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London copper hits two-week high on US growth signals SYDNEY: London copper touched its highest level in a fortnight on Monday in the afterglow of improving economic signals from the United States, although news that Japan had surprisingly fallen into recession added a note of caution.An improvement in global growth could add demand for copper, although this is expected to be offset next year as the market swings into surplus for the first year in six. "Copper looks range-bound for the rest of the year, around the ... $6,600 mark. Supply continues to be a headwind into next year," said analyst Daniel Morgan at UBS in Sydney. Three-month copper on the London Metal Exchange climbed to its highest since Nov. 4 at $6,734 a tonne, before trading flat at $6,706.75 a tonne by 0300 GMT.In the previous session it had gained 0.8 percent. The most traded January copper contract on the Shanghai Futures Exchange climbed 1 percent to 47,640 ...

London copper flat as China data disappoints, raises stimulus hopes SYDNEY: London copper was steady on Thursday after evidence that China's economic growth cooled in October dented demand prospects but raised bets Beijing will have to loose further stimulus to shore up its struggling property market. Factory growth dipped and investment growth hit a near 13-year low in October, while growth in real estate investment, which affects about 40 other industries in China, cooled to 12.4 percent.Property sales and new construction continued to fall. Copper ...
London copper barely changed, seen up on Asian, euro zone stimulus SYDNEY: London copper was little changed on Wednesday after gaining about half a percent in the previous session when US markets were shut for a holiday, while zinc prices were underpinned by a strike at a Peruvian mine. Three-month copper on the London Metal Exchange traded flat $6,690 a tonne by 0313 GMT. Prices have traded in a narrow $300 band of around $6,500-$6,800 since mid-September as modestly growing demand is met by ample supply.But ...
London copper steady ahead of US payrolls SYDNEY: London copper was flat on Friday supported by easier policies in Europe and China and ahead of a key US labour report, but the metal was set to post its biggest weekly fall since early October thanks to a strong dollar. European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank's staff will prepare the groundwork, President Mario Draghi said on ...
London copper slips to near 2-week low after China data, oil rout SYDNEY: London copper slipped on Wednesday for the second day to a near two-week low and Shanghai zinc shed 2.5 percent as weak China economic data compounded a selloff that started in oil and spilled over into base metals. Growth in China's services sector weakened further in October as new business cooled, a private survey showed on Wednesday, reinforcing signs of a gradual economic slowdown that could prod the government to unveil fresh stimulus measures.Oil ...
London copper underpinned by Japan easing, China clouds outlook SYDNEY: London copper was flat on Monday, as support from Japan's surprise stimulus last week continued to underpin metals, but signs of fading economic momentum in top metals user China suggested gains would be short-lived. China's economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed on Monday, putting Beijing's official target for the year at even greater risk. Asia's factories are ...
London copper drops as dollar rallies on Fed comments SYDNEY: London copper led other metals lower on Thursday after encouraging comments by U.S. monetary officials on the state of the world's top economy sparked a dollar rally.The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labour market slack as "significant" in a show of confidence in the economy's prospects.A reduction in cheap liquidity weakens support for metals prices and a stronger dollar tends to weigh on ...

 



 
Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln