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Crude Oil

The yen is on the market's radar with the 'Takaichi Trade', a turbo-charged morning bid in Europe.

Ankur Banerjee gives us a look at what the day will bring for the European and Global markets. And then we're back to screen-gazing, as the yen edged towards?160 a dollar, fueling intervention concerns, as the prospect a snap election in Japan next month turbocharges so-called "Takaichi trading". Investors are selling the Japanese government bonds and the yen because they fear low interest rates and additional stimulus for an economy that has one of the largest debt burdens of any developed country. After local media reported that Prime Minister Takaichi may call for general elections in February, the Nikkei index...

Crude Oil

Morning Bid Europe-Powell’s punch back shocks markets

Ankur Banerjee gives us a look at what the future holds for European and global markets Investors still can't wrap their minds around the latest escalation of the fight between U.S. president Donald Trump and the Federal Reserve. Chair Jerome Powell is fighting back against the "effort" to control interest rates and the Fed. The growing unrest in Iran where, according to an international rights group, more than 500 people were killed, underscored also the geopolitical issues that markets will be navigating by the beginning of 2026. This is why safe-haven assets are well supported. The markets opened trading on...

Crude Oil

MORNING BID EUROPE-Venezuela upheaval tests markets

Gregor Stuart Hunter gives us a look at what the future holds for European and global markets. The dramatic weekend that saw U.S. forces capture Venezuelan President Nicolas Maduro has caused the oil market to be roiled as the first full trading week of 2019 begins, even though the global stock markets appear to have ignored geopolitical risk for the moment. Brent crude futures fluctuated between gains and losses, but ended the day at $60.49. Traders are assessing the impact of the U.S. military attack on Venezuela, the country with the largest reserves of oil in the world, on global...

Crude Oil

Kremlin: Ukraine should pull its troops out of Donbas. A call between Putin and Trump is expected shortly

The Kremlin stated on Monday that Ukraine must withdraw its troops from the part of Donbas it still controls, if it wants peace. If Kyiv does not strike a deal it will lose more territory. Putin and Trump spoke Sunday, ahead of Trump's Miami meeting with Ukrainian President Volodymyr Zelenskiy. Dmitry Peskov, Kremlin spokesperson, said that another call was planned for very soon. Peskov declined to comment on the idea that a "free economic zone" could be created in Donbas, or the future of Zaporizhzhia's nuclear power plant (controlled by Russia), saying the Kremlin deemed it inappropriate. Peskov, when asked...

Crude Oil

The MORNING BID EUROPE - BoE will make it to the list as the others remain on course

Tom Westbrook gives us a look at what the future holds for European and global markets. The markets expect that the Bank of England will be the sole mover in a series of central bank meetings on Thursday. A 25-basis point rate cut to 3.75 percent is almost as predictable as the collapse of the top order at the Ashes Test in Adelaide. Investors were reassured by the unexpected drop in UK inflation on Wednesday. However, with inflation at the highest level among G7 countries, 3.2%, it is unlikely that further rate cuts will be imminent. Sterling is down to...

Crude Oil

WSJ reports that Trump's plans include major U.S. investments in Russia and a restoration of oil flow to Europe.

Donald Trump's peace plan in Ukraine includes proposals to?restore Russian energy flows into Europe and major U.S. The Wall Street Journal reported that investment in Russian rare earths, energy, and frozen Russian sovereign assets was being considered. The newspaper reported that the plans were included in annexes to peace proposals sent to European counterparts over recent weeks. The plan includes a plan to use $200 billion in frozen Russian sovereign assets for projects in Ukraine. This would include a new major data center powered by the Zaporizhzhia Nuclear Power Plant, now under Russian control. U.S. firms would invest in strategic...

Crude Oil

Morning bid Europe-Firming Fed cuts bets buoy stock, undercut dollar

Kevin Buckland gives us a look at what the future holds for European and global markets. The market is focused on the bets that the Federal Reserve will cut rates next week, and the murkiness in the economic data used by Fed officials to make policy decisions. The Fed is focusing on the state of the labour markets, so the Fed will release the most important data - the monthly payroll figures - in mid-December instead of today. This is the result of a record-breaking government shutdown. But at least the Fed will get key data pertaining to the other...

Crude Oil

MORNING BID EUROPE-Risk-on, risk-off, risk-on

Rae Wee gives us a look at what the European and global markets will be like tomorrow. In the last month, there have been several instances where a rally in the market was suddenly halted due to sudden risk aversion. Sometimes this happened without any obvious cause. Shortly afterward, an upswing followed. Wednesday was another example of this. After a Monday drubbing, global stocks rose and bitcoin reclaimed its $90,000. It was at its highest level in almost two weeks. The European markets were also poised for a steady opening, as investors waited for the remarks of European Central Bank...

Crude Oil

MORNING BID EUROPE-Reeves takes centre stage

Gregor Stuart Hunter gives us a look at what the markets will be like in Europe and around the world. It is make-or-break for Britain's Finance Minister Rachel Reeves, who will unveil her budget later today. The budget could contain tens or hundreds of millions of pounds worth of new taxes. In Asian trading, the pound is up 0.2% to $1.3193, a rise of a fifth day in a row ahead of her speech at 1230 GMT. Sources say that after the meeting between the new Japanese Prime Minister Sanae Takayichi and BOJ governor Kazuo Ueda last week, the Bank...

Crude Oil

MORNING BID EUROPE - Hush over the markets before Nvidia

Tom Westbrook gives us a look at what the future holds for European and global markets. The financial markets are in a holding pattern before the earnings report of Nvidia later on Wednesday. Nvidia is near 7% of the S&P 500, which means that wherever Nvidia goes, the market goes. It reports after business hours. CPI data for Britain is due before the release. It would take an unexpectedly large increase to derail the rate cut that has been priced into the markets for December. The Asian session saw a mostly stable market for stocks, bonds, and currency. However, gains...

Crude Oil

Morning bid Europe-Nvidia earnings to likely overshadow US delayed data

Tom Westbrook gives us a look at what the future holds for European and global markets. On Monday, the U.S. economy will start to flow again with figures on construction spending for August. On Thursday, September's jobs data will be released. The next month will bring more up-to date figures on labour and prices. However, due to concerns over the quality of these data and hawkish comments from policymakers, expectations for a December rate cut are fading. The main event for markets this week is likely Nvidia earnings after the close on Wednesday, which are shaping as a test for...

Crude Oil

Morning bid Europe-Markets fall as Fed cuts hang in the balance

Gregor Stuart Hunter gives us a look at what the future holds for European and global markets. The markets have had a traumatic 24 hours as traders reduced their expectations that the U.S. Federal Reserve would ease policy during its December meeting. A cut is now seen as a coin flip. All three fell: stocks, Treasury bonds, and the U.S. Dollar. Data released on Friday revealed that China's retail sales and factory output grew at the slowest pace for over a decade in October. Fed officials' comments have increased the likelihood of a "hold" at the central bank’s final meeting...

Environment

Environment

EU wheat prices fall as fears about damage from winter weather to US and Russian crops diminish

Euronext wheat prices fell on Monday, as fears over damage caused by cold to U.S. crops and Russian crops faded. Meanwhile, a stronger Euro added to the export challenges for Western Europe. At 1656 GMT, March milling grain, the most actively traded?position? on Euronext's Paris based futures was down 1% to 189 euros ($224.65). Euronext monitored a decline in Chicago wheat which had given back some of its gains made on Friday. The arrival of extreme cold weather in the United States had sparked a rally in advance of the weekend. However, traders took the view on Monday that crop...

Environment

What is the suspected toxin in the recalled baby formula, cereulide?

Nestle, Danone, and Lactalis are among the major dairy companies that have issued "precautionary" recalls for infant milk powder due to concerns about it being contaminated with the toxin Cerulide. What is cereulide? The?toxin? Cereulide, produced by certain strains of Bacillus cereus bacteria that is found in raw foods and the environment is called the?cereulide? Where is it found? When bacteria multiply in food, it usually occurs when food is left at room temperature for too long. The condition is often associated with rice that has been cooled after cooking, and so it's called "fried rice syndrome." It can also...

Environment

France investigates the link between milk formula and two infant deaths

The French Health Ministry announced on Friday that French investigators were investigating the deaths of two infants after they consumed baby formulas which had been recalled as a precaution earlier in the month. The Bordeaux prosecutor revealed that one of the babies who died in Pessac, southwest France, was fed Guigoz powdered milk by Swiss company Nestle. An investigation is underway to determine the cause of death. The ministry stated that there was?no evidence to date' linking the deaths with the baby formula. Nestle and privately-owned French group Lactalis recalled batches sold in France this month due to possible contamination...

Mining

Mineral Resources

Mineral Resources

Details of EU-India Trade Deal - Tariffs, Quotas and Market Access

India and the European Union concluded negotiations on the long-awaited Free Trade Agreement as both sides sought to soften the impact of the strained relations with the United States. The pact opens the way to?freer trade of goods and services' between India and the EU, which together represents a market with approximately 2 billion people. The following are the key details of this deal: BENEFITS TO EU EXPORTERS - Indian tariffs will 'fall to zero' on goods traded with EU immediately. Tariffs on 90% of EU exports will be reduced or eliminated EU firms can save up to $4.74 billion...

Mineral Resources

Stellantis production in Italy will reach a 71-year low by 2025, according to unions

The FIM Cisl trade union said that the production of Stellantis vehicles in Italy fell 20% annually in 2025, to 379.706 cars. This is a new concern for the future health of the Italian auto industry. The government of Prime Minister Giorgia Melons said that in 2023, it wanted Stellantis' Italian auto production to reach 1 million units a year. However, the automaker has continued to shrink. FIM Cisl's?Ferdinando Uliano, who presented the union report, said that in 2025 the production of passenger vehicles, excluding light commercial vehicle, will fall by 24.5% on an annual basis to 213,706 cars, the...

Mineral Resources

Thyssenkrupp will close electrical steel plants as Asian imports threaten additional 1,200 jobs

Thyssenkrupp’s steel unit announced that it would temporarily stop production of electrical steel, a material key to wind turbines and electricity grids. It blamed 'cheap imports' from Asia, which it warned were putting an additional '1,200 jobs in danger. According to industry sources, the move was previously unknown and highlights the struggles Europe's steel industry faces in the face global trade frictions which have forced Chinese competitors to sell surplus capacity on the continent at a lower price, even by a quarter. Thyssenkrupp Steel Europe, Europe's second largest steelmaker, has already cut or outsourced 11,000 jobs as a response to...

Mineral Resources

European shares fall as Fed meeting dominates the news; EssilorLuxottica also falls

European shares closed flat on Tuesday as investors remained cautious ahead of the U.S. Federal Reserve’s two-day meeting. EssilorLuxottica also fell after Google announced plans to launch AI powered glasses. The STOXX 600, the pan-European index, closed at 578.11. The regional benchmarks showed mixed results, with Germany's DAX rising 0.5% and France’s CAC-40 falling 0.7%. Google announced that it will launch artificial intelligence-enabled eyewear in 2026, with Warby Parker. Other luxury stocks were also affected by the news, including Kering, LVMH and LVMH Group, which declined 2% and 1.40% respectively. Sector losses were led by the broader luxury index, which...

Mineral Resources

France continues to oppose nationalisation of ArcelorMittal sites

It said that the French government would continue to oppose any plans to nationalise French steelmaker ArcelorMittal's sites, as its workers are at risk of losing their jobs due to the tough market conditions. After the French lower chamber of parliament approved a motion to nationalize the sites, Finance Minister Roland Lescure issued a statement reiterating the government's goal to avoid any form of nationalisation. La France Insoumise, a far-left party, has put forward the motion that the French Senate will consider. The government has consistently opposed the motion. The bill was passed late Thursday night by 127 votes to...

Mineral Resources

AIP to sell or list French aluminum plant, union claims

A union official announced on Friday that American Industrial Partners, an investment firm based in the United States, plans to sell or list Aluminium Dunkerque on the stock exchange, France's biggest aluminium plant. Johan Vlietinck told CGT that the local management had informed the workers of AIP’s plan. Bloomberg News reported earlier that AIP considered a sale or listing of Aluminium Dunkerque. The company acquired the property four years ago after GFG Alliance defaulted on its debts. GFG Alliance is owned by commodities tycoon Sanjeev Gupta. A spokesperson from AIP France stated that the fund did not deny the reports...

Mineral Resources

French and Benelux stocks - Factors to watch on 21 Nov

Here are some company news and stories that could impact the markets in France and Benelux or specific stocks. ABIONYX SA: The biotech company Abionyx Pharma has announced a global strategic partnership exclusively with Sebia. This partnership will transform sepsis diagnostics and validate new test for early sepsis detection. Financial terms and milestones remain confidential. Boiron SA, a homeopathic drug manufacturer, announced that Thierry Boiron will step down from his position as Deputy CEO on December 31, 2025. EIFFAGE SA. French construction company Eiffage has won a second contract for the construction of infrastructure at the Madrid street circuit, Spain....

Mineral Resources

Congo bans trade in minerals from war-torn east

The mines ministry announced that the Democratic Republic of Congo extended for another six months the ban on trading minerals from dozens of sites of artisanal gold mining in the conflict-hit provinces of North and South Kivu. The extension increases compliance pressure on global supply chain for tin tantalum and titanium, which are key inputs to the electronic, automotive, and aerospace industries. According to an order signed by Mines Minister Louis Watum Kabamba on November 3, the ban introduced in February is still in effect because there is evidence that the illegal supply of mines funds armed groups in eastern...

Mineral Resources

Solvay signs two contracts to supply rare Earths to US magnet manufacturers

Solvay, a French chemical company, announced on Wednesday that it has signed two agreements to supply rare-earths to U.S. magnetic makers in order to expand its processing facility. Solvay is one of only a handful of companies outside China that can perform the difficult rare earths separation. In April, it began processing minerals for permanent magnets in its French facility. However, commercial production will depend on government and customer support. Separate statements stated that Solvay has concluded agreements to supply rare-earth oxides with U.S. firms Noveon Magnetics & Permag. In order to reduce dependence on China, the United States, Europe,...

Mineral Resources

Solvay to build rare earths plant where the support is stronger in US

The CEO of Solvay, a chemical group, said that the company would be interested to build a processing plant for rare earths in the United States where there is more financial support than in Europe. Solvay is one of only a handful of companies outside China that can perform the difficult rare earths separation. In April, it began processing minerals for permanent magnets in its French facility. However, commercial production will depend on government and customer support. In order to reduce dependence on China, the United States, Europe, and their allies are racing to develop domestic industries that can produce...

Mineral Resources

French and Benelux stocks: Factors to watch for on November 6

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. WORLDLINE: Worldline said it plans to raise 500 millions euros ($583million) as part a capital infusion, which will be used to help the French payments company recover from years' worth of setbacks, and restore investor trust. ELIS SA: A global leader in circular services in action Elis acquired 100% ownership of Lavanderia Hospitalar Acqua Flash Ltda (Acquaflash) in Brazil. The company is based in Brasilia and generated revenues of approximately 6 million euro in 2024. Integration into the Group's accounts...

Mineral Resources

Exosens expands its capacity to meet the strong demand for night vision equipment

Exosens announced on Monday that it will nearly double its planned investment in capacity after the French defence tech firm's revenue for nine months jumped by 23%, due to an increase in demand for night-vision equipment from NATO member countries. The manufacturer of night vision equipment and components for scientific instrumentation expects to increase their global capacity by 40% by the year 2027. This is an increase from the 25% it announced in March. An additional investment of £17 million ($20 million) will be made in Europe. In a recent press release, Exosens CEO Jerome Cerisier stated that the company...