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London zinc, aluminium near peaks as investors buy SYDNEY: London zinc and aluminium were holding near recent highs on Wednesday after a flurry of interest from investors, but given a seasonal slowdown in demand, some wondered just how much further prices could run.Traders took some profits in Shanghai, suggesting downward pressure could drag on global prices later in the session."At the moment, it's pure momentum after the technical signals got sparked - but fundamentally there are questions," said analyst Dominic Schnider of UBS Wealth Management in Singapore. "We still have a modest overweight in zinc, but it can overshoot. At $2,450-$2,400 that risk for an overshoot is still there, but as we reach these levels I'm really wondering, where is the upside? We still have inventories around." Three-month zinc on the London Metal Exchange held steady at $2,360 a tonne by 0204 GMT, not far from its peak of $2,375 hit the day before which was its loftiest ...

Shanghai copper slides to near 2-week low on speculative selling SYDNEY: Shanghai copper fell to its lowest in nearly two weeks on Tuesday and dragged down London copper, with traders who follow chart-based strategies selling as a month-long rally appeared to sputter. London copper had surged 9 percent from June lows to hit a four-and-a-half month high of $7,212 a tonne on July 8 but has failed to build on the gains, despite generally improving economic sentiment. "We've had a pretty strong run - it's ...
LME copper hovers near 5 month peak, consolidates gains SYDNEY: London copper prices steadied on Wednesday near their highest in almost five months, underpinned by shrinking supply and improving prospects for global growth. Copper prices have rallied more than seven percent since mid June to above the $7,000 a tonne mark, driven by a lack of supply and a cheerier chart picture that has encouraged fund buying. China's moves to loosen monetary policy have also fed copper's rally, which may stretch further after Wednesday's ...
London copper steady, remains below 4-1/2 month peaks SYDNEY: London copper steadied on Tuesday, but remained below four-and-a-half month highs seen last week after a surprise drop in German industrial production tempered demand expectations. The dollar eased and global equity markets fell on Monday after the drop in German industrial output cooled a rally that sent various stock indices to record highs last week. Germany's industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, ...
Wheat falls, set for quarterly loss of 16pc ahead of USDA report SYDNEY: US wheat futures, set to post its biggest quarterly loss in three-years, fell on Monday as traders squared positions ahead of a US Department of Agriculture report expected to show domestic stocks at a six-year low amid ample global supplies.Corn fell as the front-month contract was poised to finish the quarter down 12 percent, the sixth quarterly slide in the last seven, while soybeans was set to finish the quarter down 2.5 percent despite ...
London copper eyes second monthly rise on tight supply SYDNEY: London copper eased on Monday in thin trade and as seasonal demand waned, but was still set to log its second straight monthly rise on a shortfall in metal supply. The global copper market was expected to swing into a surplus in 2014 for the first time in four years, but a ban on ore exports from Indonesia and lower than expected metal production in China has curbed supply, underpinning prices."There is still demand ...
London copper slips but set for 2nd weekly gain on supply concerns SYDNEY: London copper edged down on Friday after rising 1 percent over the past two days but was on track to gain for the second straight week, underpinned by concerns about a shortfall in supply. The concerns have also helped push copper prices close to their highest since early March and could even lift them to their second consecutive monthly gain. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper & ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln