London Stocks Close Firmly Higher After EU Deal

FTSE 100 ends 1.4% higher at 5571.15, boosted by the measures agreed at the EU summit in Brussels. The mood is buoyant Friday after euro zone leaders decided to bail out Spanish banks without adding an extra debt burden for its government, although doubts linger about how long the current positive atmosphere can last, says David Jones at IG Index. Continue Reading…

France’s Agence France Tresor (AFT) is planning to re-open E4.0-E4.5bln of a 3-month BTF maturing Sep 27, issue E1.6-E2.0bln of a new 6-month BTF maturing Dec 27, and re-open E1.4-E1.8bln of a 12-month BTF maturing Jun 27, 2013 on Monday. Continue Reading…

The Dutch State Treasury Agency (DSTA), is planning to re-open E1.0-E2.0bln 3-month DTC maturing Sep 28, and issue E1.0-E2.0bln of a new 12-month DTC maturing Jun 28, 2013 on Monday. Continue Reading…

November soybeans were trading 12 3/4 cents higher near 7:00 am cst while Malaysia palm oil futures ended higher on the day. August soybean oil is 46 cents higher while August soybean meal is nearly 3 dollars higher. Continue Reading…

The silver market has also managed a recovery overnight but the trade is probably skeptical of factoring in an all clear on the latest European turn of events. Continue Reading…

The cocoa market seems poised to push higher over the near term, as the short term supply situation looks relatively tight, the technical condition is improving and bearish outside market forces seem to be slowly dissipating. Continue Reading…

August natural gas prices appear to be in the process of recovering from midweek volatility and a peak to trough decline of 10.6%. August natural gas prices had a gap higher open, which is somewhat supportive for this morning trade. Continue Reading…

September Chicago wheat was trading 7 cents higher near 7 am cst. Minneapolis wheat lost to Chicago overnight on intermarket spread profit taking, but still managed slight gains. Kansas City is 7 cents higher. Continue Reading…

The cotton market saw an impressive short-covering rally yesterday ahead of this morning’s USDA Planted Acreage report. Following a surge in soybean prices this spring, traders are looking for a reduction in US cotton planted area, as they believe some producers in the delta may have shifted their acreage to soybeans. Continue Reading…

August crude oil prices are showing sharp reversal action to the upside this morning, helped by a rebound in global equity markets and more than 1.0% decline in the USD. Continue Reading…