United States 8-Week Bill Auction

United States 4-Week Bill Auction

Euro Area ECB Elderson Speech

United States 15-Year Mortgage Rate

US energy firms injected 101 billion cubic feet of natural gas into storage  to 2.29 trillion cubic feet on the week that ended May 15th, slightly above market expectations of a 95 bcf build. The elevated sharp build took place despite strong demand for US liquified natural gas from consumers in Europe and Asia, as the US and Iran conflict blockaded LNG tankers from leaving the Persian Gulf with cargoes. Stocks were 1.4% above comparable periods of the previous year, and 6.6% above the current five-year average.

US Natural Gas Stocks Extend Build

Copper futures were at $6.2 per pound, sustaining the pullback from the record high of $6.65 on May 13th as skepticism over a peace agreement in the Middle East maintained energy prices elevated, squeezing demand for manufacturing inputs. Energy prices regained traction as momentary optimism over an agreement between the US and Iran waned, pressuring industrial metals. Still, prices drew support from a rally in artificial intelligence-related technology stocks since the start of May, which strengthened expectations for demand tied to electrification wiring in data centers. Meanwhile, supply from Codelco risked a pullback as the company is targeting roughly $2 billion in cost reductions and additional revenue through the integration of operations across three copper mines, as the company seeks to counter the effects of stagnant production and rising debt levels.

Copper Holds Retreat from Record High

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, extended its decline into a fifth day on Thursday, falling about 1.4% to its lowest since May 5 at 2,964 points, pressured by the larger vessel segments. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, slipped 4.1% to 2,276 points; and the capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, fell 0.9% to an over two-week low of 4,834 points. Conversely, the supramax index went up 0.3% to 1,571 points.

Baltic Dry Index Falls to Over 2-Week Low

LuxX increased to 2170.00 Index Points, the highest since June 2008. Over the past 4 weeks, Luxembourg Stock Exchange gained 5.43%, and in the last 12 months, it increased 43.43%.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News