Natural rubber surpluses and poor demand, especially from China, will weigh on spot prices for the commodity, Germany's Commerzbank said in a report issued Tuesday. "Several years of supply surpluses on the global rubber market have ...
Tags: Natural rubber, Chemicals
In the Eurozone, activity contracted by 0.3% in Q1 2013, falling for the sixth consecutive quarter. However, GDP growth is expected to turn slightly positive in Q2 2013 (+0.1%), with a mild acceleration over the following quarters (+0.2% in ...
Tags: economy, Labor market
The euro zone manufacturing sector moved a step closer to stabilization at the end of the second quarter, with rates of contraction in output and new orders continuing to ease. Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) ...
US stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures. Small-company stocks were among the best performers in Tuesday's rally, with the ...
The Australian dollar is slightly higher after it was taken on a roller coaster ride over the past 24 hours. The currency dropped yesterday afternoon to an almost three-year low of 94.35 US cents, but in offshore trade last night it ...
Tags: Dollar, US Economic Figures
NYMEX July crude settled $1.48 higher at $93.45/barrel Monday, largely holding to overnight gains following better-than-expected eurozone manufacturing data. Weak US manufacturing data put downward pressure on the US dollar, which ...
Tags: Oil Complex, Us Dollar
Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions ...
Tags: Salzgitter, Loss, Steel
The downturn in the euro zone manufacturing sector deepened at the start of the second quarter of the year. Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) was at 46.7 points in April, down slightly from 46.8 in March but ...
Tags: Euro Zone PMI, Mineral
US stocks ended a tumultuous day with strong gains after a false tweet briefly sent financial markets veering, underscoring technology's role in tightly linking global markets. The Dow Jones Industrial Average briefly plunged Tuesday ...
Tags: US Markets, Reel on False
According to the short range outlook of the World Steel Association (worldsteel) for 2013 and 2014, worldsteel Economics Committee revised down its global apparent steel consumption growth forecast to 2.9 percent from its October 2012 ...
Tags: steel, Metallurgy, Mineral, Energy
Speaking at the International Steel Trade Day organized by STSG-Eurometal in Milan on April 4, Cesare Viganò, general manager of Italy-based CLN, presented his outlook for the steel market in 2013. The global steel industry has ...
Tags: Viganò, Mineral, Steel Trade
The downturn in the euro zone manufacturing sector deepened as business conditions deteriorated in all euro nations in March this year. Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) was at 46.8 points in March, down from ...
Tags: economy
US stocks gained ground, nearly erasing the week's losses for the Dow industrials as investors started to look past the latest euro-zone debt drama. For European markets, however, it was a different story, as the turmoil in Cyprus ...
Tags: economy
According to Eurostat, the Statistical Office of the European Communities, in January this year industrial producer prices increased by 0.6 percent both in the euro area and in the European Union member states (EU-27) month on month. In ...
Tags: industrial producer prices, industrial producer, industrial
Ugur Dalbeler, chairman of IREPAS, the global association of producers and exporters of long steel products, as well as CEO of Turkish steelmaker Colakoglu Metalurji, has said that in 2013 the main problem in the steel industry will ...
Tags: steel products, steel, steel industry