Crude Oil Up
Gold: Gold prices steady Tuesday as investors kept a cautious stance ahead this round of US-China trade talks, as the firmer USD capped gains for the bullion, which saw some support from global economic slowdown worries.
- Spot gold was firm at $1,309 oz, as of 0605 GMT, after falling 0.4% in the prior session.
- US gold futures are flat to unchanged at $1,312.70 oz.
Gold is being pushed around by the US near term. Traders are getting out of anything to do with EU on concerns of weakness in the region and going for safe-haven buying into US treasuries, which is pushing up USD in here.
Energy: Crude Oil prices ticked up after falls Monday as traders weighed support from OPEC-led supply restraint and a slowdown in the global economy.
- NYMEX WTU Crude Oil futures traded at $52.68 bbl, + 0.5%.
- ICE Brent Crude Oil rose 0.6% to $61.89 bbl
Equities: Asian shares gained Tuesday as investors hoped this new round of US-China trade talks would help to resolve a dispute that has dented global growth and some corporate earnings.
S&P 500 e-mini futures were up nearly 0.5%.
Spreadbetters expected European stocks to track Asia and open higher, with Britain’s FTSE gaining 0.25% and Germany’s DAX and France’s CAC each adding 0.5%.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3%.
The Shanghai Composite Index rose 0.35%, SKorea’s KOSPI climbed 0.6% and Australian shares were up 0.3%.
Japan’s Nikkei advanced 2.6% after a market holiday Monday, lifted by a weaker JPY.
Currencies: The USD held firm, having gained for 8 sessions running Vs a basket of 6 peer currencies until Monday, its longest rally in 2 years. And
is up to a 6-week high of 110.65 JPY.
EUR dropped to as low as $1.1267, its weakest in 2.5 months, and last traded at $1.1277.
Commodities: Energy, Metals, and Agriculture Grains
|COMMODITY||LAST||CHANGE||% CHANGE||EXP DATE||TIME|
|NYMEX Crude Oil »||52.55 USD||+0.14||+0.27%||Feb 19||1:36AM EST|
|ICE Brent Crude »||61.76 USD||+0.25||+0.40%||Feb 19||7:00PM EST|
|NYMEX RBOB Gasoline »||1.42 USD||+0.00||+0.34%||Feb 19||1:35AM EST|
|Dubai Crude Spot »||61.91 USD||+0.32||+0.52%||Dec 02||1:46AM EST|
|ICE Gas Oil »||582.50 USD||+0.00||0.00%||Feb 19||7:00PM EST|
|NYMEX No2 Heating Oil »||1.90 USD||+0.00||+0.18%||Feb 19||1:35AM EST|
|NYMEX Nat Gas »||2.65 USD||+0.01||+0.49%||Feb 19||1:35AM EST|
|ICE NBP Nat Gas »||47.81 GBP||+0.00||0.00%||Feb 19||7:00PM EST|
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