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London copper edges up as dollar turns lower SYDNEY: London copper edged up on Thursday, after touching a five-week trough in the previous session, as the dollar eased from nine-month peaks and relieved pressure on metals. A stronger dollar tends to weigh on commodities that are priced in the US currency because it makes them more expensive for holders of other currencies. The dollar has strengthened recently because of safe-haven buys due to escalating tension over Ukraine plus Europe's economic problems, but it retreated in thin volume on Thursday. "The European economy is now the main concern of the market.That was a key driver behind moves in the metals," said analyst Tim Radford at Sydney-based adviser Rivkin. "However, I do think there's a pretty strong likelihood that the European Central Bank will respond by the end of the year and quantitative easing would be supportive for metals," he added. Italy unexpectedly slid back into recession in the second ...

Soybeans fall on USDA condition report, wheat edges lower SYDNEY: US new-crop soybeans fell on Tuesday after the US Department of Agriculture pegged the crop condition above market expectations, while wheat edged lower for the first time in five sessions, though expectations for increased demand for US supplies provided a floor to losses.Corn fell after posting gains of 2 percent in the previous session, the biggest daily gain for the contract for nearly two months.Chicago Board of Trade November soybeans fell 0.53 percent to ...
London copper pauses as Freeport eyes exports SYDNEY: London copper opened flat on Monday after a two percent gain last week, stalling on news that major miner Freeport was set to resume concentrate exports from Indonesia after a six-month halt. Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit. A resumption in exports ...
Soybeans extend two-day gains to 2pc on dry weather concerns SYDNEY: US new-crop soybeans rose for a second straight session on Thursday to extend gains to 2 percent, as the oilseed drew support from concerns that dry weather might limit yields as old-crop stocks run tight. Copyright Reuters, 2014 ...
Australian wheat yields under pressure as dry weather seen persisting SYDNEY: Dry weather is likely to persist across eastern Australia for the next three months, the Bureau of Meteorology (BOM) said on Thursday, exacerbating stress on cattle and adding to concerns that wheat yields could suffer in the world's third largest exporter. The chance of below median rainfall between August and October is greater than 60 percent in northern Queensland, southern New South Wales and most of Victoria, the BOM said.The dry outlook threatens wheat ...
London copper hits one week top as China's growth revives SYDNEY: London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. China is the world's biggest copper user, but slowing growth in manufacturing and property has dragged on the demand outlook for the metal while a surplus is expected to seep ...
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 ...

 



 
Index Closing Chg%
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Arrow H.Seng 23,955.49 1.44
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln