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LME copper slips from two-week top; China data supports SINGAPORE: London copper drifted lower on Wednesday from near two-week highs hit in the previous session, as traders took profits on short-covering gains, while improving trade data from top consumer China underpinned expectations of metals demand.China's total exports were in line with forecasts in March, though imports posted a surprise jump and the country recorded a trade deficit. That was taken as a sign that domestic demand may be picking up and reinforced views of a gradual recovery underway in the world's second-largest economy."We've probably seen the lows in many of the base metals for now," said economist Alexandra Knight of National Australia Bank in Melbourne."We're still seeing a modest recovery in the US and we expect economic growth in China to extend over the first half, so there's plenty of support for demand," she added.Three-month copper on the London Metal Exchange slipped 0.37 percent to $7,597 a tonne by ...

Indian gold trades flat; jewellers look for bargains MUMBAI: Indian gold futures traded steady on Tuesday in line with global markets, with traders looking for bargains as weddings and festivals neared.At 0948 GMT, the actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was 12 rupees lower at 29,528 rupees per 10 grams.Global gold pared early losses, but the metal was under downward pressure after US stocks gained ahead of an earnings season that is expected to show modest growth."Buying ...
LME aluminium rebound to end around $1,909 SINGAPORE: LME aluminium is expected to edge up to a resistance at $1,909 per tonne, only a break above which could lead to a further gain to $1,920.The resistance is provided by the 50 percent Fibonacci retracement on the fall from the March 25 high of $1,956 to $1,862.75.It seems the rebound from $1,862.75 has been shaped into a rising wedge, which consists of five smaller waves labelled a, b, c, d and e.The wave ...
CBOT soybeans to rebound to $13.94-1/2 SINGAPORE: CBOT May soybeans are expected to rebound to $13.94-1/2 per bushel, a break above which will lead to a further gain to $14.07.The rebound followed the completion of a wave C which fell from the March 28 high of $14.59-3/4. A Fibonacci retracement analysis reveals this wave has travelled above a resistance at $13.79-1/4, the 23.6 percent level, and the next resistance will be at $13.94-1/2, the 38.2 percent level.A drop from the current ...
Wheat eases as US crop rating improves; corn, soy firm SINGAPORE: Chicago wheat edged lower on Tuesday, snapping two consecutive sessions of gains and falling from a nearly two-week high as improvement in US winter crop ratings weighed on the market.Corn rose for a second day in row as wet weather in key growing areas across the US Midwest threatened to delay the start of planting this week.US winter wheat condition ratings improved in the latest week but hovered at the lowest level for this ...
CBOT corn to rebound to $6.52-3/4 SINGAPORE: CBOT May corn is expected to rebound to $6.52-3/4 per bushel, as a temporary bottom could have formed around the April 5 low of $6.28-1/2.A Fibonacci retracement analysis on the fall from the March 27 high of $7.37-3/4 to $6.26-1/2 reveals an immediate target at $6.52-3/4, the 23.6 percent level.The hourly MACD has climbed into the positive territory, indicating the bears have retreated and the bulls are temporarily taking control.Support is at $6.29-1/2, a ...
Iron ore at near 1-month high, Shanghai rebar gains for 3rd day SINGAPORE: Shanghai steel futures rose for a third straight session on Tuesday amid signs that demand in top consumer China is picking up, lifting iron ore prices to near one-month highs as mills stocked up on the raw material.Chinese producers increased daily output of crude steel to 2.072 million tonnes in the last 10 days of March from 2.064 million tonnes in the preceding 10-day period, industry data showed on Monday, banking on firmer demand ...

 



 
Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln