COMMODITIES
19:25
Commodities: WTI futures gain despite rising dollar, amid record OPEC compliance
BP, oil & gas

Progress on tax reforms in the States pushed the greenback towards one-month highs, weighing on the commodities complex, although energy futures still found a good bid.

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20 Oct
Gulf Keystone production, exports not impacted by fighting
iraqi kurdistan near erbil

Gulf Keystone Petroleum, an independent operator and producer in the Kurdistan Region of Iraq, confirmed on Friday that operations continued safely and securely despite political instability in the surrounding region, with average production of 34,525 barrels of oil equivalent per day from the Shaikan oil field since the start of October.

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20 Oct
US existing home sales move higher in September
Housing, housebuilding, homes, construction

Existing home sales in the States broke a three-month streak of consecutive declines but were nevertheless labelled "meagre" by some observers, who warned that a lack of supply and fast price increases were putting a crimp in buyers' budgets.

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20 Oct
Spain orders elections in Catalonia in step towards autonomy suspension
ANC Cataluna catalana

Spain’s government will force elections in Catalonia in January with the support of the official opposition, in one of the first steps toward withdrawing autonomy for the region.

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20 Oct
EU27 to prepare internally for second phase of Brexit talks
angela merkel security conference february 2015-560x276

European leaders have agreed to move internal discussions on Brexit onto issues of trade and the exit transition - but not with the UK negotiating team due to the "insufficient progress" made in negotiations.

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20 Oct
Jersey Oil to raise £20m via accelerated bookbuild
investissement-comptabilite-private-equity-finances-personnelles-numerique-data-donnees-calcul-graphique-ipad-cadre-direction-financiere-controle-de-gestion-strategie-d-entreprise-capital-business-plan

Jersey Oil & Gas announced on Friday its intention to raise fresh capital via a discounted share offering to fund the company's Verbier appraisal programme and Cortina exploration drilling.

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20 Oct
Trump tax bill clears Senate hurdle as Bush and Obama make veiled swipes
campaign 2016 trump 37

US President Donald Trump’s proposed tax reforms cleared a significant hurdle on Thursday as the Senate passed a blueprint budget for 2018, as the divisiveness under his administration faced thinly-veiled attacks from predecessors Barack Obama and George W Bush.

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19 Oct
Commodities: Gold recovers from 3 day drop as greenback weakens
Gold bars

Thursday saw the US dollar fall for the second day in a week, with the dollar index down 0. 24% to 93. 140 after 10-year Treasury yields dipped 2 basis points as investors returned to the safety of bonds.

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19 Oct
Investec says Rio Tinto is preferred pick among diversified miners
Rio Tinto train in the Pilbara region of Western Australia; mining

Analysts at Investec reiterated their "preference" for shares of Rio Tinto among the diversified majors, despite the miner's "mixed" third quarter results.

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19 Oct
Philly Fed manufacturing index hits five-month high in October
factory, factories, manufacturing, manufacturer

Manufacturing conditions in the Philadelphia region unexpectedly improved in October, according to a survey released on Thursday.

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19 Oct
US initial jobless claims drop to lowest since 1973
City workers

The number of Americans filing for unemployment benefits dropped more than expected last week, according to data from the Labor Department.

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19 Oct
New Zealand's lurch left sends Kiwi dollar crashing
jacinda ardern new zealand prime minister labour party

The New Zealand dollar crashed on Thursday, after it emerged that a socialist-populist coalition would be making up the country’s next government.

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19 Oct
Connemara acquires 100% of Hendrick Resources
cononish scotland scotgold gold silver mine

Exploration company Connemara, with principal assets in gold and zinc exploration licences across Ireland, announced the acquisition of 100% of Hendrick Resources, a private Ontario-based company formed for the purpose of acquiring properties in Ireland.

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19 Oct
Spain expected to suspend Catalan autonomy as Puigdemont refuses to back down
artur mas carles puigdemont

Spanish prime minister Mariano Rajoy is expected to press ahead with Article 155 to suspend autonomy for Catalonia after regional president Carles Puigdemont refused to revoke his suspended declaration of independence.

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19 Oct
China GDP grows at steady clip in Q3, but economists anticipate slowdown
cbchina81

China's economy continued expanding at a steady clip last quarter, although some economists believed tighter economic policy was set to weigh on the pace of expansion.

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18 Oct
Commodities: Greenback continues to climb, gold on the backfoot
Money cash dollars

The US dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the US grew.

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18 Oct
US crude oil stockpiles and refinery activity decrease, says DoE
Oil & gas refinery, energy

US crude oil stockpiles continued to drop even as refinery activity slowed, amid a substantial reduction in domestic oil output.

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18 Oct
Iraqi government calls on BP to help develop Kirkuk's oilfields
cbbp123

Iraqi government officials urged oil giant BP to assist in developing oilfields in the disputed city of Kirkuk on Wednesday after Iraqi troops and state-sanctioned militiamen stormed through the area on Sunday.

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18 Oct
Spain's stance hardens as final deadline for Catalonia approaches
ep la vicepresidentagobierno soraya saenzsantamaria 20170403151408

The Spanish government does not appear to be wavering in its ultimatum to Catalan separatists, as Mariano Rajoy’s Thursday deadline for clarification on the independence issue draws near.

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