Market Pulse - Commodities
Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.
Brent crude oil gained 2% to $80. 75 on Monday morning, its highest price in four years after Opec's weekend meeting and amid heightened tensions between the US and Iran.
Oil and gas exploration and production group Regal Petroleum saw its shares rise on Friday as its first-half profits shot up on the back of a jump in revenue.
Beijing struck back at Donald Trump’s latest round of trade tariffs on Tuesday, imposing their own sanctions on $60bn worth of US goods.
Mosman Oil and Gas remain confident that its Arkoma project will bear fruit, but told investors on Tuesday that until steady flow rates can be demonstrated over a period of time, the decision to invest further funds into the asset will be "cautiously approached".
Commodities were modestly lower on Monday, despite a dip in the US dollar index, following a bearish reading for a key survey on US energy exploration.
China will respond to "unilateral" US tariffs with firm countermeasures in the escalating trade war between the two countries, according to a report from widely read Chinese newspaper Global Times.
Greatland Gold has kicked off its second drilling programme at its Havieron asset in order to test the extent and direction of a high-grade zone of gold and copper mineralisation uncovered during the firm's maiden drill campaign.
Investors will have little choice but to keep their eye on developments on multiple fronts over the coming week, with global trade talks between the US and China, or the lack thereof, likely to be the biggest driver of markets around the world.
The White House is set to announce new tariffs on as many as $200. 0bn-worth of Chinese-made goods, probably towards the start of the coming week.
Ophir Energy will "significantly downsize" its presence in London ahead of its transitioning into being an Asia-led firm.
Ophir Energy's interim chief executive Alan Booth purchased 100,000 ordinary shares in the firm on Thursday.
Metminco saw its losses narrow significantly during the first half of its trading year.
Analysts at Canaccord Genuity stood by their 'speculative buy' recommendation on shares of Cairn Energy following the explorer's latest set of interim figures.
Commodities were little changed come Tuesday evening, but underneath the surface there were some large price moves going on.
Analysts at Berenberg sounded a 'bullish' note on Big Oil, initiating coverage of BP at 'buy' and setting a target price of 665. 0p.
China's global trade surplus narrowed last month, but widened against the US, with the latter taking some economists by surprise given the trade tariffs recently-imposed by Washington.
Venezuelan foreign minister Jorge Arreaza has accused the White House of planning an intervention and backing military conspiracies on the back of a report that claims senior US officials had met with Venezuelan military officers to plot a coup.
Shares on Wall Street are slipping lower after it was reported that Donald Trump had threatened tariffs on an additional $267. 0bn-worth of Chinese goods on top of those on $200. 0bn-worth which his administration was already mulling and the $50bn-worth which had already gone into effect.
A decision on whether to impose a third round of tariffs on Chinese made goods might not come on Friday, a top official from the Trump administration appeared to indicate.