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Copper falls on higher inventory; set for monthly gain LONDON: Copper fell on Friday following sharp increases in inventories, reigniting concerns about oversupply weighing on the market and giving bearish Chinese speculators a chance to resume selling. Prices were knocked back after data showed a 32.6 percent surge in copper stocks in warehouses monitored by the Shanghai Futures Exchange while London Metal Exchange (LME) inventories also rose. "The inventory build is making people a bit nervous," said metals strategist Gayle Berry at Jefferies.While there was a knee-jerk reaction by traders, big increases in Shanghai stocks often occur following the Lunar New Year holiday so it should not be too worrying, she added. "Although there's been a decent amount of short-covering recently, Chinese specs are still pretty bearish and so there's been a bit more selling this morning."Three-month copper on the LME slipped 0.8 percent to $5,840 a tonne in official open outcry trading, after climbing 2.2 percent in the ...

Gold steadies on soft dollar, set for biggest monthly loss since Sept LONDON: Gold steadied on Friday, due to a softer dollar, but was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat US data supported expectations of a rate hike by the Federal Reserve this year. Gold has fallen more than 7 percent from a five-month high above $1,300 an ounce hit in January as expectations of a US rate increase hurt its appeal as an insurance against ...
Raw sugar dips before expiry, arabicas firm LONDON: Raw sugar futures inched lower on Friday, with dealers focused on a likely large delivery against expiry of the ICE March futures contract, while arabica coffee edged up on chart-based buying. Cocoa futures were little changed, underpinned by expectations of tight supplies from No. 2 grower Ghana. Raw sugar futures eased in light volumes, with dealers expecting a big delivery against expiry of the March contract, likely to include Brazilian and Central American sugar. ...
Russia's February wheat exports plunge 57pc after tax imposed MOSCOW: Russia's wheat exports have fallen 57 percent year-on-year in February after the government imposed a tax on the shipments on Feb. 1, the Agriculture Ministry said on Friday, reducing the chance of an increase in the tax in March.Russia, a large wheat exporter to North Africa and the Middle East, imposed the tax on wheat exports to try to curb shipments and cool domestic wheat prices, boosted by a slump in the rouble."As a ...
Argentina forecasts record 2014/15 soy crop of 58mn tonnes BUENOS AIRES: Argentina's 2014/15 soy crop was estimated by the government on Thursday at a record 58.0 million tonnes, up from 53.4 million in the previous season.The Agriculture Ministry gave the forecast in a statement that also said 2014/15 corn was expected at 30.0 million tonnes, down from 33.0 million in the 2013/14 crop year.Harvesting of 2014/15 soy and corn is well advanced throughout the Pampas grains belt.Copyright Reuters, 2015 ...
Bullish export data helps spark rebound in EU wheat prices LONDON: Wheat futures in Paris turned higher on Thursday after bullish European Union export data and bargain hunting helped the market rebound from a two-month low earlier in the day.London's feed wheat futures market remained lower, however, as sterling's rise to a 7-year high against the struggling euro dented export prospects for UK wheat to key customers in the euro zone.May milling wheat in Paris ended 0.75 euro or 0.4 percent higher at 186.00 euros ...
Copper climbs to six-week high as China holiday ends LONDON: Copper jumped to the highest in six weeks on Thursday as bearish investors scrambled to buy futures to close out their positions after Chinese trading resumed following a holiday break.The rest of the LME complex also had a firm undertone thanks to the resumption of physical buying in China, combined with firmer oil prices and decent economic data, analysts said.The gains were curbed, however, as stronger than expected data on U.S. durable goods orders ...


Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90

ICT 2014

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