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LME copper slips after European PMI dents confidence SYDNEY: London copper slipped on Tuesday from its highest close in nearly three weeks, easing after three days of gains, with only a weaker-than-expected June European manufacturing survey denting encouraging global growth prospects. Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the US factory sector in more than four years. But the euro zone's private sector expansion unexpectedly slowed, even though companies are still cutting prices to drum up business. Still, tight supply and decent consumption from top user China were helping to shore up copper prices, even in the wake of a metals financing scandal at a Chinese port that has curbed financing deals and is expected to erode imports, analysts said. "We would have expected prices to come off more substantially as these financing deals unravel," analyst Matt Fusarelli of AME Group in ...

Wheat extends rally on southern Plains quality concerns SYDNEY: US wheat futures rose for a third session on Thursday in their longest rally in six weeks, amid concerns over the quality of some grain from the US Plains.Corn followed wheat higher, while soybeans edged down, shrugging off recent bargain-buying support.Chicago Board of Trade front-month wheat futures climbed 0.17 percent to $5.88 a bushel, having closed up 0.9 percent the day before.CME Group's Kansas City front-month hard red winter wheat futures contracts, which track ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln