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COMMERZBANK AG

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  • NEW YORK/ LONDON, March 5- Gold eased on Thursday, changing direction and falling below $1,200 an ounce as short-covering dried up after buoying prices following the European Central Bank's announcement that it will lift its 2016 inflation forecast. Gold is usually viewed as a hedge against inflation. "The short-covering petered out and that's led to the market...

  • NEW YORK, March 5- Commerzbank AG is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle alleged violations of U.S. sanctions and a separate probe that stemmed from transactions linked to an Olympus Corp accounting scandal, according to two people close to the case. Margarita Thiel, a spokeswoman for Commerzbank, Germany's...

  • LONDON, March 5- Gold rose on Thursday after the European Central Bank lifted its 2016 inflation forecast and as the market awaited key U.S. economic data. "The ECB is much more optimistic regarding growth and inflation than we are... people are looking at currency devaluation and see gold as an alternative," Commerzbank analyst Daniel Briesemann said.

  • Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 7:34 AM ET
    A worker at Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian Basin outside Midland, Texas, on Dec. 12, 2014.

    Billions of dollars are pouring into oil exchange-traded funds, as investors risk big losses and focus on the chance of huge rewards.

  • UPDATE 1-Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 7:22 AM ET

    *USO says 80-90 pct of shares held by ETF hedge funds. LONDON/ NEW YORK, March 5- Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. "They can be quite dodgy," said a British woman who buys and sells oil derivatives from a...

  • LONDON, March 5- Emerging market stocks fell to a three-week low on Thursday as a buoyant dollar and China calling its lowest growth for 25 years a' new normal' soured the mood among investors. The MSCI emerging equities index was 0.2 percent lower at a level last seen in mid February, while the Asia excluding Japan benchmark, fell 0.4 percent. Shares in Turkey's...

  • Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 5:17 AM ET

    LONDON/ NEW YORK, March 5- Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. Five of the biggest oil ETFs have seen their assets more than quadruple since July to $5.4 billion as the oil market has had a...

  • SINGAPORE/ PARIS, March 3- Chicago wheat traded little changed on Tuesday after posting its biggest daily loss in more than two months in the last session, pressured by a lack of demand for U.S. supplies as the dollar strengthens. "The concerns about frost damage in the U.S., which had driven up the price at the end of last week, appear to be dissipating again," Commerzbank...

  • Euro zone bond yields pinned at lows with ECB eyed Tuesday, 3 Mar 2015 | 3:53 AM ET

    LONDON, March 3- Most euro zone bond yields held near record lows on Tuesday as investors waited for details of the European Central Bank's trillion euro quantitative easing programme that kicks off later this week. While a rally in low-rated debt that pushed yields in Spain, Italy and Portugal to record lows on Monday eased, investor focus remained fixed on the...

  • LONDON, March 2- Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates before retreating on worries about slowing Chinese growth. The rate cut is showing the readiness of the Chinese government to fight against the slowdown, "said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

  • *Iran Foreign Minister: nuclear deal possible this week. *'Long way to go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.

  • *Iran Foreign Minister: nuclear deal possible this week. *'Long Way To Go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.

  • UPDATE 1-Bets on oil rally highest since July -ICE Monday, 2 Mar 2015 | 8:29 AM ET

    LONDON, March 2- Hedge funds and large speculators increased their bets on rising Brent crude oil prices last week to their highest for more than seven months, exchange data showed on Monday. Speculators increased their net long positions in Brent futures and options by 11,371 contracts to 182,783 in the week to Feb. 24, InterContinentalExchange data shows.

  • *Iran Foreign Minister: nuclear deal possible this week. LONDON, March 2- Brent crude oil fell almost 2 percent towards $61 a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifted sanctions, which could boost the country's oil exports. Brent crude hit a low of $61.18 a barrel and was at $61.30 by 1220 GMT, down $1.28.

  • LONDON, March 2- Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates but gains were capped on worries about slowing Chinese growth. The rate cut is showing the readiness of the Chinese government to fight against the slowdown, "said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

  • LONDON, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping under $62 a barrel, depressed by a stronger dollar and a rise in Libyan crude output. Brent crude hit a low of $61.70 a barrel and was at $61.90 by 1100 GMT, down 68 cents. Disruption to oil supplies from members of the Organization of the Petroleum Exporting Countries has helped support...

  • LONDON, Feb 27- For all the record inflows pouring into euro zone stock markets as the European Central Bank readies its bond-buying plan, there is still some way to go for economic powerhouse Germany to break its own stock-market records. Banking-sector stocks such as Deutsche Bank and Commerzbank are down a whopping 70 to 90 percent from their pre-crisis...

  • POLL-Oil market may have bottomed out - Reuters poll Friday, 27 Feb 2015 | 6:00 AM ET

    *Brent seen averaging $59 a barrel, U.S. crude $54.50 in 2015. But the market ought to see sustained rallies later this year, bringing North Sea Brent crude futures to an average of $59 a barrel in 2015 and to $71.80 in 2016.. Brent crashed from a high above $115 a barrel last June to almost $45 last month and has since regained ground to trade at or slightly above $60 this...

  • LONDON, Feb 26- Oil edged up on Thursday towards $62 a barrel as expectation of a coming recovery in global demand countered a further jump in U.S. crude stockpiles which underlined currently ample supplies. Brent crude rose 8 cents to $61.71 by 1446 GMT, after jumping more than 5 percent on Wednesday. "At present, it would appear that Brent is bottoming out at $60 per...

  • UPDATE 5-Oil falls towards $61 as ample supplies weigh Thursday, 26 Feb 2015 | 8:30 AM ET

    LONDON, Feb 26- Oil fell towards $61 a barrel on Thursday as a further jump in U.S. crude stockpiles underlined currently ample supplies, countering indications of a coming recovery in global demand. Brent crude fell 40 cents to $61.24 by 1317 GMT, after jumping more than 5 percent on Wednesday. "At present, it would appear that Brent is bottoming out at $60 per barrel,"...