Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities


FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up

European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it.

Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!”

In Asia

Gold: Spot gold +0.2% to $1,296.45 oz..

Energy: Crude Oil prices rose Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.

  • NYMEX WTI Crude Oil futures were $56.97 bbl at 0054 GMT, +18c, or 0.3% from Monday’s settlement.
  • Ice Brent Crude Oil futures were at $66.75 bbl, +17c, or 0.3%

A rally in broader financial markets also supported Crude Oil futures, although analysts warn of risks to the global economy.

Equities: MSCI’s broadest index of Asia-Pacific shares sans Japan was up 1.08%, with early gains reinforced by a rise in Chinese shares and Crude Oil companies, which were buoyed by higher prices.

Chinese blue chips rose 1.3%, extending the prior day’s 2% gainer

Australian shares were up 0.4%, while Japan’s Nikkei stock index jumped 1.9%, aided by a weaker JPY.

The amended Brexit deal gave a further boost to investors’ appetite for riskier assets, after global equity indexes climbed overnight on gains in technology stocks and expectations of more stimulus from China.

US shares rebounded from a week-long losing streak

Currencies: GBP jumped and Asian shares rallied Tuesday after the European Commission agreed to changes in a BREXIT deal ahead of a vote Tuesday in the British parliament on a divorce agreement. Sterling
was up 0.5%, buying $1.3215 and taking its gains over 2 days to more than 1.5%.

.DXY shed 0.2% to 97.036. But rising risk appetite weighed on the safe-haven JPY, pushing USD up 0.16% to 111.37.

Commodities (quotes): Energy, Metals, and Agriculture Grains

NYMEX Crude Oil »56.93 USD+0.14+0.25%Mar 192:24AM EDT
ICE Brent Crude »66.66 USD+0.08+0.12%Mar 198:00PM EDT
NYMEX RBOB Gasoline »1.83 USD+0.00+0.10%Mar 192:22AM EDT
Dubai Crude Spot »67.07 USD-0.08-0.12%Dec 022:31AM EDT
ICE Gas Oil »611.00 USD-1.00-0.16%Mar 198:00PM EDT
NYMEX No2 Heating Oil »1.99 USD-0.00-0.08%Mar 192:22AM EDT
NYMEX Nat Gas »2.78 USD+0.00+0.18%Mar 192:23AM EDT
ICE NBP Nat Gas »41.57 GBP+0.000.00%Mar 198:00PM EDT
Gold Spot »1,296.36USD+2.36+0.18%Dec 028:00PM EDT
COMEX 100oz Gold »1,288.80USD+0.000.00%Mar 197:01PM EDT
Silver Spot »15.40USD+0.08+0.52%Dec 028:00PM EDT
Platinum Spot »824.01USD-0.74-0.09%Dec 028:00PM EDT
Palladium Spot »1,535.58USD-0.43-0.03%Dec 028:00PM EDT
COMEX Copper »2.93USD+0.03+1.04%Mar 1912:11AM EDT
CBOT Corn »353.00USC+0.50+0.14%Mar 1912:15AM EDT
CBOT Wheat »424.00USC+1.75+0.41%Mar 1910:53PM EDT
KCBT Wheat »414.25USC+0.000.00%Mar 191:00AM EDT
MGE Spring Wheat »550.75USC+0.000.00%Mar 191:14AM EST
Euronext Milling Wheat »181.25EUR+0.000.00%May 198:00PM EDT
CBOT Soybean »877.75USC+0.000.00%Mar 195:33PM EDT

Stay tuned…

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