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Copper retreats towards 5-1/2 year low on China worries LONDON: Copper slid on Tuesday back towards the prior session's 5-1/2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories.Data showed China's factory profits grew at their weakest rate in two years in 2014 as economic growth slipped to a 24-year low, underscoring the challenges the country faces. "Normally you see some pre-stocking (of metals) ahead of Chinese new year, but you're not even seeing that this year because traders just have no capital to put to work and they're still pretty nervous about underlying demand conditions," Colin Hamilton, head of commodities research at Macquarie, told a presentation to journalists.Three-month copper on the London Metal Exchange (LME) closed down 2.8 percent at $5,425 a tonne. The metal is down 14 percent so far in January, extending a combined 20 percent loss over the past two years.It hit a 5-1/2 ...

EU wheat at one-week low on euro rebound, high supply PARIS: European wheat futures extended a fall on Tuesday to touch a one-week low, sapped by a rebound in the euro, weak US prices and ample global stocks. March milling wheat on Paris-based Euronext unofficially closed down 3.00 euros or 1.5 percent at 193.50 euros a tonne, after falling in late trade to 193.00 euros, its lowest since Jan. 20."The rebound in the euro and the expected end-of-season stockpile are weighing on prices. Countries still ...
European feeds: Soymeal prices rise after US rally PARIS: Soymeal prices on the European meals market rose on Tuesday, buoyed by gains in Chicago futures the previous day, while many other products also advanced. Soymeal led the strength in the Chicago Board of Trade soy complex on Monday, with the lead March contract rising $7.40, or 2.2 percent.In Europe, South American high protein soymeal offers increased by $2 to $7 a tonne, with pellets up to $9 higher. "The Board of Trade went ...
European vegoils-Palm oil prices stabilise after fall LONDON: Palm oil offers on the European vegetable oil market were little changed on Tuesday, with signs of stability after recent weakness.RBD palm olein offers were raised by about $2.50 a tonne, with April/June shipments changing hands at both $615 and $617.50 a tonne.The position had traded down to $617.50 on Monday after a prolonged slide from as high as $660 a week earlier.Prices have been capped by expectation of a large crop in Malaysia, ...
NY cocoa firms, in sight of one-year low, sugar eases LONDON: New York cocoa futures firmed on Tuesday but remained in sight of a one-year low as traders digested weaker than expected grind data, while raw sugar eased on chart-based selling, with a focus on the weather in top grower Brazil.Arabica coffee futures firmed, underpinned by a softer dollar, correcting up from Friday's six-month low despite forecasts for more rain in Brazil's coffee belt.New York March cocoa was up $3, or 0.1 percent, at $2,740 ...
Gold rises on soft dollar ahead of Fed rate meeting LONDON: Gold edged up on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.The Fed starts its first two-day policy meeting of the year later on Tuesday and investors expect it to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening.Spot gold was up ...
Copper slips back near 5-1/2 year lows on China worries LONDON: Copper slipped on Tuesday, struggling to mount a recovery from the prior session's 5-1/2 year low as investors weighed further evidence of slowing growth in top consumer China while stocks continued to build.Chinese officials said the country's industrial sector - traditionally a mainstay driver of the economy - faces downward pressure. In addition, data showed China's factory profits grew at their weakest rate in two years in 2014.On supply, daily London Metal Exchange data ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln