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London copper climbs ahead of China growth data SYDNEY: London copper edged up on Tuesday but stayed near six-month lows, with focus on data expected to show struggling economic growth in China that could boost a drive for stimulus, bolstering metals prices.FUNDAMENTALS Three-month copper on the London Metal Exchange had climbed 0.7 percent to $6,609 a tonne by 0105 GMT, paring losses of 1.2 percent from the previous session. Copper prices hit a six-month trough of $6,530 a tonne on Friday, having dropped 10 percent this year.The most-traded December copper contract on the Shanghai Futures Exchange edged up 0.2 percent to 47,260 yuan($7,718) a tonne.China is expected to post its weakest growth since the global financial crisis in the third quarter as a property downturn weighs on manufacturing and investment, raising the heat on Beijing to unveil more stimulus measures.Germany and France sought to paper over deep differences about how to buoy a faltering European economy, promising on ...


China Sept daily steel output up 1pc on month BEIJING: China's daily crude steel runs reached 2.25 million tonnes in September, up 1 percent from August and the highest since the record 2.31 million tonnes in June, suggesting mills were still at close to full capacity despite a long price slump.China produced 67.54 million tonnes of crude steel in September, down 2 percent compared to the previous month and flat compared to the corresponding month of 2013, data from the National Bureau of Statistics ...

Soy prices rebound on slow US harvest, Brazil planting delay SINGAPORE: Chicago soybeans rose half a percent on Tuesday to snap a two-session losing streak, supported by the slow pace of harvesting in the United Stated and as dryness delayed planting in Brazil. Corn edged higher, tracking gains in soybeans, while wheat was little changed ahead of a tender by the world's top importer Egypt to buy the grain from global suppliers. Chicago Board of Trade front-month soybeans had added 0.5 percent to $9.49-1/4 a ...

Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...

Soy hits 1-week low on favourable US harvest weather LONDON: Chicago soybean futures fell to a one-week low and corn prices also weakened on Monday with drier weather in the U.S. Midwest set to allow harvesting to accelerate.Wheat prices also lost ground weighed by weakening demand from the feed sector.November soybeans on the Chicago Board of Trade were off 1.1 percent at $9.41-1/4 a bushel at 1023 GMT after earlier touching a one-week low of $9.40-1/4."The weather is looking great and it will help ...

Copper slips as Chinese growth, supply weighs SYDNEY/LONDON: Copper stayed relatively weak on Monday, struggling to make headway after sliding to six month lows in the previous session, with uncertainty over China's economic growth and a firmer dollar against its main currency rivals.Asia-based traders also noted that copper's fundamentals looked shaky compared with other base metals as a wave of fresh supply worked its way into the market.Last week's 17.5 percent increase in copper inventories monitored by the Shanghai Futures Exchange was ...

Arabicas slide on forecasts for wetter weather in Brazil LONDON: Arabica coffee futures on ICE fell almost 5 percent on Monday on forecasts for wetter weather in the coffee-growing areas of top producer Brazil.Raw sugar futures rose in light volumes in reaction to data showing that speculators had increased a net short position in the week to Oct. 14, against a backdrop of heavy supplies as the cane crush wound down in centre-south Brazil.Cocoa on ICE dipped as worries eased over the potential impact ...


 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln