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Copper up on China demand hopes; shortage fears boost nickel LONDON: Copper prices hovered near three-month highs on Wednesday, underpinned by optimism about the outlook for demand from top consumer China, while nickel rose as supply worries intensified following unrest at a New Caledonian mine.Thee-month copper on the London Metal Exchange (LME) rose to a session high of $6,970 a tonne, its highest level since March 7. At 0937 GMT a tonne, it was at $6,961 a tonne, up 0.4 percent from Tuesday's close.Reflecting a shortage of available physical supply that is underpinning the market, cash prices soared to $93 above the benchmark contract this week, the highest in more than two years. Sentiment was also boosted by Tuesday's upbeat U.S. durable goods numbers for April, which helped feed risk appetite in financial markets and lift world stocks."Copper is trading up as traders are optimistic about growth prospects, which is fuelling the equity markets," said Naeem Aslam, chief market analyst ...

Cocoa consolidates holds steady near high, sugar flat LONDON: ICE cocoa futures held steady on Wednesday near the prior session's 32-month high, while raw sugar consolidated near a one-month low pressured by huge supplies.ICE arabica coffee futures eased due to uncertainty over the extent of crop losses from a drought in top grower Brazil.ICE July cocoa was flat at $3,031 per tonne at 1047 GMT. On Tuesday, the ICE second-month, September contract touched a 32-month peak of $3,060."There has been profit-taking after the ...
Gold edges off 3-1/2 month low as stocks retreat LONDON: Gold prices edged off 3-1/2 month lows on Wednesday as stock markets weakened in Europe, having earlier extended losses after a technical breakout the previous day saw prices slide more than 2 percent.Gold posted its biggest daily fall since mid-December on Tuesday after strong U.S. data helped send U.S. and German stocks to record highs, with losses accelerating as prices broke out of the narrow range they had held in for more than a ...
Gold slips 2pc after U.S. data; platinum falls on strike mediation pledge LONDON: Gold slipped 2 percent to a 3-1/2 month low on Tuesday, extending losses after strong U.S. data lifted optimism about the economy, while platinum fell after South Africa's mining minister pledged to mediate in a long-running strike.U.S. consumer confidence rose in line with expectations, with the Conference Board index at 83 in May from a downwardly revised 81.7 in April, as consumers saw the economy, including the labour market, in a better light.Separately, the ...
Sugar extends losses after data, cocoa hits 32-month peak LONDON: ICE raw sugar futures extended losses and slid more than 2 percent on Tuesday after data showed Brazil's cane harvest accelerating, while cocoa corrected lower after hitting its highest levels since September 2011.Arabica coffee dipped as uncertainty over crop damage from drought in Brazil gripped the market.ICE raw sugar extended losses after data from cane industry group Unica said Brazil's main centre-south harvest was picking up speed after a slow start to the season."More ...
Nickel ticks higher on unrest at New Caledonia mine LONDON: Nickel rose on Tuesday after rioting at Vale's mine in New Caledonia intensified worries over supply shortages, with the sector already hit by an Indonesian ban on ore exports.Copper was steady after edging to its highest in nearly three months as markets reopened after a holiday weekend and traders expected more gains in copper on robust buying in China.Nickel prices got a fillip after rioters torched vehicles, equipment and buildings at the $6 billion ...
Gold slips ahead of U.S. data; platinum group metals firm LONDON: Gold slipped on Tuesday, as share markets rose and investors waited for U.S. economic data for directional cues, while platinum group metals were supported as labour strikes dragged on in major producer South Africa.Developments in Ukraine, where air strikes and a paratrooper assault were launched against pro-Russian rebels who seized an airport on Monday, had little impact on gold, which is usually bought as an insurance against risk in times of global political uncertainty."The ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln