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London copper slips; China optimism supports prices SYDNEY: London copper edged lower on Thursday as traders took profits after buoyant Chinese trade data and optimism sparked by comments from the new Federal Reserve chair helped prices rally one percent in the previous session. China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some scepticism about the data but allaying fears of a deepening economic malaise in the world's top metals user. The data built on risk appetite that picked up after Federal Reserve Chair Janet Yellen suggested the central bank would not veer too aggressively towards tightening, suggesting liquidity for commodity friendly stimulus may be cheaper for longer. "There was some exuberance yesterday it was more relief that China's export numbers did not reflect to the same extent the dismal PMIs," said analyst Vishnu Varathan of Mizuho Bank in Singapore.China's four monthly purchasing managers' indexes all showed growth ...

Shanghai copper sinks to two-month low on slow Chinese demand SYDNEY: Shanghai copper slid to its lowest in more than two months on Tuesday, with factories in the top metals user ramping up only slowly after the Lunar New Year break, curbing consumer demand. China's export and import growth likely cooled in January, a Reuters poll showed, underlining a broader slowdown in the world's second-largest economy, though the holiday effect may overstate the soft momentum. Underlining tepid demand from China consumers, domestic copper prices have ...
London copper eyes biggest weekly gain of year on growth hopes SYDNEY: London copper was set on Friday to post its largest weekly rise this year after encouraging signs in the US labour market boosted optimism about global growth, while Shanghai copper rose in its first session back from China's week-long break. The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labour market outlook and the broader economy. The unemployment data comes ahead of ...
Wheat firm, still set for biggest 2 month slide in two years SYDNEY/PARIS: US wheat edged higher for a second consecutive session on Friday but was still poised for its biggest two-month slump in more than two years as bumper global crops weigh on prices.Soybeans were little changed, still under pressure from improving crop prospects in South America, while corn ticked lower after posting its biggest single session rally in three weeks on strong export demand.Chicago Board of Trade March wheat futures rose 0.09 percent to $5.54 ...
London copper sinks to 7-week low on tapering anxiety SYDNEY: London copper sagged to its lowest in seven weeks on Monday as concerns over imminent cuts to the Federal Reserves's bond buying programme and turmoil in emerging economies spilled across into commodities. Copper last week logged its biggest weekly drop since mid-November after evidence that slow growth in China at the end of 2013 had stretched into this year. Expectations the US will continue scaling back its stimulus has also roiled emerging markets, souring ...
Australian grains competition heats up as GrainCorp rivals circle SYDNEY: Still rattled by the veto of a A$2.8 billion ($2.5 billion) takeover by Archer Daniel Midland, Australian grains handler GrainCorp is facing aggressive competition that could cut costs for farmers but hit earnings at the country's biggest listed agribusiness.Lower costs could also help Australia, the world's second-biggest wheat exporter, fend off a challenge from lower cost producers such as the United States in its key Asian markets, including Indonesia, South Korea and Japan.GrainCorp operates ...
LME copper steady, physical shortage lends support SYDNEY: London copper was trading flat on Wednesday as expectations the US Federal Reserve may scale back stimulus measures next week reduced the allure of commodities, but a shortage of refined metal buttressed prices. Since opening at seven-month highs, copper prices have stalled this year as seasonally slow demand in China, and prospects of less cheap capital in the United States diminish appetite for commodities. China, the world's top copper consumer, celebrates new year at ...


Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln