Nasdaq Commodities

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Futures for Canada's main stock index rose on Friday, supported by oil prices reaching their highest in a year on economic revival hopes ahead of the monthly jobs report and as producer group OPEC and its allies stuck to the supply tightening policy.

Copper prices edged higher on Friday on hopes that an improving vaccine rollout and U.S. stimulus could boost demand for metals, though a stronger dollar kept gains in check.

The U.S. Senate early on Friday passed a budget plan that would allow for passage of President Joe Biden's $1.9 trillion COVID-19 relief package in coming weeks without Republican support.

Cuba's imports from China tumbled to $483 million last year versus $791 million in 2019, according to data from the Chinese Customs Office, extending a steep five-year decline as the island's economy reels from U.S. sanctions and the coronavirus pandemic.

Aurubis AG, Europe's largest copper producer, confirmed an optimistic earnings forecast for its new financial year on Friday, with expectations copper prices will be high despite the economic damage from COVID-19.

Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style frenzy, but prices were still under pressure from a stronger dollar.

London copper prices edged up on Friday, but the contract was on track for a second week of losses due to a firm dollar and demand worries from top consumer China.

A blank-check company backed by private equity firm KKR & Co Inc is aiming to raise about $1 billion in its initial public offering (IPO), a regulatory filing showed on Thursday.

The Chinese city of Shenzhen on Thursday unveiled measures to turn its jewellery-filled Luohu district into a gold-based financial hub with links to neighbouring Hong Kong, Shanghai and even London.

New U.S. Transportation Secretary Pete Buttigieg told Reuters on Thursday there are "very active" conversations between the White House, Congress and stakeholders about including assistance to the struggling transportation sector, which has sought more than $130 billion in a COVID-19 relief bill.

Canadian Prime Minister Justin Trudeau on Thursday insisted Ottawa would ensure airlines survived the COVID-19 pandemic even as industry advocates said that without a promised aid package many routes would die, crippling the economy.

Republican congresswoman Marjorie Taylor Greene expressed regret on Thursday for some of her incendiary remarks but failed to offer an apology for supporting violence against Democrats, as she faced punishment in the U.S. House of Representatives.

Argentina's main transport workers group will meet on Thursday afternoon with government officials to request that the sector be included among the "vital activities" whose participants have priority to receive the Sputnik coronavirus vaccine.

Canopy Growth Corp rolled out a new line of cannabis-infused soft chews and drops for dogs on Thursday, a week after the launch of similar products from partner and lifestyle guru Martha Stewart that recorded robust sales.

German airline Lufthansa said it had issued a 1.6 billion euro ($1.92 billion) bond on Thursday, money that will be used to repay part of a bailout given last year by state lender KfW [KFW.UL] to help it cope with the COVID-19 crisis.

In trading on Thursday, shares of Silvercorp Metals Inc (Symbol: SVM) crossed below their 200 day moving average of $6.35, changing hands as low as $6.10 per share. Silvercorp Metals Inc shares are currently trading down about 5% on the day. The chart below shows the one year

The U.S. House of Representatives is set to vote on Thursday on punishing a congresswoman who supported violence against Democrats, a showdown that forces her fellow Republicans to take a public stand on whether to show party unity and back Marjorie Taylor Greene despite her various incendiary remarks.

The Chinese city of Shenzhen on Thursday unveiled measures to turn its jewellery-filled Luohu district into a gold-based financial hub with links to neighbouring Hong Kong, Shanghai and even London.

German flagship air carrier DeutscheLufthansa had no trouble launching a dual-tranche senior unsecured transaction in the euro primary market on Thursday, with investors looking beyond the pain the sector is feeling in favour of the yields the borrower offered.