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London copper mired near 1-week lows on China worries SYDNEY: London copper slipped on Tuesday to its lowest in a week after factory growth in top metals consumer China shrank in December for the first time in seven months, further curbing investor appetite for risk. Sentiment had already been soured by sliding oil prices, undermining support for metals. Crude prices plunged further on Monday after OPEC once again said it would not cut oil output despite fears of a glut, and a UAE official opposed holding an emergency meeting of the producer group to support prices. "On the demand side, China is still positioning for a deceleration," said analyst Dominic Schnider of UBS Wealth Management in Singapore. "(On falling oil) people underestimate that the cost curve comes down and people should take that into consideration next year. Supply can be stronger than people think. That means on net-net basis I still have difficulties seeing copper rising." Three-month copper on ...

LME copper shrugs off oil rout; China stimulus hopes support SYDNEY: London copper was steady on Monday, holding up despite a steep drop in crude oil, on expectations that China could move to shore up its economy and on tightening supply. Brent crude futures dropped as much as 2.5 percent on Monday to a new five-year low near $60 a barrel after the International Energy Agency forecast further price falls and OPEC's chief defended the group's decision not to cut its output target."What you're seeing ...
Wheat extends gains on fund buying PARIS/SYDNEY: Chicago wheat futures extended a rally on Friday to move above the psychological $6 barrier as buying interest from investment funds outweighed signs of large global supply and uncompetitive US export prices. Corn also rose for a second day, with the benchmark contract rising above $4 to its highest in nearly five months, and soybeans edged higher to trade close to a one-month high, with strong demand encouraging investors to overlook record supply. Chicago ...
Aluminium premiums expected to hit record high in 2015 SYDNEY: Global aluminium premiums are expected to reach fresh record highs by mid-2015 on a supply deficit in the United States and Europe, a Reuters survey showed.Premiums have surged this year, more than doubling in the United States, as a revival in auto demand spurred aluminium consumption, while smelter shutdowns and use of the metal in financing deals squeezed supply.But premiums next year will rise at a slower pace as new rules reduce queues at ...
Soybean prices edge higher, but South American output caps gains SYDNEY: US soybean futures rose on Thursday, rebounding from losses of more than 1.5 percent the day before, though gains were capped by forecasts of bumper Brazilian production.Wheat slid for a third consecutive session as global supply concerns eased, while corn edged higher, drawing some support from a lower than expected US Department of Agriculture ending stock forecast.Chicago Board of Trade January soybeans climbed 0.78 percent to $10.40 a bushel, having closed down 1.62 percent ...
Shanghai aluminium sinks to 7-month low as supply climbs SYDNEY: Shanghai aluminium plumbed its lowest level since May on Tuesday as growing overcapacity and the shaky outlook for demand in China curbed buying that had already begun to wane towards year-end. "Supply is growing steadily, with new capacity and idled plants (restarting)," said analyst Paul Adkins of consultancy AZ China in Beijing. "Demand is sputtering. It's a combination of weak macroeconomic signals and pre-year-end wind-down." The most traded February aluminium contract on the Shanghai ...
Soybeans fall as market readies for USDA report SYDNEY: US soybean futures fell for the first time in five sessions on Tuesday, edging back from a one-week high and snapping the longest winning streak in nearly four months as traders squared positions ahead of a widely watched US government report.Corn fell, extending losses into a second session, while wheat fell for the first time in four sessions.Chicago Board of Trade January soybeans, the front month contract, fell 0.36 percent to $10.40 a bushel, ...

 



 
IndexClosingChg%
ArrowDJIA 17,164.95 1.45
ArrowNasdaq 4,635.24 1.03
ArrowS&P 1,994.99 1.30
ArrowFTSE 6,749.40 0.90
ArrowDAX 10,694.32 0.41
ArrowCAC-40 4,604.25 0.59
ArrowNikkei 17,674.39 0.39
ArrowH.Seng 24,507.05 0.36
ArrowSensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln