Close: London Session | Forex, Metals, Oil, Agriculture December 14, 2020



Starbucks, which could also be a buyer, has not shown any past inclination to buy other coffee brands focusing on growth of its core brand. Source: Dunkin’ Brands Group Dunkin’ Brands Group, Inc. is a leading global quick service restaurant focusing on coffee and ice cream. It differs from refined sugar to the extent that the latter mainly consists of glucose and fructose, while the former contains glucose and sucrose. But this company also has high leverage, and its coffee operations are predominantly in Canada likely limiting interest.
It is different from Khandsari sugar, which is a finely granulated, crystallised sugar that contains 94-98 per cent sucrose. The company rebranded itself in 2019 to Dunkin’, focusing on selling coffee and other beverages instead of donuts. The Dunkin’ stores sell hot and cold coffee, donuts, and other baked food. Other major players in the coffee space include privately held JAB Holdings, the majority owner of .
The company owns and controls brands such as Peet’s, Caribou Coffee, and others. Unlike in refined Sugar, gur also has minerals and vitamins.


Other top currencies included the New Zealand dollar (+0.69%), the Swiss franc (+0.25%), the Japanese yen (+0.20%), and the Canadian dollar (+0.11%). The steepest rise against the US dollar was shown by the Australian dollar (+1.42%). The U.S. dollar fell, with progress on COVID-19 vaccines lifting risk appetite, while gold prices tumbled. The dollar fell, with progress on COVID-19 vaccines lifting risk appetite, while gold prices tumbled. The British pound rose 1.3% against the dollar and 1% against the euro.
The extension to talks has however boosted Sterling (FXB) which is trading up 1.3% and 1% against the dollar (UDN) and euro (FXE) respectively. We had a broad chat about the dollar, Brexit, and the euro. But the losses of the yellow metal were capped by the 0.2% decline in the U.S. dollar index, which made the bullion less expensive for investors using rival currencies. For the period between 1951 and 2007, the regression (black) line has a larger slope of $0.012 per dollar.
It is part of the larger risk-on move lifting equities and weighing on the dollar more broadly.


Also, if we compared the gold price with the S&P 500 total return index (i.e., the benchmark U.S. index), we must use the gold price expressed in USD. Therefore, if we compare the price of gold with the Dax (i.e., Germany stock market index) performance, we must use the price of gold expressed in EUR. At Tabasco, hole FA-19-086 intersected 22.73 g/t gold over 48.01 meters, and hole FA-19-086-W1 intersected 9.06 g/t gold over 40.05 meters. However, this is a leveraged bet on gold, which means that if gold rises, UGL is likely to shine.
The vast property is situated right to the east of Kirkland Lake Gold’s (KL) Detour Gold mine. The 13% decline occurred although the gold price increased by 21%, Wallbridge delivered many great drill results, moreover, it acquired Balmoral Resources, expanding its resources and exploration potential significantly. Apart from copper, the company has valuable reserves of the rare metal niobium and gold. This data tells me that 2021 is likely going to be a strong year for gold and investors will probably see another wave of gains throughout the year.
It will probably struggle for the next several months (unless the gold price returns back to the $2,000/toz level, or a new huge discovery is announced).
At today’s interest rates, this data indicates that gold futures holders are going to be seeing about 1% per year of losses from roll yield.


Crude oil prices were already creeping higher on a more positive post-vaccine economic outlook but later popped after a report of an attack on a Saudi oil tanker. BEFORE THE BELL Futures for Canada’s main stock index rose, supported by higher oil prices as traders priced in a global recovery next year. Reuters said that hedge funds and other money managers cut short positions in NYMEX crude by 2 million bbl to 60 million bbl last week. Oil is firm, with Brent (BNO) trying to solidify its hold above $50 while January WTI is firm above $47 (last week’s high was around $47.75).
**Whilst the oil and gas industry to which they service has high economic sensitivity, given the more stable nature of the midstream sub-industry, this was deemed to be average. Fox News said, “Saudi Arabia did not immediately acknowledge the blast, which struck off a crucial port and distribution center for its oil trade. Red Sea troubles | An oil tanker was hit by an explosion at the Saudi Arabian port of Jeddah, as attacks in the Red Sea mount.
Then it surely must be the recent increase in the price of oil which will support even higher payouts than the current 11% yield, no? Oil prices gained as traders priced in a global recovery next year. After registering a low of ₹2,594 in early November, the December futures contract of crude oil on the Multi Commodity Exchange (MCX) has been appreciating since then.

United States

Wall Street futures gained on the launch of the first coronavirus vaccine campaign in the U.S., while investors held out hope for more stimulus as bipartisan talks continued. The global 24/7 nature of crypto trading makes this trading business potentially even more profitable than the typical Wall Street trading operation. William Dudley, former president of the New York Fed, said that the economy is expected to bounce back powerfully in the second half of next year.
Nasdaq Futures are trading up by 47 points (up 0.4%), while Dow Futures are trading up by 197 points (up 0.7%). US stock futures are trading higher today, indicating a positive start for Wall Street indices. The four Chinese companies being removed by Nasdaq are the only ones among those on the White House list that appear in Nasdaq indexes, a spokeswoman said. As shown below, courtesy of Julien Bittel, the US stock market capitalization (price x shares) is today at 1.8X US gross domestic product.
The Trump administration’s blunt approach succeeded in kneecapping Huawei, with even non-American companies forced to comply with its broad restrictions. Companies in the SPY ETF derive over 40% of their sales abroad while companies in the IWM ETF derive around 80% of their revenues within the US. When the coronavirus pandemic hit, the US government responded by printing trillions of dollars to pay to every American who was unemployed and to make loans to businesses.


China’s CSI 300 index climbed 0.97% on the back of news that Beijing will step up its fiscal support efforts in the near term. ‘We Have No Choice but to Follow the Party.’ Xi Jinping, long distrustful of the private sector, is moving assertively to bring it to heel.


Extra mileTo the surprise of almost nobody, Sunday’s Brexit talks deadline passed without a deal, and without the end of talks. Investors are hopeful that the U.K. and the European Union will strike a trade deal after both sides agreed to continue negotiations past a Sunday deadline. Five Things Follow Us Get the newsletter Bipartisan stimulus plan is coming, vaccine delivery is starting, and Brexit talks continue past deadline. European stocks climbed as a decision to extend trade talks between Britain and the European Union kept hopes of an eventual deal alive.
Meanwhile, investors continue to dump U.K. investments on fears that Britain may crash out of its Brexit transition period without a trade deal in place.
: The Sunday deadline came and went with the EU and the UK deciding on extending the talks – or “going the extra mile” as both announced. A final Brexit without a deal could have a negative impact on the European economy, financial markets and border relations. Further, renewed Brexit optimism after the talks extended past a Sunday deadline added to the upbeat market mood.
Meanwhile, British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to “go the extra mile” to reach a trade agreement. The EU and the UK negotiators appear to be down to the fisheries issue as the sole stumbling block to a comprehensive deal.