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London copper steady; China GDP shows cooling growth SYDNEY: London copper was barely changed on Monday as markets shrugged off easing fourth quarter economic growth in China, the world's top metals consumer, and instead focused on tight supply.China's annual growth eased to 7.7 percent in the fourth quarter as investment and demand flagged, and analysts say growth could cool further in 2014 as Beijing focuses on rebalancing the economy and other major reforms. China is the biggest user of most industrial metals, accounting for around 40 percent of refined copper demand. "We expect copper to do better than a lot of people expect this year," said analyst Matt Fusarelli of AME Group in Sydney. AME sees Chinese copper demand growth at 3.5 percent this year and global demand growth at 4 percent, fed in part by a revival in demand from the United States and Europe. Prices are expected to average $7,300 in the first quarter.Three-month copper on ...

LME copper near 1 week peak, physical shortage underpins SYDNEY: London copper steadied near a one-week high on Thursday as a shortfall in physical markets underpinned prices, although prospects of aggressive action by the US Federal Reserve to curb stimulus kept a lid on gains. Strong US data and upbeat earnings from Bank of America helped offset worries of a slowdown in the world's largest economy that had been triggered by last week's disappointing payrolls report, swinging the focus back on the possibility of ...
Rio Tinto turns up mine output in iron ore, other minerals SYDNEY: Rio Tinto on Thursday recorded big increases in iron ore and other minerals it sells mainly to China, betting the country's massive economic growth will provide a ready market for decades to come.The world no. 2 iron ore miner behind Brazil's Vale did not provide guidance on its 2014 production, but is expected to reach an iron ore target of 290 million tonnes a year by mid-2014 as it seeks to feed Chinese steel ...
Copper steady, World Bank growth forecasts support SYDNEY : London copper was steady on Wednesday, with demand easing ahead of the Lunar New Year, but prices were buttressed by improving economic optimism after the World Bank raised its forecast for global growth. Copper prices have been stuck in a rut so far in 2014, capped by expectations that supply will climb as the year gets underway but underpinned by a shortfall of available metal in physical markets. "Definitely there is less demand ...
London copper drifts lower as caution on Fed stimulus drags SYDNEY: London copper edged lower on Thursday after a brightening economic picture in the United States raised prospects the Federal Reserve could more aggressively scale back stimulus, eroding support for commodities. Copper prices broke a four-month trading range to step above $7,400 a tonne in late December, but momentum has spluttered since on expectations the US will draw back stimulus and moderating growth in China, the top consumer of metals. "The dollar will continue to ...
London copper holds steady, brighter US prospects support SYDNEY: London copper was trading flat on Wednesday, hurt by evidence of economic cooling in top consumer China but buttressed by signs of a growth revival in the United States. Still, prospects are improving for the metal to post a better year in 2014 compared with last year, as global economic growth takes root and investors take a fresh look at metals, one of the worst performing asset classes last year. "We're favourable to the ...
London copper edges up as investors eye rosier growth SYDNEY: London copper edged up from near two-week lows on Tuesday as investors shrugged off a cool-down in top metals consumer China to turn more optimistic on global growth. China's economic growth slowed into year-end, data from its services sector underlined on Monday as it mirrored slower expansion in factory activity, sending prices of most metals to their lowest in between two weeks and one month. But prospects that 2014 may herald improving global economic ...

 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln