Copper inventories on the Shanghai Futures Exchange fell 13% to 73,423 tonnes on Friday to the lowest level since December, ING’s commodity experts Ewa Manthey…
Markets have taken the news of a US-EU trade deal positively. The deal is largely as rumoured in the middle of last week and seems to…
Oil prices edged lower yesterday with ICE Brent settling 0.9% lower on the day amid concerns over tariffs, with the 1 August deadline fast approaching.…
Equity markets are trading higher around the world on news that President Trump has announced a trade deal between the US and Japan, ING’s FX…
European natural Gas prices steadied after last week’s decline, as supply concerns eased with improved Norwegian flows. However, firm price support may still be needed…
Recent UK data releases have not endorsed the market’s tentative speculation on faster Bank of England easing, and two-year GBP swap rates are around 8bp…
News from the weekend that the US could impose 30% import tariffs on the EU and Mexico hasn’t moved markets too much. Equity futures in…
Speculators sharply boosted their net long positions in ICE Brent and gasoil futures last week, driven mainly by new long entries as they focused on…
There is still no news on the EU trade proposal to the US, but in our view, an EU–US trade deal is unlikely to have…
US natural gas futures surged after the EIA reported a smaller-than-expected inventory build, with storage rising just 53bcf versus forecasts of 62bcf. Despite stocks remaining…