angle-double-right calendar

Sign up today to view these articles!

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

This Morning

May 11, 2020, 12:33 PM by Weekly Market Report
Most of the major commodity indexes were little changed this morning as firmer energy prices were being offset by softer precious and base metal prices. In New York, NYMEX crude oil futures were trading above $26.50/barrel (+1.3%) and oil prices have been trending higher over the last 2 weeks.

Copper prices advanced last week but started this week on the backfoot, with COMEX futures easing to around $2.37/lb. while in London LME 3-mo. copper slipped to $5,260/mt. On the metals front, Reuters reports today that “China's environment ministry on Monday called on China Minmetals Corp to improve implementation of environmental protection measures and oversight of subsidiaries in a less than glowing report on the state-run metals producer's compliance.” In forex trading, the US Dollar Index was up around 1% this morning with the euro softer at $1.082 while the greenback was buying 107.4 Japanese yen. On Wall Street, stock futures were pointing lower this morning following losses at the major European exchanges.

ThisMorning051101
Load more comments
avatar
Login to be able to comment