MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Copper Rolls On, Oil Stabilises

COMMODITIES
  • For a second consecutive session, copper futures have hit new cycle highs, as momentum persists in industrial metals amid expectations of a global economic recovery in H2 this year. Markets are now within reach of the 2011 peak of $4.65.
  • Oil markets are more stable after WTI inched lower late Monday. Prices have recovered just above the $62.50 level, with focus on the API inventory data due after-market and the ongoing OPEC discussions this week.
  • Markets continue to expect no material change in OPEC policy at this week's meeting. Suggestions that the group were considering only a technical JMMC get together signalling no cause for concern on current output targets. Nonetheless, a resurgence of COVID in India remains a cause for concern and has clouded the outlook for energy demand.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.