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The euro retreated on Thursday after briefly hitting a near three-month high against the dollar as concerns about rising coronavirus cases in Europe grew. The dollar had earlier been on the defensive on downbeat U.S. economic data and optimism about coronavirus vaccines, but later in the session riskier currencies found it hard to maintain gains as key near-term uncertainties held back directional trades. Germans will face restrictions on public life for the foreseeable future as the country tries to suppress the spread of the coronavirus and prevent its health system ...

Iron ore inventories at ports have declined due to mill demand for pellet, concentrates and mainstream medium products. This demand

Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude rose 75 cents, or 1.6%, to settle at $48.61 a barrel, its highest since early March. U.S. West Texas Intermediate crude also closed at its highest since early March, rising 80 cents, or 1.8%, to $45.71. Both benchmarks, which gained 4% on Tuesday, rose for a fourth straight ...

The dollar edged lower against a basket of currencies on Wednesday, trading near a three-month low, even as a risk-on rally in global financial markets appeared to stall after U.S. data showed a less-than-rosy economic picture. The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery. Other data out on Wednesday showed the economy got off to a solid start in the fourth quarter, with consumer ...

NASDAQ-Adv: 1,776 Dec: 1,802 NYSE-Adv: 1,754 Dec: 2,171(Source: Nasdaq)

On 25 November from 10:00 CET, BIMCO’s Chief Shipping Analyst, Peter Sand will share BIMCO’s views on the current state of the three main

Despite some stronger activity in futures and swaps markets, domestic Chinese mills remain cautious due to falling finished steel prices.

Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joseph Biden began his transition to the White House. Brent crude settled at $47.86 a barrel, gaining $1.80, or 3.9%. U.S. West Texas Intermediate crude settled at $44.91 a barrel, rising $1.85, or 4.3%. Both benchmarks ended at their highest close since March 5. AstraZeneca on Monday said that its COVID-19 vaccine was 70% effective in trials and could be up to ...

Demand for riskier assets on Tuesday kept sterling close to the two-month high it reached the day before, with investors also hoping this week’s Brexit talks will result in a deal. News on Monday that AstraZeneca’s potential COVID-19 vaccine could be up to 90% effective boosted sentiment. British Prime Minister Boris Johnson said on Monday he hoped almost all Britons at high risk from COVID-19 would be vaccinated by Easter. England will introduce a new system on Dec. 15 allowing passengers arriving from high-risk countries to take a COVID-19 test ...

NASDAQ-Adv: 2,461 Dec: 1,183 NYSE-Adv: 3,051 Dec: 965(Source: Nasdaq)

ABB has conducted a study to show how an energy storage system could help improve the overall power efficiency of icebreakers, saving fuel

A total of 87 vessels carrying 14.52 million mt of iron ore arrived at major Chinese ports during November 15-21, SMM estimates. This was

The dollar bounced off an almost three-month low against a basket of currencies on Monday as data showed that U.S. business activity expanded at the fastest rate in more than five years in November, and after the index hit strong technical support. IHS Markit’s manufacturing and services sector purchasing managers’ indexes both topped even the most optimistic forecasts in a Reuters poll that predicted both would level off, offering a counterweight to data suggesting economic momentum was slackening after the third-quarter’s torrid rebound from an historic plunge last spring. “The ...

In remote northern Michigan a propane shortage in early 2014 caused prices to nearly double, squeezing about half of the families there who rely on the fossil fuel to heat their homes. Glenda Bowler remembers her son fitting a wood stove at his restaurant as an alternative to propane, which reaches Michigan’s Upper Peninsula via a 645 mile (1038 km) pipeline. “Everybody’s thermostats got turned down, and you turned to supplemental, like wood or electric to help. I’m old, so I can’t go cut wood,” the 68-year-old said. Now the ...

NASDAQ-Adv: 2,397 Dec: 1,228 NYSE-Adv: 2,974 Dec: 1,014(Source: Nasdaq)