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TOCOM bounces back on Shanghai surge TOKYO: Benchmark Tokyo rubber futures rebounded from the previous day's loss on Wednesday as surging Shanghai futures and higher overnight oil prices lent support, although gains were capped below a key 160 yen ceiling due to nagging worries about oversupply, dealers said.The Tokyo Commodity Exchange's new rubber contract for May delivery finished at 158.1 yen ($1.29) per kg, up 1.7 yen, or 1.1 percent, from its opening price of 156.4 yen.It fell more than 3 percent the previous day."Strong Shanghai rubber market backed by higher stock market helped ease investors' concerns over slowing demand in China," said Satoru Yoshida, a commodity analyst at Rakuten Securities.The most-active rubber contract on the Shanghai Futures Exchange for January delivery soared 550 yuan, or 5.4 percent, to finish at 10,775 yuan ($1,686.84) per tonne.The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.7 percent to 3,781.61, while the Shanghai Composite ...

Chinese steel exports are market-driven, says steel association SHANGHAI: China has not set out to encourage its steel firms to boost exports, the China Iron & Steel Association (CISA) said on Wednesday, amid complaints from foreign industry associations that the country was deliberately dumping surplus production on overseas markets.It is "irresponsible" of foreign steel associations to simply blame China for the problems faced by the sector in their own countries and regions, with the whole global industry feeling the pinch as a result ...
Palm oil recovers from early losses, posts first gain in 5 sessions  JAKARTA: Malaysian palm oil futures bounced back from early falls and closed higher on Wednesday, snapping four sessions of declines as bargain-hunting and a report of production drop offset a stronger ringgit.The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed more than 1 percent up at 2,300 ringgit ($546.06) per tonne.Buyers were back in the market as four sessions of losses brought prices to attractive levels, said a palm oil trader ...
Spot gold neutral around $1,076 SINGAPORE: Spot gold looks neutral around a support at $1,076 per ounce, and an escape from a narrow range of $1,064.95-$1,087.41 will point a direction.The support is provided by the 50 Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle from the Jan. 22 high of $1,306.20. Gold seems to have stabilized around this barrier. A rise above the Nov. 20 high of $1,087.41 could be extended to the ...
LME aluminium may end bounce in $1,462-$1,475 range SINGAPORE: LME aluminium may end its bounce from the Nov. 23 low of $1,432.50 per tonne in a narrow range of $1,462-$1,475 before falling, as indicated by a Fibonacci projection analysis and a falling wedge.The range is formed by the 161.8 percent and the 150 percent Fibonacci projection levels of a downward wave (C), the third wave of a three-wave cycle from the Sept. 9 high of $1,655.50.This wave has been unfolding within a wedge, ...
Shanghai copper may fall to 33,640 yuan SINGAPORE: Shanghai copper may break a support at 34,180 yuan per tonne and fall to the next support at 33,640 yuan, as the bounce from the Nov. 24 low of 33,150 yuan could have completed.The bounce has been driven by a wave iv, the fourth wave of a five-wave cycle from the Oct. 15 high of 40,200 yuan. This wave seems to have peaked around 34,810 yuan, the 23.6 percent Fibonacci retracement on the fall ...
Palm oil to fall to 2,233 ringgit SINGAPORE: Palm oil may break support at 2,262 ringgit per tonne, and fall to the next support at 2,233 ringgit, driven by a wave C.This is the third wave of a three-wave cycle from the Sept. 29 high 2,460 ringgit. It is capable of travelling to 2,140 ringgit, the 100 percent Fibonacci projection level. At least, it may extend to 2,233 ringgit, the 61.8 percent level.Immediate support is at 2,262 ringgit, the 50 percent level, ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln