Market News

Brent crude floats near $70 on demand recovery anticipation

: 15 March 2021

SINGAPORE (Reuters) - Oil prices edged up on Monday, with Brent drifting near $70 a barrel, propped up by output cuts from major producers and optimism about global economic and fuel demand recovery in the second half of the year.

China's factory output surges as recovery accelerates

: 15 March 2021

BEIJING (Reuters) - China’s industrial output growth quickened in January-February, beating expectations, as the vast manufacturing sector started 2021 on a firm footing and the economy consolidated its brisk recovery.

ANRPC Releases Natural Rubber Trends February 2021

: 12 March 2021

Based on the preliminary estimates, the outlook of world production of natural rubber (NR) is likely to fall 12.4%, year-on-year, to 897,000 tonnes in February 2021. While the world consumption of natural rubber is estimated to recover at 47.5%, year-on-year, to 1.103 million tonnes during the same month too. As a result of this favourable market fundamental amid the seasonal wintering in most NR producing countries, it has supported the upward trend observed in average monthly prices across key physical markets during the reference month.

Asian stocks up as Biden signs stimulus; lower yields boost tech

: 12 March 2021

SHANGHAI/NEW YORK (Reuters) - Asian shares pushed higher on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global concerns about rising inflation.

Safe-haven dollar wallows near one-week low as bond yields retreat

: 12 March 2021

TOKYO (Reuters) - The safe-haven dollar languished near a one-week low on Friday as calming bond markets lifted investor sentiment and appetite for Asian currencies.

Brent crude slips, but stays near $70 as demand recovery hopes lend support

: 12 March 2021

SINGAPORE (Reuters) - Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.