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London copper climbs on China, US hopes SYDNEY: London copper edged up on Thursday from a nine-day low hit the session before, supported by a robust reading of China's factory sector and signals US rate hikes were not likely in the near-term. China's factory sector turned in its best performance in this year in May, a preliminary HSBC survey showed, though overall manufacturing growth still contracted slightly.New export orders, a proxy for foreign demand, showed the biggest turnaround. In the United States, Federal Reserve meeting minutes reassured markets that discussions around rate hikes were "prudent planning" and not a sign hikes would come any time soon. "Generally, fundamentals are supportive of commodity prices, whether it's the improving global backdrop or the gradual moderation in China - no one is expecting China to decelerate rapidly. As a result, there should be less downside risk going forward," said Thomas Lam, chief economist at DMG & Partners Securities in Singapore. ...

Copper drifts as traders take profits on tepid demand SYDNEY: London copper drifted on Wednesday as traders took profits after prices failed to build on last week's two-month highs, suggesting lukewarm appetite from consumers despite the peak season for demand. Copper prices neared $7,000 a tonne late last week, clawing back 10 percent from a March trough amid falling stockpiles and tight supply in China.But gains have spluttered out, with consumers preferring to wait for prices to fall before making fresh purchases. "After the ...
Copper near 2-month peak; nickel sinks in volatile trade SYDNEY: Copper clung near two-month peaks on Tuesday on hopes a new raft of financial reforms would shore up China's slowing economy, while nickel prices sank in volatile trade despite supply concerns.Adding to supportive measures, China's State Administration of Foreign Exchange said on Monday it will reform the management of cross-border foreign exchange guarantees.Efforts by China to quicken the pace of reforms to support growth in the world's second-biggest economy have helped to improve sentiment ...
Copper hits 11 week high on tight supply SYDNEY: London copper hit its highest in 11 weeks on Monday as China pledged to quicken the pace of financial reform, supporting growth in demand for commodities as global exchange supplies of the metal dry up. "It's been an impressive rally from the March lows with a very strong seasonal backdrop to copper total inventories are also declining very quickly at the moment," said analyst Mark Keenan at Societe Generale in Singapore."The recent fall was ...
LME nickel plunges nearly 10pc, gripped by technical selling SYDNEY: London nickel plunged nearly 10 percent on Thursday as light profit-taking triggered a blast of momentum-based sales after supply concerns fuelled a rally of more than 15 percent in the past week. Nickel prices had surged more than 50 percent this year to reach the highest in two years on Tuesday, after top ore supplier Indonesia banned exports in January. But as some investors took profits, traders said chart-based sales were triggered pushing prices ...
Shanghai copper up 2pc; nickel hits new 27-month peak SYDNEY: Shanghai copper rose as much as 2.1 percent on Tuesday on covering of short positions by investors due to tight local supply, while London nickel hit a fresh 27-month peak, underpinned by fears of a worsening supply shortfall. Metals pared early session gains, however, after Chinese investment, retail sales and factory output growth all disappointed in April by hitting multi-year lows, suggesting the world's second-largest economy is still losing steam despite government efforts to ...
Wheat extends decline into fifth session SYDNEY: US wheat futures fell for the fifth session on Tuesday as prices continued to come under pressure from US forecasts for ample global stocks, though confirmation of crop damage in the world's largest exporter reined in losses.Corn was little changed despite the US Department of Agriculture pegging planting progress in excess of market expectations, while soybean prices firmed, rebounding from losses of 1.5 percent the day before.Chicago Board of Trade July wheat futures fell ...

 



 
Index Closing Chg%
Arrow DJIA 17,156.85 0.15
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Arrow S&P 2,001.57 0.13
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Arrow CAC-40 4,431.41 0.50
Arrow Nikkei 15,888.67 0.14
Arrow H.Seng 24,376.41 1.00
Arrow Sensex 26,631.29 0.52





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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 15, 2014
Reserves $13.414 bln