Hints and tips:
...But first it would sell those same plants the steel to make the pipes — at a huge mark-up from the price it had paid for the metal....
...Real assets and commodities (mainly precious metals) will be more attractive. In the 1970s, only cash and real assets offered a refuge to investors....
...Elsewhere, fresh talks that the next chair of the US Federal Reserve could be a policy hawk prompted a sell-off in Treasuries, pushing yields higher....
...The index for Australian gold miners was near a five month high on Wednesday as the price of the precious metal hovered at its highest point in a year....
...The Euro Stoxx 600 is up 0.5 per cent, Frankfurt’s Xetra Dax 30 is 0.7 per cent higher and London’s FTSE 100 is up 0.4 per cent, held back by a sluggish showing for precious metals stocks....
...prices spiked after Hurricane Harvey shut down refineries in Texas....
...US marker West Texas Intermediate was up 0.8 per cent at $47.76....
...Jackson Hole, while gasoline prices rose and oil slumped as Hurricane Harvey shut down refineries in Texas....
...Brent crude was 0.4 per cent lower at $52.14 a barrel and US marker West Texas Intermediate was down by the same amount at $49.21 a barrel....
...Oil prices were slightly higher, with Brent crude, the international benchmark, up 0.1 per cent at $44.93 a barrel and West Texas Intermediate 0.2 per cent higher at $41.90....
...Under pressure from politicians and the US Federal Reserve, the Wall Street bank has been moving away from the riskier parts of commodity trading, like storing and moving crude oil....
...That momentum was still in place in Asia today, with Brent crude, the international benchmark, up 0.7 per cent at $43.40 a barrel and West Texas Intermediate 0.8 per cent higher at $41.16....
...The Federal Reserve also unveils on Wednesday minutes from its July policy-setting meeting....
...(WaPo) Numbers of the day 6 points The amount by which Trump leads Clinton in Texas, a state that Mitt Romney won by 16 in 2012....
...Australia’s S&P/ASX 200 was up 0.4 per cent On Wednesday, the Federal Reserve decided to keep interest rates on hold and toned down its concerns about the impact international economic developments could...
...Base metal prices are mostly lower and Brent crude is down 1.7 per cent to $47.20 a barrel....
...Expectations for monetary policy easing from central banks have pushed up prices for precious metals, and saw silver cross the $21 an ounce level yesterday for the first time in two years....
...West Texas Intermediate, the US marker, is up 1.3 per cent at $48.36....
...However, the calmer state is unlikely to be enough to prevent a handful of regional stock markets from ruling off on their worst weekly performance in months....
...The disappointing activity surveys from China are weighing on the base metals sector, with copper down 0.5 per cent to $4,677 a tonne....
...Brent crude, the international oil benchmark, which at one stage on Thursday was down 2.9 per cent, is up 1.3 per cent to $40.01 a barrel, while West Texas Intermediate, the US marker, is gaining 2 per cent...
...West Texas Intermediate, the US marker, was up 1 per cent at $48.20....
...Moody’s added: It also reflects the risk that ExxonMobil’s reduced capital investment for a prolonged period could result in lower levels of reserve replacement and declining production volumes over the...
...The fire sale in Texas is just a small part of the worldwide value destruction caused by the oil decline....
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