MARKET PULSE - COMMODITIES
Commodities found a slight bid at the start of the week, centred on base metals and agriculture futures.
US grain merchant Archer Daniels Midland (ADM) has proposed a takeover of New York-based agribusiness Bunge, a move that could potentially set off a bidding war with rival Glencore.
Periphery stocks are pacing gains following sovereign debt upgrades for Greece and Spain, amid news that delegates from Germany's SPD party voted to start formal talks with the CDU/CSU on creating a grand coalition in the country.
Rapid adoption of electric vehicles will see global demand for oil peak by 2030, analysts at Bank of America-Merrill Lynch forecast.
Energy futures came under pressure from slight profit-taking on Friday after the International Energy Agency forecast a big supply-side response to crude oil futures hovering near $70 a barrel.
Royal Dutch Shell and BP are said to have agreed to annual purchase deals of Libyan crude on Thursday as recovering production levels from the North African nation and decreased security fears began to draw in several of the world's largest oil companies.
US aluminium producer Alcoa's fourth-quarter profit and revenue fell short of market estimates as higher power prices in Spain coupled with ongoing droughts in Brazil that hampered bauxite production, increased expenses.
China's economy grew more quickly than expected in 2017, according to both official and private sector estimates, but some economists believed the official figures belied the extent of the slowdown in the fourth quarter.
Credit Suisse boosted its target price for shares of iron ore miner Ferrexpo by well over a third on the back of the recovery in prices seen over the past year and after the pellet premium surprised to the upside.
Analysts at RBC downgraded their recommendation on shares of Premier Oil from 'outperform' to 'sector perform' after the shares had reached their 100p target price, which was unchanged.
The leader of Brazil's Workers’ Party argued in an interview that former president Luiz Inacio Lula da Silva is anything but radical and does not pose a threat to Brazilian financial stability.
AIM-quoted gold exploration and development firm Anglo Asian Mining saw production top out at the upper end of its guidance over the year ended 31 December, but fell short of besting its previous outing.
BP said it expected to take a post-tax non-operating charge of around $1. 7bn in the fourth quarter as part of the class action settlement of the disastrous Deepwater Horizon oil well spill in the US in 2010.
Royal Dutch Shell has given the go-ahead for its first new manned oil and gas rig in the northern North Sea in almost 30 years, as it redevelops the Penguins oil and gas field.
AIM-listed fertiliser producer Harvest Minerals was set to substantially expand operations at its wholly-owned Arapua project in Brazil after sales of KPfértil accelerated in the tail-end of the 2017 calendar year.
European-focussed energy investor Prospex Oil and Gas announced on Friday that flow-testing at the Podere Maiar-1 well in Italy had begun, with results from the testing expected to be available before 19 January.
Commodities were little changed on Wednesday despite the generally risk-off tone in other markets on the back of a report that China might be mulling reducing or stopping its purchases of US government debt.
The Democratic Republic of Congo has taken the first steps towards hiking taxes on cobalt exports by more than double, a move that could potentially increase the cost of a key material used in electric car batteries.
Oil and gas exploration and production group Soco International, which had been in merger talks with Kuwait Energy for some time, announced on Wednesday that production from its Vietnamese operations remained in line with guidance.
Ineon, the petrochemicals group owned by Jim Ratcliffe, has applied for a judicial review of the Scottish government's decision to ban fracking announced in October.