After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
See which stocks are posting big moves after the bell.Market Insiderread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)
LONDON, July 31 (Reuters) - Lead rebounded from a two-week low on Wednesday after the metal mainly used for batteries came under pressure from a pile-up of inventories and better supply prospects.
Prices recovered as some investors closed out short positions on the last day of the month, a trader said.
The lead market surged 14% over three weeks earlier this month before hitting a four-month peak on July 25, reflecting smelter closures and decade-long lows touched by London Metal Exchange-registered stocks.
But the situation has reversed in recent days as signs emerged that supply was healthy, sending prices lower.
"All the signals are pointing to better supply on the market," said analyst Daniel Briesemann at Commerzbank in Frankfurt, noting that the Port Pirie smelter had restarted, resolving a major outage.
"The price rise was somewhat excessive, partly driven by speculation, so lead was ripe for a correction."
LME benchmark lead hit an intraday low of $1,981.50, the weakest since July 17, before recovering to rise 0.6% to $2,010 a tonne in final open outcry trading.
Markets were on edge ahead of a second set of Chinese factory data due on Thursday and an expected U.S. interest rate cut later on Wednesday.
* LEAD STOCKS: Lead inventories in LME-registered warehouses <MPBSTX-TOTAL> surged by 11,725 tonnes to 79,050 tonnes, daily data showed on Wednesday, bringing the two-day rise to 42%.
* LEAD: Korea Zinc had secured inventories ahead of refinery maintenance being carried out until late August, so supplies will not be interrupted, a spokesman said.
* TRADE TALKS: U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as "constructive", including discussions over further Chinese purchases of American farm goods and an agreement to reconvene in September.
* CHINA PMI: China's factory activity shrank for the third straight month in July, with the official Purchasing Managers' Index (PMI) at 49.7 in July, slightly firmer than June's 49.4 and higher than expectations.
* "This shows that stimulus measures announced previously are having some positive impact on the manufacturing sector," said analyst Helen Lau of Argonaut Securities.
* FED: The U.S. Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday.
* ALUMINIUM TIME SPREADS: The discount of cash aluminium to the three contract <CMAL0-3> has sunk to $28.50 a tonne, the lowest since June 18 and compared to a discount of $14 three weeks ago, indicating healthier near-term supply.
* PRICES: LME three-month copper fell 0.4% to end at $5,927 a tonne, aluminium slipped 0.2% to $1,800, zinc dropped 0.7% to $2,444 and tin shed 0.9% to $17,300. Nickel failed to trade in closing rings and was bid up 0.8% at $14,480.
* For the top stories in metals and other news, click or (Additional reporting by Mai Nguyen in Singapore Editing by Mark Heinrich)