tag:blogger.com,1999:blog-17340846528358242962024-02-21T00:50:09.550+08:00FKLI and FCPO Futures Corner - Bursa MalaysiaA place for all traders and investors of Futures Markets.Unknownnoreply@blogger.comBlogger6265125tag:blogger.com,1999:blog-1734084652835824296.post-69983508910499642432018-07-06T16:28:00.000+08:002018-07-06T16:29:05.882+08:00Trade Tariff Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 6-Oil markets volatile as trade conflict between U.S. and China escalates - Reuters <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jul-2018 03:03:02 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. implements tariffs on Chinese goods on Friday<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China set to take action; customs delays -sources<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dispute comes amid increasingly tight oil market<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. plans new sanctions against oil exporter Iran<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">South Korea stops all orders of Iranian oil - sources<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices, adds China set to take action<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Henning Gloystein<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 6 (Reuters) - Oil prices seesawed in nervous trading on Friday as the United States slapped a raft of tariffs on Chinese goods in an escalating trade war between the world's two biggest economies. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Oil prices initially fell on Friday, along with Asian stock markets. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The trade dispute between the United States and China is looming over oil markets.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington put the tariffs in place on Chinese goods from 12:01 a.m. Washington D.C. time (0401 GMT) on Friday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China has said it will impose tariffs on 545 U.S. goods in return. Meanwhile, major Chinese ports have already delayed clearing goods from the United States, according to several sources. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We're headed for an unparalleled trade conflict between the world's largest economies," said Stephen Innes, head of trading for Asia/Pacific at brokerage OANDA.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">As part of the retaliatory response, Beijing has threatened a 25 percent tariff on U.S. crude imports, although it has not specified an introduction date.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">American crude shipments to China are around 400,000 barrels per day (bpd), worth $1 billion a month at current prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tariffs would make U.S. oil uncompetitive in China.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">An executive from China's Dongming Petrochemical Group said he expected Beijing to soon impose the tariff on U.S. oil imports.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">He added his refinery had cancelled U.S. crude orders and would switch to Middle East or West African supplies instead. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">TARIFFS, SANCTIONS & DISRUPTIONS<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The potential trade war between the United States and China comes amid a tight oil market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Energy consultancy FGE on Friday issued a warning of looming supply shortages due to U.S. sanctions against Iran, and because of disruptions elsewhere.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Iran's exports are some 2.7 million bpd, including condensate," it noted.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Even if the U.S. government grants some waivers to allies, FGE estimated 1.7 million to 2 million bpd of crude and condensate would be cut out of markets once its sanctions are implemented. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. investment bank Jefferies said on Friday it expected "a drop in Iranian exports well in excess of 1 million bpd" due to the U.S. sanctions. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some are already reacting. South Korea, a major buyer of Iranian oil and condensate, will not lift any Iranian oil in July for the first time since August 2012, three sources familiar with the matter said on Friday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Cutting Iran out from oil trading comes amid other disruptions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Venezuela ... will lose another 400,000 bpd by year-end with production going to below 1 million bpd," FGE said, adding that another 300,000 bpd of Libyan capacity was disrupted.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Although Saudi Arabia and Russia have said they would raise output to make up for disruptions, FGE said "there simply is not enough capacity to make up for Iran's crude losses, plus Venezuela and Libya", and warned of the possibility of oil prices rising to $100 per barrel. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Henning Gloystein in SINGAPORE; additional reporting by Meng Meng in BEIJING; editing by Christian Schmollinger and Richard Pullin)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold trims losses on soft dollar after U.S. tariffs take effect - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jul-2018 03:48:26 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold up 0.3 percent for the week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tariffs on $34 bln of Chinese goods kick in<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors eye China's response<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. jobs data due at 1230 GMT<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Adds comment, detail; updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Apeksha Nair and Karen Rodrigues<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BENGALURU, July 6 (Reuters) - Gold prices narrowed losses on Friday as U.S. tariffs on Chinese imports weighed on the greenback, stoking fears of a full-blown trade war between the two leading economies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China has implemented additional tariffs on some import products from the United States immediately after U.S. tariffs on $34 billion in Chinese imports took effect, state media reported.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If the trade war escalates and then China could sell U.S. treasuries and buy gold. This would be a big event," said Helen Lau, analyst, Argonaut Securities.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was 0.1 percent lower at $1,256.54 an ounce by 0702 GMT, having dropped to $1,252.15 earlier in the session.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The bullion was, however, headed for its first weekly gain in four.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for August delivery slipped 0.1 percent to $1,257.50 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar eased against its peers on Friday ahead of the key U.S. jobs report later in the day and investor caution prevailed in global markets with focus turning to retaliatory measures China could employ.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China has no choice but to fight back against U.S. bullying on trade, the country's Commerce Ministry said on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Traders are extremely cautious when it comes to gold. The intraday price-action has a bullish set-up and shows that the price has potential to test the level of $1,280 in the coming days if the dollar weakness continues," ThinkMarkets chief market analyst Naeem Aslam said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve's last policy meeting on June 12-13 released on Thursday showed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The minutes described a meeting in which the Fed raised interest rates for the second time this year. It also suggested policymakers might soon signal the central bank's rate-hiking cycle was advanced enough that policy was no longer boosting or constraining the economy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I take the view the Fed will take a modestly dovish line, while trade tariff uncertainties persist. Gold is oversold, so I expect it to rally somewhat while interest rate expectations soften, perhaps to one more instead of two quarter point increases this year," said Alasdair Macleod, head of research with Toronto-based Goldmoney Inc.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other precious metals, silver climbed 0.5 percent to $16.06 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium slipped 0.2 percent to $945.97 an ounce, while platinum gained 0.3 percent to $842.70.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">All three metals were headed for their fourth straight weekly decline.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Apeksha Nair and Karen Rodrigues in Bengaluru, Editing by Joseph Radford and Sherry Jacob-Phillips) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 1-Confusion as China ports delay U.S. cargoes, disrupting trade - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jul-2018 03:11:03 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Customs waiting for official word on new tariffs -sources<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Punitive duties would affect $34 billion of U.S. products<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Absence of official statement sows confusion in markets<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with details<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BEIJING, July 6 (Reuters) - Some major Chinese ports delayed clearing goods from the United States on Friday, four sources said, potentially disrupting imports worth billions of dollars as the world's top two economies head towards an outright trade war. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">News of the hold-ups came as Washington imposed tariffs on $34 billion of Chinese imports from 0401 GMT on Friday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Beijing had said it would retaliate with punitive measures on U.S. products worth a similar amount, including soybeans, pork and cotton, but it had not officially confirmed on Friday that they had taken effect. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The port of Shanghai had put on hold clearing some U.S. imports through customs, said an official at a company in the coastal city, which handles customs clearance for importers. He had spoken to customs officials.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">There did not appear to be any direct guidance to hold up cargoes, but some customs departments were waiting until they had received official instructions from the central government on whether to start collecting the hefty new import tariffs on hundreds of products, the sources said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A wine merchant in Shanghai, one of the country's busiest trading hubs, said customs brokers were also slowing the clearance process because of confusion about how and when to implement duties.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"They're holding everything ... because there's uncertainty," he said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"But overall, this weekend they should be able to identify what the taxes are and how they should be implemented, and they should be processed as normal."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The absence of an official statement enforcing the tariffs also sowed confusion among nervous commodity traders, adding to choppy futures trading as soymeal and soybean contracts came under heavy selling pressure in afternoon trade. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A commodities trader in eastern Shandong province was told by customs at a major northern port that they have slowed the clearance of goods from the United States on Beijing's list.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Delays started at midnight local time on Thursday as agents waited for official go-ahead from the central government to enforce the new tariffs, he said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The General Administration of Customs did not comment on the delays and said the agency will implement the tariffs as announced on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The agency said on Thursday that tariffs on U.S. products will take effect immediately after U.S. tariffs on Chinese goods kick in. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Yawen Chen, Hallie Gu and Josephine Mason in BEIJING and Brenda Goh in SHANGHAI; editing by Richard Pullin)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">EXPLAINER-The fallout in commodities from the U.S.-China Trade war: what's at stake - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">06-Jul-2018 03:05:00 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Josephine Mason<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BEIJING, July 6 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington imposed tariffs on $34 billion of Chinese imports on Friday and Beijing has said it will retaliate with punitive measures on U.S. products worth a similar amount, <span class="gmail-tr-strong">including soybeans, pork and cotton.</span> <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Chinese government had not officially confirmed on Friday afternoon that the retaliatory tariffs had taken effect</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But the tit-for-tat measures have escalated the trade dispute between the world's two largest economies and the world's commodities markets are increasingly embroiled in the bust-up.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The higher U.S. tariffs went into effect just after noon in Beijing (0401 GMT).<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. and China have also issued a second batch of proposed duties on $16 billion of each other's goods. These would hit U.S. energy exports, such as coal and crude oil, among other areas. It is unclear when these will come into effect.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Below is a detailed breakdown of the markets affected by the tariffs imposed and proposed: <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">FOOD:<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* Beijing's tariffs will have the biggest impact on soybeans, the United States' top agricultural export to China in 2017 worth about $12.7 billion, hurting U.S. farmers in states, such as Iowa and Texas, which backed Republican President Donald Trump in the 2016 election.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Buying interest in U.S. beans from China, the world's top importer of the oilseed, has slowed to a trickle ahead of the tariffs, with one remaining U.S. cargo heading for China still on the water.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The vessel, Peak Pegasus, carrying 70,000 tonnes of the U.S. oilseed for state grain trader Sinograin, was due to arrive in the port of Dalian at 5:00 p.m. (0900 GMT) on Friday, just hours after the duties went into effect. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some shipments marked for China were due to be loaded from the U.S. Pacific Northwest, and are likely to get sent elsewhere as exporters scramble to avoid paying the tariff, a U.S. trader said.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In the months ahead though, China will struggle to replace the U.S. beans, forcing processors, which crush the beans to make oil and animal feed, to pay the extra duty or find substitutes. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rabobank reckons China may have to buy up to 15 million tonnes of U.S. beans at tariff prices. Crushers may not pass on the inflated cost at least in the short term, further eroding their already low margins, the bank said in a research note.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The biggest impact will likely be seen in sales of the next U.S. crop, which will come to market in September. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In the meantime, Brazil, the world's top exporter, will likely pick up the slack, although a trade association warned on Thursday the South American country may need to import the oilseed from the United States this year to satisfy demand from local processors. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* U.S. pork was already saddled with duties enacted in an earlier round of the trade row <span class="gmail-tr-strong">and now faces an extra 25 percent tariff that would raise the total charges up to 62 percent</span>. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">European pork will gain some ground over the U.S., which shipped almost $500 million worth of pork to China last year. U.S. shipments have nearly ground to a halt since the 25 percent tariffs implemented on April 2.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">ENERGY:<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* A record volume of U.S. crude oil is heading to China even as Beijing's planned tariffs threaten to cut off a relatively new and burgeoning business for U.S. exporters.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Nine vessels with 26.6 million barrels of crude oil loaded in Texas and Alaska and worth about $2 billion are due to land over the next five weeks, Thomson Reuters trade flow data shows. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That equates to 700,000 barrels per day, 8 percent of China's daily imports and a large volume for the United States, a newcomer to the Chinese market. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">If enacted, the import duty would make U.S. oil less competitive than other crudes, likely causing a decline in Chinese purchases and forcing U.S. oil firms to find other buyers.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Amid a relatively well-supplied global oil market, energy consultancy Wood Mackenzie said the United States "would find it hard to find an alternative market that is as big as China," as Chinese buyers make up 20 percent of U.S. overseas crude sales.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China would likely replace the lost U.S. barrels from their top sellers Russia or Saudi Arabia, which have recently announced plans to raise output. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"><br> Among other energy products, China noticeably spared U.S. liquefied natural gas (LNG) exports from potential import tariffs, but in doing so, it has preserved a potential weapon should the trade war with Washington deepen. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, coal could be caught in the crossfire if the second batch of duties are introduced.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Replacing American shipments with coal from other places would not be difficult for China, but a loss of business with the world's top importer of the fuel would hurt companies in West Virginia, a state that heavily favoured Trump in the 2016 presidential election. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Josephine Mason, Additional reporting by Dominique Patton in BEIJING, Karl Plume in CHICAGO and Henning Gloystein in SINGAPORE; Editing by Christian Schmollinger)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><br> <br> <br> GRAINS-Soybeans tick up after hitting contract-low on U.S.-China trade war - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jul-2018 03:37:57 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat eases after 2-session rally on global supply woes<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Naveen Thukral<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 6 (Reuters) - U.S. new-crop soybean prices ticked higher on Friday after dropping to a contract-low earlier in the session as the trade war between the United States and top importer China escalated.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat slid after two sessions of strong gains driven by concerns over adverse weather.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chicago Board of Trade November soybeans hit a contract-low at $8.53 a bushel and the market was up 0.2 percent at $8.57-3/4 a bushel by 0718 GMT. The most-active contract hit a 10-year low of $8.42 a bushel last month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat dipped 0.2 percent to $5.04-1/2 a bushel after rising 5.3 percent in the last two sessions, while corn gave up 0.3 percent to $3.63-1/2 a bushel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The soybean market has largely factored in Chinese tariffs. We expect Brazilian soybeans premium to rise further when the tariffs start," said one India-based agricultural commodities analyst.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world's two biggest economies took a high-stakes turn towards all-out trade conflict. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China is expected to raise tariffs on U.S. soybeans to a level that is expected to curb Chinese demand for U.S. shipments. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's soymeal futures fell more than 2 percent on Friday afternoon before erasing most of the losses, amid market confusion over whether China had implemented its tariffs on soybeans and other goods from the United States.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The January soymeal contract on the Dalian Commodity Exchange fell to a low of 3,090 yuan a tonne before closing down 0.6 percent at 3,162 yuan a tonne.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brazil, the world's largest soybean exporter, may have to import the oilseed from the United States this year to satisfy demand from local processors, an executive of exporters association Anec said on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">If China's demand for Brazilian soy rises due to the trade war with the United States, local processors may have to resort to importing 500,000 to 1 million tonnes from the United States, Luis Barbieri said at an event in Sao Paulo. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Private analytics firm Informa Economics revised upward its forecast for the U.S. 2018 corn yield to 176.0 bushels per acre (bpa), from 174.5 bpa previously, and raised its U.S. soybean yield forecast to 49.8 bpa from 49.5 bpa, the firm said on Thursday in a client note seen by Reuters. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat futures have rallied sharply in the last two sessions on worries about smaller harvests from major exporters.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The European Union may harvest almost 6 million tonnes less wheat this year after hot and dry weather damaged some crops, a Reuters poll showed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Commodity funds were net buyers of CBOT wheat and corn futures contracts on Thursday and net sellers of soybeans, soymeal and soyoil, traders said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trader estimates of fund activity in corn ranged from selling a net 6,000 contracts to buying a net 5,000 contracts. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">GRAINS-Soybeans tick up after hitting contract-low on U.S.-China trade war - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jul-2018 03:37:57 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat eases after 2-session rally on global supply woes<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds China markets, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Naveen Thukral<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 6 (Reuters) - U.S. new-crop soybean prices ticked higher on Friday after dropping to a contract-low earlier in the session as the trade war between the United States and top importer China escalated.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat slid after two sessions of strong gains driven by concerns over adverse weather.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chicago Board of Trade November soybeans hit a contract-low at $8.53 a bushel and the market was up 0.2 percent at $8.57-3/4 a bushel by 0718 GMT. The most-active contract hit a 10-year low of $8.42 a bushel last month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat dipped 0.2 percent to $5.04-1/2 a bushel after rising 5.3 percent in the last two sessions, while corn gave up 0.3 percent to $3.63-1/2 a bushel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The soybean market has largely factored in Chinese tariffs. We expect Brazilian soybeans premium to rise further when the tariffs start," said one India-based agricultural commodities analyst.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world's two biggest economies took a high-stakes turn towards all-out trade conflict. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China is expected to raise tariffs on U.S. soybeans to a level that is expected to curb Chinese demand for U.S. shipments. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's soymeal futures fell more than 2 percent on Friday afternoon before erasing most of the losses, amid market confusion over whether China had implemented its tariffs on soybeans and other goods from the United States.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The January soymeal contract on the Dalian Commodity Exchange fell to a low of 3,090 yuan a tonne before closing down 0.6 percent at 3,162 yuan a tonne.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brazil, the world's largest soybean exporter, may have to import the oilseed from the United States this year to satisfy demand from local processors, an executive of exporters association Anec said on Thursday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">If China's demand for Brazilian soy rises due to the trade war with the United States, local processors may have to resort to importing 500,000 to 1 million tonnes from the United States, Luis Barbieri said at an event in Sao Paulo. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Private analytics firm Informa Economics revised upward its forecast for the U.S. 2018 corn yield to 176.0 bushels per acre (bpa), from 174.5 bpa previously, and raised its U.S. soybean yield forecast to 49.8 bpa from 49.5 bpa, the firm said on Thursday in a client note seen by Reuters. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat futures have rallied sharply in the last two sessions on worries about smaller harvests from major exporters.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The European Union may harvest almost 6 million tonnes less wheat this year after hot and dry weather damaged some crops, a Reuters poll showed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Commodity funds were net buyers of CBOT wheat and corn futures contracts on Thursday and net sellers of soybeans, soymeal and soyoil, traders said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trader estimates of fund activity in corn ranged from selling a net 6,000 contracts to buying a net 5,000 contracts. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span> </span></span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">WRAPUP 6-As tariffs strike, U.S., China trade conflict escalates - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jul-2018 03:35:34 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tariffs take effect as U.S. deadline passes<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China says forced to respond to U.S. tariffs<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">State media: Trump administration like "gang of hoodlums" <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Uncertainty over China implementation of tariffs <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Michael Martina and David Lawder<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BEIJING/WASHINGTON, July 6 (Reuters) - U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, with Beijing saying it had no choice but to respond in kind, as the two trading giants escalated a bitter row. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Hours before Washington's deadline for the tariffs to take effect, U.S. President Donald Trump upped the ante, warning that the United States may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount of U.S. imports from China last year. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's commerce ministry, in a statement shortly after the U.S. deadline passed at 0401 GMT on Friday, said that it was forced to retaliate, meaning $34 billion worth of imported U.S. goods including autos and agricultural products also faced 25 percent tariffs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, China stopped short of actually saying it had implemented tariffs, stirring market confusion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"China promised to not fire the first shot, but to defend national core interests and the interests of the people it has no choice but to strike back as necessary," the Commerce Ministry said in a statement.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some Chinese ports had delayed clearing goods from the United States, four sources said on Friday. There did not appear to be any direct instructions to hold up cargoes, but some customs departments were waiting for received official guidance on imposing added tariffs, the sources said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ford Motor Co said on Thursday that for now, it will not hike prices of imported Ford and higher-margin luxury Lincoln models in China. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's commerce ministry called the U.S. actions "a violation of world trade rules" and said that it had "initiated the largest-scale trade war in economic history."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chinese shares, which have been battered in the run-up to the tariff deadline, reversed earlier losses to close higher, but the yuan remained weaker against the dollar. Asian equities wobbled but also managed to end up.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We can probably say that the trade war has officially started," said Chen Feixiang, professor of applied economics at Shanghai Jiaotong University's Antai Colege of Economics and Management.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If this ends at $34 billion, it will have a marginal effect on both economies, but if it escalates to $500 billion like Trump said then it's going to have a big impact for both countries," Chen said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">'GANG OF HOODLUMS'<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump has railed against Beijing for intellectual property theft and barriers to entry for U.S. businesses and a $375 billion U.S. trade deficit with China.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Throughout the escalating conflict, China has sought to take the high road, positioning itself as a champion of free trade, but state media ramped-up criticism of Trump on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"In effect, the Trump administration is behaving like a gang of hoodlums with its shakedown of other countries, particularly China," the state-run China Daily newspaper said in an English language editorial on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Its unruliness looks set to have a profoundly damaging impact on the global economic landscape in the coming decades, unless countries stand together to oppose it."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While the initial volley of tariffs was not expected to have major immediate economic impact, the fear is that a prolonged battle would disrupt makers and importers of affected goods in a blow to global trade, investment and growth. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"For companies with supply exposure to tariffs, they will move sourcing country of origin if they can; if they can't, they'll pass on as much of the tariff cost as they can, or see a cut in margins," said Jacob Parker, vice president of China operations at the U.S.-China Business Council in Beijing.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Companies don't know how big this may get, or how it will end." <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A China central bank adviser said the planned U.S. import tariffs on $50 billion worth of Chinese goods - $34 billion plus a planned follow-on list worth $16 billion - will cut China's economic growth by 0.2 percentage points, although the overall impact would be limited, the official Xinhua news agency reported Friday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dispute has roiled financial markets including stocks, currencies and the global trade of commodities from soybeans to coal in recent weeks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"This is not economic Armageddon. We will not have to hunt our food with pointy sticks. But it is applying the brakes to a global economy that has less durable momentum than appears to be the case," Rob Carnell, chief economist at ING, said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">VALVES AND DISK DRIVES<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. Customs and Border Protection officials were due to collect 25 percent duties on a range of products including motor vehicles, computer disk drives, parts of pumps, valves and printers and many other industrial components.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The list avoids direct tariffs on consumer goods such as cellphones and footwear. But some products, including thermostats, are lumped into intermediate and capital goods categories. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chinese Commerce Ministry spokesman Gao Feng said on Thursday that the proposed U.S. tariffs would hit many American and foreign companies operating in China and disrupt their supplies of components and assembly work.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Foreign companies accounted for $20 billion, or 59 percent, of the $34 billion of exports from China that would be subject to new U.S. tariffs, with U.S. firms accounting for a significant part of that 59 percent, Gao said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's tariffs on hundreds of U.S. goods include top exports such as soybeans, sorghum and cotton, threatening U.S. farmers in states that backed Trump in the 2016 U.S. election, such as Texas and Iowa. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Adam Jourdan in SHANGHAI, Michael Martina and Elias Glenn in BEIJING, David Lawder and Jeff Mason WASHINGTON; Writing by Tony Munroe;<br> Editing by Sam Holmes & Shri Navaratnam)<span></span></span></p> <br> </div> Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-1734084652835824296.post-70617806205274962982018-07-03T16:39:00.000+08:002018-07-03T16:40:28.124+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 4-Libya force majeure pushes up oil, US crude hits highest since late 2014 - Reuters <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">03-Jul-2018 03:32:20 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Libyan disruption cuts 850,000 bpd of oil from market<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But high fuel prices, trade disputes threaten to crimp demand<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trade row turbulence knocks Asian shares to 9-month low<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts; adds WTI high, comment<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Henning Gloystein<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 3 (Reuters) - Oil prices rose on Tuesday after Libya declared force majeure on some of its supplies, while an ongoing Canadian outage lifted U.S. crude to levels not seen since late 2014.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders said this was largely due to an expected fall in North American fuel inventories following the 350,000 barrel per day (bpd) Syncrude outage in Canada.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Outside North America, Brent crude oil futures were at $77.77 per barrel, up 44 cents, or 0.6 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Oil bulls seem to have returned after Libya suspended oil exports from two key ports," said Hussein Sayed, chief market strategist at futures brokerage FXTM.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If Libya's oil doesn't return fast to the market it will be an important test to OPEC's spare capacity, especially given that output from Venezuela and Iran is expected to fall significantly in the next couple of months," he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Organization of the Petroleum Exporting Countries (OPEC) saw June output at 32.32 million bpd, a Reuters survey showed on Monday, up 320,000 bpd from May. The June total is the highest since January 2018. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The UAE's Abu Dhabi National Oil Co (ADNOC), a major producer within OPEC, said on Tuesday it is able to increase production by several hundred thousand bpd if needed. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in 850,000 bpd of supplies being disrupted. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">DEMAND SLOWDOWN<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Outside the supply-side, a slowdown in demand is emerging, potentially ending years of consecutive records.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"U.S. petroleum demand growth slowed significantly to 385,000 bpd year-on-year in April, compared with a growth of more than 730,000 bpd year-on-year in Q1," Barclays bank said, adding that this was mostly due to higher fuel prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In Asia, the world's top oil consuming region, seaborne oil imports have been falling since May, as higher costs turned off consumers and as the escalating trade dispute between the United States and China starts to impact the economy. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows as investors feared the Sino-U.S. trade row could derail a rare period of synchronized global growth. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There are ... signs that growth in China has slowed in recent months, particularly infrastructure spending by local governments. I would assume that infrastructure investment is quite energy intensive, so perhaps that had a knock-on effect to oil demand," said Frederic Neumann, Co-Head of Asian Economic Research at HSBC in Hong Kong.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"At this stage, however, it appears more that growth in Asia is softening, rather than decelerating sharply," he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Henning Gloystein<br> Editing by Joseph Radford and Richard Pullin)<span></span></span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></h1> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></h1> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></h1> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">Platinum near 10-year low; dollar, Germany trade jitters weigh - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">03-Jul-2018 09:25:21 AM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Renita D. Young<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, July 2 (Reuters) - Autocatalyst metal platinum tumbled to its lowest level in nearly 10 years on Monday, as the greenback strengthened, an intensifying U.S.-European Union trade spat pressured precious metals, and political risk in Germany weighed.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders said concerns in Germany were a factor. German 10-year bond yields dipped to five-week lows on Monday, pushed down by political uncertainty in Germany, trade war fears and an expectation that the European Central Bank could buy more long-dated bonds from next year to keep euro-zone borrowing costs in check. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The pan-European STOXX 600 ended the session down 0.8 percent with losses across the continent and sectors. Germany's trade-sensitive DAX settled down 0.6 percent.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A stronger U.S. dollar against a basket of currencies also pressured platinum prices, because it makes greenback-priced precious metals more expensive for holders of other currencies. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar received a boost from better-than-expected U.S. manufacturing data earlier on Monday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A deepening auto tariff spat between the United States and the European Union has pressured all precious metals, traders said. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The European Union has warned the United States that imposing import tariffs on cars and car parts would harm the U.S. automotive industry and likely lead to counter-measures on $294 billion of U.S. exports.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The expectation of higher U.S. interest rates pressured platinum and other precious metals, traders said. Higher rates tend to strengthen the dollar and boost bond yields, reducing the appeal of non-yielding precious metals.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Federal Reserve is expected to release minutes from its June meeting on Thursday.<span></span></span></p> <p class="gmail-line-break" style="margin:0cm 0cm 0.0001pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Renita D. Young <br> Editing by Leslie Adler) <br> <br> </span><span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold falls for a second day as dollar strength outweighs safe-haven demand - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">03-Jul-2018 12:29:45 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold may break support at $1,237/oz -technicals<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trade war concerns grow ahead of July 6 deadline<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum hovers near a 10-year low<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SPDR holdings fall 1.19 on Monday<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Karen Rodrigues<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BENGALURU, July 3 (Reuters) - Gold prices fell for a second day on Tuesday to the lowest since December as strength in the U.S. dollar put pressure on the yellow metal, offsetting safe-haven demand amid mounting global trade tensions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold fell 0.2 percent to $1,239.63 an ounce as of 0342 GMT after earlier dropping to its lowest since Dec. 12 at $1,237.36. In the previous session, it fell about 1 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures were 0.1 percent lower at $1,240.60 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's all about the USD (U.S. dollar) demand rather than any news specific as the markets insatiable demand for USD to ride out yet another building perfect storm has the USD glittering. As such Gold is especially vulnerable in such an environment," said Stephen Innes, APAC trading head at OANDA.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar was a shade lower on Tuesday but remained broadly supported after strong U.S. economic data. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A stronger dollar increases the cost of dollar-denominated bullion for investors paying in other currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, Asian shares hit a nine-month low on Tuesday on rising fears over tense trade relations between the United States and major economies, as Chinese markets saw another rocky day. The United States is set to place tariffs on $34 billion worth of Chinese goods on July 6. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. President Donald Trump warned the World Trade Organization on Monday that "we'll be doing something" if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Chamber of Commerce on Monday denounced President Trump's handling of global trade disputes, issuing a report that argued tariffs imposed by Washington and retaliation by its partners would boomerang badly on the American economy. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is usually seen as a safe-haven asset in times of political and economic uncertainties but has lately failed to do so.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold seems to be under pressure until we get to a level when everyone starts stepping in but that might be only between $1,235-$1,215 era," a Hong Kong-based trader said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold may break a support at $1,237 per ounce and fall to the next support at $1,229, Reuters technicals analyst Wang Tao said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.19 percent to 809.31 tonnes on Monday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, silver was down 0.1 percent at $15.82 an ounce and palladium fell 0.4 percent to $940.10 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum was 0.3 percent lower at $813.30 an ounce. In the prior session, it fell to the lowest since December 2008 at $804.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Autocatalyst metal platinum tumbled as the greenback strengthened, an intensifying U.S.-European Union trade spat pressured precious metals, and political risk in Germany weighed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Karen Rodrigues in Bengaluru; Editing by Amrutha Gayathri and Christian Schmollinger) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper bounces back from 7-month low, focus on U.S.-China trade dispute - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">03-Jul-2018 03:20:21 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Naveen Thukral<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 3 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Copper rose on Tuesday, bouncing back from last session's seven-month low, although escalating U.S.-China trade tensions kept a lid on the market.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Asian shares fell as sentiment remained fragile in the face of tense trade relations between the United States and other major economies, with investors braced for another potentially rocky day for Chinese markets.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Three-month copper on the London Metal Exchange was up 0.9 percent at $6,582 a tonne by 0710 GMT, after hitting its lowest since Dec. 5 at $6,519 a tonne on Monday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The most-traded copper contract on the Shanghai Futures Exchange finished up 0.2 percent at 51,430 yuan ($7,704.64) a tonne.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It is fundamentals as well as macro-economic environment which are keeping pressure on copper prices," said Meng Jie Wu, copper analyst CRU in Beijing. "Manufacturing costs are pretty high for the downstream industry."<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">TRADE DISPUTE: U.S. President Donald Trump has this year sought to renegotiate some of the United States' trading relationships, in particular with China. He has imposed tariffs on some imports, in turn sparking retaliatory action by other countries, raising fears of a global trade war.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">MANUFACTURING: Growth in China's manufacturing sector cooled slightly in June as firms faced rising input costs and a decline in export orders amid an escalating trade dispute with the United States, a private survey showed on Monday. China accounts for nearly half of global copper consumption, estimated this year at around 24 million tonnes.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHINA MONEY: Monetary easing in China is expected to help support industrial metals. China's central bank in April unexpectedly cut reserve requirement ratios (RRR) for most banks, in a move that was earlier and more aggressive than expected, highlighting concerns over liquidity.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">DOLLAR: The dollar eased marginally against its peers on Tuesday, as the euro steadied after partners in Germany's coalition settled a row over migration that had threatened to topple Chancellor Angela Merkel's government. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Naveen Thukral; editing by Richard Pullin and Subhranshu Sahu)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">POLL-U.S. corn seen 76 pct good to excellent, soybeans 72 pct - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">03-Jul-2018 12:55:51 AM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, July 2 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture is likely to lower its weekly condition ratings for the U.S. corn and soybean crops following a hot week in the Midwest crop belt and excessive rains in a few areas, according to a survey of analysts.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA is expected to rate 76 percent of the U.S. corn crop in good to excellent condition, down from 77 percent a week ago, according to an average of estimates by 10 analysts surveyed by Reuters on Monday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The government will rate 72 percent of the U.S. soybean crop as good to excellent, analysts predicted, down from 73 percent the prior week.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Nonetheless, ratings for both corn and soybeans would still be among the highest on record for this time of year in USDA data dating to the mid-1980s.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA is scheduled to release its report at 3 p.m. CDT (2000 GMT) on Monday. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Analysts, on average, expect the USDA to rate 76 percent of the U.S. spring wheat crop as good to excellent, down from 77 percent a week ago.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">For winter wheat, analysts expect the USDA to show the harvest as 56 percent complete, up from 41 percent a week ago.<span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><br> (Reporting by Julie Ingwersen; Editing by Dan Grebler)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">TECHNICALS-CBOT wheat may bounce into $5.08 to $5.13-1/4 range - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">03-Jul-2018 03:23:47 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 3 (Reuters) - CBOT December wheat may bounce into a range of $5.08 to $5.13-1/4 per bushel, as it has found a support at $4.96.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The support is provided by the 176.4 percent projection level of a downward wave c from $5.75-1/2. This support is not working alone. It coincides with another one at $4.96-1/2 on the daily chart, which is the 76.4 percent retracement of the uptrend from $4.68-1/4 to $5.88.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The downtrend from $5.88 could have temporarily ended. It will be reversed by a decent bounce. A break below $4.96 (first chart) could cause a loss to $4.91-1/2.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><br> ** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Wang Tao; Editing by Subhranshu Sahu) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">TECHNICALS-CBOT corn may hover above $3.58-3/4 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">03-Jul-2018 02:43:04 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 3 (Reuters) - CBOT December corn has found a support at $3.58-3/4 per bushel and may hover above this level or bounce into a range of $3.64-1/4 to $3.68-1/2.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The support is identified as the 100 percent projection level of a downward wave C from $4.00-1/2. This barrier is pivotal in determining whether the wave C could extend into a range of $3.32-3/4 to $3.42-3/4.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Regardless of a possible extension, the support could be strong enough to hold the fall, or cause a decent bounce. A break above the nearest resistance at $3.64-1/4 could open the way towards $3.68-1/2 to $3.74-1/2.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A break below $3.58-3/4 could confirm the extension of the wave C towards $3.52-1/2.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Wang Tao; Editing by Subhranshu Sahu) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">TECHNICALS-CBOT soybeans may hover above $8.66 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">03-Jul-2018 02:28:14 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <br> <br> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, July 3 (Reuters) - The CBOT soybeans November contract seems to have stabilized around a support at $8.66 per bushel. It may hover above this level or bounce toward a resistance at $8.75-1/2.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The support is identified as the 86.4 percent projection levels of a downward wave (c) from $8.99. Even though theoretically this wave is capable of travelling to $8.61, it could end around $8.66 as well.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The longer the contract hovers above $8.66, the more likely it will reverse its downtrend around this level. A break above $8.75-1/2 could lead to a gain into $8.80 to $8.84-1/4 range.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A break below $8.66 could cause a loss limited to $8.61.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Wang Tao; Editing by Vyas Mohan)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">European shares edge higher after breakthrough in Merkel migration row - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">03-Jul-2018 04:06:47 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, July 3 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">European shares edged higher on Tuesday after German Chancellor Angela Merkel's conservatives settled a row over migration, a tailwind for investors wary that a U.S. led trade war could derail global growth.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The pan-European STOXX 600 was up 0.2 percent by 0736 GMT with Germany's DAX posting the best performance with a 0.6 percent rise.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dispute over immigration had threatened to topple Merkel's fragile governing coalition but in a breakthrough late on Monday evening, her rebellious interior minister dropped his threat to resign after five hours of talks. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Asian shares, which had sustained heavy falls overnight, particularly in China, recouped some of their losses before European bourses opened, helping restore sentiment. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chinese financial markets have been jittery ahead of a July 6 deadline, when the U.S. is set to slap tariffs on $34 billion worth of Chinese goods that Beijing has vowed to match with tariffs on U.S. products.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Miner Glencore fell 8.5 percent after it said a unit was subpoenaed from the United States Department Of Justice.<br> <br> Societe Generale was flat and Commerzbank rose 0.4 percent after the latter agreed to sell its equity markets and commodities business (EMC) to the French bank.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julien Ponthus<br> Editing by Raissa Kasolowsky)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">WRAPUP 3-China seeks to soothe markets as trade angst rattles stocks, yuan - Reuters <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">03-Jul-2018 02:54:10 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Winni Zhou and John Ruwitch<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SHANGHAI, July 3 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's central bank moved to calm jittery financial markets on Tuesday after the yuan dropped through the psychologically significant 6.7 to the dollar mark, hitting its lowest in almost a year as anxieties over U.S. trade frictions deepened.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stocks also sank in morning trade as Beijing and Washington hurtled toward an end-of-week tariff deadline that has kept investors in China nervous, although they recouped their losses and flipped into positive territory in the afternoon.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chinese currency and equity markets have been on edge ahead of July 6, when U.S. tariffs on $34 billion worth of Chinese goods kick in. Beijing has said it would retaliate with tariffs on U.S. products.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In a statement posted on the website of the People's Bank of China, Governor Yi Gang said the central bank was closely watching fluctuations in the foreign exchange market and would seek to keep the yuan at a stable and reasonable level. Cross-border capital flows were under control, Yi said. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">State-controlled media had earlier called the fall in stocks an "irrational overreaction" and urged investors not to panic over the growing trade frictions.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">After the morning drop, market participants suspected the central bank of intervening in the currency market to support the yuan. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The yuan fell to 6.7204 per dollar, its weakest since Aug. 7, 2017 and the first time it dropped below 6.7 since Aug. 9, 2017, before crossing back and forth over the line. At 0542 GMT it was trading at 6.7010. The currency has lost more than 4 percent of its value against the dollar since mid-June.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's a crucial day for the yuan today given it weakened past 6.7 per dollar," said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Let's see what level the yuan closes today, and see whether the central bank would take out some measures to stabilise the exchange rate."<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Four traders told Reuters that major state-owned banks were seen swapping yuan for dollars in the forwards market and immediately selling some of them into spot market, which helped support the Chinese currency. Traders and economists say major state-owned banks sometimes act on behalf of the central bank in the foreign exchange interbank market.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The central bank was not immediately available to respond to Reuters' request for comment on the yuan's moves.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It feels like the state-owned banks are stocking up on bullets to prevent the yuan from falling too much," said one trader at a Chinese bank in Shanghai.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The central bank earlier set the midpoint at 6.6497 yuan per dollar, its weakest fixing in about 10 months.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Speaking at an event to mark the one-year anniversary of a scheme that links Hong Kong and mainland bond markets, PBOC deputy governor and head of the foreign exchange regulator Pan Gongsheng said China was confident it could keep the yuan basically stable and at a "reasonable" level. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Another foreign exchange trader at a Chinese bank in Shanghai said those comments went some way toward calming a jittery market.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">TRADE CONDITIONS<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The outlook for Sino-U.S. trade relations was further clouded on Tuesday by Washington's moves to block China Mobile from offering services in the U.S. and news that growth in China's exports to the United States has slowed significantly this year. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Analysts at Commerzbank said in a note on Tuesday that while concerns about the trade conflict were creating a drag on the yuan, they did not expect the government to use the exchange rate as a weapon in the trade dispute.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The uncertainty related to the trade conflict, the weak growth outlook and the easing bias in Chinese monetary policy suggest a weaker renminbi in the coming quarters," they wrote.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In equities, the blue chip CSI300 Index slumped by more than 2 percent in the morning trading session, and the Shanghai Composite Index was down more than 1 percent before staging an afternoon comeback. At 0543 GMT the Shanghai Composite was down just 0.05 percent while the CSI300 was off 0.33 percent.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Hong Kong's Hang Seng Index was hammered after a one-day hiatus on Monday to mark the day that the former British colony was returned to China. It was down by around 3 percent.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Intensifying trade frictions between China and the United States are a test that the Chinese economy inevitably had to experience during its rise," the Economic Daily said.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We have long anticipated and prepared for this...The impact on the Chinese economy is within a controllable range."<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Securities Daily newspaper, meanwhile, called the slump in the mainland stocks an overreaction, saying that investors should have confidence in China's domestic market and that the current macroeconomic situation was stable.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Winni Zhou and John Ruwitch; Editing by Sam Holmes)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Dollar consolidates gains after rising three straight months - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">03-Jul-2018 03:48:08 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Saikat Chatterjee<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, July 3 (Reuters) - The dollar consolidated gains on Tuesday after three consecutive months of gains as investors waited for minutes of the U.S. Federal Reserve's June meeting and jobs data that should confirm whether policymakers will raise interest rates twice this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro also gained after Germany's coalition settled a row over migration that had threatened to topple Chancellor Angela Merkel's government.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Notwithstanding the trade war concerns, the broader picture is the U.S. central bank still remains the most hawkish central bank among its peers and that should support the dollar for now," said Jane Foley, a senior currency strategist at Rabobank in London.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In early trading, the dollar was down 0.3 percent at 94.76. It has gained 5 percent over the last three months taking its year-to-date gains to nearly 3 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Fed will release minutes of its June meeting on Thursday, and investors will parse the data and the statements to gauge whether is still on track to raise interest rates twice more this year. Monthly payrolls data follow on Friday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Broader appetite for risk in currency markets rose with the Australian dollar rising half a percent the day after its central bank left interest rates unchanged and signaled a steady outlook at a policy meeting. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro edged 0.1 percent higher at $1.1652.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Chinese yuan remained volatile headed into July 6, when U.S. tariffs on Chinese exports are due to take effect.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The yuan earlier fell to 6.7204 per dollar, its weakest since August 2017, before recovering to 6.7035. Traders said state-owned banks were trying to prop up the currency.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There's a strong element of 'risk off' generated by trade concerns behind the dollar's latest rise. That said, the dollar has managed to gain only as emerging market and commodity currencies have slid due to risk aversion," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Saikat Chatterjee, additional reporting by Shinichi Saoshiro in Tokyo, editing by Larry King)<span></span></span></p> </div> Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-1734084652835824296.post-45309567124927598002018-06-12T21:43:00.001+08:002018-06-12T21:43:49.140+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set to open flat after U.S.-North Korea summit - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">12-Jun-2018 09:10:42 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. consumer prices for May rise in line with expectations <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Twitter jumps after J.P. Morgan PT hike<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Telsa gains after Keybanc raises Model 3 delivery est<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures: Dow off 3 pts, S&P and Nasdaq up 1 pt each<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Sruthi Shankar<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">June 12 (Reuters) - U.S. stock futures were flat on Tuesday after the historic U.S.-North Korea summit failed to impress investors, who turned their focus to the Federal Reserve's two-day policy meeting.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula, while Washington committed to provide security guarantees for its old enemy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But they gave few other specifics in a joint statement signed at the end of their summit in Singapore, and several analysts cast doubt on how effective the agreement would prove to be in the long run at getting North Korea to give up its cherished nuclear weapons. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Markets are skeptical," said Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts. "This is more of a case of 'we'll believe it when we see it', rather than actually reacting."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Federal Reserve is widely expected to raise interest rates by a quarter percentage point at the policy meeting, which begins on Tuesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors are focused on how the U.S. central bank characterizes its monetary policy as borrowing costs return to more normal levels, while also looking for hints if the Fed is going for three or four rate hikes this year. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market would take two more in stride. The last time, the Fed was pretty evenly split (on three or four rate hikes). There would be a shift, but only a shift at the margins, which would be interpreted as a sign of the economy continuing to strengthen."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. consumer prices rose marginally in May amid a slowdown in the pace of increases in the cost of gasoline, pointing to moderate inflation pressures. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Labor Department said Consumer Price Index increased 0.2 percent following a similar gain in April, while the core CPI, which strips out the volatile food and energy components, rose to 2.2 percent, year-over-year. Both were in line with economists' estimates polled by Reuters. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With inflation flirting with the Fed's 2 percent target, policymakers have in recent days signaled they would not be too concerned if it overshot the target.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By 8:48 a.m. ET, Dow e-minis were down 3 points, or 0.01 percent. S&P 500 e-minis were up 1 points, or 0.04 percent and Nasdaq 100 e-minis were up 1 points, or 0.01 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among stocks, Twitter rose 3.0 percent in premarket trading after J.P. Morgan raised its price target by $11 to $50.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tesla surged 3.4 percent after Keybanc raised its estimates for Model 3 deliveries for the second quarter and full-year. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of AT&T Inc rose 0.9 percent ahead of a landmark ruling, due after the closing bell, that will determine if it can buy Time Warner Inc <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 9-Oil eases; OPEC cites uncertain market outlook for 2018 - Reuters <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">12-Jun-2018 07:57:50 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Volatility subsides as caution builds over OPEC meeting<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC cites uncertain market outlook in second half of 2018<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising supplies from top producers cap market<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC, non-OPEC producers meet on June 22-23 in Vienna<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Amanda Cooper<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 12 (Reuters) - Oil prices eased on Tuesday, paring earlier gains, although volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude remained in a tight trading range, in line with the broader financial markets, which were largely unruffled by a U.S.-North Korea summit aimed at the denuclearisation of the Korean peninsula. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Organization of the Petroleum Exporting Countries released its monthly report on Tuesday, in which it cited the high degree of uncertainty hanging over the global oil market this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures fell 29 cents to $76.17 a barrel by 1143 GMT, while U.S. West Texas Intermediate crude futures eased 12 cents to $65.98.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market has been rangebound for two weeks and that is likely to remain the case," Ole Hansen, senior manager at Saxo Bank, said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC, together with partners including Russia, has cut oil output by 1.8 million barrels per day (bpd) since January 2017 in an effort to boost the market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Volatility in oil prices has subsided due to caution around the group's meetings scheduled for June 22-23, at which it will decide on future supply policy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With U.S. sanctions threatening to cut Iranian exports and the potential for more declines in Venezuelan production, OPEC kingpin Saudi Arabia and Russia have indicated they would be willing to raise output to make up for any supply shortfall.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Russian production reportedly climbed to 11.1 million bpd in early June. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In the United States, output has risen by almost a third in the last two years, to a record 10.8 million bpd.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Top exporter Saudi Arabia - which has so far led OPEC's efforts to withhold supplies - is also showing signs of raising production.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC said on Tuesday the outlook in the second half of the year is highly uncertain even though the oil producer group's figures show a global glut is gone, suggesting exporters will be in no rush to fully relax output curbs next week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Recently, crude oil futures have lost some momentum amid uncertainty as traders prepare for potentially more supply returning to the market," the group said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I feel that if they would like to be a responsible swing producer for the global oil market, based on their (demand) numbers, they should increase production by at least 1 million bpd from the current level," PVM Oil Associates strategist Tamas Varga said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Henning Gloystein in SINGAPORE; Editing by Dale Hudson/David Evans)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 1-OPEC cautious on oil outlook despite end of global glut - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">12-Jun-2018 07:39:20 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Alex Lawler<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 12 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC said <span class="gmail-tr-strong">on Tuesday </span>the oil market outlook in the second half of the year <span class="gmail-tr-strong">is</span> highly uncertain even though the producer group's figures show a global glut <span class="gmail-tr-strong">has ended</span>, suggesting exporters will be in no rush to relax output curbs at a meeting next week. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC, Russia and other non-OPEC producers have been cutting output since January 2017 to get rid of excess supply <span class="gmail-tr-strong">and boost prices</span>. The deal's main goal was to reduce oil inventories in developed nations to that of the five-year average. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In a report on Tuesday, OPEC said inventories in those nations in April fell to 26 million barrels below the five-year average. That's down from 340 million barrels above the average in January 2017.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With oil prices hitting $80 a barrel this year, the highest since 2014, Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production. The producers meet on June 22-23 in Vienna to set policy.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Still, OPEC in the report was cautious on the outlook for the rest of 2018<span class="gmail-tr-strong">, citing a faster-than-expected rise in non-OPEC oil production and the chances of global demand weakening.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Recently, crude oil futures have lost some momentum amid uncertainty as traders prepare for potentially more supply returning to the market," OPEC said.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"While oil demand in the U.S., China and India shows some upside potential, downside risks might limit this potential going forward."</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The report said OPEC members were still cutting more than needed under the supply deal, even though output in May rose and top exporter Saudi Arabia is boosting supply.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC output climbed by 35,000 barrels per day to 31.87 million bpd, OPEC said. Saudi Arabia reported to OPEC its own output rose back above 10 million bpd. </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Editing by Jason Neely and Dale Hudson)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold locked below $1,300 as market braces for Fed meeting - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">12-Jun-2018 08:12:22 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Fed rate decision due at 1800 Wednesday<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors seeking clues on Fed policy outlook<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">European, Japanese central banks also meet this week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Little reaction from U.S.-N.Korean agreement<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Peter Hobson<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 12 (Reuters) - Gold prices remained locked just below $1,300 an ounce on Tuesday as investors waited for clues on the pace of U.S. interest rate rises from a Federal Reserve meeting this week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A Fed statement and press conference expected from 1800 GMT on Wednesday could push gold out of the tight range of around $1,290-$1,305 in which it has been trapped since mid-May.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is highly sensitive to interest rates because higher rates push up bond yields, making non-yielding gold less attractive, and tend to strengthen the dollar, increasing the cost of gold for buyers using other currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors expect the Fed to increase rates on Wednesday but will be looking for hints at future policy. A more aggressive stance on monetary tightening would hurt gold. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We are waiting for the FOMC," said Saxo Bank analyst Ole Hansen, referring to the Fed's policy committee.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold prices have tended to fall ahead of previous rate rises but recover afterwards, he said. "We're still erring towards the potential for a move higher here."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 0.1 percent at $1,297.95 an ounce at 1202 GMT, while U.S. gold futures for August delivery were 0.1 percent lower at $1,301.70 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. bond yields had edged higher and the dollar was flat against a basket of major currencies. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adding to the wait-and-see mood for gold were expectations that the European Central Bank will signal a winding down of its vast bond-buying programme at a meeting on Thursday. This would likely help gold by boosting the euro and weakening the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Japan's central bank will also meet on June 14-15.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold did not react strongly to a pledge by the leaders of the United States and North Korea to work toward complete denuclearisation of the Korean peninsula. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The joint statement signed at the end of a summit in Singapore gave few details on how this goal would be achieved.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is traditionally used as a safe place to invest money during times of uncertainty, and growing tensions over Korea have added to demand.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, silver was down 0.3 percent at $16.84 an ounce after hitting a seven-week high of $16.95 on Monday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum was 0.3 percent higher at $906.80 an ounce and palladium was down 0.4 percent at $1,017.91 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Karen Rodrigues and Swati Verma in Bengaluru; Editing Susan Fenton and Louise Heavens) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 1-VEGOILS-Malaysian palm oil slides to near two-year low - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">12-Jun-2018 07:04:03 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Kanupriya Kapoor<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">JAKARTA, June 12 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysian palm oil futures dropped more than 1 percent to their lowest in nearly two years on Tuesday, weighed down by the government's decision to maintain an export tax for July and due to lacklustre demand.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange dropped 1.44 percent to 2,326 ringgit ($583.25 per tonne by the close of trade, the lowest since August, 2016. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Prices dropped as low as 2,323 ringgit during the day and trading volumes stood at 59,383 lots of 25 tonnes each. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia, the world's second-largest palm oil producer, kept its crude palm oil export tax at 5 percent in July. The tax was resumed in May, after a four-month hiatus to increase demand and boost prices. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Going forward the market is very concerned about demand, because it's not picking up as it should. Production is also supposed pick up and that will put further pressure on inventories and prices," said David Ng of Phillip Futures. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's exports of palm oil, an ingredient used in goods ranging from soap to chocolate, between June 1 and June 10 stood at 324,947 tonnes, down 20 percent from the same period a month earlier. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices track the performances of other edible oils, as they compete for a share in the global vegetable oils market.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On the Dalian Commodity Exchange, the September soybean oil contract dropped 0.66 percent, while the July soybean oil contract on the Chicago Board of Trade was also down 0.23 percent. <span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Editing by Sherry Jacob-Phillips/David Evans)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-86825157536027270112018-06-06T22:12:00.001+08:002018-06-06T22:12:49.184+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 7-Oil prices slip on expectations of higher supply - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 09:41:53 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington asks Saudi, others to raise output<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Venezuela considers force majeure on some exports<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stocks fall by 2 million barrels, API reports<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, updating detail, prices; paragraphs 1-7<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Christopher Johnson<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 6 (Reuters) - Oil prices fell on Wednesday on increasing signs that Saudi Arabia and other big crude producers may raise supply to balance a surge in demand during the peak U.S. summer driving season.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global oil benchmark Brent crude climbed above $80 a barrel last month, but prices have eased since then on talk of higher output by the Organization of the Petroleum Exporting Countries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent was down 35 cents a barrel at $75.03 by 1320 GMT. U.S. light crude was 30 cents lower at $65.22.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">India's oil minister said on Wednesday his Saudi counterpart had told him the kingdom was revisiting its policy of cutting production, which has been a major factor in supporting prices in recent months. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. government has unofficially asked Saudi Arabia and some other OPEC producers to increase output, sources told Reuters on Tuesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC and Russia will meet on June 22/23 to decide whether to increase production following a fall in global inventories as world demand outstrips supply.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The producers have been considering a supply increase of up to 1 million barrels per day, sources told Reuters. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The oil price is being driven by OPEC and views on how much and how quickly 'OPEC plus' will raise output," Energy Aspects analyst Virendra Chauhan said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Balancing expectations of higher OPEC output has been falling Venezuelan oil production.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Venezuela has the world's biggest oil reserves and is a key supplier to American fuel markets but its output has been hampered by inadequate investment, mismanagement and a confrontation with the United States that has led to sanctions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Three sources have told Reuters Venezuelan state firm PDVSA is considering declaring force majeure on some exports, after plummeting output and tanker bottlenecks at ports.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. sanctions on Iran also threaten to reduce oil exports from the OPEC producer.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's a tug of war between the loss of supply from Venezuela and Iran and the potential output increase from OPEC and U.S. shale," said Tony Nunan, risk manager at Mitsubishi Corp. "$80 is a temporary ceiling for oil until we hear from OPEC."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Industry data from the American Petroleum Institute showed on Tuesday that U.S. crude inventories fell by 2 million barrels last week, compared with analysts' expectations for a draw of 1.8 million barrels. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors awaited official inventories data from the U.S. Energy Department's Energy Information Administration at 1430 GMT. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Florence Tan in Singapore and Osamu Tsukimori in Tokyo<br> Editing by Dale Hudson and Edmund Blair)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Dow heads higher, tech stocks mixed after surge - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 09:19:37 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">UnitedHealth rises on dividend raise, buyback plan <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Signet jumps after posting surprise Q1 profit <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tesla to meet Model 3 goal - Musk, shares rise <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures up: Dow 0.49 pct, S&P 0.17 pct, Nasdaq 0.04 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">June 6 (Reuters) - U.S. stock index futures rose on Wednesday, with electric carmaker Tesla and insurer United Health among the biggest drivers after the tech-heavy Nasdaq index hit a record high on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">UnitedHealth shares jumped 1.3 percent in premarket trading after the health insurer hiked its quarterly dividend and announced a buyback. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tesla Inc jumped 3.9 percent after billionaire Chief Executive Elon Musk reassured shareholders that building 5,000 of its mass market Model 3 cars per week by the end of June was "quite likely". <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Nasdaq closed at a record high on both Monday and Tuesday, helped by gains for Apple, Amazon and other tech giants.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, Nasdaq 100 e-minis were up only 2.75 points, or 0.04 percent, pointing to a slightly higher open.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Also playing in were gains for some of the suppliers of ZTE Corp after sources familiar with the matter said it had signed an agreement in principle that would lift a U.S. ban on the telecoms equipment maker.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Qualcomm rose 0.9 percent and Intel Corp rose 0.1 percent while smaller optical components makers including Acacia Communications gained 3.2percent and Finisar Corp was up 2.0 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. officials were weighing an offer by China to import an extra $70 billion of American goods over a year as Beijing tries to defuse a potential trade war between the world's two largest economies, according to sources. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There is no new escalation on the trade front and a result of that, there is absence of bad news and stocks will tend to rebound in a relief rally," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:55 a.m. ET, Dow e-minis were up 121 points, or 0.49 percent. S&P 500 e-minis were up 4.75 points, or 0.17 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. President Donald Trump is due to attend a G7 summit in Canada later this week, where leaders were likely to discuss the global economy and concerns about U.S. trade policy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Six of the other G7 countries - Britain, Canada, France, Germany, Italy and Japan - are now paying the metals import tariffs Trump announced earlier this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump last week pushed on with imposing the tariffs - 25 percent on steel and 10 percent on aluminum - on Canada, the EU and Mexico, with Mexico retaliating by putting tariffs on American products ranging from steel to pork and bourbon. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Signet Jewelers jumped 9.4 percent after reporting a surprise profit and higher-than-expected revenue in the first quarter.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">L Brands rose 1.9 percent after the Victoria's Secret owner reported a 10 percent jump in sales in May. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 1-EU plans to hit U.S. imports with duties from July - Reuters <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 07:13:57 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">EU counter-measures on 2.8 bln euro of U.S. imports<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Canada, Mexico also imposing tariffs<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Philip Blenkinsop<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BRUSSELS, June 6 (Reuters) - The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">EU members have given broad support to a European Commission plan to set 25 percent duties on up to 2.8 billion euros ($3.3 billion) of U.S. exports in response to what is sees as illegal U.S. action. EU exports that are now subject to U.S. tariffs are worth 6.4 billion euros.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The Commission expects to conclude the relevant procedure in coordination with member states before the end of June so that the new duties start applying in July," Commissioner Maros Sefcovic told a news conference on Wednesday after he and other commissioners endorsed the plan for duties on U.S. imports.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That plan also includes duties of between 10 and 50 percent on a further 3.6 billion euros of U.S. imports in March 2021 or potentially sooner if the World Trade Organization has ruled the U.S. measures illegal.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. products on the list include orange juice, bourbon, jeans, motorcycles and a variety of steel products.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The European Union, Canada and Mexico have all responded after U.S. President Donald Trump last Friday ended their exemptions from tariffs of 25 percent for steel and 10 percent for aluminium.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Canada has announced it will impose retaliatory tariffs on C$16.6 billion ($12.9 billion) worth of U.S. exports from July 1. Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some of the products chosen are designed to target states of senior Republicans who are seeking to retain control of both chambers of Congress in hotly contested November elections. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The European Commission launched a legal challenge against the U.S. tariffs at the World Trade Organization last Friday. It is also assessing the need for measures to prevent a surge of imports of steel and aluminium into Europe as non-EU exporters divert product initially bound for the United States.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">European Trade Commissioner Cecilia Malmstrom said on Monday that preliminary "safeguard" measures for steel could come as early as July. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 0.8500 euros)<br> ($1 = 1.2918 Canadian dollars)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Philip Blenkinsop; editing by Robert-Jan Bartunek and Richard Balmforth)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold steady, weaker dollar provides support - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 08:21:46 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Geopolitics providing only limited support to gold -analysts<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SPDR holdings dip to lowest in nearly 3 months<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Eric Onstad<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 6 (Reuters) - Gold steadied on Wednesday, supported by a weaker dollar and trade tensions as the market looked ahead to an expected U.S. rate hike next week when the Federal Reserve meets.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was little changed at $1,295.76 per ounce at 1314 GMT while U.S. gold futures for August delivery dipped 0.2 percent to $1,300.10 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Investors are sitting on the fence, they only want to be involved when we break out of the range," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold was trapped between the 200-day moving average at around $1,308 and $1,286 on the downside, he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The case for hiking U.S. interest rates next week was bolstered on Tuesday when data showed U.S. services sector activity accelerated in May and job openings rose to a record high in April.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold, which is a non-interest-paying asset, could see demand take a hit from higher rates.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Once the rate decision has been taken, gold is likely to move higher, Hansen said. "There is potential for gold to follow the same pattern it's taken after recent rate hikes: defensive before, only to rally afterwards."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A softer greenback provided support to dollar-denominated gold after the euro rose to a 10-day high when European Central Bank officials said an end to the bank's bond-buying programme by the end of 2018 was plausible. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Potential investors in gold were also waiting to see how trade tensions play out since many believe recent U.S. tariffs are negotiating tactics, analysts said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Investor interest is mixed towards gold in the current environment, with geopolitical tensions attracting reduced flows and limiting the downside risk rather than propelling prices higher," Standard Chartered said in a note on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.03 percent to 836.13 tonnes on Tuesday, the lowest since mid-March. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, silver gained 0.6 percent to $16.57 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum slipped 0.21 percent to $898.5 an ounce and palladium ceded 0.3 percent to $990.5 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues in Bengaluru Editing by Edmund Blair and Louise Heavens) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">Platinum eyes gradual price recovery as deficit widens this year-GFMS - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">06-Jun-2018 04:30:00 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Jan Harvey<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 6 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum prices are set to begin a gradual recovery as the market deficit hits a four-year peak this year, an industry report said on Wednesday, with industrial and autocatalyst demand inching higher while mine supply contracts.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The shortfall in the platinum market will push back out to 280,000 ounces in 2018, GFMS analysts at Thomson Reuters forecast in their Platinum Group Metals Survey 2018, a level that would be its highest since 2014 and up from 53,000 ounces last year.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palladium market deficit meanwhile is expected to reach another record. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We expect the platinum price will start a recovery this year, albeit a gradual one," GFMS head Rhona O'Connell said. "This is predicated on a small deficit this year of nearly 0.3 million ounces, fuelled by a contraction in supply, chiefly from the South African mining sector, coupled with rising demand."<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Meanwhile the palladium price is set to exceed platinum on an annual average basis in 2018, an historical first," she added.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum prices have languished near decade lows in recent years on perceptions that demand from jewellers and automakers - which use the metal in catalytic converters primarily for diesel cars - is under pressure against a backdrop of plentiful supply.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Autocatalyst demand for platinum is forecast to rise marginally this year, having edged up 2 percent in 2017 as buoyant Chinese buying outweighed a drop in European consumption linked to the move away from diesel.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Jewellery consumption is expected to contract again, however, with Chinese buyers in particular continuing to shy away from the market. Industrial demand is seen rising further after buying from China's glass and petroleum sectors drove it to record highs last year. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mine supply meanwhile is tipped to contract for a third year this year, with South African production easing more than 2 percent. Lower costs helped relieve pressure on South Africa's beleaguered platinum sector last year, with 32 percent of output operating at a loss, compared to 36 percent in 2016.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum's sister metal palladium, which in contrast was a standout performer among metals last year, is expected to maintain a hefty market deficit of 1.3 million ounces this year, marginally above 2016's record level.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Demand from the autocatalyst sector, which accounts for nearly four out of five ounces of palladium demand, is expected to keep growing this year to 8.09 million ounces, another record high. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">PLATINUM SUPPLY/DEMAND ('000 OZ)*<span></span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td style="border:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2018 (f)<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2017<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2016<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Mine production<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5,773<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5,922<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5,966<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Autocatalyst scrap<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,230<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,187<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,126<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Jewellery scrap<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">650<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">661<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">695<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SUPPLY<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,653<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,769<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,788<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Autocatalysts<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">3,268<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">3,255<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">3,196<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Jewellery<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,136<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,204<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,318<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Industrial<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,237<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,059<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,917<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Retail investment<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">292<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">303<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">550<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">DEMAND<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,933<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,822<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,981<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Physical balance<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-280<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-53<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-193<span></span></span></p> </td> </tr> </tbody></table> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">PALLADIUM SUPPLY/DEMAND ('000 OZ)*<span></span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td style="border:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2018 (f)<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2017<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2016<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Mine production<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">6,653<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">6,741<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">6,540<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Autocatalyst scrap<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,265<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,160<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,956<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Jewellery scrap<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">52<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">47<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">65<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SUPPLY<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">8,969<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">8,948<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">8,561<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Autocatalysts<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">8,090<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,880<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,613<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Jewellery<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">280<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">285<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">293<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Dental <span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">394<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">408<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">426<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Industrial<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,473<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,522<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,510<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Retail investment<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">59<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">53<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">45<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">DEMAND<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">10,296<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">10,148<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">9,887<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Physical balance<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-1,327<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-1,201<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-1,326<span></span></span></p> </td> </tr> </tbody></table> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">*Source: GFMS Platinum Group Metals Survey 2018 <span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Jan Harvey<br> Editing by Louise Heavens and Edmund Blair)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper hits 3-month high on strong growth, Chile supply concerns - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 06:52:46 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, updates prices, adds details/quote; changes dateline<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Maytaal Angel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 6 (Reuters) - Copper hit a three-month high on Wednesday as the dollar dropped, concerns lingered over possible supply disruptions in Chile and as investors saw solid global economic growth boosting demand for the metal.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Nickel and zinc hit their highest in more than a month, meanwhile, tracking the ferrous complex higher after a blast at an iron ore mine in China and amid falling inventories. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Copper has risen nearly 4 percent this week after the union at BHP's, Escondida mine in Chile, the world's largest, said on Friday it had started the latest round of wage negotiations. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Failure to reach a deal last year led to a strike that resulted in a near 8 percent drop in annual output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's natural that anything related to Escondida is going to cause a bit of a flare up. The concentrates market is very tight. That's magnifying any (possible) supply shocks," said Kash Kamal, analyst at BMO Capital Market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Also boosting metals were signs of solid global growth, with trepidation over trade wars and fractious European politics taking a backseat after data this week showed ongoing expansion in global business activity.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar hit a 10-day low versus the euro, which was lifted by hawkish comments from the European Central Bank. A weaker dollar makes dollar-priced metals cheaper for non-U.S. investors. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* LME COPPER: Three-month copper on the London Metal Exchange hit $7,163 a tonne, its highest since Feb. 26, and stood at $7,153.50 a tonne at 1023 GMT, up 0.7 percent on the day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Signs of slowing downstream demand in China, the world's top copper consumer, and the strength of the dollar mean copper "may continue to be range-bound with periodic upside surprise on the newsflow of supply disruptions," Argonaut Securities said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ALUMINIUM: LME aluminium rose 0.8 percent to $2,329.50, having hit $2,345 a tonne, the highest since May 10. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ALUMINIUM PREMIUMS: Spot aluminium premiums in Asia have nearly halved in recent weeks, even as U.S. premiums hold at three-year highs, driven down by an influx of Chinese metal and bets that Russian producer Rusal will avoid sanctions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* FERROUS: Chinese iron ore futures climbed to their highest level in two weeks after an iron ore mining accident, stirring concerns about potential tight supply in the market. Steel rebar futures also gained. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ZINC/NICKEL: Steelmaking ingredient zinc hit its highest since late April at $3,220, while stainless steelmaking ingredient nickel hit its highest since mid April at $15,845. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Tom Daly; Editing by Susan Fenton)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 6-7 cents, corn and soybeans steady up 1 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 09:25:22 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, June 6 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 6 to 7 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rose for a second straight day on technical buying after surpassing the 20- and 30-day moving averages around $5.14 cents in the CBOT July contract.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The association of German farm cooperatives cut its forecast of Germany's 2018 wheat crop to 22.89 million tonnes, down 6.5 percent on the year after grains suffered from dry weather in past weeks. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 6-1/2 cents at $5.16-1/2 per bushel. K.C. July hard red winter wheat last traded up 7-1/4 cents at $5.36-1/4 and MGEX July spring wheat was up 4-1/2 cents at $6.01-1/2 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Steady to up 1 cent per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn drew support from follow-through buying with the July contract above 200-day moving average support of $3.82 cents and below 100-day moving average technical resistance at $3.89-1/4 cents. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Trump administration indefinitely delayed a proposed overhaul of U.S. biofuels policy aimed at reducing costs for the oil industry, under pressure from corn state lawmakers who worry the move would undermine demand for corn-based ethanol. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded up 1 cent at $4.05 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt 36pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Steady to up 1 cent per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans moved in a narrow trading range with the CBOT July contract hovering below major moving averages.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Markets were limited by mostly favorable crop growing weather in the U.S. Midwest, bolstering yield prospects.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 1/4 cent at $10.01-1/2 per bushel. <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Theopolis Waters and Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm extends losses to near one-month low on poor exports - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">06-Jun-2018 07:35:31 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Mayank Bhardwaj<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW DELHI, June 6 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysian palm oil futures extended losses on Wednesday, hitting their lowest in nearly a month, as weak exports and waning demand during the otherwise high-consumption period of Ramadan.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.37 percent at 2,393 ringgit ($602.47) a tonne by the close.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark contract edged slightly higher during the midday break, largely because of higher soybean prices in Chicago and India's plans to raise the import tax on soft oils.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 26,101 lots of 25 tonnes each.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Exports continue to be weak and demand for the Ramadan festival has become slack now," said a Kuala Lumpur-based palm trader.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Buyers typically stock up on palm oil a month before Ramadan, which began in mid-May this year.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's palm oil exports in May dropped 8.8 percent from April to around 1.2 million tonnes, independent inspection company AmSpec Agri Malaysia said last week.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Cargo surveyor Societe Generale de Surveillance (SGS) said the country's May palm oil exports fell 9.9 percent from a month ago.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In Indonesia, the world's top palm oil exporter, shipments of palm and palm kernel oils plunged 13.6 percent in April, data from the Indonesia Palm Oil Association showed. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil inventories in Malaysia, the world's second-largest producer, are expected to slip to an eight-month low in May, weighed down by a decline in production, according to a Reuters poll. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil may fall to 2,364 ringgit, as it has broken a support at 2,408 ringgit per tonne, said Wang Tao, a Reuters market analyst for commodities and energy technicals. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In related vegetable oils, the Chicago July soybean oil contract was up 0.06 percent, while September soybean oil on China's Dalian Commodity Exchange dropped by up to 0.27 percent.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils as they compete for a share in the global vegetable oils market.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td colspan="7" style="border:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm, soy and crude oil prices at 1111 GMT<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Contract<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Month<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Last<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Change<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Low<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">High<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Volume<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2395<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-9.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2395<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2411<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">514<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2395<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-5.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2391<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2409<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">3,176<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">AUG8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2393<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-8.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2392<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2413<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">12,290<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA PALM OLEIN<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5034<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-4.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5020<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5054<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">182,904<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5814<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-16.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5798<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5848<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">283,298<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT SOY OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.80<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-2.60<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.73<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.92<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5,516<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">646.30<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-2.60<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">644.10<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">653.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">656<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">751.10<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-5.05<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">751.10<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">760.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">8,800<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">NYMEX CRUDE<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">65.09<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.43<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">65.06<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">65.96<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">156,338<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices in Malaysian ringgit per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT soy oil in U.S. cents per pound<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Dalian soy oil and RBD palm olein in Chinese yuan per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">India soy oil in Indian rupee per 10 kg<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Crude in U.S. dollars per barrel<span></span></span></p> </td> </tr> </tbody></table> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 3.9720 ringgit)<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 6.3929 Chinese yuan)<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 66.9150 Indian rupees)<span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Mayank Bhardwaj, editing by David Evans)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Euro rallies as ECB moves to discuss ending stimulus - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">06-Jun-2018 08:03:17 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro boosted by upbeat ECB comments<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">ECB to discuss unwinding QE this month<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Speech by Italian PM Conte mixed blessing for euro<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">C$, Mexico peso hit by fears US may abandon NAFTA<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds quote, updates figures<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Tom Finn<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 6 (Reuters) - The euro rose to a 10-day high on Wednesday after officials said the European Central Bank (ECB) could wind down its stimulus programme by end-2018 and that inflation was rising back to its target. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Having revived growth with an unprecedented 2.55 trillion euro ($2.99 trillion) bond purchase scheme, the ECB has been debating whether to end the purchases this year as the threat of deflation has passed and the bloc is on its best growth run in a decade.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Many traders expected the central bank to remain cautious at its June 14 policy meeting given the uncertainty caused by a political crisis in Italy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But ECB chief economist Peter Praet said on Wednesday the central bank would next week debate whether to gradually unwind bond purchases.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Germany's central bank head said market expectations for an end to bond-buying this year were plausible.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The comments pushed the euro up half a percent to a 10-day high of $1.1780 and the currency also hit an eight-day high of $1.1640 versus the safe haven Swiss franc. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">As well as boosting the euro, analysts said the comments would introduce heightened volatility in the options markets over the ECB meeting.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Markets have already factored in a U.S. rate hike; that means the ECB is the most likely trigger for heightened volatility and I'm expecting to see that as we head into the meeting," said Ulrich Leuchtmann, head of FX strategy at Commerzbank.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"What's important isn't if they [the ECB] announce the end of quantitative easing now or in July, but whether this will really constitute the end of unconventional monetary policy and a reason therefore to expect higher interest rates," he said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro has gained about 0.8 percent so far this week after hitting a 10-month low of $1.1510 on May 29.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro's rise put pressure on the U.S. dollar. The index fell 0.3 percent to a 10-day low of 93.604.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The ECB comments followed a speech by Italy's new Prime Minister Giuseppe Conte, whose promise of radical change had a mixed impact on the euro.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While his reassurance that leaving the euro was not on his agenda helped to underpin the common currency, the new government's tax cuts and higher welfare spending plan lifted Italian bond yields, undermining investor confidence.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market will start to focus on the ECB from now on. Politics in Italy and Spain will play second fiddle as we now have new governments in both countries," said Kazushige Kaida, head of foreign exchange at State Street Bank.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Elsewhere the Australian dollar rose sharply after the country's GDP data beat market expectations.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Mexican peso steadied after falling to its weakest since February 2017 late on Tuesday. The United States has raised the possibility of turning negotiations over the North American Free Trade Agreement into bilateral talks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That added fuel to speculation the United States could scrap the North American Free Trade Agreement (NAFTA). <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Canadian dollar recovered half a percent from 2-1/2 month lows on Wednesday after a media report that Treasury Secretary Steven Mnuchin is said to have urged Trump to exempt Canada from tariffs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In emerging markets the Brazilian real fell 1.8 percent to 3.81 per dollar as a poll showed increased polarisation ahead of October presidential elections. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Editing by Peter Graff)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-69583628434489175432018-06-05T22:21:00.001+08:002018-06-05T22:21:53.382+08:0020180605 Soybean Futures Technical View<div dir="ltr"> <div><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaXOfTy62lxoZmhBIEMt7cr7bq9bYPZCUnPkmNXsBxUJDtkvwAYTJ0-h0trOlnbpC88ELxzUAN9d7k49Wuh2-ym5CXozbLeA3RpYn5Z3s4yArmjqmS5QgHNGOqtQALS4mJxnsRkuvd_0w/s1600/image-713384.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaXOfTy62lxoZmhBIEMt7cr7bq9bYPZCUnPkmNXsBxUJDtkvwAYTJ0-h0trOlnbpC88ELxzUAN9d7k49Wuh2-ym5CXozbLeA3RpYn5Z3s4yArmjqmS5QgHNGOqtQALS4mJxnsRkuvd_0w/s320/image-713384.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6563605592205760322" /></a><br></div><br></div><div> <div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">Soybean Technical: </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">Could test further downside if defense near 993 level fail. </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">Else, might rebound.</div> <br></div></div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-23340443238316335872018-06-05T21:43:00.000+08:002018-06-05T21:44:27.328+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set for flat open as trade worries offset tech glow - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">05-Jun-2018 09:13:20 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Twitter jumps on addition to S&P 500 index<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Francesca's Holdings drops after Q1 results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mylan gains as biosimilar gets FDA nod<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, details; Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">June 5 (Reuters) - U.S. stock indexes were on track for a flat open on Tuesday, as a surge in technology stocks, that had pushed Nasdaq to a record close, was offset by trade concerns.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A strong gain in technology stocks on Monday, led by Apple, Microsoft and Amazon, boosted investment sentiment, which had already got a lift from the recent strong jobs data.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, U.S. equity futures gave little indication if the gains would hold. U.S. President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries, White House economic adviser Larry Kudlow said on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market is a little bit on edge when it comes to trade talks," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A relentless rally in stocks last year, that sent the main U.S. indexes to record highs almost every other week, came to a halt in late January on issues ranging from rising interest rates, trade concerns to geopolitical issues.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, strength in the U.S. economy, as shown by the latest jobs report, helped investors shift their focus back to fundamentals.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The carry-over from Friday, with the strong employment report, is a fact that a lot of people have been light on their equity holdings and they're using this report as a reason to get back."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:55 a.m. ET, Dow e-minis were up 1 points, or 0 percent. S&P 500 e-minis were up 0.25 points, or 0.01 percent and Nasdaq 100 e-minis were up 10.5 points, or 0.15 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mexico is set to impose a 20 percent tariff on U.S. pork imports, sources told Reuters, in response to Trump's tariffs on steel and aluminum levied last week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Later this week Canada plays host to the G7 summit with six of the seven members outraged at the United States over a slew of recent moves by Trump.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Twitter gained 4 percent in premarket trading on the social network's inclusion in the benchmark S&P 500 index. Netflix, which is set to join the S&P 100, rose marginally.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Accessories and apparel retailer Francesca's Holdings fell 13 percent after first-quarter revenue came in below analysts' estimates.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Starbucks dropped 1 percent after Executive Chairman Howard Schultz, who built the coffee chain into a global powerhouse, decided to step away.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mylan rose 4.4 percent after U.S. health regulators approved its biosimilar to Amgen Inc's blockbuster drug, Neulasta.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In economic data, ISM's non-manufacturing PMI for May is due at 10:00 am ET. It is expected to have increased to 57.5 from a prior reading of 56.8.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Shounak Dasgupta in Bengaluru)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold holds steady, but upbeat economic outlook a threat - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">05-Jun-2018 08:59:38 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold targets low of $1,281.76/oz -technicals<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium off six week highs hit on Monday<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Recasts, updates prices, adds details)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Maytaal Angel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 5 (Reuters) - Gold prices were little changed on Tuesday as the dollar steadied near a six month high, but upside in the precious metal was firmly capped by bullish global economic fundamentals.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors are awaiting economic data that might confirm the U.S. economy is on track for a strong quarter, with rising bond yields also supporting the greenback and making dollar priced gold costlier for non-U.S. investors. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for August delivery were flat at $1,297 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Prices have been dropping since May in anticipation of a Fed rate hike. There's still some strengthening of the dollar to come. Geopolitics is on the backburner," said Bernard Dahdah, precious metals analyst at Natixis.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stronger-than-expected U.S. jobs data released on Friday fuelled expectations that the Federal Reserve would raise interest rates at its policy meeting starting on June 12.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Higher interest rates tend to boost the dollar and reduce investor interest in non-yielding bullion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A strong reading on ISM non-manufacturing PMI for May later this session will seal the case for another Fed rate hike, following up on a rate hike in March and might even prompt the central bank to strike a hawkish stance.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There is lack of interest in gold. It is more interesting for equities and people are making profit there, so nobody wants to trade in gold for the time being," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street's flagship S&P 500 index. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising equity markets tend to signal strong investor risk appetite, weighing on gold, seen as a safe haven asset.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold is still targeting the May 21 low of $1,281.76 per ounce, as its bounce from this level has completed, according to Reuters technical analyst Wang Tao. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious markets, silver rose 0.3 percent to $16.42 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum fell 0.7 percent to $894.20 an ounce. It earlier hit a low of $888, the lowest since May 21.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium was 0.6 percent lower at $988.80 per ounce after hitting a six-week high of $1,010.50 the previous session.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues and Swati Verma in Bengaluru <br> Editing by Alexandra Hudson and Alexander Smith) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 7-9 cents, corn up 2-3, soybeans up 1-2 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">05-Jun-2018 09:22:49 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, June 5 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NOTE: Mexico responded in kind to U.S. President Donald Trump's metals tariffs by imposing its own duties on American steel, while also targeting politically sensitive agricultural products from pork to bourbon.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 7 to 9 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Higher on a technical bounce following Monday's 3.4 percent slide in the CBOT July contract. Worries about poor yield prospects in the Black Sea region and Australia add support.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rally limited by seasonal pressure from the start of the U.S. winter wheat harvest. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture late Monday said the U.S. winter wheat harvest was 5 percent complete. The USDA also rated 37 percent of the U.S. winter wheat crop in good to excellent condition, down from 38 percent the previous week.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA rated 70 percent of the U.S. spring wheat crop as good to excellent, near the average analyst expectation of 71 percent.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 9 cents at $5.14-1/4 per bushel. K.C. July hard red winter wheat last traded up 9-3/4 cents at $5.31-1/4 and MGEX July spring wheat was up 7 cents at $6.00-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 2 to 3 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn heading higher in a technical bounce after the July contract hit a two-month low at $3.80 in early moves. Upside momentum capped by mostly favorable U.S. weather and strong crop condition ratings. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders eyeing chart support at the July contract's 200-day moving average at $3.82.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday rated 78 percent of the corn as good to excellent, down from 79 percent a week earlier but still among the highest U.S. corn ratings for this time of year in records dating to the 1980s.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded up 3 cents at $3.83-3/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 1 to 2 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans higher in a technical bounce after the CBOT July contract set a two-week low below $10 in early moves. Rally capped by favorable U.S. growing conditions and uncertainty about U.S. trade tensions with China, the world's top soy importer.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday rated 75 percent of the U.S. soybean crop as good to excellent, above an average of analyst expectations of 74 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">India is considering raising import tax on some edible oils, government sources said.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 2 cents at $10.03-3/4 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm hits near 1-month low on weak exports - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">05-Jun-2018 07:07:10 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's June exports could be lower than May<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm trims losses on report India will hike import duty on soft oils<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm falls 4.7 pct in 2018 after shedding 20 pct last year<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Rajendra Jadhav<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">MUMBAI, June 5 (Reuters) - Malaysian palm oil futures extended declines on Tuesday to hit their lowest in nearly a month, weighed down by lacklustre export demand, but they trimmed losses in the second half of the trading session on reports India will raise an import tax on soft oils.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.37 percent at 2,400 ringgit ($604.53) a tonne by the close. Earlier in the session, the contract hit 2,382 ringgit, its lowest since May 8.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 33,099 lots of 25 tonnes.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Ramadan buying has fizzled out. Fresh export orders are not coming in at the expected pace," a Kuala Lumpur-based palm trader said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Buyers typically stock up on palm oil a month before Ramadan, which began in mid-May this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's palm oil exports in May dropped 8.8 percent from April to around 1.2 million tonnes, independent inspection company AmSpec Agri Malaysia said last week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Cargo surveyor Societe Generale de Surveillance (SGS) said the country's May palm oil exports fell 9.9 percent from a month ago.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In Indonesia, the world's top palm oil exporter, shipments of palm and palm kernel oils plunged 13.6 percent in April, data from the Indonesia Palm Oil Association showed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If the current trend continues, then Malaysia's June export numbers could be lower than May," another Kuala Lumpur-based palm trader said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The market pared losses later in the session on reports India could raise an import duty on soft oils like soyoil, making palm competitive, the dealer said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Indian farm secretary said an import duty on soft oils could be raised in a week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In related vegetable oils, the Chicago July soybean oil contract was down 0.2 percent, while September soybean oil on China's Dalian Commodity Exchange dropped up to 1.25 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils as they compete for a share in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil may break a support at 2,408 ringgit per tonne and fall to the next support at 2,364 ringgit, as suggested by a retracement analysis, said Wang Tao, a Reuters market analyst for commodities and energy technicals.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil inventories in Malaysia, the world's second-largest producer, are expected to slip to an eight-month low in May, weighed down by a decline in production, according to a Reuters poll. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td colspan="7" style="border:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm, soy and crude oil prices at 1100 GMT<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Contract<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Month<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Last<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Change<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Low<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">High<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Volume<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2404<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-9.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2384<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2407<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">373<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2399<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-7.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2379<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2406<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,186<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">AUG8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2400<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-7.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2382<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2410<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">14,060<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA PALM OLEIN<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5022<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-100.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">4992<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5092<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">410,950<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5832<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-74.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5754<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5888<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">693,504<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT SOY OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.86<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5.40<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.71<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.97<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7,285<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">646.60<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5.40<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">636.40<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">649.80<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,614<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">755.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">4.55<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">746.10<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">759.95<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">17,430<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">NYMEX CRUDE<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">64.52<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.23<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">64.43<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">65.29<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">154,338<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices in Malaysian ringgit per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT soy oil in U.S. cents per pound<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Dalian soy oil and RBD palm olein in Chinese yuan per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">India soy oil in Indian rupee per 10 kg<span></span></span></p> </td> </tr> <tr> <td colspan="7" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Crude in U.S. dollars per barrel<span></span></span></p> </td> </tr> </tbody></table> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 3.9700 ringgit)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 6.4108 Chinese yuan)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 67.2000 Indian rupees)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Rajendra Jadhav, Editing by Sherry Jacob-Phillips and Jane Merriman)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">U.S. asks some OPEC producers to pump more oil, no specific figure – sources - Reuters <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">05-Jun-2018 09:13:56 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">DUBAI/LONDON, June 5 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The United States has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, three OPEC and industry sources said on Tuesday, although it has not requested a specific figure.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Earlier on Tuesday, Bloomberg reported that the U.S. government had asked them to increase oil production by about 1 million barrels a day (bpd).<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Rania El Gamal and Alex Lawler; editing by Louise Heavens)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 4-Oil nears one-month low on report U.S. asked OPEC to raise supply - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">05-Jun-2018 07:01:07 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Market focuses on oil supplies, OPEC meeting on June 22<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. asked OPEC for 1 mln bpd output hike - Bloomberg<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates throughout<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Amanda Cooper<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 5 (Reuters) - Brent crude futures hit their lowest in close to a month on Tuesday following a report that the U.S. government had asked Saudi Arabia and other major exporters to increase oil output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">International benchmark Brent was down $1.09 by 1040 GMT at $74.20 a barrel, its lowest since May 8. U.S. West Texas Intermediate crude fell 21 cents to $64.54. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. government has asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels per day (bpd), Bloomberg reported on Tuesday, citing people familiar with the matter.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The request comes after U.S. retail gasoline prices surged to their highest in more than three years and President Donald Trump publicly complained about OPEC policy and rising oil prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">It also follows Washington's decision to reimpose sanctions on Iran's crude exports that had previously displaced about 1 million bpd from global markets, the report said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"With the midterm elections coming up, obviously he wants lower gasoline prices, but at the same time, he's alienating himself from the rest of the world ... so is anybody, apart from Saudi Arabia, maybe going to listen, or comply or cooperate?" PVM Oil Associates strategist Tamas Varga said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"This seems to be an intervention in OPEC's supply policy ...(the U.S.) walks away from the Iran (nuclear) deal, which pushes up oil prices and less than a month later, demands producers raise production ... this story is Trump-esque." <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Organization of the Petroleum Exporting Countries meets in Vienna on June 22 to decide whether the group and non-OPEC producers, including Russia, should raise output to make up for any supply shortfall from Iran and Venezuela. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi Arabia and Russia were already discussing raising OPEC and non-OPEC oil output by around 1 million bpd, sources familiar with the matter said on May 25.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global oil supply has tightened with the OPEC-led production cuts that began in early 2017. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"(The output decision) is going to be the main event of the month and the main input for the second half of the year, so any change in OPEC policy is a big event," Petromatrix strategist Olivier Jakob said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Fund managers this year racked up a record bet on a continued rise in oil prices, but the sustained increase in U.S. shale production and now the prospect of higher OPEC supply have prompted many investors to pare those positions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Chung in SEOUL and Roslan Khasawneh in SINGAPORE; Editing by Dale Hudson)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Dollar heads towards 6-month highs as trade war fears rise - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">05-Jun-2018 08:19:34 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Strong ISM data would seal case for a U.S. rate hike next week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mexican peso leads losers on trade war concerns<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Saikat Chatterjee<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 5 (Reuters) - The dollar on Tuesday edged towards a six-month high hit last week as the latest bout in a trade war between the U.S. and its commercial partners prompted selling in emerging market curencies, but gains were capped before a summit this weekend.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Markets were also awaiting data that might confirm the U.S. economy is on track for a strong June quarter, lifting Treasury yields as well as giving the dollar an additional boost.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I am surprised the latest round of trade tariffs hasn't fuelled a bigger drop in other currencies as this basically signals inflationary pressures will rise in the U.S. and prompt the Fed to raise interest rates more," Commerzbank FX strategist Esther Maria Reichelt said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Against a basket of currencies, the dollar climbed 0.1 percent at 94.13. It hit 95.02 last week, its highest since early November 2017, and has risen more than 5 percent since mid-April.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Mexican peso and the Canadian dollar led losers against the dollar as trade war concerns rose.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mexico said it will impose a 20-percent tariff on U.S. pork imports after U.S. President Donald Trump slapped tariffs on steel and aluminium. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The tariff was in response to the Trump administration's decision last week to impose steel and aluminum tariffs on Mexican exporters on grounds that countries including Mexico engage in competition damaging to U.S. national security.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. decision to go ahead with the steel and aluminum tariffs has complicated talks with Mexico and Canada to rework the North America Free Trade Agreement (NAFTA). I<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">ING strategists said in a note the latest moves by Mexico might prompt Trump to pull out of NAFTA altogether. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With correlations between short-dated U.S. bond yields and the dollar strengthening to their strongest since January 2017, investors have responded by buying the greenback in recent days, especially against the euro and emerging market currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Short-dated U.S. Treasury yields are up by about 20 basis points (bps) in a week, pushing two-year government yields to 2.50 percent and within a whisker of a decade high of the 2.59 percent hit last month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The dollar is perched around some important levels and its strength can be judged from the fact that the euro/dollar has failed to break above the $1.17 line despite falling Italian political concerns," Societe Generale strategist Kenneth Broux said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><br> EURO ZONE CONCERNS<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar's strength was also helped by the euro's lingering weakness with latest headlines offering little evidence that Italy would stick to a path of fiscal restraint.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Bond yields rose on Tuesday, after new Italian Prime Minister Guiseppe Conte promised to bring radical change as he sought parliamentary backing for an anti-establishment government. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro was broadly flat at $1.16930. Since hitting a 10-month low of $1.1510 a week ago, it has recovered somewhat as investors took comfort from the formation of a coalition government in Rome.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, market moves were muted before a Group of Seven summit starting on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The June 8 to June 9 meeting in Canada will begin with a working session on economic growth and trade - topical issues after Trump's imposing the steel and aluminium tariffs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Strong U.S. employment data published on Friday has revived bets that the Federal Reserve will raise interest rates three more times this year. Market expectations are for two further rate hikes before until December.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A strong reading on ISM non-manufacturing PMI for May later in the day might seal the case for another rate hike at its policy meeting next week, following up on a rate hike in March and might even prompt the Fed to take a hawkish stance.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The U.S. jobs data was really strong. The Fed could indicate it will raise rates four times this year, including an expected hike in June and one in March," Daiwa senior currency strategist Yukio Ishizuki said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Saikat Chatterjee; Additional reporting by Hideyuki Sano in TOKYO<br> Editing by Louise Ireland)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-43850115061292195502018-06-01T22:07:00.000+08:002018-06-01T22:08:13.313+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set to open higher after strong jobs data - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 09:16:24 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. economy adds 223,000 jobs in May vs est. 188,000<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Unemployment rate falls to 3.8 pct<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Costco down after results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures up: Dow 0.66 pct, S&P 0.55 pct, Nasdaq 0.47 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, details; updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">June 1 (Reuters) - Wall Street was set to open higher on Friday as Italy's political crisis subsided, while investors assessed a stronger-than-expected U.S. jobs report.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Nonfarm payrolls increased by 223,000 jobs in May, the Labor Department said, while the average hourly earnings rose 0.3 percent after edging up 0.1 percent in April. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Economists polled by Reuters had forecast jobs increasing by 188,000 jobs and a 0.2 percent rise in wages.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The numbers cemented expectations that the Federal Reserve will raise interest rates in June, as the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. equity futures pulled back slightly before rising higher, with shares of big U.S. banks gaining between 1.2 percent and 1.6 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The really good news for markets is the average hourly earnings continues to be very steady and does not signal a buildup in inflationary pressures, so overall a very solid report," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Markets got a reprieve overnight as Italy's anti-establishment parties revived coalition plans, removing the risk of a repeat vote dominated by debate over the country's future in the euro zone. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, investors are keeping an eye out on developments around trade after Washington on Thursday imposed steel and aluminum tariffs on Canada, Mexico and EU. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Canada and Mexico hit back on Thursday with duties on U.S. goods ranging from orange juice to pork and the European Union was looking to tax bourbon whiskey and Harley motorcycles after on the countries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:57 a.m. ET, Dow e-minis were up 161 points, or 0.66 percent. S&P 500 e-minis were up 15 points, or 0.55 percent and Nasdaq 100 e-minis were up 33 points, or 0.47 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among stocks, warehouse club operator Costco fell 1.9 percent in premarket trade as higher freight costs dented its quarterly gross margins.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold slips after upbeat U.S. payrolls data - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 09:27:13 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. economy adds 223k jobs in May, beating forecasts<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar jumps as data shores up U.S. rate hike view<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Releads, updates prices, adds comment)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Jan Harvey<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 1 (Reuters) - Gold fell on Friday after stronger than forecast U.S. payrolls data boosted expectations that the Federal Reserve will press ahead with another U.S. interest rate hike this month, lifting the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The metal is highly sensitive to rising rates, which increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 0.3 percent at $1,294.06 an ounce by 1322 GMT, having earlier edged just above $1,300 an ounce. U.S. gold futures for August delivery were down 0.4 percent at $1,298.90 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar rose against the euro and Treasury yields hit session highs after the payrolls report showed the U.S. economy added 223,000 jobs last month, well ahead of expectations for 188,000 jobs. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The stronger dollar is not playing in favour of higher gold prices, Capital Economics analyst Simona Gambarini said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There is not much interest at the moment in getting into the gold market, with the Federal Reserve meeting just (a short way) away," she said. "Investors are waiting to see whether the Fed will hike rates again, and what their take on inflation and those risks in Europe and with trade will be."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While the euro failed to sustain gains it made earlier against the dollar after the apparent end of a political crisis in Italy that had rattled markets this week, world stocks stayed in the black as investors welcomed the Italian deal. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, investors remain concerned over a trade stand-off between the United States and its trading partners, which deepened on Thursday after the U.S. went ahead with tariffs on aluminium and steel imports from Canada, Mexico and the European Union, ending a two-month exemption.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While a worsening global trade situation could benefit gold if it curbs appetite for assets seen as higher risk, it is not yet offsetting the negative impact of an expected increase in rates, and the effects of that on the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"While geopolitics are dominating the headlines, neither renewed trade tensions nor the crisis in Italy ignited safe-haven demand for gold," Julius Baer said in a note on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Prices continue to follow the US dollar, leaving gold in 'currency mode' rather than 'commodity mode'."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares, fell 0.52 percent to 847.03 tonnes on Thursday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other precious metals, silver was up 0.6 percent at $16.45 an ounce, while platinum was 0.6 percent higher at $907.10 an ounce and palladium was up 0.7 percent at $991.60 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues in Bengaluru Editing by Mark Heinrich/David Evans) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat down 5-6 cents, corn up 1-2, soybeans up 3-4 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 09:24:08 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, June 1 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Down 5 to 6 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat lower in rangebound trade as the U.S. hard red winter wheat harvest gets under way in portions of the southern Plains. Recent hot temperatures in that region have hastened crop maturity.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Radar shows rains crossing northern U.S. Plains spring wheat belt, which has been dry.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture reported export sales of U.S. wheat in the latest week at 300,400 tonnes (old and new crop years combined), in line with trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Warm, dry weather in the European Union has boosted wheat crops after a damp, chilly spring, but dryness is now a risk in some zones as wheat enters a key month for determining yields, analysts said. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last down 6-1/4 cents at $5.20 per bushel. K.C. July hard red winter wheat last traded down 5-1/2 cents at $5.37 and MGEX July spring wheat was down 1-3/4 cents at $6.10-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 1 to 2 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn modestly higher on bargain-buying after the CBOT July contract fell to a one-month low this week. The contract stayed inside Thursday's trading range in early moves. Traders monitoring forecasts for warm temperatures in the Midwest next week.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported export sales of U.S. corn in the latest week at 1,142,400 tonnes (old and new crop years combined), in line with trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded up 1 cent at $3.95 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 3 to 4 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans higher after a three-session slide that pushed the July contract to a 1-1/2 week low on Thursday. Rallies capped by jitters about U.S. trade relations with China, the world's biggest soy buyer, as U.S. Commerce Secretary Wilbur Ross heads to Beijing for weekend trade talks.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported export sales of U.S. soybeans in the latest week at 1,045,000 tonnes (old and new crop years combined), in line with trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported weekly soymeal export sales at 143,000 tonnes (old and new crop years combined), in line with trade expectations, and soyoil sales at 6,000 tonnes (all 2017/18), below trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 4-1/4 cents at $10.22-3/4 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm rises anticipating lower output growth, gains in soyoil - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 06:31:43 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysian output seen rising marginally in May-traders<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Weak exports in May caps upside in palm prices<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm stockpiles expected to rise in Indonesia, Malaysia<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Rajendra Jadhav<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">MUMBAI, June 1 (Reuters) - Malaysian palm oil futures rose on Friday tracking rival soyoil and on expectations of a marginal rise in the country's palm oil output, although a fall in exports in May capped the gains.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.41 percent at 2,439 ringgit ($613.28)a tonne by the close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 26,414 lots of 25 tonnes each at the break.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market rose anticipating lower production growth in Malaysia," a Kuala Lumpur-based palm trader said, adding this is offsetting the impact of lower palm oil exports in May.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's palm oil exports in May fell 8.8 percent from April to around 1.2 million tonnes, independent inspection company AmSpec Agri Malaysia said on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, cargo surveyor Societe Generale de Surveillance (SGS) said the country's May palm oil exports fell 9.9 percent from a month ago.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In Indonesia, the world's top palm oil exporter, shipments of palm and palm kernel oils fell 13.6 percent in April, data from the Indonesia Palm Oil Association showed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The stockpiles in producing countries are likely to expand significantly due to subdued exports, said another Kuala Lumpur-based palm oil trader.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In related vegetable oils, the Chicago July soybean oil contract traded 0.58 percent higher, while the December soybean oil on China's Dalian Commodity Exchange nudged up 0.28 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils as they compete for a share in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td colspan="8" style="border:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm, soy and crude oil prices at 1029 GMT<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Contract<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Month<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Last<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Change<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Low<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">High<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Volume<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2442<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">15.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2415<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2446<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">480<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2436<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">9.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2413<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2447<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2,493<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">AUG8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2439<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">10.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2410<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2450<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">15,151<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA PALM OLEIN<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5098<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-10.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5076<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5112<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">241,826<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5862<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">12.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5830<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5882<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">469,634<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT SOY OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.30<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.60<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.14<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.41<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">9,597<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">652.40<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.60<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">647.50<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">653.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,010<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">764.80<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-1.65<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">760.25<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">765.50<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">10,900<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">NYMEX CRUDE<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">66.73<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.31<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">66.69<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">67.34<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">109,151<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"></td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices in Malaysian ringgit per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT soy oil in U.S. cents per pound<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Dalian soy oil and RBD palm olein in Chinese yuan per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">India soy oil in Indian rupee per 10 kg<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Crude in U.S. dollars per barrel<span></span></span></p> </td> </tr> <tr height="0"> <td width="153" style="border:none"></td> <td width="62" style="border:none"></td> <td width="64" style="border:none"></td> <td width="70" style="border:none"></td> <td width="32" style="border:none"></td> <td width="30" style="border:none"></td> <td width="59" style="border:none"></td> <td width="66" style="border:none"></td> </tr> </tbody></table> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 3.9770 ringgit)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Rajendra Jadhav; Editing by Amrutha Gayathri and Sunil Nair)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PREVIEW-Saudi Arabia may raise Asia official oil prices in July for a second month - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 03:28:03 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Arab Light could rise by as much as 40 cts/bbl - survey<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stronger fuel oil margins support heavier grades<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Florence Tan<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, June 1 (Reuters) - Top oil exporter Saudi Arabia may raise the official selling prices (OSP) for most of the crude grades it sells to Asia in July for a second month, possibly raising flagship Arab Light to its highest since February 2014, trade sources said on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The OSP hike follows signs of increased demand for Middle East crude oil as refiners gear up for the peak summer oil consumption period and increased buying by Royal Dutch Shell during the price assessment window operated by S&P Global Platts last month. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The premium between first- and third-month cash Dubai benchmark prices widened by 40 cents a barrel during May from April. This backwardation, or when prompt prices for a commodity are higher than those in future months, indicates rising demand for prompt supplies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dubai's strength may mean Arab Light's OSP for July could rise by as much as 40 cents a barrel to as much as $2.30 a barrel above the average Oman and Dubai quotes published by Platts, from $1.90 in June, according to a Reuters survey of five refiners and traders.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That would be the highest Arab Light OSP since February 2014 when it was set at $2.45 a barrel, Reuters data showed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Still, four of the five respondents are hopeful the July price hike will be smaller than 40 cents because of lower jet fuel margins and as a big price hike would make Arab Light uncompetitive against Middle East and Russian grades of similar quality. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I recommend Saudi to keep the Arab Light price the same because they (unexpectedly) raised the price in May," a crude buyer at a North Asian refiner said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Asian refiners are also buying record volumes of U.S. crude for arrival in the third quarter to replace Middle East, Russian and African oil after U.S. benchmark grade West Texas Intermediate fell to the widest discount against Brent since early 2015. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In contrast, higher fuel oil margins last month and falling Venezuelan production are supporting higher OSPs for heavier grades. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The July OSP for Arab Heavy crude could rise by between 40 cents to 50 cents a barrel, narrowing the price spread between light and heavy grades, the respondents said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting more than 12 million barrels per day (bpd) of crude bound for Asia.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">State oil giant Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month, based on yields and product prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi Aramco officials as a matter of policy do not comment on the kingdom's monthly OSPs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Below are expected Saudi prices for July (in $/bbl against the Oman/Dubai average):<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:"Courier New""><span> </span>JUNE<span> </span>Change<span> </span>est.JULY OSP<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:"Courier New""><span> </span>Arab Extra Light<span> </span>+3.25<span> </span>-0.05/+0.15<span> </span>+3.20/+3.40<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:"Courier New""><span> </span>Arab Light<span> </span>+1.90<span> </span>+0.00/+0.40<span> </span>+1.90/+2.30<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:"Courier New""><span> </span>Arab Medium<span> </span>-0.05<span> </span>+0.30/+0.50<span> </span>+0.25/+0.45<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:"Courier New""><span> </span>Arab Heavy<span> </span>-1.35<span> </span>+0.40/+0.50<span> </span>-0.95/-0.85<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:"Courier New""><span> </span>Source: Reuters, trade<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Florence Tan; Editing by Christian Schmollinger) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 6-Brent premium over WTI hits new three-year high - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 08:33:53 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Record U.S. production drives WTI down for second week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Market awaiting OPEC meeting on June 22<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Widening WTI-Brent spread lifts demand for U.S. supplies<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Shadia Nasralla<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 1 (Reuters) - The spread between Brent crude oil futures contracts and U.S. WTI hit a fresh three-year high on Friday with the latter set for a second consecutive week of declines as U.S. oil output comes close to matching that of top producer Russia. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The premium doubled in about a month as a lack of pipeline capacity in the United States traps much of the output inland.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The spread between the two benchmarks, which climbed above $11 a barrel, had narrowed slightly by 1220 GMT to about $10.95 as Brent erased some of its earlier gains. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude production has been rising to record levels since late last year. In March, it jumped 215,000 barrels per day (bpd) to 10.47 million bpd, a new monthly record, the Energy Information Administration said on Thursday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The move on that spread is difficult to anticipate as it does not necessarily react to news, headlines," Petromatrix said in a note. "One can be long or short on either of the benchmark and be stopped-out by the volatility of the Brent-WTI."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WTI fell 86 cents to stand at $66.18 a barrel. For the week, WTI was on track for a 2.5 percent fall, adding to last week's near 5 percent decline and shrugging off a 3.6-million-barrel drop in U.S. crude stockpiles last week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global benchmark Brent initially stayed within Thursday's range but then fell 69 cents to $76.87 per barrel. It was still set to rise 0.5 percent for the week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sources told Reuters last week that Saudi Arabia, the effective leader of OPEC, and Russia were discussing boosting output by about 1 million bpd to compensate for losses in supply from Venezuela and to address concerns about the impact of U.S. sanctions on Iranian output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">This pushed Brent to a three-week low below $75 a barrel on Monday. Brent recovered some ground, however, when a Gulf source flagged that any rise in production would be gradual. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Russia would be able to raise its oil output within months to levels last seen before a global production-cutting deal took effect if there is a decision to unwind the pact, a Russian Energy Ministry official said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Roslan Khasawneh and Naveen Thukral<br> Editing by Louise Ireland and Edmund Blair)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Euro snaps 6-week losing streak as Italy concerns wane; data eyed - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 06:37:48 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italian bond yields drop on revived coalition deal<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Data dump including payrolls to keep dollar gains capped<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Saikat Chatterjee<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, June 1 (Reuters) - The euro edged higher on Friday and looked set to break a six-week losing streak, supported by a drop in Italian bond yields after a revived coalition deal between two anti-establishment parties pulled the country back from snap elections.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With worries that political turmoil in Italy would roil markets receding, investors have - after strong inflation data this week - shifted their focus back to predicting when will the European Central Bank raise interest rates. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Annual inflation in the 19 countries sharing the euro rose to 1.9 percent in May from 1.2 percent in April, well above expectations for a 1.6 percent increase. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"After the rollercoaster ride in the euro this week, markets are back to focusing on fundamentals and the inflation data will give food for thought to those who are betting on a sustained euro decline," said Marc Ostwald, global strategist at ADM Investor Services International based in London.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On Friday, the single currency edged 0.2 percent higher to $1.1710. On a weekly basis, it is set to climb 0.5 percent, breaking six-week losing streak. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro plunged earlier in the week and Italian bond yields soared, with 2-year yields posting their biggest one-day jump in 26 years on Tuesday, on fears that fresh elections in the euro zone's third biggest economy could strengthen the hand of the anti-establishment parties there.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But the past two days have seen some stability with the euro recouping losses thanks in part to renewed efforts to form a government.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A new government in Spain, with the leader of the Spanish Socialist party Pedro Sanchez becoming prime minister, was greeted with relative calm in currency and bond markets. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><br> CAUTIOUS <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors were also getting more cautious about the dollar's recent move higher -- it hit a 6-1/2 month high against a basket of its rivals earlier this week -- on trade war fears and rising concerns the U.S. economic momentum may soften. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"At these levels, I think the dollar is nearly priced to perfection and we think the euro should see a rebound from later this year," said Paul Baird, head of fixed income at Newton Asset Management, a subsidiary of BNY Mellon which manages $49.8 billion in assets globally.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar was broadly flat at 93.92 against its basket after posting its biggest monthly rise since November 2016 in May.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">It chalked up some against the yen, rallying nearly half a percent to 109.27 yen, its biggest daily rise in two weeks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Risk appetite was muted after the Trump administration slapped tariffs on steel and aluminium imports from the EU, Mexico and Canada, raising risks of a full-blown trade war.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Canada and Mexico retaliated against the United States decision while the European Union had its own reprisals ready to go.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Canadian dollar stood at C$1.2940 to the U.S. dollar, after falling 0.65 percent the previous day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Mexican peso hit a 15-month low of 20.050 to the dollar on Thursday and last stood at 19.85 per dollar. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A heavy slate of data on Friday is also expected to keep investors on the sidelines. The US jobs report for May is expected to show almost 190,000 jobs added, keeping the Fed on track to raise rates later this month. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Saikat Chatterjee; Additional reporting by Hideyuki Sano in TOKYO; Editing by Peter Graff and John Stonestreet)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">GLOBAL LNG-LNG prices climb to highest since February on limited supply - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">01-Jun-2018 06:03:21 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LNG prices seasonally highest since 2014<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Continued demand from China is supporting price<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Maintenance in August could further support<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Jessica Jaganathan<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SINGAPORE, June 1 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose this week to their highest since February as buying interest from China remained firm and as supply is expected to be limited during maintenance in August.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot prices for July delivery in Asia were at $9.60 per million British thermal units (Btu) this week, gaining 40 cents from the previous week and are at the highest for this time of the year since 2014. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Higher oil prices had been deterring some buyers from snapping up cargoes in the spot market in recent weeks but some of them may now need to cover their requirements promptly, two trade sources said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Some traders are caught short in July," one of the sources, based in Singapore, said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While some companies are offering cargoes through private negotiations, supply of the super-chilled fuel is expected to be limited in August amid maintenance at Sakhalin Energy's offshore gas platforms in Russia and at the Angola LNG project. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Indian buyers may be reluctant to buy spot cargoes at higher prices and could turn to using coal instead, a source familiar with the market said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Demand from China remained firm with some willing to pay $9.70 to $9.80 per million Btu, a trader said. But details of the buyers' purchase, if any, were not immediately clear.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">South Koreans are also expected to step up their purchases to meet summer demand, two traders familiar with that market said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Still, some spot supply from Russia and Argentina could keep prices in check, they added. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Russia's Novatek has offered a cargo in the spot market at prices above the Platts Japan Korea Marker (JKM) price, a trader said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Argentina's Enarsa has offered eight cargoes for August and September and September in a tender that closes on June 12, while Angola LNG has offered a cargo for loading in mid-June, traders said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Japan's Inpex Corp said this week that it expects to start gas production from the wellhead for the Ichthys LNG project in Australia within a week or two following the final safety checks. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The company said first shipments of liquefied petroleum gas (LPG), condensate, an ultra-light form of crude oil, and LNG would begin by the end of September. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Jessica Jaganathan in SINGAPORE; Editing by Christian Schmollinger)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-15977462572071448472018-05-31T21:46:00.000+08:002018-05-31T21:47:26.573+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">STOCKS-Wall St set to open flat as trade concerns temper Italy optimism - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">31-May-2018 09:12:47 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">April core PCE up 0.2 pct; Consumer spending up 0.6 pct<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sears, Dollar Tree, Dollar General slump after results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SoftBank to invest in GM's autonomous vehicle unit<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures up: Dow 6 pts, S&P 1 pt, Nasdaq 7 pts <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 31 (Reuters) - Wall Street was set to open flat on Thursday as optimism over renewed efforts in Italy to form a government were countered by worries of a looming trade war with the European Union. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington is set to announce plans to slap tariffs on EU steel and aluminum imports as early as Thursday morning, sources said, while the U.S. commerce secretary said any escalation of their trade dispute would depend on the bloc's reaction. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Steel Dynamics, AK Steel and US Steel gained between 3.3 percent and 4.4 percent and aluminum maker Alcoa rose 2.3 percent in premarket trading.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Another big gainer was General Motors, which surged 11.3 percent after Japan's SoftBank Group decided to invest $2.25 billion in its autonomous vehicle unit. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Friction between the United States and its trading partners have roiled financial markets, especially after U.S. President Donald Trump in March decided to impose 25 percent tariff on steel imports and a 10 percent tariff on aluminum.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If it (tariffs) happens, eventually that could be a problem because we have to see retaliation. For now, it's already in the markets," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Basically there is a sense of relief that Italian situation is not going to lead to a major euro crisis."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Markets rebounded on Wednesday, with the S&P 500 recovering its losses from the previous session, helped by renewed efforts to form a government and avoid new elections.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:56 a.m. ET, Dow e-minis were up 6 points, or 0.02 percent. S&P 500 e-minis were up 1 points, or 0.04 percent and Nasdaq 100 e-minis were up 7 points, or 0.1 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Data showed that U.S. consumer spending jumped 0.6 percent in April, the biggest gain in five months and above Reuters' estimate of 0.4 percent rise, in the latest sign that economic growth was regaining momentum early in the second quarter. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Personal consumption expenditures (PCE), the Federal Reserve's favored measure of inflation which excludes the volatile food and energy components, rose 0.2 percent in April.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That left the year-on-year increase in the so-called core PCE price index at 1.8 percent, below the central bank's 2 percent target.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other stocks, Micron slipped 2.9 percent after Morgan Stanley downgraded the stock to "equal-weight".<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Struggling department store operator Sears Holdings slid 7.2 percent after its quarterly profit slumped nearly 30 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar General declined about 7 percent and Dollar General dropped 8.3 percent after both discount retailers missed Wall Street estimates for their quarterly same-store sales. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)</span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold gains on weaker dollar, capped by fading Italy tensions - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">31-May-2018 07:59:46 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold headed for second straight monthly decline<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Silver, platinum, palladium set for monthly gains<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Maytaal Angel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 31 (Reuters) - Gold prices edged up on Thursday as a dollar rally came off the boil, though upside momentum in the precious metal, seen as a safe haven asset, was capped by an easing of political tensions in Italy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italy's two anti-establishment parties have renewed attempts to form a government and avoid snap elections that investors fear would serve as a quasi-referendum on Rome's membership of the euro zone.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italian bonds and European equities posted a second day of gains, while the dollar fell for a second day versus the euro, making dollar priced gold cheaper for non-U.S. investors. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro's rise came as two polls in Italy showed 60-72 percent of respondents wanted the country to remain part of the euro zone.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The dollar should remain in the driving seat for gold," said Carsten Menke, analyst at Julius Baer.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We have a euro dollar target of $1.10 in three months' time which should keep a lid on gold, assuming this political uncertainty doesn't escalate into a wider discussion about the existence of the euro zone or the euro."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was up 0.3 percent at $1,305.28 per ounce at 1156 GMT, but was down 0.7 percent for the month, in what could be its second straight monthly decline.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery were 0.3 percent higher at $1,304.80 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Helping gold were escalating trade tensions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington will announce plans to slap tariffs on EU steel and aluminium imports on Thursday, sources said. The EU has said it does not want a trade war but will respond if Washington imposes tariffs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China said on Wednesday it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of the largest gold-backed exchange-traded fund (ETF), New York's SPDR Gold Trust GLD, were unchanged on Wednesday from Tuesday, while the largest silver-backed ETF, New York's iShares Silver Trust SLV, rose 0.65 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot silver rose 0.4 percent to $16.57 an ounce and platinum gained 0.8 percent to $913.20 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Both metals were headed for a monthly rise of about 1 percent, their biggest since January.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium was 0.3 percent higher at $986 an ounce and was headed for its biggest monthly gain since December, climbing over 2 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues in Bengaluru; Editing by Mark Potter) <br> <br> </span><span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Zinc, copper dip as inventories rise; China data lifts others - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">31-May-2018 08:30:00 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Eric Onstad<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 31 (Reuters) - Copper and zinc slipped on Thursday after inventories rose, indicating supplies were healthy, while other metals were supported by strong manufacturing data in top metals consumer China.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Zinc inventories in warehouses certified by the London Metal Exchange jumped 7 percent in one day to 245,750 tonnes, the highest since November. They have also surged 84 percent since late February.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There's certainly inventory out there and with a more restrained import appetite into China so far this year, it's not surprising that you've see some metal showing up in LME warehouses," said Nicholas Snowdon, metals analyst at Deutsche Bank in London.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Overall, however, the trends in the zinc market have been quite encouraging in China over the past few weeks, namely stock draws and the import arb opening up," he added. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Other metals gained after data in China showed its vast manufacturing sector grew at the fastest pace in eight months in May, blowing past expectations and easing concerns about an economic slowdown. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The macro and metals data we've seen out of China over the course of May has been on the positive side, providing a clear balance to the negative macro risks that have developed ex-China," Snowdon added. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ZINC: LME benchmark zinc failed to trade in official open outcry activity and was bid down 0.7 percent at $3,107 a tonne, pulling back from a one-month high of $3,189.50 after the LME stocks data was released. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER STOCKS: LME copper on-warrant inventories - those stocks not earmarked for delivery - jumped 19 percent in one day to 226,675 tonnes. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER: LME copper eased 0.1 percent to trade at$6,823 a tonne in official rings, off an intraday peak of $6,895.50. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER SPREADS: LME time spreads in copper had been tightening, with the discount of the cash contract to three-month futures moving to $9.50 a tonne by Wednesday's close from a $34.75 discount on May 21.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The move was a result of investors covering short spread positions, Alastair Munro at broker Marex Spectron said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* NICKEL: LME nickel, the best performing LME metal this year, was bid up 0.5 percent at $15,205 a tonne, the highest since April 19. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The most-traded July nickel contract in Shanghai closed up 2.5 percent at 114,820 yuan ($17,933.62) a tonne, having earlier touched 114,870 yuan, its highest level since May 2015. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Nickel in particular has returned to favour with investors, as the dynamics of weak supply growth amid signs of stronger demand from the (electric vehicle) market has spurred buying," ANZ wrote in a note. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* PRICES: LME aluminium traded up 0.7 percent at $2,285 a tonne in official activity, lead gained 1 percent to trade at $2,458 and tin was bid up 0.6 percent to $20,700. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Additional reporting by Tom Daly in Beijing<br> Editing by Edmund Blair)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm benchmark falls on weak demand outlook - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">31-May-2018 07:26:25 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm down 0.45 percent on weak demand<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's May exports down 8.8 pct - AmSpec<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Fransiska Nangoy<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">JAKARTA, May 31 (Reuters) - Malaysian palm oil benchmark futures fell on Thursday as a weak demand outlook continued to put pressure on prices of the vegetable oil. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.45 percent to 2,429 ringgit ($610.61) a tonne by the close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traded volume stood at 32,308 lots of 25 tonnes each.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The contract erased some of its 0.91 percent gain from a day earlier after it rebounded from a three-week low. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Weakness in demand is putting a lid on the prices," a Kuala Lumpur-based palm trader said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia's palm oil exports in May were lower at around 1.2 million tonnes, down 8.8 percent from April's shipments, independent inspection company AmSpec Agri Malaysia said on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, cargo surveyor Societe Generale de Surveillance (SGS) said the country's May palm oil exports fell 9.9 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sime Darby Plantation Bhd, the world's largest palm oil planter by land holdings, estimated crude palm oil prices to be within a range of 2,400 to 2,500 ringgit per tonne next month. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In Indonesia, the world's top palm oil exporter, shipments of palm and palm kernel oils fell 13.6 percent in April, data from the Indonesia Palm Oil Association showed. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In related vegetable oils, the Chicago July soybean oil contract traded 0.2 percent higher, while the September soybean oil on China's Dalian Commodity Exchange fell 0.3 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils as they compete for a share in the global vegetable oils market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Fransiska Nangoy; Editing by Adrian Croft)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">U.S. Natgas futures rise ahead of weekly storage report - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">31-May-2018 08:32:31 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 31 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. natural gas futures edged higher on Thursday on concerns storage builds in coming weeks will not be big enough to offset the massive storage deficit before next winter.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Analysts said utilities likely added 102 billion cubic feet (bcf) of gas into storage during the week ended May 25, the biggest injection for that week since 2015. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That compares with increases of 80 bcf during the same week last year and a five-year average build of 97 bcf for the period.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">If correct, the latest increase would boost stockpiles to 1.731 trillion cubic feet (tcf), still 22.2 percent below the five-year average of 2.225 tcf for this time of year and the lowest for the week since 2014.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Energy Information Administration will release its weekly storage report at 10:30 a.m. EDT (1430 GMT) on Thursday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Front-month gas futures were up 4.8 cents, or 1.7 percent, at $2.933 per million British thermal units at 8:15 a.m.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">For the month, the front-month was on track to rise about 6 percent, which would be its third monthly gain in a row and its biggest monthly increase since August 2017.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders noted prices were up despite the latest forecasts for less warm weather and lower air-conditioning demand next week than previously forecast.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meteorologists forecast temperatures will remain higher than normal through at least the middle of June, just not as hot as previously forecast.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Thomson Reuters analysts cut their forecast for gas demand in the Lower 48 U.S. states to 72.1 billion cubic feet per day (bcfd) next week from the previous forecast of 73.2 bcfd on Wednesday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That compares with projected usage of 71.5 bcfd this week and 69.5 bcfd last week on expectations LNG exports will start to rise soon.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The amount of gas going to the Sabine Pass and Cove Point LNG export terminals has averaged just 2.8 bcfd since the middle of May because of what traders said were unconfirmed reports of maintenance at Sabine Pass. That was down from a high of around 3.7 bcfd earlier in the month.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Production in the Lower 48 states has averaged a record 79.3 bcfd over the past 30 days. On a daily basis, output increased to an all-time high of 80.1 bcfd on Sunday, according to Thomson Reuters data.<span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Scott DiSavino; Editing by Steve Orlofsky)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">POLL-U.S. Natgas stocks seen rising 102 bcf in week ended May 25 - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">31-May-2018 08:45:00 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-advisory" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Repeats item originally published on May 30 with no change to text<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 30 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. utilities likely injected a higher-than-normal 102 billion cubic feet (bcf) of natural gas into storage during the week ended May 25, amid record production, a poll of analysts showed on Wednesday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That compares with a year-earlier build of 80 bcf and a five-year average build of 97 bcf for the corresponding period. In the week ended May 18, utilities added 91 bcf to storage.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">If correct, this week's build would boost stockpiles to 1.731 trillion cubic feet (tcf), the lowest for the week since 2014. That would be about 31 percent below the level in the same week a year ago and around 22 percent below the five-year average.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Production in the Lower 48 states has averaged a record 79.3 billion cubic feet per day (bcfd) over the past 30 days. On a daily basis, output increased to an all-time high of 80.1 bcfd on Sunday, according to Thomson Reuters data. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Energy Information Administration will release its weekly storage report at 10:30 a.m. EDT (1430 GMT) on Thursday.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The forecast build last week came despite warmer than normal weather that boosted the amount of gas power generators burned to meet higher air conditioning demand.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">There were 49 cooling degree days (CDDs) last week compared with 33 CDDs in the same week a year ago and a 30-year normal of 36 CDDs.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CDDs, which measure the number of degrees a day's average temperature is above 65 degrees Fahrenheit (18 degrees Celsius), are used to estimate demand to cool homes and businesses.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Reuters poll had 19 participants, with estimates ranging from injections of 88 bcf to 107 bcf, and a median build of 102 bcf.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Early estimates for the week ending June 1 ranged from builds of 75 bcf to 97 bcf, with an average forecast for an increase of 83 bcf.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That compared with a build of 103 bcf for the same week last year and a five-year average increase of 104 bcf.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The following is a list of the poll's participants; all figures are in bcf:<span></span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td style="border:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Organization<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Forecasts<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">GMP FirstEnergy<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">107<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Thomson Reuters Supply Chain & Commodities Research (SC&CR)<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">107<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">ARM Energy<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">105<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Interfax Energy's Global Gas Analytics <span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">105<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">PIRA Energy<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">104<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Raymond James<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">103<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Energy Aspects<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">102<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">PointLogic<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">102<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Schneider Electric<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">102<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Tradition Energy<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">102<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Energy Ventures Analysis<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">101<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Macquarie Group<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">101<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Price Futures Group<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">101<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">First Enercast<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">100 <span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">EMI DTN<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">100<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Stephen Smith Energy<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">100<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Citi Futures<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">98<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SMC Report<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">98<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">C H Guernsey<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="center" style="text-align:center;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">88<span></span></span></p> </td> </tr> </tbody></table> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Nithin Prasad in Bengaluru; editing by Scott DiSavino and Chizu Nomiyama)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 4-Brent rallies to trade at largest premium to U.S. crude since 2015 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">31-May-2018 08:37:09 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent rises, WTI falls; spread widens to $10/bbl<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">API crude inventories higher, against expectations <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ahead of June 22 OPEC meeting, market is cautious<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates throughout<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Amanda Cooper<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 31 (Reuters) - Brent crude prices reversed earlier losses to hit their biggest premium against U.S. futures in over three years on Thursday, as the prospect of more inventory increases weighed heavily on West Texas Intermediate prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 1221 GMT, Brent crude futures were up 6 cents at $77.78 a barrel, while U.S. West Texas Intermediate crude slid 68 cents to $67.53 a barrel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That pushed the premium of Brent to WTI beyond $10 a barrel, the largest since March 2015. That spread has doubled in less than a month, as a lack of pipeline capacity in the United States has trapped a lot of output inland.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The Brent/WTI is blowing out. I think there must be what looks like some capitulation going on in the spread between those two contracts," Saxo Bank senior manager Ole Hansen said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The wider premium makes U.S. crude exports more competitive than those linked to the Brent price, such as North Sea or West African grades of oil.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stockpiles rose by 1 million barrels in the week to May 25, according to the American Petroleum Institute (API). Analysts had expected a drop of 525,000 barrels, which dented U.S. futures earlier in the day. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent meanwhile slid to a three-week low below $75 a barrel on Monday after the Organization of the Petroleum Exporting Countries and its non-OPEC allies including Russia indicated they could adjust their deal to curb supplies and increase production.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sources told Reuters that Saudi Arabia, the effective leader of OPEC, and Russia were discussing boosting output by about 1 million barrels per day (bpd) to compensate for losses in supply from Venezuela and to address concerns about the impact of U.S. sanctions on Iranian output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The fact that we saw the Saudi/Russia announcement last week could have attracted some interest in narrowing the spread, given that we were looking for some of the geopolitical risk (in Brent) to be removed, but that's been overtaken by the domestic widening in crude prices in the U.S.," Hansen said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Prices for physical barrels of U.S. light sweet crude delivered at Midland are at their largest discount to the benchmark U.S. futures price in almost four years. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"U.S. shale is alive and well and growing at an annual rate well in excess of 1 million bpd," consultant JBC Energy said in a report. "Growth is expected to remain in place, but widening crude differentials due to infrastructure bottlenecks do actually speak in favour of a slowdown in growth."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC and non-OPEC producers have committed to cut output by 1.8 million bpd until the end of 2018 but will decide at a meeting in late June whether to prolong this.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If this is a real correction, then the price should get down to the low $70s or even the mid-$60s," SEB chief commodities analyst Bjarne Schieldrop said. "The market needs to be cautious ahead of the OPEC meeting."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Roslan Khasawneh in Singapore and Jane Chung in Seoul<br> Editing by Edmund Blair and Susan Fenton)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Soybeans up 3-4 cents, wheat and corn up 2-3 cents - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">31-May-2018 09:27:31 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 31 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NOTE: The U.S. Department of Agriculture's weekly export sales report is delayed until Friday due to Monday's federal holiday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 2 to 3 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat firming in a light recovery bounce after the CBOT July contract dipped to $5.15-1/4 in early moves, its lowest in a week. The U.S. hard red winter wheat harvest is under way in portions of the southern Plains.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ukraine's 2018 winter wheat harvest is likely to fall to 24 million tonnes from 25.4 million tonnes in 2017 due to extremely dry weather this spring, the head of the state weather forecasting department said. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Russia is expected to reduce its 2018 crop of winter wheat and rye by around 10 percent from a year ago due to dry weather, a state weather forecaster Hydrometcentre told Reuters. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 2-1/4 cents at $5.24-1/4 per bushel. K.C. July hard red winter wheat last traded up 2-1/4 cents at $5.43 and MGEX July spring wheat was up 7-1/2 cents at $6.19 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 2 to 3 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn higher in a light recovery bounce a day after the CBOT July contract fell to $3.90-3/4 a bushel, its lowest since April 25, on better-than-expected initial U.S. crop ratings. Traders monitoring forecasts for warm weather in the Midwest next week.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China sold 2.4 million tonnes of corn at auction of state reserves, the National Grain Trade Center said.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The sales volume represents 61.74 percent of total corn available at the auction.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded up 2-3/4 cents at $3.96-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 3 to 4 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans firm in a light rebound after a two-session sell-off tied to worries about U.S. trade relations with China, the world's biggest soy buyer.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Market underpinned by soy logistics issues in Brazil in the wake of a truckers' strike. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 3 cents at $10.26 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-86625346068062957232018-05-30T21:49:00.000+08:002018-05-30T21:50:19.556+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set to recover after selloff driven by Italy turmoil - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">30-May-2018 09:17:16 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italy renews attempt to form a government<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. private employers added less-than-expected jobs in May<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">First qtr GDP growth revised to 2.2 pct from prior 2.3 pct<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">HP Inc, Salesforce.com gain on strong results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures up: Dow 0.51 pct, S&P 0.37 pct, Nasdaq 0.21 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, changes prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 8 (Reuters) - U.S. stocks were set to open higher on Wednesday, indicating a rebound from the steep selloff driven by a political crisis in Italy that had pushed the S&P 500 and the Dow Industrials to their worst day in a month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A renewed attempt to form a coalition government in Rome by the two anti-establishment parties, the 5-Star Movement and League, raised hopes that Europe's third largest economy could avoid a new election. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A surprise breakthrough to form a hung government would ease uncertainty, but still usher in a coalition planning to ramp up spending in the heavily indebted nation and push for changes to European Union and euro-zone fiscal rules.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Equity index futures pared some gains after the second revision to first-quarter GDP data showed U.S. economic growth slowed slightly more than initially thought. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">GDP grew at a 2.2 percent annual rate, the Commerce Department said, instead of the previously reported 2.3 percent pace.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's a rebound from yesterday on hopes that there may be some agreement on forming a government. But these kind of perceptions are going to bounce back and forth," said Scott Brown, chief economist at Raymond James in St. Petersburg.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Markets are a little bit fragile because it's a holiday week. That could lead to some sharp moves either way."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On Tuesday, the S&P 500 and the Dow posted their first 1 percent drop in May as investors scurried for safety assets such as U.S. bonds on fears of political instability in Italy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:58 a.m. ET, Dow e-minis were up 125 points, or 0.51 percent. S&P 500 e-minis were up 10 points, or 0.37 percent and Nasdaq 100 e-minis were up 14.75 points, or 0.21 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">ADP National Employment report showed U.S. private employers added 178,000 private sector jobs in May, below Reuters consensus view of 190,000. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors also kept a wary eye on the developments around tariffs and trade. In an unexpected change in tone, the United States said late on Tuesday it could still impose tariffs on $50 billion of imports from China unless it addressed the issue of theft of American intellectual property.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China said on Wednesday it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of big U.S. banks rose about 1 percent in premarket trading. The Federal Reserve is set to consider a proposal to modify the "Volcker Rule" at 3:00 p.m. ET.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The proposal, which marks another step by Trump administration regulators to ease banking rules, is aimed at preventing lenders from making market bets while accepting taxpayer-insured deposits. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among stocks, cloud-based business software maker Salesforce.com rose 4.9 percent, while computer and printer maker HP Inc jumped 4.2 percent after raising full-year profit forecasts. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Michael Kors slipped 5.0 percent after a disappointing yearly earnings forecast. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 5-Oil rises to $76 as tight current supply in focus - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">30-May-2018 09:22:41 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi, UAE, Kuwait ministers to meet this weekend-source<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC-led output curbs have pushed down inventories<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stocks expected to show fall in weekly reports<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC meets on June 22<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Alex Lawler<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 30 (Reuters) - Oil climbed to $76 a barrel on Wednesday, supported by tight supplies despite expectations OPEC and its allies will pump more in the second half of 2018 and helped by forecasts U.S. inventories fell.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global benchmark Brent crude has dropped more than $4 from a 3 1/2-year high of $80.50 a barrel on May 17, after reports that OPEC and Russia may increase supply at a June meeting, reversing policy after 17 months of supply curbs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent rose 83 cents to $76.22 a barrel by 1315 GMT, after trading as low as $74.81 earlier. U.S. crude was up 40 cents at $67.13.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Fundamentally, not much has changed. Oil remains well supported, although the sweetspot has entered a mature phase," said Konstantinos Venetis, senior economist at TS Lombard.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Some air is fizzling out of the market and position-squaring raises the likelihood of an overshooting to the downside in the run-up to OPEC's June meeting."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Political turmoil in Italy has sent the euro to a 10-month low against the dollar on concern a snap election would lead to a eurosceptic government in Rome. A stronger dollar makes dollar-denominated oil more expensive for holders of other currencies. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A dearth of bullish catalysts will make hard work of any recovery," said Stephen Brennock of oil broker PVM.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Organization of the Petroleum Exporting Countries and non-OPEC producers led by Russia have had a pact to curb output by about 1.8 million barrels per day since January 2017, driving down inventories and pushing up oil prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Amid concerns the price rally has gone too far, Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million bpd, sources told Reuters on May 25. OPEC meets in Vienna on June 22. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Still, some analysts remain cautious as the details have yet to be worked out. Ministers from Saudi Arabia, Kuwait and the United Arab Emirates meet this weekend, a source said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Clarity will likely take some time to emerge," said JBC Energy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Lending some support to prices were expectations that U.S. crude inventories probably fell by 1.8 million barrels last week according to a Reuters poll. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Industry group American Petroleum Institute (API) releases its weekly supply report at 2030 GMT on Wednesday, followed by the official government data on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Roslan Khasawneh and Rania El Gamal<br> Editing by Edmund Blair and Alexandra Hudson)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold holds steady in face of robust dollar due to Italy crisis - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">30-May-2018 07:27:21 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar near 6-1/2 month peak<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italy crisis sparks stock sell-off<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China ready to fight back if U.S. ignites trade war<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Zandi Shabalala<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 30 (Reuters) - Gold prices were steady on Wednesday as concerns about political turmoil in Italy and over a trade conflict between China and the United States outweighed strength in the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italy kept the dollar at 10-month highs versus the euro amid concerns that repeat elections may become a de-facto referendum on Italian membership of the currency bloc. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The turbulence underpinned gold due to its appeal as a store of value during political and financial uncertainty.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index, which measures the greenback against a basket of six major currencies, hovered near its 6-1/2 month peak from the previous session. A stronger dollar makes assets such as gold more expensive for holders of other currencies, curbing demand.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There has been a little bit of support from what has been happening in Italy and the potential implications for the Eurozone from the Italian crisis," Capital Economics commodities economist Simona Gambarini said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"But it doesn't seem like the worries are big enough to warrant an increase in prices," she said, adding that price support was slightly eroded by the potential for an interest rate increase in June by the U.S. Federal Reserve.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. benchmark 10-year Treasury yields on Tuesday registered their largest one-day drop since Brexit nearly two years ago. Higher rates could dent demand for non-interest-paying gold.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was barely changed at $1,297 per ounce by 1120 GMT, while U.S. gold futures for June delivery fell 0.2 percent to $1,297 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China on Wednesday lashed out at Washington's unexpected statement that it still holds the threat of imposing tariffs on $50 billion of Chinese goods, saying Beijing was ready to fight back in any trade war. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But Capital Economics' Gambarini said the potential trade war between China and the United States was mostly priced into gold, which would need an escalation or resolution to become a catalyst to prices again.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.35 percent to 851.45 tonnes on Tuesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, spot silver was steady at $16.40 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum fell 0.3 percent to $901.24 an ounce, while palladium was 0.2-percent higher at $981.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues in Bengaluru Editing by Alexander Smith/David Evans) </span><span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper slips as Italy crisis, U.S.-China trade row feed risk aversion - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">30-May-2018 08:11:17 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with official prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Jan Harvey<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 30 (Reuters) - Copper fell to a three-week low on Wednesday as a retreat in stock markets on worries over political turmoil in Italy kept up pressure on cyclical assets, offsetting a weaker dollar. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Concerns over the prospect of a U.S.-China trade war also simmered, weighing on appetite for stocks and industrial metals.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China warned on Wednesday that it was ready to fight back if Washington was looking for a trade war. That came after the United States, in a change of tone, said it still held the threat of imposing tariffs on $50 billion of imports from China. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Given those pressures, copper is sliding towards the bottom of its recent range, Saxo Bank's head of commodity strategy Ole Hansen said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The U.S.-China trade spat seems to be hotting up again after yesterday's announcement from the White House," he said. "The global growth and demand outlook does not need a new political/financial crisis in Europe and a potential trade war between the world's two biggest economies."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER PRICES: Three-month copper on the London Metal Exchange was down 0.6 percent at $6,815 a tonne in official trading, having earlier touched $6,727, its weakest since May 8.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* FINANCIAL MARKETS: Italy's political crisis and renewed trade war fears sent world stocks lower for the sixth day in a row on Wednesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER INVENTORIES: On-warrant copper stocks in London Metal Exchange warehouses - representing metal not earmarked for delivery - eased to 191,200 tonnes, data showed on Wednesday. That was the lowest level since January. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* INDIA SMELTER: Vedanta Resources is working on a legal challenge to an Indian state's closure of one of its copper smelters but will not proceed until tensions have eased over the deaths of 13 people during protests last week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* TARIFFS: European Union Trade Commissioner Cecilia Malmstrom said she would seek a full exemption from new U.S. steel and aluminium tariffs when she meets her U.S. counterparts on Wednesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ALUMINIUM: LME aluminium was 0.1 percent lower at $2,272 a tonne in official trading.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ZINC STOCKS: On-warrant zinc stocks in LME warehouses eased to 195,225 tonnes, their lowest in a month. The proportion of cancelled warrants - metal earmarked for delivery and therefore not available to the market - rose to nearly 15 percent from 6 percent last week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ZINC SPREADS: Cash zinc held in a 25 cent premium over the three-month contract, versus a discount of $6.50 a tonne a week ago, indicating near-term market tightness. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ZINC PRICES: LME zinc was untraded in official rings, but was last bid up 0.7 percent at $3,110 a tonne.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* OTHER METALS: LME lead was 0.5 percent lower in official trading at $2,433 a tonne, while tin was down 0.1 percent at $20,405. Nickel, also untraded in official rings, was last bid at $14,910, little changed from Tuesday's close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Manolo Serapio Jr. in Manila<br> Editing by David Goodman and Susan Fenton)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm rebounds from three-week low, tracking related oils - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">30-May-2018 07:15:47 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm edged lower for a third straight session<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Weak demand, overnight commodity markets hit sentiment - trader<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates quote, closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Fransiska Nangoy<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">JAKARTA, May 30 (Reuters) - Malaysian palm oil futures closed higher on Wednesday, rebounding from their weakest levels in over three weeks, as they tracked related oil prices in the Chinese market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,440 ringgit ($611.99) per tonne by the end of the session. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Earlier in the day, it hit 2,395 ringgit, its lowest since May 8. The benchmark fell nearly 3 percent in the previous two sessions to Monday. The Malaysian market was closed on Tuesday for a public holiday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trade volume stood at 32,864 lots of 25 tonnes each on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Market was tracking Dalian closely in the afternoon, even when we are hearing that exports may be underperforming," said a palm trader in Kuala Lumpur.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">September soybean oil on China's Dalian Commodity Exchange jumped as much as 3 percent, while the Dalian September palm oil contract closed 0.6 percent higher. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils as they compete for a share in the global vegetable oils market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, shipping surveyors are due to release May export data on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm prices may be "adjusted accordingly" in Thursday's session if the data came in below expectations, the trader said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm, soy and crude oil prices, as of 1105 GMT <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Fransiska Nangoy, Editing by Adrian Croft)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat down 8-10 cents, corn down 2-3, soybeans down 4-6 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">30-May-2018 09:29:22 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 30 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Down 8 to 10 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat lower on technical selling after Tuesday's technical reversal to the downside, improving U.S. winter wheat crop ratings and beneficial rains expected in the northern U.S. Plains and Canada.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture late Tuesday rated 38 percent of the U.S. winter wheat crop in good to excellent condition, up from 36 percent the previous week. Analysts on average had expected no change. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA also said the U.S. spring wheat crop was 91 percent planted, ahead of the five-year average of 89 percent.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last down 8 cents at $5.28-1/2 per bushel. K.C. July hard red winter wheat last traded down 8-3/4 cents at $5.47-3/4 and MGEX July spring wheat was down 4 cents at $6.24 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Down 2 to 3 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn lower on better-than-expected initial U.S. crop condition ratings, favorable U.S. weather forecasts and follow-through selling after Tuesday's technical reversal to the downside.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Tuesday rated 79 percent of the U.S. corn crop as good to excellent, above a range of trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA also said the crop was 92 percent planted, ahead of the five-year average of 90 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded down 2-3/4 cents at $3.97-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Down 4 to 6 cents per bushel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt 36pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans lower on increasing tension over U.S. trade relations with China, the world's biggest soy importer, and technical selling. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Market underpinned by soy logistics problems in Brazil due to a truckers' strike.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Tuesday said the U.S. soybean crop was 77 percent planted, above an average of trade expectations for 73 percent and the five-year average of 62 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last down 5-3/4 cents at $10.24-3/4 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <br> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-78613934471267403452018-05-30T19:52:00.000+08:002018-05-30T19:53:30.873+08:0020180530 Wheat Technical View.<div dir="ltr"> <div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)"><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigEklHnugbox9M8Iq3FDOY7GZT2wXYpLc5HhYh0uWN14HLRisuHK7_o4t3uotMZdx4DBXq_CfsJjhKPWqvNZlOMHGCE3L2yI0FnSObNR3OfhiH6__QRtGDUZzqGyUKGF_VMHoFsgUQXVA/s1600/image-710905.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigEklHnugbox9M8Iq3FDOY7GZT2wXYpLc5HhYh0uWN14HLRisuHK7_o4t3uotMZdx4DBXq_CfsJjhKPWqvNZlOMHGCE3L2yI0FnSObNR3OfhiH6__QRtGDUZzqGyUKGF_VMHoFsgUQXVA/s320/image-710905.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6561340843943701458" /></a><br></div><br></div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)">Wheat Technical:</div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)">Within upswings continues. </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)">Could test support near middle Bollinger band. </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)">Crucial support at 490.</div> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-27014544328728990332018-05-30T19:20:00.000+08:002018-05-30T19:21:33.695+08:0020180530 FKLI Futures Technical View<div dir="ltr"><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvzeHRspyvxRocDQVBSdhu-THapQJ7OFeRHSUO0mGA07oISzHj2K4Xy6uqeDYEPP4uqqR1Ehfa8CjQz0bsBmLRD6xP0iKqunv8uMVLQYB0s_eZ1dcNxacR-l3W-rW6fkRFnNn-QB7h3Uk/s1600/image-793700.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvzeHRspyvxRocDQVBSdhu-THapQJ7OFeRHSUO0mGA07oISzHj2K4Xy6uqeDYEPP4uqqR1Ehfa8CjQz0bsBmLRD6xP0iKqunv8uMVLQYB0s_eZ1dcNxacR-l3W-rW6fkRFnNn-QB7h3Uk/s320/image-793700.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6561332610037888786" /></a><br></div><div><br></div><div> <span style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">FKLI Technical: </span><br style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial"><span style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">Over-killed but today's sell down is a global affair. </span></div><div><span style="font-size:12.8px">Pullback likely.</span></div><div>Trading range capped at 1680 ~1800. </div> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-14668518104902626182018-05-25T20:58:00.000+08:002018-05-25T20:59:12.715+08:0020180525 Crude Oil Futures Technical View<div dir="ltr"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqbh1SMaXfZ-8fTQOPa5m76v4G0dZDTejjaXuZLzA1N0p5U0GhvSUdyZ_lIc2lBuhLF9zyWsutkupp6lr7GXsyGU8usNQKZVjqd-ySXPmdj-DfrnxNQEyVj_S2SMbH-xMryDdSOu1wgZY/s1600/image-752721.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqbh1SMaXfZ-8fTQOPa5m76v4G0dZDTejjaXuZLzA1N0p5U0GhvSUdyZ_lIc2lBuhLF9zyWsutkupp6lr7GXsyGU8usNQKZVjqd-ySXPmdj-DfrnxNQEyVj_S2SMbH-xMryDdSOu1wgZY/s320/image-752721.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6559502346616463874" /></a><br><br> <div> <div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)">Crude Oil Technical: </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)">Finally, a correct ! <br>Support seen near 68.00 to 66.00. </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial;background-color:rgb(255,255,255)"><br></div> <br></div></div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-63409678045781692062018-05-24T21:49:00.000+08:002018-05-24T21:50:15.081+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set to open lower as auto tariff threat weighs - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">24-May-2018 09:16:40 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. launches auto imports probe, adds to trade jitters<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">L Brands, NetApp fall on weak forecasts <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Medtronic, Williams-Sonoma gain after results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures dip: Dow 0.23 pct, S&P 0.16 pct, Nasdaq 0.17 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 24 (Reuters) - U.S. stocks were set to open lower on Thursday as rising concerns over U.S. trade protectionism, this time around car imports, overshadowed optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Trump administration launched a national security probe into car and truck imports on Wednesday that could lead to new tariffs, with Beijing calling the move an "abuse" of the clauses and saying it would defend its interests. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The decision added to jitters over the prospects of trade negotiations with China, reignited after Trump called for "a different structure" to any trade deal.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of European and Asian automakers skidded on the tariff possibility, while U.S. automakers inched marginally higher premarket.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ford was up 0.2 percent and General Motors gained 0.4 percent. U.S.-listed shares of Fiat fell 2 percent, while those of Ferrari dipped 0.6 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The markets are adjusting now with lots of uncertainties, with China, North Korea, (and the prospect of) a trade war that could spill over to other parts of the economy and the world," said Adam Sarhan, chief executive of 50 Park Investments in New York.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By 8:50 a.m. ET, Dow e-minis were down 56 points, or 0.23 percent. S&P 500 e-minis were down 4.5 points, or 0.16 percent and Nasdaq 100 e-minis were down 11.5 points, or 0.17 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wall Street posted small gains on Wednesday after minutes from the Fed's latest meeting suggested higher inflation may not result in faster interest rate hikes. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Victoria's Secret-owner L Brands fell 6 percent, while those of data storage equipment maker NetApp dropped 4.6 percent following weak forecasts.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Best Buy Co slipped 5.5 percent as investors focused on slowing online sales growth over the better-than-expected quarterly comparable sales. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Williams-Sonoma jumped 11.3 percent after the Pottery Barn owner posted strong quarterly results and gave a healthy forecast.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Medtronic rose 1.5 percent after its quarterly profit topped Wall Street estimates on higher demand for heart valves and diabetes devices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Sriraj Kalluvila)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 5-Oil slips further below $80 a barrel as focus on OPEC intensifies - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">24-May-2018 09:29:19 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude, gasoline inventories rise unexpectedly -EIA<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent-WTI spread near widest in three years<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC set to meet next month to discuss policy<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Amanda Cooper<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 24 (Reuters) - Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC could wind down an output deal that has been in place since the start of 2017 due to concerns about supplies from Venezuela and Iran.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Benchmark Brent futures were down $1.04 at $78.76 a barrel by 1312 GMT, its largest one-day fall since May 8, while U.S. crude futures dropped $1.05 to $70.79 a barrel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"This discussion about possible OPEC supply increases after the June meeting has put a brake on the oil price for the time being, so $80 is a big hurdle to overcome," Commerzbank strategist Carsten Fritsch said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If prices get above there, that will further intensify and increase the likelihood that OPEC will do something .. It's going to be very difficult to overcome this level on a sustainable basis before the OPEC meeting."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Organization of the Petroleum Exporting Countries may decide in June to lift output to make up for reduced supply from Iran and Venezuela and in response to concerns from Washington about a rally in oil prices, OPEC and oil industry sources told Reuters. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Venezuela's output has fallen amid an economic crisis, while Iran's supply is threatened by U.S. sanctions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">These factors have helped push Brent and WTI to multi-year highs, with Brent breaking through an $80 threshold last week for the first time since November 2014.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC and some non-OPEC major oil producers, which are scheduled to meet in Vienna next month, previously agreed to curb their combined output by about 1.8 million barrels per day (bpd) to boost oil prices and clear a supply glut.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global inventories have been broadly falling. But commercial U.S. crude inventories rose by 5.8 million barrels in the week to May 18, beating analyst expectations for a drop of 1.6 million barrels, the Energy Information Administration (EIA) said on Wednesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The premium of Brent crude over U.S. West Texas Intermediate futures neared $8 a barrel, close to its widest in three years. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Inventories of gasoline rose by 1.9 million barrels in the same week, just ahead of the Memorial Day holiday in the United States which typically marks the start of the summer driving season.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Refinery runs fell 7,000 bpd to 16.63 million bpd, 3.8 percent below the same week last year, according to the EIA data.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Ahmad Ghaddar in London, Jane Chung in Seoul and Jessica Jaganathan in Singapore<br> Editing by Adrian Croft and Edmund Blair)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold claws higher on soft dollar, renewed trade tensions - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">24-May-2018 08:36:42 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Fed minutes depict a less aggressive rate hike approach<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar hits over one-week low vs yen<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum to continue trading at discount to gold -analysts<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Adds technical comments on platinum, updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Eric Onstad<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 24 (Reuters) - Gold prices rose for a second session on Thursday, lifted by a weaker dollar, worries about renewed trade tensions and volatile emerging markets.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was up 0.3 percent at $1,296.70 per ounce by 1225 GMT, after gaining nearly 0.2 percent in the previous session.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery added 0.5 percent to $1,296.20 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold's safe haven appeal was burnished after the U.S. launched a national security investigation into car and truck imports that could lead to new tariffs similar to those it imposed on steel and aluminium in March. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We have a whole host of potential sources of support for gold. Trade spats are reoccuring and there's a focus on troubled emerging markets," Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen, said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Turkey has been in the spotlight and the lira weakened more than 2 percent after a huge emergency interest rate hike failed to stem its problems. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The relief rally in the Turkish lira yesterday seems to have only managed to pause the slide but not reverse it," Hansen said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold was also buoyed from a weaker dollar index, which lost momentum after U.S. President Donald Trump's threat to impose new tariffs and minutes of the Federal Reserve's last policy meeting were seen as dovish. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Higher U.S. rates tend to boost the dollar and drag on greenback-denominated gold, but the metal can also be used as a hedge against rising inflation.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Hansen said it was worrying that the positive drivers for gold had not pushed it further towards key levels of $1,300 and $1,305, which need to be broken to resume the upside.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It we get there that's going to force a reaction from funds, but we need a spark and so far gold hasn't managed to break out of its range."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold has shed 5 percent since touching $1,365.23 on April 11, the highest in nearly three months.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other precious metals, silver gained 0.8 percent to $16.55 an ounce, platinum climbed 0.9 percent to $907.40 an ounce and palladium shed 0.5 percent to $972 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stéphanie Aymes, head of technical analysis at Societe Generale, said in a note that platinum has rebounded from a multi-year trend at $890 and was now approaching a down sloping channel near $924/31.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A cross above this is needed for signs of rebound."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues and Apeksha Nair in Bengaluru <br> Editing by Alexander Smith and Jason Neely) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 4-8 cents, corn up 1-3, soybeans up 8-10 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">24-May-2018 09:28:35 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 24 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 4 to 8 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat higher on technical buying and dry weather in parts of Canada, Australia and Russia that has fueled expectations of tightening global supplies after record inventories forecast for 2017/18. The CBOT July contract reached $5.42, its highest since Aug. 2017. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture reported export sales of U.S. wheat in the week to May 17 at 452,300 tonnes (old and new crop years combined), in line with trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Russia's Sovecon agriculture consultancy cut its 2018 Russian wheat harvest forecast to 77 million tonnes, from 78.2 million previously, citing weather conditions in Siberia. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 8-1/4 cents at $5.39-1/4 per bushel. K.C. July hard red winter wheat last traded up 6-3/4 cents at $5.58-1/2 and MGEX July spring wheat <span> </span>was up 4-1/2 cents at $6.46-1/2 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 1 to 3 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn higher following wheat and corn. The CBOT July contract reached $4.12-1/4, its highest since July 2017, and new-crop December reached $4.29-1/2, matching its life-of-contract high. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported export sales of U.S. corn in the week to May 17 at 1,127,700 tonnes (old and new crop years combined), in line with trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Through its daily reporting system, the USDA said private exporters reported cancellations of 132,000 tonnes of U.S. sorghum sold to unknown destinations for 2017/18 delivery. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded up 2-1/2 cents at $4.11 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 8 to 10 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans head higher for a fifth straight session on expectations of increased export demand from China, the world' top soy buyer, as trade tensions ease. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Through its daily reporting system, the USDA said private exporters reported sales of 264,000 tonnes of U.S. soybeans to unknown destinations for 2018/19 delivery. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA's weekly export sales report showed net cancellations of 139,500 tonnes of old-crop U.S. soybeans, and net sales of 6,900 tonnes of new-crop soybeans. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported weekly export sales of U.S. soymeal at 196,900 tonnes (old and new crop years combined). <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brazilian soybean processors say their operations have been affected by nationwide truckers protests against high diesel prices. Soy crushers association Abiove said on Wednesday that some plants have suspended operations as beans are not being delivered at the sites. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 9-1/4 cents at $10.48-1/2 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm rises to seven-week peak on stronger soyoil, weaker ringgit - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">24-May-2018 07:11:29 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm hits 2,498 rgt/T, highest since April 9<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude oil prices supporting palm -trader<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm up 1.7 pct this week<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Emily Chow<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">KUALA LUMPUR, May 24 (Reuters) - Malaysian palm oil futures rose to a seven-week high on Thursday evening, tracking gains in U.S. soyoil and supported by a weaker ringgit.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices typically rise on a weaker ringgit, its currency of trade, because it makes the edible oil cheaper for foreign buyers. The ringgit weakened as much as 0.2 percent against the dollar before closing the day with a 0.03 percent gain at 3.9790.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.8 percent at 2,492 ringgit ($626.29) a tonne at the end of the trading day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">It earlier climbed to 2,498 ringgit, matching the intraday high of April 9. Palm is also up 1.7 percent for the week so far, in line for a third straight week of gains. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 41,918 lots of 25 tonnes each at the close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market is up on soybean oil's upside, while crude oil prices are also still holding at high levels," one Kuala Lumpur futures trader said, referring to soyoil on the U.S. Chicago Board of Trade. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The ringgit is also weaker and is expected to weaken further over the week on the dollar's strength."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm, which can be used as feedstock to produce biodiesel, has been tracking movements in crude oil prices in recent sessions. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While oil prices edged down on Thursday on the back of higher OPEC production, benchmark Brent futures are still trading at more than three-year highs of $79. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible that compete in the global vegetable oils market. The Chicago July soybean oil contract gained 0.6 percent on Wednesday and was last up 1 percent on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other related oils, September soybean oil on China's Dalian Commodity Exchange was up 0.3 percent, while the Dalian September palm oil contract rose by 0.4 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Euro edges up as dollar surge loses steam on Fed minutes - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">24-May-2018 08:19:53 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro hurt by euro zone growth slowdown, Italian politics<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Fed minutes show no haste in rate hikes<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar falls more than 1 pct vs yen over last 2 days<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds context, quotes. Updates figures<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Tom Finn<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 24 (Reuters) - The euro rose off a six-month low on Thursday as the dollar faltered but concerns over an economic slowdown in Europe and political risks in Italy continued to act as a brake.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro is set to be down for a sixth consecutive week against the dollar -- the longest weekly losing streak since January 2015 -- hobbled by the surging U.S. currency and worries over a deepening economic slowdown in the currency bloc.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The single currency rose to $1.1746, off the low of $1.1676 hit on Wednesday, and was heading for its biggest daily gain in two weeks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But that was largely because the recent dollar rally lost some momentum following dovish-looking minutes of the Federal Reserve's last policy meeting and the threat by U.S. President Donald Trump to impose new tariffs on imported cars.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"For now this is a dollar story; a pause in the greenback which is quite technical in fact. There is this widespread feeling that the dollar has stalled as profits are taken following a very decent run," said Ulrich Leuchtmann, head of FX strategy at Commerzbank.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro's gains were also capped by economic and political worries in Europe. The leader of the far-right League, a partner in Italy's planned coalition government, insisted on Thursday that eurosceptic economist Paolo Savona should be named economy minister. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro has unwound all of its rally against the Swiss franc since the Italian elections as the prospect of a spendthrift coalition government taking shape in Rome unnerves investors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">It fell to near three-month lows against the franc on Wednesday as fresh data indicated a slowdown in European business activity.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro currency was soft against the yen, hitting a nine-month low of 128.01 yen.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The European Central Bank's chief economist said on Thursday there are "clouds" on the horizon, including plans by Italy's would-be government to loosen fiscal policy and roll back a pension reform, and international trade tension.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"In the absence of eurozone economic data finding another gear this side of summer, the chances of a hawkish ECB-led rally in the single currency look pretty bleak," said ING FX analyst Viraj Patel, in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar's fall appeared to accelerate after the minutes of the Fed meeting. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While most policymakers thought it likely another U.S. interest rate increase would be warranted - in line with market expectations - the minutes showed the Fed would tolerate inflation rising above its goal for a time.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump opened a front in the trade war on Wednesday by considering new tariffs, this time on cars, just days after Washington agreed with Beijing to put "on hold" its plan to impose tariffs on $150 billion worth Chinese goods. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Against the yen, the dollar shed 0.7 percent to 109.3 yen, a day after it experienced its biggest fall in nearly three months.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The safe-haven Swiss franc also ticked up 0.2 percent to 0.9914 franc to the dollar. It hit a three-week high of 0.9894 per dollar on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Editing by Keith Weir and David Stamp)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-78888322324733570412018-05-23T21:41:00.001+08:002018-05-23T21:41:45.190+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St to open lower as optimism over trade talks fades - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">23-May-2018 09:09:25 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S.-China trade deal 'too hard to get done'- Trump<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Fed minutes awaited at 2:00 p.m. ET<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Comcast drops on plan to top Disney bid for Fox assets<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tiffany surges, Target falls after quarterly results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures down: Dow 0.71 pct, S&P 0.62 pct, Nasdaq 0.97 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 23 (Reuters) - Wall Street was headed to open lower on Wednesday after U.S. President Donald Trump cast fresh doubts over current U.S.-China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump signaled a new direction for the trade talks, saying the current track appeared "too hard to get done", a day after telling reporters that he was not pleased with the recent talks. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The latest uncertainty comes as investors prepare to assess the Federal Reserve's May meeting minutes, scheduled for release at 2:00 p.m. ET, for indications of how many rate hikes are likely this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. central bank lifted borrowing costs in March and policymakers are split between those who expect another two rate hikes this year and those who forecast three, in the backdrop of low unemployment, moderate growth and rising inflation.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Not only are the trade negotiations in focus but we also have the Fed's minutes and I expect them to be hawkish," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A combination of the Fed and the trade worries will make today a rocky session."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:53 a.m. ET, Dow e-minis were down 171 points, or 0.69 percent. S&P 500 e-minis were down 16.25 points, or 0.6 percent and Nasdaq 100 e-minis were down 65.75 points, or 0.95 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. 10-year Treasury yields fell to eight-day lows as investors shunned risk. Of the 30 Dow Jones Industrial Average components trading premarket, 29 were in the red.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A majority of the Nasdaq 100 and S&P 100 stocks trading premarket were also lower.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Target sank 4.5 percent after the retailer's quarterly profit rose less than expected as increasing investments dented margins. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tiffany jumped 14.7 percent after the jeweler's quarterly results blew past estimates and the company also raised its full-year profit forecast and announced a $1 billion share buyback program. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Lowe's gained 4.4 percent after the home improvement retailer maintained its annual financial targets on expectations that demand will recover after a disappointing first quarter. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Comcast fell 2.0 percent after the company said it was preparing to top Disney's offer for certain Twenty-First Century Fox assets. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Disney dropped 0.8 percent, while Fox gained 1.4 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Sriraj Kalluvila)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 4-Oil falls as concern mounts over OPEC supply, softer global growth - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">23-May-2018 08:04:51 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent, U.S. crude drop on expectations of higher OPEC output<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Talk of sanctions on Iran, lower Venezuelan supply support<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices, adds comment<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Amanda Cooper<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 23 (Reuters) - Oil fell on Wednesday, under pressure from a potential increase in OPEC crude output to cool the market's recent rally and cover any shortfalls in supply from Iran and Venezuela.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Across the broader financial markets, investors dumped equities and other industrial commodities in favour of Japanese yen, U.S. and German government bonds and gold, as concern mounted that setbacks to U.S.-China trade talks would undermine increasingly fragile-looking world growth. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures were last down 56 cents at $79.01 a barrel by 1153 GMT, while U.S. crude fell 41 cents to $71.79 a barrel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Oil prices have gained nearly 20 percent so far this year, with Brent briefly rising above $80, driven primarily by coordinated supply cuts by the Organization of the Petroleum Exporting Countries and partners including Russia.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The price has also been affected by rising geopolitical tensions that could dent global output just as demand is set to hit 100 million barrels per day in the final quarter of this year, according to the International Energy Agency. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In addition, the United States plans to reimpose sanctions on major oil producer Iran, while an economic crisis has decimated Venezuela's crude output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Based on the prospect of a shortfall in supply relative to demand, investors had driven their bets on a sustained rise in the price of oil to record highs earlier this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But with so much uncertainty over how sanctions might affect Iranian supply, fund managers have cut their holdings of crude futures and options by more than 10 percent in the last seven weeks to the lowest level this year. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It does seem like any move above $80 attracts selling interest right now and that could potentially lead us to a period of consolidation, where I think $77.50 or even $75 might be in focus," Saxo Bank senior manager Ole Hansen said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We still have the unquantifiable impact of U.S. sanctions against Iran." <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry sources familiar with the discussions told Reuters.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If there is a confirmation of easing OPEC+ supply restrictions, the $100+ a barrel theme will have to move from 'lack of prompt supply' to 'lack of spare capacity'," said Petromatrix strategist Olivier Jakob.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising supply in the United States, where shale production is forecast to hit a record high in June, has limited the upward move in prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude and distillate stockpiles fell last week, while gasoline inventories increased unexpectedly, data from the American Petroleum Institute showed on Tuesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Naveen Thukral and Jessica Jaganathan in SINGAPORE; Editing by Jon Boyle and Louise Heavens)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold rises on U.S.-China trade negotiations despite firmer dollar - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">23-May-2018 08:26:10 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar index inches up ahead of Fed minutes<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Fed May FOMC minutes due at 1800 GMT<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Zandi Shabalala<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 23 (Reuters) - Gold prices rose on Wednesday on uncertainty about trade talks between the United States and China, which boosted the metal's safe-haven appeal despite a firmer dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The precious metal, which is often used to store wealth in times of political or economic uncertainty, showed signs of strength after U.S. President Donald Trump said he was not pleased with recent talks with China. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump also said there was a "substantial chance" his summit with North Korean leader Kim Jong Un will not take place as planned on June 12 amid concerns that Kim is resistant to giving up his nuclear weapons. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar, in which gold and other commodities are priced, rose versus a basket of currencies, with investors awaiting minutes of the Federal Reserve's latest policy meeting due later in the day. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Normally in such a stronger dollar environment gold is trading lower but it's not and this is indicating there is probably safe-haven flows supporting gold," said Quantitative Commodity Research consultant Peter Fertig.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was 0.3 percent higher at $1,294.31 per ounce as of 1210 GMT, having touched its highest since May 15 at $1,297.84. U.S. gold futures for June delivery rose 0.2 percent to $1,294 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Prices remained stuck in a narrow range, just below $1,300 per ounce, as investors awaited more clues on the path of U.S. interest rates.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At its previous meeting in May, the U.S. central bank expressed confidence in the economy and kept its benchmark lending rate unchanged. It said inflation was near the bank's target, leaving it on track to raise borrowing costs in June. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is highly sensitive to rising U.S. rates, as these tend to boost the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold has shown reduced volatility in the last few trading sessions as it attempted a break above $1,300 and prices are "waiting for a new, clear direction," said ActivTrades chief analyst Carlo Alberto De Casa.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of the world's largest gold-backed exchange-traded fund (ETF), New York-based SPDR Gold Shares, fell 0.38 percent to 852.04 tonnes on Monday from 855.28 tonnes on Friday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We think gold will be in for a period of consolidation in the short term and are monitoring moves in ETF holdings - which have surprisingly held rather steadily given the move through $1,300 support," said MKS senior precious metals dealer Alex Thorndike.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, silver was steady $16.52 an ounce and platinum was 0.3 percent higher at $905.80 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium eased 1.4 percent to $976.97 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues in Bengaluru Editing by Edmund Blair and Elaine Hardcastle) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper slides as optimism over U.S.-China trade talks fades - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">23-May-2018 08:17:34 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with official prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Jan Harvey<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 23 (Reuters) - Copper fell 2 percent on Wednesday as U.S. President Donald Trump tempered optimism that a China-U.S. trade stand-off was at an end, knocking appetite for cyclical assets and helping pull the metal from the previous day's near one-month high. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stock markets slid and the dollar fell against the Japanese yen - seen as a haven from risk - after Trump said he was not pleased with recent trade talks with China. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">His comments came after U.S. Treasury Secretary Steven Mnuchin said over the weekend that the prospect of a trade war between the two countries was "on hold", giving a boost to nominally riskier assets like stocks and industrial metals. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If you enter a phase where trade growth slows down, then it is quite bad news for the Chinese economy," Oxford Economics commodities analyst Daniel Smith said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The risks around a lot of these things are definitely much higher than they were a few months ago."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China is the world's largest consumer of copper, which is chiefly used in construction. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER: Three-month copper on the London Metal Exchange was down 2.2 percent at $6,828 a tonne in official trading, after peaking at $6,999 on Tuesday, its loftiest since April 26. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER INVENTORIES: On-warrant stocks of copper in London Metal Exchange (LME) warehouses -- metal not earmarked for delivery and therefore available to the market -- fell 7,975 tonnes to 226,300 tonnes, their lowest since late January.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* GRASBERG: Global miner Rio Tinto Ltd said it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* VEDANTA: An Indian court halted the proposed expansion of Vedanta Resources copper smelter where a day earlier 11 people were killed when police fired on protesters seeking closure of the plant on environmental grounds.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* LEAD: LME lead was untraded in official rings, but was last bid down 1 percent at $2,450 a tonne, retreating from a 12-week high hit in the previous session after Chinese speculators drove a rally based by potential supply shortages. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* NICKEL: LME nickel, also untraded in official rings, was last bid 1.6 percent lower at $14,550 a tonne. Nickel remains the best performer among base metals, with a year-to-date gain of nearly 14 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* NICKEL INVENTORIES: LME nickel stockpiles fell by another 2,454 tonnes, data on Wednesday showed, and are at their lowest since 2014, underlining a deficit in the metal used for stainless steel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* OTHER METALS: LME zinc was down 1.4 percent at $3,014 a tonne in official trading, while aluminium was down 1.3 percent at $2,240 a tonne. Tin was untraded in official rings, but was last up 0.1 percent at $20,550 a tonne.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Manolo Serapio Jr. in Manila<br> Editing by Edmund Blair and Louise Heavens)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Soybeans up 1-2 cents, corn flat-down 1, wheat mixed - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">23-May-2018 09:26:37 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 23 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Mixed, up 1 cent per bushel to down 1 cent<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat mixed as market pauses a day after the CBOT July contract notched a 2-1/2 week high at $5.30-1/4 a bushel. Futures underpinned by technical buying, short-covering and worries about dry conditions curbing yields in parts of North America, Russia and Australia.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Millers in Asia have in the past month or so booked up to 1 million tonnes of new-crop Black Sea wheat for shipments starting in August, two of the traders said, with a wave of similar deals expected to follow. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 1 cent at $5.22-1/2 per bushel. K.C. July hard red winter wheat last traded up 1-1/4 cents at $5.41-3/4 and MGEX July spring wheat was up 2-1/4 cents at $6.35-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Steady to down 1 cent per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn flat to fractionally lower, consolidating a day after the new-crop December contract reached $4.25, a 10-month high, triggering scattered farmer sales. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA said private exporters reported sales of 140,000 tonnes of optional-origin corn to Saudi Arabia, including 70,000 tonnes for delivery in the 2017/18 marketing year and another 70,000 tonnes for 2018/19. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last traded unchanged at $4.04-3/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 1 to 2 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans edging higher on expectations of improving demand from top global buyer China as trade tensions ease. China's state grain stockpiler returned this week to the U.S. soybean market for the first time since early April, two sources said.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, U.S. President Donald Trump signaled a new direction in U.S. and China's trade talks, saying the current track appeared "too hard to get done" and that any possible deal needed "a different structure." <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Brazilian government will propose a reduction of a tax on diesel in a bid to end a nationwide truckers' protest against higher fuel prices, which is disrupting economic activity including soybean movement. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 1 cent at $10.31-1/2 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Euro plunges as risk aversion, Italy concerns weigh - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">23-May-2018 07:41:41 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro/franc unwinds all of its post Italy election surge<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Yen posts biggest single day rise against dollar in year<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Derivative markets signal more weakness for the euro<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds quotes, details<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Saikat Chatterjee<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 23 (Reuters) - The euro fell to near three-month lows against the Swiss franc on Wednesday as fresh data indicating a slowdown in European business activity cast a shadow over the timing of the central bank's rate hike, while concerns over Italian politics rose.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro's weakness also spilled over to the dollar, falling half a percent on the day, but broader risk aversion kept the dollar on the back foot against the franc and the Japanese yen.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The yen surged 1.2 percent against the dollar, set for its biggest daily rise in more than a year, as a wave of caution swept currency markets a day after U.S. President Donald Trump tempered optimism over progress made in trade talks with China.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Carry trades, where investors borrow in relatively low yielding currencies to invest in higher-yielding ones, came under pressure with the euro/swiss franc falling to its lowest levels since early-March.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro has unwound all of its rally against the franc since the Italian elections as the prospect of a spendthrift coalition government taking shape in Rome unnerved investors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The euro is coming up against some structural headwinds as the PMI data shows no signs of picking up while the Italian situation is also weighing on sentiment," said SEB senior currency strategist Richard Falkenhall. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">DERIVATIVES<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Currency derivative markets are signalling further weakness for the euro with one-year risk reversals on the single currency -- a gauge of demand for options on a currency rising or falling -- dropping to a seven-month low on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">One year risk reversals fell to minus 0.4 after being in positive territory as recently as Monday, indicating that demand for euro puts has surged to protect downside risks, according to traders.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Morgan Stanley strategists said the euro's recent weakness could prompt overseas investors to hedge their bond and equity investments in Europe, which could add further downside pressure on the euro.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The euro/Swiss franc cross encapsulates the growing risk premium that investors are placing on the euro in recent days and we may see further downside for now," said Alvin Tan, a currency strategist at Societe Generale in London.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While the dollar against a basket of its rivals rose 0.4 percent to 94.00, it weakened 1.2 percent and 0.6 percent against the Japanese yen and Swiss franc respectively.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stocks tumbled and the yen gained broadly after Trump said on Tuesday he was not pleased with recent trade talks between the United States and China, the world's two biggest economies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro fell to a six month low after German PMI data fell to a 20-month low indicating that economic momentum in Europe's biggest economy was faltering. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro/Swiss franc fell 0.7 percent to 1.1601 francs per euro, its lowest level since March 6.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The currency pair, a proxy for risk appetite within Europe, has fallen nearly 3 percent since May 14 as concerns of a fiscally profligate new coalition government in Rome has raised concerns of a showdown with the European Union.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The likelihood of a government comprised of the anti-establishment 5-Star Movement and the far-right League has pushed Italian 10-year yields up nearly 60 basis points since the start of May. The bulk of that move has been over the past week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The safe-haven yen also rose against other currency crosses and surged against the Turkish lira, amid talk of Japanese retail investors selling the lira as stop-loss levels were hit.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The yen tends to rise in times of market turbulence since Japan is the world's largest creditor nation and traders tend to assume Japanese investors would repatriate funds at times of crisis.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors are now looking to the release on Wednesday of the Fed's minutes from its most recent meeting, when it kept interest rates steady.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In its post-meeting statement issued in early May, the Fed also said inflation had "moved close" to its target and that "on a 12-month basis is expected to run near the Committee's symmetric 2 percent objective over the medium term."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Saikat Chatterjee; Additional reporting by Masayuki Kitano in SINGAPORE; Editing by Raissa Kasolowsky and Jon Boyle)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-579248416157153932018-05-22T21:53:00.001+08:002018-05-22T21:53:54.358+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall Street set to open higher as U.S.-China trade talks advance - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">22-May-2018 09:12:16 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China cuts car import tariffs amid easing trade concerns <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ford, General Motors, Tesla rise<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Kohl's jumps after results, helps other retailers<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures up: Dow 0.2 pct, S&P 0.17 pct, Nasdaq 0.31 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 22 (Reuters) - Stock futures pointed to a higher opening on Tuesday on signs of further progress in trade talks between the United States and China as the world's two largest economies pull back from the brink of a full-blown trade war.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, while Beijing said it will steeply cut import tariffs for automobiles and car parts.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Ford, General Motors, Tesla, as well as the U.S.-listed shares of Ferrari and Fiat, were up between 0.7 percent and 1.7 percent in premarket trading.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market is taking very well to what appears to be the fact that Trump is able to maneuver the trade talks in our favor," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. "We're seeing a continuation of that positive momentum this morning."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The stock market has generally been volatile this year on a combination of factors including the fear of higher inflation spurring faster U.S. interest rate hikes and worries over a global trade war.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While investors may be relieved over the easing trade tensions, many U.S. government and industry officials view President Donald Trump is backing off from his tough stance against what they see as China's unfair trade and market access practices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:44 a.m. ET, Dow e-minis were up 50 points, or 0.2 percent. S&P 500 e-minis were up 4.75 points, or 0.17 percent and Nasdaq 100 e-minis were up 21.75 points, or 0.31 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other gainers, Kohl's was up 5.9 percent after the department store chain topped quarterly profit estimates and lifted its annual profit forecast.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rival Macy's, which reported strong quarterly results last week, gained more than 2 percent while discount operator TJX rose 0.6 percent after results.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's comforting to know that retailing side is not dead. Consumer discretionary stocks have done very well for a while now and that's a small sign but it's another advocate for a strong economy," Bakhos said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among decliners, Toll Brothers slid 4.2 percent after disappointing second-quarter profit and weighed on other homebuilders. Lennar dipped 1.1 percent, while PulteGroup slipped 0.5 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Micron, which raised its quarterly forecast and led the chipmakers higher on Monday, jumped 6.7 percent after announcing a $10 billion share buyback.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Facebook edged up 0.3 percent ahead of Chief Executive Mark Zuckerberg's defense of the company's data practices to European lawmakers in Brussels. The testimony starts at 12:15 p.m. ET and comes three days before tough new European Union rules on data protection take effect.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The possibility of a ZTE reprieve boosted shares of optical component makers. Acacia Communications, which got 30 percent of its 2017 revenue from ZTE, rose 4.5 percent, while Oclaro gained 1.7 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Sriraj Kalluvila)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 5-Oil rises towards $80 as supply concerns mount - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">22-May-2018 08:27:16 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 22 (Reuters)<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* Venezuela vote increases concern about its oil supply<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* OPEC cuts, looming U.S. sanctions on Iran also support<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* U.S. crude oil inventories seen lower for third week<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Updates prices)<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Alex Lawler<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 22 (Reuters) - Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude is trading at the highest since late 2014, underpinned by a supply-cutting deal among the Organization of the Petroleum Exporting Countries plus Russia and other non-members, and strong global demand.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude , the global benchmark, rose 54 cents to $79.76 a barrel by 1221 GMT. Last week, it topped $80 for the first time since November 2014.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude was up 31 cents at $72.55, having earlier traded at $72.72, its highest since November 2014.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The solid global economy, selected supply disruptions and the upbeat market mood in particular in oil frame a positive environment," said Norbert Ruecker, head of commodities and macro research at Julius Baer.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. government imposed new sanctions on Venezuela following Sunday's re-election of President Nicolas Maduro, a move that analysts say could further curb the country's oil output already at its lowest in decades.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We can expect continued falling Venezuelan production," said Tony Nunan, oil risk manager at Mitsubishi Corp in Tokyo.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Concern about a potential drop in Iranian oil exports following Washington's exit from a nuclear deal with Tehran and the threat of U.S. sanctions is also supporting prices. On Monday, the United States hardened its approach to Iran. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Venezuela and Iran are members of OPEC, which with its allies has curbed production since January 2017 to get rid of a supply glut that in mid-2014 led to a price collapse.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Due in part to the involuntary drop in Venezuela's output, OPEC is over-delivering on the agreement. Saudi Arabia and other major OPEC producers could in theory add more supply, but have yet to do so.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The OPEC-led supply curbs have largely cleared an inventory surplus in industrialised countries based on the deal's original goals, and stocks continue to decline.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stockpiles are forecast to have declined by 2.8 million barrels last week, a third straight weekly fall. The American Petroleum Institute's inventory report for the period is due at 2030 GMT. [EIA/S]<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Limiting the upward pressure on prices is rising supply in the United States, where shale production is forecast to hit a record high in June. [nL2N1SL1DC]<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Jessica Jaganathan; Editing by Dale Hudson and Jane Merriman) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold gains as dollar rally comes off the boil - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">22-May-2018 08:20:09 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Easing of geopolitical risk negative for gold - analyst<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SPDR gold holdings down 0.4 percent on Monday<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum edges up from five-month low hit a day earlier<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Maytaal Angel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 22 (Reuters) - Gold edged up on Tuesday from a 2018 low as the dollar fell from its five-month high, although risk appetite in the broader financial markets kept the metal's gains in check.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar lost momentum following a rally prompted by rising U.S. bond yields and the prospect of a resolution to U.S.-China trade tensions. A weaker dollar makes dollar-priced gold cheaper for non-U.S. investors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a trade war and agreed to hold further talks to boost U.S. exports to China. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"This quarter and maybe going into next, gold will continue to struggle but the (positive) views on the U.S. economy are overdone," said Philip Newman, director at Metals Focus.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There are concerns over sizeable U.S. debt, there's the (U.S.) mid-term elections in November, there's enough out there that could see the dollar eventually weaken and gold prices start to improve through the back end of this year."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold edged up 0.2 percent to $1,294.91 per ounce by 1158 GMT. In the previous session, it slid to $1,281.76, its lowest since Dec. 27.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery rose 0.3 percent to $1,294.60 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Capping gains in gold, European shares inched to a near four-month high as an easing of pressure on Italian markets coincided with China's latest move to open its economy to the rest of the world.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold, regarded as a safe haven, tends to weaken when there is strong investor appetite for equities, seen as riskier assets.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The overriding narrative here is where the dollar is going," said Stephen Innes, APAC trading head at OANDA. Abating geopolitical risk was also weighing on sentiment for gold, he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, expectations that the Federal Reserve will raise U.S. interest rates again next month added to downward pressure on gold. Higher U.S. rates tend to boost the dollar and push bond yields up, making non-yielding assets such as bullion less attractive. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Innes said any drop to somewhere around the $1,275 level would start to attract more bullish sentiment. "But in the meantime the driver is going to remain the U.S. dollar," he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.38 percent to 852.04 tonnes on Monday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Silver rose 0.8 percent to $16.60 an ounce, while palladium fell 1.4 percent to $975.72 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum climbed 1.4 percent to $908.50 an ounce, after marking a low for the year in the previous session at $873.50.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Karen Rodrigues and Apeksha Nair in Bengaluru; Editing by Dale Hudson and David Stamp) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">Trump wants more from EU to lift tariffs - EU trade chief - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">22-May-2018 06:11:24 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Philip Blenkinsop<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BRUSSELS, May 22 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Europe's proposals to open its markets wider to U.S. products including cars appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminium, the bloc's trade chief said on Tuesday.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. President Donald Trump has set tariffs of 25 percent on incoming steel and 10 percent on aluminium on grounds of national security but has granted EU producers an exemption until June 1 pending the outcome of talks.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">EU leaders last week agreed on four areas the bloc would be willing to discuss, including easier access for industrial products, but only on condition that the exemption is made permanent. <br> <br> EU Trade Commissioner Cecilia Malmstrom spoke with U.S. Commerce Secretary Wilbur Ross after the proposals were made public, but said Washington did not seem satisfied.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">I think they don't think it is enough<span class="gmail-tr-strong">,</span>" <span class="gmail-tr-strong">she told reporters before a meeting of EU ministers to discuss trade.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Luxembourg Foreign Minister Jean Asselborn seemed equally gloomy about prospects.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I think that on June 1 we will have another deadlock," he said. "Perhaps we will take a step forward in terms of what we can offer the Americans. It could be that we move towards quotas. Everything is open, but it's difficult."</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The areas identified for discussion are: greater market access for industrial products, including cars, and to government tenders; energy, notably liquefied natural gas (LNG); possible cooperation among regulators; and reform of the World Trade Organization.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Export-oriented Germany, which has been the keenest to avoid a trade conflict, described the EU leaders' proposals as a first step and forecast "intensive discussion" on Tuesday to find a deal acceptable to both Europe and the United States.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Time is running out," German Economy Minister Peter Altmaier said. "We know what is on the menu, now we need to get a good meal together. I think that is feasible."</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">So far, the United States has given permanent metals tariff exemptions to Australia, Argentina, Brazil and South Korea, but in each case set import quotas.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malmstrom said she could not imagine the EU accepting quotas unless they were at levels of exports in recent years.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"But we are under the impression that somehow they want to limit steel to the U.S., aluminium as well," she said.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Philip Blenkinsop<br> Editing by Richard Balmforth)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 9-11 cents, corn up 2-3, soybeans up 5-6 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">22-May-2018 09:23:23 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 22 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 9 to 11 cents per bushel <span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat higher on a technical bounce after Monday's 2 percent slide in the CBOT July contract and on forecasts for warmer and drier conditions in the southern U.S. Plains winter wheat belt. Dryness in Australia remains a concern as well. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture late Monday rated 36 percent of the U.S. winter wheat crop as good to excellent, unchanged from the previous week; analysts had expected a slight improvement. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 10-1/2 cents at $5.17-3/4 per bushel. K.C. July hard red winter wheat last traded up 11-3/4 cents at $5.38-1/4 and MGEX July spring wheat was up 6 cent at $6.27-3/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 2 to 3 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn heading higher for a third straight session on technical buying and spillover strength from wheat. Optimism about the easing of trade tensions between the United States and China lends support.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chart support noted in July corn at its 20-day moving average near $4.01.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday said the U.S. corn crop was 81 percent planted, matching the five-year average and topping an average of trade expectations for 80 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last up 3 cents at $4.05-3/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 5 to 6 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans heading higher for a third straight session on technical buying and relief over the fading threat of a U.S. trade war with China, the world's biggest soy importer. CBOT July soybeans reached $10.32-1/2 ahead of the pause in trade, the contract's highest since May 10.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rally capped by better-than-expected U.S. soybean planting progress.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday said the U.S. soybean crop was 56 percent planted, well ahead of the five-year average of 44 percent and above an average of trade expectations for 54 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brazil's truck drivers blocked major roadways around the capital of the country's largest grain state to protest increases in domestic fuel prices, the federal highway police said on Monday. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 6 cents at $10.31-1/4 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm hits six-week peak on stronger crude oil and soyoil - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">22-May-2018 07:09:16 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm posts strongest weekly percentage gain<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Registers third positive session in four<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Weaker production outlook also supports -trader<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Emily Chow<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">KUALA LUMPUR, May 22 (Reuters) - Malaysian palm oil futures climbed to a six-week high in evening trade on Tuesday, charting a third session of gains in four, tracking overnight strength in U.S. soyoil and crude oil prices. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,477 ringgit ($624.64) a tonne at the end of the trading day for its largest percentage gain since May 14. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The market had hit an intraday peak of 2,485 ringgit, its highest since April 9.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 39,505 lots of 25 tonnes each by the close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Soyoil is up, and crude oil is trading at three-year highs," said one futures trader in Kuala Lumpur, adding that this encouraged more production of palm-based biodiesel. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices are affected by movements in crude oil because it is used as feedstock to produce biodiesel. Crude oil prices rose on Tuesday on concerns that Venezuela's output could drop further after a disputed presidential election and potential U.S. sanctions on the OPEC member. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Another trader said that expectations of lower palm oil production in May also supported benchmark prices. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Data from the Malaysian Palm Oil Board (MPOB) had showed that April output in the Southeast Asian country dipped by 1 percent to 1.56 million tonnes from a month earlier but was still the highest April level since 2015. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is also affected by movements in rival edible oils that compete in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Chicago July soybean oil contract jumped 1.4 percent on Monday, tracking rallies in soybean prices after the United States and China agreed to drop tariff threats as they work on a wider trade agreement. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soyoil was up 0.7 percent at about 1100 GMT on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other related oils, September soybean oil on China's Dalian Commodity Exchange fell 0.2 percent, while the Dalian September palm oil contract was trading flat.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Emily Chow<br> Editing by Amrutha Gayathri and David Goodman)<span></span></span></p> <br> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-21639617913349624302018-05-19T00:54:00.001+08:002018-05-19T00:54:44.099+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Tech, financials weigh on S&P, industrials prop up Dow - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 11:44:32 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Industrials gain as Sino-US trade talks progress<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Applied Materials forecast weighs on chip stocks<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Campbell Soup's margin warning hits food stocks <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Alphabet drops, Google to feature on CBS "60 minutes"<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dow up 0.17 pct, S&P down 0.18 pct, Nasdaq drops 0.08 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Changes comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 18 (Reuters) - Wall Street slipped on Friday, weighed down by financials and as Alphabet and Applied Materials led technology stocks lower, although losses were limited as industrial shares gained on signs of progress in Sino-U.S. trade talks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China denied it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There is still a concern around trade talks with China, but ... the stock market is cautiously optimistic that trade talks will lead to a good result," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The industrial sector jumped 0.5 percent, the most among the 11 major S&P sectors, with Boeing's near 2 percent rise giving the biggest lift.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Also helping the industrials sector was Deere, which jumped 5.5 percent after the company raised its full-year earnings estimate. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Alphabet tumbled 0.8 percent, weighing the most on the Nasdaq. Google is set to be featured on CBS News' "60 minutes" this weekend.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Applied Materials dropped 8.4 percent after the chip gear maker's disappointing forecast renewed concerns over slowing smartphone demand. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The warning dragged down Philadelphia chipmaker index by 0.9 percent. Intel's 1.8 percent fall weighed on the market's three major indexes.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The financial index was off 0.44 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 11:21 a.m. EDT the Dow Jones Industrial Average was up 42.81 points, or 0.17 percent, at 24,756.79, kept afloat by Boeing and other industrial stocks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P 500 was down 1.80 points, or 0.07 percent, at 2,718.33 and the Nasdaq Composite was down 5.96 points, or 0.08 percent, at 7,376.51.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Campbell Soup fell 11.1 percent after the company cut its full-year profit forecast and said its chief executive officer decided to step down. Shares of a host of other food companies also declined.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Nordstrom declined 8.9 percent after the upscale department store operator reported same-store sales that missed analysts' expectations.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Advancing issues outnumbered decliners by a 1.03-to-1 ratio on the NYSE. Advancing issues outnumbered decliners by a 1.12-to-1 ratio on the Nasdaq.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P index recorded 3 new 52-week highs and 4 new lows, while the Nasdaq recorded 119 new highs and 20 new lows. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 7-Oil prices little changed but set for sixth week of gains - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 11:08:44 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent rose above $80 on Thursday <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi Arabia makes assurances on supplies<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BP sees oil prices falling to $50-$65 a barrel - Dudley <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Coming up: Baker Hughes U.S. rig count data at 1 p.m. EDT<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices, market activity, adds commentary; changes byline, dateline to NEW YORK, previously LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Stephanie Kelly<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 18 (Reuters) - Brent oil prices were little changed on Friday but were on track for a sixth straight week of gains, boosted by strong demand, looming U.S. sanctions on Iran and plummeting Venezuelan production.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures for July delivery fell 6 cents to $79.24 a barrel, a 0.1 percent loss, by 10:58 a.m. EDT (1458 GMT). The benchmark on Thursday broke through $80 for the first time since November 2014. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. West Texas Intermediate (WTI) crude futures for June delivery fell 19 cents to $71.30 a barrel, a 0.3 percent loss. The contract was still set for its third straight week of gains.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Today is a bit of a pause and a retrenchment heading into the weekend with speculators trying to decide how close are we to the seasonal shift and do I take profits here," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">British bank Barclays said it expected average prices of $70 per barrel for Brent this year and $65 a barrel for 2019, up from estimates of $63 and $60 previously.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Since last month, Venezuela's production decline, (U.S. President Donald) Trump's Iran sanctions decision, a new disruption in Nigeria, and anecdotal evidence from a new round of producer earnings require a price forecast revision," the bank said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising prices have already raised the alarm among big oil-consuming countries. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC kingpin Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil just as major consumer India expressed frustration with rising prices. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi Energy Minister Khalid al-Falih called India's Petroleum Minister Dharmendra Pradhan to assure him that supporting global economic growth was "one of the kingdom's key goals," the Saudi Energy Ministry said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, it will take time to assess whether oil prices remain volatile or not, Russia's energy minister, Alexander Novak, said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Beyond OPEC's cuts, strong demand, falling output from Venezuela and the U.S. announcement this month that it would renew sanctions against OPEC member Iran have helped push up Brent by 20 percent since the start of the year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. investment bank Jefferies said sanctions against Iran could remove more than 1 million barrels per day (bpd) from the market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Barclays said output from Venezuela could fall below 1 million bpd. The country, also an OPEC member, produced around 1.5 million bpd in April. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In the United States, crude production has continued to grow to record highs, rising 20,000 bpd to 10.72 million bpd last week, the Energy Information Administration said. The United States in February produced 10.3 million bpd, a record. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Market participants awaited U.S. rig count data that was due later on Friday at 1 p.m. EDT.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BP Plc, however, expects the rally to cool off. The oil major's chief executive, Bob Dudley, told Reuters he saw the price of oil falling to between $50 and $65 a barrel due to surging shale output and OPEC's capacity to boost production. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Ahmad Ghaddar in London and Henning Gloystein in Singapore; Editing by Dale Hudson and Jon Boyle)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold prices fall as dollar hits fresh peak; rebound seen - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 10:08:32 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold down over 2 pct for the week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar index hits fresh five-month high<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Benchmark U.S. yields near 7-year peak<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Eric Onstad<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 18 (Reuters) - Gold prices dipped on Friday, weighed down by a firmer dollar, but some traders said signs pointed to a rebound.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 0.1 percent at $1,288.41 per ounce at 1400 GMT, after hitting its lowest since Dec. 27 in the previous session at $1,285.41.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The metal was heading for its biggest weekly decline since early December.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery fell 0.2 percent to $1,287.50 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There are many drivers that are pointing to an upside in the precious metals, so we're buying into this weakness," said Gianclaudio Torlizzi, partner at consultancy T-Commodity in Milan.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The sentiment index in gold was indicating it was strongly oversold while the dollar was heavily overbought, while U.S. inflation measures were rising, he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Data on Thursday showed a tightening U.S. labour market and factory activity in the mid-Atlantic region picking up, bolstering expectations the Federal Reserve will raise interest rates next month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We think there is room for a strong rally into the summer and we have a gold target of $1,430 by August," Torlizzi said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index rose to a fresh five-month peak on Friday as the benchmark U.S. Treasury yield hit the highest in nearly seven years. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The 10-year U.S. yields put the dollar on a firm foot and put pressure on metals and gold," said a Hong Kong-based trader, adding that some "risk-on" sentiment in markets today was also adding pressure.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A stronger greenback makes dollar-denominated gold more expensive for users of other currencies, while higher U.S. yields dampen the appeal of non-yielding bullion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The demands of populist parties likely to form Italy's next government, which promised on Friday to ramp up spending, could also support gold. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A debt crisis in Italy would have a far bigger impact than one in Greece. Gold would profit as a result," Commerzbank analysts said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold is still targeting $1,302 per ounce as it has stabilised around a support at $1,287, Reuters technical analyst Wang Tao said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other metals, silver fell 0.2 percent to $16.39 an ounce and was due to shed slightly more than 1 percent for the week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum dropped 0.6 percent to $883.60 per ounce after hitting a five-month low at $879 on Thursday. Platinum was set to fall around 4 percent on the week, the biggest weekly loss since early December.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium declined 0.3 percent to $977.47 and was heading for a 2 percent weekly loss.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair in Bengaluru; Editing by Adrian Croft and Jon Boyle) <br> <br> </span><span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">19-May-2018 12:40:32 AM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-advisory" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts with U.S. trading, adds new analyst quote, changes byline/dateline; pvs LONDON<span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Mark Weinraub<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 18 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. wheat futures rallied on Friday, with the benchmark Chicago Board of Trade soft red winter wheat contract surging 3 percent on forecasts for dry conditions that could further stress an already damaged crop.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The weather outlook also threatened to slow planting progress in the U.S. Midwest, which was supportive of corn and soybean futures.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Heavy rainfall across portions of the northern U.S. Plains and the western Midwest will further delay spring plantings, while unfavorable dry anomalies persist in the southern U.S. Plains," Thomson Reuters Weather Research said in a note.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn futures were up 1.6 percent following China's move to drop its anti-dumping probe into imports of U.S. sorghum on Friday, beating a hasty retreat from a dispute that wreaked chaos across the global grain market and raised concerns about rising costs and financial damage at home.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The decision also boosted soybean futures amid hopes it signaled that a move to settle all ongoing trade disputes between Beijing and Washington would follow soon.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The whole complex is being supported by the idea that China is showing some flexibility and talk of a potential grand bargain," said Jim Gerlach, president of Indiana-based A/C Trading.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chinese Vice Premier Liu He is in Washington for talks aimed at resolving trade tensions between the world's two largest economies.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 11:31 a.m. CDT (1631 GMT), CBOT July soft red winter wheat futures were up 15 cents at $5.12-1/2 a bushel. CBOT wheat has risen for four days in a row and was on track for a weekly gain of </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">3<span class="gmail-tr-strong">.1 percent.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn futures were 6-3/4 cents higher at $4.02.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybean futures were up 1/4 cent at $9.95-1/4 a bushel.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Strength in soybeans was tempered by a U.S. Agriculture Department announcement that unknown buyers canceled sales to buy 949,000 tonnes of soybeans. </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybean futures have fallen 0.8 percent this week and were on track for their third straight weekly loss. Corn futures were up 1.4 percent this week.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Naveen Thukral in Singapore and Nigel Hunt in London; Editing by Dale Hudson and Tom Brown)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 1-Farm bill fails in U.S. House over Republican immigration spat - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">19-May-2018 12:42:30 AM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-advisory" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds context for bill's failure<span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Amanda Becker and Susan Cornwell<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WASHINGTON, May 18 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Republican-controlled U</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">.S. House of Representatives <span class="gmail-tr-strong">failed to approve a sweeping $867 billion farm bill </span>on Friday after conservative Republicans warned party leaders not to hold the vote until they were given the chance to consider a bill to clamp down on immigration.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The next steps are unclear for the bill, which failed in a 198-to-213 vote.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">R<span class="gmail-tr-strong">epresentative Cathy McMorris Rodgers, a member of Republican leadership, told reporters "the Freedom Caucus" was the reason the bill failed.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The conservative Freedom Caucus has about 30 members in the 435-seat House and they have been pushing for consideration of a conservative immigration bill. The group told party leaders on Thursday that they should delay the farm bill vote until a debate is held on immigration.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Democrats <span class="gmail-tr-strong">also voted against</span> the <span class="gmail-tr-strong">farm bill </span>due to changes it would make to a food stamps program used by about 40 million Americans, officially known as the Supplemental Nutrition Assistance Program (SNAP).<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Members of the Senate Committee on Agriculture, Nutrition and Forestry have said they are writing their own version of the farm bill because the House's proposed SNAP changes could not pass the chamber, where Republicans hold a slim 51-49 majority and passing most legislation requires 60 votes.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting By Amanda Becker<br> Editing by Chizu Nomiyama and Bill Berkrot)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Dollar climbs to five-month peak as euro falls on Italy worries - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 10:48:28 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro struggles near $1.18 mark, as Italy woes grow<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar rise leaves yen at weakest since January<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices, adds comment, FX table, changes byline, dateline; previous LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Gertrude Chavez-Dreyfuss<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 18 (Reuters) - The dollar rose to a five-month high against a basket of major currencies on Friday, helped by weakness in the euro as investors fretted about political uncertainty in Italy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index has gained for five straight sessions and is on track for a 1.3 percent weekly gain. It has risen 5 percent since mid-February, with investors betting U.S. interest rates will need to rise further to curb inflation.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shaun Osborne, chief FX strategist at Scotiabank in Toronto, however, believes the dollar's rally was more about extreme short positioning that needed to unwind.<br> "We continue to view dollar gains as a temporary issue reflecting excessive short positioning and concerns European growth momentum has slowed and may impair the ECB's (European Central Bank) willingness to move away from quantitative easing later this year." <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro on Friday was headed for its fifth successive weekly decline versus the dollar, its first such fall since 2015.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Europe's single currency has fallen about seven cents in three weeks amid a sharp dollar rally and concerns about the outlook for Italy's next government.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The far-right League and 5-Star Movement have agreed on a governing accord that would slash taxes and ramp up welfare spending. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ratings agency DBRS warned on Thursday that the economic proposals of the anti-establishment parties could threaten Italy's sovereign credit rating.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In mid-morning trading, the euro fell to a five-month low of $1.1753. It has declined nearly 1.2 percent versus the dollar this week and dropped against the Swiss franc, which typically attracts capital in times of uncertainty. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The possibility of a eurosceptic government in Rome is shaking investor confidence ... at this point a larger fiscal deficit and greater bond issuance (in Italy) does seem likely," said David Madden, a strategist at CMC Markets.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A founding member of the EU and the euro, Italy accounts for 15.4 percent of eurozone GDP and the Italian parties' hostility toward the European Union is the biggest challenge to the bloc since Britain voted to leave two years ago.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A powerful rally by the dollar is also hurting the euro.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On Friday, the dollar set a fresh four-month high against the yen and was up 0.1 percent, buoyed by a further rise in U.S. Treasury yields that suggests an upbeat outlook for the world's largest economy. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In a note to clients, however, strategists at Citibank said the dollar rally would not last long. They cited the U.S. budget deficit, which is projected to balloon to more than $1 trillion in 2019, and would contribute to a 5 percent drop in the dollar index over the next 12 months.<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-59014605706025158242018-05-18T21:49:00.000+08:002018-05-18T21:50:32.471+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set to open lower, trade talks in focus - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 09:11:30 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China denies offering to cut $200 bln in U.S. trade surplus <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude eyes sixth straight week of gains<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">10-yr Treasury yield holds above 3 pct mark for fourth day<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Applied Materials falls after results<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures down: Dow 0.02 pct, S&P 0.17 pct, Nasdaq 0.42 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 18 (Reuters) - U.S. stock index futures were lower on Friday as technology shares slipped, while investors waited for the outcome of Sino-U.S. trade talks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China denied it had offered to cut its trade surplus with the United States by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports, but added that talks were constructive.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The world's two biggest economies are seeking to bridge a divide on trade issues during the two-day talks in Washington that began on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The focus today will be on trade talks as China denied any major reductions in surplus and the NAFTA talks progression" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among technology stocks, Alphabet fell 1.3 percent in premarket trading and is expected to weigh on the major indexes. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Applied Materials dropped 6.2 percent after the chip gear maker's disappointing forecast renewed concerns over slowing smartphone demand.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Campbell Soup declined 8.8 percent after the company cut its full-year earnings forecast and said Chief Executive Officer Denise Morrison would step down. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:55 a.m. ET, Dow e-minis were down 5 points, or 0.02 percent. S&P 500 e-minis were down 4.75 points, or 0.17 percent and Nasdaq 100 e-minis were down 29 points, or 0.42 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We're looking at a mixed session today. We still have the dollar creeping up again, rates pretty much doing nothing."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors have been fretting about rising interest rates, with the 10-year Treasury yield, the benchmark for global borrowing costs, holding above the key 3 percent level for the fourth day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tractor maker Deere reported a rise in quarterly sales, but profits were dragged down by higher freight and material costs. Its shares were up 0.4 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The company's results reflect concerns of big U.S. manufacturers, which have warned of higher raw material costs amid a surge in commodity prices and rising interest rates.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Oil prices continued their surge, with Brent crude on track for the sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Nordstrom declined 8.1 percent after the upscale department store operator reported same-store sales that missed analysts' estimates. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 5-Oil prices set for sixth week of gains, India sounds alarm - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 08:25:02 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent rose above $80 on Thursday <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi Arabia makes assurances on supplies<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Force majeure on Nigeria's Bonny loadings<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BP sees oil prices falling to $50-$65 a barrel - Dudley <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices, adds BP price forecast<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Ahmad Ghaddar<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 18 (Reuters) - Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures rose by 51 cents to $79.81 a barrel at 1209 GMT. The benchmark broke through $80 for the first time since November 2014 on Thursday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. West Texas Intermediate crude futures were at $71.61 a barrel, up 12 cents and set for a third straight week of increase.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">British bank Barclays said it expected average prices of $70 per barrel for Brent this year and $65 a barrel for 2019, up from estimates of $63 and $60 previously.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Since last month, Venezuela's production decline, Trump's Iran sanctions decision, a new disruption in Nigeria, and anecdotal evidence from a new round of producer earnings require a price forecast revision," the bank said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising prices have already raised the alarm among big oil-consuming countries. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC kingpin Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil just as major consumer India expressed frustration with rising prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Saudi Energy Minister Khalid al-Falih called India's Petroleum Minister Dharmendra Pradhan to assure him that supporting global economic growth was "one of the kingdom's key goals", the Saudi Energy Ministry said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The International Energy Agency said oil inventories in the developed world had already dipped below the five-year average, a measure targeted by OPEC and its allies. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Beyond OPEC's cuts, strong demand, falling output from Venezuela and a U.S. announcement this month that it would renew sanctions against OPEC member Iran have helped push up Brent by 20 percent since the start of the year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. investment bank Jefferies said sanctions against Iran could remove more than 1 million barrels per day (bpd) from the market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Barclays said output from Venezuela could fall below 1 million bpd. The country, also an OPEC member, produced around 1.5 million bpd in April. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In Nigeria, Shell declared force majeure on Thursday on loadings of Bonny Light crude. Exports of the grade were expected to run at nearly 200,000 bpd in June. Nigeria's Forcados stream was also experiencing delays due to a pipeline leak. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BP, however, sees the rally cooling off. The oil major's Chief Executive Bob Dudley told Reuters he sees oil falling to between $50 and $65 a barrel due to surging shale output and OPEC's capacity to boost production. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Henning Gloystein; Editing by Dale Hudson and Susan Fenton)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold prices fall as dollar hits fresh peak; rebound seen - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 08:35:38 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold down over 2 pct for the week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar index hits fresh five-month high<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Benchmark U.S. yields near 7-year peak<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Adds more analyst comment, updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Eric Onstad<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 18 (Reuters) - Gold prices dipped on Friday, weighed down by a firmer dollar, but some traders said signs pointed to a rebound.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 0.2 percent at $1,287.71 per ounce at 1225 GMT, after hitting its lowest since Dec. 27 in the previous session at $1,285.41.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The metal was heading for its biggest weekly decline since early December.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery fell 0.2 percent to $1,287.30 per ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There are many drivers that are pointing to an upside in the precious metals, so we're buying into this weakness," said Gianclaudio Torlizzi, partner at consultancy T-Commodity in Milan.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The sentiment index in gold was indicating it was strongly oversold while the dollar was heavily overbought, while U.S. inflation measures were rising, he added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Data on Thursday showed a tightening U.S. labour market and factory activity in the mid-Atlantic region picking up, bolstering expectations the Federal Reserve will raise interest rates next month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We think there is room for a strong rally into the summer and we have a gold target of $1,430 by August," Torlizzi said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index rose to a fresh five-month peak on Friday as the benchmark U.S. Treasury yield hit the highest in nearly seven years. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The 10-year U.S. yields put the dollar on a firm foot and put pressure on metals and gold," said a Hong Kong-based trader, adding that some "risk-on" sentiment in markets today was also adding pressure.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A stronger greenback makes dollar-denominated gold more expensive for users of other currencies, while higher U.S. yields dampen the appeal of non-yielding bullion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The demands of populist parties likely to form Italy's next government, which promised on Friday to ramp up spending, could also support gold. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A debt crisis in Italy would have a far bigger impact than one in Greece. Gold would profit as a result," Commerzbank analysts said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold is still targeting $1,302 per ounce as it has stabilised around a support at $1,287, Reuters technical analyst Wang Tao said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other metals, silver shed 0.1 percent to $16.41 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palladium rose 0.2 percent to $979.50, while platinum dropped 0.3 percent to $883.30 per ounce after hitting a five-month low at $879 on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">All three metals were heading for weekly losses.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair in Bengaluru; Editing by Adrian Croft and Elaine Hardcastle) </span><span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper falls for first week in three while nickel rises - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 08:27:50 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with official prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Jan Harvey<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 18 (Reuters) - Copper fell on Friday, heading for its first weekly loss in three as uncertainties over the outlook for global growth and this week's burst of dollar strength weighed on prices. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Aluminium steadied after two days of losses, however, and nickel jumped more than 1 percent on expectations that rising numbers of electric vehicles would boost the metal's demand profile. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Right now we are in a bit of a vacuum, trying to figure out the direction of global growth," said Danske Bank analyst Jens Pedersen. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We have seen some softening of (manufacturing data) of late, so the question is whether it was just a soft first quarter or whether we are heading for a more mature cyclical downturn."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">While he was confident that manufacturing growth would pick up, Pedersen said that uncertainties remain over the China-U.S. trade dispute, the geopolitical situation and the dollar outlook. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"If the dollar continues to rise, which we don't expect, it would usually take its toll on commodity prices," he said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* COPPER: LME copper was down 0.9 percent in official midday trading at $6,817 a tonne, on track to end the week down 1.7 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* SPREADS: The spread between copper for immediate delivery and the three-month contract pulled back to its narrowest since October at $23 a tonne, down from $39 a tonne earlier this week, suggesting some tightening in the market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ALUMINIUM SPREADS: In aluminium, the spread between the same contracts held in backwardation - a forward curve structure indicative of market tightness, into which it flipped at the start of the week - to the tune of $10 a tonne. Particular tightness in the curve was seen in the July to August spread, which was last trading in a $24 backwardation. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ALUMINIUM PRICES: Three-month aluminium on the London Metal Exchange was untraded in official rings and was last bid at $2,293 a tonne, unchanged from Thursday's close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* ALUMINIUM STOCKS: Data on Friday showed on-warrant aluminium stocks in warehouses certified by the London Metal Exchange - those not earmarked for delivery, and thus available to the market - fell 28,725 tonnes after surging by 153,075 tonnes earlier in the week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* FINANCIAL MARKETS: The dollar hit a five-month high against a basket of currencies, buoyed by a further rise in U.S. Treasury yields that suggests an upbeat outlook for the world's largest economy. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">* NICKEL PRICES: LME nickel, also untraded in official rings, was last bid up 1.4 percent at $14,800 a tonne. "Discussions out of LME Week Asia have ... been positive, with the focus on the rising impact of the electric vehicle market boosting sentiment," ANZ said in a note. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OTHER METALS: LME zinc was down 0.4 percent in official trading at $3,083.50 a tonne. Lead and tin were both untraded in rings but were last bid 1 percent lower at $2,350 a tonne and 0.4 percent lower at $20,575 a tonne respectively. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Manolo Serapio Jr. in Manila<br> Editing by David Goodman)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 6 to 7 cents, corn up 3-4, soybeans up 3-5 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 09:27:40 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 18 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 6 to 7 cents per bushel <span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat moving higher for a fourth straight session on technical buying and worries about dry conditions in parts of North America and Australia, along with spillover strength from corn and soybeans. CBOT July wheat reached $5.07-3/4 in early moves, its highest since May 10.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Iraq's state grains board bought about 100,000 tonnes of hard wheat in a tender which closed this week, including some 50,000 tonnes from the United States and 50,000 from Australia, European traders said.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 6-1/2 cents at $5.04 per bushel. K.C. July hard red winter wheat last traded up 6 cents at $5.25 and MGEX July spring wheat was up 7-1/4 cents at $6.22 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 3 to 4 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn higher after China dropped its anti-dumping probe into imports of U.S. sorghum, raising expectations of increased demand for U.S. feed grains. However, the CBOT July contract stayed inside of Thursday's trading range in early moves. Support noted at the contract's 50-day moving average near $3.95.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China's purchases of U.S. corn have slowed due to worries the grain might be drawn into the trade spat between the world's two largest economies, and as Chinese customs keeps the brakes on clearances for cargoes, traders told Reuters. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last up 4 cents at $3.99-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 3 to 5 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans higher on optimism for progress in U.S. trade negotiations with China, the world's biggest soybean buyer, after Beijing dropped its anti-dumping probe into imports of U.S. sorghum. Upward momentum capped by news of cancellations of U.S. soybean sales.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA said private exporters reported cancellations of 949,000 tonnes of U.S. soybeans for delivery to unknown destinations, including 829,000 tonnes for 2017/18 delivery and another 120,000 tonnes for 2018/19. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA also said private exporters reported sales of 168,000 tonnes of U.S. soybeans to unknown destinations, including 56,000 tonnes for 2017/18 and 112,000 tonnes for 2018/19. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 4-1/2 cents at $9.99-1/2 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm climbs to 5-week high on stronger soy, crude oil - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 07:45:39 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Weaker ringgit also supportive of market - trader<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm may rise to 2,510 ringgit/tonne - technicals<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm charts 2nd straight weekly gain, up 2.9 pct<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Emily Chow<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">KUALA LUMPUR, May 18 (Reuters) - Malaysian palm oil futures rose as much as 1 percent on Friday to their highest in more than five weeks, tracking gains in related edible oils and crude oil, while a weaker ringgit also lent support.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange, however, pared some gains to end the day up 0.7 percent at 2,450 ringgit ($617.13) a tonne.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Earlier in the session, it rose as much as 1.2 percent to 2,462 ringgit, its highest since April 10. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm has added 2.9 percent this week in its second straight weekly gain. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 38,919 lots of 25 tonnes each on Friday evening.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The palm market is up on soyoil's upward move last night and a strong Dalian this morning," said a Kuala Lumpur-based trader, adding that West Texas Intermediate (WTI) futures briefly going above $72 and Brent crude futures above $80 also brought about some buying.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices are impacted by movements in crude oil, as the edible oil is used as feedstock to make biodiesel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude oil prices held firm on Friday on strong demand, supply cuts led by the Organization of the Petroleum Exporting Countries, and looming U.S. sanctions against oil exporter Iran. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A weaker ringgit could have supported palm, said another trader, as weakness in the Malaysian currency makes the vegetable oil cheaper for foreign buyers.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The ringgit, palm's currency of trade, weakened for a fourth straight session and was down 0.1 percent at 3.9700 per dollar. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other related oils, the Chicago July soybean oil contract was up 0.7 percent following a 1.1 percent gain on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The September soybean oil on China's Dalian Commodity Exchange was up 1.4 percent and the Dalian September palm oil contract rose 1.5 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is also impacted by movements in rival edible oils as they compete for a share in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil may break a resistance at 2,459 ringgit per tonne and rise to the April 6 high of 2,510 ringgit, according to Reuters market analyst for commodities and energy technicals Wang Tao.<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-31984450983051155632018-05-18T01:02:00.001+08:002018-05-18T01:02:50.597+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Oil surge spurs Wall St turnaround, sends Russell 2000 to record - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 12:08:22 AM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Energy stocks jump over 1 pct as oil tops $80<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Cisco, Walmart drop after earnings reports<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. expects China to bring proposal to trade talks<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Indexes up: Dow 0.12 pct, S&P 0.21 pct, Nasdaq 0.19 pct<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Changes comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 17 (Reuters) - Energy and industrial stocks led Wall Street higher on Thursday and the small-cap Russell 2000 hit a record, even as a rise in U.S. bond yields to fresh seven-year highs suggested more competition for equities and investors fretted over geopolitics.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The energy sector rose 1.41 percent, giving the benchmark S&P 500 the biggest boost, as Brent crude hit $80 per barrel for the first time since November 2014 as renewed U.S. sanctions threatened a fall in exports from Iran in an already tightening market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Smaller companies continued this year's trend of outperforming their larger rivals with the Russell 2000 reaching a record high for the second session in a row.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Data showed the number of Americans on unemployment rolls last week fell to the lowest since 1973. Other data showed a pickup in factory activity in the mid-Atlantic region this month, with manufacturers saying they were asking for higher prices for their products. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The industrial sector was up 0.61 percent, the second-biggest gainer among the 11 major S&P sectors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"You have kind of a mixed bag of earnings numbers ... the economic data generally speaking was pretty good and that's leading to a little bit of mild buying in the market," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On the Russell 2000, Nolte said, "I think you're starting to see people come into that because it's the only index that has put in a new high and you've got some interest."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 11:46 a.m. EDT, the Dow Jones Industrial Average was up 30.33 points, or 0.12 percent, at 24,799.26, the S&P 500 was up 5.79 points, or 0.21 percent, at 2,728.25 and the Nasdaq Composite was up 14.08 points, or 0.19 percent, at 7,412.37.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The three rate-sensitive sectors, real-estate, utilities and telecoms, were slightly lower.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The market had opened in the red, weighed by a drop in Cisco and on jitters as U.S. 10-year Treasury yields hovered at 7-year highs and the United States and China started trade talks to try to avert a damaging tariff war.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">White House Chief Economic Adviser Larry Kudlow expects China to bring a proposal to the talks which would "extend the conversation and permit additional negotiations".<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Keeping the gains in check were Cisco's 2.8 percent drop, the most on the Dow, after the company's forecast indicated its transition to a software-focused business was a work in progress.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Walmart slipped 1.1 percent, reversing premarket gains, after it said profit margins were under pressure, despite sales and earnings beating expectations.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">J.C. Penney tumbled 10.7 percent after its same-store sales missed estimates and the company cut its full-year profit forecast.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Advancing issues outnumbered decliners for a 1.55-to-1 ratio on the NYSE and for a 2.05-to-1 ratio on the Nasdaq.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P index recorded 22 new 52-week highs and four new lows, while the Nasdaq recorded 108 new highs and 20 new lows.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva and Shounak Dasgupta)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 8-Oil hits new multi-year high above $80/bbl on Iran concerns - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 11:34:01 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent futures at highest since November 2014<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global inventories expected to fall further<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC cuts and looming U.S. sanctions on Iran lift Brent<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shell halts exports from major Nigerian pipeline<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates throughout, changes dateline, previously LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Jessica Resnick-Ault<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 17 (Reuters) - Oil prices climbed above $80 a barrel on Thursday for the first time since November 2014, hitting new multi-year highs on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The market continued to push higher as geopolitical concerns drove trading.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We are going to have reduced supplies from Iran in six months and Venezuela hasn't shown that they can stop the drop in their supplies," said Gene McGillian, vice president of research at Tradition Energy." <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures reached an intraday high of $80.33 a barrel before receding to $80.16 by 11:09 a.m. EDT [1509 GMT]. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. West Texas Intermediate (WTI) crude futures were up 41 cents at $71.90 after also hitting their highest since November 2014, at $72.30 a barrel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. President Donald Trump's decision this month to withdraw from an international nuclear deal with Iran and revive sanctions that could limit crude exports from OPEC's third-largest producer has boosted oil prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">France's Total warned on Wednesday that it might abandon a multibillion-dollar gas project in Iran if it could not secure a waiver from U.S. sanctions, casting further doubt on European-led efforts to salvage the nuclear deal.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">VENEZUELA DROP<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A rapid decline in Venezuela's crude production has further roiled markets in recent months.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The geopolitical noise and escalation fears are here to stay," said Norbert Rücker, head of macro and commodity research at Swiss bank Julius Baer. "Supply concerns are top of mind after the United States left the Iran nuclear deal."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global inventories of crude oil and refined products dropped sharply in recent months owing to robust demand and OPEC-led production cuts.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Oil stocks were expected to drop further as the peak summer driving season nears, offsetting increases in U.S. shale output, Bernstein analysts said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Several banks have in recent days raised their oil price forecasts, citing tighter supplies and strong demand.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Further supporting prices, Royal Dutch Shell on Thursday said it was halting crude exports from a major Nigerian pipeline.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">EVERYTHING BULLISH?<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On the flip-side, however, high oil prices could hit consumption, the International Energy Agency warned on Wednesday as it lowered its global oil demand growth forecast for 2018 to 1.4 million barrels per day (bpd) from 1.5 million bpd. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The IEA said global oil demand would average 99.2 million bpd in 2018, although U.S. bank Goldman Sachs said consumption would cross 100 million bpd "this summer". <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Leading production increases is the United States, where crude output has soared by 27 percent in the last two years to a record 10.72 million bpd, putting it within reach of top producer Russia's 11 million bpd.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The result has been a widening difference between U.S. crude and benchmark Brent. WTI traded at $8.20 a barrel below Brent on Thursday, the most since April 2015. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Henning Gloystein in Singapore and Ron Bousso in London; Editing by Dale Hudson and David Goodman)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold slides to 2018 low as dollar strengthens - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 09:57:22 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. 10-year Treasury yield touches seven-year high<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum slips to lowest since mid December<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Update prices, adds comment)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Jan Harvey<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 17 (Reuters) - Gold slid to a fresh low for the year on Thursday as another rise in U.S. bond yields and concerns over political risk in Italy held the dollar index near its 2018 peak.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The precious metal has fallen more than 2 percent this week on gains in the U.S. currency and a rise in U.S. 10-year Treasury yields to seven-year highs. Higher yields increase the opportunity cost of holding non-yielding assets such as bullion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 0.1 percent at $1,289.34 an ounce by 1450 GMT, off an earlier 4-1/2 month low of $1,285.41. U.S. gold futures for June delivery were down $2.80 at </span><span lang="EN" style="font-size:10pt;font-family:"Courier New"">$1,288.70.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar has climbed nearly 4 percent this quarter on expectations that the Federal Reserve will lift U.S. interest rates further this year to curb inflation, at a time when other central banks are still keeping monetary policy loose. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I expect further weakness in gold prices because I think the dollar can rise a bit further," ABN Amro analyst Georgette Boele said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold prices are mainly driven by the U.S. dollar and then U.S. yields ... our year-end 10-year U.S. Treasury forecast stands at 3.2 percent, with three more Fed rate hikes."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro remains under pressure, hovering near a five-month low on concerns that political developments in Italy could cause wider disruption in the common currency bloc.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Political uncertainty arising out of North Korea after Pyongyang threatened to pull out of a meeting with the United States was likely to limit downside for gold, analysts said. But that was not enough to offset other factors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The precious metal still remains vulnerable to the prevailing dollar and rate headwinds," INTL FCStone said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">From a technical perspective, gold prices were looking vulnerable to further losses after breaking below key chart levels this week, according to analysts who study past price moves to determine the future direction of trade.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold has eroded key support, namely the 200-day moving average, the $1,302.74 March low and the 50 percent retracement (of the December-to-January rally)," Commerzbank said in a note on technicals. "We have been forced to neutralise our outlook as the market is now on the defensive."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other precious metals, silver was up 0.6 percent at $16.45 an ounce, having touched its lowest in two weeks at $16.17 in the previous session.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum was flat at $887.30, off an earlier five-month low of $879, while palladium rose by 0.5 percent to $985.20.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair in Bengaluru Editing by David Goodman and Edmund Blair) </span><span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">U.S. Cash Grains-Interior corn steady-firm on slow farmer sales - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">18-May-2018 12:31:39 AM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 17 (Reuters) - Spot corn basis bids were mostly steady to firm at processors and interior elevators around the U.S. Midwest on Thursday on slow farmer sales, while bids at river elevators were mixed, merchants said.<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot soybean basis bids were narrowly mixed amid a slowdown in farmer sales. Wheat basis bids were flat.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Midwest farmers are racing to plant corn and soybeans and focusing little on selling crops. Cash prices are below many growers' sales price targets.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn export sales last week were near the high end of a range of trade estimates, but soybean sales were near the low end of expectations, according to U.S. Department of Agriculture data. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chicago Board of Trade corn and soybean, futures were little changed on Thursday.<span></span></span></li> </ul> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></h1> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></h1> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></h1> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">17-May-2018 11:37:46 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-advisory" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, updates with U.S. trading, adds new analyst quote, changes byline, dateline; pvs PARIS/SINGAPORE<span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Mark Weinraub<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 17 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U<span class="gmail-tr-strong">.S. wheat futures rallied on Thursday, their third straight day of gains, on worries that adverse weather will lead to crop shortfalls in key growing areas around the world, traders said.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn and soybean futures were close to unchanged as traders assessed how forecasts for rain would affect planting in the U.S. Midwest in the coming week.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The grain markets also were monitoring the progress of trade talks between the United States and key export customers China and Mexico.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chicago Board of Trade soft red winter wheat futures rallied through key technical resistance points after weakness in the overnight trading session brought out some short-covering and bargain buying.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There's still plenty of concern over how this winter wheat crop will wind up, despite stronger-than-expected production estimates and rising ratings," Matt Zeller, director of market information at INTL FCStone said in a note to clients. "Dryness is creeping in to crops for major producers/exporters Australia and Russia, adding to at least a minor bullish story heading to 2018/19."</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Australian farmers are planting wheat in some of the driest soils in years, following on from a severe drought that cut 2017/18 output in the world's fourth-largest exporter to the lowest in a decade.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 10:27 a.m. CDT (1527 GMT), CBOT July soft red winter wheat was up 6-3/4 cents at $5.01 a bushel. </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There is some support for the wheat market at current levels because of a drought in the U.S. southern Plains. The USDA is showing some improvement in crop rating but there will be yield losses," said one India-based agricultural commodities analyst.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybean futures were up 1/2 cent $10.06-1/2 a bushel. </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The soybean market is focused on the outcome of trade talks between the United States and China. Chinese demands for U.S. shipments have taken a hit since Beijing proposed import duties last month.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China's U.S. trade surplus and greater protections for intellectual property.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">C<span class="gmail-tr-strong">BOT July corn futures dipped 3/4 cent to $3.98-1/2 a bushel.</span><span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore<br> Editing by David Goodman and Tom Brown)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Dollar rises to 4-month high vs yen on higher U.S. Treasury yields - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 10:49:34 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro struggles near $1.18 mark<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar rise leaves Yen at weakest since January<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, updates prices in text, adds comment, FX table, changes byline, dateline; previous LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Gertrude Chavez-Dreyfuss<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 17 (Reuters) - The dollar climbed to a four-month peak against the yen on Thursday, bolstered by the rise in U.S. Treasury yields that suggests a more upbeat outlook for the world's largest economy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. benchmark 10-year yields hit a high of 3.122 percent, the highest in nearly seven years.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The near-term picture remains positive for the dollar with Treasury yields showing few signs of topping, a move that makes the buck a more enticing bet to income-seekers," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising yields reflect continued optimism about the U.S. economy, reinforcing expectations that the Federal Reserve would raise borrowing rates at least two more times this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar rose to its strongest versus the Japanese yen since Jan. 23 at 110.80 yen. It was last at 110.71, up 0.3 percent on the day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index rose 0.1 percent to 93.461, below its 2018 high of 93.632.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro, meanwhile, fell to near a five-month low against the dollar on Thursday on concerns about the demands of populist parties likely to form Italy's next government.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Italy's anti-establishment 5-Star Movement and the anti-immigrant League, which are working to draft a coalition program, may ask the European Central Bank to forgive 250 billion euros of debt.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But broader Italian markets held up better on Thursday as investors played down the broader impact on euro zone political stability and questioned whether the Italian parties would really follow through on such plans.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro slipped to $1.1799, just above the $1.1763 2018 low it hit on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro has slumped six cents from more than $1.24 in three weeks after a huge dollar rally. Investors are betting U.S. interest rates will need to rise further, while other central banks are postponing monetary tightening.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That has forced investors who took big positions against the dollar anticipating a fall in 2018 to unwind and cover their positions, pushing the greenback even higher.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"This sense of a market that is not particularly well prepared for a euro decline is supported by the benign valuations still evident in the pricing of six-month and 12-month implied volatility," BNY Mellon analysts said in a note, referring to prices of a measure of expected swings in the value of the euro.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sterling gave up earlier gains after the UK government dismissed a media report that Britain wanted to stay in the European Union's customs union after Brexit.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Tommy Wilkes in London<br> Editing by Susan Thomas)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-75054188264348787022018-05-17T22:04:00.000+08:002018-05-17T22:05:13.273+08:0020180517 FKLI Futures Technical View<div dir="ltr"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7GIhYdf0wahDqp-oNR8OGPPvkNtk_uaPnMqXLxfyn6JsJu5zhYJhVTxxxnNPdl3W0vP8vORn9BfWDVqPM-1xzfC8d_PHY595VYIOPBpLudR9ijNgCPSL2WcfV4m60RpDR8N8tbxdx_1w/s1600/image-713305.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7GIhYdf0wahDqp-oNR8OGPPvkNtk_uaPnMqXLxfyn6JsJu5zhYJhVTxxxnNPdl3W0vP8vORn9BfWDVqPM-1xzfC8d_PHY595VYIOPBpLudR9ijNgCPSL2WcfV4m60RpDR8N8tbxdx_1w/s320/image-713305.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6556550674082177218" /></a><br> <div><br></div><div>FKLI Technical: <br>Struggling to sustain above middle Bollinger band. <br>After volatile session on Monday, market seem stabilizing. <br>A break below 1800 could see further downside. Else, range bound market until fresh catalyst emerge. </div></div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-24536080155984226652018-05-17T21:39:00.000+08:002018-05-17T21:40:29.516+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">WRAPUP 1-U.S. weekly jobless claims rise; mid-Atlantic factory activity picks up - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 09:13:34 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Weekly jobless claims increase 11,000<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Continuing claims drop 87,000<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mid-Atlantic factory activity accelerates<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Lucia Mutikani<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WASHINGTON, May 17 (Reuters) - New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Other data on Thursday showed a pickup in factory activity in the mid-Atlantic region this month, with manufacturers saying they were asking for higher prices for their products. Tightening labor market conditions and firming inflation bolster expectations the Federal Reserve will raise interests rates next month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 222,000 for the week ended May 12, the Labor Department said. Claims data for the prior week was unrevised. Economists polled by Reuters had forecast claims rising to 215,000 in the latest week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The labor market is viewed as being close to or at full employment, with the jobless rate near a 17-1/2-year low of 3.9 percent. The unemployment rate is within striking distance of the Fed's forecast of 3.8 percent by the end of this year. The U.S. central bank raised rates in March and forecast at least two more hikes for this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. Treasury yields were little changed after the data. U.S. stock index futures were trading lower while the dollar was slightly higher against a basket of currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The four-week moving average of initial claims, viewed as a better measure of labor market trends as it irons out week-to-week volatility, fell 2,750 to 213,250 last week, the lowest level since December 1969. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The claims data covered the survey period for the nonfarm payrolls portion of May's employment report.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SHRINKING LABOR MARKET SLACK<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The four-week average of claims fell 18,250 between the April and May survey periods, suggesting solid job growth. Nonfarm payrolls increased by 164,000 jobs in April after rising by 135,000 in March. Job gains are slowing as employers struggle to find skilled workers.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">There were a record 6.6 million unfilled jobs in March, according to government data published last week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The claims report also showed the number of people receiving benefits after an initial week of aid declined 87,000 to 1.71 million in the week ended May 5, the lowest level since December 1973. The four-week moving average of the so-called continuing claims dropped 39,750 to 1.77 million, also the lowest level since December 1973. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Declining continuing claims underscore tightening labor market conditions and support economists' expectations that wage growth will accelerate in the second half of the year. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In a separate report on Thursday, the Philadelphia Fed said its manufacturing business outlook survey's current general activity index rose about 11 points to a reading of 34.4 in May. Manufacturers in the mid-Atlantic region reported hiring more workers this month. The survey's employment index rose to a seven-month high.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A measure of prices paid by factories in the region fell, but the survey's prices received index rose to its highest reading since February 1989.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Lucia Mutikani<br> Editing by Paul Simao)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St set to open lower as bond yields rise, Cisco weighs - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 09:08:20 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">10-yr Treasury yields hit 7-yr high as oil tops $80<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Cisco drops after disappointing forecast<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Walmart rises, J.C. Penny plunges after results <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sino-U.S. trade talks resume on Thursday<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures dip: Dow 0.15 pct, S&P 0.21 pct, Nasdaq 0.53 pct<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices, adds investor comment<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 17 (Reuters) - Wall Street was on pace to open lower on Thursday, weighed down by U.S. Treasury yields hitting fresh seven-year highs and Cisco's disappointing forecast, while looming Sino-U.S. trade talks added to the jitters.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ten-year U.S. government Treasury yield, a key driver of global borrowing costs, hit a high of 3.1 percent as more expensive oil pointed to faster inflation and followed some upbeat U.S. retail sales numbers.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Oil prices hit $80 per barrel for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There's a lot of chatter that the 10-year is somehow going to explode to the upside, that's why its getting everybody's attention," Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There is a lot of worry out there that might be reflected in the market ... and trade is the icing on the cake."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The United States and China will resume negotiations over the next two days to resolve their differences over trade, and officials from both sides have recently signaled that they are looking for a deal.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Japan is considering tariffs on U.S. exports worth $409 million in retaliation against U.S.-imposed steel and aluminum import tariffs, according to media reports. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Cisco, a component of all three major U.S. indexes, fell 3.9 percent in premarket trading after the company's disappointing forecast indicated its transition to a software-focused business was a work in progress.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:46 a.m. ET, Dow e-minis were down 37 points, or 0.15 percent. S&P 500 e-minis were down 5.75 points, or 0.21 percent and Nasdaq 100 e-minis were down 36.75 points, or 0.53 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Walmart rose 1.7 percent after the retailer posted a rebound in its U.S. e-commerce business and beat profit and revenue expectations.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, J.C. Penney Co tumbled 10.4 percent after its same-store sales missed estimates and the company warned its could post a loss this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">J.C. Penney's results come a day after fellow department store operator Macy's strong report helped drive the small-cap Russell 2000 index to a record high.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Coca-Cola rose 0.8 percent after Barclays upgraded the stock to "overweight."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NetEase dropped 8.8 percent after the Chinese internet company's first-quarter profit missed Wall Street estimates.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">On the economic front, data showed new applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to the lowest since 1973, pointing to diminishing labor market slack. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 6-Oil hits $80, highest since Nov 2014, on Iran concerns - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 07:24:36 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent futures at highest since November 2014<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global inventories expected to fall further<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC cuts, looming U.S. sanctions against Iran lift Brent<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Asia's oil spending has doubled since 2015/16 price lows<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Ron Bousso<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 17 (Reuters) - Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures reached an intraday high of $80.18. They were up 58 cents at $79.86 as of 1110 GMT. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. West Texas Intermediate (WTI) crude futures were up 57 cents at $72.06 a barrel, also their highest since November 2014.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">President Donald Trump's decision this month to withdraw the United States from an international nuclear deal with Iran and revive sanctions that could limit crude exports from OPEC's third-largest producer has given strong tailwind to oil prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">France's Total on Wednesday warned it might abandon a multi-billion-dollar gas project in Iran if it could not secure a waiver from U.S. sanctions, casting further doubt on European-led efforts to salvage the nuclear deal. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A rapid decline in Venezuela's crude production has further roiled markets in recent months.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The geopolitical noise and escalation fears are here to stay," said Norbert Rücker, head of macro and commodity research at Swiss bank Julius Baer. "Supply concerns are top of mind after the United States left the Iran nuclear deal."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global inventories of crude oil and refined products dropped sharply in recent months due to robust demand and production cuts by the world's top producing countries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Oil stocks were expected to drop further as the peak summer driving season nears, offsetting increases in U.S. shale output, said analysts at Bernstein.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"While the sharp rise in U.S. production and rig count has raised questions on the sustainability of inventory draws through 2018, we believe that inventories will continue to draw as we enter the summer driving season in 2018," they said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Several banks have in recent days raised their oil price forecasts, citing tighter supplies and strong demand. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">EVERYTHING BULLISH?<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But high oil prices could hit consumption, the International Energy Agency warned on Wednesday, lowering its global oil demand growth forecast for 2018 to 1.4 million from 1.5 million barrels per day (bpd). <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Asia's demand is at record highs and with rising prices its crude could cost $1 trillion this year, about twice what it paid during the market lull of 2015/2016.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The IEA said global oil demand would average 99.2 million bpd in 2018, although U.S. bank Goldman Sachs said consumption would cross 100 million bpd "this summer". <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Leading production increases is the United States, where crude output has soared by 27 percent in the last two years to a record 10.72 million bpd, putting it within reach of top producer Russia's 11 million bpd.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Henning Gloystein in Singapore; Editing by Dale Hudson and Jason Neely)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold slides to fresh 2018 low as dollar strengthens - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 08:02:02 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. 10-year Treasury yield touches seven-year high<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Further weakness in gold price likely - ABN Amro analyst<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Jan Harvey<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 17 (Reuters) - Gold slid to a fresh low for the year on Thursday as another rise in U.S. bond yields and concerns over political risk in Italy held the dollar index near its 2018 peak.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The precious metal has fallen more than 2 percent this week on gains in the U.S. currency and a rise in U.S. 10-year Treasury yields to seven-year highs. Higher yields increase the opportunity cost of holding non-yielding assets such as bullion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 0.2 percent at $1,288.25 an ounce by 1145 GMT, off an earlier 4-1/2 month low of $1,285.41 an ounce. U.S. gold futures for June delivery were down $4.00 at $1,287.50.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar has climbed nearly 4 percent this quarter on expectations that the Federal Reserve will lift U.S. interest rates further this year to curb inflation, at a time when other central banks are still keeping monetary policy loose. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"I expect further weakness in gold prices because I think the dollar can rise a bit further," ABN Amro analyst Georgette Boele said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold prices are mainly driven by the U.S. dollar and then U.S. yields ... our year-end 10-year U.S. Treasury forecast stands at 3.2 percent, with three more Fed rate hikes."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro remains under pressure, hovering near a five-month low on concerns that political developments in Italy could cause wider disruption in the common currency bloc.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Political uncertainty arising out of North Korea after Pyongyang threatened to pull out of a meeting with the United States was likely to limit downside for gold, analysts said. But that was not enough to offset dollar strength.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">From a technical perspective, gold prices were looking vulnerable to further losses after breaking below key chart levels this week, according to analysts who study past price moves to determine the future direction of trade.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold has eroded key support, namely the 200-day moving average, the $1,302.74 March low and the 50 percent retracement (of the December-to-January rally)," Commerzbank said in a note on technicals. "We have been forced to neutralise our outlook as the market is now on the defensive."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among other precious metals, silver was up 0.3 percent at $16.40 an ounce, having touched its lowest in two weeks at $16.17 in the previous session.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum was down 0.2 percent at $885.60 an ounce, off an earlier five-month low of $880.50, while palladium was 0.2 percent lower at $981.80 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair in Bengaluru Editing by David Goodman and Edmund Blair) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm rises on bargain-hunting, weaker ringgit - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 08:49:36 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm earlier fell to 2,399 rgt/tonne, lowest in over one week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soyoil gains added to palm's rise - trader<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices, quote<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Emily Chow<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">KUALA LUMPUR, May 17 (Reuters) - Malaysian palm oil futures recovered from a one-week low on Thursday and ended trading higher on the back of bargain-buying and a weaker ringgit, its currency of trade.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gains in the Chicago Board of Trade soyoil also lent support to the market, said traders.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.8 percent at 2,432 ringgit ($613.06) a tonne at the close of trade. Earlier in the session, it hit the lowest since May 8 at 2,399 ringgit. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 45,537 lots of 25 tonnes each at the on Thursday evening.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A weaker ringgit is seen supporting the market," said a Kuala Lumpur based trader, as a weaker ringgit typically makes palm oil cheaper for holders of foreign currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The ringgit fell 0.1 percent on Thursday evening to 3.9670 per dollar. It has lost 0.5 percent since the start of the week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders said the market rose earlier on bargain hunting gains in U.S. soyoil but lacked bullish news for long-term support.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We're seeing some bargain-hunting, but it seems like the market has no supportive news to push it higher," said a futures trader in Kuala Lumpur.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Demand for Malaysian palm oil has waned in recent weeks, according to export data from industry players. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Exports in the first half of May fell 13.7 percent-14.9 percent from a month earlier, showed data from inspection company AmSpec Agri Malaysia and cargo surveyor Societe Generale de Surveillance. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The demand slowdown could be attributed to Malaysia's resumption of a crude palm oil export tax, which was set at 5 percent for May following four months of suspension, said traders.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In related oils, the Chicago July soybean oil contract was up 0.5 percent on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is impacted by movements in rival edible oils as they compete for a share in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 7 to 10 cents, corn up 1-2, soybeans up 4-5 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 09:25:58 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 17 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 7 to 10 cents per bushel <span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat heading higher for a third session on technical buying including short-covering, along with concerns about dry weather curbing yields in North America, Australia and Russia. Traders also noting damage from wind and hail storms this week in parts of Kansas.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported export sales of U.S. wheat in the week to May 10 at 194,800 tonnes (old and new crop combined), in line with trade expectations for 100,000 to 500,000 tonnes. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 9-1/2 cents at $5.03-3/4 per bushel. K.C. July hard red winter wheat last traded up 8-3/4 cents at $5.22-3/4 and MGEX July spring wheat <span> </span>was up 7-1/4 cents at $6.18-1/2 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 1 to 2 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn higher in rangebound trade, led by strength in wheat. The CBOT July contract stayed inside of Wednesday's trading range.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported export sales of U.S. corn in the week to May 10 at 1,114,900 tonnes (old and new crop combined), in line with trade expectations for 750,000 to 1,200,000 tonnes. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last up 2 cents at $4.01-1/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Up 4 to 5 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans higher in a technical bounce after the CBOT July contract dipped to $9.98, its lowest since April 4, after closing below $10 on Wednesday. Traders await news about U.S. trade negotiations with China, the world's biggest soybean buyer. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported export sales of U.S. soybeans in the week to May 10 at 506,600 tonnes (old and new crop combined), in line with trade expectations for 400,000 to 1,000,000 tonnes. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA reported weekly export sales of soymeal at 421,700 tonnes, topping trade expectations. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Through its daily reporting system, the USDA said private exporters sold 132,000 tonnes of U.S. soybeans to unknown destinations for 2017/18 delivery. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last up 5-1/4 cents at $10.05 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Euro falls towards 5-month lows on Italian concerns and U.S. bond yield rise - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">17-May-2018 07:52:39 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro struggles near $1.18 mark<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar rise leaves Yen at weakest since January<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Emerging market currencies suffer more falls overnight<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Tommy Wilkes<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 17 (Reuters) - The euro fell towards a five-month low on Thursday as investors fretted about the demands of populist parties likely to form Italy's next government and as a fresh rise in U.S. Treasury bond yields underpinned demand for the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro has slumped six cents from more than $1.24 in the space of three weeks after a huge dollar rally. Investors are betting that U.S. interest rates will need to rise further to curb inflation while other central banks are postponing monetary tightening.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">That has forced investors who took big positions against the dollar anticipating it would fall in 2018 to rush to unwind and cover their positions, pushing the greenback even higher.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some analysts say the market remains complacent about the possibility of a rising dollar, which also notched up a four-month high against the Japanese yen on Thursday as 10-year Treasury yields approached their highest since 2011.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro slid 0.2 percent to $1.1787, slightly above the $1.1763 2018 low it hit on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"This sense of a market that is not particularly well prepared for a euro decline is supported by the benign valuations still evident in the pricing of six-month and 12-month implied volatility," BNY Mellon analysts said in a note, referring to prices of a measure of expected swings in the value of the euro.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index rose 0.1 percent to 93.502, below its 2018 high of 93.632. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro is also suffering from reports Italy's anti-establishment 5-Star Movement and the anti-immigrant League, which are working to draft a coalition programme, may ask the European Central Bank to forgive 250 billion euros of debt.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But broader Italian markets held up better on Thursday as investors played down the broader impact on euro zone political stability and questioned whether the Italian parties would really follow through on such plans.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The sheer outlandishness of some leaked plans helped ease investor concerns a bit. The would-be coalition's denials that leaked draft policies were ever concrete plans also helped smooth markets," said Ken Odeluga, an analyst at City Index.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sterling gave up earlier gains after the UK government dismissed a media report that Britain wanted to stay in the European Union's customs union after Brexit.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar rose to its strongest versus the Japanese yen since Jan. 23, up 0.3 percent on the day at 110.70 yen.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Australian dollar added 0.1 percent to $0.7524 after gaining 0.6 percent overnight, buoyed by a rise in prices of commodities such as copper. Other commodity-linked currencies like the Canadian dollar also advanced.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Volatile emerging market currencies, the biggest losers from the dollar's recovery, took another beating.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rising Treasury yields have enhanced the dollar's appeal and raised global borrowing costs. For emerging markets with current account deficits that means higher costs and the risk of fund outflows and their currencies declining further, analysts say.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Indonesian rupiah recovered from its weakest since October 2015 after the central bank raised its interest rate for the first time since 2015 to boost the fragile currency.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brazil's real dropped to a two-year low against the dollar overnight<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Turkish lira and Argentine peso, which have been at the heart of the emerging market selloff, both slumped again but traded above record lows hit earlier in the week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Editing by Catherine Evans)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-1718220442260286252018-05-17T01:21:00.000+08:002018-05-17T01:22:28.412+08:00Stocks & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-S&P, Nasdaq climb on retail, chip gains - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 11:59:04 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Macy's jumps after results, lifts other retail stocks<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Micron, AMD rise after brokerage actions<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Indexes up: Dow 0.01 pct, S&P 0.16 pct, Nasdaq 0.34 pct<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Changes comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 16 (Reuters) - Wall Street edged higher on Wednesday, helped by gains in retail and chip stocks, while investors weighed the impact of rising bond yields.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Investors are worried about a faster rise in interest rates as the U.S. 10-year Treasury yield hovered near seven-year high on signs that the U.S. economy is on a stronger footing in the second quarter. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Higher rates are going to present headwind to equity markets. Even with strong economic data, strong earnings, the markets are still flat year to date," said Michael James, managing director of Institutional Equity Trading at Wedbush Securities in Los Angeles.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The question remains what multiples are people willing to pay for equities in this higher rate environment."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The retailing index was boosted by a 9 percent surge in Macy's shares after the department store operator reported strong quarterly results and lifted its full-year profit forecast.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of rivals Kohl's and Nordstrom were up about 1 percent each. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"You had pretty solid numbers from Macy's and it has been an early trigger for outperformance in the retail space today," James said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 11:19 a.m. EDT the Dow Jones Industrial Average was down 1.75 points, or 0.01 percent, at 24,704.66, the S&P 500 was up 4.36 points, or 0.16 percent, at 2,715.81 and the Nasdaq Composite was up 24.80 points, or 0.34 percent, at 7,376.43.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Micron rose 4.3 percent after RBC Capital Markets began coverage of the stock with an "outperform" rating.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Philadelphia SE semiconductor index rose 1 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Advancing issues outnumbered decliners for a 1.43-to-1 ratio on the NYSE and for a 1.60-to-1 ratio on the Nasdaq.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P index recorded 10 new 52-week highs and three new lows, while the Nasdaq recorded 83 new highs and 31 new lows.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 7-Oil slips as dollar gains, demand shows signs of weakening - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 11:41:37 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stocks fall by 1.4 million barrels -EIA<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Physical spot cargoes trade at discount to financial crude<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global oil demand likely to moderate this year -IEA<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts throughout, changes byline, updates dateline previous LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Ayenat Mersie<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 16 (Reuters) - Oil prices slipped on Wednesday, as a strengthening dollar overshadowed a U.S. crude inventory report that showed domestic crude stocks falling more than expected. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures were down 31 cents at $77.43 a barrel by 11:17 a.m. EDT (1517 GMT), while U.S. crude futures fell 30 cents to $71.01 a barrel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar firmed to nearly a five-month high against a basket of other major currencies on Wednesday. A stronger greenback makes it more expensive to buy dollar-denominated commodities like oil.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The only reason why we're not seeing higher prices from here today is the strength of the U.S. dollar," said Tariq Zahir, managing member at Tyche Capital Advisors. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stocks fell last week as exports hit a new one-week record, while inventories of both gasoline and distillates fell, the Energy Information Administration said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Crude inventories fell by 1.4 million barrels in the week to May 11, compared with analysts' expectations for a decrease of 763,000 barrels. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"All in all, the report is bullish. Oil stocks fell across the board and in some cases more than expected, whilst rising exports point to healthy demand for U.S. crude," Commerzbank analyst Carsten Fritsch said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Physical crude markets are sagging under the weight of unsold barrels of oil, while the 50 percent rise in oil prices in the last year is encouraging major companies such as ExxonMobil, Royal Dutch Shell, Chevron, BP and Total to increase output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot crude oil cargo prices are at their steepest discounts to futures prices in years as sellers struggle to find buyers for West African, Russian and Kazakh cargoes, while pipeline bottlenecks trap supply in West Texas and Canada. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The International Energy Agency on Wednesday warned global demand is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In its monthly report, the Paris-based IEA cut its forecast for global demand growth in 2018 to 1.4 million barrels per day, from a previous estimate of 1.5 million bpd. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"On balance, the report is tending more to the negative side. Demand for oil has been revised downwards for the second half of the year from April," PVM Oil Associates strategist Tamas Varga said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Amanda Cooper in LONDON and Henning Gloystein in SINGAPORE; Editing by Mark Potter and Paul Simao)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold steadies after biggest tumble since 2016 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 10:27:55 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar hits 2018 peak<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. bond yields slip from highs<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold fell 1.7 pct on Tuesday<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Technicals suggest further losses<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Peter Hobson<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 16 (Reuters) - Gold prices steadied on Wednesday after falling to their lowest since December as the dollar rallied to 2018 highs and U.S. bond yields sat near multi-year peaks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The metal had suffered its biggest single-day loss since November 2016 when it fell 1.7 percent on Tuesday after strong U.S. retail sales data sent the dollar and yields soaring. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold's declines were accelerated by technical selling as it crashed below its 200-day moving average and the psychologically significant $1,300-an-ounce mark.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was flat at $1,289.86 an ounce by 1417 GMT, having gone as low as $1,286.20, its weakest since Dec. 27.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery were 0.1 percent down at $1,289.20.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Rising U.S. bond yields and a stronger dollar were factors behind gold's decline below the $1,300 level, said National Australia Bank economist John Sharma.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The slight pick-up suggests there might have been some opportunistic buying on the part of investors."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A stronger dollar hurts gold by making it more expensive for holders of other currencies, while higher bond yields make non-yielding bullion less attractive to investors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The strong U.S. retail data also suggested that the Federal Reserve will be confident about raising U.S. interest rates. That is bad for gold because higher rates push up bond yields and tend to boost the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is likely to fall to $1,275 by the end of June and $1,250 by the end of the year as U.S. yields and the dollar strengthen, said ABN AMRO analyst Georgette Boele. That is below the $1,310-$1,360 range gold has inhabited since January.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It held up for so long on such a high level. Now you are below $1,300 and the 200-day moving average; people who hold long positions are a little bit nervous," she said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Technical and momentum indicators suggested that gold could fall to about $1,278, ScotiaMocatta analysts said. Fibonacci support for the metal was at $1,287, they added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is traditionally used as a safe place to park assets during times of uncertainty, but investors largely disregarded news that North Korea could reconsider attending a planned summit between Kim Jong Un and U.S. President Donald Trump next month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There are lot of geopolitical risks, but people are just used to it. Therefore it has not become a big driver for gold," said Argonaut Securities analyst Helen Lau.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, silver was up 0.4 percent at $16.30 an ounce after falling 1.6 percent on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum eased by 0.2 percent to $891.40 and palladium gained 0.3 percent to $984.97.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair and Eileen Soreng in Bengaluru <br> Editing by Jane Merriman and David Goodman) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">European feeds-Soymeal dips on higher dollar, weaker CBOT futures - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">17-May-2018 01:12:47 AM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">ROTTERDAM, May 16 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soymeal on the European meals and feeds market dropped substantially on Wednesday on the back of a strong dollar and because of technical weakness in CBOT soymeal futures. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">South American soymeal was offered between $4 and $11 a tonne down from Tuesday. A strong dollar weighed on products priced in that currency. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Rapemeal was offered between unchanged and three euros per tonne lower. Easier rapeseed futures took their cue from weaker CBOT soybean futures. Lower soymeal prices and lack of demand also weighed, while a strong dollar, which underpins euro-priced products, limited losses.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Recent volatility and uncertainty which the direction the market will move in the near future discourages players from doing business at the moment," one broker said.<span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Karel Luimes; Editing by Elaine Hardcastle)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">Chicago soybean futures drop sharply on uncertainty of trade consultations - Xinhua News Agency <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">17-May-2018 12:16:10 AM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 16 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded mixed on Wednesday morning, with soybean futures dropping sharply on uncertainty of China-U.S. trade consultations.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">July corn was 1.5 cents lower at 3.985 U.S. dollars per bushel as of 1550 GMT, July wheat was 1.25 cents higher at 4.9475 dollars, July soybean was down 14 cents at 10.0475 dollars.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat futures were higher on adverse weather globally. The drought in the U.S. Southern Plains is severe with much of hard red winter wheat belt suffering from an exceptional or extreme drought, according to the U.S. Drought Monitor.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">As for international market, showers are slated to fall across the winter corn areas of South America through the weekend. Black Sea winter wheat areas will receive near normal rain over the next 10 days with dryness deepening a drought across Australia. The Canadian Prairies are turning parched and will have to be closely monitored. <span></span></span></p> <p class="gmail-tr-copyright" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">Copyright (c) 2018 Xinhua News Agency<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Dollar extends rally to five-month high; euro weak - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 10:22:56 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Reports Italian parties seeking debt forgiveness hits euro<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Emerging markets currencies face renewed selling pressure<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, updates rates, adds new comments, changes dateline from LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Saqib Iqbal Ahmed<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 16 (Reuters) - The dollar extended its rally against a basket of currencies on Wednesday to touch a five-month high, supported by relatively strong U.S. economic data in recent days, while the euro was hit by reports that a likely future Italian government would seek debt forgiveness from European creditors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index, which measures the greenback against a basket of six other currencies, was up 0.14 percent at 93.352, after rising as high as 93.632, its highest since December 19.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The greenback has risen about 1.6 percent this month, boosted by a view that the Federal Reserve will outpace most major central banks in policy normalization.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There's been some improved sentiment on conditions in the U.S. compared with other parts of the world," said Sireen Harajli, foreign exchange strategist at Mizuho in New York.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. factory output rose in April, although new estimates of manufacturing and overall industrial production showed less growth in prior months than initially believed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. currency got a boost on Tuesday when strong U.S. consumer spending numbers sent 10-year Treasury yields surging to a seven-year peak of 3.095 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Euro zone inflation slowed in April, European statistics agency Eurostat said on Wednesday, confirming an earlier flash estimate and adding to the headache of European Central Bank policy makers seeking to phase out monetary stimulus.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Japan's economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in decades, unwelcome news for a government struggling to get traction for its reflationary policies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Essentially, the dollar is stronger mostly because the rest of the world is not," said Harajli.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro was 0.25 percent lower against the greenback at $1.1807, its lowest since December, after reports that Italy's anti-establishment 5-Star Movement and anti-immigrant League may ask the European Central Bank to forgive 250 billion euros ($294.18 billion) of debt.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The reaction that we saw in the market definitely reflects the investor sentiment about that," she said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro was 0.4-percent lower against the Swiss franc, after dropping to a five-week low of 1.1772 francs. The Swiss franc typically attracts capital in times of uncertainty.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Against the yen, the dollar was down 0.11 percent at 110.22 yen, but still close to the highest it has been since early February.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Emerging market currencies suffered more losses on Wednesday with the dollar's rise, although the Turkish lira pulled back from record lows after the central bank said it would intervene to stop its slide. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Sterling fell towards its lowest point of the year against the dollar amid fresh worries about Britain's Brexit negotiations and relatively modest UK wage growth, but pared losses to trade little changed on the day at $1.3495.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Saqib Iqbal Ahmed Editing by Nick Zieminski)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-68048860986492215642018-05-16T21:57:00.000+08:002018-05-16T21:58:08.080+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St to open flat on rising U.S. yields, N. Korea worries - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 09:09:20 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">North Korea says may have to "reconsider" summit<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Macy's jumps after results, lifts other department stores <span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">AMD, Micron rise after brokerage actions<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures down: Dow 0.08 pct, S&P 0.06 pct, Nasdaq 0.03 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Medha Singh<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 16 (Reuters) - Wall Street was set to open little changed on Wednesday as investors assessed the impact of a surge in bond yields, while growing doubts about the U.S.-North Korea summit also weighed.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">North Korea threw next month's summit between Kim Jong Un and President Donald Trump into doubt, threatening weeks of diplomatic progress by saying it may reconsider if Washington insists it unilaterally gives up its nuclear weapons. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The country's threat to cancel the June 12 summit in Singapore adds to the jitters in the market, which is already dealing with China-U.S. trade tensions and inflation concerns.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Dow Jones Industrial Average and the Nasdaq recorded their biggest one-day percentage drop in three weeks on Tuesday after strong retail sales data stoked inflation worries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Traders are looking for some stability coming off of the sharp decline yesterday," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"(They are) looking for a little more visibility coming from the trade front with China even as concern over inflation keeps rearing its head."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 8:47 a.m. ET, Dow e-minis were down 19 points, or 0.08 percent. S&P 500 e-minis were down 1.75 points, or 0.06 percent and Nasdaq 100 e-minis were down 2.25 points, or 0.03 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. 10-year Treasury yield spiked above the key 3 percent level to its highest since July 2011 on Tuesday after the retail data. It was last at 3.0613 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Federal funds futures implied that traders saw a 54 percent chance that the U.S. Federal Reserve would raise rates for a fourth time by year-end. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Macy's 6.9 percent jump after reporting a much better-than-expected rise in same-store sales in the first quarter, helped shares of other retailers. J. C. Penney, Kohl's and Nordstrom were all up more than 2.5 percent to 3.5 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Micron rose 2.1 percent in premarket trading after RBC Capital Markets began coverage with "outperform" rating, while AMD gained 1.7 percent after a rating upgrade at Susquehanna.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 6-Oil drops as demand shows signs of weakening - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 09:29:54 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude stocks rise by 4.9 mln bbl to 435.6 mln bbl -API<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Physical spot cargoes trade at discount to financial crude<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Production by oil majors rising - S&P Global Ratings<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Amanda Cooper<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 16 (Reuters) - Oil fell on Wednesday ahead of an anticipated rise in U.S. crude inventory that could provide more evidence that demand may be slowing in spite of ongoing crude output cuts by producer group OPEC and imminent U.S. sanctions against Iran.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude futures were last down 65 cents at $77.78 a barrel by 1147 GMT, while U.S. crude futures fell 32 cents to $70.99 a barrel, leaving the spread between the two just shy of a 2015 high of $7 a barrel.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Physical crude markets are sagging under the weight of unsold barrels of oil, while the 50-percent rise in the oil price in the last year is encouraging major companies such as ExxonMobil, Royal Dutch Shell, Chevron, BP and Total to increase output.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Aggregate production - both actual and projected - is growing for the majors," S&P Global Ratings said in a report published on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot crude oil cargo prices are at their steepest discounts to futures prices in years as sellers are struggling to find buyers for West African, Russian and Kazakh cargoes, while pipeline bottlenecks trap supply in west Texas and Canada.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The bottleneck in North America likely contributed to a 4.9 million barrel rise in U.S. crude oil inventories, to 435.6 million barrels, that the private American Petroleum Institute reported on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The API inventory data in the U.S. fits with ... a topping pattern – or at least a decent pause – for oil prices at the moment," said Greg McKenna, chief market strategist at futures brokerage AxiTrader.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Official U.S. government fuel storage data is due for release by the Energy Information Administration (EIA) later on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A similar reading from EIA today could relieve some of the upward pressure on prices and trigger some near-term profit taking," Craig Erlam, senior market strategist at OANDA said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With renewed U.S. sanctions looming against OPEC-member Iran and oil demand strong, analysts said crude markets will likely remain tight for much of the year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Stronger oil prices are also spilling into other markets.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A rising oil price brings upside price risk to all commodities," Morgan Stanley said in a note this week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The International Energy Agency on Wednesday warned global demand is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In its monthly report, the Paris-based IEA cut its forecast for global demand growth to 1.4 million barrels per day for 2018, from a previous estimate of 1.5 million bpd. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"On balance, the report is tending more to the negative side. Demand for oil has been revised downwards for the second half of the year from April," PVM Oil Associates strategist Tamas Varga said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Henning Gloystein in SINGAPORE; Editing by Alexandra Hudson and Mark Potter)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold extends losses after biggest tumble since 2016 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 08:37:45 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar hits 2018 peak<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. bond yields slip from highs<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold fell 1.7 pct on Tuesday<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Technicals suggest further losses<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Recasts, updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Peter Hobson<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 16 (Reuters) - Gold prices continued to lose ground on Wednesday, falling to their lowest since December as the dollar rallied to 2018 highs and U.S. bond yields sat near multi-year peaks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The metal had suffered its biggest single-day loss since November 2016 when it fell 1.7 percent on Tuesday after strong U.S. retail sales data sent the dollar and yields soaring. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold's declines were accelerated by technical selling as it crashed below its 200-day moving average and the psychologically significant level of $1,300 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By 1227 GMT spot gold was down 0.2 percent at $1,287.61 an ounce, having gone as low as $1,286.20, its weakest since Dec. 27.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. gold futures for June delivery were 0.3 percent down at $1,287.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The most important driver (for gold) is the dollar and yields," said ABN AMRO analyst Georgette Boele.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A stronger dollar hurts gold by making it more expensive for holders of other currencies, while higher bond yields make non-yielding bullion less attractive to investors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The strong U.S. retail data also suggested that the Federal Reserve will be confident about raising U.S. interest rates. That is bad for gold because higher rates push up bond yields and tend to boost the dollar.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is likely to fall to $1,275 by the end of June and $1,250 by the end of the year as U.S. yields and the dollar strengthen, said Boele. That is below the $1,310-$1,360 range gold has inhabited since January.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It held up for so long on such a high level. Now you are below $1,300 and the 200-day moving average; people who hold long positions are a little bit nervous," she said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Technical and momentum indicators suggested that gold could fall to about $1,278, ScotiaMocatta analysts said. Fibonacci support for the metal was at $1,287, they added.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold is traditionally used as a safe place to park assets during times of uncertainty, but investors largely disregarded news that North Korea had called off high-level talks with South Korea on Wednesday, less than a month before a planned summit between Kim Jong Un and U.S. President Donald Trump.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There are lot of geopolitical risks, but people are just used to it. Therefore it has not become a big driver for gold," said Argonaut Securities analyst Helen Lau.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other precious metals, silver was down 0.2 percent at $16.20 an ounce after falling 1.6 percent on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum eased by 0.3 percent to $890.60 and palladium lost 0.3 percent to $979.20.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair and Eileen Soreng in Bengaluru <br> Editing by Jane Merriman and David Goodman) <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper steady amid strong Chinese data, dollar - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 08:41:33 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Zandi Shabalala<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 16 (Reuters) - Copper was steady on Wednesday following two losing sessions as a stronger dollar offset upbeat Chinese home sales data.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Benchmark copper on the London Metal Exchange was traded at a steady $6,808 after falling by more than 1 percent on Tuesday. Copper, used in power and construction, is down 1.8 percent so far this week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We have had some decent data from Chinese new home sales which were the strongest growth for about six months and that's pretty positive," said ING analyst Oliver Nugent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"For the most part the likes of copper are bouncing from the sell-off yesterday but (it's) very sideways trading." <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHINA: China's new home prices rose in April with an increasing number of smaller cities driving broader growth, pointing to a resilient construction market which is a key industry for industrial metals. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">DOLLAR: The dollar index added 0.3 percent to trade at its highest in 2018, capping gains in commodities priced in the greenback. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NORTH KOREA: North Korea cancelled high-level talks with Seoul, denouncing military exercises between South Korea and the United States, breaking from several months of easing relations on the peninsula. This weighed on risk sentiment.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">INVENTORIES: Headline copper stocks in LME-approved warehouses sit at 290,825 tonnes after falling 525 tonnes. This is slightly higher than the January low touched last week. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">ALUMINIUM STOCKS: Aluminium stocks held at three major Japanese ports rose about 9 percent to 267,100 tonnes by the end of April from the previous month, trading house Marubeni Corp said on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LITHIUM: China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera, one of the world's biggest lithium producers, for about $4.3 billion.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">RUSAL INSIGHT: On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminium company Rusal. Instead of barring Rusal from international markets, which is what the United States originally intended to do, the Treasury suggested it might lift the sanctions altogether.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S.-CHINA TRADE: The United States is seeking to make a trade deal with China, White House economic adviser Larry Kudlow said as bilateral talks between the world's two economic powerhouses resume in Washington this week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BAUXITE: Operations at Societe Miniere de Boke's bauxite mine in Guinea have restarted following a nearly two-week strike that caused a halt in production of the aluminium ore, the company's managing director said on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OTHER METALS: LME aluminium was down 0.6 percent at $2,312 per tonne in official rings, lead was bid 0.6 percent lower at $2,333, zinc was flat at $3,062, tin was down 0.4 percent to $20,800 while nickel was bid 0.2 percent higher at $14,450.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Manolo Serapio Jr.; Editing by Jon Boyle)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat up 1-3 cents, corn up 1-2, soybeans down 5-7 - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 09:24:46 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 16 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 1 to 3 cents per bushel <span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat heading higher for a second session on technical buying after Tuesday's two-week low, and worries about dryness in the northern U.S. Plains and Canadian spring wheat areas as well as Australia.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The association of German farm cooperatives on Wednesday forecast that Germany's 2018 wheat crop will fall 2.0 percent on the year to 23.98 million tonnes. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 3-1/4 cents at $4.96-3/4 per bushel. K.C. July hard red winter wheat last traded up 3-1/4 cents at $5.13 and MGEX July spring wheat was up 4-1/4 cents at $6.10-1/2 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 1 to 2 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn headed higher on technical buying, spillover strength from wheat and nervousness about a slow planting pace in the northern U.S. Midwest.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China is expected to grow less rice and corn this year while increasing planting of soybean and other grains, local media citing the country's agricultural ministry reported. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last up 1-3/4 cents at $4.04 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Down 5 to 7 cents per bushel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt 36pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans lower in rangebound trade as the market awaits news about U.S. trade negotiations with China, the world's biggest soybean buyer. The CBOT July contract stayed inside of Tuesday's trading range in early moves.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The price of Brazilian soybeans being offered for export has dropped below U.S. cargoes in the face of slowing Chinese demand for prompt shipments.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last down 6-3/4 cents at $10.12 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm oil falls nearly 1 pct on weaker related oils, slow demand - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 07:04:08 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm charts first decline in three days<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Market also down on output gains, to trade sideways - trader<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia June CPO export tax kept at 5 pct - govt circular<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Emily Chow<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">KUALA LUMPUR, May 16 (Reuters) - Malaysian palm oil futures edged down on Wednesday, their first decline in three days, tracking weaker related oils and due to slowing export demand. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.9 percent at 2,414 ringgit ($608.83) a tonne at the close of trade, its sharpest daily fall in nearly two weeks.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm had earlier jumped to a one-month high on Monday tracking a weaker ringgit following the election defeat of a coalition that ruled the country for six decades. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">It ended Monday 1.5 percent higher, while continuing gains on Tuesday as well. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 38,942 lots of 25 tonnes each at Wednesday's close.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Palm is lower today on last night's soyoil and also the weaker Dalian," said a Kuala Lumpur-based trader, referring to the overnight decline in soyoil on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Another trader added that she expected the market to trade sideways due to several factors.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market is holding on a weak ringgit and a slower-than-expected increase in production," she said, as a weaker ringgit typically supports palm by making it cheaper for holders of foreign currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"But palm demand is expected to slow also as its spread against soyoil does not make it competitive. Malaysia's crude palm oil export tax is also there."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil shipments from Malaysia, the world's second largest exporter, fell 13.7-14.9 percent in the first half of May versus the corresponding period in April, data from inspection company AmSpec Agri Malaysia and cargo surveyor Societe Generale de Surveillance showed on Tuesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders said the demand slowdown could be attributed to Malaysia's resumption of a crude palm oil export tax, which was set at 5 percent in May following four previous months of suspension.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Malaysia announced on Wednesday it will keep its crude palm oil tax rate at 5 percent in June.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In other related oils, the Chicago July soybean oil contract declined 0.4 percent on Tuesday and was last down 0.6 percent on Wednesday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Meanwhile, the September soybean oil on China's Dalian Commodity Exchange was down 0.8 percent and the Dalian September palm oil contract fell 0.4 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils as they compete for a share in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm, soy and crude oil prices, as of 1045 GMT<span></span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td style="border:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Contract<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Month<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Last<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Change<span></span></span></p> </td> <td colspan="2" style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Low<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">High<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Volume<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2403<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-28.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2397<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2422<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1015<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2411<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-22.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2402<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2424<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">9830<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">AUG8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2415<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-22.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2406<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2427<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">12934<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA PALM OLEIN<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5066<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-18.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5034<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5092<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">311032<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5740<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-44.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5720<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5778<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">379490<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT SOY OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.92<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.20<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">30.9<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.09<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">6218<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MAY8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">653.30<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-4.70<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">652.20<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">657<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">770<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MAY8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">751.6<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-3.20<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">750.6<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">753<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">8890<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">NYMEX CRUDE<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">71.20<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-0.11<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">70.85<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">71.34<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">116430<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices in Malaysian ringgit per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT soy oil in U.S. cents per pound<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Dalian soy oil and RBD palm olein in Chinese yuan per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">India soy oil in Indian rupee per 10 kg<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Crude in U.S. dollars per barrel<span></span></span></p> </td> </tr> <tr height="0"> <td width="153" style="border:none"></td> <td width="62" style="border:none"></td> <td width="64" style="border:none"></td> <td width="70" style="border:none"></td> <td width="32" style="border:none"></td> <td width="30" style="border:none"></td> <td width="52" style="border:none"></td> <td width="65" style="border:none"></td> </tr> </tbody></table> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 3.9650 ringgit)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 67.8525 Indian rupees)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 6.3755 Chinese yuan)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Emily Chow; Editing by Sunil Nair and Adrian Croft)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">FOREX-Euro slides below $1.18 on Italy debt concerns and dollar jump - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">16-May-2018 08:29:16 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dollar index hits new 2018 high; euro below $1.18<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Strong U.S. consumer spending data boosts yields, dollar<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Reports Italian parties seeking debt forgiveness hits euro<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Emerging markets currencies face renewed selling pressure<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds quote, updates figures<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Tom Finn<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 16 (Reuters) - The euro slumped to a five-month low on Wednesday after reports that a likely future Italian government would seek debt forgiveness from European creditors and as the dollar resumed its powerful, month-long rally.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The reversal in fortunes for the dollar, on which most analysts have been bearish, has been a big jolt for foreign exchange markets, forcing rapid unwinding of euro positions and a major sell-off across emerging market currencies.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro fell more than half a percent to $1.1767, its lowest since Dec. 18, after reports that Italy's anti-establishment 5-Star Movement and anti-immigrant League may ask the European Central Bank to forgive 250 billion euros of debt.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The single currency had initially shrugged off the news from Italy but succumbed after the dollar began rallying again.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Once an Italian government is formed the market will be keen to know the details of its fiscal policy. Are they really going to push for this write-off from the ECB? That's a big question mark," Societe Generale FX strategist Alvin Tan said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro fell sharply against the Swiss franc, which typically attracts capital in times of uncertainty. It dropped 0.6 percent to a five-week low of 1.1780 francs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some analysts played down the importance of Italian politics for the euro on Wednesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Only five percent of Italian government bonds are held by non-EU residents, making the chances of a massive flight of capital unlikely, ADM Investor Services market strategist Marc Ostwald said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ostwald said he suspected Asian central bank interventions to support their currencies against the dollar would also mean reducing their euro foreign exchange reserves, in order to keep their portfolios balanced.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The euro had been a top performer in 2018, with traders predicting prolonged dollar weakness because of U.S. trade and budget deficits and euro zone economic strength.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Bets that the Federal Reserve will in fact be an outlier in tightening monetary policy among major central banks and signs the euro zone's economy recovery has peaked has seen the euro slide from three-year highs of above $1.24 in April. The currency is now down 1.8 percent against the dollar in 2018.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar index rose 0.4 percent to 93.625, its highest since Dec. 19.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">EMERGING LOSERS<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The dollar has gained since mid-April and clawed back most of its 2018 losses after the reassessment of the path of U.S. monetary policy.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Moves by China and the United States to avoid a full-blown trade war have allowed investors to focus on the yield advantage the United States enjoys.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. currency got a boost on Tuesday when strong U.S. consumer spending numbers sent 10-year Treasury yields surging to a seven-year peak of 3.095 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Today could see a repeat of yesterday. Momentum would certainly seem to back a further dollar advance with little to stop U.S. 10-year Treasury yields pushing to 3.20 percent," ING FX strategist Viraj Patel said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The yen budged only slightly after data showed Japan's economy contracted for the first time in nine quarters during the first quarter of 2018.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Emerging market currencies suffered more losses on Wednesday with the dollar's rise, although the Turkish lira pulled back from record lows after the central bank said it would intervene to stop its slide.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Tom Finn<br> Editing by Louise Ireland)<span></span></span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-30465097858408352762018-05-15T22:17:00.000+08:002018-05-15T22:18:36.544+08:0020180515 Gold Futures Technical View<div dir="ltr"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxsLS4vDyJZ-oXdMOLtQyYYZ-BXgqcMfIIIrO1NBG9SnI8s3OdGisUh3zg_EK0EDz-g8Ct-iBrB3SmHNZ9amicg1T5ajcQt5oweJPFDvYcwhrRHnyTMy1TzkDk97SGRhdq_WfQiFtL3Pk/s1600/image-716578.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxsLS4vDyJZ-oXdMOLtQyYYZ-BXgqcMfIIIrO1NBG9SnI8s3OdGisUh3zg_EK0EDz-g8Ct-iBrB3SmHNZ9amicg1T5ajcQt5oweJPFDvYcwhrRHnyTMy1TzkDk97SGRhdq_WfQiFtL3Pk/s320/image-716578.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6555811958296564962" /></a><br> <div><br></div><div> <div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">Gold Technical: </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">Break of near term support. Bears attack initiated. </div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">A break below 1290 could see further downside.</div> <br></div></div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-73226447157333599012018-05-15T22:12:00.000+08:002018-05-15T22:13:34.818+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS SNAPSHOT-Wall St opens lower on trade woes, moderate retail sales data - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 09:34:44 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 15 (Reuters) - Wall Street opened lower on Tuesday on concerns over lack of progress in U.S.-China trade talks and investors assessing U.S. retail sales data that showed moderate gains last month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Dow Jones Industrial Average fell 89.86 points, or 0.36 percent, at the open to 24,809.55.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P 500 opened lower by 11.54 points, or 0.42 percent, at 2,718.59. The Nasdaq Composite dropped 50.01 points, or 0.67 percent, to 7,361.30 at the opening bell.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall Street drops on trade woes, moderate retail sales data - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">15-May-2018 09:19:02 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">US-China still 'very far apart' on trade-U.S. ambassador<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Mexico does not sees NAFTA deal coming this week<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">April retail sales up 0.3 pct, vs. 0.8 pct rise in March<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Home Depot drops as sales misses estimate, drags Lowe's<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Futures down: Dow 0.59 pct, S&P 0.53 pct, Nasdaq 0.83 pct<span></span></span></li> </ul> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Medha Singh<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 15 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. stock index futures dropped on Tuesday as investors were worried about a lack of progress in U.S.-China trade talks and assessed U.S. retail sales data that showed moderate gains last month.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The United States and China are still "very far apart" on resolving trade frictions, U.S. Ambassador to China Terry Branstad said, as a second round of high-level talks were set to begin in Washington. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adding to the trade woes, Mexico's economy minister Ildefonso Guajardo said he does not expect to meet a deadline this Thursday to reach a new North American Free Trade Agreement that could be presented to the U.S. Congress. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. retail sales increased a moderate 0.3 percent in April, compared with an upwardly revised 0.8 percent surge in March, as rising gasoline prices weighed on discretionary spending, the Commerce Department said. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, the rise in core retail sales, which excluded automobiles, gasoline, building materials and food services, showed consumer spending appeared on track to accelerate after slowing sharply in the first quarter.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Following the data, benchmark U.S. Treasury yields hit 3.037 percent, a key breakout level, before gaining further to 3.043 percent, their highest since July 2011. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"It's a combination of less good news from China trade situation, a bit of a seasonal miss on Home Depot and tick up in the yield on 10-year that conspires to be the story ... and unraveled some of that positive feeling we had yesterday," said Art Hogan, chief market strategist at B. Riley FBR in Boston.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The (retail sales) data is impressive, the yield on the 10-year is reflective of that, and that we get further noise on 3 percent and that becomes an issue."<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of Home Depot Inc slipped 2.5 percent in premarket trading after the No.1 U.S. home improvement chain missed Wall Street forecasts for sales at established stores as an unusually long winter hit demand for typical spring products. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Smaller rival Lowe's was down 1.7 percent.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 9:09 a.m. ET, Dow e-minis were down 147 points, or 0.59 percent. S&P 500 e-minis were down 14.5 points, or 0.53 percent and Nasdaq 100 e-minis were down 58 points, or 0.83 percent.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Even oil prices, which have helped boost the stock market in recent days, touching a 3-1/2-year high, did not offer succor on the day.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Among stocks, Agilent Technologies dropped 7.0 percent after posting a disappointing quarterly forecast late on Monday. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ford dipped 0.9 percent after Piper Jaffray cut its rating to "neutral" on the automaker's shares. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Symantec rose 3.0 percent after the anti-virus maker's bullish 2020 forecast eased concerns over the impact of an internal accounting probe. <span></span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Medha Singh in Bengaluru <br> Editing by Saumyadeb Chakrabarty)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 6-Oil hits multi-year high on tight supply, Iran sanctions - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 09:53:15 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Strong global demand has been outstripping production<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Supply overhang of 2014-2017 virtually eliminated -OPEC<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China refinery demand at second-highest level on record<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates prices in paragraphs 2-3<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Christopher Johnson<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 15 (Reuters) - Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Brent crude oil reached an intraday peak of $79.47 a barrel, up $1.24 and its highest since November 2014, before easing to $78.28, up 5 cents, by 1345 GMT.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. light crude was 15 cents lower at $70.81 a barrel, also not far off its highest since November 2014.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">World oil prices have surged by more than 70 percent over the last year as demand has risen sharply but production has been restricted by the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, and other producers including Russia.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Now the United States has announced it will impose sanctions on Iran over its nuclear programme, raising fears that markets will face shortages later this year when trade restrictions come into effect.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Oil prices are touching fresh multi-year highs as robust demand prospects coupled with a tense geopolitical backdrop make for a potent bullish cocktail," said Stephen Brennock, analyst at London brokers PVM Oil Associates. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Norbert Rücker, head of macro and commodity research at private bank Julius Baer, said that at the top of everyone's mind was "the potential impact on Iranian oil exports and thus the risk of another meaningful supply disruption".<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In China, the world's biggest oil importer, refinery runs rose nearly 12 percent in April compared with a year earlier, to around 12.06 million barrels per day (bpd), marking the second-highest level on record on a daily basis, data showed. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The tightening market has all but eliminated a global supply overhang which depressed crude prices between late 2014 and early 2017.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC figures published on Monday showed that oil inventories in OECD industrialised nations in March fell to 9 million barrels above the five-year average, from 340 million barrels above the average in January 2017. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude is trading at a hefty discount to Brent, the international marker, thanks to sharp rises in U.S. production to 10.7 million bpd, which has left the American domestic oil market well supplied.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. shale oil production is expected to rise by about 145,000 bpd to a record 7.18 million bpd in June, the U.S. Energy Information Administration said on Monday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Permian basin in Texas, the biggest U.S. oil patch, is expected to see output climb 78,000 bpd to a fresh record of 3.28 million bpd. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Henning Gloystein in Singapore;<br> Editing by Susan Fenton and Dale Hudson)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold hits fresh 2018 low as rising yields lift dollar - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 09:31:59 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Strong U.S. bond yields underpin dollar<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SPDR Gold holdings down 0.17 percent on Monday<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span>(Releads, updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Maytaal Angel<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 15 (Reuters) - Gold slid more than 1 percent on Tuesday, falling for a third day to hit its lowest this year as a rise in U.S. borrowing costs pushed up the dollar and overshadowed the impact of strife in Gaza.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Downward momentum in gold picked up after the metal broke below support at its 200-day moving average at $1,306 an ounce. That had firmly underpinned prices earlier this month.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was down 1.2 percent to $1,207.06 an ounce by 1304 GMT, having earlier hit its lowest since late December at $1,296.31. U.S. gold futures for June delivery were down 1.6 percent to $1,296.90 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the high-profile opening of the U.S. embassy to Israel in Jerusalem by the Trump administration raised tension to boiling point. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But gold investors were fixated on the dollar, which rose versus a currency basket as 10-year U.S. bond yields shot above 3 percent, sending borrowing costs higher in a number of other countries.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market is getting increasingly disappointed about (gold's) inability to react to those (geopolitical) drivers," said Ole Hansen, head of commodity strategy at Saxo Bank.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We're up against bond yields, the dollar and the fact that rising oil prices have at this stage accelerated expectations for rate hikes in the United States, due to the risk of inflation."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A Federal Reserve official this week backed the case for further interest rate hikes in the United States, saying inflation had not yet reached the U.S. central bank's 2 percent goal in a sustained way. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Higher U.S. interest rates tend to boost the dollar and push up bond yields, making greenback-denominated gold more expensive for holders of other currencies and denting the appeal of non-yielding assets such as gold.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The market's been waiting for the next rate hike by the Fed ... and I think gold prices are going to remain under pressure till we get through that hike," ANZ analyst Daniel Hynes said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.17 percent to 856.17 tonnes on Monday. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Silver was down 1.5 percent at $16.25 an ounce, having hit its lowest in nearly two weeks in earlier trade at $16.22 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Platinum was down 0.9 percent at $896.49 per ounce, while palladium was 3 percent lower at $965.25 an ounce having broken below support at its 200-day moving average, currently at $988 an ounce.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Britain's Competition and Markets Authority said on Tuesday it would examine whether a takeover of miner Lonmin by South Africa's Sibanye-Stillwater would lessen competition. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Jan Harvey in London and Apeksha Nair in Bengaluru <br> Editing by Dale Hudson/Keith Weir) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">METALS-Copper dips as dollar and inventories climb - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 08:03:30 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Funds still short copper<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Copper support at $6,840, near the 200-day moving average<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, adds comment, changes dateline from Singapore<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Pratima Desai<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 15 (Reuters) - Copper eased on Tuesday under pressure from negative sentiment fuelled by a higher dollar and rising inventories, though upbeat industrial production data from China limited losses.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Benchmark copper on the London Metal Exchange was down 0.3 percent at $6,885 a tonne by 1240 GMT, with subdued activity that traders said was because of an industry gathering in Hong Kong for LME Week Asia.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"A lot of what is going on in base (metals) is related to the dollar," said Peter Fertig, analyst at Quantitative Commodity Research. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"China's economy is in good shape, industrial production is strong and its lending figures are a positive for the construction and housing market."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">DOLLAR: A higher U.S. currency dollar makes dollar-denominated metals more expensive for holders of other currencies, which could dent demand. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">INDUSTRY: China's industrial output rose 7 percent in April, above forecasts for a 6.3 percent increase and up from a seven-month low of 6 percent in March.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LOANS: Chinese banks extended 1.18 trillion yuan ($185.5 billion) in net new yuan loans in April. The forecast was for 1.1 trillion yuan compared with March's 1.12 trillion yuan.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">PROPERTY: "As China dominates demand for most metals, its monthly update on the economy is watched closely, in particular with regard to the metals-intensive infrastructure and property sectors," Julius Baer analysts said in a note.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">TECHNICALS: A sustained break above $6,890, where the 21-day moving average currently sits, could see a move towards $6,970, the 100-day moving average. Support is at $6,840, near the 200-day moving average.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">INVENTORIES: Stocks of copper in LME-approved warehouses are at 291,350 tonnes, up nearly 10,000 tonnes since last Thursday. Copper stocks in warehouses monitored by the Shanghai Futures Exchange are at nearly 280,000 tonnes, compared with close to 250,000 at the end of April.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">POSITIONING: Traders said many funds are still short copper. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Having registered a net speculative short of 2.7 percent of open interest on the May 8, a level not seen since Sept 2016, positioning in copper is now a net speculative short of 1.8 percent of open interest, or 3,300 lots (of 25 tonnes each)," Marex Spectron said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">PRICES: Aluminium was down 0.5 percent at $2,307 a tonne, zinc gained 0.6 percent to $3,074, lead fell 0.4 percent to $2,376, tin was down 0.1 percent at $20,920 and nickel added 0.3 percent to $14,545.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 6.3610 Chinese yuan renminbi)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Editing by David Goodman)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">CBOT Trends-Wheat and corn up 1-2 cents, soybeans mixed - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 09:29:19 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 15 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">WHEAT - Up 1 to 2 cents per bushel <span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat higher on a technical bounce after the CBOT July contract dipped to $4.90, a two-week low, in early moves.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trade awaits the results of an international wheat purchase tender from Egypt's main state wheat buyer.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday rated 36 percent of the U.S. winter wheat crop in good to excellent condition, up from 34 percent the previous week and above trade expectations for no change. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA said the U.S. spring wheat crop was 58 percent seeded, lagging the five-year average of 67 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The CBOT reported 16 deliveries against the expired May contract and 10 K.C. May wheat deliveries. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat last up 1-1/2 cents at $4.92-3/4 per bushel. K.C. July hard red winter wheat last traded unchanged at $5.09-3/4 and MGEX July spring wheat was up 3-1/4 cents at $6.04-3/4 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CORN - Up 1 to 2 cents per bushel<span></span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Corn headed higher on technical buying and worries about dry weather curbing yields in Brazil. Upward momentum limited by a stronger-than-expected U.S. planting pace in the latest week. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday said the U.S. corn crop was 62 percent planted, near the five-year average of 63 percent and above an average of trade expectations for 59 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The CBOT reported 103 deliveries against the expired May corn contract. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn last up 2 cents at $3.98-1/2 a bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">SOYBEANS - Mixed, down 1 cent per bushel to up 1 cent<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt 36pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <ul style="margin-top:0cm;margin-bottom:0cm" type="disc"> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybeans turning mixed, paring early advances as pressure from a stronger-than-expected U.S. planting pace last week offset support from optimism about a resolution to the U.S.-China trade dispute. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Some traders drew hope from U.S. President Donald Trump's pledge on Sunday to help Chinese technology company ZTE Corp as signaling an attempt to ease trade tensions between the two countries.<span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The USDA late Monday said the U.S. soybean crop was 35 percent planted, ahead of the five-year average of 26 percent and above an average of trade expectations for 30 percent. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Ahead of the National Oilseed Processors Association's monthly crush report later on Tuesday, analysts on average expected the trade group to report that is member crushed 160.966 million bushels of soybeans in April. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Deliveries against the expired CBOT May soybean contract totaled 68 contracts. The CBOT reported 61 May soymeal deliveries and 31 May soyoil deliveries. <span></span></span></li> <li class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soybeans last down 1/2 cent at $10.17-1/4 per bushel.<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Julie Ingwersen)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">VEGOILS-Palm oil extends gains on weaker ringgit - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 07:13:19 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm posts second day of gains<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Slight strength in U.S. soyoil also supports -trader<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm could test resistance at 2,466 rgt/T -technicals<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Updates with closing prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Emily Chow<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">KUALA LUMPUR, May 15 (Reuters) - Malaysian palm oil futures rose on Tuesday evening for a second straight session of gains, supported by a weaker ringgit and slight strength in CBOT soyoil futures.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Weakness in the ringgit typically boosts demand by making the tropical oil cheaper for holders of foreign currencies. The ringgit weakened by 0.15 percent to 3.9540 per dollar at the end of the trading day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,432 ringgit ($615.07) a tonne at the close of trade. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil jumped nearly 3 percent to a one-month high in intraday trade on Monday, the first session of trade since the stunning election defeat of a coalition that ruled the country for six decades. It closed with a gain of 1.5 percent. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trading volume stood at 49,160 lots of 25 tonnes each on Tuesday evening.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"The ringgit was still weak and a positive CBOT soyoil also lent a helping hand," said a futures trader in Kuala Lumpur.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The market rose despite reports of weaker exports of Malaysian palm oil products on Tuesday, traders said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Exports for May 1-15 fell 14.9 percent from a month earlier, said inspection company AmSpec Agri Malaysia. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Cargo surveyor Societe Generale de Surveillance, meanwhile, reported a 13.7 percent drop for the same period. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil could retest resistance at 2,466 ringgit a tonne, a break above which could lead to a gain to the next resistance at 2,475 ringgit, said Reuters market analyst for commodities and energy technicals, Wang Tao.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">In related oils, the Chicago July soybean oil contract edged up by 0.1 percent while September soybean oil on China's Dalian Commodity Exchange was down 0.7 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Dalian September palm oil contract slipped by 0.2 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm oil is affected by movements in rival edible oils competing for a share in the global vegetable oils market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Palm, soy and crude oil prices at 1103 GMT<span></span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td style="border:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Contract<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Month<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Last<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Change<span></span></span></p> </td> <td colspan="2" style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Low<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">High<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Volume<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MAY8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2374<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+4.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2374<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2374<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">7<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2425<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+18.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2402<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2435<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">4021<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MY PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2437<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+16.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2407<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">2437<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">18969<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA PALM OLEIN<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5074<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-12.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5066<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5104<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">258780<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CHINA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">SEP8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5766<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">-42.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5748<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">5812<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">323488<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT SOY OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUL8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.29<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+0.04<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.17<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">31.36<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">4572<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA PALM OIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MAY8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">659.40<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+0.00<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">656.00<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">660<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">568<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">INDIA SOYOIL<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">MAY8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">758.3<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+0.20<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">754.95<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">759.5<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">4070<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">NYMEX CRUDE<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">JUN8<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">71.60<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">+0.64<span></span></span></p> </td> <td colspan="2" style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">70.79<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">71.69<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p class="MsoNormal" align="right" style="margin:0cm 0cm 6pt;text-align:right;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">160597<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Palm oil prices in Malaysian ringgit per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">CBOT soy oil in U.S. cents per pound<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Dalian soy oil and RBD palm olein in Chinese yuan per tonne<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">India soy oil in Indian rupee per 10 kg<span></span></span></p> </td> </tr> <tr> <td colspan="5" style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Crude in U.S. dollars per barrel<span></span></span></p> </td> </tr> <tr height="0"> <td width="153" style="border:none"></td> <td width="62" style="border:none"></td> <td width="64" style="border:none"></td> <td width="70" style="border:none"></td> <td width="32" style="border:none"></td> <td width="30" style="border:none"></td> <td width="52" style="border:none"></td> <td width="65" style="border:none"></td> </tr> </tbody></table> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 3.9540 ringgit)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 67.8900 Indian rupees)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">($1 = 6.3555 Chinese yuan)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Emily Chow<br> Editing by Subhranshu Sahu and David Goodman)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> </div> Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1734084652835824296.post-44635593212740404282018-05-15T00:57:00.001+08:002018-05-15T00:57:54.444+08:00Stock & Commodities Related News.<div dir="ltr"> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">US STOCKS-Wall St climbs on easing U.S.-China trade tensions - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">14-May-2018 11:47:54 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NXP jumps on China's Qualcomm deal review; boosts chipmakers<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Optical components makers rise after Trump's ZTE comment<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Xerox tumbles after scrapping $6.1 bln deal with Fujifilm<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Viacom shares tumble after CBS lawsuit against merger<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Indexes up: Dow 0.57 pct, S&P 0.37 pct, Nasdaq 0.55 pct <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Changes comment, adds details, updates prices<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Sruthi Shankar<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 14 (Reuters) - U.S. stocks notched up gains on Monday on signs of easing trade tensions between the United States and China after President Donald Trump softened his stance on Chinese technology company ZTE Corp.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump on Sunday pledged to help ZTE "get back into business, fast" nearly a month after the U.S. Commerce Department banned American companies from selling to the firm for violating an agreement.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Trump's comments came ahead of trade talks between Chinese Vice Premier Liu He and U.S. officials this week.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"There has been calmer trade headlines, we haven't seen the rhetoric pick up," said John Augustine, chief investment officer at Huntington Bank in Columbus, Ohio. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Shares of some of the biggest suppliers to ZTE, including Acacia Communications, Oclaro and Lumentum Holdings rose between 11.1 percent and 4.1 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chip stocks got a boost from news that China had resumed its review of chipmaker Qualcomm's proposed $44 billion takeover of NXP Semiconductors. NXP surged 9.9 percent and Qualcomm 2.8 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Philadelphia semiconductor index was up 1.6 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 11:25 a.m. ET, the Dow Jones Industrial Average was up 142.51 points, or 0.57 percent, at 24,973.68. The blue-chip index was on track to post its eighth straight day of gains, with United Health's 1.6 percent rise providing the biggest boost.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P 500 was up 10.11 points, or 0.37 percent, at 2,737.83 and the Nasdaq Composite was up 40.76 points, or 0.55 percent, at 7,443.64.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P 500 and the Dow rose above their 100-day moving averages, a key technical level, for the first time in nearly a month last week on easing worries of inflation and a surge in oil prices.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Soothing economic reports, robust earnings and calmer trade headlines have allowed stocks to gain the footing here so far." Augustine said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Eight of the 11 major S&P sectors were higher, with technology, healthcare and energy sectors leading the gains.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The biggest decliner was Xerox, which tumbled 8.4 percent after the U.S. photocopier maker scrapped a planned $6.1 billion deal with Fujifilm Holdings. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Viacom Inc declined 5.8 percent after CBS Corp filed a lawsuit to stop controlling shareholder Shari Redstone from continuing with her plan to merge it with Viacom. CBS rose 4.9 percent.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Advancing issues outnumbered decliners for a 1.39-to-1 ratio on the NYSE and for a 1.17-to-1 ratio on the Nasdaq.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The S&P index recorded 22 new 52-week highs and two new lows, while the Nasdaq recorded 100 new highs and 24 new lows.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 8-Oil gains on OPEC report, U.S. crude discount to Brent deepens - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">14-May-2018 11:58:52 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">OPEC report shows global oil glut virtually eliminated<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. sanctions against Iran keep oil near three-year highs<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Europe, Asia oppose U.S. sanctions plans<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">New throughout, updates prices, market activity and comments, new byline, changes dateline previous LONDON<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Ayenat Mersie<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">NEW YORK, May 14 (Reuters) - Oil prices rose on Monday as OPEC reported that the global oil glut has been virtually eliminated, while U.S. crude's discount to global benchmark Brent widened to more than $7, its deepest in nearly five months. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Global benchmark Brent was up $1.08 cents at $78.20 a barrel by 11:56 a.m. EDT (1556 GMT) and U.S. crude rose 43 cents to $71.13.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The report from the Organization of the Petroleum Exporting Countries "was bullish. That absolute plunge in Venezuelan production ... just highlights how tenuous the market is in terms of the supply and demand balance," said John Kilduff, Partner at Again Capital LLC.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The OPEC report, published Monday, showed Venezuelan production at its lowest in decades and said the global oil glut had been virtually eliminated. Even so, OPEC and other producing countries were still trimming output more than their supply-cutting pact required. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. crude's discount to Brent was more than $7, the widest since late December. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"You have the threat that a high enough price will start to activate the 7,700 drilled but uncompleted wells in the lower 48 states," said Walter Zimmerman, chief technical analyst at ICAP TA. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"And meanwhile, if Iranian crude is really taken off the water, it's going to impact Brent much more than it's going to impact WTI," Zimmerman said. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">It is unclear how hard U.S. sanctions will hit Iran's oil industry. Much will depend on how other major oil consumers respond to Washington's action against Tehran, which will take effect in November.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">China, France, Russia, Britain, Germany and Iran all remain in the nuclear accord that placed controls on Tehran's nuclear program in exchange for an easing of sanctions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Germany has said it will protect its companies from U.S. sanctions, Iran has said French oil giant Total has yet to pull out of its fields and all the while it seems the Chinese are ready to fill the void created by the U.S," said Greg McKenna, chief market strategist at futures brokerage AxiTrader.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Michael Wittner, analyst at Societe Generale, forecasts U.S. sanctions will remove 400,000-500,000 barrels per day of Iranian crude from the global market.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"In 2012 the reduction in Iranian crude production and exports was around 1 million bpd," Wittner said. "This time around, we expect much less of an impact."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Also supportive to prices was data from market intelligence firm Genscape showing that inventories at Cushing, Oklahoma, the delivery point for U.S. crude futures, fell more than more than 400,000 barrels in the week to May 11, according to traders who saw the data.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Christopher Johnson in London and Henning Gloystein in Singapore<br> Editing by David Goodman and David Gregorio)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">PRECIOUS-Gold firms as dollar retreats from 2018 peak - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">14-May-2018 09:58:24 PM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Geopolitical risks could support bullion<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Gold price expected to remain in narrow range<span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Updates prices)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">By Pratima Desai<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">LONDON, May 14 (Reuters) - Gold prices edged higher on Monday as the dollar retreated from a 2018 peak after subdued U.S. inflation data last week highlighted the prospect of fewer U.S. interest rate increases than previously expected this year.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Spot gold was up 0.2 percent at $1,320.8 an ounce at 1348 GMT, having on Friday touched $1,325.96, its highest since April 26. U.S. gold futures were unchanged at $1,320.7.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">A weaker U.S. currency makes dollar-denominated gold cheaper for holders of other currencies -- a relationship used by funds to generate buy and sell signals. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Though the dollar eased on Monday, its performance against a basket of other major currencies touched 93.416 last week for a gain of more than 4 percent since April 17 and its highest level since December.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold is dollar-driven but it is doing reasonably well given the dollar is generally stronger," said Macquarie commodities strategist Matthew Turner.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Further support could come from rising security risks in the Middle East after the United States said it would withdraw from the 2015 international nuclear deal with Iran and reimpose sanctions.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">However, gold is expected to remain in the narrow range in which it has been trading this year -- mostly between $1,300 and $1,350 -- unless supply or demand fundamentals change dramatically.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Gold's trading range in the first four months between low and high price was the lowest in percentage terms since it was fixed to the dollar in 1971," Turner said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">An increase to U.S. interest rates, possibly in June at the Federal Reserve's next meeting, will weigh on gold, though analysts say that would be unlikely to push gold significantly lower.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Over the short term, and particularly during May, we see gold trading between $1,285 and $1,338 an ounce as continued strength in the dollar and rising rates pressure values lower," said INTL FCStone analyst Edward Meir.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders said that falling gold imports by India, a top consumer, were also undermining sentiment.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Silver was up 0.1 percent at $16.63 an ounce, platinum gained 0.2 percent to $923.20 and palladium added 0.1 percent to 996.75.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Apeksha Nair in Bengaluru Editing by David Goodman and Dale Hudson) </span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(153,153,153)"><span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">GRAINS-U.S. soy futures rebound; wheat extends losing streak; corn flat - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">14-May-2018 11:23:50 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-advisory" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Recasts, updates with U.S. trading, adds new analyst quote, changes byline and dateline; previous PARIS/SINGAPORE<span></span></span></p> <p class="gmail-tr-by" style="margin:0cm 0cm 6pt;font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)"><span lang="EN">By Mark Weinraub<span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CHICAGO, May 14 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Chicago Board of Trade soybean futures rose on Monday, bouncing back from their lowest in more than five weeks on a round of technical buying and signs that Chinese demand for export supplies was picking up, traders said.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Wheat futures dropped, on track for their fourth straight losing session, falling through key technical support points to hit their lowest since April 27. Corn futures were close to unchanged. </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Soybean futures sagged to their lowest since April 4 during overnight trading following a 1.3 percent drop on Friday.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We got a little too low a little too quick," said Mark Schultz, chief analyst at Minnesota-based Northstar Commodity Investment Co. </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At 10:14 a.m. CDT (1514 GMT), Chicago Board of Trade July soybean futures were up 14 cents at $10.17-1/4 a bushel.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Agriculture Department reported weekly soybean export inspections of 688,195 tonnes. That topped analysts' forecasts for 450,000 tonnes to 650,000 tonnes and included 128,688 tonnes of supplies headed to China.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Traders also cited hopes that Chinese soybean purchases would pick up amid signs of easing trade tensions with the world's largest buyer of the oilseed.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">U.S. President Donald Trump pledged on Sunday to help ZTE Corp</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> <span class="gmail-tr-strong">after a U.S. ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week. Sources said China was willing in principle to import more U.S. agriculture products in return for Washington smoothing out penalties against ZTE, but they did not offer details.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July soft red winter wheat futures were 7-3/4 cents lower at $4.91 a bushel.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">After reaching multimonth highs at the start of May amid concern about dry weather in the U.S. Plains and other major wheat-producing regions worldwide, Chicago prices have been dampened by the government's <span class="gmail-tr-strong">bigger-than-anticipated </span>forecast of this year's U.S. wheat crop on May 10 and the return of rain to parts of the U.S. Plains.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"Some fundamental investors will no doubt have taken profits," Tobin Gorey, director of agricultural strategy at Commonwealth Bank of Australia, said of wheat.<span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">K<span class="gmail-tr-strong">.C. hard red winter wheat for July delivery, which tracks the crop being grown in the Plains, were off 1.5 percent and on pace for their seventh straight session of declines.</span><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-strong"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">CBOT July corn futures were unchanged at $3.96-1/2 a bushel.</span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Sunil Nair, David Goodman and Jonathan Oatis)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span> </span></p> <h1 style="margin:0cm 0cm 9.75pt;font-size:24pt;font-family:"Times New Roman",serif;font-weight:bold"><span style="font-size:16.5pt;font-family:Arial,sans-serif">TABLE-Trade estimates for USDA grain export inspections - Reuters News <span></span></span></h1> <p class="MsoNormal" style="margin:0cm 0cm 10pt;line-height:115%;font-size:11pt;font-family:Calibri,sans-serif"><span class="gmail-date1" style="color:rgb(144,155,173);font-weight:normal"><span style="font-size:10.5pt;line-height:115%;font-family:Arial,sans-serif">14-May-2018 10:20:16 PM</span></span><span style="font-size:10pt;line-height:115%;font-family:Arial,sans-serif"> <span></span></span></p> <p class="gmail-tr-story-p1" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span class="gmail-tr-dateline"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May 14 (Reuters)</span></span><span class="gmail-tr-dl-sep"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"> - </span></span><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The U.S. Department of Agriculture is expected to release its weekly grain and oilseed export inspections report at 10:00 a.m. CDT (1500 GMT) on Monday. <span></span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Export inspection estimates for U.S. grain and soybeans are as follows, in tonnes, according to trade industry analysts:<span></span></span></p> <table class="gmail-MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none"> <tbody><tr> <td style="border:1pt solid black;padding:3.75pt 7.5pt"></td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Range<span></span></span></p> </td> <td style="border-top:1pt solid black;border-right:1pt solid black;border-bottom:1pt solid black;border-left:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Previous week<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Wheat<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">250,000-500,000<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">327,662<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Corn<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,400,000-1,800,000<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">1,916,461<span></span></span></p> </td> </tr> <tr> <td style="border-right:1pt solid black;border-bottom:1pt solid black;border-left:1pt solid black;border-top:none;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">Soybeans<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">450,000-650,000<span></span></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:1pt solid black;border-right:1pt solid black;padding:3.75pt 7.5pt"> <p align="right" style="text-align:right;margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span style="font-size:10pt;font-family:Arial,sans-serif">533,667<span></span></span></p> </td> </tr> </tbody></table> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="gmail-tr-signoff" style="margin:0cm 0cm 6pt;font-size:12pt;font-family:"Times New Roman",serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Reporting by Michael Hirtzer)<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif"><span> </span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 9.75pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><b><span style="font-size:16.5pt;font-family:Arial,sans-serif">UPDATE 2-"The clock is ticking" - EU warns Britain of poor Brexit progress - Reuters News <span></span></span></b></p> <p class="MsoNormal" style="margin:0cm 0cm 0.0001pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:10.5pt;font-family:Arial,sans-serif;color:rgb(144,155,173)">15-May-2018 12:44:26 AM</span><span style="font-size:10pt;font-family:Arial,sans-serif"> <span></span></span></p> <ul type="disc" style="margin-bottom:0cm"> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Tensions starts building up ahead of June 28-29 summit<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May under pressure to make decision on customs<span></span></span></li> <li class="MsoNormal" style="line-height:normal;margin:0cm 0cm 10pt;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Irish border, trade, security, expat rights still outstanding <span></span></span></li> </ul> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Adds Barnier comments to EU ministers<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(130,128,128)">By Gabriela Baczynska<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">BRUSSELS, May 14 (Reuters) - The European Union on Monday warned Britain time was running out to seal a Brexit deal this autumn and ensure London does not crash out of the bloc next March, adding to pressure on Prime Minister Theresa May.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May's spokesman, however, said the "focus is on getting this right" rather than meeting a deadline. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The EU's Brexit negotiator Michel Barnier told 27 ministers of the bloc meeting in Brussels on Monday that "no significant progress" had been made in negotiations with London since March, the Bulgarian chairwoman of the talks said.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Diplomats and officials in Brussels have raised doubts about whether the bloc and London will be able to mark a milestone in the negotiations at the summit of EU leaders on June 28-29. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The current schedule puts progress in June as an important step towards a final Brexit deal in October, which would leave enough time for an elaborate EU ratification process before the Brexit day.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"October is only five months from now and still some key issues related to the withdrawal agreement need to be settled. In June we need to see substantive progress on Ireland, on governance and all remaining separation issues," said Deputy Prime Minister Ekaterina Zakharieva of Bulgaria, which holds the EU's rotating presidency.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">German, Austrian and Dutch ministers all echoed the same concern, saying Britain has not made its position clear in detail on parts of the negotiations.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We are concerned that there is no clear stance, no clear position from the British. The clock is ticking," German EU Minister Michael Roth told his EU peers. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">"We need now to be making substantial progress, but that is not happening. What is worrying us in particular is the Northern Ireland question where we expect a substantial accommodation from the British side."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">At home, May is stuck between a rock and a hard place with staunch Brexit supporters pushing to sever ties with the EU and others advocating keeping close customs cooperation with the bloc to reduce frictions in future trade.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">May's spokesman said London was working on two options for post-Brexit customs cooperation.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Under a customs partnership, Britain could collect tariffs on goods entering the country on the EU's behalf. Under a second idea, for a streamlined customs arrangement, traders on an approved list would be able to cross borders freely with the aid of automated technology.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">PRESSURE<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">But the EU has said London must come up with a solution for the Irish border conundrum and highlights that has not happened. Both sides worry that reinstating a physical border between EU-member Ireland and Britain's province of Northern Ireland - including to manage customs - could revive violence there.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Other outstanding issues include guarantees for expatriate rights, agreeing on security cooperation and trade rules after Brexit. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">With May's cabinet, her ruling Conservative party and the British split on Brexit, the prime minister has come under increasing pressure at home in recent weeks to make a decision on customs.<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">The Brexit schedule is tightening, sources said, which helps the EU negotiating strategy to pile pressure on London before the June summit but mostly is due to lack of substantial headway in the talks. <span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">Dutch Foreign Minister Stef Blok said it was too early to discuss an extension of the timeline, but added: "The aim is now to conclude a deal in the time schedule that has been agreed on ... I very much hope we will agree but there are no guarantees, unfortunately."<span></span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif"><span> </span></span></p> <p class="MsoNormal" style="margin:0cm 0cm 6pt;line-height:normal;font-size:11pt;font-family:Calibri,sans-serif"><span lang="EN" style="font-size:10pt;font-family:Arial,sans-serif">(Additional reporting by Philip Blenkinsop in Brussels and Liz Piper in London, Writing by Gabriela Baczynska, Editing by Matthew Mpoke Bigg and Toby Chopra)<span></span></span></p> </div> Unknownnoreply@blogger.com0