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Futures & Options Broker
dt Commodity News
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Commodity News Categories
Futures Market News
- Crude oil futures rise amidst rig fire, peak concerns: Crude oil futures gained after early losses on Thursday, amidst news and reports that paint a grim picture for the supply of the world's most vital commodity. Read more
- Copper futures hit four-month high on tightening supply: The price of copper soared on Thursday morning, reaching a four-month high of $7,675 per ton on the London Metal Exchange, reported the Financial Times. That's the red metal's highest level since April 2010, when it reached $8,000 per ton. Read more
- Slight decrease in jobless claims leads to mild stock rise: U.S. equity index futures were mixed this morning, with initial jobless claims showing a very mild decrease - enough that the news wasn't actively bad, but not strong enough to inspire confidence. Read more
Futures Industry News
- Swiss bank enters London Bullion Market Association as market maker: Credit Suisse, the famous Swiss bank, has been reclassified as a spot and options market maker at the London Bullion Market Association, the gold market said today. This brings the total number of market making members at the LBMA to ten. Read more
- Barclays projects 'ripple effect' from Russian wheat woes: According to Barclays Capital, wheat futures still have more room to rise and will be the best-performing agricultural commodity this year, reported Bloomberg News on Friday. The drought which has devastated the wheat harvest in Russia's Black Sea region will continue to create a "ripple effect" that will disrupt grain markets worldwide. Read more
- London Metal Exchange and Singapore Exchange collaborate on metals futures: The Singapore Exchange (SGX) and the London Metal Exchange (LME) said Friday that they are jointly developing cash-settled mini monthly metals futures contracts. Read more
General Financial News
- What does the Japan-China switch mean for global markets?: Much has been made of the news that China, not Japan, is now the world's second largest economy, behind the United States of America. It's the beginning of a new Chinese century, many say. Children in the West should prepare to learn Mandarin, and China will soon grow bolder as it flexes its military and economic muscle. Read more
- Federal Reserve will buy government debt: The Federal Reserve will buy up long-term U.S. Treasury notes, reports the NYTimes. The paper broke the news of further quantitative easing measures and a comment from the Fed that "the pace of recovery in output and employment has slowed in recent months." Read more
- Dollar rally pushes down commodities prices: Traders retreated for safer havens on Tuesday, as they awaited signals from the Federal Reserve meeting that began at 8:15 a.m. The dollar climbed, pushing down the prices of a wide array of commodities. Read more
