What every headline means for your market
Market headlines straight from their sources, sorted by market, each with the live state of the instruments it affects.
Traders are growing wary of a copper price crash with no sign of tariffs
A historic shift in global inventories has helped drive copper to records, but the trade behind the rally is looking increasingly fragile.
Codelco Sets European Copper Premium at Record $350 a Ton
Codelco will charge a record premium of $350 a ton to supply European customers next year, according to a person familiar with the matter.
South Korean IPO slump adds to AI market jitters as Brent crude tops $111
Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty.
Copper Holds Drop as Traders Gauge Risks From US Tariff Policy
Copper held a modest drop, as traders weighed the risk that a US tariff on imports of refined metal may not be adopted.
Gold Holds Decline as Energy-Led Inflation Weighs on Rate Path
Gold held a decline, as elevated oil prices fueled inflation concerns and clouded the Federal Reserve’s path for interest-rate hikes.
Asian Stocks Diverge From US Rally, Oil Advances: Markets Wrap
Technology shares came under renewed pressure as sentiment toward the artificial intelligence trade remained jittery ahead of key earnings reports this week that will test the strength of gains in chip stocks. The dollar weakened.
Latest Oil Market News and Analysis for Oct. 20
Brent oil fluctuated near a five-month high as traders weighed the risk of further Iranian attacks in the Strait of Hormuz against robust crude flows from the Persian Gulf.
The Copper Rally Faces a Tariff Test
Copper has surged amid tariff fears, but the rally may be vulnerable if U.S. trade measures don't materialize. Invesco's Kathy Kriskey joins Blooomberg Open Interest to explain how stockpiling, tariff uncertainty, and growing demand from data centers and electrification could shape what happens next. (Source: Bloomberg)
Can Microbes Solve the Copper Problem?
The global copper supply is on a collision course with growing electricity demand. Now some companies are turning to biomining, the process of using microbes to extract metals, to boost supply. (Source: Bloomberg)
Ivanhoe Electric (IE) in Talks to Sell Arizona Copper Amid Data Center Demand
Ivanhoe Electric Inc. is in advanced talks with prospective buyers for copper from its project in Arizona, as the rapid expansion of data centers and power grids stokes demand for the metal.
Gold Edges Higher as Traders Ease Rate-Hike Bets on Warsh Speech
Gold edged higher as traders pared bets on the Federal Reserve raising interest rates this month after remarks by Chair Kevin Warsh.
Latest Oil Market News and Analysis for Oct. 19
Oil slid from a five-month high, as traders weighed signs supply from the Middle East is holding near pre-war levels against flareups in fighting.
Traders Grow Wary of Copper Bull Market With No Sign of Tariffs
Since Donald Trump came back into office, copper has surged on a seismic reshuffling of global inventories linked to the risk that he’ll impose tariffs on the metal. But as Trump nears the halfway mark on his second term, the market’s many bulls are growing wary that prices could crash if he doesn’t follow through.
Venezuela Sees Nearly $76 Billion Oil Investment Over Five Years
Venezuela expects almost $76 billion of investment in its oil and gas sector over the next five years, Acting President Delcy Rodríguez said Saturday, as the country seeks to draw private capital into a push to boost energy production.
Macklem Sees Higher Oil Prices Boosting Growth, Inflation
Bank of Canada Governor Tiff Macklem said he’s seeing more evidence that higher oil prices are supporting economic growth in Canada, and expects the bank will have a higher inflation forecast at the end of the month.
Silver’s recent 50% drop from a record high hints that an economic slowdown looms
There’s a relatively off-the-radar commodity that can provide hints on where the economy is headed — and it’s seen its value drop more than 50% from a record high earlier this year.
Oil Trader Yaoyao Liu Who Made Billions for Vitol Is Leaving
Yaoyao Liu, whose trading in oil derivatives made billions of dollars for Vitol Group over a career marked by dramatic highs and lows, is leaving the commodities trading giant.
Wall Street Anxiety Spreads as AI Rout Meets $110 Oil Shock
Wall Street has spent the year betting on staggering AI growth while worrying about stubborn inflation. This week, investors got a fresh taste of both risks: a deepening rout in the AI complex that reached into its debt financing, and oil at $110 a barrel threatening to make inflation harder to contain.
Silver Price Forecast: Bears target $55 as RSI nears oversold
Silver (XAG/USD) price is poised to finish the week with losses after the white metal fell below the $60.00 key support, exacerbating the sell-off that pushed XAG/USD towards a weekly low of $55.38. At the time of writing, Silver exchanges hands near $57.00, down 0.83%.
Gold stumbles as US yields eclipse fading October Fed hike bets
Gold (XAU/USD) price retreats about 0.10%, trading at $4,163 on Friday, poised for a weekly loss as traders assess recent US inflation data, which, although hotter than foreseen, led investors to trim their hawkish bets for the Federal Open Market Committee (FOMC) October meeting.
Brent Oil Taps $110 for First Time Since May as Risks Swirl
Brent oil hit $110 a barrel for the first time since May as prospects for imminent supply relief dwindle, prompting traders to ramp up bets on higher prices ahead of the weekend.
Peru Indigenous Group Bids for Part of China-Owned Copper Mine
An Indigenous community in Peru is proposing to buy part of a copper concession from MMG Ltd. and turn thousands of artisanal miners operating there into formal suppliers to the Chinese-owned company.