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London copper slips to near 2-week low after China data, oil rout SYDNEY: London copper slipped on Wednesday for the second day to a near two-week low and Shanghai zinc shed 2.5 percent as weak China economic data compounded a selloff that started in oil and spilled over into base metals. Growth in China's services sector weakened further in October as new business cooled, a private survey showed on Wednesday, reinforcing signs of a gradual economic slowdown that could prod the government to unveil fresh stimulus measures.Oil markets recovered from multi-year lows on Tuesday but still ended down more than 2 percent after Saudi Arabia cut export prices to the United States, threatening to deepen a global supply glut that has driven prices down 30 percent since June. "It's fair to point the finger at oil. But the overarching concern now is deflation," said analyst Tim Radford at Sydney-based advisor Rivkin. "The key concern in the market was inflation, and how gold ...

London copper underpinned by Japan easing, China clouds outlook SYDNEY: London copper was flat on Monday, as support from Japan's surprise stimulus last week continued to underpin metals, but signs of fading economic momentum in top metals user China suggested gains would be short-lived. China's economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed on Monday, putting Beijing's official target for the year at even greater risk. Asia's factories are ...
London copper drops as dollar rallies on Fed comments SYDNEY: London copper led other metals lower on Thursday after encouraging comments by U.S. monetary officials on the state of the world's top economy sparked a dollar rally.The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labour market slack as "significant" in a show of confidence in the economy's prospects.A reduction in cheap liquidity weakens support for metals prices and a stronger dollar tends to weigh on ...
BHP Billiton boosts Australian iron ore production SYDNEY: BHP Billiton Wednesday reported a rise in September quarter iron ore production as the mining giant vowed to continue reducing costs amid depressed prices from a global supply glut.The world's biggest miner reported a 17 percent increase in iron ore production to 57.1 million tonnes in the three months to September compared to the previous year."Robust operating performance across our diversified portfolio in the September 2014 quarter delivered a 9.0 percent increase in production ...
London copper climbs ahead of China growth data SYDNEY: London copper edged up on Tuesday but stayed near six-month lows, with focus on data expected to show struggling economic growth in China that could boost a drive for stimulus, bolstering metals prices.FUNDAMENTALS Three-month copper on the London Metal Exchange had climbed 0.7 percent to $6,609 a tonne by 0105 GMT, paring losses of 1.2 percent from the previous session. Copper prices hit a six-month trough of $6,530 a tonne on Friday, having dropped ...
Copper slips on worries over rising stocks, China economy SYDNEY: London copper futures fell on Monday after hitting their lowest levels in six months in the previous session, hurt by worries over rising stocks, China's economic growth and the impending end of US monetary stimulus.Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market.Traders said expectations that copper would benefit from strong US economic data and Wall Street's rally on Friday - ...
Copper under pressure as supply rises and outlook dims SYDNEY: London copper was under pressure from a deteriorating fundamental outlook on Monday after hitting its lowest level in six months in the previous session, hurt by worries over the end of US monetary stimulus and rising stocks. Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market. "Copper is looking weak from a supply and demand perspective," said a metals trader in ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln