Oil prices drop as US recession fears spark broader selloff
LONDON, Aug 5 (Reuters): Oil fell on Monday, trailing a stock market selloff sparked by fears of a US recession, though declines were limited by Libyan supply losses and worries that spreading conflict in the Middle East could further hit crude supplies.Share markets tumbled across Asia as US recession fears...
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Wheat, corn, soybeans fall as global markets slump
HAMBURG, Aug 5 (Reuters): Chicago wheat, corn and soybeans fell on Monday, weakened by a sudden slump in global financial markets.Grain and oilseeds dropped despite dollar weakness which would be positive for US export sales. Positive US crop prospects also added to the weakness.Chicago Board of Trade most-active wheat fell...
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Gold falls over 2pc in volatile mkt but retains safe-haven appeal
Gold prices fell more than 2 per cent in volatile trading on Monday as investors liquidated positions in tandem with a broader equities selloff, though analysts said bullion's safe-haven appeal remains strong as US recession fears mount, reports Reuters.Spot gold was down 2 per cent at $2,393.66 an ounce by...
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Tyson Foods surpasses quarterly estimates as demand rebounds
Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday, indicating that demand was rebounding for its meat products, while lower grain prices reduced costs for animal feed, reports Reuters.After sales declined in 2023, Tyson Foods is now starting to see some of its customers return to...
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Global growth angst hits copper prices
LONDON, Aug 5 (Reuters): Copper prices tumbled on Monday as a deteriorating demand outlook in China and the United States, the world's two largest economies, triggered a sell-off of the metal used in power and construction.Signs of stalled industrial activity in top consumer China has weighed on copper prices on...
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