Nickel fell on global manufacturing weakness

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals apart from copper dropped on Tuesday after US consumer confidence tumbled to five-month low in June. Persistent worries about economic health of the Eurozone also weighed on the base metals pack.

Aluminum declined on global risk-aversion ahead of the EU summit. Meanwhile, massive production cuts may result in slight deficit in the market, according to International Aluminum Institute.

Copper was the only gainer despite escalated concerns about the EU debt woes after Angela Merkel rejected sharing total debt liability.

Nickel extended previous slump as manufacturing activity remains weak all over the world. However, better spot market activity may lift the price in the next sessions.

Zinc was the top-loser amid weak spot demand and record high inventory levels. The metal may seek support from US pending home sales data due on Wednesday.


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Wed, 27 Jun 2012 16:18:20 GMT

Natural gas advanced despite easing supply concerns

Energy markets were bullish on Tuesday as strike of oil workers in Norway created supply risk-premium for oil products.Crude oil was almost unchanged for the day, balancing between potential supply disruptions as tensions between Syria and Turkey are growing and concerns over the Eurozone's economy.Brent oil rallied as strike by oil workers in Norway is tightening supplies from North Sea.

Wed, 27 Jun 2012 16:40:20 GMT

German DAX gains on fertilizer company K+S AG

German DAX index edged higher on Wednesday supported by fertilizer giant K+S AG. Nevertheless, investors stayed cautious ahead of upcoming EU summit due Thursday. K+S AG rallied 3.0% after Bank of America Merrill Lynch raised the company from underperform to buy. Utility firm E.ON AG gained 2.2% after HSBC upgraded the shares from neutral to overweight. Meanwhile HSBC reduced Infineon

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