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London copper drifts ahead of Easter break MELBOURNE: London copper drifted towards two-week lows on Thursday as traders showed little urgency to lock-in stocks given sluggish demand growth in top consumer China, instead squaring positions ahead of a four-day Easter weekend in some countries.Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus. Slowing economic growth in China has dampened industrial demand for copper, keeping a lid on prices."We're expecting relatively flat demand growth in China this year," said analyst Matt Fusarelli of minerals consultancy AME Group. AME Group sees China copper demand at 11.3 million tonnes this year.Three-month copper on the London Metal Exchange had eased 0.2 percent to $6,035.50 a tonne by 0131 GMT, after closing little changed in the previous session. Prices on Wednesday fell to their weakest since March 20 at $5,952.50 a tonne.The most-traded June copper contract on the ...

London copper steadies as consumers baulk at higher prices MELBOURNE: London copper steadied on Monday as last week's run up in prices blunted consumer buying, while liquidity thinned ahead of a holiday-shortened week in many countries.Buying from top consumer China has been tepid, with an initial gauge of Chinese factory health in March suggesting industrial activity has not picked up pace."The recent moves in base metals prices were a combination of supply outages and a bit of short-covering," said analyst Joel Crane at Morgan ...
London copper off 2-1/2 month peak on slightly firmer dollar MELBOURNE: London copper slipped on Wednesday from more than two-month highs hit the previous session as the dollar firmed, but expectations of falling mine supply supported prices.The dollar clung to modest gains early in the session, partly after U.S. consumer prices rebounded in February keeping the Federal Reserve on course to raise interest rates this year.A stronger dollar erodes the purchasing power of buyers paying with other currencies.Copper demand from top consumer China is picking ...
London copper comes off 2-1/2 month high after China flash PMI MELBOURNE: London copper hit the highest in more than two months on Tuesday, as a weaker dollar fuelled chart-based buying, before giving back most of its gains after a weak reading on factory health in top consumer China.Activity in China's factory sector dipped to an 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness that will likely add to calls for more policy easing."People are still questioning the strength ...
Copper bounces from 2-week low as bank news sparks short-covering MELBOURNE: London copper bounced off early two-week lows on Monday after some Chinese banking stocks soared on hopes Beijing would grant more brokerage licences, which forced copper shorts to cover and offset the impact of gloomy Chinese imports and a strong dollar.China said it was considering issuing banks with brokerage licences as part of financial reforms, which sent stocks of banks up sharply.The gains in metals came despite the dollar's strength after Friday's jobs report ...
Wheat extends gains into third session, near one-week high SYDNEY: US wheat futures rose for a third consecutive session to hover close to a one-week high as the grain drew continued support from concerns about potential damage to US supplies.May wheat rose 0.6 percent to $5.16 a bushel, having closed up 2.5 percent on Friday when prices hit a one-week high of $5.17-3/4 a bushel.Chicago Board Of Trade May soybeans rose 0.2 percent to $10.33-1/4 a bushel, having firmed 0.5 percent on Friday when ...
Glencore cuts Australian coal output on weak demand, supply glut SYDNEY: Mining and commodities giant Glencore Xstrata on Friday said it was reducing its coal production in Australia by 15 million tonnes amid weak global demand and oversupply.It is understood that up to 120 jobs at Glencore's 13 Australian mines could be affected as a result of the cuts, which will include scaling back some operations and deferring projects.The announcement follows the Swiss company's decision to shut its mines for three weeks over the Christmas ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
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Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln