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London copper rebounds from near two-month low SYDNEY: London copper edged higher on Monday, bouncing off last week's near two-month lows, as traders built up stocks on fresh signs of economic recovery in the United States and a view that the sell-off after weak Chinese data was too heavy. A recovery in copper prices that began in mid-March ran out of steam over summer, with prices seen capped as mines ramp up shipments to year-end. Suspected metals fraud in China has also cut access to credit, curbing demand from the top metals user. Still, "copper is probably the one that has been a bit oversold (based on) the Chinese data last week and it's now getting to a relatively attractive level so it's not surprising that we're seeing a little bit of a bounce," said ANZ strategist Daniel Hynes in Sydney. "In our view, fundamentals are improving, which opens up the scenario of upside surprise, if some ...

Copper drops towards 6 week lows, geopolitics clouds outlook SYDNEY: London copper skidded to within sight of its lowest since June on Tuesday, as concerns over geopolitical tensions in Iraq and Ukraine clouded the outlook for demand amid thin summer trade. Copper prices have been hemmed in a range of $6,950-$7,210 per tonned since July, with demand cooling over the northern hemisphere summer and with a squeeze on metal supply beginning to ebb as key smelters in China and South Korea restart after maintenance. ...
Wheat extends losses into 4th session, USDA report in focus SYDNEY: US wheat futures fell for the fourth straight session on Tuesday, recording their longest losing rally in a month as concerns over export disruptions from the Black Sea region eased.Corn fell on expectations that the US Department of Agriculture would confirm bumper domestic production, while soybeans also edged lower despite a surprise deterioration in crop quality last week.Chicago Board of Trade September wheat futures had dropped 0.64 percent to $5.43 a bushel by 0243 ...
London copper climbs above $7,000 as geopolitical tensions cool SYDNEY: London copper edged up on Monday as appetite for risk grew following a move by Russia that soothed tensions over the Ukraine, while optimism over the outlook for China's economy underpinned demand. Russia's defence ministry said on Friday it had finished military exercises in southern Russia, which the United States had criticized as a provocative step amid the Ukraine crisis. "The whole geopolitical theme has permeated quite strongly through the markets ... Base metals ...
London copper edges up as dollar turns lower SYDNEY: London copper edged up on Thursday, after touching a five-week trough in the previous session, as the dollar eased from nine-month peaks and relieved pressure on metals. A stronger dollar tends to weigh on commodities that are priced in the US currency because it makes them more expensive for holders of other currencies. The dollar has strengthened recently because of safe-haven buys due to escalating tension over Ukraine plus Europe's economic problems, but it ...
Soybeans fall on USDA condition report, wheat edges lower SYDNEY: US new-crop soybeans fell on Tuesday after the US Department of Agriculture pegged the crop condition above market expectations, while wheat edged lower for the first time in five sessions, though expectations for increased demand for US supplies provided a floor to losses.Corn fell after posting gains of 2 percent in the previous session, the biggest daily gain for the contract for nearly two months.Chicago Board of Trade November soybeans fell 0.53 percent to ...
London copper pauses as Freeport eyes exports SYDNEY: London copper opened flat on Monday after a two percent gain last week, stalling on news that major miner Freeport was set to resume concentrate exports from Indonesia after a six-month halt. Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit. A resumption in exports ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln