macavaney/codec · Datasets at Hugging Face

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https://www.reuters.com/article/markets-canada-stocks-idCAL1N0WE2UJ20150312?edition-redirect=ca

CANADA STOCKS-TSX gains as copper price lifts mining stocks

CANADA STOCKS-TSX gains as copper price lifts mining stocks By John Tilak2 Min Read * TSX up 31.52 points, or 0.21 percent, at 14,770.72 * Seven of 10 main index sectors advance TORONTO, March 12 (Reuters) - Canada’s main stock index ended higher on Thursday as a rise in copper prices supported shares of some mining companies, offsetting a decline in the energy sector. The benchmark TSX’s second straight gain follows equity market weakness after a strong U.S. jobs report on Friday fueled investor speculation that the Federal Reserve might raise interest rates sooner than expected. But data showing that U.S. retail sales unexpectedly fell in February did help ease some of those fears. Copper hit its highest prices in more than a week after upbeat lending data out of China calmed fears about metals demand, while energy shares followed the price of U.S. crude oil lower. Oil prices have been choppy in recent months over concerns about global oversupply. A plunge in prices from the middle of last year has recently begun to show signs of leveling off. Still, investors should not be betting on oil “until something in the fundamentals really changes,” said Marcus Xu, portfolio manager and president at M.Y. Capital Management Corp, who noted that oil inventories were still going up. “I’m not bullish on the energy sector,” he added. “But if you’re a long-term investor and you have high quality names, you stay with them.” The Toronto Stock Exchange’s S&P/TSX composite index closed up 31.52 points, or 0.21 percent, at 14,770.72. Seven of the 10 main sectors on the index were higher. Among shares of energy producers, Suncor Energy Inc lost 1.8 percent to C$35.38 and Canadian Natural Resources Ltd gave back 0.6 percent to C$36.37. In the mining sector, First Quantum Minerals Ltd gained 0.5 percent to C$13.81, and Teck Resources Ltd added 1 percent to C$17.91. (Editing by Bernadette Baum and Lisa Shumaker) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0NF1X520140423?edition-redirect=ca

CANADA STOCKS-TSX ends lower as Valeant pulls back

CANADA STOCKS-TSX ends lower as Valeant pulls back By Reuters Staff0 Min Read (Adds portfolio manager comment, details, updates prices to close) By Alastair Sharp TORONTO, April 23 (Reuters) - Canada's main stock index edged lower on Wednesday, with gains from some big energy producers offset by dips in heavyweight banks and a pullback in Valeant Pharmaceuticals International Inc shares after an acquisition-backed bump. Suncor Energy Inc gained 2.6 percent to C$41.37 and Canadian Natural Resources Ltd added 0.7 percent to C$32.66 even as record U.S. crude inventories hurt oil prices. "We have become more favorable on commodity producers (during) these short-term price dislocations," said Philip Petursson of Manulife Asset Management's portfolio advisory group. Better-than-expected profits reported by Canadian National Railway Co after the close on Tuesday, coupled with an earlier cheery outlook from its chief rival, Canadian Pacific Railway Ltd, failed to keep the railways in positive territory. "If they can generate the kind of results they did in a very rough quarter weather-wise, it means they are very efficient in terms of their operations and there is that incremental demand out there for goods moving across the country," Petursson said. Shares in CN slipped 0.3 percent to C$63.38, while CP was off 1.2 percent at C$170.50 after a sharp jump on Tuesday. Adding to the day's decline, Valeant pulled back 2.8 percent to C$145.25. It had surged on Tuesday after making an unsolicited bid for the maker of Botox. Fertilizer maker Potash Corp fell 2.4 percent to C$38.35. The sales consortium it is a part of signed a deal with Bangladesh. Canada's biggest banks added to the declines, as China's economic data disappointed and a bump in domestic retail sales failed to make an impact. Royal Bank of Canada slipped 0.5 percent to C$72.13, Toronto-Dominion Bank was off 0.4 percent at C$51.64, and Canadian Imperial Bank of Commerce fell 0.7 percent, to C$95.65. Reuters reported on Tuesday that CIBC was exploring an offer for global asset manager Russell Investments, according to sources. The Toronto Stock Exchange's S&P/TSX composite index ended the session down 22.58 points, or 0.16 percent, at 14,533.39. Six of the index's 10 main industry groups were lower. (Additional reporting by Solarina Ho; Editing by G Crosse, Chizu Nomiyama and Jonathan Oatis) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0NK0TG20140428?edition-redirect=ca

CANADA STOCKS-Bank, energy shares push TSX higher; Barrick drops

CANADA STOCKS-Bank, energy shares push TSX higher; Barrick drops By 0 Min Read * TSX rises 21.81 points, or 0.15 percent, to 14,555.38 * Eight of the 10 main index sectors advance * Barrick drops 2 percent after Newmont ends merger talks By John Tilak TORONTO, April 28 (Reuters) - Canada's main stock index edged higher on Monday as gains in financial and energy shares provided support, offsetting a drop in shares of Barrick Gold Corp after the miner said merger talks with Newmont Mining had been terminated. Newmont said it had ended the discussions with Barrick, criticizing its suitor and stating the talks failed due to a lack of a constructive, mutually respectful dialogue. Investors appeared to be shrugging off a move by the United States to freeze assets and impose visa bans on seven powerful Russians close to President Vladimir Putin and, as well as to sanction 17 companies in reprisal for Moscow's actions in Ukraine. The Toronto stock market's benchmark index is up nearly 7 percent this year, buoyed by strengthening commodity prices and a rebound in shares of natural resource producers. "With the exception of the Ukraine situation stirring up in the periphery, things look okay," said David Cockfield, a portfolio manager at Northland Wealth Management. "The sky is relatively clear of dark clouds. In that kind of environment, you'll see equity markets continue to move ahead." Cockfield predicts that the Canadian index will outperform the S&P 500 in 2014. The Toronto Stock Exchange's S&P/TSX composite index was up 21.81 points, or 0.15 percent, at 14,555.38. Eight of the 10 main sectors on the index were higher. Shares of energy producers rose 0.3 percent. Encana Corp climbed 1 percent to C$25.25, and Canadian Natural Resources Ltd advanced 0.3 percent to C$44.78. Financials, the index's most heavily weighted sector, rose slightly. Bank of Nova Scotia was up 0.3 percent at C$65.62. Barrick shares fell 2 percent to C$19.35 and had the biggest negative influence on the index. ($1=$1.10 Canadian) (Editing by Peter Galloway)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0NN0V620140501?edition-redirect=ca

CANADA STOCKS-TSX steady as Manulife, Catamaran offset Bombardier drop

CANADA STOCKS-TSX steady as Manulife, Catamaran offset Bombardier drop By 0 Min Read * TSX down 4.08 points, or 0.03 percent, at 14,647.79 * Five of the 10 main index sectors decline * Manulife, Catamaran climb after results * Bombardier sheds 6.8 percent as results disappoint By John Tilak TORONTO, May 1 (Reuters) - Canada's main stock index rose on Thursday as gains in Manulife Financial Corp and Catamaran Corp helped offset a decline in shares of Bombardier Inc as investors digested a stream of corporate earnings reports. Goldcorp Inc, one of the world's biggest gold miners, also reported a decline in quarterly profit, but its stock was little changed. "It's been a very heavy earnings day in Canada," said Colin Cieszynski, senior market analyst at CMC Markets Canada. "Overall, they've been somewhat mixed," he said of the earnings season so far. "It's indicating that the Canadian economy has done fairly well coming out of the recession, although there are some patches of weakness." On Wednesday, the Toronto stock market's benchmark index climbed to its highest level in nearly six years on upbeat commentary on the U.S. economy by Federal Reserve Chair Janet Yellen. The U.S. central bank also further trimmed its monthly stimulus. The index is up about 7.5 percent this year, and Cieszynski has predicted it will outperform the S&P 500 index in 2014. The Toronto Stock Exchange's S&P/TSX composite index was down 4.08 points, or 0.03 percent, at 14,647.79 on Thursday morning. Five of the 10 main sectors on the index were lower. Financials, the most heavily weighted sector, added 0.2 percent. In the group, Manulife climbed 1.6 percent to C$20.91, after the insurer's first-quarter profit surged more than 50 percent as a stronger investment performance and higher wealth management fees more than offset weaker insurance sales. Shares of rival Sun Life Financial Inc advanced 0.5 percent to C$37.29. A drop in the price of oil weighed on shares of energy producers, which shed 0.3 percent. Encana Corp gave back 0.6 percent to C$25.24. Gold-mining shares reflected weakness in the price of bullion. Barrick Gold Corp slipped 0.8 percent to C$18.98. Bombardier reported slightly weaker-than-expected results, prompting some analysts to express concerns about the aircraft and train maker's cash burn rate as it continues to pour money into its CSeries aircraft program. The stock tumbled 6.6 percent to C$4.12. Catamaran shot up 11.4 percent to C$46.38 after reporting quarterly results. Resolute Forest Products Inc posted a bigger first-quarter loss after an abnormally cold winter made power more expensive and disrupted shipments of specialty paper and pulp. The stock lost 9.6 percent to C$17.66. ($1=$1.10 Canadian) (Editing by Peter Galloway)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0NU2C620140508?edition-redirect=ca

CANADA STOCKS-Energy selloff drags TSX lower amid market jitters

CANADA STOCKS-Energy selloff drags TSX lower amid market jitters By 0 Min Read * TSX down 110.37 points, or 0.75 percent, at 14,546.03 * Eight of 10 main index sectors decline * Linamar jumps 12 percent after results * Telus rises after quarterly report By John Tilak TORONTO, May 8 (Reuters) - Canada's main stock index dropped on Thursday as investor nervousness with recent gains sparked a selloff in energy shares, one of the best performing sectors this year, and weighed down broader sentiment. Investors also dissected congressional testimony by U.S. Federal Reserve Chair Janet Yellen, who urged the U.S. Congress to address the nation's long-term budget challenges, warning that the current course was unsustainable. The energy sector has rallied strongly since the start of the year. Despite Thursday's decline, the group is up about 14 percent this year. "The market is extremely volatile," said Marcus Xu, portfolio manager at MY Capital Management Corp in Vancouver. "People are very cautious. Nobody wants to stick their neck out." Energy shares have been on "a pretty crazy run," added Xu, who said it was investor caution, and not any weakness in fundamentals, that caused the decline on Thursday. The Toronto Stock Exchange's S&P/TSX composite index closed down 110.37 points, or 0.75 percent, at 14,546.03. It is still up about 6.8 percent this year. "Overall the TSX should be more stable than the S&P 500 this year and the returns should be a little bit higher as well," said Xu, who recommends that investors should stay away from sectors such as technology and healthcare. Eight of the 10 main sectors on the index were in the red on Thursday. Energy shares gave back 2.8 percent. Canadian Natural Resources Ltd lost 3.3 percent to C$43, and Suncor Energy Inc slipped 2.2 percent to C$42.19. Investors also digested a slew of several earnings reports. Valeant Pharmaceuticals International Inc reported a 35 percent jump in cash earnings, helped by robust drug sales in the United States and in its Bausch & Lomb eye care business. The stock shed 2.1 percent to C$142.07. Telus Corp was up 1 percent at C$39.85 after the telecommunications company posted a higher quarterly profit. SNC-Lavalin Group Inc reported quarterly earnings that exceeded expectations and raised its 2014 forecast. The shares of the engineering and construction company were little changed. Linamar Corp shot up 12 percent to C$58.89 after the auto parts maker reported results late on Wednesday. The stock was the biggest percentage gainer on the index. ($1=$1.09 Canadian) (Editing by Peter Galloway)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0OY1QD20140617?edition-redirect=ca

CANADA STOCKS-TSX edges up as banks offset concerns over Iraq, Fed

CANADA STOCKS-TSX edges up as banks offset concerns over Iraq, Fed By 0 Min Read * TSX up 15.46 points, or 0.10 percent, at 15,055.89 * Seven of 10 main index sectors advance * Energy shares slip with U.S. crude oil price By John Tilak TORONTO, June 17 (Reuters) - Canada's main stock index rose slightly on Tuesday as strength in the financial sector helped overcome worries about the volatile situation in Iraq and nervousness about the outcome of this week's Federal Reserve policy meeting. Investors digested news that Iraqi Shi'ite rulers spurned Western calls to reach out to Sunnis to defuse the uprising in the north of the country and weighed the prospect of a disruption in oil supply. The market also speculated on whether the Fed, whose two-day meeting will close on Wednesday, will accelerate the pace of withdrawal from its stimulus program and when the U.S. central bank might increase interest rates. "Investors are preoccupied with what the Fed is going to say tomorrow," said Adrian Mastracci, portfolio manager at KCM Wealth Management. "I'm not expecting a surprise of any sort. I would expect Yellen not to rock the boat," he added, referring to Fed Chair Janet Yellen. The Canadian market has climbed 12 of the last 13 sessions. It is up more than 10 percent this year and has gained more than most other major stock indexes. The Toronto Stock Exchange's S&P/TSX composite index closed up 15.46 points, or 0.10 percent, at 15,055.89. Seven of the 10 main sectors on the index were higher. Financials, the index's most heavily weighted sector, climbed 0.3 percent. Royal Bank of Canada added 0.1 percent to C$75.18, and Toronto Dominion Bank advanced 0.5 percent to C$54.59. Shares of energy producers gave back 0.6 percent, reflecting weakness in the price of U.S. crude oil. Suncor Energy Inc lost 0.9 percent to C$46.32, and Canadian Natural Resources Ltd slipped 0.7 percent to C$47.35. In corporate news, Valeant Pharmaceuticals Inc said it will launch an exchange offer for Allergan Inc this week, allowing it to eventually take its unsolicited bid directly to shareholders. Valeant's stock was up 1.2 percent, at C$129.10. (Editing by Leslie Adler)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0P41J420140623?edition-redirect=ca

CANADA STOCKS-TSX steady as positive data offsets Iraq concerns

CANADA STOCKS-TSX steady as positive data offsets Iraq concerns By 0 Min Read * TSX down 3.34 points, or 0.02 percent, at 15,105.63 * Six of the 10 main index sectors decline * Valeant slips after Allergan advises against deal * SNC climbs after acquisition move By John Tilak TORONTO, June 23 (Reuters) - Canada's main stock index was little changed on Monday as worries about political instability in Iraq were balanced by upbeat economic data from China and the United States. U.S. Secretary of State John Kerry met Iraqi Prime Minister Nuri al-Maliki to push for more inclusive leadership as government forces abandoned the border with Jordan, leaving Iraq's entire Western frontier outside government control. Meanwhile, data showed an expansion in Chinese factory sector activity in June for the first time in six months as new orders surged. U.S. housing and manufacturing data also painted a promising picture. Some fund managers fear the Toronto market, which had its highest-ever close last week, might have run ahead of itself and see few catalysts that could fuel further gains. The benchmark index is up about 11 percent this year, driven largely by a strong rally in the energy sector. "The only thing that's probably going to give wheels to the TSX is if oil wants to keep going," said Keith Richards, portfolio manager and technical analyst at ValueTrend Wealth Management. "Those catalysts that could push oil higher are more of a bet than a probability. "Would I be going gangbusters about the TSX over the next three months? Probably not," he added. "I think there are more opportunities on the U.S. side." The Toronto Stock Exchange's S&P/TSX composite index closed down 3.34 points, or 0.02 percent, at 15,105.63. Six of the 10 main sectors on the index were in the red. Industrials slipped 0.4 percent, with Air Canada losing 7 percent to C$8.77 and Canadian National Railway Co giving back 0.9 percent to C$67.69. The materials sector, which includes mining stocks, advanced 1 percent, helped by an increase in copper prices. First Quantum Minerals Ltd jumped 3.2 percent to C$22.43, and Teck Resources Ltd added 1.3 percent to C$24.44. In corporate news, Allergan Inc advised investors not to sell their shares to Valeant Pharmaceuticals International, which launched a hostile takeover offer for the California-based Botox maker last week. Allergan said Valeant's offer was "grossly inadequate". Valeant shares fell 1.4 percent to C$130.06. Engineering and construction company SNC-Lavalin Group Inc said that it would acquire British energy services provider Kentz Corp for about 1.16 billion pounds ($1.98 billion) in cash. SNC's stock climbed 1.7 percent to C$53.31. ($1=$1.07 Canadian) (Editing by Peter Galloway)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0P70O220140626?edition-redirect=ca

CANADA STOCKS-TSX slips at open with mining, financials weak

CANADA STOCKS-TSX slips at open with mining, financials weak By Reuters Staff0 Min Read TORONTO, June 26 (Reuters) - Canada's main stock index fell slightly at the open on Thursday, hurt by declines in mining and financial shares. The Toronto Stock Exchange's S&P/TSX composite index was down 11.65 points, or 0.08 percent, at 14,963.00, shortly after the open. (Reporting by Cameron French; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0PK25H20140709?edition-redirect=ca

CANADA STOCKS-TSX climbs as Fed comments ease market concerns

CANADA STOCKS-TSX climbs as Fed comments ease market concerns By 0 Min Read * TSX up 78.01 points, or 0.52 percent, at 15,215.19 * Nine of the 10 main index sectors advance * Potash Corp among top decliners By John Tilak TORONTO, July 9 (Reuters) - Canada's main stock index advanced on Wednesday as minutes from the U.S. Federal Reserve's June meeting offered details about its stimulus program phase-out and more clarity on its ideas about raising interest rates, helping lift investor sentiment. The Toronto stock market's benchmark index dropped in the previous two sessions as concern spread that corporate earnings may not match expectations this quarter and justify the recent runup in share prices. The index is up about 12 percent this year. The Fed minutes showed it has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and that Fed officials appear near agreement on a plan to manage interest rates in the future. "They are likely to remain dovish," said Philip Petursson, managing director, portfolio advisory group, at Manulife Asset Management. "The market is taking that as good news, that we're going to see low interest rates for a considerable amount of time." The Toronto Stock Exchange's S&P/TSX composite index closed up 78.01 points, or 0.52 percent, at 15,215.19. Nine of the index's 10 main sectors were higher. The gold-mining sector jumped 2.5 percent, reflecting a rise in the bullion price. Goldcorp Inc climbed 1.6 percent to C$30.19 and Barrick Gold Corp gained 1 percent to C$20.14. Financials, the index's most heavily weighted sector, advanced 0.6 percent. Royal Bank of Canada climbed 0.9 percent to C$78.50, and Bank of Nova Scotia added 0.4 percent to C$72.16. In corporate news, Potash Corp's chief executive said on Tuesday he will stick with the fertilizer producer's focus on supporting the price of potash by matching output of the crop nutrient to demand, rather than maximizing sales volume to fend off competition. The stock was down 1.1 percent at C$38.98 on Wednesday. ($1=$1.07 Canadian) (Editing by Peter Galloway)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0PY1TL20140723?edition-redirect=ca

CANADA STOCKS-TSX jumps as BCE, Talisman fuel takeover action

CANADA STOCKS-TSX jumps as BCE, Talisman fuel takeover action By 0 Min Read * TSX ends up 79.25 points, or 0.52 pct, at 15,394.38 * Shares of Bell Aliant, Talisman lead the way (Adds strategist's comment, details, updates prices to close) By Alastair Sharp TORONTO, July 23 (Reuters) - Canada's main stock index rose on Wednesday with oil company Talisman Energy Inc soaring on an approach from Spain's Repsol about a possible deal, while telecom BCE Inc said it wants to buy all the shares in regional affiliate Bell Aliant Inc that it doesn't already own. The stock reaction - Talisman jumped 13.3 percent to C$11.97 and Bell Aliant surged 11.9 percent to C$31.53 - pushed the Toronto stock market's benchmark index to its fifth record high in the last six sessions. "It seems like the markets are looking for reasons to go up, more so than looking for excuses to go down," said Shailesh Kshatriya, a strategist focused on Canadian markets at Russell Investments. Oil and gas shares rose broadly during the session after Talisman said it had been approached by Spanish oil company Repsol SA about potential deals. Bell Aliant, in which BCE already holds a 44 percent stake, jumped above the C$31 a share that BCE has offered for the rest of its Atlantic Canada affiliate. Shares of BCE, which said it would pay C$3.95 billion ($3.68 billion) to take Bell Aliant private, rose 1.7 percent to C$49.82. Regional telecom Manitoba Telecom Services gained 1.7 percent to C$31.74 on bets that it too could become a target. The Toronto Stock Exchange's S&P/TSX composite index closed up 79.25 points, or 0.52 percent, at 15,394.38. The day's high was 15,395.74. The Canadian index has hit a series of record highs over the last few weeks but has been slower hitting new highs than its U.S. peers, despite a strong performance by energy companies. Royal Bank of Canada analysts wrote in a strategy outlook late on Tuesday that as economic growth strengthens and as interest rates eventually rise, Canadian financial, technology and resource stocks should benefit, while real estate and energy infrastructure companies could suffer. "We've had a rotating correction. Financials stalled for a long time and have taken over here in the last month as the energy stocks, which had a pretty good run there, backed off," said Paul Hand, managing director at RBC Capital Markets. "I would say on balance, that's why we're grinding slightly higher. It's not as if it's straight up, but certain groups have had weeks or months of real outperformance." ($1=$1.07 Canadian) (Additional reporting by Leah Schnurr; Editing by Peter Galloway)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0QI25K20140812?edition-redirect=ca

CANADA STOCKS-TSX steady as gold miners offset weakness in energy producers

CANADA STOCKS-TSX steady as gold miners offset weakness in energy producers By John Tilak3 Min Read * TSX up 12.59 points, or 0.08 percent, at 15,274.23 * Six of 10 main index sectors advance * Aecon, Ithaca Energy slip after results TORONTO, Aug 12 (Reuters) - Canada’s main stock index was little changed on Tuesday, as advances in gold miners and financial companies helped offset a decline in energy producers. Shares of gold producers benefited as the price of bullion rose after a report showed economic sentiment among analysts and investors in Germany hit a low point on worries over the impact of the Ukraine crisis. A Russian convoy carrying food, water and other assistance headed for eastern Ukraine, where government forces were closing in on pro-Russian rebels. Kiev said it would not allow the vehicles to cross into its territory. Other geopolitical crises in Iraq and the Gaza Strip added to investor jitters. Trading on the Toronto Stock Exchange has been choppy over the past two weeks because of the geopolitical concerns, but its benchmark S&P/TSX composite index is up more than 12 percent this year. “We believe that the market will see a correction this summer,” said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates. “To me, valuations are high as they are assuming stronger-than-historical earnings growth. I think that they need to come down,” he added. The S&P/TSX composite index closed up 12.59 points, or 0.08 percent, at 15,274.23 on Tuesday. Six of the 10 main sectors on the index were higher. Among gold mining shares, Goldcorp Inc climbed 2.1 percent to C$31.50 and Barrick Gold Corp jumped 2.4 percent to C$20.94. Financials, the index’s most heavily weighted sector, advanced 0.2 percent, with Bank of Nova Scotia gaining 0.2 percent to C$72.22. A drop in oil prices weighed on shares of energy producers. Canadian Natural Resources Ltd lost 0.7 percent to C$45.74. Ithaca Energy Inc was down 0.4 percent to C$2.52 after the company reported a first-half pre-tax loss. Aecon Group Inc dropped 2.2 percent to C$16.24 after the construction company reported lower quarterly revenue late on Monday. Tekmira Pharmaceuticals tumbled about 22 percent to $20.25. Some analysts said investors were taking profits after news of a U.S. regulatory approval for its experimental Ebola drug helped lift the stock in recent days. It had gained about 75 percent in the previous three sessions. (With reporting by Rod Nickel in Winnipeg; Editing by Jeffrey Benkoe and Paul Simao) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0QO1QO20140818?edition-redirect=ca

CANADA STOCKS-TSX touches two-week high as Ukraine worries ease

CANADA STOCKS-TSX touches two-week high as Ukraine worries ease By 0 Min Read (Adds details, comments from portfolio manager; updates prices) * TSX up 34.23 points, or 0.22 percent, at 15,338.47 * Seven of 10 main index sectors advance * Air Canada, CP Rail drive gains in industrials By John Tilak TORONTO, Aug 18 (Reuters) - Canada's main stock index hit a two-week high on Monday as concerns eased that the Ukraine crisis may expand into a broader conflict, sending up shares in most major sectors. Fears of a regional conflagration over Ukraine started to wane after Russia said on Sunday that weekend talks among foreign ministers made progress in resolving differences. Even so, investors remained unsettled when Ukraine accused pro-Russian rebels on Monday of shooting rocket fire on a convoy of buses of refugees, killing people trapped in burning vehicles, but the separatists denied responsibility. The Toronto market was up for a third straight session and has gained about 13 percent this year. "Momentum has slowed somewhat, but sentiment is still quite (positive) even after such a large rally in equities," said Youssef Zohny, portfolio manager at Stenner Investment Partners of Richardson GMP Ltd, which manages about C$28.3 billion in assets. The Toronto Stock Exchange's S&P/TSX composite index closed up 34.23 points, or 0.22 percent, at 15,338.47. Seven of the 10 main sectors on the index were higher. Financials, the index's most heavily weighted sector, added 0.4 percent, with Royal Bank of Canada climbing 0.7 percent to C$80.41 and Bank of Nova Scotia advancing 0.2 percent to C$72.55. Shares of industrial companies rose 0.6 percent. Air Canada jumped 5.9 percent to C$8.48, and Canadian Pacific Railway Ltd gained 0.7 percent to C$214.34. (Editing by W Simon and Meredith Mazzilli)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0S12EQ20141006?edition-redirect=ca

CANADA STOCKS-TSX dips as energy, industrial shares weaken

CANADA STOCKS-TSX dips as energy, industrial shares weaken By 0 Min Read * TSX down 46.66 points, or 0.32 percent, at 14,743.12 * Eight of 10 main index sectors decline * Mining shares rise with commodity prices By John Tilak TORONTO, Oct 6 (Reuters) - Canada's main stock index dipped on Monday as energy and industrial sector shares declined, extending a drop recorded in the previous week. Equity markets have been battered recently, pulled lower by strength in the U.S. dollar, geopolitical concerns and the U.S. Federal Reserve's monetary policy. Investors digested comments from New York Fed President William Dudley, who said he would be "delighted" to raise interest rates some time next year since it would be a sign of economic success, but for now a "very accommodative monetary policy" is still needed. The benchmark TSX, which has dropped in each of the past five weeks, has been coming down steadily after hitting a record high last month. The Canadian market's valuations are still too expensive, said John Ing, president of Maison Placements Canada, who expects the market to sell off further. "The TSX is trading very much on the upper end of the range," he said. "The market has been on fumes, it's been a richly valued." The Toronto Stock Exchange's S&P/TSX composite index closed down 46.66 points, or 0.32 percent, at 14,743.12. Eight of the 10 main sectors on the index were in the red. The energy sector gave back 0.7 percent, despite a gain in the price of oil. Suncor Energy Inc lost 0.8 percent to C$39.55, and Canadian Natural Resources Ltd fell 0.4 percent to C$41.36. Industrials dropped 1.1 percent. Canadian National Railway Co slipped 1.8 percent to C$77.72. Air Canada jumped 3.9 percent, to C$8.18, after reaching a tentative agreement with its pilots' union on a new 10-year contract a year and a half ahead of the expiry of the current contract. The materials sector, which includes mining stocks, benefited from strength in the prices of commodities such as gold, silver and copper. First Quantum Minerals Ltd advanced 0.9 percent to C$21.03, and Goldcorp Inc jumped 1.1 percent to C$25.76. (Editing by Meredith Mazzilli and Andre Grenon)

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https://www.reuters.com/article/markets-canada-stocks-idCAL2N0T00ZM20141110?edition-redirect=ca

CANADA STOCKS-TSX rises as higher oil price boosts energy producers

CANADA STOCKS-TSX rises as higher oil price boosts energy producers By 0 Min Read * TSX up 30.57 points, or 0.21 percent, at 14,721.40 * Energy, bank stocks lead rise, gold miners weigh By Alastair Sharp and John Tilak TORONTO, Nov 10 (Reuters) - Canada's main stock index rose on Monday as heavyweight energy producers were boosted by higher oil prices and financial stocks also gained, offsetting falls in major gold miners as bullion slipped. Fighting in Libya and Ukraine and a slip in the U.S. dollar helped Brent crude prices rise by $1 a barrel. That helped companies such as Canadian Natural Resources , which added 0.9 percent to C$41.20, and TransCanada Corp, up 0.5 percent at C$56.30. "The energy stocks are really the flavor of the day," said John Ing, president of Maison Placements Canada. "The rebound in oil and natural gas prices has given the group a little bit of an impetus. The group is very much technically oversold, so a bounce is not unexpected." Oil prices have fallen by almost 30 percent since June amid strong supply and weak global demand growth. BlackBerry gained 5.5 percent to C$12.60. The technology company's CEO told Reuters that it has completed the first phase of its two-year turnaround plan, is focused on profitability, and will not spread itself thin by attempting to launch too many new devices. The Toronto Stock Exchange's S&P/TSX composite index was trading up 30.57 points, or 0.21 percent, at 14,721.40 by mid-morning. On the negative side, a 1 percent slip in the price of gold flowed through to major miners, with Barrick Gold Corp down 3 percent at C$13.39 and Goldcorp Inc off 1.7 percent at C$22.28. Bank stocks helped support the gains, with Toronto-Dominion Bank added 0.6 percent to C$56.15 and Bank of Nova Scotia up 0.7 percent at C$67.94. (Reporting by Alastair Sharp)

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CANADA STOCKS-TSX edges lower as energy shares, China data weigh

CANADA STOCKS-TSX edges lower as energy shares, China data weigh By 0 Min Read * TSX down 15.20 points, or 0.10 percent, at 14,841 * Six of 10 main index sectors advance * Energy shares drop 1.5 percent By John Tilak TORONTO, Nov 13 (Reuters) - Canada's main stock index declined slightly on Thursday as sluggish Chinese data raised concerns about growth in the world's second-biggest economy and shares of energy producers followed oil prices lower. Figures showed that China's factory growth fell in October and investment growth hit a near 13-year low. Brent crude oil dropped to a four-year low, hit by the data from China, a top energy consumer, and news that Saudi Arabia was silent about a possible cut in production. "Oil has broken down again. That's quite significant," said Colin Cieszynski, chief market strategist at CMC Markets. "At this point, investors need to wait and see how far the price of oil is going to fall," he added. "You need some kind of tangible sign that the oil price is bottoming out, which we aren't seeing yet." The Toronto Stock Exchange's S&P/TSX composite index was down 15.20 points, or 0.10 percent, at 14,841. Six of the 10 main sectors on the index were higher. Shares of energy producers shed 1.5 percent. Canadian Natural Resources Ltd lost 1 percent to C$41.50, and Suncor Energy Inc declined 0.9 percent to C$39.50. Manulife Financial Corp fell 0.2 percent after reporting slightly lower-than-expected third-quarter earnings as weaker Canadian and U.S. insurance and wealth management sales offset strong growth in Asia. Later on Thursday, BlackBerry Ltd is expected to outline tie-ups with carriers and service providers that will be co-marketing the BlackBerry Enterprise platform, according to industry sources.. In morning trading, the stock jumped 2.8 percent, helping drive a 1.4 percent gain in the information technology sector. (Editing by W Simon)

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CANADA STOCKS-Energy shares pull TSX lower; BlackBerry jumps

CANADA STOCKS-Energy shares pull TSX lower; BlackBerry jumps By 0 Min Read * TSX down 77.43 points, or 0.52 percent, at 14,778.77 * Five of 10 main index sectors advance * Manulife slips after reporting results * BlackBerry surges on partnership with Samsung By John Tilak TORONTO, Nov 13 (Reuters) - Canada's benchmark stock index dropped on Thursday as sluggish economic data in China raised concerns about growth in the world's second-biggest economy and shares of energy producers tumbled with oil prices. But BlackBerry Ltd shot up 7.7 percent after the company entered into a partnership deal with Samsung Electronics Co Ltd. Figures showed that China's factory growth fell in October and investment growth hit a near 13-year low. Brent crude oil dropped to a four-year low, hit by the data from China, a top energy consumer, and news that Saudi Arabia was mum about a possible cut in production. "Canada, being energy-heavy, is weighed by the fall in oil," said Marcus Xu, president and portfolio manager at M.Y. Capital Management Corp in Vancouver. "But if you are a long-term investor, it's not a bad idea to stay with energy stocks." "I wouldn't say that sentiment for Canadian stocks is too good," he added. "We're still in a bear market for energy prices, though the other parts of the index have been doing well." The Toronto Stock Exchange's S&P/TSX composite index closed down 77.43 points, or 0.52 percent, at 14,778.77. The benchmark TSX slipped after recording gains in each of the previous six sessions. Shares of energy producers shed 2.9 percent. Canadian Natural Resources Ltd lost 1.7 percent to C$40.67, and Suncor Energy Inc declined 3 percent to C$39.19. BlackBerry shares jumped 7.7 percent to end at C$13.74, helping drive a 2.1 percent gain in the information technology sector. The company struck partnerships with Samsung and other high-profile players to enhance the capabilities of the new mobile-device management and security platform it unveiled on Thursday. Manulife Financial Corp fell 0.3 percent after reporting slightly lower-than-expected third-quarter earnings as weaker Canadian and U.S. insurance and wealth management sales offset strong growth in Asia. (Editing by G Crosse)

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CANADA STOCKS-TSX slips as energy shares drop ahead of OPEC meeting

CANADA STOCKS-TSX slips as energy shares drop ahead of OPEC meeting By John Tilak2 Min Read * TSX down 24.97 points, or 0.17 percent, at 15,048.68 * Five of 10 main index sectors decline * Energy, mining shares fall with commodity prices (Adds comment, updates prices) TORONTO, Nov 26 (Reuters) - Canada’s main stock index declined on Wednesday as shares of energy producers dropped with oil prices ahead of an Organization of the Petroleum Exporting Countries meeting later this week. The meeting is significant as it comes after months of volatility in the price of oil, which has plummeted over concerns about an imbalance in the commodity’s supply and demand. Investors hopeful of a big supply cut were dealt a blow as OPEC leader Saudi Arabia and fellow member the United Arab Emirates indicated they were unlikely to push for a major change in oil output at the meeting. The energy sector, which has lost about a quarter of its value since the middle of June, remained under pressure. “People don’t quite know what to expect. The consensus is that OPEC will have a bit of a production cut but not a lot - not enough to make the price go up,” said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier. “We’re obviously guarded about adding new money to the energy sector, and we’ll have to wait another day or so to see what happens to prices,” he added. The Toronto Stock Exchange’s S&P/TSX composite index was down 24.97 points, or 0.17 percent, at 15,048.68. Five of the 10 main sectors on the index were in the red. ‘Shares of energy producers fell 1.5 percent, with Suncor Energy Inc losing 1.1 percent to C$39.21 and Canadian Natural Resources Ltd giving back 1.1 percent to C$41.60. The gold-mining sector shed 1.4 percent, reflecting volatility in the bullion price. Barrick Gold Corp declined 1.5 percent to C$14.55, and Goldcorp Inc was down 1.6 percent to C$23.77. But financials, the index’s most heavily weighted sector, advanced 0.3 percent. Toronto Dominion Bank added 0.4 percent to C$57.03. (Editing by W Simon) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX drops most in 18 months as TD, energy shares tumble

CANADA STOCKS-TSX drops most in 18 months as TD, energy shares tumble By 3 Min Read (Updates to close) * TSX down 284.11 points, or 1.93 percent, at 14,469.95 * All of 10 main index sectors decline * Energy shares drop 5 percent By John Tilak TORONTO, Dec 4 (Reuters) - Canada’s main stock index recorded its biggest single-day drop in 18 months on Thursday as weakness in the price of oil fueled a sell-off in shares of energy producers and Toronto-Dominion Bank fell after the lender reported quarterly results. TD reported a weaker-than-expected fourth-quarter profit and said it expects a more challenging operating environment in 2015. The stock shed 5.1 percent to C$54.03. Enbridge shares shot up 10.5 percent after the company said late on Wednesday it will transfer its Canadian liquids pipelines business and certain renewable energy assets to an affiliate and raised its quarterly dividend by a third. The gains were not enough to prevent the bruising the broader benchmark suffered, with energy prices losing 5 percent, with the biggest negative impact. News of Saudi Arabia making deep price cuts for U.S. and Asian buyers sent the price of oil lower. Both energy shares and oil prices have been in a freefall since June. “I’m concerned that it’s more of a value trapped in a value opportunity,” said Myles Zyblock, chief investment strategist at Dynamic Funds, of valuations in the energy group. “You’re seeing rip-your-face-off rallies followed by rip-your-face-off sell-offs,” he added. “That’s what’s going to play out in the next few months.” Zyblock said investors in the Canadian energy sector should look for companies with clean balance sheets and strong production profiles. The Toronto Stock Exchange’s S&P/TSX composite index closed down 284.11 points, or 1.93 percent, at 14,469.95. All of the 10 main sectors on the index were in the red. Shares of energy producers fell, with Suncor Energy Inc losing 3.9 percent to C$35.89 and Canadian Natural Resources Ltd down 4.4 percent to C$37.21. Financials, the index’s most heavily weighted sector, gave back 2.2 percent. Bank of Nova Scotia lost 2 percent to C$67.58. (Editing by James Dalgleish and Dan Grebler)

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CANADA STOCKS-TSX rises, but on track for weekly slip of 1.7 pct

CANADA STOCKS-TSX rises, but on track for weekly slip of 1.7 pct By Reuters Staff1 Min Read TORONTO, Dec 5 (Reuters) - Canada’s main stock index opened slightly higher on Friday, but was on track for a 1.7 percent weekly decline a day after its biggest single-day drop in 18 months. The Toronto Stock Exchange’s S&P/TSX composite index was up 29.51 points, or 0.20 percent, at 14,499.46 shortly after the open. (Reporting by Alastair Sharp) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX flat, hurt by weakness in banks, oil and gas

CANADA STOCKS-TSX flat, hurt by weakness in banks, oil and gas By Alastair Sharp3 Min Read * TSX up 10.78 points, or 0.07 percent, at 14,480 * Banks and energy shares weigh * Index on track for 1.8 pct fall on week (Adds portfolio manager’s comment, details, updates prices) TORONTO, Dec 5 (Reuters) - Canada’s main stock index was flat on Friday, rattled by lusterless bank earnings and continued weakness in oil and gas shares, a day after its biggest single-day drop in 18 months. Shares in Bank of Nova Scotia lost 2 percent to C$66.24 after Canada’s No. 3 lender reported a weaker-than-expected quarterly profit on previously announced charges related to soured bets in the Caribbean and Latin America. Other banks whose results have failed to impress also slipped. Toronto-Dominion Bank was down 0.7 percent at C$53.67 and Canadian Imperial Bank of Commerce was off 1.3 percent at C$102.18. “Somewhat lackluster (bank) earnings growth and concerns on weaker capital markets and loan growth,” combined with rich valuations to disappoint investors, said Philip Petursson, portfolio advisory group at Manulife Asset Management. National Bank of Canada and Royal Bank of Canada were the only two of the country’s Big Six banks to have met or exceeded market expectations for fourth-quarter profits. Gold miners were also among the biggest laggards, tracking the falling price of bullion after U.S. jobs data beat forecasts. Barrick Gold Corp lost 2.5 percent to C$13.24 and Goldcorp Inc fell 1.5 percent to C$22.41. At midmorning, the Toronto Stock Exchange’s S&P/TSX composite index was up 10.78 points, or 0.07 percent, at 14,480.73. The index looked to be heading for a 1.8 percent weekly decline. It ended last week at 14,744.75. With the rout in oil prices showing no signs of abating, energy producers also weighed, although Manulife’s Petursson said some could prove very attractive once crude prices recover, which he expects will take a quarter or two. “On the belief that oil prices are not likely to remain this low for an extended period of time, then there are definitely some bargains to be had with the oil producers,” he said. ($1=$1.14 Canadian) Reporting by Alastair Sharp; Editing by Peter GallowayOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-Energy, mining shares push TSX higher

CANADA STOCKS-Energy, mining shares push TSX higher By John Tilak2 Min Read * TSX up 57.25 points, or 0.38 percent, at 14,999.66 * Six of 10 main index sectors advance * Suncor, Canadian Natural drive energy sector gains TORONTO, March 23 (Reuters) - Canada’s main stock index advanced on Monday with shares of energy companies climbing on higher oil prices and miners getting a lift from stronger copper prices. Commodity prices have been boosted by weakness in the U.S. dollar since a statement by the U.S. Federal Reserve last week that signaled a softer view on raising interest rates than some in the market had expected. Many commodities are priced in U.S. dollars, and a weaker dollar makes them more affordable to holders of other currencies. Rebounding commodities helped the Toronto stock market’s benchmark index record a 1.4 percent gain last week. On Monday, Brent crude oil jumped 1.4 percent, and copper added more than 1 percent. “The U.S. dollar is taking a breather, which is helping oil worldwide and other commodities,” said Victor Kuntzevitsky, associate at Northland Wealth Management. “The fundamentals for energy and oil are still negative,” he added. “But in the short term, the U.S. dollar (weakness) should definitely benefit.” The Toronto Stock Exchange’s S&P/TSX composite index was up 57.25 points, or 0.38 percent, at 14,999.66. Six of the 10 main sectors on the index were higher. Shares of oil producers advanced 1.8 percent. Suncor Energy Inc added 1.4 percent to C$35.94, and Canadian Natural Resources Ltd climbed 1.3 percent to C$37.70. The materials sector, which includes mining stocks, was up 0.3 percent. Teck Resources Ltd gained 2.3 percent to C$19.32, and First Quantum Minerals Ltd was up 2.3 percent, at C$15.36. $1=$1.25 Canadian Editing by Peter GallowayOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX falls on broad declines despite oil price surge

CANADA STOCKS-TSX falls on broad declines despite oil price surge By Reuters Staff2 Min Read TORONTO, March 26 (Reuters) - Canada’s main stock index slipped on Thursday, as limited resource stock gains on the back of Middle Eastern violence were offset by broad pessimism about economic growth that affected banks, insurers, railways and others. Saudi Arabia and its allies launched airstrikes on rebels in Yemen that spooked investors, boosting commodity markets but dampening enthusiasm for equities globally. “This is one of those geopolitical events that are pretty hard to read,” said Michael Sprung, president at Sprung Investment Management Inc. “From my point of view I would not count on this being a turning point for the oil market yet.” After an early rise, the Toronto Stock Exchange’s S&P/TSX composite index reversed course and by late morning was down 54.64 points, or 0.37 percent, at 14,874.73. With recent U.S. economic data introducing doubts about the Federal Reserve’s interest rate trajectory, investors are trimming bullish holdings in Canadian banks, Sprung said. Toronto-Dominion Bank slipped 0.4 percent to C$53.70, while Canadian Imperial Bank of Commerce gave up 1 percent to C$91.11. Insurer Manulife Financial Corp lost 1.1 percent to C$21.41, and Canadian Pacific Railway was down 0.8 percent at C$228.23. Pipeline company TransCanada Corp fell 1.8 percent to C$54.89, while fellow pipeline operator Enbridge lost 1.3 percent to C$61.38. The biggest Canadian beneficiaries of the oil spurt were some of its largest operators, which Sprung said are well placed to benefit from likely consolidation as historically low oil prices hurts smaller players. Canadian Natural Resources gained 1.7 percent to C$39.12 and Suncor Energy Inc added 1.2 percent to C$36.60. Reporting by Alastair Sharp Editing by W SimonOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX rises, but move limited by falling miners

CANADA STOCKS-TSX rises, but move limited by falling miners By Solarina Ho3 Min Read * TSX up 21.75 points, or 0.14 percent, at 15,410.18 * Six of the index’s 10 main group advance TORONTO, April 13 (Reuters) - Canada’s main stock index rose moderately on Monday as gains in energy and financial stocks offset declines among mining firms, which were hurt as resource prices softened on weak Chinese trade data. Stocks that were most influential on the index included Royal Bank of Canada, which rose 0.35 percent to C$79.88, and Enbridge Inc, which advanced 0.8 percent to C$63.83. The overall financials group, the most heavily weighted sector on the index, climbed 0.1 percent, while the oil and gas sector climbed 0.2 percent. “Energy stocks are a little bit better, but news is mixed on that front,” said John Ing, president of Maison Placements Canada. Crude prices edged higher on a slowdown in U.S. drilling, but gains were limited by data that showed a drop in Chinese oil imports in March, while overall Chinese exports in the month were also sharply lower. U.S. crude prices were up 0.8 percent at $52.03 per barrel, while Brent crude added 1.1 percent to $58.49. At 10:45 a.m. EDT (1445 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 21.75 points, or 0.14 percent, at 15,410.18. Of the index’s 10 main groups, six rose. Advancing issues outnumbered decliners by 146 to 90, for a 1.62-to-1 ratio on the upside. The index’s materials group was down 0.3 percent as mining stocks were hurt as copper and other commodities prices fell on worries about Chinese demand. Gold prices retreated again as the U.S. dollar renewed its rally on expectations the U.S. Federal Reserve will raise interest rates in the coming months. Gold futures fell 0.5 percent to $1,199, while copper prices declined 0.2 percent to $6,025.5. Barrick Gold Corp shares fell 2.0 percent to C$15.63. First Quantum Minerals Ltd fell 2.5 percent to C$15.745, while Teck Resources Ltd fell 2.8 percent to C$16.81. News that Canadian gold miners Alamos Gold Inc and AuRico Gold Inc would merge in a deal valued at about $1.5 billion, sent Alamos up 5.6 percent to C$7.825 and AuRico up 6.6 percent to C$4.03. “(The announcement) comes at a time when gold companies are suffering from the low gold prices ... That merger, to make it more into a midcap, is causing a fair amount trading today,” Ing said. $1=$1.26 Canadian Editing by Peter GallowayOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX touches seven-month high on oil-price rise

CANADA STOCKS-TSX touches seven-month high on oil-price rise By Solarina Ho2 Min Read * TSX up 65.27 points, or 0.42 percent, at 15,454.55 * Energy companies rise as oil prices rally TORONTO, April 15 (Reuters) - Canada’s main stock index rose on Wednesday, touching its highest level since September, with oil and gas shares leading the rally on stronger crude prices. Among the oil and gas stocks that were most influential in moving the index, Suncor Energy Inc rose 1.2 percent to C$40.39, while Cenovus Energy Inc advanced 3.7 percent to C$23.57. The index’s energy sector climbed 1.6 percent. “It’s been a good day for crude oil, and that’s helping Canada. For the moment, it looks as though crude oil is bottoming out,” said Colin Cieszynski, chief market strategist at CMC Markets. Middle Eastern tensions and signs of a dip in U.S. oil production helped oil prices rise, although advances were tempered by an International Energy Agency (IEA) report that suggested supplies would take longer to tighten than previously thought. “The markets are doing well. Overall the sentiment for equities is quite positive,” Cieszynski said. At 10:30 a.m. EDT (1430 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 65.27 points, or 0.42 percent, at 15,454.55. It hit 15,498.05 at one point, its highest level since Sept. 17. Eight of the TSX’s 10 main sectors gained ground. Advancing issues outnumbered declining ones on the TSX by 165 to 69, for a 2.39-to-1 ratio on the upside. There were five new 52-week highs on the index and no new lows. The heavily weighted financials group rose 0.6 percent, led by Bank of Nova Scotia, which rose 0.9 percent to C$65.28, and by Royal Bank of Canada, which gained 0.6 percent to C$80.78. The hefty materials group, home to mining companies, climbed 0.5 percent. ($1=$1.24 Canadian) Additional reporting by John Tilak and Alastair Sharp; Editing by Peter GallowayOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-Futures point to higher opening for Canadian stocks

CANADA STOCKS-Futures point to higher opening for Canadian stocks By Reuters Staff3 Min Read April 29 (Reuters) - Stock futures pointed to a higher opening for Canada’s main index on Tuesday on optimism surrounding corporate earnings and merger moves. June futures on the S&P TSX index <0#SXF:> were up 0.06 percent at 0715 ET. The index was little changed on Monday as weakness in shares of Barrick Gold Corp and concerns about the volatile situation in Ukraine were offset by gains in the financial and energy sectors. While Newmont Mining Corp terminated merger talks with Barrick Gold Corp on Monday, Pfizer Inc pushed ahead with its $100 billion bid for Britain’s AstraZeneca Plc . Dow Jones Industrial Average futures were up 0.28 percent, S&P 500 futures were up 0.31 percent and Nasdaq 100 futures were up 0.49 percent at 0715 ET. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES The Canada Pension Plan Investment Board (CPPIB) plans to vote against Barrick Gold Corp’s new executive compensation plan, the investment management group said in a proxy voting notice on its website Monday. Suncor Energy Inc, Canada’s largest oil and gas company, said on Monday its first-quarter profit rose 36 percent on strong oil prices and a lower Canadian dollar. Canada imposed sanctions on Monday on two small Russian banks and nine individuals. COMMODITIES AT 0715 ET Gold futures : $1,289.10; -0.74 pct US crude : $101.29; +0.45 pct Brent crude : $108.62; +0.46 pct LME 3-month copper : $6753.50; +0.12 pct ANALYST RESEARCH HIGHLIGHTS Aurico Gold Inc : CIBC raises rating to sector outperform from sector performer Gluskin Sheff + Associates : Canaccord Genuity cuts rating to hold from buy Terago Inc : NBF starts with outperform; target price of C$6.50 U.S. ECONOMIC DATA DUE ON TUESDAY 0855 Redbook mm: Prior -0.5 pct 0855 Redbook yy: Prior +3.7 pct 0900 CaseShiller 20 mm SA for Feb: Expected +0.7 pct prior +0.8 pct 0900 CaseShiller 20 mm NSA for Feb: Expected +0.0 pct prior -0.1 pct 0900 CaseShiller 20 yy for Feb: Expected +13.0 pct prior +13.2 pct 1000 Consumer Confidence for April: Expected +83.0 prior +82.3 1030 Texas Serv Sect Outlook for April: Prior +10.1 1030 Dallas Fed Services Reve for April: Prior +16.5 FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= $1.10 Canadian Reporting by Mononshila Deka in Banagalore; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX looks set to extend previous session's losses

CANADA STOCKS-TSX looks set to extend previous session's losses By Reuters Staff2 Min Read May 9 (Reuters) - Canadian stocks looked set to extend the previous session’s losses on Friday as investors kept a wary eye on the Ukraine crisis. June futures on the S&P TSX index <0#SXF:> were down 0.17 percent at 0715 ET ahead of employment data due at 0830 . The index dropped on Thursday as investors took profits in energy stocks after a strong run-up. Dow Jones Industrial Average futures were down 0.13 percent at 0715 ET while S&P 500 futures were down 0.17 percent and Nasdaq 100 futures were down 0.21 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES TMX Group Ltd, the operator of the Toronto Stock Exchange, reported a 23 percent rise in first-quarter profit as a recovery in trading activity picked up speed. Canadian Natural Resources Ltd, the country’s largest independent oil and gas producer, said on Thursday its first-quarter profit rose nearly three-fold on higher oil and natural gas prices as it boosted capital spending to develop newly acquired properties. Mining financier Silver Wheaton Corp reported a 40 percent drop in profit for the first quarter, hurt by fall in metal prices. COMMODITIES AT 0715 ET Gold futures : $1,287.4; 0.00 pct US crude : $100.64; +0.37 pct Brent crude : $108.61; +0.53 pct LME 3-month copper : $6,746.00; +0.25 pct ANALYST RESEARCH HIGHLIGHTS Calfrac Well Services : Canaccord Genuity raises target price to C$47 from C$44 Canadian Tire Corp : National Bank Financial, Canaccord Genuity up target price Dorel Industries Inc : National Bank Financial raises target to C$42 from C$36 U.S. ECONOMIC DATA DUE ON FRIDAY 1000 Wholesale inventories mm for March: Expected +0.5 pct prior +0.5 pct 1000 Wholesale sales mm for March: Expected +0.8 pct prior +0.7 pct 1030 ECRI weekly index: Prior +134 1030 ECRI weekly annualized: Prior +4.2 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= $1.08 Canadian Reporting by Mononshila Deka in Banagalore; Editing by Ted KerrOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL3N0O14R820140515?edition-redirect=ca

CANADA STOCKS-Futures point to a flat opening for Canadian stocks

CANADA STOCKS-Futures point to a flat opening for Canadian stocks By Reuters Staff4 Min Read May 15 (Reuters) - Canadian stocks looked set to open flat to slightly lower on Thursday with June futures on the S&P TSX index <0#SXF:> down 0.07 percent at 0715 ET. Manufacturing sales data is due at 0830 ET. The index was little changed on Wednesday as a gain for gold miners on higher bullion prices was offset by weakness in the energy sector, while healthcare shares fell with Valeant Pharmaceuticals after it said it would sweeten its takeover offer for Allergan Inc. Dow Jones Industrial Average futures were down 0.06 percent at 0715 ET while S&P 500 futures were down 0.10 percent and Nasdaq 100 futures were up 0.08 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Air Canada reported a bigger first-quarter loss, mainly due to foreign exchange losses of $161 million and harsh winter weather. Canada’s Conservative government will consider allocating some of its projected budget surplus to paying down debt, Finance Minister Joe Oliver said on Wednesday. Bank of Nova Scotia said on Wednesday it will explore options to divest itself of some or all of its 37 percent stake in asset manager CI Financial and redeploy the capital elsewhere. COMMODITIES AT 0715 ET Gold futures : $1,302.5; -0.25 pct US crude : $102.05; -0.31 pct Brent crude : $110.41; +0.20 pct LME 3-month copper : $6,910.00; -0.14 pct ANALYST RESEARCH HIGHLIGHTS Bear Creek Mining : BMO raises to outperform from market perform CAP REIT : CIBC raises to sector outperformer from sector performer CI Financial Corp : Canaccord Genuity cuts to hold from buy U.S. ECONOMIC DATA DUE ON THURSDAY 0830 CPI mm, sa for April: Expected +0.3 pct prior +0.2 pct 0830 CPI yy, nsa for April: Expected +2.0 pct prior +1.5 pct 0830 Core CPI mm. sa for April: Expected +0.1 pct prior +0.2 pct 0830 Core CPI yy, nsa for April: Expected +1.7 pct prior +1.7 pct 0830 CPI Index, nsa for April: Expected +237.10 prior +236.29 0830 Core CPI Index, sa for April: Prior +236.60 0830 Real weekly earnings mm for April: Prior +0.3 pct 0830 NY Fed manufacturing for May: Expected +5.00 prior +1.29 0830 Initial jobless claims: Expected +320,000 prior +319,000 0830 Jobless claims 4-Wk average: Prior +324,750 0830 Continued jobless claims: Expected +2.693 mln prior +2.685 mln 0900 Net L-T flows, exswaps for March: Prior +85.7 bln 0900 Foreign buying, T-Bonds for March: Prior +92.4 bln 0900 Overall net capital flow for March: Prior +167.7 bln 0900 US Net L-T Flows,Incl.Swaps for Mar: prior 76.5 bln 0915 Industrial output mm for April: Expected +0.0 pct prior +0.7 pct 0915 Capacity utilization mm for April: Expected +79.2 pct prior +79.2 pct 0915 Manufacturing output mm for April: Expected +0.3 pct prior +0.5 pct 1000 NAHB housing market index for May: Expected +49 prior +47 1000 Philly Fed business index for May: Expected +14.0 prior +16.6 1000 Philly Fed 6M index for May: Prior +26.60 1000 Philly Fed capex index for May: Prior +26.00 1000 Philly Fed employment for May: Prior +6.90 1000 Philly Fed prices paid for May: Prior +11.30 1000 Philly Fed new orders for May: Prior +14.80 1130 Cleveland Fed CPI for April: Prior +0.2 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= $1.09 Canadian Reporting by Mononshila Deka in Bangalore; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX set to open lower on global growth concerns

CANADA STOCKS-TSX set to open lower on global growth concerns By Reuters Staff0 Min Read Oct 10 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday on mounting worries over the pace of global growth. December futures on the S&P TSX index were down 0.37 percent at 0720 ET. Employment data is due at 0830 ET. The country's main stock index dropped sharply on Thursday as worries about the health of the global economy hit investor sentiment and shares of energy producers dived as oil prices fell. Dow Jones Industrial Average e-mini futures were down 0.39 percent at 0720 ET on Friday, S&P 500 e-mini futures were down 0.35 percent and Nasdaq 100 e-mini futures were down 0.80 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES The Canadian government stands ready to act to cool the housing market if necessary but does not see a housing bubble or the need for any dramatic moves, Finance Minister Joe Oliver said on Thursday. With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act, according to some U.S experts. And the use of the banking system to transfer the proceeds of such investments could be seen as money laundering. COMMODITIES AT 0720 ET Gold futures : $1217.00; -0.62 pct US crude : $84.80; -1.13 pct Brent crude : $89.33; -0.80 pct LME 3-month copper : $6,639.25; -1.2 pct ANALYST RESEARCH HIGHLIGHTS Bankers Petroleum Ltd : Wood & Co raises to "buy" from "hold" Manitok Energy Inc : Canaccord Genuity cuts to "speculative buy" from "buy" U.S. ECONOMIC DATA DUE ON FRIDAY 0830 Import Prices mm for Sep: Expected -0.7 pct; Prior -0.9 pct 0830 Export Prices mm for Sep: Expected -0.1 pct; Prior -0.5 pct 1030 ECRI Weekly Index: Prior 134.6 1030 ECRI Weekly Annualized: Prior +1.8 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.11) (Reporting by Benny Thomas in Bangalore; Editing by Savio D'Souza) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-Futures indicate a higher start to the week

CANADA STOCKS-Futures indicate a higher start to the week By Reuters Staff2 Min Read Nov 10 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Monday, with December futures on the S&P TSX index up 0.41 percent at 7.15 a.m. ET. Housing starts data is due at 8.15 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index jumped to its highest level in a month on Friday as shares of natural resource producers rebounded with commodity prices, while strong Canadian jobs data boosted overall sentiment. Dow Jones Industrial Average e-mini futures were up 0.1 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.11 percent and Nasdaq 100 e-mini futures were up 0.23 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan or C$30 billion, according to a Canadian government statement issued at a meeting of Asia-Pacific nations on Saturday. Fuel cell maker Hydrogenics Corp’s third-quarter loss more than doubled, hurt by increased expenses and a weaker Canadian dollar. China Express Airlines has placed a firm order for 16 CRJ900 NextGen regional jets from Bombardier Inc, the Canadian firm said in a statement late on Sunday. COMMODITIES AT 7.15 a.m. ET Gold futures : $1,165.80; -0.35 pct U.S. crude : $79.54; +1.14 pct Brent crude : $84.66; +1.52 pct LME 3-month copper : $6,695.50; -0.29 pct ANALYST RESEARCH HIGHLIGHTS AuRico Gold Inc : Canaccord Genuity raises rating to “buy” from “hold” Bonavista Energy Corp : CIBC raises rating to “sector outperformer” from “sector performer” Essential Energy Services Ltd : Raymond James raises rating to “strong buy” from “outperform” U.S. ECONOMIC DATA DUE ON MONDAY 10:00 Employment Trends: Prior 121.7 FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.13 Reporting by Nikhil Kumar; Editing by Simon JenningsOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL3N0T45CL20141114?edition-redirect=ca

CANADA STOCKS-Futures point to a slightly higher open

CANADA STOCKS-Futures point to a slightly higher open By Reuters Staff3 Min Read Nov 14 (Reuters) - Stock futures pointed to a modestly higher opening for Canada’s main stock index on Friday, with December futures on the S&P TSX index up 0.03 percent at 7:30 a.m. ET. Manufacturing sales data is due at 8:30 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index dropped on Thursday as sluggish economic data in China raised concerns about growth in the world’s second-biggest economy and shares of energy producers tumbled with oil prices. Dow Jones Industrial Average e-mini futures were up 0.02 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were up 0.07 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Blackberry Ltd Chief Executive John Chen sees Asia as key to reviving the loss-making smartphone maker’s fortunes, but expanding in the region’s biggest market, China, where security data concerns are rife, is currently not a priority. The Republican-led U.S. House of Representatives prepared to vote to approve the Keystone XL oil pipeline, which will help transport oil from Canada to the U.S. Gulf of Mexico, but a companion bill in the Senate may lack votes to pass next week. COMMODITIES AT 7:30 a.m. ET Gold futures : $1,152.90; -0.73 pct US crude : $74.23; +0.04 pct Brent crude : $78.27; -1.01 pct LME 3-month copper : $6,625.50; -0.47 pct ANALYST RESEARCH HIGHLIGHTS CGI Group : Raymond James raises price target to C$49 from C$46; rating “outperform” Entrec Corp : National Bank Financial cuts rating to “sector perform” from “outperform” Manulife Financial : National Bank Financial cuts target price to C$26 from C$27 U.S. ECONOMIC DATA DUE ON FRIDAY 0830 Import prices mm for Oct: Expected -1.5 pct; Prior -0.5 pct 0830 Export prices mm for Oct: Expected -0.4 pct; Prior -0.2 pct 0830 Retail sales mm for Oct: Expected 0.2 pct; Prior -0.3 pct 0830 Retail sales ex-autos mm for Oct: Expected 0.2 pct; Prior -0.2 pct 0955 U Mich sentiment preliminary for Nov: Expected 87.5; Prior 86.9 0955 U-Mich conditions preliminary for Nov: Expected 98.8; Prior 98.3 0955 U-Mich 1-yr inflation preliminary for Nov: Prior 2.9 pct 1000 Business inventories mm for Sep: Expected 0.2 pct; Prior 0.2 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.11 Reporting by Nikhil Kumar; Editing by Simon JenningsOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL3N0U043F20141216?edition-redirect=ca

CANADA STOCKS-TSX set to open lower as oil slump continues

CANADA STOCKS-TSX set to open lower as oil slump continues By Reuters Staff3 Min Read Dec 16 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Tuesday as the plunge in oil prices and failure of an emergency interest rate hike by Russia to stabilize the rouble sent another shock through global financial markets. December futures on the S&P TSX index were down 0.3 percent at 07:15 a.m. ET. Manufacturing sales data for October is due at 08:30 a.m. ET . Oil fell to close to $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff. A surge in shares of takeover target Talisman Energy Inc was not enough to keep Canada’s main stock index in the black on Monday after falling more than 5 percent last week, with the broader resource-extraction industries weighing. Dow Jones Industrial Average e-mini futures were down 0.62 percent at 07:15 a.m. ET, while S&P 500 e-mini futures were down 0.41 percent and Nasdaq 100 e-mini futures were down 0.37 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Repsol has agreed to buy Talisman Energy, Canada’s fifth-largest independent oil producer, for $13 billion, showing how the drop in oil prices is pushing energy companies to take the plunge on big M&A deals. [ID: nL6N0TZ2QF] Encana Corp, Canada’s largest natural gas producer, said it would spend more in 2015 as it shifts its focus to its four higher-margin oil-rich shale fields. [ID: nL3N0U03W8] British mobile phone operator Vodafone Group Plc will get C$850 million in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd, Ottawa said. COMMODITIES AT 07:15 a.m. ET Gold futures : $1,220.6; rose 1.11 percent US crude : $54.21; fell 3.04 percent Brent crude : $58.81; fell 3.68 percent LME 3-month copper : $6,357.25; fell 0.67 percent ANALYST RESEARCH HIGHLIGHTS Empire Co Ltd : Barclays raises price target to C$90 from C$82 HudBay Minerals Inc : Raymond James raises to “outperform” from “market perform” Teck Resources Ltd : Raymond James cuts target to C$17 from C$20 U.S. ECONOMIC DATA DUE ON TUESDAY 0830 Housing starts number mm for Nov: Expected 1.04 mln; Prior 1.01 mln 0830 Housing starts change mm for Nov: Prior -2.8 pct 0830 Building permits number for Nov: Expected 1.06 mln; Prior 1.09 mln 0830 Building permits change mm for Nov: Prior 5.9 pct 0855 Redbook mm: Prior -1.3 pct 0945 Markit Manufacturing PMI Flash for Dec: Expected 55.2; Prior 54.8 FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.16 Reporting by Abhinav Kaul in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL3N0UK2P720150105?edition-redirect=ca

CANADA STOCKS-Futures indicate lower start as oil continues slide

CANADA STOCKS-Futures indicate lower start as oil continues slide By Reuters Staff2 Min Read Jan 5 (Reuters) - Stock futures pointed to a lower start for Canada’s main stock index on Monday as oil prices dropped to fresh five-and-a-half-year lows. March futures on the S&P TSX index were down 0.23 percent at 7.15 a.m. ET. No major economic data is scheduled for the day. Canada’s main stock index rose on Friday, boosted by modest gains in materials stocks in the first session of 2015 even as crude oil prices continued to slide. Dow Jones Industrial Average e-mini futures were down 0.23 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.24 percent and Nasdaq 100 e-mini futures were down 0.21 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Canada-based Yamana Gold Inc said it would seek the annulment of an Argentine court-appointed arbitrator’s assessment that the company should pay $244 million to a director of Samco Gold Ltd. COMMODITIES AT 7.15 a.m. ET Gold futures : $1,190.50; +0.4 pct US crude : $51.47; -2.3 pct Brent crude : $54.89; -2.7 pct LME 3-month copper : $6,153; -1.6 pct ANALYST RESEARCH HIGHLIGHTS No major analyst recommendation for the day. U.S. ECONOMIC DATA DUE ON MONDAY 1045 ISM New York Index for Dec: Prior 663.4 Domestic car sales for Dec: Expected 6.00 mln; Prior 6.08 mln Domestic truck sales for Dec: Expected 7.80 mln; Prior 7.88 mln Total vehicle sales for Dec: Expected 16.90 mln; Prior 17.20 mln FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.18) (Reporting by Abhinav Kaul in Bengaluru; Editing by Kirti Pandey) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL4N0Q545A20140730?edition-redirect=ca

CANADA STOCKS-TSX set to open higher, econ data awaited

CANADA STOCKS-TSX set to open higher, econ data awaited By Reuters Staff3 Min Read July 30 (Reuters) - Canadian stocks looked set to open higher on Wednesday, with September futures on the S&P TSX index <0#SXF:> up 0.18 percent at 0715 ET. June data for producer prices and raw materials prices are due at 0830 ET. The index ended little changed on Tuesday as concerns about geopolitical tensions helped offset gains in Talisman Energy Inc and WestJet Airlines Ltd after the companies reported results. Dow Jones Industrial Average e-mini futures were up 0.23 percent at 0715 ET, while S&P 500 e-mini futures were up 0.24 percent. Nasdaq 100 e-mini futures were up 0.34 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Thomson Reuters Corp reported a 1 percent rise in revenue on growth in its Legal and Tax & Accounting divisions. Independent oil producer Cenovus Energy Inc said its second-quarter profit more than tripled, helped by increased production at its Christina Lake oil sands project in northern Alberta. MEG Energy Corp reported a second-quarter profit, compared with a year-earlier loss, helped by increased bitumen production in its oil sands operations and higher prices. Torstar Corp reported a 7 percent decline in revenue in its media business, which publishes the country’s largest daily newspaper, the Toronto Star. COMMODITIES AT 0715 ET Gold futures : $1,299.1; +0.01 pct US crude : $101.33; +0.36 pct Brent crude : $107.53; -0.18 pct LME 3-month copper : $7,062.25; -0.28 pct ANALYST RESEARCH HIGHLIGHTS George Weston : Barclays raises price target to C$89 from C$86; rating “equal weight” Westjet Airlines : CIBC, Canaccord Genuity raise price target on stock Toromont Industries : Canaccord, Salman Partners raise target U.S. ECONOMIC DATA DUE ON WEDNESDAY 0815 ADP national employment for July: Expected +230,000, prior +281,000 0830 GDP advance for Q2: Expected +3.0 pct, prior -2.9 pct 0830 GDP sales advance for Q2: Expected +2.0 pct, prior -1.3 pct 0830 GDP consumer spending advance for Q2: Prior +1.0 pct 0830 GDP deflator advance for Q2: Expected +1.8 pct, prior +1.3 pct 0830 Core PCE prices advance for Q2: Expected +1.9 pct, prior +1.2 pct 0830 PCE prices advance for Q2: Expected +2.0 pct, prior +1.4 pct 1400 Fed funds target rate 1400 QE total: Prior +35 bln 1400 QE MBS: Prior +15 bln 1400 QE treasuries: Prior +20 bln FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= $1.09 Canadian Reporting by Mononshila Deka in Bangalore; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL4N0QE59020140808?edition-redirect=ca

CANADA STOCKS-TSX set to open lower, employment data awaited

CANADA STOCKS-TSX set to open lower, employment data awaited By Reuters Staff3 Min Read Aug 8 (Reuters) - Canadian stocks looked set to open lower on Friday, taking a cue from global markets after U.S. President Barack Obama stoked fears of another drawn out conflict in Iraq by authorizing targeted air strikes against Islamist rebels. September futures on the S&P TSX index <0#SXF:> were down 0.07 percent at 0715 ET. Canadian employment data for July is due at 0830 ET. Economists expect the labor market to bounce back from June’s unexpected decline, with the unemployment rate holding at 7.1 percent. The TSX index dropped on Thursday as worries about the escalating crisis in Ukraine fueled declines in most major sectors. Dow Jones Industrial Average e-mini futures were down 0.23 percent at 0715 ET, while S&P 500 e-mini futures were down 0.24 percent. Nasdaq 100 e-mini futures were down 0.27 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Auto parts maker Magna International Inc reported a higher-than-expected rise in quarterly profit and raised its full-year sales forecast, helped by strong demand in North America and continued recovery in Europe. TMX Group Ltd, the operator of the Toronto Stock Exchange and the TSX Venture Exchange, said it plans to launch a new business to allow capital raising and the trading of securities of privately owned entities. Tekmira Pharmaceutical Corp said the U.S. Food and Drug Administration had modified its clinical hold status on Tekmira’s experimental Ebola treatment to enable its potential use in humans infected with the virus. COMMODITIES AT 0715 ET Gold futures : $1,318.5; +0.59 pct US crude : $98.06; +0.74 pct Brent crude : $106.39; +0.9 pct LME 3-month copper : $6,977.25; -0.31 pct ANALYST RESEARCH HIGHLIGHTS Air Canada : Canaccord Genuity raises target price to C$13 from C$12 Newalta, Stantec, others: Canaccord Genuity raises target price IGM Financial, Avigilon, others: NBF cuts price target U.S. ECONOMIC DATA DUE ON FRIDAY 0830 Labor costs for Q2: Expected +1.4 pct, prior +5.7 pct 0830 Productivity for Q2: Expected +1.5 pct, prior -3.2 pct 1000 Wholesale inventories mm for June: Expected +0.6 pct, prior +0.5 pct 1000 Wholesale sales mm for June: Expected +0.5pct, prior +0.7 pct 1030 ECRI weekly index: Prior +135.5 1030 ECRI weekly annualized: Prior +4.1 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1=$1.09 Canadian Reporting by Mononshila Deka in Bangalore; Editing by Ted KerrOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL4N0QS31X20140822?edition-redirect=ca

CANADA STOCKS-Futures little changed ahead of Jackson Hole meet

CANADA STOCKS-Futures little changed ahead of Jackson Hole meet By Reuters Staff2 Min Read Aug 22 (Reuters) - Canadian stock futures were little changed on Friday as investors remained on the sidelines ahead of speeches by Fed Chair Janet Yellen and ECB President Mario Draghi at the annual gathering of central bankers in Jackson Hole, Wyoming. September futures on the S&P TSX index <0#SXF:> were up 0.02 percent at 0715 ET. Inflation and retail sales data are due at 0830 ET. The Toronto Stock Exchange’s S&P/TSX composite index was little changed on Thursday as investors awaited a speech from Yellen to scan for clues about the central bank’s outlook for interest rates. Dow Jones Industrial Average e-mini futures were down 0.11 percent, S&P 500 e-mini futures were down 0.16 percent and Nasdaq 100 e-mini futures were down 0.12 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Royal Bank of Canada reported a 4 percent increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions. A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan. COMMODITIES AT 0715 ET Gold futures : $1,280.1; +0.49 pct US crude : $93.66; -0.32 pct Brent crude : $102.52; -0.12 pct LME 3-month copper : $7,070.5; +0.79 pct ANALYST RESEARCH HIGHLIGHTS Algonquin Power & Utilities Corp : CIBC raises target price to C$9 from C$8.25; rating sector performer Duluth Metals Ltd : TD Securities cuts target price to C$0.35 from C$0.85; rating hold U.S. ECONOMIC DATA DUE ON FRIDAY 10:30 ECRI Weekly Index: Prior +134.3 10:30 ECRI Weekly Annualized: Prior +3.6 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= $1.10 Canadian Reporting by Nikhil KumarOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-canada-stocks-idCAL4N0W04MV20150226?edition-redirect=ca

CANADA STOCKS-Futures indicate higher open for TSX

CANADA STOCKS-Futures indicate higher open for TSX By Reuters Staff3 Min Read (Adds inflation data) Feb 26 (Reuters) - Futures pointed to a higher start for Canada’s main stock index on Thursday, tracking gains in global markets. March futures on the S&P TSX index were up 0.15 percent at 8:30 a.m. ET. Canada’s annual inflation cooled to 1.0 percent in January, it lowest level since November 2013, with cheaper gasoline accounting for almost all of the yearly decline, Statistics Canada said on Friday.. Canada’s main stock index gained on Wednesday as shares of Hudson’s Bay Co surged on a plan to carve out its real estate assets and banking stocks rose after Royal Bank of Canada and National Bank of Canada posted solid earnings. Dow Jones Industrial Average e-mini futures were up 0.08 percent at 8:30 a.m. ET, while S&P 500 e-mini futures were up 0.15 percent and Nasdaq 100 e-mini futures were up 0.14 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Canadian Imperial Bank of Commerce reported better-than-expected first-quarter earnings on Thursday, helped by strong profit growth in its wholesale banking business. Royal Bank of Canada, the country’s top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses. COMMODITIES AT 8:30 a.m. ET Gold futures : $1,21.17; +1.25 pct US crude : $50.05; -1.09 pct Brent crude : $61.27; +0.57 pct LME 3-month copper : $5,938.50; +2.21 pct ANALYST RESEARCH HIGHLIGHTS Absolute Software Corp : Imperial Capital raises price target to C$10 from C$8; outperform Agrium Inc : BMO raises target price to C$120 from C$110; rating outperform U.S. ECONOMIC DATA DUE ON THURSDAY 0830 CPI mm, SA for Jan: Actual -0.7 pct; Prior -0.3 pct 0830 CPI yy, NSA for Jan: Actual -0.1 pct; Prior 0.8 pct 0830 Core CPI mm, SA for Jan: Actual 0.2 pct; Prior 0.1 pct 0830 Core CPI yy, NSA for Jan: Actual 1.6 pct; Prior 1.6 pct 0830 CPI Index, NSA for Jan: Actual 233.71; Prior 234.81 0830 Initial jobless claims: Actual 313,000; Prior 283,000 0830 Continued jobless claims: Actual 2.401 mln; Prior 2.43 mln 0830 Real weekly earnings mm for Jan: Actual 1.2 pct; Prior 0.2 pct 0830 Durable goods for Jan: Actual 2.8 pct; Prior -3.3 pct 0830 Durables ex-transport for Jan: Actual 0.3 pct; Prior -0.8 pct 0830 Durables ex-defense mm for Jan: Actual 3.0; Prior -3.0 pct 0830 Nondefense ex-air for Jan: Actual 0.6 pct; Prior -0.1 pct 0900 Monthly home price mm for Dec: Prior 0.8 pct 1100 KC Fed Manufacturing for Feb: Prior -2 1100 KC Fed Composite Index for Feb: Prior 3 1130 Cleveland Fed CPI for Jan: Prior 0.2 pct TBA Build permits revised number mm for Jan: Prior 1.053 mln TBA Build permits revised change mm for Jan: Prior -0.7 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.24) (Reporting by Pradip Kakoti in Bengaluru; Editing by Kirti Pandey) Our Standards: The Thomson Reuters Trust Principles.

4522ff0f662a2cef52cda583ed680a03

https://www.reuters.com/article/markets-canada-stocks-idCAL4N0X748S20150410?edition-redirect=ca

CANADA STOCKS--TSX set to open higher

CANADA STOCKS--TSX set to open higher By Reuters Staff3 Min Read April 10 (Reuters) - - Stock futures pointed to a higher opening for Canada’s main stock index on Friday. June futures on the S&P TSX index were up 0.03 percent at 7:15 a.m. ET. Employment data is due at 8:30 a.m. ET Canada’s main stock index notched its sixth straight gain and highest close since September on Thursday, led by big banks and industrial and energy shares. Dow Jones Industrial Average e-mini futures were up 0.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.11 percent and Nasdaq 100 e-mini futures were up 0.02 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Private sector economists estimate that Canada’s economy will grow at about 2 percent this year and will pick up after that, Finance Minister Joe Oliver said on Thursday. Influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp’s executive compensation plan, while flagging “serious concerns” with the executive chairman’s pay. The president of the media unit of BCE Inc, Canada’s biggest communications company, parted ways with the company on Thursday with immediate effect, two weeks after he apologized for interfering in news coverage. COMMODITIES AT 7:15 a.m. ET Gold futures : $1203.9; rose 0.86 percent US crude : $50.64; fell 0.3 percent Brent crude : $56.79; rose 0.39 percent LME 3-month copper : $6053; rose 0.97 percent ANALYST RESEARCH HIGHLIGHTS Goldcorp Inc : Canaccord Genuity raises target to C$32.50 from C$31.50 Whitecap Resources Inc : CIBC reinstates coverage with sector outperformer rating U.S. ECONOMIC DATA DUE ON FRIDAY 0830 Import prices mm for Mar: Expected -0.3 pct; Prior 0.4 pct 0830 Export prices mm for Mar: Expected -0.2 pct; Prior -0.1 pct 1030 ECRI Weekly Index: Prior 132.6 1030 ECRI Weekly Annualized: Prior -2.5 pct 1400 Federal Budget for Mar: Expected -43.0 bln; Prior -192.0 bln FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.26 Reporting by Pradip Kakoti in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX rises 1 percent on U.S. data

CANADA STOCKS-TSX rises 1 percent on U.S. data By Reuters Staff0 Min Read TORONTO, May 10 (Reuters) - Toronto's main stock index climbed 1 percent on Thursday morning as the market's key pillars of resource and financial stocks got a boost from U.S. jobless claims data that helped ease concerns about a slowing economic recovery. The Toronto Stock Exchange's S&P/TSX composite index rose 116.72 points, or 1 percent, to 11,791.73. Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens higher as Valeant rises

CANADA STOCKS-TSX opens higher as Valeant rises By Reuters Staff0 Min Read TORONTO, May 21 (Reuters) - Canada's main stock exchange opened higher on Wednesday, lifted by a gain in shares of Valeant Pharmaceuticals International and as investors awaited minutes from the U.S. Federal Reserve's most recent policy meeting. The Toronto Stock Exchange's S&P/TSX composite index was up 24.72 points, or 0.17 percent, at 14,549.91. (Reporting by Leah Schnurr; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower on global growth concerns, oil prices

CANADA STOCKS-TSX opens lower on global growth concerns, oil prices By Reuters Staff1 Min Read TORONTO, Dec 8 (Reuters) - Canada’s main stock index opened lower on Monday, weighed by sluggish data from Asia, a European Central Bank policymaker’s warning about the bloc’s economy and a selloff in oil prices. The Toronto Stock Exchange’s S&P/TSX composite index was down 160.13 points, or 1.11 percent, at 14,313.57 shortly after the open. (Reporting by John Tilak; Editing by Bernadette Baum) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens higher as energy, gold stocks rise

CANADA STOCKS-TSX opens higher as energy, gold stocks rise By Reuters Staff1 Min Read TORONTO, Jan 16 (Reuters) - Canada’s main stock index opened higher on Friday as shares of energy producers and gold miners gained with their respective commodity prices. The Toronto Stock Exchange’s S&P/TSX composite index was up 56.67 points, 0.4 percent, at 14,098.49 shortly after the open. (Reporting by John Tilak; Editing by Meredith Mazzilli) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX little changed as energy decline offset by banks

CANADA STOCKS-TSX little changed as energy decline offset by banks By Reuters Staff1 Min Read TORONTO, Jan 19 (Reuters) - Canada’s main stock index was little changed on Monday as a decline in oil prices and concerns about the Chinese economy weighed on energy shares, offsetting a gain in the financial sector. The Toronto Stock Exchange’s S&P/TSX composite index was up 6.08 points, or 0.04 percent, at 14,315.49 shortly after the open. (Reporting by John Tilak; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX little changed as China data weighs

CANADA STOCKS-TSX little changed as China data weighs By Reuters Staff1 Min Read TORONTO, Feb 9 (Reuters) - Canada’s main stock index was little changed on Monday as sluggish trade data from China weighed on investor sentiment, offsetting a gain in energy shares after the oil price climbed. The Toronto Stock Exchange’s S&P/TSX composite index was up 2.05 points, or 0.01 percent, at 15,085.97 shortly after the open. (Reporting by John Tilak; Editing by Nick Zieminski) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower on oil price weakness

CANADA STOCKS-TSX opens lower on oil price weakness By Reuters Staff1 Min Read TORONTO, Feb 18 (Reuters) - Canada’s main stock index opened lower on Wednesday as the price of oil gave up some of its recent gains, weighing on shares of energy producers. The Toronto Stock Exchange’s S&P/TSX composite index was down 52.76 points, or 0.35 percent, at 15,231.85 shortly after the open. (Reporting by John Tilak; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower, resources stocks drag

CANADA STOCKS-TSX opens lower, resources stocks drag By Reuters Staff0 Min Read TORONTO, July 25 (Reuters) - Canada's main stock index opened lower on Friday as energy and materials stocks slipped back, but was still on track for a 0.8 percent gain in a week of all-time highs. The Toronto Stock Exchange's S&P/TSX composite index was down 10.6 points, or 0.07 percent, at 15,383.88 shortly after the open. (Reporting by Alastair Sharp; Editing by Paul Simao) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX little changed as geopolitical worries remain

CANADA STOCKS-TSX little changed as geopolitical worries remain By Reuters Staff0 Min Read TORONTO, Aug 15 (Reuters) - Canada's main stock index was little changed on Friday, with geopolitical concerns remaining in focus, as a decline in shares of gold-mining companies was offset by strength in the energy and financial sectors. The Toronto Stock Exchange's S&P/TSX composite index was up 1.25 points, or 0.01 percent, at 15,292.43 shortly after the open. (Reporting by John Tilak Editing by W Simon) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens higher on easing of Ukraine worries

CANADA STOCKS-TSX opens higher on easing of Ukraine worries By Reuters Staff0 Min Read TORONTO, Aug 18 (Reuters) - Canada's main stock index opened higher on Monday as the risk of a further escalation of the conflict in Ukraine appeared to diminish, boasting gains in most major sectors. The Toronto Stock Exchange's S&P/TSX composite index was up 40.75 points, or 0.27 percent, at 15,344.99 shortly after the open. (Reporting by John Tilak Editing by W Simon) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS- TSX opens higher as natural resource shares gain

CANADA STOCKS- TSX opens higher as natural resource shares gain By Reuters Staff0 Min Read TORONTO, Oct 21 (Reuters) - Canada's main stock index rose on Tuesday as natural resource shares climbed on the back of higher commodity prices and investors digested data showing better-than-expected yet slowing economic growth in China. The Toronto Stock Exchange's S&P/TSX composite index was up 34.94 points, or 0.24 percent, at 14,372.71 shortly after the open. (Reporting by John Tilak; Editing by Lisa Von Ahn) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX little changed as Japan slips into recession

CANADA STOCKS-TSX little changed as Japan slips into recession By Reuters Staff0 Min Read TORONTO, Nov 17 (Reuters) - Canada's main stock index was little changed on Monday, with declines in resource shares offset by stronger financials, as investors processed data showing that Japan fell into a recession in the third quarter. The Toronto Stock Exchange's S&P/TSX composite index was up 6.64 points, or 0.04 percent, at 14,849.74 shortly after the open. (Reporting by John Tilak; Editing by Bernadette Baum) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower ahead of Fed statement

CANADA STOCKS-TSX opens lower ahead of Fed statement By Reuters Staff1 Min Read TORONTO, March 18 (Reuters) - Canada’s main stock index opened lower on Wednesday as investors were nervous ahead of a Federal Reserve policy statement that is expected to provide clarity on the U.S. central bank’s plans to raise interest rates. The Toronto Stock Exchange’s S&P/TSX composite index was down 32.99 points, or 0.22 percent, at 14,865.54 shortly after the open. (Reporting by John Tilak; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower as U.S. shutdown in focus

CANADA STOCKS-TSX opens lower as U.S. shutdown in focus By Reuters Staff0 Min Read TORONTO, Oct 2 (Reuters) - Canada's main stock index opened lower on Wednesday, led by heavily weighted financial stocks, as investors worried about the implications of a partial shutdown of the U.S. government on debt ceiling talks later this month. The Toronto Stock Exchange's S&P/TSX composite index opened lower, down 40.97 points, or 0.3 percent at 12,806.47. All but the materials group was in negative territory. Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens higher after U.S. jobs report

CANADA STOCKS-TSX opens higher after U.S. jobs report By Reuters Staff0 Min Read TORONTO, May 2 (Reuters) - Canada's main stock index opened higher on Friday after a bullish jobs report from the United States helped support gains in most major sectors. The Toronto Stock Exchange's S&P/TSX composite index was up 20.53 points, or 0.15 percent, at 14,685.60 shortly after the open. (Reporting by John Tilak; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower on China data, Ukraine worries

CANADA STOCKS-TSX opens lower on China data, Ukraine worries By Reuters Staff0 Min Read TORONTO, May 5 (Reuters) - Canada's main stock index opened lower on Monday as sluggish economic data from China and violence in Ukraine weighed on investor sentiment. The Toronto Stock Exchange's S&P/TSX composite index was down 48.49 points, or 0.33 percent, at 14,716.66 shortly after the open. (Reporting by John Tilak; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower after telecoms shares fall

CANADA STOCKS-TSX opens lower after telecoms shares fall By Reuters Staff0 Min Read TORONTO, July 7 (Reuters) - Canada's main stock index fell on Monday, hurt by a decline in shares of telecoms providers after comments from the industry minister about a new spectrum auction. The Toronto Stock Exchange's S&P/TSX composite index was down 19.54 points, or 0.13 percent, at 15,195.42 shortly after the open. (Reporting by John Tilak; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens lower as energy shares slip

CANADA STOCKS-TSX opens lower as energy shares slip By Reuters Staff0 Min Read TORONTO, July 28 (Reuters) - Canada's main stock index edged lower on Monday as weakness in the price of oil dragged on shares of energy producers such as Suncor Energy Inc and Canadian Natural Resources Ltd. The Toronto Stock Exchange's S&P/TSX composite index was down 16.95 points, or 0.11 percent, at 15,438.09 shortly after the open. (Reporting by John Tilak; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.

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CANADA STOCKS-TSX opens higher as energy shares gain with oil price

CANADA STOCKS-TSX opens higher as energy shares gain with oil price By Reuters Staff0 Min Read TORONTO, Aug 8 (Reuters) - Canada's main stock index opened higher on Friday as a U.S. decision to conduct air strikes in Iraq helped push up oil prices and shares of energy companies. The Toronto Stock Exchange's S&P/TSX composite index was up 20.66 points, or 0.14 percent, at 15,139.09 shortly after the open. (Reporting by John Tilak; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.

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CANADA FX DEBT-C$ dips on firmer US$, softer oil, but still outperformer

CANADA FX DEBT-C$ dips on firmer US$, softer oil, but still outperformer By 0 Min Read * Canadian dollar at C$1.2236 or 81.73 U.S. cents * Bond prices mixed across the maturity curve TORONTO, April 20 (Reuters) - The Canadian dollar slipped modestly against a broadly stronger U.S. dollar on Monday and softer crude prices, but was stronger against all other major currencies after last week's rally. The loonie on Friday touched its strongest level since January following better-than-forecast domestic data and a more hawkish tone from the Bank of Canada. The stronger greenback, which makes dollar-traded commodities like oil less attractive for holders of other currencies, dented the price of crude, while news that production in Saudi Arabia, the world's biggest crude exporter, would stay near record levels, also weighed on prices. Canada is a major exporter of oil and sensitive to the price moves. * At 9:08 a.m. EDT (1308 GMT), the Canadian dollar was trading at C$1.2236 to the greenback, or 81.73 U.S. cents, a slight dip from the Bank of Canada's official close of C$1.2228, or 81.78 U.S. cents on Friday. * The currency traded between C$1.2180 and C$1.2260 on Monday. * Bank of Canada Governor Stephen Poloz and New York Federal Reserve President William Dudley both speak on Monday at Bloomberg's monetary summit on Monday. Poloz will talk about "Navigating the Commodities Supercycle". * U.S. crude prices were down 0.61 percent to $55.4, while Brent crude lost 0.90 percent to $62.88. * The Canadian dollar is expected to trade between C$1.2180 and C$1.2300 against the U.S. dollar on Monday, according to RBC Capital Markets. * Canadian government bond prices were mixed across the maturity curve, with the two-year price up 0.5 Canadian cent to yield 0.625 percent and the benchmark 10-year falling 1 Canadian cent to yield 1.407 percent. * The Canada-U.S. two-year bond spread was 11.3 basis points, while the 10-year spread was -46.3 bps. (Reporting by Solarina Ho Editing by W Simon)

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CANADA FX DEBT-C$ slips on US$ rebound, falling crude

CANADA FX DEBT-C$ slips on US$ rebound, falling crude By 0 Min Read * Canadian dollar at C$1.2125 or 82.47 U.S. cents * Bond prices mostly lower across the maturity curve TORONTO, May 1 (Reuters) - The Canadian dollar retreated on Friday, as the greenback bounced back from a dismal April on signs that the run of uninspired U.S. economic data during the first quarter may finally be over. The weaker price of crude, a key Canadian export, compounded the Canadian dollar weakness. Oil prices, which had been trading near the highs of the year, fell after Iraq said its crude exports hit a record in April. * At 9:13 a.m. EDT (1313 GMT), the Canadian dollar was trading at C$1.2125 to the greenback, or 82.47 U.S. cents, weaker than the Bank of Canada's official close of C$1.2064, or 82.89 U.S. cents on Thursday. * The currency's strongest level of the session was C$1.2064 Its weakest level was C$1.2150. * The U.S. dollar index, which measures the greenback against a basket of currencies, was rebounding after slumping to its worst month in four years in April. * RBC Canadian manufacturing PMI data is due at 9:30 a.m. EDT. * U.S. construction spending for March, ISM manufacturing data for April, and University of Michigan consumer confidence figures for April are due at 10:00 a.m. EDT. * U.S. crude prices were down 0.57 percent to $59.29, while Brent crude lost 0.73 percent to $66.29. * The Canadian dollar, which was underperforming many of its key currency counterparts, is expected to trade between C$1.2060 and C$1.2160 against the U.S. dollar on Friday, according to RBC Capital Markets. * Canadian government bond prices were mostly lower across the maturity curve, with the two-year price down 5.5 Canadian cents to yield 0.706 percent and the benchmark 10-year falling 50 Canadian cents to yield 1.634 percent. * The Canada-U.S. two-year bond spread was 11.9 basis points, while the 10-year spread was -44.2 basis points. (Reporting by Solarina Ho; Editing by Chris Reese)

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CANADA FX DEBT-C$ squeezes out small gain; Greece talks down to wire

CANADA FX DEBT-C$ squeezes out small gain; Greece talks down to wire By 0 Min Read (Updates throughout; adds details, closing figures, market commentary) * Canadian dollar at C$1.2315, or 81.20 U.S. cents * Bond prices mostly lower across the maturity curve By Solarina Ho TORONTO, June 26 (Reuters) - The Canadian dollar eked out a small gain against the greenback on Friday as the currency followed crude prices, which pared earlier losses, but overall currency markets were range-bound as a resolution over Greece's debt remained elusive. Talks between the debt-laden country and its creditors were coming down to the wire, with last-ditch efforts planned for the weekend. "For the most part, the theme today is still risk aversion. We don't know what's going to happen with Greece," said Rahim Madhavji, President at KnightsbridgeFX.com. "In the short term, it's still going to range-bound for a while. The one powder keg remains Greece." The Canadian dollar, which was off about 0.3 percent on the week, finished at C$1.2315 to the greenback, or 81.20 U.S. cents, a touch firmer than the Bank of Canada's official close of C$1.2323, or 81.15 U.S. cents, on Thursday. This was well off the C$1.2397 the currency traded at earlier in the session, when crude oil prices were down more than 1 percent. "We saw oil prices jump up quite a bit from its lows ... the loonie's followed it directionally for the day," said Madhavji. Oil ended little changed, as investors awaited news on Greece and Iran faced ongoing challenges securing a nuclear agreement to end sanctions on its oil exports. U.S. crude settled down 7 cents, or 0.1 percent, at $59.63 a barrel, while Brent crude settled up 6 cents, or 0.1 percent, at $63.26. Market liquidity was thinning out heading into next week's Canada Day holiday on Wednesday and the U.S. Fourth of July holiday on Friday, which could result in bigger moves coming from relatively small volumes. Canadian government bond prices were generally lower across the maturity curve, with the two-year price down 3 Canadian cents to yield 0.634 percent and the benchmark 10-year security falling 49 Canadian cents to yield 1.868 percent. The Canada-U.S. two-year bond spread was -7.80 basis points, while the 10-year spread was -60.8 basis points. (Reporting by Solarina Ho; editing by Jeffrey Benkoe and Chizu Nomiyama)

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CANADA FX DEBT-C$ firms as market calms; Canada data mixed

CANADA FX DEBT-C$ firms as market calms; Canada data mixed By 0 Min Read * Canadian dollar at C$1.3047 or 76.65 U.S. cents * Bond prices mostly lower across the maturity curve TORONTO, Aug 14 (Reuters) - The Canadian dollar firmed against the greenback on Friday, recouping earlier losses as investors digested data from the United States and Canada, and as calm returned to markets following a volatile trading week. In Canada, manufacturing sales jumped in 1.2 percent in June, the biggest gain since March and a welcome sign of economic activity following an overall lackluster first half of the year. Figures still fell short of economists' elevated projections for a 2.1 percent rise, however. The U.S. dollar pared losses against a basket of key counterparts following U.S. producer price data for July that showed signs of some pickup in inflation, which added to market expectations the Federal Reserve could be hiking interest rates as early as next month. The price of U.S. crude, a major Canadian export, rose on Friday after having fallen to its cheapest level in 6-1/2 years. * At 9:47 a.m. EDT (1347 GMT), the Canadian dollar was trading at C$1.3047 to the greenback, or 76.65 U.S. cents, slightly firmer than the Bank of Canada's official close of C$1.3064, or 76.55 U.S. cents. * The currency stayed within a narrow trading range, however, between C$1.3031 and C$1.3087. * The Canadian dollar is expected to trade between C$1.30 and C$1.31 against the U.S. dollar on Friday, according to KnightsbridgeFX.com. * Canadian government bond prices were mostly lower across the maturity curve, with the two-year price down 1.5 Canadian cents to yield 0.422 percent and the benchmark 10-year falling 15 Canadian cents to yield 1.415 percent. * The Canada-U.S. two-year bond spread was -30.8 basis points, while the 10-year spread was -79.5 basis points. (Reporting by Solarina Ho)

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CANADA FX DEBT-C$ pares losses as growth data hints at 3rd-qtr turnaround

CANADA FX DEBT-C$ pares losses as growth data hints at 3rd-qtr turnaround By 0 Min Read * Canadian dollar at C$1.3146, or 76.07 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, Sept 1 (Reuters) - The Canadian dollar was steady against its U.S. counterpart on Tuesday, sharply paring earlier losses after second-quarter domestic growth data indicated the economy was finally turning around heading into the third quarter. Hit by a plunge in crude prices over the past year, Canada's economy contracted by an annualized 0.5 percent in the second quarter, indicating a recession in the first half of the year. The downturn prompted the Bank of Canada to cut interest rates by 25 basis points twice this year. Economic activity in June grew by a better-than-expected 0.5 percent, however, the first monthly increase in six months. Economists polled by Reuters forecast 0.2 percent growth. The loonie rallied to a session high shortly after the figures were released before scaling back. "(The increase) was probably more of a reflection of the June numbers. It does suggest the economy started the third quarter with a bit of oomph," said Derek Burleton, deputy chief economist at Toronto-Dominion Bank. "That does suggest at the margin that some of the expectations of a rate cut are being reversed." At 9:15 a.m. EDT (1315 GMT), the Canadian dollar traded at C$1.3146 to the greenback, or 76.07 U.S. cents, not far from the Bank of Canada's official close of C$1.3157, or 76.01 U.S. cents on Monday. The currency traded between C$1.3116 and C$1.3233 so far in the session. Earlier weakness in the currency stemmed from the latest economic numbers out of China, which showed its manufacturing sector was shrinking at the fastest pace in three years and its services sector was also cooling. The latest round of disappointing numbers from China sowed renewed fears over how the global economy will be affected by a slowdown by one of the world's largest economies and commodities consumers. The report pushed the price of oil, a key Canadian export, sharply lower. Prior to Tuesday, prices had rallied some 25 percent over three sessions. U.S. crude prices were down 4 percent to $47.22, while Brent crude lost 4.2 percent to $51.90. Canadian government bond prices were higher across the maturity curve, with the two-year price up 1 Canadian cent to yield 0.434 percent and the benchmark 10-year rising 41 Canadian cents to yield 1.448 percent. The Canada-U.S. two-year bond spread was -29.0 basis points, while the 10-year spread was -72.6 basis points. (Editing by Jeffrey Benkoe)

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CANADA FX DEBT-C$ gives up post-Bank of Canada gains as oil slides

CANADA FX DEBT-C$ gives up post-Bank of Canada gains as oil slides By 0 Min Read (Adds closing figures, Knightsbridge comment, details) * Canadian dollar at C$1.3250 or 75.47 U.S. cents * Bond prices mostly lower the maturity curve By Solarina Ho TORONTO, Sept 9 (Reuters) - The Canadian dollar gave up its rally against the greenback on Wednesday as U.S. crude oil prices fell on demand worries, overshadowing the Bank of Canada, which kept its key interest rate steady. The central bank, which had already cut rates twice this year by 25 basis points each time, held its target for the overnight rate steady at 0.5 percent, stating that the previous cuts were still stimulating the economy. Recent data has shown some improvements in the Canadian economy, helped by solid household spending and a firm U.S. recovery, as well as a weak Canadian dollar. "The tone of the Bank of Canada can quickly change if there's any further deterioration in oil prices, or if China stumbles again, or if we see any type of weakness in the Canadian economy," said Rahim Madhavji, president at KnightsbridgeFX.com, adding that the statement was optimistic compared to what he had expected. The Canadian dollar finished at C$1.3250 to the greenback, or 75.47 U.S. cents, weaker than the Bank of Canada's official close of C$1.3205, or 75.73 U.S. cents on Tuesday. The loonie, which was broadly weaker against nearly all of its key currency counterparts by the end of the session, had rallied as strong as C$1.3155 after the decision was announced. Markets had been pricing in a more than 30 percent chance of a 25 basis point interest rate cut in October ahead of Wednesday's decision. That has since been pared back to just over 20 percent. U.S. oil prices settled at $44.15 a barrel, down $1.79, or 3.9 percent, as ample supply stirred worries over demand in a lackluster economic environment, particularly out of key consumer, China. As a major exporter of the commodity, Canada is sensitive to crude price movements. Going forward, Madhavji said there were few catalysts to drive the Canadian dollar in the short term, and that the currency was expected to remain rangebound between C$1.3050 and C$1.3300. Canadian government bond prices were mostly lower across the maturity curve, with the two-year price slipping 5 Canadian cents to yield 0.459 percent and the benchmark 10-year falling 23 Canadian cents to yield 1.495 percent. The Canada-U.S. two-year bond spread narrowed to -28.2 basis points, while the 10-year spread narrowed to -70.0 basis points. (Reporting by Solarina Ho; Editing by Meredith Mazzilli)

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https://www.reuters.com/article/markets-distillates-asia-idINL4N2HP1YX?edition-redirect=in

Asia Distillates-Jet fuel cracks hit highest in over 3 months

Asia Distillates-Jet fuel cracks hit highest in over 3 months By Reuters Staff0 Min Read SINGAPORE, Nov 3 (Reuters) - Asian refining margins for jet fuel rose to their strongest in more than three months on Tuesday, buoyed by a slight improvement in scheduled flights, but surging COVID-19 cases around the world are expected to keep a majority of long-haul international flights grounded in the near term. Refining margins, or cracks, for jet fuel in Singapore rose to $2.15 per barrel over Dubai crude during Asian trading hours, a level not seen since July 28. They were at $1.40 per barrel a day earlier. The number of scheduled flights operating globally in the week to Monday was 45.8% lower than the corresponding week a year earlier, according to aviation data firm OAG. This compares with 46.4% fewer flights year-on-year in October. Scheduled flights in Japan were down 36.2% year-on-year in the week to Monday, while flights in South Korea were 38.7% lower from the corresponding period last year, OAG data showed. Backed by firmer buying interests in the physical trade window on Tuesday, cash discounts for jet fuel JET-SIN-DIF narrowed to 45 cents a barrel to Singapore quotes, the smallest discounts since Aug. 25. LACK OF PASSENGER FLIGHTS SQUEEZE AIR FREIGHT CAPACITY IN PEAK SEASON - A sharp fall in passenger flights due to the COVID-19 pandemic, combined with rising e-commerce demand, is setting the stage for tight capacity and a renewed rise in air freight rates heading into the peak Christmas season. - Dedicated air freighters are flying more hours of the day than usual to help make up for the decline in passenger belly space and some airlines are running "ghost flights" without passengers due to attractive cargo rates, but capacity and demand remain mismatched, according to industry experts. SINGAPORE CASH DEALS - No jet fuel trade, one gasoil deal. OTHER NEWS - UK airline Virgin Atlantic called on Britain to introduce a passenger testing regime to allow quarantine-free travel once England's new lockdown ends on Dec. 2, warning that any delay could result in airlines needing state support. - Oil prices extended their rally on U.S. Election Day amid a recovery in financial markets on Tuesday, but concerns over surging coronavirus cases around the world capped further gains. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE RIC Spot Gas Oil 0.5% 41.50 GO-SIN GO 0.5 Diff -1.49 GO-SIN-DIF Spot Gas Oil 0.25% 41.80 GO25-SIN GO 0.25 Diff -1.19 GO25-SIN-DIF Spot Gas Oil 0.05% 42.00 GO005-SIN GO 0.05 Diff -0.99 GO005-SIN-DIF Spot Gas Oil 0.001% 42.62 GO10-SIN GO 0.001 Diff -0.38 GO10-SIN-DIF Spot Jet/Kero 40.80 JET-SIN Jet/Kero Diff -0.45 JET-SIN-DIF Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Devika Syamnath) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia-idINL4N2HZ1S8?edition-redirect=in

Asia Distillates-Jet fuel cash differentials drop, cracks post weekly decline

Asia Distillates-Jet fuel cash differentials drop, cracks post weekly decline By Reuters Staff0 Min Read SINGAPORE, Nov 13 (Reuters) - Asia's cash differentials for jet fuel dropped for a fourth consecutive session on Friday, while the prompt-month time spread for the aviation fuel in Singapore widened its contango structure. Cash discounts for jet fuel JET-SIN-DIF were at 47 cents a barrel to Singapore quotes, the widest since Nov. 2. They were at a discount of 42 cents per barrel a day earlier. The November/December time spread for jet fuel traded at a discount of 48 cents a barrel on Friday, compared with minus 34 cents on Thursday. The jet fuel market has found some support as demand for closely-related kerosene picked up ahead of winter months in Japan, which uses the fuel for residential heating during the cold months. But as a majority of international flights still remain grounded due to coronavirus restrictions, market watchers are keeping a close eye on domestic aviation demand and travel agreements between countries. "International flights still remain a no-go for the most part, although there has been a slow recovery in domestic travel, next to talks about travel bubbles being negotiated among 'lower-risk' markets," said Peter Lee, senior oil and gas analyst at Fitch Solutions. Refining profit margins, also known as cracks, for jet fuel dipped on Friday to $2.76 per barrel over Dubai crude during Asian trading hours, down from $2.91 per barrel a day earlier. The cracks have shed 1.8% this week, their first weekly decline in three, Refinitiv Eikon data showed. Energy consultancy FGE expects Singapore kero/jet cracks to hover around $1-$2 per barrel over the winter. ARA STOCKS - Jet fuel stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-JET-ARA dropped 4.4% to 1.2 million tonnes in the week to Nov. 12, data from Dutch consultancy Insights Global showed. - The data showed ARA gasoil inventories STK-GO-ARA dropped 2.8% to 2.6 million tonnes. SINGAPORE CASH DEALS - No jet fuel trade, no gasoil deals OTHER NEWS - India's fuel consumption in October registered its first year-on-year increase since February, as slowing coronavirus cases and increased mobility accelerated an economic recovery, data showed on Thursday. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 46.13 -0.98 -2.08 47.11 GO-SIN GO 0.5 Diff -1.14 -0.01 0.88 -1.13 GO-SIN-DIF Spot Gas Oil 0.25% 46.51 -0.98 -2.06 47.49 GO25-SIN GO 0.25 Diff -0.76 -0.01 1.33 -0.75 GO25-SIN-DIF Spot Gas Oil 0.05% 46.75 -0.98 -2.05 47.73 GO005-SIN GO 0.05 Diff -0.52 -0.01 1.96 -0.51 GO005-SIN-DIF Spot Gas Oil 0.001% 47.10 -0.98 -2.04 48.08 GO10-SIN GO 0.001 Diff -0.17 -0.02 13.33 -0.15 GO10-SIN-DIF Spot Jet/Kero 44.75 -1.30 -2.82 46.05 JET-SIN Jet/Kero Diff -0.47 -0.05 11.90 -0.42 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Krishna Chandra Eluri) Our Standards: The Thomson Reuters Trust Principles.

be2b3a3858879165c720a1f157ee233b

https://www.reuters.com/article/markets-distillates-asia-idUKL4N2HL2D7?edition-redirect=uk

Asia Distillates-Gasoil cash discounts narrow; traders see ample near-term supply

Asia Distillates-Gasoil cash discounts narrow; traders see ample near-term supply By Reuters Staff0 Min Read SINGAPORE, Oct 30 (Reuters) - Asia's cash discount for 10 ppm gasoil narrowed on Friday, thanks to a firmer deal in the physical market, but surging coronavirus cases across the globe are expected to hurt short-term demand for the industrial and transportation fuel, traders said. Cash discounts for gasoil with 10 ppm sulphur content GO10-SIN-DIF narrowed to 49 cents a barrel to Singapore quotes, compared with a 53-cent discount a day earlier. Refining margins or cracks for 10 ppm gasoil rose to $3.64 a barrel over Dubai crude during Asian trade, up from $3.42 per barrel on Thursday. The cracks for the benchmark gasoil grade, which have risen about 46% this week, however, remain at their weakest seasonal levels on record. Run cuts at some refineries as well as steady domestic demand in China and India have helped tighten the market to an extent, but traders remain concerned that there would still be abundant supplies for the rest of the year as Chinese exports are expected to stay elevated in the near term. China's gasoil exports in October are likely to close at around 1.5 million tonnes, compared with 1.19 million tonnes in September, Refinitiv oil research assessments showed. A majority of these Chinese export barrels are bound for Singapore, at 471,000 tonnes, and Australia, at 308,000 tonnes, according to the assessments. The front-month time spread for the benchmark 10ppm gasoil in Singapore, which has stayed in a contango structure since late-July, traded at a discount of 49 cents a barrel on Friday. ARA STOCKS - Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-GO-ARA dropped 5.9% to 2.6 million tonnes in the week to Oct. 29, data from Dutch consultancy Insights Global showed. - The data showed ARA jet fuel inventories STK-JET-ARA jumped 7.4% to a record 1.2 million tonnes. - Compared with a year earlier, ARA gasoil inventories were down 1.1%, while jet fuel stocks were about 61% higher. SINGAPORE CASH DEALS - No jet fuel trade, one gasoil deal. OTHER NEWS - Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said. - Asian refiners are expected to raise their oil products output in the fourth quarter to meet peak winter demand, but a gasoline supply deficit is likely as refineries prioritise production of other fuels with higher profits, analysts say. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 39.85 -0.84 -2.06 40.69 GO-SIN GO 0.5 Diff -1.50 0.01 -0.66 -1.51 GO-SIN-DIF Spot Gas Oil 0.25% 40.15 -0.84 -2.05 40.99 GO25-SIN GO 0.25 Diff -1.20 0.01 -0.83 -1.21 GO25-SIN-DIF Spot Gas Oil 0.05% 40.35 -0.84 -2.04 41.19 GO005-SIN GO 0.05 Diff -1.00 0.01 -0.99 -1.01 GO005-SIN-DIF Spot Gas Oil 0.001% 40.87 -0.80 -1.92 41.67 GO10-SIN GO 0.001 Diff -0.49 0.04 -7.55 -0.53 GO10-SIN-DIF Spot Jet/Kero 39.18 -0.60 -1.51 39.78 JET-SIN Jet/Kero Diff -0.60 -0.01 1.69 -0.59 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Devika Syamnath) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia-idUKL4N2HX2ES?edition-redirect=uk

Asia Distillates-Jet fuel cracks rise further on seasonal kerosene demand

Asia Distillates-Jet fuel cracks rise further on seasonal kerosene demand By Reuters Staff0 Min Read SINGAPORE, Nov 11 (Reuters) - Asia's cash discounts for jet fuel widened on Wednesday, hurt by muted buying interest in the physical market, while refining profit margins for the aviation fuel firmed for a second consecutive session. Cash discounts for jet fuel JET-SIN-DIF were at 24 cents a barrel to Singapore quotes, compared with a discount of 9 cents per barrel a day earlier. Refining margins, also known as cracks, for jet fuel rose to $3.63 per barrel over Dubai crude during Asian trading hours, a fresh high since March 30. They were at $3.55 per barrel a day earlier. "The onset of winter in North Asia has been providing some support to the kero complex," said Sandy Kwa, oil market analyst at energy consultancy FGE. "Kerosene demand in Japan is starting to see a seasonal boost, and we believe that some Japanese refiners are redirecting some gasoil production back into the jet/kero pool." The jet fuel cracks, which also determine the profitability of kerosene, have surged 48% in the last week, Refinitiv Eikon data showed. INVENTORIES - Middle-distillate inventories in the Fujairah Oil Industry Zone slipped 1.7% to 5.4 million barrels in the week ended Nov. 9, data via S&P Global Platts showed. - The weekly stocks in Fujairah have averaged about 4 million barrels so far in 2020, compared with the weekly average of 2.4 million barrels in 2019, Reuters calculations showed. - U.S. distillate stockpiles fell by 5.6 million barrels in the week to Nov. 6, compared with expectations for a draw of 1.9 million barrels, data from industry group the American Petroleum Institute (API) showed on Tuesday. SINGAPORE CASH DEALS - No jet fuel trade, no gasoil deals OTHER NEWS - Oil prices climbed on Wednesday as hopes of an effective COVID-19 vaccine continued to bolster sentiment, while an industry report showed U.S. crude inventories fell more than expected. - Japanese oil refiner Idemitsu Kosan expects higher gasoline and diesel exports in the October-March half of its financial year as its run rates are likely to recover to 85%-89% from 70% in the first half, an executive said on Tuesday. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 48.23 2.38 5.19 45.85 GO-SIN GO 0.5 Diff -1.12 0.09 -7.44 -1.21 GO-SIN-DIF Spot Gas Oil 0.25% 48.61 2.38 5.15 46.23 GO25-SIN GO 0.25 Diff -0.74 0.09 -10.84 -0.83 GO25-SIN-DIF Spot Gas Oil 0.05% 48.86 2.44 5.26 46.42 GO005-SIN GO 0.05 Diff -0.49 0.15 -23.44 -0.64 GO005-SIN-DIF Spot Gas Oil 0.001% 49.19 2.54 5.44 46.65 GO10-SIN GO 0.001 Diff -0.16 0.25 -60.98 -0.41 GO10-SIN-DIF Spot Jet/Kero 47.38 1.74 3.81 45.64 JET-SIN Jet/Kero Diff -0.24 -0.15 166.67 -0.09 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Devika Syamnath) Our Standards: The Thomson Reuters Trust Principles.

22c88d27251640a71e2049a600e9fc52

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-discounts-widen-amid-mounting-supplies-idUKL3N2GM1L7?edition-redirect=uk

Asia Distillates-Gasoil cash discounts widen amid mounting supplies

Asia Distillates-Gasoil cash discounts widen amid mounting supplies By Reuters Staff0 Min Read SINGAPORE, Sept 25 (Reuters) - Asia's cash discounts for 10 ppm gasoil widened on Friday, hurt by subdued buying interest for physical cargoes amid abundant supplies available in the region. Cash differentials for 10 ppm gasoil GO10-SIN-DIF were at a discount of 66 cents a barrel to Singapore quotes on Friday, compared with a discount of 63 cents per barrel a day earlier. The gasoil spot discounts have more than doubled over the last one month. Higher gasoil exports from China and India last month have added to an existing supply glut, especially as lack of arbitrage opportunities are keeping the barrels trapped within the region, trade sources said. India's gasoil exports this month are expected to close slightly higher than August, while Chinese exports would likely remain elevated through the fourth quarter, Refinitiv oil research assessments showed. The exchange of futures for swaps (EFS), which determines the gasoil price spread between Singapore and Northwest Europe, traded around minus 92 cents per tonne on Friday, typically making it unworkable for arbitrage shipments. Arbitrage is usually profitable when the EFS trades at about minus $15 a tonne or below, though it also depends on other factors such as freight rates, according to traders. Refining profit margins for 10 ppm gasoil, which have dropped about 27% this week, were up 18 cents on Friday at $2.15 a barrel over Dubai crude during Asian trading hours. ARA STOCKS - Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-GO-ARA dropped 5.5% to 2.8 million tonnes in the week to Sept. 24, data from Dutch consultancy Insights Global showed. - The data showed ARA jet fuel inventories fell STK-JET-ARA 1.7% to 938,000 tonnes. - Compared with a year earlier, ARA gasoil inventories were down 0.2%, while jet fuel stocks were 43% higher. SINGAPORE CASH DEALS - No gasoil deals, no jet fuel trades OTHER NEWS - Crude oil processed by Indian refiners slipped 26.4% from a year ago in August, the most in four months, as fuel demand remained subdued on sky-rocketing coronavirus cases that hindered industrial and transport activity. - Oil prices edged higher on Friday but were set for a weekly decline due to increasing concerns about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 42.39 0.99 2.39 41.40 GO-SIN GO 0.5 Diff -1.95 0.07 -3.47 -2.02 GO-SIN-DIF Spot Gas Oil 0.25% 42.64 0.99 2.38 41.65 GO25-SIN GO 0.25 Diff -1.70 0.07 -3.95 -1.77 GO25-SIN-DIF Spot Gas Oil 0.05% 43.09 0.99 2.35 42.10 GO005-SIN GO 0.05 Diff -1.25 0.07 -5.30 -1.32 GO005-SIN-DIF Spot Gas Oil 0.001% 43.68 0.89 2.08 42.79 GO10-SIN GO 0.001 Diff -0.66 -0.03 4.76 -0.63 GO10-SIN-DIF Spot Jet/Kero 40.99 1.44 3.64 39.55 JET-SIN Jet/Kero Diff -1.05 0.07 -6.25 -1.12 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Krishna Chandra Eluri) Our Standards: The Thomson Reuters Trust Principles.

4abe825aa7c734d0377e3593ab1b18da

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-discounts-widen-singapore-middle-distillate-stocks-rise-idUKL4N2H62QD?edition-redirect=uk

Asia Distillates-Gasoil cash discounts widen; Singapore middle distillate stocks rise

Asia Distillates-Gasoil cash discounts widen; Singapore middle distillate stocks rise By Reuters Staff0 Min Read SINGAPORE, Oct 15 (Reuters) - Asia's cash differentials for 10 ppm gasoil inched lower on Thursday as ample supplies muted demand for physical cargoes, while onshore middle distillate inventories in Singapore rose to a two-week high. Cash discounts for gasoil with 10 ppm sulphur content GO10-SIN-DIF widened by 2 cents to 50 cents a barrel to Singapore quotes on Thursday. The October/November time spread for 10 ppm gasoil in Singapore narrowed its contango structure to trade at a discount of 45 cents per barrel on Thursday, compared with minus 48 cents per barrel a day earlier. Refining margins, also known as cracks, for 10 ppm gasoil rose by 34 cents to $3.86 a barrel over Dubai crude during Asian trading hours, partly helped by weaker feedstock crude prices. The gasoil cracks have climbed about 25% so far this month, but they continue to remain at their lowest seasonal levels on record, according to Refinitiv Eikon data that goes back to 2014. INVENTORIES - Singapore's middle distillate inventories rose 2% to 15.1 million barrels in the week to Oct. 14, according to Enterprise Singapore data. - Weekly Singapore middle distillate inventories have averaged about 13.4 million barrels so far in 2020, Reuters calculations showed. This week's stocks were 59.5% higher year-on-year. - U.S. distillate stockpiles fell by 3.9 million barrels in the week to Oct. 9, compared with expectations of a draw of 2.1 million barrels, data from industry group the American Petroleum Institute (API) showed on Wednesday. SINGAPORE CASH DEALS - One jet fuel trade, no gasoil deals OTHER NEWS - Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand. - Singapore's residual fuel oil inventories climbed to a near two-month high in the week ended Oct. 14, about 2% higher from the previous week by elevated net import volumes, official data showed on Thursday. The higher stockpiles came despite steady demand for marine fuels in the Singapore bunkering hub, trade sources said. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 44.34 0.91 2.10 43.43 GO-SIN GO 0.5 Diff -1.73 -0.02 1.17 -1.71 GO-SIN-DIF Spot Gas Oil 0.25% 44.80 0.91 2.07 43.89 GO25-SIN GO 0.25 Diff -1.27 -0.02 1.60 -1.25 GO25-SIN-DIF Spot Gas Oil 0.05% 44.94 0.91 2.07 44.03 GO005-SIN GO 0.05 Diff -1.13 -0.02 1.80 -1.11 GO005-SIN-DIF Spot Gas Oil 0.001% 45.57 0.90 2.01 44.67 GO10-SIN GO 0.001 Diff -0.50 -0.02 4.17 -0.48 GO10-SIN-DIF Spot Jet/Kero 43.18 0.59 1.39 42.59 JET-SIN Jet/Kero Diff -0.53 -0.01 1.92 -0.52 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Krishna Chandra Eluri) Our Standards: The Thomson Reuters Trust Principles.

b078da892243763219601e9bab9e2dcd

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-premiums-drop-on-subdued-trading-idUKL4N2E82V4?edition-redirect=uk

Asia Distillates-Gasoil cash premiums drop on subdued trading

Asia Distillates-Gasoil cash premiums drop on subdued trading By Reuters Staff0 Min Read SINGAPORE, July 1 (Reuters) - Asia's cash premiums for 10 ppm gasoil slipped on Wednesday, hurt by muted buying interest for physical cargoes, while traders were concerned regional refiners returning from turnarounds and ramping up production would dampen the market that is already grappling with supplies. Cash premiums for 10-ppm gasoil GO10-SIN-DIF fell to 73 cents a barrel to Singapore quotes on Wednesday, down from 88 cents per barrel a day earlier. Gasoil demand should get a boost in the third quarter as more countries ease coronavirus-related restrictions and industrial activity picks up pace, but market tightness would be disrupted by increasing supply volumes, market watchers said. "The relative resilience in refinery runs through the weakest demand period has resulted in sizeable baggage of product inventories," said Kostantsa Rangelova, head of downstream at JBC Energy. Refining margins, also known as cracks, for gasoil with 10-ppm sulphur content were at $6.84 a barrel over Dubai crude during Asian trading hours, compared with Tuesday's $6.16 per barrel. Improving demand would bolster the cracks to an extent, but they are still expected to remain at historically weak levels, industry analysts said. The region's gasoil surplus in the second half the year is expected to average at 840,000 barrels per day (bpd), down just by 300,000 bpd compared to the first half of the year, according to estimates by energy consultant FGE. INVENTORIES - Middle-distillate inventories in the Fujairah Oil Industry Zone dropped 19.1% to 4.1 million barrels in the week ended June 29, data via S&P Global Platts showed. - The weekly stocks in Fujairah have averaged 3.9 million barrels so far in 2020, compared with a weekly average of 2.4 million barrels in 2019, Reuters calculations showed. - Meanwhile, U.S. distillate fuel inventories rose by 2.6 million barrels, compared with expectations for a decrease of 393,000 barrels, data from industry group the American Petroleum Institute (API) showed on Tuesday. SINGAPORE CASH DEALS - No jet fuel trades, no gasoil deals ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 47.43 0.97 2.09 46.46 GO-SIN GO 0.5 Diff -0.98 -0.14 16.67 -0.84 GO-SIN-DIF Spot Gas Oil 0.25% 48.07 0.97 2.06 47.10 GO25-SIN GO 0.25 Diff -0.34 -0.14 70.00 -0.20 GO25-SIN-DIF Spot Gas Oil 0.05% 48.96 1.03 2.15 47.93 GO005-SIN GO 0.05 Diff 0.55 -0.09 -14.06 0.64 GO005-SIN-DIF Spot Gas Oil 0.001% 49.15 0.97 2.01 48.18 GO10-SIN GO 0.001 Diff 0.73 -0.15 -17.05 0.88 GO10-SIN-DIF Spot Jet/Kero 43.51 1.66 3.97 41.85 JET-SIN Jet/Kero Diff -0.64 0.03 -4.48 -0.67 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Ramakrishnan M.) Our Standards: The Thomson Reuters Trust Principles.

ef27939379842c329dfcf8451bcd769f

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-premiums-edge-higher-idUKL4N2EG1AH?edition-redirect=uk

Asia Distillates-Gasoil cash premiums edge higher

Asia Distillates-Gasoil cash premiums edge higher By Reuters Staff0 Min Read SINGAPORE, July 9 (Reuters) - Asia's cash premiums for 10 ppm gasoil inched up on Thursday, thanks to a firmer deal in the physical market, while refining profit margins for the industrial fuel edged higher. Traders, however, remained worried that recovery in gasoil demand would likely come under pressure due to renewed lockdowns as many countries face a resurgence in COVID-19 cases. Cash premiums for 10-ppm gasoil GO10-SIN-DIF were at 58 cents a barrel to Singapore quotes on Thursday, two cents higher than Wednesday. The prompt-month time spread for 10 ppm gasoil traded at a premium of 41 cents a barrel on Thursday, compared with 67 cents per barrel a week earlier. In backwardation, the prompt-month contract is more expensive than subsequent months, which makes it uneconomical to store the product and leads to a drawdown in inventories. But a narrowing backwardation indicates the market may flip back into contango -- the opposite of backwardation -- that tends to encourage holders of physical barrels to store the product for selling later to secure higher prices. The region has ample gasoil supplies at the moment, while more supplies are expected in the next few weeks as regional refiners have been ramping up output, traders said. Gasoil demand typically takes a beating during the third quarter as monsoon season dampens agricultural demand, while heavy rainfall impacts transportation demand in some parts of the region, they added. Refining margins for gasoil with 10-ppm sulphur content rose by 6 cents to $6.54 a barrel over Dubai crude during Asian trading hours. INVENTORIES - Singapore onshore middle distillate stocks rose 1.5% to 13.6 million barrels in the week ended July 8, Enterprise Singapore data showed. - The weekly Singapore middle distillate inventories have averaged at 12.8 million barrels so far in 2020, Reuters calculations showed. This week's stocks were 23% higher year-on-year. - U.S. distillate stockpiles rose 3.1 million barrels to about 177.3 million barrels, their highest level since 1983, the Energy Information Administration said on Wednesday. SINGAPORE CASH DEALS - One gasoil deal, no jet fuel trades OTHER NEWS - Oil prices edged lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 48.61 0.44 0.91 48.17 GO-SIN GO 0.5 Diff -0.86 0.01 -1.15 -0.87 GO-SIN-DIF Spot Gas Oil 0.25% 49.25 0.44 0.90 48.81 GO25-SIN GO 0.25 Diff -0.22 0.01 -4.35 -0.23 GO25-SIN-DIF Spot Gas Oil 0.05% 49.94 0.44 0.89 49.50 GO005-SIN GO 0.05 Diff 0.47 0.01 2.17 0.46 GO005-SIN-DIF Spot Gas Oil 0.001% 50.05 0.45 0.91 49.60 GO10-SIN GO 0.001 Diff 0.58 0.02 3.57 0.56 GO10-SIN-DIF Spot Jet/Kero 43.33 0.27 0.63 43.06 JET-SIN Jet/Kero Diff -0.34 0.03 -8.11 -0.37 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Krishna Chandra Eluri) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-premiums-rise-cracks-post-weekly-gain-idUKL4N29813W?edition-redirect=uk

Asia Distillates-Gasoil cash premiums rise, cracks post weekly gain

Asia Distillates-Gasoil cash premiums rise, cracks post weekly gain By Reuters Staff0 Min Read SINGAPORE, Jan 3 (Reuters) - Asia's cash premiums for 10ppm gasoil rose on Friday, while refining profit margins for the transportation fuel gained 3% in the week after a global switch to cleaner marine fuels. From Jan. 1, the International Maritime Organization (IMO) has banned ships from using fuels with a sulphur content above 0.5%, compared with 3.5% earlier. This is expected to boost the gasoil market over the next few months, as a section of ship-owners opt for marine gasoil (MGO) to adhere with the new rules. Cash premiums for 10 ppm gasoil GO10-SIN-DIF climbed to 62 cents per barrel over Singapore quotes on Friday, up from a premium of 56 cents per barrel a day earlier. Refining margins, or cracks, for gasoil with 10 ppm sulphur content rose to $16.15 per barrel over Dubai crude during Asian trade on Friday, compared with $15.81 per barrel on Thursday. Cracks for the benchmark gasoil grade in Singapore have risen 3.1% this week, Refinitiv Eikon data showed. In order to meet the new sulphur cap on marine fuels, shippers so far have appeared to be favouring very low-sulphur fuel oil (VLSFO) mixes over distillate fuels. But testing companies examining the newer, low-sulphur marine blends acquired from major markets have found sediment at levels that could damage the engines of ocean-going vessels. "Sediment is a critical component, so blenders try to minimize potential sediment content. But if engine troubles are reported, many (VLSFO users) would move to the MGO pool," a Seoul-based trader said. Meanwhile, jet fuel cracks rose to $15.25 per barrel over Dubai crude on Friday, up from $15.09 a barrel on Thursday. Cash premiums for jet fuel JET-SIN-DIF were at 33 cents per barrel to Singapore quotes on Friday, compared with a 29-cent premium on Thursday. ARA STOCKS - Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-GO-ARA rose 3.5% to 2.5 million tonnes in the week to Jan. 2, data from Dutch consultancy Insights Global showed. - Gasoil inventories were up on imports from Russia, Insights Global's Lars van Wageningen said. The stocks were seasonally at their highest since 2015. - ARA jet fuel inventories STK-JET-ARA fell 3.5% to 584,000 tonnes, the data showed. - Compared with a year earlier, jet fuel stocks were 0.7% higher, while gasoil inventories were up 21.7%. SINGAPORE CASH DEALS - No gasoil trades, one jet fuel deal. - For more information, click OTHER NEWS - Brent crude futures jumped nearly $3 on Friday to their highest since September after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies. - Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 80.91 2.17 2.76 78.74 GO-SIN GO 0.5 Diff -2.13 -0.03 1.43 -2.10 GO-SIN-DIF Spot Gas Oil 0.25% 81.54 2.17 2.73 79.37 GO25-SIN GO 0.25 Diff -1.50 -0.03 2.04 -1.47 GO25-SIN-DIF Spot Gas Oil 0.05% 82.80 2.11 2.61 80.69 GO005-SIN GO 0.05 Diff -0.24 -0.09 60.00 -0.15 GO005-SIN-DIF Spot Gas Oil 0.001% 83.66 2.26 2.78 81.40 GO10-SIN GO 0.001 Diff 0.62 0.06 10.71 0.56 GO10-SIN-DIF Spot Jet/Kero 82.38 2.18 2.72 80.20 JET-SIN Jet/Kero Diff 0.33 0.04 13.79 0.29 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Maju Samuel) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-premiums-rise-front-month-spread-widens-idINL4N28X0W7?edition-redirect=in

Asia Distillates-Gasoil cash premiums rise, front-month spread widens

Asia Distillates-Gasoil cash premiums rise, front-month spread widens By Reuters Staff0 Min Read SINGAPORE, Dec 23 (Reuters) - Asia's cash differentials for 10 ppm gasoil edged higher on Monday, buoyed by expectations of firmer buying interests ahead of a switch to cleaner marine fuels starting January. Traders were hopeful the first half of 2020 will bring a major boost for marine gasoil (MGO) demand as new International Maritime Organization (IMO) rules prohibit ships from using fuels containing more than 0.5% sulphur, compared with 3.5% through the end of December. Cash premiums for gasoil with 10 ppm sulphur content GO10-SIN-DIF climbed to 78 cents per barrel over Singapore quotes, their highest in more than two weeks. The gasoil cash differentials were at a premium of 77 cents a barrel on Friday. The January/February time spread for 10 ppm gasoil widened its backwardated structure by 4 cents to trade at a premium of 42 cents a barrel on Monday. In backwardation, the front-month contract is more expensive than subsequent months, making it uneconomical to store the product, leading to a drawdown in inventories. It is usually seen as an indication that prices are likely to head higher in future months. Refining margins, also known as cracks, for gasoil with 10 ppm sulphur content slipped 23 cents to $15.45 per barrel over Dubai crude during Asian trading hours on Friday. Meanwhile, jet fuel cracks eased to $14.85 per barrel over Dubai crude on Monday, down from $15.13 per barrel in the previous session on Friday. Cash differentials for jet fuel JET-SIN-DIF narrowed their discounts to 2 cents per barrel to Singapore quotes, backed by a couple of firmer deals in the physical trading window in Singapore. They were at a discount of 11 cents a barrel on Friday. CHINA NOVEMBER PRODUCT EXPORTS - China's diesel exports climbed to 2.21 million tonnes in November, up from 1.19 million tonnes in October and nearly 80% higher than a year earlier, data from the General Administration of Customs showed on Monday. - Gasoline shipments were 1.84 million tonnes last month. That compares to the previous record at 1.73 million tonnes in October and 630,000 tonnes in November 2018. - Jet kerosene exports rose to 1.62 million tonnes in November from 1.58 million tonnes the previous month and 1.54 million tonnes in the same month last year. U.S.-EUROPE OIL FREIGHT RATES HIT RECORD - Rates for Aframax-class crude oil tankers leaving the U.S. Gulf Coast hit a record this week, according to three shipbrokers, reflecting strong demand in Europe and the Mediterranean for low-sulphur crude. - Equinor ASA and Unipec, the trading arm of China's top refiner Sinopec, provisionally chartered Aframax tankers Everest Spirit and Nordorchid, respectively, this week at rates of 245 worldscale points, according to one broker and Refinitiv Eikon data. Both vessels are headed to Europe. - The worldscale rate translates to about $60,700-per-day, well above the $46,800-per-day rate a week ago for Aframax vessels, according to calculations by shipbroker and consultants Poten & Partners. SINGAPORE CASH DEALS - No gasoil trades, two jet fuel deals. - Singapore trader Hin Leong bought 100,000 barrels of jet fuel from Shell for Jan. 7-11 loading at a premium of 10 cents a barrel to Singapore quotes. - Hin Leong bought another 100,000 barrels of jet fuel from Shell for Jan. 14-18 loading at a premium of 10 cents a barrel to Singapore quotes. - For more information, please click OTHER NEWS - Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying an agreement would be signed "very shortly". - U.S. energy firms added the most oil rigs last week since February 2018 - primarily in the Permian shale - even though producers have been reducing spending on new drilling for much of this year. Companies added 18 oil rigs in the week to Dec. 20, bringing the total count to 685, the most since early November, energy services firm Baker Hughes Co said in its closely followed report on Friday. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 77.63 -0.99 -1.26 78.62 GO-SIN GO 0.5 Diff -2.27 0.01 -0.44 -2.28 GO-SIN-DIF Spot Gas Oil 0.25% 78.23 -0.99 -1.25 79.22 GO25-SIN GO 0.25 Diff -1.67 0.01 -0.60 -1.68 GO25-SIN-DIF Spot Gas Oil 0.05% 79.45 -0.99 -1.23 80.44 GO005-SIN GO 0.05 Diff -0.45 0.01 -2.17 -0.46 GO005-SIN-DIF Spot Gas Oil 0.001% 80.68 -0.99 -1.21 81.67 GO10-SIN GO 0.001 Diff 0.78 0.01 1.30 0.77 GO10-SIN-DIF Spot Jet/Kero 79.28 -0.91 -1.13 80.19 JET-SIN Jet/Kero Diff -0.02 0.09 -81.82 -0.11 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Rashmi Aich) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cash-premiums-slip-amid-weaker-trades-idUKL4N29L1UA?edition-redirect=uk

Asia Distillates-Gasoil cash premiums slip amid weaker trades

Asia Distillates-Gasoil cash premiums slip amid weaker trades By Reuters Staff0 Min Read SINGAPORE, Jan 16 (Reuters) - Asia's cash premiums for 10 ppm gasoil fell to their lowest in 1-1/2 months on Thursday, hurt by a couple of weaker deals in the physical market. Cash premiums for 10 ppm gasoil GO10-SIN-DIF dipped 2 cents to 27 cents per barrel over Singapore quotes on Thursday, their lowest since Dec. 2. The gasoil market awaits higher demand over the next couple of months, as a section of ship-owners are expected to switch to marine gasoil (MGO) to comply with new regulations on cleaner marine fuels. The International Maritime Organization (IMO) has banned ships from using fuels with sulphur content of more than 0.5%, effective Jan. 1. Ship operators have shown strong preference for very low sulphur fuel oil (VLSFO), but gasoil traders said they were expecting MGO demand to pick up by the end of this month or early next month. The front-month time spread for 10 ppm gasoil traded at a premium of 19 cents a barrel on Thursday, Refinitiv data showed. The backwardation in the market indicates prices would likely strengthen in coming months. Refining margins, also known as cracks, for gasoil with 10 ppm sulphur content dropped to $12.27 per barrel over Dubai crude during Asian trade on Thursday, a level not seen since April-end last year. Meanwhile, refining margins for jet fuel were at $11.64 per barrel over Dubai crude, down from $12.17 per barrel on Wednesday. The jet fuel cracks have plunged to their weakest levels in more than eight months, weighed down by weak aviation demand and a drop in the use of heating oil due to a warm winter in Northeast Asia. Cash premiums for the aviation fuel JET-SIN-DIF edged higher to 13 cents a barrel over Singapore quotes, compared with a premium of 11 cents on Wednesday. SINGAPORE INVENTORIES - Singapore onshore middle distillate stocks rose 4.9% to a two-week high of 10.1 million barrels in the week to Jan. 15, Enterprise Singapore data showed. - Weekly middle distillate inventories averaged 11.1 million barrels in 2019, having averaged 9.6 million barrels a week in 2018, Reuters calculations showed. - Overall, onshore middle distillate inventories were 19.8% lower year on year. - Light distillate stocks rose 1.07 million barrels to a near nine-month high of 13.1 million barrels in the week to Wednesday, while fuel oil stocks rose 831,000 barrels to a more than six-month high of 22.7 million barrels, Enterprise Singapore data showed. EIA INVENTORIES - U.S. crude stocks fell in the latest week while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. - Crude inventories fell by 2.5 million barrels in the last week to 428.5 million barrels, much more sharply than the 474,000-barrel drop analysts had expected in a Reuters poll. - Distillate stockpiles, which include diesel and heating oil, rose by 8.2 million barrels in the week to 147.2 million barrels, versus expectations for a 1.2 million-barrel rise, the EIA data showed. TENDERS - India's Mangalore Refinery and Petrochemicals Ltd (MRPL) was offering 40,000 tonnes of jet fuel for loading over Feb. 13-15 from the port of New Mangalore. - The tender closes on Jan. 21 and will remain valid until Jan. 22. - For more such information, please click SINGAPORE CASH DEALS - Eight gasoil trades, no jet fuel deals. - For more information, click OTHER NEWS - U.S. oil and gas exports should jump over the next two years, if China fulfils its pledges to increase energy purchases under the trade deal between the world's two largest economies signed on Wednesday, executives and traders said. - Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 73.35 -0.64 -0.86 73.99 GO-SIN GO 0.5 Diff -2.13 -0.07 3.40 -2.06 GO-SIN-DIF Spot Gas Oil 0.25% 74.06 -0.64 -0.86 74.70 GO25-SIN GO 0.25 Diff -1.42 -0.07 5.19 -1.35 GO25-SIN-DIF Spot Gas Oil 0.05% 75.20 -0.64 -0.84 75.84 GO005-SIN GO 0.05 Diff -0.28 -0.07 33.33 -0.21 GO005-SIN-DIF Spot Gas Oil 0.001% 75.76 -0.58 -0.76 76.34 GO10-SIN GO 0.001 Diff 0.27 -0.02 -6.90 0.29 GO10-SIN-DIF Spot Jet/Kero 74.97 -0.59 -0.78 75.56 JET-SIN Jet/Kero Diff 0.13 0.02 18.18 0.11 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Vinay Dwivedi) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-crack-stays-firm-stockpiles-fall-idUKL4N2IC31N?edition-redirect=uk

Asia Distillates-Gasoil crack stays firm; stockpiles fall

Asia Distillates-Gasoil crack stays firm; stockpiles fall By Reuters Staff0 Min Read SINGAPORE, Nov 26 (Reuters) - Asia's benchmark 10ppm diesel crack remained above $5 a barrel for the third day on Thursday, with stockpiles in Singapore easing. - Singapore onshore middle distillates inventories fell for the second straight week , data from Enterprise Singapore showed. - The stock levels eased nearly 4.4% or 703,000 barrels in the week to Wednesday to reach a three-week low of almost 15.4 million barrels. - This was still more than 40% higher than inventories from a year ago at 10.9 million barrels. - Distillate stockpiles in the United States were also down, having fallen by 1.4 million barrels last week to 142.6million barrels, data from Energy Information Administration (EIA) showed. - Overall supplies in Asia this month however are expected to remain high. - Data from Refinitiv Oil Research showed that Asia's November-loading diesel exports so far are seen at up to 6.3 million tonnes. - The exports volume could potential rise to 9.0-9.5 million tonnes by end of the month versus 9.0 million tonnes in October. * TENDERS: China Aviation Oil (CAO) was seeking 25,000 tonnes of jet fuel to be delivered to Huangpu on Jan. 4-6 through a tender closing on Nov. 27. * OTHER NEWS: Global aviation heavyweights led by airline body IATA are pushing to suspend airport slot access rules until next October, according to a document seen by Reuters, while giving some ground to budget carriers angered by measures they deem anti-competitive. MID-DISTILLATES CASH ($/T) ASIA CLOSE Chang % Prev RIC e Chang Clos e e Spot Gas Oil 0.5% 51.36 -0.26 -0.50 51.6 GO-SIN 2 GO 0.5 Diff -1.10 0.00 0.00 -1.1 <GO-SIN-DIF 0 > Spot Gas Oil 51.46 -0.66 -1.27 52.1 GO25-SIN 0.25% 2 GO 0.25 Diff -1.00 -0.40 66.67 -0.6 <GO25-SIN-D 0 IF> Spot Gas Oil 51.61 -0.66 -1.26 52.2 GO005-SIN 0.05% 7 GO 0.05 Diff -0.85 -0.40 88.89 -0.4 <GO005-SIN- 5 DIF> Spot Gas Oil 52.31 -0.29 -0.55 52.6 GO10-SIN 0.001% 0 GO 0.001 Diff -0.15 -0.03 25.00 -0.1 <GO10-SIN-D 2 IF> Spot Jet/Kero 50.33 -0.03 -0.06 50.3 JET-SIN 6 Jet/Kero Diff -0.25 0.05 -16.6 -0.3 <JET-SIN-DI 7 0 F> For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 10ppm-Dubai Cracks M1 Gasoil 10ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Seng Li Peng; Editing by Nick Zieminski) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-drop-to-lowest-in-over-two-weeks-idUKL4N2E72BQ?edition-redirect=uk

Asia Distillates-Gasoil cracks drop to lowest in over two weeks

Asia Distillates-Gasoil cracks drop to lowest in over two weeks By Reuters Staff0 Min Read SINGAPORE, June 30 (Reuters) - Asian refining margins for 10 ppm gasoil dropped for a third consecutive session on Tuesday, weighed down by concerns of a new wave of coronavirus on demand recovery, while refiners increase production, adding to an existing supply overhang in the region. Refining margins or cracks for gasoil with 10-ppm sulphur content dropped 13 cents to $6.16 a barrel over Dubai crude during Asian trade on Tuesday, the lowest since June 12. The gasoil profits are currently at their weakest seasonal levels on record, according to Refinitiv Eikon data that goes back to 2014. The regional gasoil market is expected to get additional fresh supplies as refineries in countries such as India, South Korea, Japan and Thailand, alongside Chinese refiners ramp up output, market watchers said. But traders believe the worst from the pandemic is over, and that should support the overall refining margins in the region going forward. "Currently, our team of economists are expecting gradual recovery in growth and demand to start to kick in from the third quarter of 2020 as the most stringent containment measures are lifted," said Peter Lee, senior oil and gas analyst at Fitch Solutions. "This should prove helpful for diesel demand, as industrial activities make a comeback from months-long hiatus, although a return to pre-Covid-19 norms could take months if not quarters." Cash premiums for 10-ppm gasoil GO10-SIN-DIF rose to 88 cents a barrel to Singapore quotes on Tuesday, up from 67 cents per barrel a day earlier. Meanwhile, cash discounts for jet fuel JET-SIN-DIF were at 67 cents a barrel to Singapore quotes on Tuesday, compared with a 79-cent discount on Monday. TENDERS - UAE's Emirates General Petroleum Corporation (Emarat) was looking to buy 20,000 tonnes of 10ppm gasoil for July 26-27 delivery into Jebel Ali port. - The tender closes on June 30 will remain valid until July 2. SINGAPORE CASH DEALS - No jet fuel trades, no gasoil deals OTHER NEWS - Oil prices slipped on Tuesday as traders took profits after sharp gains in the previous session and Libya's state oil company flagged progress on talks to resume exports, potentially boosting supply. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 46.46 1.47 3.27 44.99 GO-SIN GO 0.5 Diff -0.84 0.16 -16.00 -1.00 GO-SIN-DIF Spot Gas Oil 0.25% 47.10 1.47 3.22 45.63 GO25-SIN GO 0.25 Diff -0.20 0.16 -44.44 -0.36 GO25-SIN-DIF Spot Gas Oil 0.05% 47.93 1.41 3.03 46.52 GO005-SIN GO 0.05 Diff 0.64 0.11 20.75 0.53 GO005-SIN-DIF Spot Gas Oil 0.001% 48.18 1.42 3.04 46.76 GO10-SIN GO 0.001 Diff 0.88 0.11 14.29 0.77 GO10-SIN-DIF Spot Jet/Kero 41.85 1.42 3.51 40.43 JET-SIN Jet/Kero Diff -0.67 0.12 -15.19 -0.79 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; editing by Louise Heavens) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-edge-higher-cash-premiums-dip-idINL4N29K1R4?edition-redirect=in

Asia Distillates-Gasoil cracks edge higher, cash premiums dip

Asia Distillates-Gasoil cracks edge higher, cash premiums dip By Reuters Staff0 Min Read SINGAPORE, Jan 15 (Reuters) - Asian refining margins for 10 ppm gasoil climbed on Wednesday, partly due to a dip in raw material crude prices, while cash premiums for the industrial fuel dropped amid weaker buying interest for physical cargoes. Refining margins or cracks for gasoil with 10 ppm sulphur content rose to $13.13 per barrel over Dubai crude during Asian trading hours on Wednesday, compared with an over 8-month low of $12.84 per barrel on Tuesday. Crude oil prices slipped on Wednesday amid concerns that the pending Phase 1 trade deal between the United States and China, the world's biggest oil users, may not boost demand as Washington intends to keep tariffs on Chinese goods until a second phase. Cash premiums for 10 ppm gasoil GO10-SIN-DIF were at 29 cents per barrel over Singapore quotes on Wednesday, down from 36 cents per barrel a day earlier. The January/February time spread for 10 ppm gasoil narrowed on Wednesday to trade at a premium of 11 cents per barrel, compared with 33 cents a barrel in the previous session, Refinitiv Eikon data showed. WARM WINTER, WEAK AVIATION HURT JET FUEL CRACKS - Asian refining profit margins for jet fuel have slumped to their lowest in more than eight months, weighed down by weak aviation demand and a drop in the use of heating oil due to a warm winter in Northeast Asia. - Milder winter temperatures this year have kept a lid on the usual demand uptick from heating for kerosene, which belongs to the same grade of oil products as jet fuel, especially in Japan. - Refining profits for the aviation fuel were at $12.57 per barrel over Dubai crude on Wednesday, compared with $11.87 per barrel on Tuesday, their lowest since April 30 last year. - Margins for jet fuel are currently at their weakest levels for this time of the year since 2016, Refinitiv data showed. - Temperatures in Tokyo are forecast to remain mostly above normal for the next 45-day period, weather forecast models on Refinitiv showed. FUJAIRAH STOCKS - Middle-distillate inventories in the Fujairah Oil Industry Zone rose 17.9% from a week earlier to 4.3 million barrels in the week to Jan. 13, data via S&P Global Platts showed. - Stocks of middle distillates in the Fujairah oil hub averaged 2.4 million barrels in 2019, compared with a weekly average of 2.8 million barrels in 2018, Reuters calculations showed. - Weekly Fujairah middle distillate stocks have more than doubled, when compared with year-ago levels. API INVENTORY DATA - U.S. crude oil stocks rose in the most recent week while gasoline and distillate inventories also climbed, data from industry group the American Petroleum Institute showed on Tuesday. - Crude inventories rose by 1.1 million barrels in the week to Jan. 10, to 431.4 million barrels, compared with analysts' expectations for a draw of 474,000 barrels. - Distillate fuel inventories, which include diesel and heating oil, rose by 6.8 million barrels, compared with expectations for a 1.2 million-barrel increase, the data showed. SINGAPORE CASH DEALS - Two jet fuel trades, two gasoil deals. - For more information, click OTHER NEWS - The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy and services. - Key OPEC countries and their allies have begun discussing a delay until June of a decision on extending a deal to cut output, Russia's TASS news agency said on Wednesday, citing an unnamed source. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 73.99 -0.04 -0.05 74.03 GO-SIN GO 0.5 Diff -2.06 0.01 -0.48 -2.07 GO-SIN-DIF Spot Gas Oil 0.25% 74.70 -0.04 -0.05 74.74 GO25-SIN GO 0.25 Diff -1.35 0.01 -0.74 -1.36 GO25-SIN-DIF Spot Gas Oil 0.05% 75.84 -0.15 -0.20 75.99 GO005-SIN GO 0.05 Diff -0.21 -0.10 90.91 -0.11 GO005-SIN-DIF Spot Gas Oil 0.001% 76.34 -0.12 -0.16 76.46 GO10-SIN GO 0.001 Diff 0.29 -0.07 -19.44 0.36 GO10-SIN-DIF Spot Jet/Kero 75.56 0.30 0.40 75.26 JET-SIN Jet/Kero Diff 0.11 -0.07 -38.89 0.18 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Aditya Soni) Our Standards: The Thomson Reuters Trust Principles.

b20fae6d026d23b00c5c131e2c779856

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-hit-highest-in-over-a-month-idUKL3N2ES1WC?edition-redirect=uk

Asia Distillates-Gasoil cracks hit highest in over a month

Asia Distillates-Gasoil cracks hit highest in over a month By Reuters Staff0 Min Read SINGAPORE, July 21 (Reuters) - Asian refining margins for 10 ppm gasoil climbed to their strongest in more than a month on Tuesday, while cash premiums for the transportation fuel inched higher, thanks to a stronger deal in the physical market. Trade sources said the gasoil market is getting support as lower rates at some refineries have helped cut excess supplies from the region, but the ongoing new wave of coronavirus infections will deter any sustainable demand recovery in the near term. Refining margins or cracks for gasoil with 10 ppm sulphur content rose 60 cents to $7.22 a barrel over Dubai crude during Asian trading hours, the highest level since June 18. The cracks, however, might lose steam over the next few weeks as India and China are expected to export higher gasoil volumes this month, compared with June, market watchers said. Diesel demand typically takes a hit during monsoon months in some parts of the region as heavy rainfall and floods curtail demand for the transportation fuel. Large parts of China are currently reeling from the worst floods in decades, while intense rain and floods have swamped large parts of India's densely populated eastern states. Cash premiums for 10 ppm gasoil GO10-SIN-DIF were at 70 cents a barrel to Singapore quotes on Tuesday, up 1 cent from a day earlier. A gradual uptick in economic activities would likely support gasoil demand in the coming months, but downside risks remain high, industry analysts said. SOUTHEAST ASIA BUDGET AIRLINE BOOM TURNS SOUR - Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets. - Auditors for Malaysia's AirAsia Group Bhd and Vietnam's VietJet Aviation JSC are concerned about cashflows and funding, while Indonesia's Lion Air has put the brakes on a planned flotation. SINGAPORE CASH DEALS - One gasoil deal, no jet fuel trades OTHER NEWS - Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 49.25 1.57 3.29 47.68 GO-SIN GO 0.5 Diff -0.89 0.01 -1.11 -0.90 GO-SIN-DIF Spot Gas Oil 0.25% 49.89 1.57 3.25 48.32 GO25-SIN GO 0.25 Diff -0.25 0.01 -3.85 -0.26 GO25-SIN-DIF Spot Gas Oil 0.05% 50.70 1.57 3.20 49.13 GO005-SIN GO 0.05 Diff 0.56 0.01 1.82 0.55 GO005-SIN-DIF Spot Gas Oil 0.001% 50.84 1.58 3.21 49.26 GO10-SIN GO 0.001 Diff 0.70 0.01 1.45 0.69 GO10-SIN-DIF Spot Jet/Kero 45.14 1.53 3.51 43.61 JET-SIN Jet/Kero Diff -0.41 -0.04 10.81 -0.37 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Devika Syamnath) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-post-biggest-weekly-drop-in-over-3-years-idINL4N29F1Q4?edition-redirect=in

Asia Distillates-Gasoil cracks post biggest weekly drop in over 3 years

Asia Distillates-Gasoil cracks post biggest weekly drop in over 3 years By Reuters Staff0 Min Read SINGAPORE, Jan 10 (Reuters) - Asian refining margins for 10 ppm gasoil fell on Friday, posting their biggest weekly decline in more than three years, weighed down by muted buying interest as the market awaits an expected demand boost following a switch to cleaner fuels in the shipping sector. The International Maritime Organization (IMO) has banned ships from using fuels with a sulphur content above 0.5%, effective Jan. 1, and a section of ship-owners are expected to switch to marine gasoil (MGO) to adhere with the new rules. But some ship-owners and operators, especially those with larger ships, strongly prefer very low sulphur fuel oil (VLSFO) over MGO due to technical issues related to running on distillate fuel as opposed to heavy fuels. Traders, however, are optimistic that gasoil demand would pick up steadily over next few months as the availability of existing VLSFO supplies shrink. Refining margins, also known as cracks, for gasoil with 10 ppm sulphur content plunged to $13.98 per barrel over Dubai crude during Asian trade on Friday, down from $14.95 per barrel a day earlier. Cracks for the benchmark gasoil grade in Singapore have dropped about 13.4% this week in their steepest weekly decline since August 2016, Refinitiv Eikon data showed. Cash premiums for 10 ppm gasoil GO10-SIN-DIF, which have dropped 59% over the last two weeks, were at 37 cents per barrel over Singapore quotes on Friday, 1 cent higher compared with Thursday. Meanwhile, cash differentials for jet fuel JET-SIN-DIF were at a discount of 15 cents per barrel to Singapore quotes, compared with a 11-cent discount in the previous session. Refining margins for jet fuel fell to $12.79 per barrel over Dubai crude on Friday, their lowest in more than eight months. They were at $13.55 a barrel on Thursday. AIR PASSENGER DATA - IATA - Global air passenger traffic for November showed demand rose 3.3% compared with the same month a year earlier, but stayed below the long-term trend, the International Air Transport Association (IATA) said on Thursday. - "November's moderate result reflects the continuing influence of slower economic activity, geopolitical tensions and other disruptions, including strikes in Europe," Alexandre de Juniac, chief executive officer of IATA said in a statement. "On the plus side, positive developments in the U.S.-China trade talks, in tandem with signs of improving business confidence, could support an uptick in travel demand," he added. - Passenger traffic for Asia-Pacific airlines increased 3.9% in November compared with the year-earlier period, slightly lower than the 4.2% annual growth recorded in October, IATA said. The Asia-Pacific region makes up more than a third of the global aviation market. - Among domestic passenger markets, Indian airlines experienced a return to double-digit growth for the first time since January 2019, as traffic rose 11.3% compared to November 2018, IATA said. - Domestic traffic in Japan rose 3.7% in November year-on-year, while airlines in China posted a rise of 5.3% in domestic traffic for the same period. TIGHTER SUPPLIES OF CLEANER MARINE FUEL - The price of very low-sulfur fuel oil (VLSFO) has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said. - Fuel oil's better calorific properties and better properties on engines as compared with MGO are making shippers reluctant to make the switch even though VLSFO prices are now marginally higher than gasoil, trade sources said. ARA STOCKS - Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-GO-ARA rose 3.5% to 2.6 million tonnes in the week to Jan. 9, data from Dutch consultancy Insights Global showed. - Gasoil stocks rose by around 3.5% to 2.57 million tonnes, despite improved demand from inland Rhine locations compared with the previous week, Insights Global's Lars van Wageningen said. - ARA jet fuel inventories STK-JET-ARA fell 3.6% to 563,000 tonnes, the data showed. - Compared with a year earlier, jet fuel stocks were 1.3% higher, while gasoil inventories were up 25.7%. SINGAPORE CASH DEALS - Eight jet fuel trades, one gasoil deal. - For more information, click OTHER NEWS - China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine fuel market, state refiner officials said. - India's oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday. - Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories. - Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 76.65 -1.09 -1.40 77.74 GO-SIN GO 0.5 Diff -2.04 0.01 -0.49 -2.05 GO-SIN-DIF Spot Gas Oil 0.25% 77.30 -1.09 -1.39 78.39 GO25-SIN GO 0.25 Diff -1.39 0.01 -0.71 -1.40 GO25-SIN-DIF Spot Gas Oil 0.05% 78.59 -1.09 -1.37 79.68 GO005-SIN GO 0.05 Diff -0.10 0.01 -9.09 -0.11 GO005-SIN-DIF Spot Gas Oil 0.001% 79.06 -1.09 -1.36 80.15 GO10-SIN GO 0.001 Diff 0.37 0.01 2.78 0.36 GO10-SIN-DIF Spot Jet/Kero 77.11 -1.01 -1.29 78.12 JET-SIN Jet/Kero Diff -0.15 -0.04 36.36 -0.11 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Amy Caren Daniel) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-post-weekly-drop-cash-discounts-widen-idUKL4N2GF1FX?edition-redirect=uk

Asia Distillates-Gasoil cracks post weekly drop, cash discounts widen

Asia Distillates-Gasoil cracks post weekly drop, cash discounts widen By Reuters Staff0 Min Read SINGAPORE, Sept 18 (Reuters) - Asian refining margins for 10 ppm gasoil posted a weekly decline on Friday, weighed down by plentiful regional supplies amid persistent demand weakness and lack of arbitrage opportunities. Refining margins or cracks for 10 ppm gasoil were at $2.94 a barrel over Dubai crude during Asian trading hours, compared with a more than four-month low of $2.47 per barrel on Thursday. Cracks for the benchmark gasoil grade have dropped 20.8% this week. Weaker domestic demand on the back of surging COVID-19 cases in India is resulting in steady exports from the country, trade sources said. Gasoil exports from India this month are expected to close around last month's 2.44 million tonnes, Refinitiv oil research assessments showed. Meanwhile, China is expected to ramp up gasoil export volumes in coming months as refiners try to exhaust their export quotas for the year, traders said. The exchange of futures for swaps (EFS), which determines the gasoil price spread between Singapore and Northwest Europe, traded around minus 21 cents per tonne on Friday, typically making it unworkable for arbitrage shipments, according to traders. Cash discounts for 10 ppm gasoil GO10-SIN-DIF were at 70 cents a barrel to Singapore quotes, compared with a discount of 68 cents per barrel a day earlier. ARA STOCKS - Jet fuel stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-JET-ARA dropped 4.2% to 954,000 tonnes in the week ended Sept. 17, data from Dutch consultancy Insights Global showed. - The data showed ARA gasoil inventories STK-GO-ARA rose 1.6% to 2.9 million tonnes. - Compared with a year earlier, ARA gasoil inventories were up 7.4%, while jet fuel stocks were 42.2% higher. SINGAPORE CASH DEALS - No gasoil deals, no jet fuel trades OTHER NEWS - China's imports of fuel blending components are set to slow over the rest of 2020 having more than doubled in the first seven months as rising fuel stockpiles snuff out importer profits, industry sources said. - Oil prices ticked up on Friday on track for a weekly gain of about 9%, after Saudi Arabia pressed allies to stick to production quotas and banks including Goldman Sachs predicted a supply deficit. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 44.01 1.80 4.26 42.21 GO-SIN GO 0.5 Diff -2.05 0.00 0.00 -2.05 GO-SIN-DIF Spot Gas Oil 0.25% 44.26 1.81 4.26 42.45 GO25-SIN GO 0.25 Diff -1.80 0.01 -0.55 -1.81 GO25-SIN-DIF Spot Gas Oil 0.05% 44.68 1.83 4.27 42.85 GO005-SIN GO 0.05 Diff -1.37 0.04 -2.84 -1.41 GO005-SIN-DIF Spot Gas Oil 0.001% 45.36 1.78 4.08 43.58 GO10-SIN GO 0.001 Diff -0.70 -0.02 2.94 -0.68 GO10-SIN-DIF Spot Jet/Kero 41.26 1.80 4.56 39.46 JET-SIN Jet/Kero Diff -1.20 -0.01 0.84 -1.19 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Amy Caren Daniel) Our Standards: The Thomson Reuters Trust Principles.

4488eae228c7dd980da434751d87ba9d

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-rise-to-8-week-high-imo-2020-comes-into-effect-idINL4N2970RC?edition-redirect=in

Asia Distillates-Gasoil cracks rise to 8-week high; IMO 2020 comes into effect

Asia Distillates-Gasoil cracks rise to 8-week high; IMO 2020 comes into effect By Reuters Staff0 Min Read SINGAPORE, Jan 2 (Reuters) - Asian refining margins for 10ppm gasoil rose on Thursday to their strongest in eight weeks, while cash premiums for the transportation fuel grade fell amid weaker deals in the physical market. Traders, however, remain upbeat about firmer near-term demand for marine gasoil (MGO) as ship-owners switch to cleaner fuels to comply with the new International Maritime Organization (IMO) rules on sulphur emissions from ships. Refining margins, also known as cracks, for gasoil with 10 ppm sulphur content rose to $16.18 per barrel over Dubai crude during Asian trading hours, a level not seen since Nov. 7. They were at $15.99 per barrel on Tuesday. Cracks for the benchmark gasoil grade in Singapore, which have risen more than 6% in the last two weeks, are currently at their strongest levels for this time of the year in the last five years, Refinitiv Eikon data showed. Cash premiums for 10 ppm gasoil GO10-SIN-DIF dropped to 56 cents per barrel over Singapore quotes on Thursday, compared with a premium of 77 cents per barrel in the last trading session on Tuesday. Meanwhile, refining margins for jet fuel jumped to $15.09 per barrel over Dubai crude on Thursday, up from $14.56 a barrel on Tuesday. Cash premiums for jet fuel JET-SIN-DIF were at 29 cents per barrel to Singapore quotes on Thursday, compared with a premium of 26 cents per barrel on Tuesday. IMO 2020 COMES INTO EFFECT - Tougher rules on sulphur emissions from ships came into effect on Wednesday, in the biggest shake-up for the oil and shipping industries for decades. From Jan. 1, United Nations shipping agency the International Maritime Organization (IMO) has banned ships from using fuels with a sulphur content above 0.5%, compared with 3.5% earlier. - Failure to comply with the global regulations will result in fines or vessels being detained and in some jurisdictions the risk of imprisonment, which could affect vital requirements such as insurance cover. - Enforcement will be policed by flag and port states rather than the IMO and industry officials are still unsure about whether there will be full compliance when it kicks in. - While major fuel bunkering ports such as Singapore, Fujairah in the United Arab Emirates and Rotterdam in the Netherlands have compliant-fuel supplies, analysts and shipping firms are still unclear what will happen at smaller ports given the need for ships to plan their sailing routes. - As the global clean-fuel mandate takes effect, testing companies examining newer, low-sulfur marine blends acquired in Antwerp, Belgium, Houston and Singapore have found sediment at levels that could damage the engines of ocean-going vessels. SINGAPORE INVENTORIES - Singapore onshore middle distillate stocks rose 2.8% to a two-week high of 10.8 million barrels in the week to Jan. 1, Enterprise Singapore data showed. - Weekly middle distillate inventories averaged 11.1 million barrels in 2019, having averaged 9.6 million barrels a week in 2018, Reuters calculations showed. - Overall, onshore middle distillate inventories were 4.7% lower year-on-year. - Light distillate stocks dropped 1.07 million barrels to a four-week low of 11.6 million barrels in the week to Wednesday, while fuel oil stocks rose 236,000 barrels to a three-week high of 20.5 million barrels, Enterprise Singapore data showed. FUJAIRAH STOCKS - Middle-distillate inventories in the Fujairah Oil Industry Zone dropped 24.4% from a week earlier to 3.7 million barrels in the week to Dec. 30, data via S&P Global Platts showed. - Stocks of middle distillates in the Fujairah oil hub have averaged 2.4 million barrels in 2019, Reuters calculations showed. This compares with a weekly average of 2.8 million barrels in 2018. - Weekly Fujairah middle distillate stocks have more than doubled, when compared with year-ago levels. API INVENTORY DATA - U.S. crude oil stocks fell in the most recent week while gasoline inventories declined and distillate stocks rose, data from industry group the American Petroleum Institute showed on Tuesday. - Crude inventories fell by 7.8 million barrels in the week to Dec. 27, to 436 million barrels, compared with analysts' expectations for a draw of 3.2 million barrels. - Distillate fuel inventories, which include diesel and heating oil, rose by 2.8 million barrels, compared with expectations for a 1.8 million-barrel gain, the data showed. SINGAPORE CASH DEALS - Three gasoil trades, no jet fuel deals. - For more information, please click OTHER NEWS - Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fuelled worries about supply. - Oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 78.74 -0.80 -1.01 79.54 GO-SIN GO 0.5 Diff -2.10 -0.05 2.44 -2.05 GO-SIN-DIF Spot Gas Oil 0.25% 79.37 -0.80 -1.00 80.17 GO25-SIN GO 0.25 Diff -1.47 -0.05 3.52 -1.42 GO25-SIN-DIF Spot Gas Oil 0.05% 80.69 -0.80 -0.98 81.49 GO005-SIN GO 0.05 Diff -0.15 -0.05 50.00 -0.10 GO005-SIN-DIF Spot Gas Oil 0.001% 81.40 -0.96 -1.17 82.36 GO10-SIN GO 0.001 Diff 0.56 -0.21 -27.27 0.77 GO10-SIN-DIF Spot Jet/Kero 80.20 -0.34 -0.42 80.54 JET-SIN Jet/Kero Diff 0.29 0.03 11.54 0.26 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Maju Samuel) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-gasoil-cracks-tumble-to-lowest-in-nearly-five-months-idUKL3N2GL2DO?edition-redirect=uk

Asia Distillates-Gasoil cracks tumble to lowest in nearly five months

Asia Distillates-Gasoil cracks tumble to lowest in nearly five months By Reuters Staff0 Min Read SINGAPORE, Sept 24 (Reuters) - Asian refining profit margins for 10 ppm gasoil plunged to their weakest level in more than four months on Thursday as the region remained awash with supplies. Despite weaker raw material crude prices, refining margins for 10 ppm gasoil dropped to $1.97 a barrel over Dubai crude during Asian trading hours, a level not seen since May 5. The margins or cracks were at $2.18 per barrel on Wednesday. Cash differentials for 10 ppm gasoil GO10-SIN-DIF were at a discount of 63 cents a barrel to Singapore quotes on Thursday, as against a 59-cent discount per barrel a day earlier. The front-month time spread for gasoil with 10 ppm sulphur content widened its contango on Thursday to trade at a discount of 56 cents a barrel, compared with 49 cents a barrel on Wednesday, Refinitiv Eikon data showed. INVENTORIES - Singapore's middle distillate inventories rose 2.6% to a three-week high of 15.7 million barrels in the week to Sept. 23, according to Enterprise Singapore data. - Weekly Singapore middle distillate inventories have averaged about 13.3 million barrels so far in 2020, Reuters calculations showed. This week's stocks were 14.6% higher year-on-year. - U.S. distillate stockpiles fell by 3.4 million barrels in the week to 175.9 million barrels, compared with expectations of a 1 million-barrel rise, U.S. Energy Information Administration data showed on Wednesday. CHINA DIESEL EXPORTS SURGE - China's diesel exports in August doubled the levels in July to 1.09 million tonnes, customs data showed on Wednesday, as refiners shipped fuel overseas despite poor export margins to reduce brimming domestic oil product inventories. - The rebound in exports reversed four months of declines. Exports last month rose versus 550,000 tonnes in July but still 18% below the year-earlier level, data from the General Administration of Customs showed. SINGAPORE CASH DEALS - No gasoil deals, no jet fuel trades OTHER NEWS - A jump in weekly net import volumes lifted Singapore's residual fuel oil inventories by 11% to a five-week high in the week ended Sept. 23, official data showed on Thursday. - Oil prices dropped on Thursday, despite a fall in U.S. inventories last week, amid a stronger dollar and a renewed wave of COVID-19 cases in Europe that led to renewed travel restrictions in several countries. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 41.40 -0.41 -0.98 41.81 GO-SIN GO 0.5 Diff -2.02 -0.02 1.00 -2.00 GO-SIN-DIF Spot Gas Oil 0.25% 41.65 -0.41 -0.97 42.06 GO25-SIN GO 0.25 Diff -1.77 -0.02 1.14 -1.75 GO25-SIN-DIF Spot Gas Oil 0.05% 42.10 -0.41 -0.96 42.51 GO005-SIN GO 0.05 Diff -1.32 -0.02 1.54 -1.30 GO005-SIN-DIF Spot Gas Oil 0.001% 42.79 -0.43 -0.99 43.22 GO10-SIN GO 0.001 Diff -0.63 -0.04 6.78 -0.59 GO10-SIN-DIF Spot Jet/Kero 39.55 0.04 0.10 39.51 JET-SIN Jet/Kero Diff -1.12 0.03 -2.61 -1.15 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Krishna Chandra Eluri) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-jet-fuel-cash-differentials-flip-to-discounts-idINL4N29E1IB?edition-redirect=in

Asia Distillates-Jet fuel cash differentials flip to discounts

Asia Distillates-Jet fuel cash differentials flip to discounts By Reuters Staff0 Min Read SINGAPORE, Jan 9 (Reuters) - Asia's cash differentials for jet fuel flipped to discounts from premiums on Thursday, hurt by lacklustre demand for physical cargoes and overall weakness in the region's aviation sector. Cash differentials for jet fuel JET-SIN-DIF were at a discount of 11 cents per barrel to Singapore quotes, compared with a premium of 4 cents per barrel in the previous session. The aviation fuel market remained under pressure for a major part of last year due to slowing regional economic activity and U.S.-China trade war, which dampened air freight demand. Global air cargo demand fell in November 2019 compared to the year-ago period, recording the 13th straight month of year-on-year declines in freight volumes, the International Air Transport Association (IATA) said in statement on Wednesday. "Asia-Pacific airlines saw demand for air freight contract by 3.7% in November 2019, compared to the same period in 2018. This was the sharpest drop in freight demand of any region for the month," the IATA said. The January/February time spread for the aviation fuel in Singapore narrowed to trade at a premium of 5 cents a barrel on Thursday, from 14 cents in the day earlier. Refining margins or cracks for jet fuel inched up 1 cent to $13.55 per barrel over Dubai crude during Asian trade on Thursday. Meanwhile, cracks for gasoil with 10 ppm sulphur content rose for a second consecutive session to $14.95 per barrel over Dubai crude on Thursday, up from $14.54 per barrel on Wednesday. Cash premiums for 10 ppm gasoil GO10-SIN-DIF were at 36 cents per barrel over Singapore quotes on Thursday, as against a 39-cent premium in the previous session. NOVEMBER AIR FREIGHT DATA - IATA - Global air freight demand dropped 1.1% in November, compared with the same period in 2018, the International Air Transport Association (IATA) said on Wednesday. - "While international e-commerce continues to grow, overall air cargo demand continued to face headwinds from the effects of the trade war between the U.S. and China, the deterioration in world trade, and a broad-based slowing in global economic growth," the IATA said in a statement. - Airlines in Latin America and the Middle East suffered sharp declines in year-on-year growth in total air freight volumes in November, while North America experienced a more moderate decline, according to the IATA. INDONESIA B40 BIODIESEL ROAD TESTS - Indonesia's energy ministry plans to start road tests for a biodiesel programme with 40% bio-content (B40) in April, a government official said on Thursday. - Indonesia, the world's largest palm oil producer, last year increased the mandatory bio-content of its biodiesel programme to 30%, known as B30, which is expected to cut the country's energy imports and increase consumption of palm oil - the feedstock to the fuel. SINGAPORE INVENTORIES - Singapore onshore middle distillate stocks fell 10.6% to a near three-month low of 9.6 million barrels in the week to Jan. 8, Enterprise Singapore data showed. - Weekly middle distillate inventories averaged 11.1 million barrels in 2019, having averaged 9.6 million barrels a week in 2018, Reuters calculations showed. - Overall, onshore middle distillate inventories were 13.3% lower year-on-year. - Light distillate stocks rose 466,000 barrels to a two-week high of 12.1 million barrels in the week to Wednesday, while fuel oil stocks rose 1.4 million barrels to a five-week high of 21.9 million barrels, Enterprise Singapore data showed. EIA INVENTORIES - U.S. crude oil stockpiles rose unexpectedly last week and gasoline inventories surged by their most in a week in four years, the Energy Information Administration said on Wednesday. - Crude inventories rose by 1.2 million barrels in the week ended Jan. 3 to 431.1 million barrels, compared with analysts' expectations for a 3.6 million-barrel drop in a Reuters poll. - Distillate stockpiles, which include diesel and heating oil, rose by 5.3 million barrels in the week to 139 million barrels, versus expectations for a 3.9 million-barrel rise, the EIA data showed. SINGAPORE CASH DEALS - Three jet fuel trades, no gasoil deals. - For more information, click OTHER NEWS - Oil prices climbed on Thursday after a rocket attack on Baghdad triggered fresh concern over the potential for conflict in the Middle East, a day after markets were roiled by an Iranian missile strike on Iraqi bases hosting U.S. forces. - China will for the first time allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants as Beijing looks to boost domestic energy supplies. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 77.74 -2.84 -3.52 80.58 GO-SIN GO 0.5 Diff -2.05 0.02 -0.97 -2.07 GO-SIN-DIF Spot Gas Oil 0.25% 78.39 -2.84 -3.50 81.23 GO25-SIN GO 0.25 Diff -1.40 0.02 -1.41 -1.42 GO25-SIN-DIF Spot Gas Oil 0.05% 79.68 -2.85 -3.45 82.53 GO005-SIN GO 0.05 Diff -0.11 0.01 -8.33 -0.12 GO005-SIN-DIF Spot Gas Oil 0.001% 80.15 -2.89 -3.48 83.04 GO10-SIN GO 0.001 Diff 0.36 -0.03 -7.69 0.39 GO10-SIN-DIF Spot Jet/Kero 78.12 -3.42 -4.19 81.54 JET-SIN Jet/Kero Diff -0.11 -0.15 -375.00 0.04 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Shinjini Ganguli) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-jet-fuel-cash-differentials-post-biggest-weekly-drop-in-6-idINL4N28U1UM?edition-redirect=in

Asia Distillates-Jet fuel cash differentials post biggest weekly drop in 6

Asia Distillates-Jet fuel cash differentials post biggest weekly drop in 6 By Reuters Staff0 Min Read SINGAPORE, Dec 20 (Reuters) - Asia's cash differentials for jet fuel narrowed their discounts marginally on Friday, but posted their biggest weekly drop in 1-1/2 months, hurt by muted demand amid adequate supplies. Cash discounts for jet fuel JET-SIN-DIF were at 11 cents per barrel to Singapore quotes, compared with a discount of 12 cents a barrel on Thursday. The cash differentials for aviation fuel, however, have dropped about 128% this week as they flipped into discounts on Wednesday. Traders were concerned winter heating demand for kerosene, which belongs to the same grade of oil products as jet fuel, would likely remain weak due to warmer-than-usual temperatures this year. Refining margins or cracks of jet fuel, which also determines the profitability of closely-related kerosene, were at $15.09 per barrel over Dubai crude during Asian trading hours, compared with $14.72 per barrel a day earlier. "The latest jet demand data has been poor, and mild weather in Asia is adding to the downward pressure on jet markets despite lower crude runs thus far," consultancy Energy Aspects said in its December note. Winter in the Northern hemisphere typically brings strong heating demand for kerosene, especially in Japan, but temperatures in Tokyo are expected to stay mostly above normal for the next couple of weeks, weather forecast models on Refinitiv Eikon showed. "Some support will come from winter kerosene heating demand eventually surfacing in North Asia and peak air transport demand taking place in China over Lunar New Year, although weak passenger and freight growth will create substantial headwinds," Energy Aspects added. Meanwhile, refining margins for gasoil with 10 ppm sulphur content rose to $15.52 per barrel over Dubai crude on Friday, up from $15.20 a barrel on Thursday. Cash premiums for 10ppm gasoil GO10-SIN-DIF were at 77 cents per barrel over Singapore quotes, up from Thursday's 74 cents per barrel. CLEAN SHIPPING FUEL RULES AND POLICING - Sweeping new fuel rules aiming to cut pollution belching from ships and save lives are now just a couple of weeks away but with no central policing agency and several countries still not signed up to them, compliance is a major concern. - From January 2020, ships must use fuel with a sulphur content of 0.5%, down from 3.5%, or install devices that strip out the toxic pollutant - known as scrubbers. - But enforcement of the United Nations convention on cleaner fuels — known as MARPOL Annex VI — rests with individual countries and flag states, meaning for some routes and regions, compliance is already looking patchy. INDIA CUTS 2019/20 FUEL DEMAND ESTIMATES - India's fuel demand is expected to rise 1.3% in 2019-20, its slowest pace in six years, with the petroleum ministry on Thursday revising down its initial projections amid a broader economic slowdown. - Fuel consumption — a proxy for oil demand — in India is seen at 216 million tonnes in the fiscal year to March 2020, about 3.3 million tonnes lower than initial estimates, the data posted on the Petroleum Planning and Analysis Cell showed. - A sharp reduction in diesel consumption — about two-fifths of overall refined fuel demand, and directly linked to industrial activity — has dragged down the country's overall refined fuel demand in this fiscal year. ARA STOCKS - Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub STK-GO-ARA slipped 1.7% to 2.4 million tonnes in the week to Dec. 19, data from Dutch consultancy Insights Global showed. - Gasoil stocks fell as demand from inland locations was steady. - ARA jet fuel inventories STK-JET-ARA fell 7% to 629,000 tonnes, the data showed. - Compared with a year earlier, jet fuel stocks were 5.2% higher, while gasoil inventories were up 14.3%. SINGAPORE CASH DEALS - Two gasoil trades, no jet fuel deals. - For more information, please click OTHER NEWS - Oil prices held steady near three-month highs, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook. - Chinese marine fuel suppliers have signed up short-term deals to buy very low-sulphur fuel oil from companies like oil major Shell, Germany's Uniper and U.S. commodities trader Freepoint ahead of a new standard on emissions for the global shipping industry that kicks in on Jan. 1. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 78.62 1.06 1.37 77.56 GO-SIN GO 0.5 Diff -2.28 0.01 -0.44 -2.29 GO-SIN-DIF Spot Gas Oil 0.25% 79.22 1.06 1.36 78.16 GO25-SIN GO 0.25 Diff -1.68 0.01 -0.59 -1.69 GO25-SIN-DIF Spot Gas Oil 0.05% 80.44 1.05 1.32 79.39 GO005-SIN GO 0.05 Diff -0.46 0.00 0.00 -0.46 GO005-SIN-DIF Spot Gas Oil 0.001% 81.67 1.08 1.34 80.59 GO10-SIN GO 0.001 Diff 0.77 0.03 4.05 0.74 GO10-SIN-DIF Spot Jet/Kero 80.19 0.96 1.21 79.23 JET-SIN Jet/Kero Diff -0.11 0.01 -8.33 -0.12 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; editing by Uttaresh.V) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-jet-fuel-cash-premiums-dip-prompt-month-spread-widens-idINL4N2AC254?edition-redirect=in

Asia Distillates-Jet fuel cash premiums dip, prompt-month spread widens

Asia Distillates-Jet fuel cash premiums dip, prompt-month spread widens By Reuters Staff0 Min Read SINGAPORE, Feb 12 (Reuters) - Asian cash differentials for jet fuel inched down on Wednesday, while the prompt-month spread widened its contango amid concerns that aviation demand would remain lacklustre in the short term due to travel restrictions stemming from the coronavirus outbreak. Cash differentials for jet fuel JET-SIN-DIF were at a premium of 2 cents a barrel to Singapore quotes, compared with a premium of 3 cents per barrel a day earlier. The February/March time spread for the aviation fuel widened its contango to trade at a discount of 15 cents per barrel, compared with a discount of 12 cents a barrel on Tuesday, Refinitiv Eikon data showed. In a contango market structure, prompt prices are lower than those for future delivery. This tends to encourage holders of physical barrels to store the product for selling later to secure higher prices. Refining margins, or cracks, for jet fuel rose 25 cents to $10.37 per barrel over Dubai crude during Asian trading hours. Earlier last week, the cracks hit their lowest level since April 2016 as global airlines suspended flights to China due to the coronavirus epidemic, which had killed more than 1,100 people by the end of Tuesday. China's aviation regulator said it will support restructuring or mergers to help airlines cope with the outbreak, noting that it has hurt the bottom lines of many carriers. The Civil Aviation Administration of China said it hopes countries will lift virus-related travel restrictions as soon as possible, in line with the guidance from the World Health Organization and the International Civil Aviation Organization. Meanwhile, refining margins for gasoil with 10 ppm sulphur content rose to $12.47 per barrel over Dubai crude, up from $12.42 per barrel on Tuesday. Cash premiums for 10 ppm gasoil GO10-SIN-DIF slipped 1 cent from a day earlier to 72 cents per barrel to Singapore quotes. VLSFO MARKET DROPS FROM RECORD HIGHS - Asia's market for very low-sulphur fuel oil (VLSFO) has retreated from its record high near the start of the year, as demand crumbles under seasonal factors and an epidemic in China, while supply expectations improve, analysts and traders said. - Cooling VLSFO prices are also an early sign of stabilizing market fundamentals after months of volatility sparked by adoption of new global marine fuel rules in one of the biggest shake-ups in decades for the shipping and oil industries. - Five trade sources said the spread of coronavirus in China had exacerbated a slowdown in demand for marine fuels, also known as bunkers, that is typical of the period around the Lunar New Year holiday, extended this year to fight the disease. FUJAIRAH STOCKS - Middle-distillate inventories in the Fujairah Oil Industry Zone dropped 27.3% from a week earlier to 2.9 million barrels in the week to Feb. 10, data via S&P Global Platts showed. - Stocks of middle distillates in the Fujairah oil hub have averaged 3.7 million barrels so far in 2020, compared with a weekly average of 2.4 million barrels in 2019, Reuters calculations showed. - The weekly Fujairah middle distillate stocks were 25% higher than a year earlier. API INVENTORY DATA - U.S. crude oil stocks rose in the most recent week, while gasoline inventories increased and distillate stocks fell, data from industry group the American Petroleum Institute showed on Tuesday. - Crude inventories rose by 6 million barrels in the week to Feb. 7 to 438.9 million barrels, compared with analysts' expectations for a build of 3 million barrels. - Distillate fuel inventories, which include diesel and heating oil, fell by 2.3 million barrels, compared with expectations for a 557,000-barrel draw, the data showed. SINGAPORE CASH DEALS - Four gasoil trades, no jet fuel deals - For more information, click OTHER NEWS - Oil prices extended gains as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover from the epidemic. - The oil market this week took a turn that could prompt traders to consider storing oil offshore as a growing crude surplus threatens to worsen. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 65.13 1.27 1.99 63.86 GO-SIN GO 0.5 Diff -1.73 0.00 0.00 -1.73 GO-SIN-DIF Spot Gas Oil 0.25% 65.71 1.27 1.97 64.44 GO25-SIN GO 0.25 Diff -1.15 0.00 0.00 -1.15 GO25-SIN-DIF Spot Gas Oil 0.05% 66.14 1.15 1.77 64.99 GO005-SIN GO 0.05 Diff -0.72 -0.12 20.00 -0.60 GO005-SIN-DIF Spot Gas Oil 0.001% 67.58 1.26 1.90 66.32 GO10-SIN GO 0.001 Diff 0.72 -0.01 -1.37 0.73 GO10-SIN-DIF Spot Jet/Kero 64.46 1.48 2.35 62.98 JET-SIN Jet/Kero Diff 0.02 -0.01 -33.33 0.03 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Subhranshu Sahu) Our Standards: The Thomson Reuters Trust Principles.

6af04d03826de32d84e41e23c1ca1d2a

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-jet-fuel-cash-premiums-drop-on-ample-supply-weak-demand-idINL4N28R1DD?edition-redirect=in

Asia Distillates-Jet fuel cash premiums drop on ample supply, weak demand

Asia Distillates-Jet fuel cash premiums drop on ample supply, weak demand By Reuters Staff0 Min Read SINGAPORE, Dec 17 (Reuters) - Asia's cash premiums for jet fuel dropped on Tuesday, weighed down by abundant supplies and lacklustre aviation demand, while traders were sceptical seasonal heating demand for kerosene would likely remain weak due to a warmer winter this year. Cash differentials for jet fuel JET-SIN-DIF fell to a premium of 5 cents per barrel to Singapore quotes on Tuesday, down from a 35-cents premium a day earlier. Refining profit margins or cracks for jet fuel were at $14.95 per barrel over Dubai crude during Asian trading hours on Tuesday, compared with $14.76 a barrel on Monday. Winter in the northern hemisphere typically brings peak heating demand for kerosene, which belongs to the same grade of oil products as jet fuel, with jet refining margins determining the profitability of both. But temperatures in Tokyo are expected to stay well above normal for the next couple of weeks, while temperatures in Seoul would remain mostly higher than normal over the next 15-day period, weather forecast models on Refinitiv Eikon showed. Meanwhile, cracks for gasoil with 10 parts per million (ppm) sulphur content rose to $15.60 per barrel over Dubai crude on Tuesday, their highest in a month. Cracks for the benchmark gasoil grade in Singapore were at $15.01 per barrel on Monday. Cash premiums for 10ppm gasoil GO10-SIN-DIF climbed to 65 cents per barrel over Singapore quotes on Tuesday, up from 60 cents per barrel in the previous session. TENDERS - India's Mangalore Refinery and Petrochemicals Ltd (MRPL) was offering 40,000 tonnes of jet fuel for loading over Jan. 27-29 from the port of New Mangalore. - The tender closes on Dec. 18 and will remain valid until Dec. 19. - For more such information, please click SINGAPORE CASH DEALS - No gasoil trades, one jet fuel deal. - Singapore trader Hin Leong bought 100,000 barrels of jet fuel from Shell for Jan. 8-12 loading at a discount of 20 cents barrel to Singapore quotes. - For more information, please click OTHER NEWS - Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world's biggest economies. - U.S. oil output from seven major shale formations is expected to rise about 29,000 barrels per day (bpd) in January to a record 9.14 million bpd, the U.S. Energy Information Administration said in a monthly forecast on Monday. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 77.61 0.91 1.19 76.70 GO-SIN GO 0.5 Diff -2.16 0.05 -2.26 -2.21 GO-SIN-DIF Spot Gas Oil 0.25% 78.21 0.91 1.18 77.30 GO25-SIN GO 0.25 Diff -1.56 0.05 -3.11 -1.61 GO25-SIN-DIF Spot Gas Oil 0.05% 79.43 0.88 1.12 78.55 GO005-SIN GO 0.05 Diff -0.34 0.02 -5.56 -0.36 GO005-SIN-DIF Spot Gas Oil 0.001% 80.43 0.92 1.16 79.51 GO10-SIN GO 0.001 Diff 0.65 0.05 8.33 0.60 GO10-SIN-DIF Spot Jet/Kero 79.15 0.15 0.19 79.00 JET-SIN Jet/Kero Diff 0.05 -0.30 -85.71 0.35 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta Editing by Robert Birsel) Our Standards: The Thomson Reuters Trust Principles.

bda2d0bc7b858b8f4d825fd5f919a524

https://www.reuters.com/article/markets-distillates-asia/asia-distillates-jet-fuel-refining-margins-post-biggest-weekly-drop-in-five-idINL4N2910RH?edition-redirect=in

Asia Distillates-Jet fuel refining margins post biggest weekly drop in five

Asia Distillates-Jet fuel refining margins post biggest weekly drop in five By Reuters Staff0 Min Read SINGAPORE, Dec 27 (Reuters) - Asian refining margins for jet fuel inched lower on Friday, posting their biggest weekly decline in five weeks, as the market grappled with ample supplies amid sloppy demand. Refining margins or cracks for jet fuel fell 20 cents to $14.22 per barrel over Dubai crude during Asian trading hours on Friday. The jet fuel cracks dropped 6% this week in their biggest weekly decline since the week ended Nov. 22, Refinitiv Eikon data showed. The jet refining margins also determine the profitability of closely-related kerosene. But a mild winter so far this year in Japan, which uses kerosene for heating up properties to fend off chilly weather, has resulted in weaker seasonal demand for the fuel, trade sources said. Winter in the Northern hemisphere usually brings peak heating demand for kerosene, but temperatures in Tokyo are expected to stay mostly above normal for the next couple of weeks, weather forecast models on Refinitiv Eikon showed. Cash differentials for jet fuel JET-SIN-DIF rose to a premium of 27 cents per barrel to Singapore quotes, thanks to three firmer deals in the physical trade window on Friday. They were at a premium of 6 cents on Thursday. Meanwhile, cash premiums for 10 ppm gasoil GO10-SIN-DIF rose to 91 cents per barrel over Singapore quotes, up from 75 cents per barrel a day earlier. Refining profit margins for gasoil with 10 ppm sulphur content climbed 25 cents to $15.67 per barrel over Dubai crude on Friday. SINGAPORE CASH DEALS - Three jet fuel trades, no gasoil deals. - Unipec sold 100,000 barrels of jet fuel to Singapore trader Hin Leong for Jan. 11-15 loading at a premium of 30 cents a barrel to Singapore quotes. - Chevron sold 100,000 barrels of jet fuel to Hin Leong for Jan. 16-20 loading at a premium of 25 cents a barrel to Singapore quotes. - Shell sold another 100,000 barrels of jet fuel to Hin Leong for Jan. 11-15 loading at a premium of 30 cents a barrel to Singapore quotes. - For more information, please click OTHER NEWS - Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. - Japan will send a warship and patrol planes to protect Japanese ships in the Middle East as the situation in the region, from which it sources nearly 90% of its crude oil imports, remains volatile, Japan's top government spokesman said. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 79.99 0.89 1.13 79.10 GO-SIN GO 0.5 Diff -2.11 0.05 -2.31 -2.16 GO-SIN-DIF Spot Gas Oil 0.25% 80.60 0.89 1.12 79.71 GO25-SIN GO 0.25 Diff -1.50 0.05 -3.23 -1.55 GO25-SIN-DIF Spot Gas Oil 0.05% 81.88 0.89 1.10 80.99 GO005-SIN GO 0.05 Diff -0.22 0.05 -18.52 -0.27 GO005-SIN-DIF Spot Gas Oil 0.001% 83.01 1.00 1.22 82.01 GO10-SIN GO 0.001 Diff 0.91 0.16 21.33 0.75 GO10-SIN-DIF Spot Jet/Kero 80.95 0.61 0.76 80.34 JET-SIN Jet/Kero Diff 0.27 0.21 350.00 0.06 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; editing by Uttaresh.V) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-distillates-asia/asia-distillates-refining-margins-cash-premiums-for-jet-fuel-dive-idINL4N29B21S?edition-redirect=in

Asia Distillates-Refining margins, cash premiums for jet fuel dive

Asia Distillates-Refining margins, cash premiums for jet fuel dive By Reuters Staff0 Min Read SINGAPORE, Jan 6 (Reuters) - Asian refining margins for jet fuel dropped on Monday amid surging crude oil prices, while cash premiums for the aviation fuel slipped on weaker buying interest for physical cargoes. Refining margins, also known as cracks, for jet fuel fell to $14.01 per barrel over Dubai crude during Asian trading hours, the lowest since Dec. 12, from $15.25 on Friday. Crude oil prices rose 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after the killing of a top Iranian general. The jet fuel cracks, which also determine the profitability of closely-related kerosene, have dropped 15% over the last two months despite the ongoing winter in the northern hemisphere that typically brings peak heating demand using kerosene. A warmer winter so far this year in Japan, which uses kerosene for heating, has led to lacklustre seasonal demand, trade sources said. Temperatures in Tokyo are expected to stay well above normal for the next couple of weeks, weather forecast models on Refinitiv Eikon showed. Cash premiums for jet fuel JET-SIN-DIF dropped to 2 cents per barrel to Singapore quotes on Monday, down from 33 cents a barrel on Friday. Meanwhile, refining margins for gasoil with 10 ppm sulphur content fell to $14.88 per barrel over Dubai crude on Monday, the lowest in three weeks, from $16.15 per barrel on Friday. Cash premiums for 10 ppm gasoil GO10-SIN-DIF on Monday fell to 37 cents per barrel over Singapore quotes from 62 cents on Friday, hurt by weaker deal values in the physical market. SINGAPORE CASH DEALS - Three jet fuel trades, six gasoil deals. - For more information, click OTHER NEWS - U.S. citizens working for foreign oil companies in the southern Iraqi city of Basra were leaving the country on Friday, the oil ministry said, after a U.S. air strike killed a top Iranian commander in Iraq. - Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles due to sanctions and a lack of cash and staff, according to a former oil minister, an opposition lawmaker and industry sources. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 81.44 0.53 0.66 80.91 GO-SIN GO 0.5 Diff -2.18 -0.05 2.35 -2.13 GO-SIN-DIF Spot Gas Oil 0.25% 82.09 0.55 0.67 81.54 GO25-SIN GO 0.25 Diff -1.53 -0.03 2.00 -1.50 GO25-SIN-DIF Spot Gas Oil 0.05% 83.40 0.60 0.72 82.80 GO005-SIN GO 0.05 Diff -0.22 0.02 -8.33 -0.24 GO005-SIN-DIF Spot Gas Oil 0.001% 83.99 0.33 0.39 83.66 GO10-SIN GO 0.001 Diff 0.37 -0.25 -40.32 0.62 GO10-SIN-DIF Spot Jet/Kero 82.71 0.33 0.40 82.38 JET-SIN Jet/Kero Diff 0.02 -0.31 -93.94 0.33 JET-SIN-DIF For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Koustav Samanta; Editing by Shinjini Ganguli) Our Standards: The Thomson Reuters Trust Principles.

540471c84a1878f104626df606c8c672

https://www.reuters.com/article/markets-easteurope-idUKL8N2822EL?edition-redirect=uk

CORRECTED-CEE MARKETS-FX gets boost from euro zone PMI, leu recovers from lows

CORRECTED-CEE MARKETS-FX gets boost from euro zone PMI, leu recovers from lows By Reuters Staff0 Min Read (Corrects 3rd paragraph to say leu 'traded near an all-time low' not 'touched an all-time low') PRAGUE, Nov 22 (Reuters) - Central Europe's currencies mostly edged higher on Friday, boosted by euro zone manufacturing data and renewed efforts in the U.S.-China trade dispute, although Hungary's forint underperformed and remained near record lows. In Romania, the leu firmed going into the second round of a presidential election in which incumbent Klaus Iohannis is expected to beat Social Democrat Party leader Viorica Dancila, whose government was toppled in October. The gains were a rare reprieve for the currency which has gradually dropped during the second half of the year to trade near an all-time low this week as investors remain wary over what many fear is a swelling budget deficit. Finance Minister Florin Citu said earlier this month the deficit could overshoot 4% of economic output this year without additional measures, leaving the new government little time to work up a remedy. Commerzbank said the vote, even if Dancila lost, showed the Social Democrats could still make life difficult for the new minority government leading the country to elections next year. "This is not a particularly good prospect for the leu, as it is under depreciation pressure anyway due to the current account and budget deficit," Commerzbank analyst Alexandra Bechtel said. Ionut Dumitru, chief economist at Raiffeisen Bank Romania, also said markets were waiting to see what budget measures the government would take. "At a deficit of over 4% of GDP this year markets could become fairly anxious," he said. "A signal from the government that it is aware of the situation and is taking measures to correct it is needed." The leu had gained 0.1% to 4.772 to the euro by 1037 GMT, off a record low of 4.7835. The currency is the second-worst performer in the region in 2019, losing 2.5% since the start of the year. The forint has lost almost 4% and is also drifting just off record lows hit in late September as loose monetary policy at home and weak global sentiment caused by trade wars and Britain's uncertain EU exit weigh on it. On Friday, it ticked up less than 0.1% to 334.20 per euro, failing to benefit from better sentiment after China renewed efforts to work out a trade pact with the United States. Better-than-expected manufacturing PMI data in the euro zone - the key trade partner for central Europe's export-dominant economies - also lifted the mood. Stock markets rose, led by Warsaw and Prague's 0.6% advance. The Polish zloty and Czech crown also rose 0.1%. "The market is feeling the situation in European manufacturing is bottoming out," ING's chief economist in Prague, Jakub Seidler, said. "Everything will be dependent on foreign developments. If there is a trade deal, the situation would improve. But it is too premature, we are not yet there." CEE MARKETS SNAPSHOT AT 1137 CET CURRENCIES Latest Previous Daily Change bid close change in 2019 EURCZK= Czech crown 25.5150 25.5360 +0.08% +0.75% EURHUF= Hungary forint 334.2000 334.4150 +0.06% -3.92% EURPLN= Polish zloty 4.2951 4.3000 +0.11% -0.13% EURRON= Romanian leu 4.7720 4.7784 +0.13% -2.47% EURHRK= Croatian kuna 7.4380 7.4373 -0.01% -0.38% EURRSD= Serbian dinar 117.5200 117.5800 +0.05% +0.66% Note: daily change calculated from 1800 CET Latest Previous Daily Change close change in 2019 .PX Prague 1080.11 1073.6900 +0.60% +9.48% .BUX Budapest 43713.89 43654.37 +0.14% +11.69% .WIG20 Warsaw 2192.90 2179.53 +0.61% -3.68% .BETI Bucharest 9719.62 9713.16 +0.07% +31.64% .SBITOP Ljubljana 898.97 893.52 +0.61% +11.78% .CRBEX Zagreb 1999.67 2000.63 -0.05% +14.34% .BELEX15 Belgrade 762.78 763.55 -0.10% +0.14% .SOFIX Sofia 550.43 550.00 +0.08% -7.41% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech Republic spread CZ2YT=RR 2-year 1.4060 0.0230 +203bps +3bps CZ5YT=RR 5-year 1.2650 0.0570 +186bps +8bps CZ10YT=RR 10-year 1.4820 -0.0190 +183bps +1bps Poland PL2YT=RR 2-year 1.4070 0.0120 +203bps +2bps PL5YT=RR 5-year 1.7840 -0.0310 +238bps -1bps PL10YT=RR 10-year 2.0670 -0.0080 +242bps +2bps FORWARD RATE AGREEMENT 3x6 6x9 9x12 3M interbank Czech Rep 2.25 2.25 2.18 2.18 Hungary 0.22 0.26 0.30 0.18 Poland 1.74 1.70 1.67 1.71 Note: FRA quotes are for ask prices ************************************************************** (Reporting by Jason Hovet in Prague and Luiza Ilie in Bucharest; Editing by Kirsten Donovan) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-easteurope/cee-markets-budapest-hits-record-high-as-stocks-start-2020-with-a-bang-idINL8N29719K?edition-redirect=in

CEE MARKETS-Budapest hits record high as stocks start 2020 with a bang

CEE MARKETS-Budapest hits record high as stocks start 2020 with a bang By Reuters Staff0 Min Read WARSAW, Jan 2 (Reuters) - Central European stocks started the new decade on a positive note, with the Budapest stock exchange reaching a record high, after a report that the U.S. and China would sign a trade deal in January and China would further ease monetary policy. U.S. President Donald Trump said on Tuesday that Phase 1 of trade deal with China would be signed on Jan. 15 at the White House and China's central bank said on Wednesday it was cutting the amount of cash that banks must hold as reserves. "Today's trading could be determined by optimistic sentiment," brokerage Equilor said in a note. Budapest's main index had climbed 0.41% by 0928 GMT. Warsaw's WIG20 rose 0.99% and in Prague the PX index was up 0.52%. Bond yields also rose as investors abandoned safe-haven assets on hopes of a brighter outlook for the world economy in 2020. Czech 10-year yields were at their highest point since June, rising almost 3 basis points to 1.664%. Polish 10-year yields jumped 8.5 basis points to 2.15%. The Czech crown started the year near its strongest level against the euro since April 2018, hitting 25.405, despite a December Purchasing Managers' Index reading of 43.6, one of Czech manufacturing's worst contractions in over a decade. "The crown is entering the new year in good condition," CSOB said, adding a positive rate differential and easing global risks at the end of 2019 have helped it. The Polish zloty was little changed against the euro at 4.2559. The Hungarian forint gained 0.23% to 330.04. "The forint has been trading in a tight range versus the euro, between 330 and 332 for days, and we do not see change in this for the time being," said Equilor. Poland's manufacturing PMI came in at 48.0, above the 46.8 forecast of analysts in a Reuters poll. That suggested Polish manufacturing may have weathered one of its worst downturns in two decades and begun to recover. "The fall in orders is primarily due to abroad, while domestic orders are quite good ... This once again proves that domestic demand, and especially household consumption, is currently stabilising the Polish economy," Monika Kurtek, chief economist at Bank Pocztowy, wrote in a note. Hungary's seasonally adjusted PMI rose to 53.9 in December 2019 from a revised 53.1 in November, with rising production volumes and new orders. CEE MARKETS SNAPSHOT AT 1059 CET CURRENCIES Latest Previous Daily Change bid close change in 2020 EURCZK= Czech 25.4050 25.4240 +0.07% +0.11% crown EURHUF= Hungary 330.0000 331.1900 +0.36% +0.35% forint EURPLN= Polish 4.2575 4.2532 -0.10% -0.03% zloty EURRON= Romanian 4.7830 4.7860 +0.06% +0.11% leu EURHRK= Croatian 7.4440 7.4414 -0.03% +0.02% kuna EURRSD= Serbian 117.4700 117.5700 +0.09% +0.09% dinar Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2020 .PX Prague 1121.22 1115.6300 +0.50% +0.50% .BUX Budapest 46175.96 46082.82 +0.20% +0.20% .WIG20 Warsaw 2177.34 2150.09 +1.27% +1.27% .BETI Bucharest 9977.30 9977.30 +0.00% +0.00% .SBITOP Ljubljana 926.10 925.86 +0.03% +0.03% .CRBEX Zagreb 2022.94 2017.43 +0.27% +0.27% .BELEX15 Belgrade 801.69 801.69 +0.00% +0.00% .SOFIX Sofia 567.61 568.14 -0.09% -0.09% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT=RR 2-year 1.7570 0.1790 +235bp +18bps s CZ5YT=RR 5-year 1.4720 -0.0650 +194bp -6bps s CZ10YT=RR 10-year 1.6640 0.0280 +184bp +2bps s Poland PL2YT=RR 2-year 1.4740 -0.0250 +207bp -3bps s PL5YT=RR 5-year 1.8310 0.0250 +230bp +3bps s PL10YT=RR 10-year 2.1340 0.0690 +231bp +6bps s FORWARD RATE AGREEMENT 3x6 6x9 9x12 3M interbank Czech Rep 2.28 2.28 2.26 2.18 Hungary 0.29 0.36 0.41 0.00 Poland 1.74 1.70 1.69 1.71 Note: FRA are for ask prices quotes (Reporting by Alan Charlish and Alicja Ptak in Warsaw, Krisztina Than in Budapest and Jason Hovet in Prague; editing by Larry King) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-easteurope/cee-markets-currencies-give-up-previous-days-gains-idUKL8N29E21Y?edition-redirect=uk

CEE MARKETS-Currencies give up previous day's gains

CEE MARKETS-Currencies give up previous day's gains By Reuters Staff0 Min Read WARSAW, Jan 9 (Reuters) - Central European currencies on Thursday gave up gains from Wednesday when U.S. President Donald Trump had eased tensions by stepping back from further military action Iran. Trump tempered days of angry rhetoric and suggested Iran was "standing down" after it fired missiles at U.S. forces in Iraq. In early trade, the region's main currencies retreated to Wednesday afternoon's levels. At 1012 GMT, the Polish zloty was down 0.29% against the euro at 4.2436. The Czech crown had shed 0.14% to be bid at 23.25 and the Hungarian forint fell 0.31% to 331.56. "Likely it is just some kind of quick moves, there was a rebound yesterday, maybe it's just a correction to that," said Peter Virovacz, senior economist, Hungary at ING. "Yesterday was quite positive after we realised there won't be a full blown war between Iran and the U.S." Stock markets, however, continued to rise as equities got a boost from the easing tensions in the Middle East. Warsaw's WIG 20 was up 1.56%, while Prague's PX index gained 0.33% and Budapest's main index strengthened 0.65%. In Budapest, OTP shares outperformed the wider Budapest market, rising 1.2%. OTP said on Wednesday that it was planning further expansion in Slovenia, and in new countries after buying the regional unit of France's Societe Generale last year. In Romania, the leu was little changed at 4.7749 against the euro after the central bank left its benchmark interest rate unchanged at 2.50% as expected on Wednesday, maintaining a cautious stance in the face of fiscal uncertainty and inflation risks ahead of two elections this year. Poland's central bank also left its benchmark interest rate unchanged at 1.5%, with central bank governor Adam Glapinski saying that a surprisingly high December flash CPI reading did not change his view that rates may stay on hold until his term ends in 2022. Poland's December flash CPI surprised economists on Tuesday, with a reading of 3.4% coming in well above the 2.9% expected by analysts in a Reuters poll and marking the highest level of inflation in central Europe's largest economy since 2012. Polish 10-year yields continued to rise, up 6.8 basis points on the day at 2.278% ahead of a bond auction worth 3-5 billion zlotys. Czech 10-year yields were up 1.4 basis points at 1.629%. CEE MARKETS SNAPSHOT AT 1137 CET CURRENCIES Latest Previous Daily Change bid close change in 2020 EURCZK= Czech 25.2410 25.2375 -0.01% +0.76% crown EURHUF= Hungary 332.1500 330.9850 -0.35% -0.30% forint EURPLN= Polish 4.2450 4.2389 -0.14% +0.27% zloty EURRON= Romanian 4.7775 4.7761 -0.03% +0.23% leu EURHRK= Croatian 7.4470 7.4490 +0.03% -0.02% kuna EURRSD= Serbian 117.5200 117.5600 +0.03% +0.04% dinar Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2020 .PX Prague 1121.89 1118.2200 +0.33% +0.56% .BUX Budapest 45154.22 44932.18 +0.49% -2.02% .WIG20 Warsaw 2150.08 2115.99 +1.61% -0.00% .BETI Bucharest 9924.82 9856.93 +0.69% -0.53% .SBITOP Ljubljana 940.25 937.81 +0.26% +1.55% .CRBEX Zagreb 2026.97 2024.81 +0.11% +0.47% .BELEX15 Belgrade 793.35 798.18 -0.61% -1.04% .SOFIX Sofia 575.98 575.75 +0.04% +1.38% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT=RR 2-year 1.7810 0.1060 +239bp +12bps s CZ5YT=RR 5-year 1.4330 -0.0580 +194bp -7bps s CZ10YT=RR 10-year 1.6290 0.0140 +187bp -1bps s Poland PL2YT=RR 2-year 1.5380 0.0020 +215bp +1bps s PL5YT=RR 5-year 1.9290 0.0320 +244bp +2bps s PL10YT=RR 10-year 2.2560 0.0460 +249bp +3bps s FORWARD RATE AGREEMENT 3x6 6x9 9x12 3M interbank Czech Rep <PRIBOR= 2.25 2.26 2.26 2.17 > Hungary 0.26 0.34 0.42 0.16 Poland 1.75 1.77 1.79 1.71 Note: FRA are for ask prices quotes (Reporting by Alan Charlish in Warsaw, jason Hovet in Prague and Krisztina Than in Budapest; Editing by Maju Samuel) Our Standards: The Thomson Reuters Trust Principles.

9ac718249536a1793ae38850b9a16900

https://www.reuters.com/article/markets-easteurope/cee-markets-currencies-mixed-as-markets-enter-christmas-lull-idUKL8N28U1Z4?edition-redirect=uk

CEE MARKETS-Currencies mixed as markets enter Christmas lull

CEE MARKETS-Currencies mixed as markets enter Christmas lull By Alan Charlish WARSAW, Dec 20 (Reuters) - Central European currencies were mixed on Friday0 Min Read Our Standards: The Thomson Reuters Trust Principles.

d542346eb6be67e9006f235aebf7b7db

https://www.reuters.com/article/markets-easteurope/cee-markets-currencies-slip-as-central-banks-wait-and-see-on-rates-idINL8N28S1WU?edition-redirect=in

CEE MARKETS-Currencies slip as central banks wait and see on rates

CEE MARKETS-Currencies slip as central banks wait and see on rates By Joanna Plucinska WARSAW, Dec 18 (Reuters) - Currencies in Eastern Europe fell slightly on Wednesday, as0 Min Read Our Standards: The Thomson Reuters Trust Principles.

84346d26c28f94522b686366eb9fbd52

https://www.reuters.com/article/markets-easteurope/cee-markets-forint-crown-give-back-gains-as-us-iran-tensions-grow-idUKL8N29B1IP?edition-redirect=uk

CEE MARKETS-Forint, crown give back gains as US-Iran tensions grow

CEE MARKETS-Forint, crown give back gains as US-Iran tensions grow By Reuters Staff0 Min Read PRAGUE, Jan 6 (Reuters) - Hungary's forint retreated to a key level against the euro on Monday as central Europe's currencies gave up some recent gains amid growing U.S.-Iranian tensions that hit sentiment in the region. The Czech crown also fell and backed off 20-month peaks hit last week, bidding at 25.386 to the euro, down 0.2%. The forint, after touching a nearly two-week high in new year trade, fluctuated around 330 per euro as traders expected a test of the resistance level. It was off 0.2% at 330.05 at 0923 GMT. "Investors are nervous, and the positive story is less visible for the forint right now," a Budapest-based dealer said. Investors grew cautious about riskier assets, worried that the killing of Iran's most prominent military commander by the United States could trigger a broader Middle East conflict. The new worries - after the region's currencies were hit for much of 2019 by global trade concerns and uncertainty over Britain's European Union divorce - were hitting sentiment in the region following a rise in assets in recent months. Stock markets dropped, with Budapest falling 1.7% and Prague down 0.8% Poland's zloty was flat while local markets were closed for a holiday. Romania's leu was also steady. Romanian investors were geared up for the country's first bond auction of 2020, with the finance ministry offering debt due in 2023. "It will be interesting to see whether the new levels are still interesting for investors, as the yields have shifted almost 30 basis points lower from last month’s similar auction," ING analysts said in a note. "We are a touch cautious on the result and expect an average yield around secondary market bids of 3.90%." Czech bond yields were mixed and forward rate markets discounted any chances of interest rate cuts ahead. The Czech central bank, the most hawkish in the region, has voted against a hike at the past three meetings. Minutes from the bank's Dec. 18 meeting, published on Friday, showed rate cuts remain off the table, analysts said. CEE SNAPSHO AT MARKETS T 1023 CET CURRENC IES Latest Previou Daily Change s bid close change in 2020 EURCZK Czech <EURCZK 25.3860 25.3460 -0.16% +0.18% = crown => EURHUF Hungary <EURHUF 330.050 329.480 -0.17% +0.33% = forint => 0 0 EURPLN Polish <EURPLN 4.2425 4.2422 -0.01% +0.33% = zloty => EURRON Romanian <EURRON 4.7750 4.7766 +0.03% +0.28% = leu => EURHRK Croatian <EURHRK 7.4517 7.4453 -0.09% -0.08% = kuna => EURRSD Serbian <EURRSD 117.400 117.570 +0.14% +0.14% = dinar => 0 0 Note: calculated from 1800 daily CET change Latest Previou Daily Change s close change in 2020 .PX Prague 1111.72 1121.44 -0.87% -0.35% 00 .BUX Budapest 45353.5 46141.2 -1.71% -1.58% 1 2 .WIG20 Warsaw <.WIG20 2173.97 2173.97 +0.00% +1.11% > .BETI Buchares 9911.45 9921.59 -0.10% -0.66% t .SBITO Ljubljan <.SBITO 927.59 930.97 -0.36% +0.19% P a P> .CRBEX Zagreb <.CRBEX 2036.69 2036.69 +0.00% +0.95% > .BELEX Belgrade <.BELEX 801.69 801.69 +0.00% +0.00% 15 15> .SOFIX Sofia <.SOFIX 569.86 568.60 +0.22% +0.30% > BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT= 2-year <CZ2YT= 1.7740 0.0660 +241bp +8bps RR RR> s CZ5YT= 5-year <CZ5YT= 1.4290 -0.0580 +200bp -5bps RR RR> s CZ10YT <CZ10YT 1.6070 -0.0130 +191bp +1bps =RR 10-year =RR> s Poland PL2YT= 2-year <PL2YT= 1.4890 0.0080 +212bp +2bps RR RR> s PL5YT= 5-year <PL5YT= 1.7890 -0.0180 +236bp -1bps RR RR> s PL10YT <PL10YT 2.0690 -0.0050 +237bp +1bps =RR 10-year =RR> s FORWARD RATE AGREEME NT 3x6 6x9 9x12 3M interba nk Czech <CZKFRA 2.25 2.25 2.19 2.17 Rep ><PRIBO R=> Hungary <HUFFRA 0.24 0.30 0.42 0.16 ><BUBOR => Poland <PLNFRA 1.71 1.69 1.68 1.71 ><WIBOR => Note: are for ask FRA prices quotes ******************************************** ****************** (Reporting by Jason Hovet in Prague, Marton Dunai in Budapest and Radu Marinas in Bucharest, Editing by William Maclean) Our Standards: The Thomson Reuters Trust Principles.

90c792883032e99791da1c12b6a6759a

https://www.reuters.com/article/markets-easteurope/cee-markets-forint-on-course-for-3-loss-in-2019-crown-headed-for-gains-idUKL8N2941CD?edition-redirect=uk

CEE MARKETS-Forint on course for 3% loss in 2019, crown headed for gains

CEE MARKETS-Forint on course for 3% loss in 2019, crown headed for gains By Jason Hovet0 Min Read * Forint, leu worst-hit among CEE FX in 2019 * Crown, zloty cement 2019 gains * Poll sees few gains, some losses in 2020 * Stocks mostly ending 2019 with strong gains By Jason Hovet PRAGUE, Dec 30 (Reuters) - The Czech crown firmed against the euro on Monday to put it on course for a 1% gain in 2019 while central Europe's worst-hit currency this year, the Hungarian forint, fell slightly to set it up for a 3% full-year loss. Central Europe's currencies have been mostly weighed under for much of 2019 by risks to trade coming from a U.S.-China dispute and worries over Britain's European Union exit. Analysts so far expect few gains in 2020, with risks remaining and economies in the region slowing, according to a Reuters poll in early December. The crown has been the best performing, rising mostly in the final quarter of the year as the central bank debated the potential need for rate hikes -- although it left policy unchanged -- and as global risks eased somewhat. On the other end, the forint has stayed under pressure as Hungary's central bank kept the loosest policy in the region. On the last full trading day of 2019, trends largely stayed in place, with the forint edging down 0.05% to 330.56 to the euro by 1015 GMT. It had hit a record low 337.21 in November. The crown gained 0.2% to 25.455 to the euro, off its 2019 high of 25.405. Analysts from Czech bank CSOB said currencies' movement will depend on how the "global weather" develops next year. "We believe 2020 will rather mean a 'soft landing' rather than any deepening of economic problems," they said in a note. "On the other hand today's prices are already practically counting on that and a number of risks and uncertainties... can return into play like a boomerang." They added growth will be slower than in previous years and global growth will be at one of the slowest paces in the last decade. Elsewhere, the Polish zloty, which is also set to end the year in positive territory, inched up less than 0.1% to 4.258 per euro. Romania's leu was flat at 4.783 to the euro. Like the forint, it has been under pressure in 2019 due to worries over its budget deficit after a government change in the autumn. On stock markets, indexes largely moved higher. Except for Warsaw's blue-chip WIG20, stock markets have posted double-digit gains this year. In Hungary, whose BUX is up over 17% since the start of the year, oil and gas group MOL shares were unmoved. Earlier, a Croatian court ruled MOL's head and Croatia's former prime minister were guilty in a corruption case, opening a new chapter in a legal saga that has been dragging on for almost a decade. Bond yields in the region also moved higher. CEE MARKETS SNAPSHOT AT 1115 CET CURRENCIES Latest Previous Daily Change bid close change in 2019 EURCZK= Czech crown 25.4550 25.5140 +0.23% +0.99% EURHUF= Hungary forint 330.5600 330.5650 +0.00% -2.87% EURPLN= Polish zloty 4.2580 4.2598 +0.04% +0.74% EURRON= Romanian leu 4.7830 4.7840 +0.02% -2.70% EURHRK= Croatian kuna 7.4495 7.4450 -0.06% -0.53% EURRSD= Serbian dinar 117.4500 117.5500 +0.09% +0.72% Note: daily change calculated from 1800 CET Latest Previous Daily Change close change in 2019 .PX Prague 1115.60 1119.3300 -0.33% +13.08% .BUX Budapest 46021.79 45984.46 +0.08% +17.59% .WIG20 Warsaw 2156.41 2151.74 +0.22% -5.28% .BETI Bucharest 9959.58 9948.53 +0.11% +34.89% .SBITOP Ljubljana 927.59 924.84 +0.30% +15.33% .CRBEX Zagreb 2024.66 2022.31 +0.12% +15.77% .BELEX15 Belgrade 791.62 780.69 +1.40% +3.93% .SOFIX Sofia 562.12 561.73 +0.07% -5.44% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech Republic spread CZ2YT=RR 2-year 1.6960 0.0610 +231bps +4bps CZ5YT=RR 5-year 1.4260 0.0210 +191bps -2bps CZ10YT=RR 10-year 1.6320 0.0160 +184bps -4bps Poland PL2YT=RR 2-year 1.4770 0.0140 +209bps -1bps PL5YT=RR 5-year 1.8160 0.0210 +230bps -2bps PL10YT=RR 10-year 2.1130 0.0210 +232bps -3bps FORWARD RATE AGREEMENT 3x6 6x9 9x12 3M interbank Czech Rep 2.28 2.28 2.30 2.18 Hungary 0.31 0.37 0.45 0.16 Poland 1.72 1.71 1.70 1.71 Note: FRA quotes are for ask prices ************************************************************** (Reporting by Jason Hovet in Prague, Alan Charlish in Warsaw and Krisztina Than in Budapest, Editing by William Maclean) Our Standards: The Thomson Reuters Trust Principles.

abbb396606ae9433fbf9086ba144c8e1

https://www.reuters.com/article/markets-easteurope/cee-markets-polish-zloty-steady-shrugging-off-inflation-jump-idUKL8N29C21X?edition-redirect=uk

CEE MARKETS-Polish zloty steady, shrugging off inflation jump

CEE MARKETS-Polish zloty steady, shrugging off inflation jump By Reuters Staff0 Min Read BUCHAREST, Jan 7 (Reuters) - The Polish zloty was steady against the euro in early trade on Tuesday as analysts saw no change in the central bank's interest rate policy despite its highest inflation reading since 2012. Flash data showed Polish consumer price inflation at 3.4% on the year in December, above market expectations of 2.9%. "A strong increase in inflation should be neutral for monetary policy as price pressure remains mostly driven by non-core items," Erste Bank said in a research note. "We continue to see the flat policy rate until the end of 2021." Monika Kurtek, chief economist at Bank Pocztowy, said the inflation level was "certainly disturbing for some MPC (members) and will trigger a discussion on the current monetary policy". "However, interest rate changes should not be expected in the coming months, as the Council will probably want to wait and observe the next data." At 0935 GMT, the zloty was flat at 4.2355 to the euro. Elsewhere in the region, the Romanian leu was also flat ahead of a Wednesday central bank meeting when policymakers are widely expected to leave rates unchanged. The Hungarian forint was down 0.3% at 330.4200 to the euro. The Czech crown was down 0.1% at 25.2500 per euro, after briefly touching its strongest level since Feb. 2018 in late trading on Monday. Analysts said the crown's April 2018 high of 25.400 would continue to act as a resistance level. Stocks mostly rebounded across the region and were firmer, led by Hungary's blue chip index, which was 0.7% higher on the day. CEE SNAPSHO AT MARKETS T 1057 CET CURRENC IES Latest Previou Daily Change s bid close change in 2020 Czech <EURCZK= 25.2490 25.2400 -0.04% +0.72% crown > Hungary <EURHUF= 330.800 329.590 -0.37% +0.10% forint > 0 0 Polish <EURPLN= 4.2339 4.2342 +0.01% +0.53% zloty > Romanian <EURRON= 4.7745 4.7755 +0.02% +0.29% leu > Croatian <EURHRK= 7.4475 7.4642 +0.22% -0.03% kuna > Serbian <EURRSD= 117.410 117.510 +0.09% +0.14% dinar > 0 0 Note: calculated from 1800 daily CET change Latest Previou Daily Change s close change in 2020 Prague 1119.30 1118.43 +0.08% +0.33% 00 Budapest 44945.7 44658.7 +0.64% -2.47% 0 6 Warsaw 2165.35 2173.97 -0.40% +0.71% Buchares 9876.65 9865.83 +0.11% -1.01% t Ljubljan <.SBITOP 933.80 932.92 +0.09% +0.86% a > Zagreb 2035.10 2036.69 -0.08% +0.88% Belgrade <.BELEX1 801.69 801.69 +0.00% +0.00% 5> Sofia 568.50 570.65 -0.38% +0.06% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year <CZ2YT=R 1.7130 0.0310 +233bp +3bps R> s 5-year <CZ5YT=R 1.4480 0.0660 +200bp +7bps R> s <CZ10YT= 1.6010 0.0350 +188bp +2bps 10-year RR> s Poland 2-year <PL2YT=R 1.5300 0.0490 +215bp +5bps R> s 5-year <PL5YT=R 1.8720 0.0650 +242bp +7bps R> s <PL10YT= 2.1410 0.0670 +242bp +6bps 10-year RR> s FORWARD RATE AGREEME NT 3x6 6x9 9x12 3M interba nk Czech 2.25 2.24 2.19 2.17 Rep <PRIBOR= > Hungary 0.27 0.34 0.45 0.00 Poland 1.74 1.73 1.72 1.71 Note: are for ask FRA prices quotes ********************************************* ***************** (Reporting by Luiza Ilie in Bucharest, Jason Hovet in Prague and Alan Charlish in Warsaw; Editing by Kevin Liffey) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-emerging-investment-idINKBN27I29T?edition-redirect=in

Emerging markets suck in $17.9 billion during October - IIF

Emerging markets suck in $17.9 billion during October - IIF By Reuters Staff1 Min Read U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo LONDON (Reuters) - Emerging markets sucked in $17.9 billion of portfolio flows in October, up from $7.5 billion the month before, buoyed by an improving outlook for the global economy and strength of the tech sector, data from Institute of International Finance showed. But while those factors benefited capital flows at the start of the month, fresh angst about a second wave of the coronavirus pandemic and uncertainty arising from the U.S. election limited the surge towards the end of October. Debt accounted for the majority of inflows, mostly to emerging Asia and China, as investors were attracted by a steady pipeline of external issuance. Debt inflows were around $11.7 billion during the month. Equities were more sensitive to political risk and uncertainty stemming from the upcoming U.S. election. Equity inflows stood at $6.3 billion, of which $4.7 billion were to China. Reporting by Tom Arnold; editing by Karin StroheckerOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-flows-baml-idUSL3N1HT3E0

"Liquidity supernova" keeping markets afloat, Europe in demand - BAML

"Liquidity supernova" keeping markets afloat, Europe in demand - BAML By Vikram Subhedar3 Min Read LONDON, April 21 (Reuters) - The $1 trillion of financial assets that central banks in Europe and Japan have bought so far this year is the best explanation for the gains seen in global stocks and bonds despite lingering political risks, Bank of America Merrill Lynch said on Friday. If the current pace of central bank buying, dubbed the “liquidity supernova” by BAML, continues through the year, 2017 would record their largest financial asset purchases in a decade, the broker said in its weekly report on investment flows. Shorter-term investor flows pointed to a mild “risk-off” with $3.8 billion pumped into bond funds and $0.6 billion pulled from equities over the past week, BAML said. A run of disappointing U.S. economic data, questions about whether the Trump administration can push through tax cuts and uncertainty around the French election have dented some of the enthusiasm for risky assets in recent weeks. Global stocks, which hit a record high last month are down about 1.3 percent from those peaks as investors locked in some profits. U.S. stocks, which have led gains since last summer, have now seen outflows in four of the last five weeks, BAML said, adding that another $2.6 billion was pulled out in the latest week. The mood on European stocks, particularly among global investors, remains bright, the data showed, as relatively attractive valuations and a better economic backdrop have so far trumped risks related to politics. European equity funds pulled in $0.6 billion over the past week, their fourth straight week of inflows, BAML said. The risk-on script on Europe would get ripped up, however, in the “worst case outcome” if far-right candidate Marie Le Pen and/or hard-left challenger Jean-Luc Melenchon go through to the second round, the broker said. If Le Pen and Melenchon do go through, BAML warns of a major risk-off in European and globally. The latest poll showed that French centrist Emmanuel Macron is set to come out on top in the first round on Sunday. (Reporting by Vikram Subhedar; Editing by Alison Williams) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-forex-cftc-idUSL2N17B1Q6

Speculators slash U.S. dollar net longs to smallest since late March 2014-CFTC, Reuters

Speculators slash U.S. dollar net longs to smallest since late March 2014-CFTC, Reuters By Reuters Staff1 Min Read April 8 (Reuters) - Speculators further chopped bullish bets on the U.S. dollar for a fifth straight week, pushing net longs to their lowest in more than two years, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar’s net long position fell to $2.15 billion in the week ended April 5, from $4.65 billion the previous week. Dollar net longs came in below $5 billion for a second consecutive week. Last week, U.S. dollar net longs were the smallest since mid-May of 2014. Net dollar positioning then turned net short in early May of the same year for four weeks. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-frontier-stocks-idINKBN27R1QD?edition-redirect=in

Analysis: Fear on the wild frontier as riskier stock markets left trailing

Analysis: Fear on the wild frontier as riskier stock markets left trailing By Tom Arnold6 Min Read LONDON (Reuters) - Frontier stocks have trailed bigger emerging markets in recovering from the coronavirus-induced crash as liquidity has dried up and investors beat a hasty retreat. FILE PHOTO: A man counts Lebanese pounds at a currency exchange shop in Beirut, Lebanon October 1, 2020. REUTERS/Mohamed Azakir/File Photo BMO Global Asset Management shut a $78 million fund and Aberdeen Standard Investments wound up an investment trust, both invested in frontier stocks, in recent months after fellow fund manager Barings took a similar step last year. Money managers say assets under management in dedicated frontier funds have tumbled to close to $4 billion from around $15 billion in 2014, when from Nigeria to Lebanon, markets once seen as too risky saw an influx of money, with investors betting on fast-growing economies and idiosyncratic investment stories. “Flows have been negative for the last three years,” Fergus Argyle, assistant manager of frontier at Somerset Capital Management, told Reuters. “On the one hand it’s a bit alarming, but on the other hand it’s also quite encouraging .. there’s a lot of pain in the market already and a lot of capital has left the market and we don’t see a significant need for change for sentiment to really improve,” Argyle added. The draining of cash reflects disappointment with an asset class that has frequently failed to compensate for the added risk of markets prone to crises or capital controls. Since the COVID-19 pandemic triggered global market falls in late February, investor disappointment has intensified. MSCI’s Frontier Markets Index, encompassing a diverse group banded together due to scarce liquidity, lack of size and access restrictions, has fallen 6.3% since late February, while its emerging market equivalent. has climbed by 10% over the same period. Several frontier funds have had even poorer performances. Mind the gap: Frontier market stocks lag global peers In a sign of the risk aversion felt towards frontier stocks, outflows have persisted every month since April 2018, EPFR Global data shows. Meanwhile, global emerging market managers have also been selling down benchmark frontier exposure, Steven Holden, director of Copley Fund Research, said. A record low of 41% of funds had any frontier exposure at all, with average weights of 0.82% towards the bottom of the 13-year range, he said. The exit of Kuwait’s stocks, accounting for around $100 million of daily trading on the index, from the frontier market benchmark in the coming months is adding to the malaise. Kuwait, which at 36% has the largest country weighting, has been reclassified by MSCI to the emerging market benchmark from the end of this month. “The upgrade (of Kuwait) will have seismic implications on the stability and overall liquidity of the index and on fund performance as passive flows distort fundamentals,” Bassel Khatoun, managing director, of frontier and MENA, Franklin Templeton Emerging Markets Equity, said. TRAILING TECH Fund managers say the impact of an estimated $12 trillion in stimulus which has been rolled out mainly in advanced economies since the pandemic has drawn investor cash from the frontiers. While it has helped pump up stock market valuations in the developed world, with some trickling into bigger emerging markets, it has not done so in frontier markets where central banks have far less fiscal firepower. “At the moment, earnings growth doesn’t determine stock market performance because there are so many outside factors such as monetary policy, fiscal policy and other reactions to the virus in terms of lockdowns etc,” said Dominic Bokor-Ingram, senior portfolio manager of frontier markets at Fiera Capital. Company earnings, the normal driver of stock markets, had been less dire in the first half of the year in frontier markets than in emerging or U.S. ones, Bokor-Ingram added. Frontier markets have suffered in part from a lack of ‘stay at home’ stocks which have thrived during lockdowns. Vietnam-based FPT Corp and Morocco’s Hightech Payment Systems are among the tech names favoured by fund managers, but neither are in the MSCI index. By contrast, tech stocks make up around a third of the U.S. S&P 500, and their rally has lifted the wider market. “The likes of Apple, Microsoft and Amazon have returns ranging between 30%-70% in share prices,” said Peter Leger, head of global frontiers markets at Coronation Fund Managers. “That steals the headlines and people have not been feeling the need to look further afield for returns.” Frontier equity flows still to recover GREEN SHOOTS Despite the outflows, some fund managers are betting on a turnaround, with a Joe Biden presidency in the United States expected to usher in a more predictable geopolitical climate. And if there is no resolution to trade tensions between the U.S. and China, Vietnam and Bangladesh should benefit further. “We’re pretty positive,” George Birch Reynardson, portfolio manager at Somerset Capital Management, said. “Frontier stocks today are a trading around 14 times earnings, compared to emerging at 20 times and developed at 28 times. So, there’s a big valuation discount, one of the biggest we’ve seen historically,” Reynardson said. “We’d expect that to start to attract new investments.” Green shoots may already be sprouting in some markets, with frontier stocks outperforming both emerging and developed markets in the third quarter, Kathrine Husvaeg, senior portfolio manager, Russell Investments, said. “If there is a vaccine, the return of tourism will provide a boost in recovery for many of these countries,” she added. Additional reporting by Karin Strohecker; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

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https://www.reuters.com/article/markets-funds-baml/precious-metals-net-second-biggest-weekly-inflows-on-record-baml-idUKL9N26F02X?edition-redirect=uk

Precious metals net second biggest weekly inflows on record: BAML

Precious metals net second biggest weekly inflows on record: BAML By Reuters Staff1 Min Read LONDON, Sept 27 (Reuters) - Precious metals enjoyed their second biggest inflows ever in the week to Wednesday, Bank of America Merrill Lynch said on Friday, as festering trade tensions and global growth woes triggered a rush for safe haven assets. A total of $2.8 billion was sucked into precious metal funds during the week, while bind funds took in $9.2 billion in theur 38th week of inflows. Meanwhile U.S. equity funds suffered their ninth largest outflows ever, losing $16.4 billion, said BAML citing EPFR data. (Reporting by Tom Arnold, editing by Karin Strohecker) Our Standards: The Thomson Reuters Trust Principles.