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LME copper holds near 1 month low as stock build looms SYDNEY: Copper was perched above one-month lows on Thursday but looked vulnerable to fresh losses as cracks appeared in global economic growth, while expectations supply will rise towards year-end also kept a lid on prices. An abrupt slowdown in China's credit growth as well as wobbles in Europe's economy as result of sanctions over the Ukraine are threatening to derail global growth and casting a pall over metal demand. Added to these concerns are worries that the United States may act to raise rates sooner than expected, drawing back cheap liquidity available to industry and commodity investors, as well as boosting the dollar. "Prices moved sideways yesterday after the US dollar triggered a fairly noticeable decline.I think people are going to wait and see what the Fed has to say in its next statement on when interest rates are going to rise," said analyst James Glenn of National Australia Bank ...

London nickel slips from two-month highs on stronger dollar SYDNEY: London nickel slipped from near two-month highs on Tuesday as the dollar rose, sparking profit-taking across metals, but gains were underpinned by prospects of an ore export ban from the Philippines. Nickel prices rallied more than 7 percent over the previous four trading days on concerns the top supplier of nickel ore for China's stainless steel industry could wind back or halt exports, worsening a supply shortfall after a similar move by Indonesia in ...
Corn futures extend losses as frost threat eases SYDNEY: US corn futures inched down on Tuesday as concerns over potential frost damage eased, extending losses into a sixth session out of seven amid expectations for a record crop.Wheat followed corn lower, while soybeans also edged down as cold weather forecasts weakened.Chicago Board of Trade December corn futures fell 0.4 percent to $3.47 a bushel, having closed down 2.2 percent the session before."The thinking now is that the cold snap is not severe enough ...
Australia's largest wheat exporter scraps port access plan SYDNEY: CBH Group, Australia's largest wheat exporter, has scrapped plans for a new system to allocate port access at its grain terminals following complaints from some users that the scheme was unfair to new entrants to the market. Australian regulations require grower cooperative CBH Group to offer access at its four grain terminals in the state of Western Australia to rival exporters such as Cargill and Glencore.The company said in a statement on Tuesday that ...
LME copper steady, traders price in US rate hike delay SYDNEY: London copper was little changed on Monday with China trade thin due to a long weekend and expectations the Federal Reserve would delay an interest rate hike after Friday's weaker-than-expected U.S. jobs report.Easier policies announced by the European Central Bank last week and targeted easing by China has cushioned manufacturing industries by easing capital, but stuttering economic growth may yet stunt demand."More from the central banks, regardless of the numbers, will help drive prices," ...
LME copper drifts in low volumes; eyes on ECB SYDNEY: Copper drifted in low volume trade on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand.The European Central Bank is unlikely to take new policy action next week unless August inflation figures, due on Friday, show the euro zone sinking significantly towards deflation, ECB sources said. Looser policy from the euro zone central bank ...
Shanghai copper hits highest since early July as consumers restock SYDNEY: Shanghai copper hit its highest in around seven weeks on Monday, underpinned by steady consumer demand and after London prices logged the biggest weekly rise in 11 months last week. Copper prices are slowly recovering from near two-month lows hit mid-month, but given differing expectations of supply this year, analysts are mixed as to where prices will go from here.Mine supply is broadly expected to grow this year, but as miners dig deeper to ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln