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Copper slips to lowest in 3 months as dollar weighs SYDNEY: London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.But the improving data pushed up the dollar, pressuring commodities denominated in the greenback by making them more expensive for holders of other currencies."A strong dollar is no doubt part of it, that's also something that has been weighing on other commodities more generally," said analyst Daniel Morgan of UBS in Sydney."The recent economic data out of Europe has been a little bit weaker, people have gotten a little more bearish on China ... and you've obviously got continual growth in mine supply which is coming on in the ...

London copper mired near three-month lows with supply set to grow MELBOURNE: London copper was stuck near three-month lows on Wednesday as more evidence of brighter economic prospects in the United States failed to overcome jitters over Chinese growth and swelling supply of the metal. Manufacturing in China, the world's top user of most metals, unexpectedly picked up some momentum in September, even though factory employment slumped to a 5-1/2-year low, according to a purchasing managers' survey.The improvement was partly seasonal but was likely to stretch ...
Iron ore seen at $80 long term as China steel output growth slows MELBOURNE: Iron ore is likely to hover around $80 a tonne in the long term amid limited growth in China's steel output, an industry association official said on Monday, discounting any sharp recovery in prices as a supply glut weighs on the market.China would produce about 800 million tonnes of crude steel a year for the next decade, said Li Xinchuang, deputy secretary general of the China Iron and Steel Association, capping the country's demand ...
LME aluminium poised to break support at $1,980 SINGAPORE: LME aluminium is poised to break a support at $1,980 per tonne and fall further to $1,937, as indicated by a Fibonacci retracement analysis. The support is provided by the 38.2 percent Fibonacci retracement on the rise from the May 21 low of $1,754.75 to the Sept. 2 high of $2,119. The brief rebound triggered by this support has been completely reversed, indicating a resumption of the downtrend that developed from $2,119. Strategically, the ...
Copper set to end week flat on US rate hike worries MELBOURNE: London copper was set to end the week flat on Friday as concerns simmered over the timing of a possible US rate hike, while signs of slowing growth in top metals user China also dragged. The number of Americans filing new claims for unemployment benefits dropped more than expected last week, suggesting a sharp slowdown in job growth in August was an aberration and reinforcing the market's view that US interest rates will climb ...
US wheat hits 4-year low as exports plunge SYDNEY: Chicago wheat futures fell to a more than four-year low on Friday, while the December contract was headed for a third straight weekly loss, after data from the US Department of Agriculture showed weekly exports sank more than 50 percent.Soybeans also plunged to their weakest since July 2010 as favorable weather continued to drag, putting prices of the oilseed on track for a sharp 11 percent weekly drop, while corn came down as harvest ...
London copper slips as markets eye steeper US rate hikes MELBOURNE: London copper slipped on Thursday after the Federal Reserve reaffirmed US interest rates would stay low in the short term but suggested hikes may follow more quickly when they do arrive, pushing up the dollar and cutting the price of commodities. The US central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated it could raise borrowing costs faster than expected when it starts ...

 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln