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London copper slips on niggling demand doubts SYDNEY: London copper turned lower on Thursday amid doubts over the momentum of global economic growth and its impact on metals demand, while nickel prices sank further after a chunky build in exchange stocks.Jitters over the ability for some smaller Chinese companies to obtain credit after a crackdown by banks on metals financing, following allegations of fraud in the port of Qingdao, also made copper a target for short sellers, traders said."The market wants to believe a recovery is underway and demand is there for an increase in primary imports to the US," said Jonathan Barratt, chief executive of commodity research firm Barratt's Bulletin in Sydney."But when you look at the price of iron ore, and that copper has only recent bounce, it tells you a different story. The jury is still out." Three-month copper on the London Metal Exchange erased early gains to slip by 0.3 percent to $6,690 ...

Copper edges to near 2-week peak on hopes for China support SYDNEY: London copper edged to its highest in nearly two weeks on Wednesday, finding support from a pledge by Chinese authorities to support growth as well as a shortfall in immediate supply. The market is looking past weakness in China's vast property sector to focus on easier liquidity conditions in the world's top user of the metal, said analyst Chunlan Li of CRU in Beijing. "The macro situation is improving, which is supporting copper prices. ...
Copper climbs on China stimulus outlook SYDNEY: London copper was a touch firmer on Tuesday after China's leaders reaffirmed a 7.5 percent economic growth target this year, with prospects of further stimulus lifting Shanghai copper to its highest in more than a week. Economic growth in the top metals user been dented by a soft patch in its property markets which targeted stimulus should help put back on track, said Helen Lau, a senior mining analyst at UOB-Kay Hian Securities in ...
Metals buoyed as Iraq conflict boosts commodity indices SYDNEY: London copper climbed on Thursday, buoyed as conflict in Iraq drove commodity indices higher, while Shanghai copper hit a 10-day peak after breaking through a key level on charts. The focus for metals markets has shifted to the Middle East, away from a gradually improving picture in the United States economy and China's fragile reaccelerating growth. "People generally allocate towards commodities when geopolitical risk increases, and they tend to buy indices which tends to ...
LME copper slips towards 1-month low, China signals mixed SYDNEY: London copper eased towards one-month lows on Thursday, as investors fretted about demand in top consumer China amid government efforts to energise the economy.China's central bank said on Wednesday it would keep monetary policy steady in 2014, even as the finance ministry said fiscal spending had surged nearly 25 percent in May.China's cabinet also revealed that it was now planning more big infrastructure projects, including highways, train networks and oil and gas distribution and ...
Zinc at 15-month high on brighter demand, tighter supply SYDNEY: Zinc in London and Shanghai hit the highest in around 15 months on Wednesday as improving demand met tight supply, while copper premiums fell further in China as traders faced tougher financing conditions in the wake of a fraud investigation.A brighter picture for global growth is encouraging demand for metals with positive supply fundamentals such as zinc, with the U.S. economy gathering steam and European monetary policy looking set to stay loose for some ...
LME copper slips; aluminium, zinc hover near multi-month tops SYDNEY: London aluminium and zinc pulled back on Tuesday from multi-month highs hit the previous day as traders took profits, while copper slipped back towards one-month lows on worries about a Chinese probe into metals financing. Improving global demand prospects have helped to support prices for zinc and aluminium in particular, led by stronger than expected consumption and tight supply, and bolstered by continued monetary easing by central banks. The US macro economy is much ...


Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln