All
 

 

Just in:  

You are here: Home»Markets»Commodities»Australia

Australia

Archive

London copper drifts; Chinese demand eyed MELBOURNE: London copper drifted on Tuesday as worries over Chinese demand lingered, and as businesses wind down ahead of the Lunar New Year holidays next week.China's annual consumer inflation hit a five-year low in January, underscoring persistent weakness in the economy after China's trade performance slumped in January. The data adds more pressures on policymakers to support growth."I am a bit surprised that copper didn't weaken more given the trade numbers we got over the weekend. It really shows that the (Chinese) economy domestically slowing," said analyst Dominic Schnider of UBS Wealth Management in Hong Kong."Maybe that is something yet to come, as the market really comes to understand the fact that the Chinese (slowing) story isn't going to run away."China's imports tumbled 19.9 percent, far worse than analysts had expected in data released at the weekend.Three-month copper on the London Metal Exchange eased by 0.1 percent to $5,665 a ...

London copper steadies as China trade jitters subside MELBOURNE: London copper steadied on Monday, as jitters subsided following surprisingly weak Chinese import data at the weekend that fueled worries over fragile economic growth in China.China's trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected and highlighting deepening weakness in the Chinese economy.Global price moves and the impact of holidays may have overstated the extent of the downturn.Still, the ...
Soybeans edges higher, gains capped by South American outlook SYDNEY: US soybeans edged higher on Thursday, recovering slightly from losses of more 1.5 percent, although favorable weather conditions in Brazil kept a lid on gains.Corn edged lower, extending losses into a second session, while wheat also fell.Chicago Board of Trade March soybeans rose 0.1 percent to 9.73 a bushel, having closed down 1.5 percent in the previous session.However, analysts said the outlook for Brazilian supplies would likely cap any gains."The Brazilian Real continuing to ...
Copper slips as traders take profits on China bank reserve move MELBOURNE: London copper sank on Thursday from two-week highs touched the session before as traders who bought copper on talk of fresh easing measures by China took profits after it cut its bank reserve requirements.China's central bank made a system-wide cut to bank reserve requirements on Wednesday, the first time it has done so in over two years, to unleash a fresh flood of liquidity to fight off economic slowdown and looming deflation."The market is ...
Copper see-saws as it strives to hold gains amid oil slip SYDNEY: London copper futures traded slightly lower in late Asia trading, see-sawing during the day and holding close to the strongest gains since mid-2013 posted overnight."Copper made a strong showing after Tuesday's (London) session though some profit-taking was inevitable," said a trader in Sydney.Three-month copper on the London Metal Exchange was 0.36 percent lower at $5,669.50 at 0748 GMT. The contract jumped more than 3 percent in Tuesday's London session on the back of higher ...
Shanghai copper jumps nearly 3pc on China stimulus hopes MELBOURNE: Shanghai copper jumped nearly three percent on Monday, after an official report showed factory growth in China shrank for the first time in more than two years last month, fuelling hopes for increased stimulus from the world's second biggest economy.A private business survey mirrored the result, showing the factory sector contracted a second straight month in January, as 2015 got off to a rocky start.The more China's economy slows, the more pressure Beijing will ...
London copper climbs as dollar falters ahead of Fed MELBOURNE: London copper moved further away from 5-1/2-year lows on Wednesday, propped up by a weaker dollar after a drop in US capital goods orders sparked talk the Federal Reserve might push back its timeline for raising interest rates.Copper prices have been walloped by persistent signs of weakening growth in top user China as well as sickly European demand and a surge in the dollar.The Federal Reserve is expected to signal it remains on track ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







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 $16.137 bln