Rio Tinto Share Discussion Threads

[maywillow] 06/7/2020 08:15

06/07/2020 | 08:32

Already a buyer, Jefferies continues to advise the stock to buy in a research note published by Christopher LaFemina.

The price target is raised to 5400 GBX from 5200 GBX before.

[podgyted] 06/7/2020 07:41

Rio down 0.8% in Oz

[waldron] 06/7/2020 07:30

Dow futures jump more than 300 points as Wall Street tries to build on winning week

Published Sun, Jul 5 20206:00 PM EDT

Updated 54 Min Ago

Fred Imbert
@foimbert

[the grumpy old men] 04/7/2020 13:11

What to Watch in Commodities: Virus, Oil, Copper, Iron Ore, IEA

Helen Robertson and Elizabeth Rembert, Bloomberg News








Emissions rise from the Royal Dutch Shell Plc Norco Refinery in Norco, Louisiana, U.S., on Friday, June 12, 2020. Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg

Emissions rise from the Royal Dutch Shell Plc Norco Refinery in Norco, Louisiana, U.S., on Friday, June 12, 2020. Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg , Bloomberg

(Bloomberg) -- Commodities are gaining ground as the second half gets under way, with Brent in the $40s a barrel and copper posting a seventh weekly rise. Next week brings valuable insights into energy, metals and crop markets before the earnings season hits high gear later in July. The overarching themes remain the pandemic, state of lockdowns, and prospects for demand.

The International Energy Agency leads the line-up with its monthly overview of the worldwide oil market as OPEC and allies ratchet back supplies. Crop traders will dissect the latest WASDE snapshot, with corn a particular focus. And metals markets are primed for more virus-related disruptions in Chile, which may aid copper, as well as signals of booming iron ore flows, which may hurt prices.

A brace of companies report, with numbers from Suedzucker AG, Europe’s top sugar producer, and major cocoa processor Barry Callebaut AG. And last but not least, San Francisco Federal Reserve President Mary Daly and Richmond Fed President Thomas Barkin take part on Tuesday in a discussion on the U.S. economy hosted by the National Association for Business Economics.

By the Numbers

Oil-market watchers will keep a keen eye on the International Energy Agency’s monthly report on the global crude market next week for signals on how consumption is recovering from the virus-induced slump. The market will also examine key compliance data, which the IEA releases every month, indicating to what extent the Organization of Petroleum Exporting Countries and its allies are making the cutbacks they’ve pledged to clear a glut and shore up prices.

Last month, OPEC’s output fell to the lowest since 1991, while Russia reached near-total compliance with its quota. Meanwhile, tanker-tracking data compiled by Bloomberg show crude supplies from OPEC’s Middle East exporters, excluding Iran, fell for a second month in June as Saudi Arabia and key Persian Gulf allies made further voluntary production cuts on top of the unprecedented 9.7 million barrels a day agreed by the OPEC+ group of countries in April. OPEC will release its own monthly oil market report on July 14.

Red Alert

The global copper market will be on alert next week for any further signs that supplies from key producer Chile are being disrupted by the coronavirus pandemic as mine workers fall ill. With prices capping a seventh weekly advance in London following BHP Group’s move to curtail operations at one site, investors and traders will also track the metal’s technical backdrop.

Driven by the powerful recovery in prices since March, copper’s 50-day moving average is fast closing in on its 200-day counterpart and may move above it next week. That pattern, a so-called golden cross, can portend further gains. Still, the last time chart watchers saw it for copper was right at the start of 2020, just before the metal swooned as the pandemic erupted.

The Big Question

The U.S. Department of Agriculture just rocked the corn market when it said American farmers planted a lot fewer acres than analysts had expected. Traders will be anxious to see how that impacts the U.S. corn outlook in the World Agricultural Supply and Demand Estimates update on July 10. The big question: will the smaller plantings be enough to make up for declining demand in ethanol production, helping to keep inventories under control?

And in Brazil, the second-largest corn exporter after the U.S., the crop is now seen coming in below initial estimates after adverse weather affected some regions. Traders will be looking for the Conab release on Wednesday to make that adjustment in its July report.

Hungry for Information

Earnings next week from Suedzucker and Barry Callebaut should give a fresh glimpse of how the sugar and chocolate sectors are holding up, particularly as more shops and restaurants reopen in Europe. Figures from Suedzucker, Europe’s top sugar producer, are due Thursday and traders will watch for clues on whether the region’s prices will gain amid previously expected shortages, despite worries that slowing economies will curb demand.

Barry Callebaut could give the cocoa market more clarity on how chocolate demand is faring when the major processor reports results on Thursday, too. Grindings beat expectations in Europe and Asia earlier this year, but analysts said that was more to do with ramping up output ahead of potential supply-chain disruptions, rather than real consumption. The market’s been under pressure lately, with London futures near the lowest in more than a year.

Hitting Fifty

Iron ore prices are on the slide, dropping into the $90s a ton on indications that surging global supplies are easing tightness in the seaborne market. With vessel-tracking data pointing to a jump in flows from Australia, next week should bring confirmation of another bumper month at Port Hedland, possibly a record. The world’s largest bulk-export terminal is used by miners including BHP Group, Fortescue Metals Group Ltd. and Roy Hill Holdings Pty.

The print for June’s performance should come in the opening half of the week -- there’s no fixed date for the release -- and the figure may surpass the peak of 48.9 million tons set a year ago. This week, Brazil reported exports of 30 million tons for June, well up on the prior month and narrowly ahead of the year-ago number. Between them, the two nations account for the majority of worldwide exports, with cargoes feeding China’s mammoth steel industry.

[waldron] 03/7/2020 17:17

Iron Ore 97.71-1.23(-1.26%)
Gold COMEX 1,787.30 +0.02%
Silver COMEX 18.34 +0.41%
Platinum NYMEX 823.80 -0.45%
Copper COMEX 2.72 -1.04%
Brent Crude Oil NYMEX 42.74 -0.07%
Gasoline NYMEX 1.25 +0.45%
Natural Gas NYMEX 1.80 +1.07%
WTI 40.18 USD -0.07%

FTSE 100
6,157.3 -1.33%
Dow Jones
25,827.36 +0.36%
CAC 40
5,007.14 -0.84%
SBF 120
3,943.47 -0.75%
Euro STOXX 50
3,294.38 -0.77%
DAX
12,528.18 -0.64%
Ftse Mib
19,677.74 -1.05%


Rio Tinto
4,458.5 -1.90%


Bhp
1,636.4 -1.56%

Anglo American
1,835 -2.01%



Glencore
169.68 -1.67%

[waldron] 03/7/2020 11:07

HAVE A GREAT WEEKEND AND INDEPENDENCE DAY Ted,one and all

Do be careful

[waldron] 03/7/2020 11:06

European Stocks Waver With U.S. Markets Shut
Date : 03/07/2020 @ 11:53
Source : Dow Jones News

[x]
European Stocks Waver With U.S. Markets Shut
Print
Alert

By Avantika Chilkoti

European stocks wavered Friday, with trading volumes down as American markets remain shut for the Independence Day holiday and investors take stock of a surge in coronavirus infections in the U.S. that could impede the global economic recovery.

The pan-continental Stoxx Europe 600 drifted between gains and losses. In Asia, most major equity benchmarks closed higher.

U.S. stock futures also wobbled, with contracts linked to the Dow Jones Industrial Average ticking up 0.1%. The gauge for blue-chips stocks ended the week up 3.25% ahead of the Fourth of July holiday.

New daily infections in the U.S. passed 50,000 for the first time earlier this week, marking a single-day record, according to data out Thursday. Texas authorities changed course and required face coverings in most public settings as the state's coronavirus crisis worsened. The resurgence of cases has led to calls for caution and many cancellations of festivities, and beaches in parts of Florida and California have been closed for the holiday weekend.

Investors are balancing worries about the rising infection level, which may prompt more stringent lockdowns and stall the economic recovery, with signs of the revival in business activity. Unemployment fell in the U.S. and the economy regained 4.8 million jobs in June, according to data released Thursday, but the recent surge in infections could throw that recovery off course.

"You get some dead-cat bounce in the data and that makes people think the economy is recovering and maybe be V-shaped, but then you have record infections," said Lyn Graham-Taylor, a rates strategist at Rabobank. "You're having to take everything with a pinch of salt because we're coming off such a low base, of course everything looks good."

--it'll

In commodities, Brent crude, the international benchmark for oil prices, fell 1.3% to $42.59 a barrel, amid concerns about the economic outlook and demand for energy. The surge in new cases in the U.S. has centered on southern states, which are particularly large consumers of gasoline.

China's Shanghai Composite Index rallied 2% by the end of the Asian trading day. A private gauge of China's service-sector activity surged to the highest level in more than a decade in June, according to new data out Friday, as the easing of virus-control measures in most parts of the country drove demand.

Elsewhere in Asia, Japan's Nikkei 225 benchmark gained 0.7% and Hong Kong's Hang Seng Index climbed almost 1%.

Write to Avantika Chilkoti at [e-mail]



(END) Dow Jones Newswires

July 03, 2020 05:38 ET (09:38 GMT)

[maywillow] 03/7/2020 07:39

Same to you ted

have fun

[waldron] 03/7/2020 06:32

Stocks rise after better-than-expected jobs report to close out winning week

Published Wed, Jul 1 20206:04 PM EDT

Updated Thu, Jul 2 20204:13 PM EDT

Fred Imbert
@foimbert

Thomas Franck
@tomwfranck

[waldron] 02/7/2020 17:15

Iron Ore 98.94 +0.93(0.94%)
Gold COMEX 1,790.60 +0.64%
Silver COMEX 18.37 +0.49%
Platinum NYMEX 829.20 -0.87%
Copper COMEX 2.74 +0.27%
Brent Crude Oil NYMEX 42.64 +1.67%
Gasoline NYMEX 1.24 +1.96%
Natural Gas NYMEX 1.77 +1.60%
WTI 40.145 USD +1.62%

FTSE 100
6,240.36 +1.34%
Dow Jones
25,969.35 +0.91%
CAC 40
5,049.38 +2.49%
SBF 120
3,973.24 +2.42%
Euro STOXX 50
3,320.09 +2.95%
DAX
12,608.46 +2.84%
Ftse Mib
19,878.78 +2.83%


Rio Tinto
4,545 +2.18%


Bhp
1,662.4 +2.13%


Anglo American
1,872.6 +2.62%


Glencore
172.56 +3.02%

[christh] 02/7/2020 08:24

UK Broker Recommendations list
02 July 2020

BROKER FORECASTS
Pre-Market Edition

Visit www.sharesmagazine.co.uk for more information including
the latest broker and company news


Upgrades
Company..........Broker........New Rec......New Target......Previous Target
Rio Tinto PLC..Deutsche Bank....Buy...........£49.00............£46.00

[florenceorbis] 02/7/2020 07:49

Deutsche Bank Buy up from 4,600.00 to 4,900.00 Upgrades

[waldron] 02/7/2020 07:17

Stock futures steady after Nasdaq hits record to start third quarter

Published Wed, Jul 1 20206:04 PM EDT

Updated 6 Hours Ago

Thomas Franck
@tomwfranck