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London copper slips from 2-week high; bearish Chinese data weighs SYDNEY: London copper slipped on Tuesday from a two-week high marked in the previous session, hurt by concern over China's sluggish property sector, although expectations of more European monetary stimulus offered support. Chinese home prices fell for the second consecutive month in October from a year earlier, official data showed on Tuesday, despite government efforts to lift the market. Still, metals have held up moderately well in the face of a downturn in oil and bulk commodities markets, which suggests some investors may be using the complex to hedge against falling prices elsewhere, said analyst Daniel Hynes of ANZ in Sydney. "If we saw another strong import number on copper, that could get the market a bit more optimistic for 2015, but outside of that it's hard to see how things could significantly change." China's copper imports climbed 2.6 percent in October from a month before to 400,000 tonnes.The breakdown ...

London copper slips from near two-week high as Japan taints mood SYDNEY: London copper slipped from its highest level in a fortnight on Monday as news that Japan had surprisingly fallen into recession tainted previously buoyant sentiment following a slew of improving economic signals from the United States.Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.Slowing global growth ...
London copper hits two-week high on US growth signals SYDNEY: London copper touched its highest level in a fortnight on Monday in the afterglow of improving economic signals from the United States, although news that Japan had surprisingly fallen into recession added a note of caution.An improvement in global growth could add demand for copper, although this is expected to be offset next year as the market swings into surplus for the first year in six. "Copper looks range-bound for the rest of the ...
London copper flat as China data disappoints, raises stimulus hopes SYDNEY: London copper was steady on Thursday after evidence that China's economic growth cooled in October dented demand prospects but raised bets Beijing will have to loose further stimulus to shore up its struggling property market. Factory growth dipped and investment growth hit a near 13-year low in October, while growth in real estate investment, which affects about 40 other industries in China, cooled to 12.4 percent.Property sales and new construction continued to fall. Copper ...
London copper barely changed, seen up on Asian, euro zone stimulus SYDNEY: London copper was little changed on Wednesday after gaining about half a percent in the previous session when US markets were shut for a holiday, while zinc prices were underpinned by a strike at a Peruvian mine. Three-month copper on the London Metal Exchange traded flat $6,690 a tonne by 0313 GMT. Prices have traded in a narrow $300 band of around $6,500-$6,800 since mid-September as modestly growing demand is met by ample supply.But ...
London copper steady ahead of US payrolls SYDNEY: London copper was flat on Friday supported by easier policies in Europe and China and ahead of a key US labour report, but the metal was set to post its biggest weekly fall since early October thanks to a strong dollar. European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank's staff will prepare the groundwork, President Mario Draghi said on ...
London copper slips to near 2-week low after China data, oil rout SYDNEY: London copper slipped on Wednesday for the second day to a near two-week low and Shanghai zinc shed 2.5 percent as weak China economic data compounded a selloff that started in oil and spilled over into base metals. Growth in China's services sector weakened further in October as new business cooled, a private survey showed on Wednesday, reinforcing signs of a gradual economic slowdown that could prod the government to unveil fresh stimulus measures.Oil ...


Index Closing Chg%
Arrow DJIA 17,828.24 0.01
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Arrow Nikkei 17,459.85 1.23
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Arrow Sensex 28,693.99 0.90

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln