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Sugar eases as dollar surges, eyes India sales, robusta dips LONDON: Raw sugar futures eased on Wednesday, pressured by a surge in the dollar and by market talk of Indian sales, while robusta coffee dipped, weighed down by new supplies coming onstream from the harvest in top grower Vietnam. Cocoa futures also fell, with traders focused on bean arrivals at West African ports. Trade volumes were moderate ahead of the US Thanksgiving holiday on Thursday. Raw sugar futures were down 0.13 cent, or 0.9 percent, at 14.87 cents a lb at 1528 GMT, drifting further away from a 10-month high of 15.78 cents touched on Tuesday. Dealers talked of sales of at least 100,000 tonnes of Indian raw sugar, possibly destined for Bangladesh and the Etihad refinery in Iraq, but there was no immediate confirmation. Talk of the sales had triggered a selloff of futures late on Tuesday. "I think today's fall is due to a mixture of the stronger ...

Gold drops on dollar after strong US data LONDON: Gold dropped on Wednesday on a rebounding dollar after strong US economic data that heightened expectations of a rate hike from the Federal Reserve next month. Manufacturing output rose well above economists' expectations in October and a gauge of US business investment plans surged. Spot gold fell 0.6 percent to $1,068.96 an ounce by 1531 GMT. US gold was down 0.5 percent at $1,068.80 after a near 1 percent gain in the previous session ...
Copper slides, focus on oversupply, weak demand and dollar LONDON: Copper prices fell on Wednesday as worries about an oversupplied market and weak demand growth from top consumer China were reinforced by a stronger dollar. Benchmark copper on the London Metal Exchange was down 1.4 percent at $4,545 a tonne at 1457 GMT. The metal used in power and construction plunged to $4,443.50 on Monday, its lowest in more than six years. A higher US currency makes dollar-denominated commodities more expensive for non-US firms, ...
Sugar steadies, focus on Indian exports, robusta dips LONDON: Raw sugar futures steadied on Wednesday, with upside capped by market talk of Indian sales, while robusta coffee eased, weighed by harvest pressure in top producer Vietnam. Cocoa futures edged lower, with traders focused on bean arrivals at West African ports. Trade volumes were light ahead of the US Thanksgiving holiday on Thursday. Raw sugar futures were flat at 15.00 cents per lb at 1204 GMT, within sight of a 10-month high of 15.78 ...
Dalian iron ore bounces, but Shanghai steel cuts gains in fragile market MANILA: Dalian iron ore futures climbed 2 percent on Wednesday, recovering from steep losses that sent prices to a record low as a struggling Chinese steel market dimmed the demand outlook for the raw material.Shanghai steel futures rose as much as 4 percent but had surrendered most of it at the close, reflecting investors' caution towards Chinese consumption as a slowing economy cuts demand.Spot iron ore dropped to less than $44 a tonne on Tuesday, ...
Gold drops on dollar, but political risk tempers losses LONDON: Gold edged down on Wednesday on a rebounding dollar and expectations of a U.S. rate hike next month, but the downside was capped by retail demand emerging on tension between Turkey and Russia.Turkey shot down the Russian jet near the Syrian border on Tuesday, saying the plane had violated its air space, in one of the most serious publicly acknowledged clashes between a NATO member country and Russia for half a century.The tensions initially ...
Gold edges off multi-year lows as dollar, stocks retreat LONDON: Gold recovered from near six-year lows on Tuesday as stocks and the dollar retreated, but remained under pressure from expectations the Federal Reserve will press ahead with its first interest rate hike in nearly a decade next month.Platinum meanwhile dipped to its lowest in nearly seven years, putting it on track to fall 14 percent in November, its biggest monthly drop since September 2011.Spot gold was up 0.4 percent at $1,073.10 an ounce at ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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WeeklyNovember 23, 2015
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