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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 Hong Kong. "The government will continue to fine-tune to provide enough financing for smaller enterprises and to help support the overall economy," she said. "These news headlines have supported copper prices in terms of sentiment, but I do not see any real improvement in fundamentals, especially with seasonal demand weakness coming in," she said. China is confident it will hit its growth target of 7.5 percent this year, Chinese Premier Li Keqiang said on Monday, ...

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 ...
LME copper steady; aluminium, zinc hover near multi month tops SYDNEY: London aluminium and zinc hovered near multi-month highs on Tuesday as the outlook for demand improved, while copper steadied after worries about a Chinese probe into metals financing pushed prices to one-month lows the session before. Improving global demand prospects are helping support prices for zinc and aluminium in particular, led by stronger than expected consumption and tight supply - at least in the first half, said analyst Matt Fusarelli at AME Group. "Generally ...
Shanghai copper at one-month low on financing worries SYDNEY: Shanghai copper fell to its lowest in nearly a month on Monday and London copper also dropped, unsettled by concern that a probe into metals storage at China's third-largest port could squeeze financing and cut buying interest in metals. China's Qingdao Port International Co. Ltd. said on Friday the probe into suspected fraud involving copper and aluminium stored at the port would not impact its operations because the amounts involved were immaterial to its ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln