$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD
FLASH: Gold Flat USD Up, Crude Oil Up, Stocks Up
Headlines
- Asian shares tick higher, euro near 2-month lows before ECB decision
- Crude Oil advances on Gulf tensions, but demand concerns cap gainers
- Gold steadies ahead of ECB decision; firm USD caps appeal
- Fed to cut rates for first time in a decade this month: Reuters Poll
- Market attention will be squarely on the ECB rate decision after
Gold: Gold steady Thursday ahead of ECB policy meeting later in the day, while a stronger USD pressured the safe-haven metal.
- Spot gold flat at $1,425.80 oz, as of 0724 GMT,
- US gold futures were +0.1% at $1,425.60 oz
Gold prices have been ranged, some money managers are starting to shut some positions to prepare for the Fed meeting, and also the ECB decision coming out today.
Energy: The overall sentiment in the Crude Oil market has darkened as investors worry that slowing global economic growth will weaken demand for petroleum.
- ICE Brent Crude Oil futures +28c, or 0.4%, to $63.46 bbl by 0650 GMT, after dropping 1% overnight, the 1st decliner in 4 sessions running,
- NYMEX WTI Crude Oil was +27c, or 0.5%, at $56.15 bbl, having dropped 1.6% in the prior session.
Equities: European shares, with pan-region Euro Stoxx 50 futures up 0.45%, German DAX futures up 0.43% and FTSE futures up 0.19% in early European trade.
Japan’s Nikkei touched near 3 month highs before trimming gains to be up 0.26%. Australian shares neared a 12-year high driven by expectations the ECB and the Fed will lower borrowing costs soon.
Chinese blue-chips added 0.48%, as investors looked with hope to a face-to-face meeting between Top US and Chinese negotiators next week, even if there are few signs that it will produce real progress in the two countries’ trade war.
Shares in SKorea dropped 0.46% as leading chipmakers shed recent gains amid trade tensions between Seoul and Tokyo.
MSCI’s broadest index of Asia-Pacific shares sans Japan, which had begun the day broadly unchanged, was last up 0.23%.
Currencies: Eurozone manufacturing contracted for the 6th month running. That pushed EUR to $1.1125, a level not seen since late-May. It was last at $1.1134
.DXY was flat at 97.724.
Japanese Yen Vs USD was lower at 108.15.
The GBP was last trading down 0.05% at $1.2475, after falling for several sessions as market participants feared the looming possibility of a no-deal BREXIT under Britain’s new PM, Boris Johnson.
Commodities (quotes): Metals, Energy, and Agriculture Grains
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| Gold Spot » | 1,425.80USD | +0.00 | 0.00% | Dec 02 | 4:19AM EDT |
| COMEX 100oz Gold » | 1,422.80USD | +0.00 | 0.00% | Jul 19 | 7:01PM EDT |
| Silver Spot » | 16.53USD | -0.06 | -0.36% | Dec 02 | 4:19AM EDT |
| Platinum Spot » | 880.00USD | +4.50 | +0.51% | Dec 02 | 4:19AM EDT |
| Palladium Spot » | 1,537.54USD | -2.46 | -0.16% | Dec 02 | 4:19AM EDT |
| COMEX Copper » | 2.71USD | +0.00 | +0.11% | Jul 19 | 3:31AM EDT |
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| NYMEX Crude Oil » | 56.18 USD | +0.30 | +0.53% | Aug 19 | 4:21AM EDT |
| ICE Brent Crude » | 63.48 USD | +0.30 | +0.47% | Jul 19 | 4:21AM EDT |
| NYMEX RBOB Gasoline » | 1.87 USD | +0.01 | +0.64% | Jul 19 | 4:18AM EDT |
| Dubai Crude Spot » | 62.66 USD | +0.18 | +0.29% | Dec 02 | 4:31AM EDT |
| ICE Gas Oil » | 588.25 USD | -4.25 | -0.72% | Aug 19 | 4:21AM EDT |
| NYMEX No2 Heating Oil » | 1.92 USD | +0.01 | +0.56% | Jul 19 | 4:18AM EDT |
| NYMEX Nat Gas » | 2.23 USD | +0.01 | +0.31% | Jul 19 | 4:21AM EDT |
| ICE NBP Nat Gas » | 27.80 GBP | +0.16 | +0.58% | Jul 19 | 4:19AM EDT |
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| CBOT Corn » | 423.75USC | -0.25 | -0.06% | Sep 19 | 4:24AM EDT |
| CBOT Wheat » | 493.50USC | -4.25 | -0.86% | Sep 19 | 4:24AM EDT |
| KCBT Wheat » | 437.75USC | -1.75 | -0.40% | Sep 19 | 4:23AM EDT |
| MGE Spring Wheat » | 564.00USC | -1.25 | -0.22% | Dec 02 | 1:00AM EDT |
| Euronext Milling Wheat » | 175.25EUR | +0.00 | 0.00% | Sep 19 | 12:29PM EDT |
| CBOT Soybean » | 893.50USC | +2.50 | +0.28% | Aug 19 | 4:02AM EDT |
Stay tuned…
Asia: Gold, USD, Crude Oil, Stocks & Commodities added by Paul Ebeling on
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Paul Ebeling
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