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TOCOM rises to 1-week high on technical rebound TOKYO: Benchmark Tokyo rubber futures rose to a 1-week high on Thursday, helped by an overnight rise in oil prices, technical rebound buying, and gains in the Shanghai market, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have been weighed down by worries about oversupply and weakening demand in China, the world's biggest buyer.The TOCOM rubber contract for June delivery finished 5.5 yen higher at 201.4 yen ($2) per kg, the highest since Jan 14."The market got a lift after an increase in offer prices by producers in Thailand. I think the gain was more to do with a technical rebound as there was no new fundamental news," said Toshitaka Tazawa, an analyst at Fujitomi Co.Thailand, Malaysia, Vietnam and several other rubber-producing countries will see the onset of the wintering season, when trees shed leaves, from February through April. In Indonesia, ...

Palm drops to 3-week low; supply woes lend support KUALA LUMPUR: Malaysian palm oil futures dropped to their lowest level in three weeks on Thursday as the ringgit ticked up and crude oil prices continued to languish, but tight supplies of palm after flooding provided some support.The drop in crude oil prices, which have more than halved since June, coupled with poor demand for palm oil in January left the tropical oil struggling to find strong support after breaking below 2,300 ringgit on Wednesday.The ...
China's output of copper, aluminium hits record in Dec HONG KONG: China's output of refined copper jumped 10.2 percent month-on-month in December, hitting a record for the fifth straight month as smelters rushed to meet targets for the year and plentiful supply of raw materials supported full production.Primary aluminium production also hit a record in December.Refined copper output reached 832,618 tonnes, up from the previous record 755,492 tonnes in November, data from the National Bureau of Statistics showed on Thursday.The output surged 34.3 percent ...
TOCOM ends up 0.6pc on weak yen, China GDP TOKYO: Benchmark Tokyo rubber futures extended gains on Tuesday, finishing up 0.6 percent, as the market got support from a weaker yen and data showing China's economic slowdown was not as bad as investors had expected.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, were still down around 9.4 percent from a six-month high hit two weeks earlier that came amid worries over supplies from flood-hit major producers ...
Gold near 4-month high on worries over Europe, global economy SINGAPORE: Gold held firm just below a four-month high on Tuesday, underpinned by safe-haven bids on market volatility stoked by uncertainty over Europe's economy and global growth worries.Traders were awaiting the European Central Bank policy meeting this Thursday, which could see the unveiling of a bond-buying stimulus package.The Sunday election in Greece, where the anti-bailout party Syriza maintains a lead in the polls, also added to nervousness in the market.Spot gold was steady at $1,277.10 ...
Palm edges up on near 6-year low ringgit, but struggles with grim outlook KUALA LUMPUR: Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.Industry experts say palm prices face a volatile year in 2015 and will be driven by global demand factors, including uncertain market movements in crude and rival edible oils. The ...
Gold near 4-month high on fund inflows, safe-haven bids SINGAPORE: Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in nearly five years.A market rout after Switzerland unexpectedly abandoned a cap on the franc last week triggered strong bids for gold, often seen as an alternative investment to risky assets.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 1.92 ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln