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Copper falls to 20-month low on Fed, weak China data LONDON: Copper fell to its lowest level in 20 months, hit by further evidence that the economy of top metals consumer China is slowing down and the US Federal Reserve's stated intention to begin scaling back stimulus measures later this year.Aluminium fell to its lowest level in more than 3-1/2 years, while nickel dropped to its lowest level in four years. Tin fell to its lowest in 9-1/2 months.Financial markets tumbled after Fed chairman Ben Bernanke confirmed that US economic growth was strong enough to begin tapering its $85 billion in monthly asset purchases later this year.Data showing China's factories showed activity slumped to a nine-month low in June, heightening the risk of a sharper second-quarter slowdown, powered metals' momentum lower.Benchmark three-month copper on the London Metal Exchange fell more than 2 percent to $6,750 a tonne, its lowest level since October 2011. It closed at $6,770, down from a ...


Wheat drops 1pc as macroeconomic concerns weigh SYDNEY: US wheat fell 1 percent on Thursday after hitting a two-week high in the previous session, amid a broad-based commodity sell-off and a firming dollar as the US Federal Reserve signalled a slowdown in the pace of bond purchases.Market sentiment was dampened further after economic data from China hinted at weakening of the world's second largest economy.Corn fell, having touched a two-week high on Wednesday, while soybeans also slid.Chicago Board Of Trade July wheat ...

London copper hits near 7-week low on Fed policy, China data SINGAPORE: London copper slid to an almost seven-week low on Thursday, dragged down by the US Federal Reserve's plan to start reducing its stimulus measures later this year and further evidence of slowing growth in China.Commodities came under pressure and Asian shares deepened losses after Fed Chairman Ben Bernanke said the central bank may reduce its bond-buying program with the goal of ending it in mid-2014 -- giving markets a more explicit timeline for the ...

ICE cotton futures edge down on long liquidation, Texas rains NEW YORK: ICE cotton closed down on Wednesday in its longest string of one-day losses in more than two weeks, as long liquidation continued and rains in Texas eased concerns over supplies in the United States, the world's top exporter.The benchmark December cotton contract on ICE Futures US settled down 0.72 cent, or 0.8 percent, at 86.60 cents per lb."We're in this summer weather market. There was some rain in Texas, which is certainly substantial," ...

Gold hits 1-month low on Bernanke's reduced stimulus talk NEW YORK/LONDON: Gold fell to a one-month low on Wednesday after the US Federal Reserve chairman said he expects to slow the pace of the central bank's bond purchases later this year and bring them to a halt around mid-2014.After trading higher most of the session, bullion prices tumbled after the Fed sharply lowered its forecast for inflation in a statement released at the end of its two-day policy meeting.The precious metal fell further after ...

Wheat jumps on short-covering; corn, soy also climb CHICAGO: US wheat futures climbed nearly 3 percent on Wednesday, their biggest daily rise since April, on buying and expectations of domestic demand for wheat as livestock feed, traders said.Corn and soybeans also advanced, led by new-crop contracts as forecasts for hotter, drier weather later this month in the US Midwest raised concerns about potential crop stress.At the Chicago Board of Trade, July wheat settled up 19.5 cents, or 2.8 percent, at $7.07 per bushel.July ...

Oil, gold dip on Bernanke stimulus remarks, grains up NEW YORK: Oil prices came under pressure on Wednesday while gold and copper fell after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures for the US economy later this year .Agricultural markets rose broadly. Wheat had its biggest rally since April on bargain buying and expectations the grain will be used as a livestock feed.The rally in farm futures helped the 19-commodity Thomson Reuters-Jefferies CRB index ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln