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Copper steady as dollar eases; growth worries cap gains LONDON: Copper steadied on Wednesday as the dollar lost momentum yet the metal remained near five-month lows on concerns about economic growth in China and Europe.The International Monetary Fund on Tuesday cut its global growth forecasts for a third time this year while data showed German industrial output in August in its biggest fall since the financial crisis.Underpinning copper, however, the dollar index dipped into negative territory, having hit a four-year high on Friday. A weaker dollar makes dollar-priced metals cheaper for European and other non-U.S. investors.Still the market view is that the U.S. Federal Reserve will hike interest rates sooner rather than later, with the expectations working to boost the dollar overall and weigh on dollar-priced metals."The loss of upward momentum in the dollar has provided support to the base metals but they are generally stuck in a downward trend," said William Adams, head of research at Fast Markets."Copper ...

Wheat and soybeans firm ahead of USDA report HAMBURG/SINGAPORE: Chicago wheat and soybeans rose on Wednesday in positioning ahead of a US Department of Agriculture (USDA) report on global supply and demand for grains and oilseeds due on Friday.Corn fell on pressure from record production and a lack of demand for US supplies.Chicago Board of Trade front month December wheat rose 0.1 percent to $5.06-3/4 a bushel by 1031 GMT after climbing earlier in the day to $5.11-1/2, the highest since Sept. 11.Wheat ...
Gold rises 1pc as stocks extend losses on growth fears LONDON: Gold rose 1 percent on Wednesday as stock markets fell for a second day, with a cut in the International Monetary Fund's global growth forecasts fuelling concerns over the world economy. European stocks hit 1-1/2-month lows, and world share indexes pushed back towards their lowest in six months, while German bond yields slipped towards record lows as concerns over global growth spurred demand for safe-haven debt. Spot gold was up 0.9 percent at $1,219.30 ...
Gold dips below $1,200 for 1st time in 2014 on US jobs data LONDON: Gold fell below $1,200 an ounce for the first time this year on Friday as the dollar jumped after better-than expected US non-farm payroll data, which could bolster bets on a Federal Reserve rate hike in mid-2015 or even earlier. US non-farm payrolls rose by 248,000 jobs, and the jobless rate fell to 5.9 percent last month, the lowest since July 2008, the Labor Department said. Economists polled by Reuters had expected a jump ...
Copper, aluminium bounce, but vulnerable to more losses LONDON: Copper and aluminium bounced on Friday, a day after touching new multi-month lows, but more losses were likely as investors remained worried about a strong dollar and weaker demand in top metals consumer China. "There's a bit of stabilisation today, but I don't think it necessarily marks a turning point back up," said Stephen Briggs, metals strategist at BNP Paribas in London. Three-month copper on the London Metal Exchange added 0.64 percent to $6,642 ...
Gold languishes, platinum hits 5-year low as dollar extends gains LONDON: Gold held near 9-month lows on Wednesday, weighed down by broad-based strength in the dollar on growing expectations that the U.S. Federal Reserve is set to tighten monetary policy before other major central banks.Other precious metals also languished, with platinum the biggest faller, sliding to a five-year low at $1,256.30 an ounce early in the session.Spot gold was at $1,209.71 an ounce at 1142 GMT, little changed from late Tuesday, after earlier slipping to ...
Sugar eases after contract expiry, cocoa falls LONDON: ICE raw sugar futures eased on Wednesday after a contract expiry seen as a bearish signal for the global market, while cocoa fell in a technical correction from near a 3-1/2-year high.Arabica coffee futures rose, underpinned by concerns over potential damage to 2015/16 crops in Brazil due to drought.ICE raw sugar futures fell after traders said they expected Bunge to be sole buyer of 528,655 tonnes of raw sugar from Brazil, Thailand and Central ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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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 20, 2014
Reserves $13.436 bln