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Gold edges off near 3-month low ahead of US jobs data LONDON: Gold prices recovered from near three-month lows on Friday as a stock market rally sparked by a European Central Bank rate cut ran out of steam, but gains were capped ahead of key US payrolls data later in the day.The metal hit its weakest since mid-June earlier on Friday at $1,256.90 an ounce, and remains on track to end the week lower on the back of rising equities and signs that the US economy is improving. Spot gold was up 0.3 percent at $1,264.30 an ounce at 0938 GMT, while US gold futures for December delivery were down $1.60 an ounce at $1,264.90. A run of forecast-beating data, including jobs and services numbers on Thursday, has boosted speculation that US interest rates could rise sooner rather than later, lifting both the dollar and the opportunity cost of holding non-yielding gold. Analysts expect US non-farm payrolls data due at 1230 ...

Copper gains as ECB rate cut boosts recovery hopes LONDON: Copper prices edged higher on Friday, boosted by speculation the European Central Bank's move to cut interest rates would help spur an economic revival in Europe, but gains were kept in check by concerns about growing copper supplies. Benchmark copper on the London Metal Exchange (LME) rose 0.3 percent to $6,948.50 a tonne at 1020 GMT.The metal used in power and construction was set for a weekly decline of 0.5 percent, its fifth weekly ...
Corn pauses after slide on bumper crop expectations PARIS/SYDNEY: US corn futures edged higher for the first time in four sessions on Thursday, rebounding from losses of more than 3 percent the day before, but gains were capped by expectations the U.S. crop would top official estimates.Soybeans ticked lower as the oilseed market also remained under pressure from good crop conditions underlined by higher-than-expected government crop ratings this week.Wheat slipped again to set new contract lows as the absence of U.S. wheat from ...
Nickel hits 7-week high as Philippine news spurs speculators LONDON: Nickel prices climbed to the highest levels in seven weeks on Thursday as speculators returned to the market on the back of worries that the Philippines could follow Indonesia in banning unprocessed ore exports.Three-month nickel on the London Metal Exchange soared to a session high of $19,480 a tonne, its strongest since July 14, driven by buying from commodity trading advisors (CTAs) and macro funds, traders said.Nickel, which is up nearly 40 percent so ...
Coffee consolidates after Brazil-fuelled volatility LONDON: Arabica coffee futures on ICE consolidated on Thursday following a series of choppy trading sessions fuelled by the uncertain outlook for top grower Brazil's 2015/16 crop.Raw sugar fell towards a seven-month low, while cocoa was also lower.December arabica coffee was unchanged at $2.0230 per lb by 1117 GMT.Arabica futures have gained around 78 percent in value since the start of the year on concerns that dry weather in Brazil will curb output both this ...
Gold recovers from low as Ukraine ceasefire uncertain LONDON: Gold was little changed on Wednesday, recovering from an earlier 2-1/2 month low, as initial expectations of a ceasefire in eastern Ukraine receded and ahead of a meeting of the European Central Bank on Thursday.Prices hit their lowest since mid-June at $1,261.19 an ounce in earlier trade after Ukraine said it had reached agreement with Russian President Vladimir Putin on a "permanent ceasefire" in its eastern Donbass region.Gold later pared losses after the Kremlin ...
ICE coffee eases off one-month highs, sugar dips on supply LONDON: New York arabica coffee futures on Wednesday eased off the prior session's one-month high in technically driven dealings, while raw sugar dipped against a backdrop of plentiful supplies.Cocoa on ICE touched a one-month low, pressured by a favourable production outlook in West Africa.Benchmark December arabica coffee on ICE Futures U.S. fell 6.35 cents, or 3 percent, to trade at $2.0310 per lb at 1422 GMT, near Tuesday's one-month high of $2.0995."There has been a ...

 



 
Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln