Commodities
Commodities: Russia does not see need to extend supply cuts at next OPEC meeting
Commodities were mostly lower again on Wednesday amid a continued 'risk-off' tone to trading as optimism regarding the prospect for US tax reforms continued to ebb.
US open: Stocks come off lows after stronger than expected data
Wall Street is trading slightly lower, but well-off its intra-day lows, following the release of stronger than expected consumer price inflation and retail sales data for October and amid lingering concerns about the progress being made by the White House on tax reforms.
US crude stockpiles rise alongside domestic output and imports, DoE says
US crude oil and product stockpiles were mostly higher last week against a back drop of rising domestic production and net imports.
Lucapa Diamond hits monthly record at Angola diamond project
The Lulo Diamond Project in Angola achieved a monthly treatment record of 29,657 bulk cubic metres (bcm) of alluvial gravels in October, according to a joint statement, on Wednesday, by Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas and Petalas.
Pantheon Resources reports authorisation of and first gas sales at East Texas gas facility
AIM-quoted oil and gas exploration company, Pantheon Resources, has reported "successful" commission, on Tuesday, of the gas processing facility in Polk County, East Texas, as well as its first gas sales.
Eland Oil & Gas reports strong production at Opuama
Eland Oil & Gas, the oil & gas production and development company, operating in West Africa with an initial focus on Nigeria, reported strong production performance from the Opuama field, with gross output from all three wells reaching 19,000 barrels of oil per day.
Galantas Gold proposes private placement of shares
Galantas Gold Corporation has today announced a proposed private placement of shares, for working capital purposes, as well as to continue developing an underground mine on the Omagh property.
Empire State manufacturing index drops more than expected in November
Manufacturing activity in the New York Fed's jurisdiction deteriorated more than expected in November, according to data released on Wednesday.
US retail sales jump past forecasts in October
Retail sales volumes in the States increased more quickly than expected last month, amid a jump in demand for motor vehicles and parts in the wake of the hurricanes that struck the Gulf of Mexico.
US core CPI edges past forecasts, some economists see big rise ahead
The cost of the living in the States increased a tad more quickly than expected last month as rising prices for used cars and trucks, shelter and medical care services pushed the so-called 'core' rate higher.
UBS sees S&P 500 at 2,900 by year-end 2018
The balance of risks for US equities is skewed to the upside, UBS said in an equity strategy note, as it targets a year-end 2018 level of 2,900 for the S&P 500.
French core CPI inflation remains subdued in October
The cost of living in France increased last month, bolstered by higher fresh food prices, especially butter, amid slight signs of building price pressures, according to economists.
Euro area trade surplus at widest on record in September
The single currency bloc's trade surplus in goods with the rest of the world jumped in September to its highest level on record as import demand fell off.
PCE inflation should be allowed to run above 2%, Fed's Evans says
The US central bank should be willing to allow inflation to run moderately above its target and say so clearly, a top official said.
Army seizes power in Zimbabwe but denies Mugabe coup
Zimbabwe is now under the control of the country’s military after the army seized power on Wednesday, but said they guaranteed the security of President Robert Mugabe.