economic growth moderates in No. 2 consumer China. Chinese growth for the third quarter is expected to fall below 7 percent for the first time since the global financial crisis. The International Energy Agency (IEA) said on Tuesday the oil market would remain oversupplied in 2016. Brent crude was down 8 cents at $49.16 a barrel as of 1114 GMT (0714 EDT). U.S. crude was up 3 cents at $46.69.

Oil Up as U.S. Production Falls, Stockpiles Draw.: Reuters Markets - October 7, 2015. Oil up as U.S. production falls, stockpiles draw By Christopher Johnson   LONDON Oil prices rose on Wednesday after data showed the market was beginning to tighten, with falling supply, higher demand and lower inventories after two years of heavy surplus. The U.S. government's Energy Information Administration (EIA) said in a monthly report global oil demand should increase by its fastest rate in six years in 2016, suggesting a surplus of crude is easing more quickly than expected.