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French and Benelux stocks-Factors to see
Below are companyrelated news and stories from France and Benelux which might have an effect on the area's markets or individual stocks. ATENOR: Belgian property group on Fridaysaid it had actually lowered its consolidated net debt by 46 million euros in the very first quarter. RENAULT French battery start-up Verkor said on Friday it had actually protected more than 1.3 billion euros in green funding for its first battery gigafactory in Dunkirk, finalising its funding. The funding enables Verkor to fund building of the plant, which will supply Renault's premium and Alpine electrical models amongst others. TOTALENERGIES: Shareholders in French oil and gas significant mostly backed the business's technique and its CEO on Friday, however assistance has deteriorated since in 2015 as some financiers called out its insufficient reaction to climate modification. Pan-European market information: European Equities speed guide ... ... ... ... FTSE Eurotop 300 index ... ... ... ... ... ... DJ STOXX index ... ... ... ... ... ... ... ... Leading 10 STOXX sectors ... ... ... ...... Leading 10 EUROSTOXX sectors ... ... ...... Top 10 Eurotop 300 sectors ... ... ...... Top 25 European pct gainers ... ... ... ... ... Top 25 European pct losers ... ... ... ... ... Main stock markets: Dow Jones ... ... ... Wall Street report ... Nikkei 225 ... ... ... Tokyo report ...... FTSE 100 ... ... ... London report ...... Xetra DAX ... ... ... Frankfurt products ... ... CAC-40 ... ...... Paris items ...... World Indices ... ... ... ... ... ...... study of world bourse outlook ... ... European Asset Allocation ... ... ... ... ... News at a glance: Top News ... ... ... Equities ... ... ... Main oil report ...... Main currency report ...
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METALS-Shanghai aluminium rises on alumina rate surge, firm need
Costs of aluminium futures in Shanghai gained on Monday, supported by a strong price rally in key basic material alumina and robust need. The most-traded July aluminium contract on the Shanghai Futures Exchange advanced 0.4% to 20,960 yuan ($ 2,894.03) per metric heap as of 0134 GMT. The London Metal Exchange is closed on Monday for a bank holiday. The most-traded SHFE alumina agreement got 8.3% recently, enhanced by speculative trading offered restricted supply and rising need expectations. The most-traded July alumina contract climbed up 0.7% to 4,106 yuan per heap. Also aiding rates was firm need, especially the rapid boosts in usage from solar and electric vehicles sectors, analysts stated. SHFE copper little moved at 83,830 yuan a heap, nickel added 0.8% to 153,350, zinc was steady at 24,625 yuan, lead rose 0.7% to 18,605 yuan, while tin decreased 0.4% to 27,370 yuan. For the leading stories in metals and other news, click or DATA/EVENTS (GMT) 0800 Germany Ifo Company Climate New May 0800 Germany Ifo Curr Conditions New May 0800 Germany Ifo Expectations New May
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VEGOILS-Palm oil almost flat as weaker Dalian rivals weigh
Malaysian palm oil futures were little bit altered on Monday, as weak point in competitor Dalian contracts and low trading volume weighed, though quotes of higher exports topped losses. The benchmark palm oil agreement for August delivery on the Bursa Malaysia Derivatives Exchange edged down 2 ringgit or 0.05%, to 3,883 ringgit ($ 825.47) per metric heap by the midday break. Favourable May 1-25 export information had actually seen Malaysian palm oil futures opening greater. However, costs slowly alleviated off matching competitor Dalian oils' motion, a Kuala Lumpur-based trader said. Low trading volume was likewise kept in mind at 9,951 contracts, the trader said. Malaysian palm oil exports for May 1-25 rose in between 2.4%. and 3.1% from the month before, according to freight surveyors. Dalian's most-active soyoil contract fell 0.77%,. while its palm oil agreement lost 0.18%. Palm oil is impacted by cost motions in associated oils as. they complete for a share of the global veggie oils market. Oil prices steadied in Asian trading on Monday as markets. awaited an OPEC+ meeting on June 2 where manufacturers are expected. to talk about keeping voluntary output cuts for the rest of the. year. By 0409 GMT, the benchmark Brent crude was up 18. cents to $82.30 per barrel. Firmer petroleum futures make palm a more attractive option. for biodiesel feedstock. The ringgit, palm's currency of trade, strengthened. 0.13% versus the dollar, making the commodity more expensive. for buyers holding the foreign currency. Palm oil is expected to retest support at 3,865 ringgit per. metric load, a break below which might break the ice towards a. range of 3,812 ringgit to 3,832 ringgit, technical. analyst Wang Tao said.
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India's robust LNG imports are Asia's standout, however greater prices may weigh: Russell
Asia's imports of melted gas (LNG) are displaying contrasting characteristics in May, with strength in generally pricesensitive buyers like India, but a softer pattern in the established economies such as Japan and South Korea. The top-importing continent is on track to receive about 23.61 million metric lots of the super-chilled fuel this month, according to information assembled by commodity experts Kpler. This is up slightly from April's 23.23 million loads, although every day May's arrivals are a touch weaker, while they are more powerful than the 20.75 million from May 2023. However while the total LNG import figures are relatively steady for Asia this month, the breakdown is rather at chances with recent movements in the area price. India's May imports are estimated at 2.46 million heaps, up from 2.03 million in April and the greatest month considering that October 2020. The rise in arrivals comes even as the area rate for delivery to North Asia has been rallying, rising from a. near three-year low of $8.30 per million British thermal units. ( mmBtu) in the week to Feb. 23 to a five-month high of $12.30. last week. What deserves noting is that the cargoes arriving in India. in May would have been secured in a window from later February. to early April, a time when spot rates were increasing but were. still listed below the $10 per mmBtu level. Now that the area cost has risen decisively above that. level, it raises the possibility that Indian utilities will. downsize purchases as LNG will no longer be competitive in the. domestic market. There may be some early signs of this with Kpler tracking. 1.13 million tons of arrivals so far in June, over half of. that originating from the United States, suggesting those cargoes would. have been protected at costs before the recent rise. Another South Asian purchaser with robust LNG imports is. Pakistan, with Kpler tracking arrivals of 730,000 loads in May,. which along with the exact same volume in January marks the strongest. outcome since June 2022. Qatar is the major provider to both India and Pakistan and. it's likely that the South Asian nations had the ability to secure. competitive terms for area freights offered the Gulf manufacturer is. likely to have seen lower need from Europe in current months. LNG vessels have been preventing the Red Sea and Suez Canal. since of attacks on shipping by Yemen's Iran-aligned Houthi. group, despite the fact that up until now no LNG carrier has actually been targeted. This suggests Qatar's LNG deliveries to Europe have actually been. declining, dropping to 870,000 tons in May, the lowest since. August and below a recent peak of 1.23 million tons in. January. But they may be recovering with Kpler tracking exports of. 1.02 million lots of LNG to Europe so far for June, and an. ongoing healing in volumes to Europe may cut those readily available at. discount rates to India and Pakistan. NORTH ASIA EASES In contrast to the strength in LNG imports in South Asia,. those in North Asia were softer in May. China, the world's top purchaser, is on track to receive 5.96. million loads in May, below 6.47 million in April and the. least expensive regular monthly overall given that February, according to Kpler. Nevertheless, China's imports are most likely to surpass the 5.80. million lots from May in 2015, continuing the pattern so far. this year of greater LNG arrivals amid a recovering economy and. constrained hydropower output. Japan, the world's second-biggest LNG buyer, is expected to. import 4.83 million tons in May, below 5.36 million in. April, however greater than the 4.13 million from May in 2015. Third-ranked South Korea is on track for May imports of 3.45. million loads, down from 3.99 million in April but greater than. the 3.19 million from May last year. The general dynamic for the big three North Asian importers. is that arrivals are trending lower, in line with usual seasonal. relocations, however imports are higher on a yearly basis, which does. supply fundamental assistance for the higher area price. Nevertheless, the recent spike higher in area prices may start to. weaken imports in South Asia from July onwards, in addition to in. China, where an increase above $10 per mmBtu makes it hard for. LNG to compete in the domestic market. The opinions revealed here are those of the author, a writer. .
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Iron ore dips as falling need weighs
Iron ore futures rates moved on Monday as some investors and traders liquidated particular long positions to cash in revenues on bets of faltering demand entering seasonally slack steel demand season in leading customer China, while deliveries increased. The most-traded September iron ore agreement on China's. Dalian Product Exchange (DCE) ended morning trade. 0.88% lower at 901 yuan ($ 124.36) a metric heap. The benchmark June iron ore on the Singapore. Exchange was 0.95% lower at $119.65 a lot, since 0358 GMT. A seasonally slowing need for steel items will also. drag down usage for iron ore, analysts at Sinosteel. Futures stated in a note. On the other hand, the worldwide weekly iron ore shipments have been. above 30 million tons for five straight weeks, and shipments. from some mainstream suppliers are slowly swinging back into. the uptrend. High supply and reasonably weak demand collectively. contributed to the relentless pick-up in portside inventories. even at a time when stocks usually fall, they included. Weighing on belief is likewise a loss of 22.22 billion yuan. in the very first four months in the steel industry, although China's. commercial revenues swung back into favorable territory in April,. data from the nation's National Bureau of Stats revealed. Other steelmaking active ingredients on the DCE likewise lost ground,. with coking coal and coke down 1.19% and. 0.11%, respectively. The majority of steel standards on the Shanghai Futures Exchange were. down on lower basic materials rates and slowing downstream. need. Rebar lost 0.53%, hot-rolled coil fell. 0.61%, wire rod dipped 0.32%, while stainless-steel. included 0.55%. Steel demand has rather declined with deal volumes. falling and destocking decreasing, analysts at Everbright. Futures stated in a note.
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Rio Tinto, BHP to team up on electrical haul truck trials in Pilbara
Top Australian miners Rio Tinto and BHP Group will interact for screening big batteryoperated electrical haul truck technology in the Pilbara area of Western Australia, Rio Tinto stated on Monday. Rio and BHP, which are targeting to accomplish net no operational greenhouse gas emissions by 2050, will work with producers Caterpillar and Komatsu to conduct independent trials of their battery-electric haul trucks, Rio said in a statement. The trials will be carried out to evaluate performance and performance in the Pilbara environment and represent the first phase of electric haul truck screening at BHP and Rio's Pilbara operations. Two Cat 793 haul trucks will be trialled from the second half of 2024, and two Komatsu 930 haul trucks will be checked from 2026 under the cooperation. As we work to repower our Pilbara operations with renewable energy, cooperations like this move us closer to solving the shared obstacle of decarbonising our operations, and conference our net absolutely no commitments, Rio Tinto Iron Ore President Simon Trott said.
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Cricket-Australia's Starc validates cost in alerting shot before World Cup
A sluggish start in the Indian Premier League put Mitchell Starc's record price under the microscopic lense but the Australian allformats hero underlined his worth as he lifted Kolkata Knight Riders to a 3rd title. Starc, the costliest cricketer in the history of the league, was called Player of the Match after taking 2-14 versus Sunrisers Hyderabad, including bowling opener Abhishek Sharma with an unplayable shipment that pundits evaluated the competition's finest. The efficiency followed on from his dazzling semi-final when he took 3 wickets and bowled Australia group mate Travis Head with the second ball. Starc started the competition as one of its least economical bowlers, creating headings throughout the world that compared his $2.98 million price tag with his scarceness of wickets. It likewise resulted in a couple of light-hearted barbs from group mates. None will be making fun of him now. There have been plenty of jokes. A lot has actually been made from the cash, stated the rangy left-armer. I am older and more experienced now, so that has aided with managing the expectations and leading the attack. It's been a great deal of fun, it's been terrific to find out and see how these guys go about it but full credit to the entire players and personnel, it's made my life pretty easy. Starc's sensational recover in the IPL burnishes his record in big matches and comes days before the T20 World Cup begins in the United States and the Caribbean. The 34-year-old took 3 wickets in the last of in 2015's 50-over World Cup against hosts India and will likely be important for Australia's hopes of becoming the first country to hold cricket's 3 worldwide prizes in tests, ODIs and T20. Kolkata's eye-watering bid for Starc during the IPL auctions stunned the cricket world late in 2015 however it now appears to have been a master stroke. They may need to hand over more to maintain his services in 2025. Hyderabad captain Pat Cummins will no doubt be happier playing with Starc for Australia than versus him in the IPL. I believed they bowled exceptionally, Cummins stated after Hyderabad were skittled for 113. Unfortunately, my old mate Starcy turned it on again.
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VEGOILS-Palm oil edges up on much better export quotes, firmer petroleum costs
Malaysian palm oil futures rose on Monday, as quotes of higher exports of the edible oil and firmer petroleum costs countered weakness in rival oils and underpinned the market. The benchmark palm oil contract for August shipment on the Bursa Malaysia Derivatives Exchange got 12 ringgit or 0.31%, to 3,897 ringgit ($ 828.44) per metric ton throughout early trade. The agreement had lost 0.18% last week. FUNDAMENTALS * Malaysian palm oil exports for May 1-25 rose between 2.4% and 3.1% from the month in the past, according to freight surveyors. * Oil rates remained in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are anticipated to talk about preserving voluntary output cuts for the remainder of the year. * By 0305 GMT, the benchmark Brent crude was up 0.15% at $82.24 per barrel. * Firmer crude oil futures make palm a more appealing option for biodiesel feedstock. * Dalian's most-active soyoil agreement fell 0.72%,. while its palm oil agreement lost 0.13%. * Palm oil is affected by price movements in related oils as. they complete for a share of the worldwide vegetable oils market. * The ringgit, palm's currency of trade, reinforced. 0.15% versus the dollar, making the commodity more expensive. for buyers holding the foreign currency. * Palm oil is anticipated to retest assistance at 3,865 ringgit. per metric lot, a break below which could open the way towards a. range of 3,812 ringgit to 3,832 ringgit, technical. expert Wang Tao said. MARKET NEWS * Asian shares edged higher on Monday as financiers braced. for a hectic week of information which culminates in an essential U.S. inflation. report that might set the phase for a cut in rate of interest. there, albeit not for a few months yet. DATA/EVENTS 0800 Germany Ifo Service Environment New May 0800 Germany Ifo Curr Issues New May 0800 Germany Ifo Expectations New May. ($ 1 = 4.7040 ringgit)
French and Benelux stocks-Factors to enjoy
Below are companyrelated news and stories from France and Benelux which might have an influence on the region's markets or specific stocks.
ADP:
French airport operator stated on Tuesday that Augustin de Romanet de Beaune had actually been designated interim Chairman and CEO of Aéroports de Paris, citing a decision of the French Prime Minister Gabriel Attal.
ATOS:
Czech billionaire Daniel Kretinsky is taking a look at options to try to encourage financial institutions to side with him in the battle for Atos, a source near the matter stated, as the distressed IT company seeks a debt restructuring strategy by May 31.
KLEPIERRE:
Shopping centers operator, whose occupants include Zara and H&M, is purchasing Italy's RomaEst shopping centre, its Chairman Jean-Marc Jestin told on Tuesday, as the French shopping mall owner actions up its presence in huge European cities.
GTT:
GTT Group mutual fund revealed on Tuesday that it had participated in a 4 million euros financing round to support the advancement of CryoCollect, a French engineering company focused on gas handling technologies.
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