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EU wheat hesitant as ECB plan fuels forex swings PARIS: European wheat futures were little changed on Thursday as a sharp drop in the euro after the European Central Bank unveiled a bond-buying programme boosted export prospects in Europe but dented sentiment in the US market. European futures were also facing resistance on price charts after climbing to a two-week high on Wednesday.March milling wheat on Euronext was unchanged on the day at 197.75 euros a tonne by 1644 GMT, consolidating below its high of 199.00 euros in the previous session that was also a technical resistance level. "A strong US dollar is bearish for commodities and a weak euro is bullish for Matif (Euronext), so they almost equal each other out," one trader said. The euro fell to an 11-year low against the dollar after the European Central Bank announced a widely expected bond-buying programme. Weekly data confirmed robust demand for EU wheat, with the bloc awarding 728,000 ...

Copper down as consumers stand back, inventories rise LONDON: Copper fell on Thursday as climbing inventories highlighted oversupply in the market and consumers waited for weaker prices.Three-month copper on the London Metal Exchange (LME) closed 1.8 percent lower at $5,665 a tonne, reversing gains from the previous session when it broke above $5,800 for the first time since Jan. 13Industrial consumers were largely standing back, waiting for prices to fall further, Robin Bhar, head of metals research at Societe Generale, said."We haven't really ...
European vegoils-Palm oil weakens, hurt by poor demand LONDON: Palm oil prices on the European vegetable oils market were lower on Thursday, weighed by poor demand and weakness in the crude oil market.The drop in crude oil prices has helped to reduce demand from the biofuels sector while dealers also cited slow demand from key buyers such as China and India."The crude oil discount to palm oil is hovering around $300 a tonne, curtailing any discretionary demand for biodiesel and posing a challenge ...
Gold rebounds after ECB launches QE programme LONDON: Gold erased earlier losses on Thursday after the European Central Bank launched a multi-billion euro bond-buying programme aimed at reviving a sagging euro zone economy.President Mario Draghi said the ECB would print money to buy up 60 billion euros ($69 billion) worth of sovereign bonds a month in the euro zone, where inflation at minus 0.2 percent is far below the central bank's target of just under 2 percent.He said inflation was expected to ...
NY cocoa falls to 2-month low, raw sugar dips LONDON: New York cocoa futures extended losses to a two-month low on Thursday, on selling triggered by bearish fundamentals and expectations of weak Asian demand data.ICE raw sugar dipped on chart-based selling after rallying to a two-month high in the prior session.Arabica coffee futures turned negative in choppy trading, pressured by a firmer dollar against a basket of currencies after news of a massive bond purchase programme by the European Central Bank, with a focus ...
Copper down as consumers stand back, inventories rise LONDON: Copper slipped on Thursday from one-week highs hit the session before as oversupply in the market was highlighted by climbing inventories and as consumers waited for weaker prices.Also weighing on the market was profit-taking on long positions built up on expectations the European Central Bank will announce weighty bond-buying measures later in the day.Industrial consumers were largely standing back, waiting for prices to fall further, Robin Bhar, head of metals research at Societe Generale, ...
Gold dips further below 5-month high as shares gain ahead of ECB LONDON: Gold fell further below a five-month high on Thursday, undermined as investors betting on the size and shape of a European Central Bank stimulus programme due later in the day extended a run of gains for shares.Market expectations are sky-high for the ECB to unveil a large-scale plan of quantitative easing - printing money to purchase sovereign bonds.Spot gold fell 0.6 percent to $1,285.60 an ounce by 1103 GMT. It climbed to its highest ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
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Arrow Sensex 29,278.84 0.94






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