Commodities

12/09/2017           10:30 am

  • The gap between Spanish and Italian government borrowing costs narrowed to its tightest level in more than two months on Tuesday on growing investor concerns over an upcoming independence vote in the Spanish region of Catalonia.
  • Asian shares hit a 10-year peak on Tuesday with investors breathing a sigh of relief as North Korean fears eased and the worst-case scenario from Hurricane Irma looked to have been avoided.
  • The benchmark 10-year Japanese government bond yield rose to a three-week high on Tuesday as risk aversion that had gripped the broader markets eased, curtailing demand for safe-haven debt.
  • Oil prices edged down on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to more crude oil processing.
  • U.S. West Texas Intermediate (WTI) crude was down 12 cents, or 0.3 percent, at $47.95 a barrel.
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