Free Trial

Just worth noting for commodities,......>

COMMODITIES
COMMODITIES: Just worth noting for commodities, particularly given the moves in
oil, Monday saw the FT note that "Industrial and Commercial Bank of China plans
to suspend new positions in products linked to oil and other commodities, after
a week that roiled the markets and sent the US oil marker into negative
territory. "The international commodity market is currently at higher risk,"
China's biggest bank by assets said in a statement on Monday. The suspension
will come into place from 9am Beijing time on Tuesday, the ICBC said, and will
include new positions in products for natural gas, copper and soybeans."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.