Davis Trading News

On Friday, commodities and equities ended the month of August on a weak note as continued uncertainty about the Fed and Syria reportedly weighed on a range of prices heading into the long Labor Day weekend. The DJ-UBS Commodity Futures Index was off around 0.9% today as base metal, energy,... read more

On Friday, markets shrugged off a worse than expected reading on new home sales as the DJ-UBS Commodity Futures Index rose nearly 0.9% while the dollar slipped against most major currencies. With the exception of tin, base metal prices advanced on the LME today as LME 3-mo. copper and aluminum... read more

On Friday, base metal prices advanced despite mixed economic reports in the U.S. and a somewhat stronger dollar. In London, LME official 3-mo. asking prices were firmer across the board this morning including for copper $7,374.50/mt (=$3.345/lb.), aluminum $1,926/mt (=87.4 cents/lb.) and nickel $14,800/mt (=$6.71/lb.), and those gains were extended... read more

Commodities mostly added to last week’s gains following the better than expected Chinese trade and industrial production figures released last week. In Shanghai today, most actively traded SHFE Dec copper settled 1.1% higher and base metal prices were holding up in London and New York today. At the London Metal Exchange... read more