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Copper price bounces on Chile quake; oil hit by Libya LONDON: Copper bounced this week on supply fears after a vast earthquake in top producer Chile, while Brent oil dived on the prospect of rebounding Libyan crude supplies, analysts said.Other commodities experienced mixed fortunes as investors digested Friday's broadly in-line non-farm payrolls data in the United States, which is a leading consumer of many raw materials.BASE METALS: The enormous earthquake in Chile sent copper jumping to a three-week peak, while supply risks also sent nickel racing to a one-year high.A powerful 8.2-magnitude earthquake hit Chile late Tuesday, killing at least six people and generating tsunami waves that hit as far away as Japan.In reaction, copper rallied on Wednesday to $6,734 per tonne, the highest point since March 10."Copper has hit a three-week high as an enormous earthquake off the coast of Chile as sparked fears of a tsunami," said IG analyst David Madden."Traders are concerned that copper supplies will suffer ...

Gold gains after US jobs data, outlook still dim LONDON: Gold rose on Friday after a US nonfarm payrolls report came in slightly below expectations, but signs that the world's largest economy is growing at a solid pace, a stable dollar and higher equities capped the upside. Nonfarm payrolls increased by 192,000 new jobs last month, compared with a 197,000 rise in February and less than an expected 200,000. The unemployment rate was unchanged at 6.7 percent.Even so, with a solid pace of hiring ...
Gold up ahead of US data, still set for third losing week LONDON: Gold crept higher on Friday ahead of a US jobs report but prices were still set for their longest weekly losing streak in more than six months as optimism about the US economy boosted the dollar and equities. US nonfarm payrolls data for March was due at 1230 GMT. Analysts polled by Reuters expect 200,000 jobs to have been created in March, which would be the highest in four months, after rising by 175,000 ...
Copper up as US jobs data in focus, aluminium at 5-month peak LONDON: Copper rose on Friday, lifted by rising speculation that a recovery in the US jobs market will help spur economic growth and demand for metals while aluminium was set for its biggest weekly gain in 16 months after hitting a five-month high. Three-month copper on the London Metal Exchange was at $6,679.25 a tonne at 1022 GMT, up 0.5 percent.US job growth likely accelerated in March as the winter's gloom started to lift, providing ...
Coffee rises, uncertainty over crop losses, sugar steady LONDON: Arabica coffee futures on ICE rose on technically driven buying on Friday, buoyed by uncertainty over crop losses in top producer Brazil due to drought, while raw sugar and cocoa were little changed.May arabica coffee futures on ICE were up 1.4 cents or 0.8 percent at $1.7600 per lb at 1033 GMT. "There is still a lot of uncertainty as to the extent of the losses to the arabica crop in Brazil," said Stefan ...
EU wheat slips to 3-week low as US futures fall LONDON: Wheat prices in western Europe fell to a three-week low on Tuesday, weighed by a sharp setback in Chicago following a US government report indicating stocks were higher than expected. Old crop May milling wheat on the Paris-based Euronext market ended a marginal 0.25 euros higher at 208.00 euros a tonne after earlier slipping to a three-week low of 206.75 euros. New crop November ended 1.00 euro lower at 200.75 euros a tonne. ...
Palm oil prices slip on weak exports LONDON: Palm oil prices were lower on the European vegetable oil market on Monday, weighed down by weak Malaysian export data while liquid oils also slipped ahead of a key report issued by the US Department of Agriculture.Crude palm oil was offered as much as $10.00 lower for nearby shipment while RBD palm olein traded down to $825.00 for July-September and $815.00 for October/December, both $5.00 below levels traded on Friday.Cargo surveyor Intertek Testing Services ...

 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
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Arrow Nikkei 14,516.27 0.68
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Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln