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Copper slips as dollar rallies on Fed comments and US data LONDON: Copper fell more than 1 percent on Thursday as the dollar rallied on strong US growth data and the Federal Reserve's relatively hawkish tone on monetary policy. Data showing US gross domestic product grew at a better than expected 3.5 percent annual rate in the third quarter, though the pace of growth in business investment, housing and consumer spending slowed. The dollar extended gains made the previous day when the Federal refrained from characterising the slack in the US labour market as significant. Investors perceived this as hawkish and reappraised the consensus that the Fed's first interest rate increase would be late in 2015.A strong dollar makes dollar-priced metals more costly for European and other non-US investors. Three-month copper on the London Metal Exchange traded down 1.6 percent at $6,705 a tonne in official midday rings, having firmed slightly in the previous session. "The Fed statement lent support to ...


Gold dips below $1,200/oz after upbeat Fed statement LONDON: Gold prices dipped below $1,200 an ounce on Thursday and silver slid to a 4-1/2 year low after the Federal Reserve ended its bond-buying stimulus programme with unexpectedly upbeat comments about the economy.Spot gold fell as low as $1,199.90 an ounce and was down 0.7 percent at $1,203.30 an ounce at 1447 GMT. US December gold futures were down $22.30 at $1,202.60. Silver was down 3.2 percent at $16.50 an ounce, having earlier hit ...

Vietnamese prices pick up; slow trade in Indonesia HANOI: Vietnamese coffee prices picked up this week in line with gains on global markets although trading was slow before the harvest peak next month, while thin stocks kept trading dull in Indonesia, traders said on Thursday. The 2014/2015 crop harvest in Vietnam, the world's largest robusta producer, is expected to peak in two weeks.Vietnam and Indonesia turn out about a quarter of the world's robusta. "The most difficult thing for Vietnamese businesses now, when ...

Gold slides towards $1,200/oz after upbeat Fed statement LONDON: Gold prices slid towards $1,200 an ounce on Thursday, hitting their lowest in 3-1/2 weeks, after the Federal Reserve ended its bond-buying stimulus programme on an unexpectedly hawkish note. Spot gold fell as low as $1,201.21 an ounce and was down 0.5 percent at $1,206.40 an ounce at 1015 GMT. US December gold futures were down $19 at $1,205.80. The Fed statement on Wednesday sent the dollar to its highest since Oct. 6, while ...

Copper falls 1 pct as dollar rallies on Fed comments LONDON: Copper fell more than 1 percent on Thursday as the dollar rallied after the US Federal Reserve sounded a relatively hawkish tone on monetary policy, though losses were limited by gains in Chinese equities. The Federal Reserve retained its guidance Wednesday that overnight borrowing costs would remain near zero for a "considerable time", but it dropped a characterization of the US labour market slack as "significant". Investors perceived this as a show of confidence ...

TOCOM ends up 1.3pc; hits two-month high TOKYO: Benchmark Tokyo rubber futures ended up 1.3 percent on Thursday after touching a two-month high on the back of a weaker yen after the Federal Reserve surprised markets with a more hawkish policy tone and signalled its confidence in the U.S. economic recovery.The Fed on Wednesday ended its monthly bond purchase programme and dropped a characterisation of U.S. labour market slack as "significant" in a show of confidence in the economy's prospects.Against the yen, ...

NY cocoa may retest support at $2,893 SINGAPORE: New York December cocoa may retest a support at $2,893 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.Cocoa is riding on a wave C, the third wave of a three-wave cycle that started at the Sept. 25 high of $3,399. This wave is capable of travelling to $2,806, its 100 percent Fibonacci projection level.The support at $2,893, the 76.4 percent level, has triggered a moderate rebound, which may be ...


 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
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Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln