Electric vehicle maker Rivian: expect prices lower than previously announced


MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced.

The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino – RC29NE9IT0D9

Rivian founder and chief executive R.J. Scaringe told Reuters the mid-range R1T pickup truck with a glass sky panel that can change from blue to clear was about $69,000. It can travel 300 miles on a full charge. A similar range R1S SUV will sell for about $72,000.

Rivian said the large battery could go 400 miles and the smallest could go 230 miles.

Scaringe declined to say how many prospective buyers have so far spent $1,000 on a refundable deposit to hold their spot for a Rivian, but he said the reaction had been “really positive”.

“So we’re excited by that. But we now have the challenge of a lot of pre-order customers aren’t going to get the cars as fast as they like because there’s such a long queue,” he said.

Rivian, founded in 2009, made waves when it unveiled its first prototype model at the LA Auto Show in 2018. It has raised $3.6 billion and counts Amazon.com Inc (AMZN.O) and Ford Motor Co. (F.N) as investors.

Many customers at the event were excited about the designs, but Patrick Bonsi, who flew from New Jersey to see the vehicles, questioned whether Rivian would have a Tesla Supercharger-like charging network. He owns a Tesla (TSLA.O) Model 3.

“What I found with super charging is, if the Supercharger network is not made by the car company, it doesn’t charge the car as fast,” said Bonsi.

Scaringe said Rivian was working on rolling out a network of charging stations at key locations such as national parks, but that the vehicles can charge on most charging networks available today.

Brian Gase, Rivian chief engineer of special projects, and employee number four was busy showing customers the batteries, saying 7,776 of them were powering the pickup truck, and one was powering a flashlight that slides into the door, giving the car a lucky 7,777 batteries.

The first R1T trucks will be delivered starting at the end of this year, followed shortly after by the R1S SUVs, Scaringe said.

Reporting by Jane Lanhee Lee; Editing by Daniel Wallis



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Gold Prices Inch Up as Traders Weigh Trade Deal Impact on Markets By Investing.com


© Reuters.

By Alex Ho

Investing.com – Gold prices inched up on Monday in Asia amid speculation of the potential success of the U.S.-China trade deal that was signed last week.

for February delivery on New York’s COMEX traded 0.1% higher at $1,562.05 by 1:27 AM ET (05:27 GMT).

The yellow metal initially fell China agreed to purchase at least $200 billion worth of US goods over the next two yearslast week, but recovered some of its losses as analysts began to question the potential success of the deal, and the chances of the trade war recurring with both nations keeping much of the tariffs they had imposed on each other prior to the agreement.

Elsewhere, the U.S. Commerce Department reported strong U.S. housing starts and retail sales figure last Friday, reducing chances that the Federal Reserve would cut rates later this month.

The Fed slashed rates by a quarter percent point for three months back to back in 2019, before bringing that easing cycle to a halt in December. With U.S. economic data mostly upbeat now, analysts do not expect the central bank to embark on a new round of cuts unless the trade war recurs.

“Following a noteworthy positioning squeeze, the yellow metal is creeping higher once again,” TD Securities said in a note. “Along with positive expectations for growth comes the potential for inflation to creep higher, and without a commensurate Fed response, this would translate into lower real rates.”

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Drugmakers slash prices to be eligible for China’s bulk-buy program By Reuters



BEIJING (Reuters) – Global pharmaceutical majors and generic drugmakers chopped by 53% on average prices of some of their off-patent products in the latest bidding round under China’s national bulk-buy program, government officials said late on Friday.

Beijing has been pushing forward the program where drugmakers have to go through a bidding process and cut prices low enough to be considered over generic copies and be allowed to sell their products at public hospitals via large-volume government procurement.

Some global firms such as AstraZeneca (L:) and Merck (N:) have already cautioned about intensifying price pressures on their mature brands in the world’s second largest drug market, as China expands the usage of the program.

In the latest bidding on Friday that involved 33 drugs and 122 companies, Bayer (DE:) slashed the price of its popular diabetes treatment Acarbose to 0.18 yuan ($0.0262) per pill, 78.5% lower than the price ceiling set by the government in December last year, elbowing some Chinese generic providers out of the tender, according to a Reuters calculation based on the preliminary results released by the authority overseeing the program.

Bayer was not immediately available for a comment.

“Products that won bids in this round of centralized procurement saw a huge price drop, which squeezes out unreasonable overpricing that has existed in drug distribution for a long time,” the authority said in a statement published alongside the preliminary result on Friday.

Sale prices of over 100 types of commonly used drugs are on average about 17 to 18 times of their manufacturing costs, the statement said.

Chinese copycats won bids for most of the 33 drugs, including generic versions for drugs ranging from Johnson & Johnson’s (N:) prostate cancer treatment Zytiga to Eli Lilly’s (N:) erectile dysfunction treatment Cialis, the results showed.

In Friday’s bidding, for products with two bid winners, 60% of the government procurement volume can be shared among the winners, according to official document detailing the tender rules released in December. For products with four winners and more, as much as 80% of the volume can be shared among the companies.

In the first round of the nationwide implementation of the bulk-buy program in September, global drugmakers including Sanofi (PA:) and Eli Lilly managed to cut some prices low enough to levels close to those offered by local generic makers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Trade War Has Copper Prices Artificially Low, Chile Minister Says By Bloomberg


© Reuters. Trade War Has Copper Prices Artificially Low, Chile Minister Says

(Bloomberg) — The phase-one trade deal between the U.S. and China may bring some relief to exporters, helping shore up the finances of Chilean state-run producer Codelco, Mining Minister Baldo Prokurica said.

Copper prices may rally to $3 a pound, from an average of about $2.72 last year, as Washington and Beijing work to resolve their trade dispute that has ushered in a “complex period” of economic uncertainty, hurting industrial demand for the metal, Prokurica said in a phone interview.

U.S.-China tensions helped trigger a slowdown in global manufacturing, fueling concerns over the outlook for copper and keeping a lid on price gains even as inventories shrank. The two countries, the world’s biggest consumers of the metal, signed what they billed as the first phase of a broader trade pact on Wednesday. Copper prices rallied in the run-up to the agreement, and are headed for a second straight weekly gain.

“We constantly sustained our thesis, which I think has been confirmed,” Prokurica said Thursday. Copper is “artificially low because of the instability caused by the trade war.”

A resolution to the trade dispute may prompt buyers including China to rebuild their stockpiles, helping fuel the rebound in prices, Prokurica said. Inventories tracked by exchanges in Shanghai, London and New York have shrank by more than a third in the past six months.

Copper for March delivery rose 0.1% to $2.85 a pound at 11:59 a.m. in New York on Friday.

Codelco, the world’s top copper producer, hands all of its profit to the Chilean government, which decides how much it will reinvest. The company has planned to spend more than $20 billion over a decade to modernize its aging mines and prevent a looming production slump.

Read more: Chile Shuns Copper Giant Investment as Social Problems Mount

Government funding for Codelco’s modernization has taken a backseat as President Sebastian Pinera prioritizes social projects after a wave of nationwide protests against income inequality in the country. Finance Minister Ignacio Briones has said the company “can access financing via capitalization or international markets,” touching off speculation among coper traders about whether the state-run miner would consider an initial public offering.

Prokurica ruled out an initial public offering for the mining giant Thursday.

“The privatization of Codelco isn’t part of President Pinera’s government agenda,” he said. “That’s a matter of constitutional reform, and it hasn’t been raised, not in the government’s agenda, and much less now.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Oil Prices Push Higher as Chinese Data Brighten Demand Outlook By Investing.com


© Reuters.

By Peter Nurse

Investing.com – Oil prices pushed higher Friday, helped by signs the growth slowdown in China, the world’s largest importer, may be coming to an end.

At 09:00 AM ET (14:00 GMT), futures traded 0.4% higher at $58.78 a barrel, while the international benchmark climbed 0.5% to $64.92. As such, both blends are on track to end the week only a fraction below where they started it.

Earlier Friday, China reported that its gross domestic product grew 6% in the fourth quarter, meaning economic growth slowed to 6.1% in 2019. This may have been the country’s weakest growth in nearly three decades, but traders zeroed in on the monthly data for industrial production, which grew at the fastest rate since April in December, while retail sales growth stayed at 8% and fixed asset investment ticked up from a multi-year low. All those indicators point to a bottoming out of the world’s second-largest economy.

This follows on from the signing of the trade deal between China and the U.S. earlier this week, which capped – at least for now – hostilities between the globe’s two economic powerhouses which have lasted for around 18 months and damaged global growth.

“The signing of the U.S.-China trade deal has given optimism for a revival in global manufacturing, and thus stronger oil demand growth,” said Bjarne Schieldrop, Oslo-based chief commodities analyst at SEB AB, cited in a Bloomberg report. “This is what gives the oil price some vigor.”

At the same time Schlumberger (NYSE:), the world’s largest oilfield service company, also said it sees improved demand in for its services 2020, after a second half in which its U.S. operations were hit by a sharp slowdown in U.S. drilling.

“We ended the year with 2020 oil demand growth sentiment turning positive as uncertainty reduced following the progress made toward a U.S.-China trade deal,” the company said in its earnings release.

“The recent escalation of geopolitical risk should set the floor for the oil price going forward,” it added, with a nod to the stand-off earlier this month between the U.S. and Iran.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Thermal coal prices set for recovery this year as oversupply tightens By Reuters


© Reuters. Thermal coal prices set for recovery this year as oversupply tightens

By Nina Chestney

LONDON (Reuters) – Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian countries grows and oversupply tightens due to financing constraints for new capacity.

Investors widely anticipate the slow demise of coal use due to policies encouraging cleaner and renewable energy generation, as well as public pressure on companies to fight climate change and increasing divestment from coal assets.

However, the shorter-term outlook is for a resurgence in prices as oversupply is reduced.

“As 2020 gets under way there are signs that the support that international coal prices found at the tail end of last year could just be a foretaste of a market recovery in the year ahead,” said Guillaume Perret at consultancy Perret Associates.

“Although demand looks set to remain largely subdued, tightening supply, especially in the Atlantic market, could boost prices after their heavy fall in 2019,” he added.

Scant investment in the industry, difficulties securing finance and cost-cutting measures means stocks are depleting quickly which will reduce oversupply.

Physical Australian thermal coal and European benchmark coal futures lost around one third of their value last year, while European physical prices dropped by as much as 40%.

(Graphic: Physical front-month Australian (Newcastle) coal price click, https://fingfx.thomsonreuters.com/gfx/ce/7/8117/8099/Pasted%20Image.jpg)

So far this month, prices for prompt loading at Australia’s Newcastle terminal have gained 13% while front-year European API2 coal futures have risen 16%.

(Graphic: Physical front-month European (ARA) coal price click, https://fingfx.thomsonreuters.com/gfx/ce/7/8117/8099/Pasted%20Image.jpg)

(Graphic: European benchmark front-year API2 coal futures click, https://fingfx.thomsonreuters.com/gfx/ce/7/8120/8102/Pasted%20Image.jpg)

In Europe, the cheapness of natural gas, coupled with strong carbon permit prices, meant gas was more competitive than coal in power generation last year. This trend is set to continue as liquefied natural gas (LNG) supply is expected to increase further and keep gas prices under pressure.

The U.S. coal industry continues to decline due to competition from cheap shale gas and renewables, but coal use in India, Vietnam, Indonesia, Bangladesh and Pakistan is expected to continue to grow.

“We see a recovery in traditional coal markets. This sets the stage for supply to be over-cut throughout the first half of the year and, when LNG prices finally rise and winter restocking begins, coal prices could soar as they did in 2016,” said Dale Hazelton, head of thermal coal research at Wood Mackenzie.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Oil Prices Recover After Falling in Five-Week Lows on Inventory Data By Investing.com


© Reuters.

By Alex Ho

Investing.com – Oil prices recovered on Thursday in Asia after slumping to five-week lows earlier in the day after data showed petroleum stockpiles rose by 14 million barrels for a second week in a row.

U.S. gained 0.8% to $58.30 by 1:01 AM ET (05:01 GMT). International also rose 0.8% to $64.50.

Oil prices initially slumped after the U.S. Energy Information Administration said crude inventories across the country fell by 2.55 million barrels for the week ended Jan. 10. Analysts were looking for drop of 474,000 barrels.

Gasoline inventories jumped by about 6.7 million barrels, compared with expectations for a build of about 3.4 million barrels, the EIA said.

Distillate stockpiles, meanwhile, soared by about 8.2 million barrels, versus expectations for a rise of about 1.2 million barrels, the agency said. It was the biggest weekly build in distillates since September 2017.

“The builds in products continue to stun just about anyone in this market,” Investing.com analyst Barani Krishnan said. “For a second week in a row, total petroleum supply is up by an eye-watering 14 million barrels plus.”

“This is no small increase and proves that refiners are cranking out products like there’s no tomorrow,” Krishan added.

Prices then recovered somewhat after the U.S. and China signed what they billed as the first phase of a broader trade pact. officials from the two nations announced that Beijing would purchase $200 billion of U.S. goods and services over the next year under the deal, including $50 billion for energy.

China is the world’s largest buyer of oil and the United States is the largest producer of the commodity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



U.S. producer prices nudge up as inflation remains benign By Reuters


© Reuters. FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing assembly line in Camp Hill

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.

The report from the Labor Department on Wednesday came in the wake of data on Tuesday showing a small rise in consumer prices in December. Inflation has remained tame even as the unemployment rate has dropped to near a 50-year low and the longest economic expansion on record entered its 11th year.

“There is still little sign of any significant rise in price pressures at the start of the inflation pipeline, underlining our view that the Fed will keep interest rates on hold for the foreseeable future,” said Andrew Hunter, a senior U.S. economist at Capital Economics in London.

The producer price index for final demand ticked up 0.1% last month after being unchanged in November, the government said. In the 12 months through December, the PPI increased 1.3% after gaining 1.1% in November.

For all of 2019, the PPI rose 1.3%. That was the smallest gain since 2015 and followed a 2.6% increase in 2018.

Economists polled by Reuters had forecast the PPI climbing 0.2% in December and advancing 1.3% on a year-on-year basis.

Excluding the volatile food, energy and trade services components, producer prices also nudged up 0.1% in December after being unchanged in November. The so-called core PPI rose 1.5% in the 12 months through December after gaining 1.3% in November. Core PPI increased 1.5% in 2019, also the smallest advance since 2015, after rising 2.8% in 2018.

The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures (PCE) price index for monetary policy. The core PCE price index rose 1.6% on a year-on-year basis in November, and undershot the Fed’s target in the first 11 months of 2019. December PCE price data will be published later this month.

The U.S. central bank last month left interest rates steady and signaled monetary policy could remain on hold at least through this year after it reduced borrowing costs three times in 2019. Inflation could remain tame, with the government reporting last Friday that the annual increase in wage growth retreated to below 3.0% in December even as the unemployment rate held at 3.5% and a broader measure of labor market slack dropped to a record 6.7%.

Inflation has been muted despite the United States imposing tariffs on billions of dollars worth of imported Chinese goods. President Donald Trump and Chinese Vice Premier Liu He signed an initial trade deal on Wednesday, a first step toward defusing an 18-month trade war.

LETHARGIC MANUFACTURING

Washington suspended some tariffs that had been due to go into effect and halved others. U.S. duties remain in effect on $360 billion of Chinese imports, about two thirds of the total.

The trade war has hurt business confidence, pushing manufacturing into recession. Despite the easing in trade tensions, business sentiment has remained subdued.

In a separate report on Wednesday, the New York Fed said its business conditions index rose to a reading of 4.8 in January from 3.3 in December. It said measures assessing the business outlook over the next six months “suggested that optimism about future conditions remained restrained.”

While a third report from the Fed showed the economy “continued to expand modestly in the final six weeks of 2019,” the central bank said manufacturing activity was “essentially flat” in most of the 12 districts. The Fed also noted that “tariffs and trade uncertainty continued to weigh on some businesses” in many districts.

“We believe manufacturing activity will remain lethargic this year,” said Oren Klachkin, lead U.S. economist at Oxford Economics in New York. “While the U.S. and China signed the ‘Phase One’ trade deal today, we believe a resolution to key outstanding disagreements will remain unresolved.”

The dollar slipped against a basket of currencies, while U.S. Treasury prices rose. Stocks on Wall Street were trading higher, with the S&P 500 () near an all-time high.

In December, wholesale energy prices jumped 1.5% after increasing 0.6% in November. They were boosted by a 3.7% acceleration in gasoline prices, which followed a 2.3% rise in November. Goods prices rose 0.3% last month, matching November’s rise. Gasoline accounted for more than 60% of the increase in goods prices last month. Wholesale food prices fell 0.2% after surging 1.1% in November. Core goods prices ticked up 0.1% last month. They increased 0.2% in November.

“There is no evidence that tariffs provided manufacturers with the cover to raise prices,” said Conrad DeQuadros, senior economic adviser at Brean Capital in New York.

The cost of services was unchanged in December after dropping 0.3% in November. Prices for healthcare services fell 0.1% in December after slipping 0.2% in the prior month. The weakness in wholesale healthcare costs is in stark contrast with strong readings in December’s consumer inflation report.

Portfolio management fees jumped 1.9% after rebounding 1.2% in November. Those healthcare and portfolio management costs feed into the core PCE price index. Economists expect the core PCE price index rose 0.2% in December, though the year-on-year increase probably held steady at 1.6%.



Gold Prices Rebound After Two-Day Fall; U.S.-China Deal Signing Eyed By Investing.com


© Reuters.

By Alex Ho

Investing.com – Gold prices rebounded on Wednesday, snapping its recent declining streak amid fresh uncertainties surrounding the U.S.-China trade front.

U.S. gained 0.6% to $1,553.15 by 12:47 AM ET (04:47 GMT).

Traders remained cautious ahead of the phase one trade deal signing later today, as U.S. Treasury Secretary Steven Mnuchin said tariffs on Chinese goods will be in place until the completion of a phase two agreement. Citing people familiar with the matter, Bloomberg reported that the phase two negotiations is not likely to start until after the American presidential election in November.

The yellow metal surged earlier this week as U.S.-Iran tensions drew safe-haven demand. However, risk sentiment recovered after the two nations said they did not seek an escalation of war.

“A week ago Iran-US news caused a pretty significant rally in gold; and now that has subsided.” SMC Global said in a note.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Oil Prices Gain; Iran Protests, Imminent Signing of U.S.-China Trade Deal in Focus By Investing.com


© Reuters.

Investing.com – Oil prices rose on Tuesday in Asia as traders monitored news in the Middle East and developments on the Sino-U.S. trade front.

U.S. traded 0.2% higher to $58.18 by 1:15 AM ET (05:15 GMT). International also rose 0.3% to $64.38.

The situation in Tehran continued to make headlines as Iranians took to the streets to condemn the Islamic Republic’s leadership after Tehran’s forces accidentally shot down a Ukraine Airlines flight.

Oil markets jumped to their highest in almost four months earlier this month after a U.S. airstrike killed an Iranian commander on Jan. 3. Iran vowed to retaliate following the attack and launched rockets against U.S. bases in Iraq.

However, oil prices gave up some of their gainsa week after as Washington and Tehran retreated from the brink of direct conflict.

In other news, traders await the signing of the phase one trade deal between the U.S. and China this week, which could contain promises by Beijing to buy more crude from the U.S.

Markets also awaited weekly crude inventories reports from the American Petroleum Institute, an industry group, and the Energy Information Administration (EIA), an agency of the U.S. Department of Energy

Last week, the EIA reported that crude stockpiles rose by 1.2 million barrels for the week ended Jan. 3, comparing with market expectations for a decline of 3.6 million barrels

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.