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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 a is a high USD, a low oil price and both of those will mean that the cost curves of a lot of these commodities will be flattening and falling ... It's just another headwind for prices," said analyst Daniel Morgan of UBS in Sydney. "Some of the base metals can hold up on their own dynamics. I'm questioning the 2015 consensus surplus on copper." Three-month copper on the London Metal Exchange was trading flat ...

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, ...
Wheat falls 1pc as supply worries ease, soybeans near 1-week high SYDNEY: US wheat futures fell nearly 1 percent on Monday, losing all their gains from the previous session, as global supply concerns eased.Soybeans edged lower for the first time in four sessions, though prices continued to hover close to a one-week high on export demand and soymeal strength.Corn also fell for the first time in four sessions.Chicago Board of Trade March wheat futures fell 0.6 percent to $5.90-1/2 a bushel by 0217 GMT, having fallen ...

 



 
Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln