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Gold drops on China, eyes key technical support  NEW YORK/LONDON: Gold fell on Monday, dropping with equity markets after China cut its economic growth targets, and the precious metal could pull back further if it fails to hold key support after last week's sharp sell-off. Bullion fell 1 percent after China, viewed by many as the engine of the global economy, cut its 2012 growth target to an eight-year low. A disappointing survey of euro zone private-sector activity also weighed on sentiment. Gold recovered somewhat on a slightly weaker dollar, but investors remained cautious after last week's sudden 3.5 percent drop briefly sent the metal toward a key technical support level. "The bears will score a major victory if they are able to send prices below the longer-term 200-day moving average. Until then, one can expect sideways action to ensue," said Adam Sarhan, CEO of Sarhan Capital. Gold charts on a weekly basis remained weak after the metal broke below key trendline ...

Corn hits 4-month high, soy down in choppy trade  WINNIPEG: Corn prices rose on Monday due to technical buying and tight supplies while soy and wheat slipped in choppy trading ahead of a US government crop report later in the week. Weaker equities, due to China indicating slower growth ahead, weighed on all three crops, while a slightly lower US dollar underpinned the grains. Chicago Board of Trade May corn gained 0.9 percent, or 5-3/4 cents, at $6.60-3/4 a bushel. The nearby March contract , in ...
ICE canola rises on crusher buying in thin trade  WINNIPEG: ICE Canada canola futures rose on Monday as crusher buying picked up and farmer selling eased, traders said. * Total volume was 10,900 contracts, the smallest since Jan. 19. * Benchmark May rose $4.70 to $575.20 per tonne on volume of 4,762 contracts. * 55 contracts of expiring spot month March canola were delivered on Monday. * May-July spread traded 1,329 times, settling at a July premium of 70 cents. July-November spread settled at a July premium of ...
CBOT wheat ends down on profit-taking  CHICAGO: Chicago Board of Trade soft red winter wheat futures closed lower on Monday on profit-taking and position-squaring ahead of the release Friday of USDA's March supply/demand and world crop production reports. * KCBT HRW wheat closed lower on profit-taking and MGEX spring wheat ended higher on tight stocks of high protein spring wheat. * Some underpinning to wheat stemmed from a weak dollar and on spillover support from gains in corn. * The Iraqi Grain Board has ...
US cotton jumps more than 4pc SINGAPORE: Benchmark US May cotton futures rallied more than 4 percent to a high of 92.23 cents a pound on Monday after India banned exports. The move also boosted Shanghai futures by more than 1 percent. India has banned cotton exports with immediate effect, the Directorate General of Foreign Trade (DGFT) said on Monday, as the world's second-largest exporter of the fibre moves to conserve supplies for local mills. Copyright Reuters, 2012 ...
US wheat rallies on short covering after weak open  CHICAGO: US wheat futures rose on Friday, with the benchmark Chicago Board of Trade May soft red winter contract gaining 1.2 percent as investors covered short positions amid concerns about crop weather, traders said. * Kansas City Board of Trade hard red winter wheat and MGEX spring wheat also rallied. The front-month KCBT contract hit its highest level in more than three weeks during the session. * For the week, CBOT prices rose 4.7 percent, their biggest ...
CBOT corn ends up on spillover from soaring soy  CHICAGO: Chicago Board of Trade corn futures closed higher on Friday on spillover form soaring soybeans, firm cash corn markets and no deliveries on the March contract. * Informa Economics pegged Argentine 2011/12 corn production at 22.5 million tonnes, above USDA's current outlook for 22.0 million and pegged Brazilian corn production at 61.5 million, above USDA's February outlook for 61.0 million. * China should redefine its grains security policy to fully liberalise the corn trade, the ...

 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
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Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln