1001 days ago
Europe's largest oil major by market value, Shell, reported strong Q2 operational results and said it would increase its shareholder returns with a payout between 20% and 30% of cash flow from operations. One risk however remains in the inherent unpredictability of the oil market. On the demand side, covid-19. On the supply side OPEC.
1001 days ago
Coffee bean prices on international markets have surged as crops in top producer Brazil have been damaged by the worst drought in almost a century. Anti-government protests in Colombia has also halted exports this year, driving up prices.
1001 days ago
Minutes after the Fed's latest meeting, gold prices slipped and dollar got stronger. With dollar gaining power, gold became more expensive for other currency holders. Spot Gold was down 0.3% whereas the dollar index gained 0.1%.
1002 days ago
Gold traded at 3-week highs above the $1,800 per ounce mark as weaker than expected data in the US boosted appetite for the precious metal. Investors are also awaiting the FOMC minutes release on Wednesday for an update on the Fed's next policy steps. Market participants are closely monitoring worsening coronavirus infection rates throughout Asia, amid fears of highly contagious variants. On the bond markets, US 10-year rates fell to 20-week lows of 1.353% as investors react to the potential of slower economic growth.
1002 days ago
Anglo-swiss commodity trading firm Glencore has seen, on average, smaller returns than rivals on the average since May 2011. Glencore will out two rivals in a giant Colombian coal mine, expanding its production of the most polluting fuel as prices soar, despite global efforts to reduce usage. The deal, said to be Glasenberg's last deal, will see Glencore buy stakes owned by BHP Group and Anglo American for $588M.
