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Gold steadies on soft dollar, set for biggest monthly loss since Sept LONDON: Gold steadied on Friday, due to a softer dollar, but was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat US data supported expectations of a rate hike by the Federal Reserve this year. Gold has fallen more than 7 percent from a five-month high above $1,300 an ounce hit in January as expectations of a US rate increase hurt its appeal as an insurance against risk. Spot gold was up 0.1 percent at $1,210 an ounce by 1310 GMT, while US gold futures were unchanged at $1,209.20 an ounce. Spot prices have gained 0.6 percent on the week, but have fallen nearly 6 percent in February. "If the Fed really hikes interest rates in the second quarter and you can't really discount that entirely, there is still that shorter-term target that you could go towards $1,150," Bank of America-Merrill Lynch ...

Raw sugar dips before expiry, arabicas firm LONDON: Raw sugar futures inched lower on Friday, with dealers focused on a likely large delivery against expiry of the ICE March futures contract, while arabica coffee edged up on chart-based buying. Cocoa futures were little changed, underpinned by expectations of tight supplies from No. 2 grower Ghana. Raw sugar futures eased in light volumes, with dealers expecting a big delivery against expiry of the March contract, likely to include Brazilian and Central American sugar. ...

Russia's February wheat exports plunge 57pc after tax imposed MOSCOW: Russia's wheat exports have fallen 57 percent year-on-year in February after the government imposed a tax on the shipments on Feb. 1, the Agriculture Ministry said on Friday, reducing the chance of an increase in the tax in March.Russia, a large wheat exporter to North Africa and the Middle East, imposed the tax on wheat exports to try to curb shipments and cool domestic wheat prices, boosted by a slump in the rouble."As a ...

Brazil's Agroconsult raises soy crop forecast to 94.7mn tonnes SAO PAULO: Brazil's current soybean crop is forecast at 94.7 million tonnes, up 828,000 tonnes from a January estimate as bumper harvests in the south made up for isolated drought losses in the center-west, Agroconsult analysts said Thursday.Agroconsult also forecast a first corn crop of 29 million tonnes this season and a second crop of 50 million tonnes.Copyright Reuters, 2015

Argentina forecasts record 2014/15 soy crop of 58mn tonnes BUENOS AIRES: Argentina's 2014/15 soy crop was estimated by the government on Thursday at a record 58.0 million tonnes, up from 53.4 million in the previous season.The Agriculture Ministry gave the forecast in a statement that also said 2014/15 corn was expected at 30.0 million tonnes, down from 33.0 million in the 2013/14 crop year.Harvesting of 2014/15 soy and corn is well advanced throughout the Pampas grains belt.Copyright Reuters, 2015

CBOT wheat ends higher in rebound from four-month low CHICAGO: Chicago Board of Trade wheat futures closed higher Thursday on bargain buying after the spot contract fell to its lowest since October, traders said.Export data lent support. USDA reported weekly export sales of US wheat at 328,300 tonnes for 2014/15 and 130,700 for 2015/16, topping trade expectations for combined-year sales of 200,000 to 400,000 tonnes.Weekly sales of soft red winter wheat, the type traded in Chicago, totalled 110,251 tonnes for 2014/15, the second-most since ...

CBOT soybeans rise on Brazil strike concerns CHICAGO: Chicago Board of Trade soybean futures rallied 1.6 percent on Thursday on renewed concerns that a strike by truckers in Brazil could delay shipments of supplies from a record harvest there, traders said.CBOT March soybeans closed just 1/2 a cent below its session highs. Prices hit technical resistance at the high end of the 20-day Bollinger range and failed to take out Tuesday's high of $10.29.Soymeal futures also rose, closing at session highs as ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln