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Goldman Warns Copper "Is Having A Cocoa Moment"
15.05.2024, 19:44 Uhr. ZeroHedge News - https: - Goldman Warns Copper "Is Having A Cocoa Moment" In a Goldman Materials note this morning covering China and copper, analyst James McGeoch pointed out that the base metal is "having a Cocoa moment." Comex copper futures for July delivery jumped nearly 5% to $5.12 a pound, exceeding an earlier record for the most active contract set in March...
Netanyahu Says Rafah Op To Take 'Weeks, Not Months' As EU Warns Of Damaged Ties
15.05.2024, 17:45 Uhr. ZeroHedge News - https: - Netanyahu Says Rafah Op To Take 'Weeks, Not Months' As EU Warns Of Damaged Ties On Wednesday Israeli Prime Minister Benjamin Netanyahu declared that the controversial Rafah offensive, which has been criticized by a number of Western allies including Washington, is expected to "last weeks" and not not months or years. The Israeli leader appears to be...
WTI Rebounds Off Lows After Across-The-Board Inventory Draws
15.05.2024, 16:39 Uhr. ZeroHedge News - https: - WTI Rebounds Off Lows After Across-The-Board Inventory Draws Oil prices are tumbling this morning despite lower CPI (juicing rate cut hopes), weak retail sales (but strong gas station spending), and a big draw reported overnight by API. It seems the main downside driver was IEA lowering its 2024 demand forecast. World oil demand is forecast to grow...
First ATM, Now Debt-For-Equity Swap, AMC Drains Equity In Bid To Stay Alive
15.05.2024, 16:16 Uhr. ZeroHedge News - https: - First ATM, Now Debt-For-Equity Swap, AMC Drains Equity In Bid To Stay Alive Volatility in "meme stocks" continued in premarket trading on Wednesday as AMC Entertainment Holdings announced a debt-for-equity exchange for $163.9 million in bonds maturing in 2026. This strategy mirrors management's approach that helped the struggling movie theater...
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