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EU wheat retreats with Chicago after touching 6-week high PARIS: European wheat prices fell back in late trade on Friday as traders booked profits after U.S markets failed to hold a six-week high touched earlier in the day.By 1520 GMT, benchmark January on Paris-based Euronext milling wheat futures was down 1.70 euros, or 1 percent, at 167.75 euros a tonne after touching a six-week high of 172.25 euros in earlier trade.Chicago front-month December wheat was down 0.5 percent lower to $5.24-1/4 per bushel after touching a six-week high of $5.39-1/4."Prices have risen quite a lot this week, maybe too much, so people are cashing in their profit before the weekend," a trader said.Despite the late fall, European wheat was still on track to book a weekly gain of 2 percent.Prices received some long-term support from forecasts that Russia's grain crop may shrink by up to 14 percent in 2015 from near-record levels this year due to a lack of ...

Gold edges up but set for weekly loss on dollar, data LONDON: Gold inched up on Friday as European shares fell but was set to close down for the week due to a firm dollar and robust economic data that dented demand for the metal as an insurance against risk. Spot gold was up 0.1 percent at $1,233.10 an ounce by 1157 GMT, after slipping more than 1 percent in the previous two sessions. US gold futures were up 0.3 percent at $1,233.00 an ounce. Following ...
Copper, base metals fall on Chinese house price weakness LONDON: Copper, aluminium and other base metals lost ground on Friday after Chinese house prices fell for a fifth straight month, highlighting concerns about economic growth in the world's biggest metals consumer."Anything that on a short-term basis that indicates softness in the Chinese property sector is going to be a concern, but I wouldn't overplay one data point," said Nicholas Snowdon, metals analyst at Standard Chartered."It certainly remains an environment where there's this tension between ...
Oil slips below $86 on strong supply, NY Ebola case LONDON: Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets.Iraq increased its oil supply in October, and Libya's production remained high, despite deep instability in both countries. Brent crude for December fell $1.02 a barrel to a low of $85.81 and was trading around $85.90 by 1205 GMT. US December crude ...
London copper set for weekly rise on seasonal China demand SYDNEY: London copper edged down on Friday, but was on track for its biggest weekly rise in two months as China demand recovers in the fourth quarter, although expectations of swelling supply kept gains in check.FUNDAMENTALSThree-month copper on the London Metal Exchange had slipped 0.3 percent to $6,676 a tonne by 0045 GMT, paring gains of 1 percent from the previous session. LME copper prices were set to advance by 0.6 percent for the week ...
LME copper set for weekly rise on seasonal China demand SYDNEY: London copper edged down on Friday amid expectations of swelling supply, but prices were headed for the biggest weekly rise in two months on signs of demand recovery in top consumer China.In China, copper demand has shown a slight improvement this month on the back of orders from manufacturers ahead of the Christmas and Lunar New Year sales season, traders said. That, and tentative signs of economic growth have broadly provided some support to ...
Gold falls as stock markets firm and physical demand wanes LONDON: Gold fell on Thursday as stronger-than-expected economic data and upbeat corporate results lifted stocks in Europe and the United States, while the dollar index held near a one-week high and demand for physical metal eased. Outflows from gold-backed exchange-traded funds suggested investment appetite for bullion was softening, analysts said. The arrival of the Diwali festival in India was expected to mark the end of a period of upbeat demand there. Spot gold was down ...

 



 
IndexClosingChg%
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln