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Palm pressured by weak crude, market watching monsoon impact KUALA LUMPUR: Malaysian palm oil futures dropped on Friday, tracking falls in crude oil prices and competing vegetable oil markets, although losses were limited by concerns that monsoon rains could curb output in December.The benchmark February contract on the Bursa Malaysia Derivatives Exchange closed 1.1 percent lower at 2,171 ringgit ($621) per tonne. Prices had fallen to a one-week low of 2,119 ringgit on Tuesday.Total traded volume stood at 46,017 lots of 25 tonnes, above the daily average of 35,000 lots.Brent crude futures fell to its lowest level in more than five years below $63 a barrel, under pressure from a glut of oil in the market. Low crude prices raised concern that buyers could shift fuel demand away from palm.Also, market participants expect December monsoon rains and flooding to significantly curb yields of palm fruit and reduce oil extraction rates."Demand is expected to garner momentum in the first quarter ...


Japan Aluminium stocks hit record high on increased imports TOKYO: Aluminium stocks held at three major Japanese ports rose for an eighth straight month to hit a record high at the end of November on rising imports and softer demand at home. Aluminium stocks held at Yokohama, Nagoya and Osaka rose 14 percent in November from a month earlier to 378,000 tonnes, the highest level in data going back to April 2000, trading house Marubeni Corp said on Friday. "An increased number of aluminium ...

Arabicas dip on Brazil rains, sugar steadies LONDON: Arabica coffee on ICE dipped on Friday after rain in top grower Brazil relieved stress on parched trees, while raw sugar futures steadied as the cane crush in the same country drew to a close. Cocoa firmed in light dealings, consolidating after sinking about 3 percent on Thursday, with the December contract in London expiring at 1200 GMT on Friday."The outlook for weather in Brazil is the main driver of the arabica coffee market," ...

ArcelorMittal, Tata Steel to start hedging iron ore LONDON: Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said ArcelorMittal hedged a block of iron ore trades in September while Tata recently decided to use derivatives on a small scale next year. "Arcelor are definitely trading iron ore swaps, they ...

Wheat extends gains on fund buying PARIS/SYDNEY: Chicago wheat futures extended a rally on Friday to move above the psychological $6 barrier as buying interest from investment funds outweighed signs of large global supply and uncompetitive US export prices. Corn also rose for a second day, with the benchmark contract rising above $4 to its highest in nearly five months, and soybeans edged higher to trade close to a one-month high, with strong demand encouraging investors to overlook record supply. Chicago ...

Gold set for biggest weekly rise in 6 months as stocks, dollar slip LONDON: Gold edged lower on Friday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June as the dollar retreated and sliding oil prices hurt risk appetite and stocks. Gold is up nearly 3 percent so far this week, following a 2.1 percent jump the previous week. Falling stock markets have prompted some investors to buy the metal as an alternative asset, while a drop in the ...

Copper edges up on China stimulus hopes after weak data LONDON: Copper rose on Friday on hopes that China would unleash more stimulus measures after factory output growth slowed more than expected in the world' top metals consumer. Zinc pared losses on buying interest by investors expecting shortages to develop next year. China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion near a 13-year low, putting pressure on policymakers to unveil stronger support measures. "I ...


 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln