Nasdaq Commodities

Shares in European luxury goods makers suffered heavy losses on Tuesday as investors took profit after a stellar run for the sector amid signs of weakening demand in United States.

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

Around 100 protesters blocked entry to planes on exhibition on a tarmac at Europe's flagship business jet event near Geneva Airport and briefly interrupted air traffic on Tuesday to demand a ban on private jets over their climate impact.

Boeing Chief Executive Dave Calhoun on Tuesday said that planemakers were unlikely to introduce all-new jet designs before the mid-2030s, citing the pace of emerging propulsion and wing technology.

The head of Qatar Airways voiced scepticism on Tuesday over an aviation industry target of achieving net-zero emissions by 2050, citing inadequate capacity for sustainable aviation fuel and alternative hydrogen technology that remains in its infancy.

Uralchem, Russia's biggest potash and ammonium nitrate producer, expects the opening of an ammonia export terminal near the Black Sea to make a pipeline across Ukraine much less important.

Malaysian palm oil futures fell on Tuesday for a second session, hitting their lowest closing in over three weeks, as slower demand and expectations of higher production weighed on the market.

Lowe's Cos Inc cut its annual comparable sales and profit forecasts on Tuesday, as demand dwindles for home improvement goods with high inflation forcing consumers to cut back on discretionary spending.

Copper prices touched a near six-month low on Tuesday as speculators boosted bearish positions amid worries of recession and weak demand in top metals consumer China.

An importer group in the Philippines is believed to have bought around 40,000 tonnes of animal feed wheat in an international tender issued last week, European traders said on Tuesday.

South Korea is resuming imports of German pork after suspending them for more than two years following the discovery of African Swine Fever (ASF) in Germany, the German agriculture ministry said on Tuesday.

London Metal Exchange (LME) inventories of aluminium jumped by over 20,000 tonnes in Gwangyang, South Korea, a location that has seen large gains in recent months, data showed on Tuesday.

German flagship carrier Lufthansa signed a contract to purchase four additional Airbus A350-900 long-haul planes, the company said on Tuesday.

Buyers in the United States have recently purchased about 210,000 tonnes of European Union origin wheat expected to be sourced from Poland and Germany, European traders said on Tuesday.

India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday.

Cathay Pacific Airways Ltd apologised on Tuesday after a passenger accused its flight attendants of discriminating against non-English speakers in an online post that went viral on Chinese social media.

Buyers in the United States have recently purchased about 210,000 tonnes of European Union origin wheat expected to be sourced from Poland and Germany, European traders said on Tuesday.

Bain Capital's Virgin Australia airline is aiming for a A$1 billion listing on the Australian Securities Exchange (ASX) in November, according to a source with direct knowledge of the matter.

Yara International will build a plant in Britain to expand the group's output of specialty crop nutrition products and biostimulants designed to increase farm yields and improve quality, the Norwegian fertiliser maker said on Tuesday.

India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday.