LIVE COMMODITY NEWS

LIVE COMMODITY NEWS

LIVE COMMODITY NEWS- USA Stock Futures falls on Sino US tensions,crude oil flatter.

Stocks struggled & yen Gained on wednesday as Chinese Market opens after long Holiday Break .

While oil ended an extended winning streak on oversupply risks amid weak demand.

Wall Street futures Closed negative after starting higher, with E-minis for the S&P 500 off 0.3%.

Chinese Market opening for the first time since Thursday, started on the backfoot with the blue-chip index (CSI300) down 0.6%.

Global financial markets have been caught this month between grim economic figures and worries about worsening U.S.-China relations. 

The Hong Kong’s Hang Seng index (HSI) added 0.7% while South Korea’s KOSPI was also upbeat.

Rising 1%. Japanese markets were closed for a public holiday.

On Wall Street overnight, the S&P 500 pared earlier gains after U.S. Federal Reserve Vice Chair Richard Clarida warned that economic data would get much worse before getting better.

In currencies, the yen scaled a three-year high against the euro and a seven-week peak on the dollar on Wednesday.

The Doller Index was Flat movement at 99.80.

LIVE COMMODITY NEWS – In commodities, U.S. crude futures slipped 6 cents to $24.2 a barrel after five straight sessions of gains while Brent crude was flat at $30.95.

Oil prices had gained recently as European and Asian countries had ended their lockdowns to halt the coronavirus spread and as producers had axed supply after the demand crunch.

But analysts cautioned the rebalancing of the market would be choppy.

The Spot gold eased 0.2% to $1,703 an ounce.

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