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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 earlier than had been expected. Rising interest rates would curb liquidity available to industry and investors, while fueling dollar prices - making commodities more expensive for holders of other currencies. But a stronger US economy would support metals demand longer term, said analyst Lachlan Shaw of Commonwealth Bank in Melbourne. "Rising rates in the US are going to go with improving macro growth in the housing sector which will stimulate demand. (But) China's property slowdown ...

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 ...
London copper up as Fed rate hike expectations unwound MELBOURNE: London copper climbed on Wednesday to near its highest in a week as investors backed away from expectations the Federal Reserve would bring forward its timeline to raise interest rates at the end of its two-day meeting later in the session. The Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, although it might qualify them.The phrase has become a touchstone for ...
London copper inches up, Fed meeting in focus MELBOURNE: London copper edged up on Tuesday from near three-month lows, as traders squared their books ahead of a Federal Reserve meeting that is expected to offer clues on when US interest rates will climb.London Metal Exchange aluminium, nickel and zinc all rose around 1 percent, with lead up around half a percent, although traders noted that volumes were lower than usual. "There's an element of retracement from yesterday's weakness and possibly a bit of ...
LME copper near 3 month low on China growth jitters MELBOURNE: London copper slipped towards three-month lows on Monday after growth at China's factories stumbled to its weakest in nearly six years in August, fuelling concerns over its metals demand. As well as weakening growth in China's factories, growth in other key sectors also cooled, raising fears the world's second-largest economy may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures. "It's going to be a messy day I think," said ...
LME copper holds near 1 month low as stock build looms SYDNEY: Copper was perched above one-month lows on Thursday but looked vulnerable to fresh losses as cracks appeared in global economic growth, while expectations supply will rise towards year-end also kept a lid on prices. An abrupt slowdown in China's credit growth as well as wobbles in Europe's economy as result of sanctions over the Ukraine are threatening to derail global growth and casting a pall over metal demand. Added to these concerns are worries ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln