European shares rose on Thursday, with technology stocks in the lead, as hopes that the Federal Reserve's post-pandemic tightening cycle was close to an end due to cooling U.S. inflation overshadowed weak trade data from China.
Germany's 2023 wheat harvest will fall 3.2% on the year to 21.79 million metric tons, the country's association of farm cooperatives said on Thursday, repeating its earlier forecast of a smaller harvest this year after dry weather stressed grains.
Climate protests at two German airports led to travel disruptions early on Thursday at the height of the busy summer holiday season, with Hamburg airport saying it had halted all traffic as a result.
European shares edged higher on Thursday as U.S. inflation data fuelled hopes that the Federal Reserve was on the brink of ending its post-pandemic tightening cycle, although a raft of mixed economic data limited further upside.
The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is examining systems and regulations in the sector overseas, three sources with direct knowledge of the matter told Reuters.
Swatch Group reported record growth for the first six months of the year, benefiting from the removal of lingering COVID-related restrictions in Asia as well as brisk business in Europe and North America, the watchmaker said on Thursday.
Copper prices hit a three-week high on Thursday as a softer dollar made greenback-priced metals cheaper for holders of other currencies, while traders showed tepid response to data that signalled a slump in China's imports of the metal.
Climate protests at two German airports led to travel disruptions early on Thursday at the height of the busy summer holiday season, with Hamburg airport saying it had halted all traffic as a result.
South Korea's Major Feedmill Group (MFG) has issued an international tender to purchase up to 140,000 metric tons of animal feed corn to be sourced from optional origins, European traders said on Thursday.
Barry Callebaut, the world's biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as customer demand dropped in an inflationary environment.
Malaysian palm oil futures extended early losses on Thursday, weighed down by forecast of improving production in the world's second-largest producer, while estimates of all-time high U.S soybean output also dampened sentiment.
Swatch Group reported record growth for the first six months of the year, benefiting from the removal of the final COVID-related restrictions in Asia, the watchmaker said on Thursday.
Barry Callebaut, the world's biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as customer demand dropped in an inflationary environment.
China's copper imports fell 16.4% in June from a year earlier, customs data showed on Thursday, weighed down by a combination of strong domestic production and weak demand in the world's top consumer of the metal.
China imported 10.27 million metric tons of soybeans in June, up 24.5% from a year earlier, customs data showed on Thursday, as large purchases of cheap Brazilian beans reached the market.
China imported 449,649 metric tons of unwrought copper and copper products in June, down 16.4% from a year earlier, data from the General Administration of Customs showed on Thursday.
Malaysian palm oil futures fell on Thursday, surrendering gains from the previous session, tracking losses in rival edible oils after the U.S government forecast a all-time high production of soybeans.
Chicago corn futures lost more ground on Thursday, with the market dropping to its lowest since early 2021 after a closely-watched U.S. government report estimated all-time high production.
India on Wednesday restricted imports on plain gold jewellery, as the world's second-largest consumer of the precious metal tries to plug loopholes in its trade policy.
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