Print - 2017-07-04
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Jul, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Jul, 2017 12:00am
Heavy rain bodes well for Ivory Coast cocoa main crop

Heavy rain bodes well for Ivory Coast cocoa main crop

Heavy rain in Ivory Coast continued to batter the cocoa mid-crop last week but could spur a strong and early start for the October-to-March main crop if there is adequate sun this month, farmers said on Monday. The world's top cocoa producer is in its rai
Published 04 Jul, 2017 12:00am
Canadian canola futures jump to one month high

Canadian canola futures jump to one month high

ICE Canadian canola futures jumped nearly 3 percent on Friday, hitting a more than one-month high in the most-active November contract, lifted by a soybean rally after a US report showed smaller US plantings and stocks than expected. US Department of Agri
Published 04 Jul, 2017 12:00am
CBOT soyabean futures rise

CBOT soyabean futures rise

Chicago Board of Trade soyabean futures rose about 3 percent on Friday on supportive stocks and acreage figures from the US Department of Agriculture and spillover strength from wheat, traders said. CBOT September soyabeans settled up 26-1/4 cents at $9.4
Published 04 Jul, 2017 12:00am
US FOB Gulf corn offers mostly flat

US FOB Gulf corn offers mostly flat

Export premiums for corn shipped from the US Gulf Coast were mostly flat on Friday on light demand and plentiful supplies, traders said. US Department of Agriculture on Friday estimated total US corn stocks as of June 1 at 5.225 billion bushels, the third
Published 04 Jul, 2017 12:00am
US gasoline demand rises in April

US gasoline demand rises in April

US gasoline demand rose by a modest 0.4 percent in April compared with last year, the first year-over-year increase since December, according to the US Energy Information Administration data on Friday. The increase, while small, is welcome news to US refi
Published 04 Jul, 2017 12:00am
Turkey to become top destination for Russian wheat

Turkey to become top destination for Russian wheat

Turkey could emerge as the top export destination for Russian wheat in the 2017/18 marketing year, which starts on July 1, overtaking Egypt where Russia appears to be losing ground to rivals such as Ukraine and Romania, traders and suppliers said. The res
Published 04 Jul, 2017 12:00am
European wheat futures hit 10-day high

European wheat futures hit 10-day high

European wheat futures hit a 10-day high on Friday, buoyed by a continuing rally in US wheat, which more than offset a strong euro and improving crop weather in western Europe. December milling wheat on Paris-based Euronext ended 3.25 euros, or 1.82 perce
Published 04 Jul, 2017 12:00am
Seed cotton prices rise on modest trade
Cotton

Seed cotton prices rise on modest trade

Prices of seed cotton improved slightly on the cotton market on Monday in the process of modest trade activity, dealers said. The official spot rate continued to slide, dropping further Rs 100 to Rs 6100, they said. In the ready session, over 3000 bales o
Published 04 Jul, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,903. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.331 billion and the number of lots traded was 8,506. Major business was contributed by gold mo
Published 04 Jul, 2017 12:00am
CBOT corn futures higher

CBOT corn futures higher

Corn futures on the Chicago Board of Trade closed higher on Friday as spillover strength from surging US wheat futures overshadowed bearish corn stocks and plantings figures from the US Department of Agriculture, traders said. CBOT September corn settled
Published 04 Jul, 2017 12:00am
US Midwest corn, soya bids mostly higher

US Midwest corn, soya bids mostly higher

Spot basis bids for corn and soyabeans were mostly higher at US Midwest river terminals on Friday as exporters along the Gulf Coast sought supplies to cover overseas commitments, grain merchants said. Farmers were selling small amounts of each crop to tak
Published 04 Jul, 2017 12:00am
Brazil's coffee, cane to face dry, cold period ahead

Brazil's coffee, cane to face dry, cold period ahead

Weather conditions are likely to benefit harvesting of coffee and cane in Brazil's center-south in the next 10 days, despite some scattered rains over the weekend that should end by early next week.
Published 04 Jul, 2017 12:00am
Palm oil falls on European vegoils market
Vegetable Oil

Palm oil falls on European vegoils market

Palm oil on the European vegetable oils market was offered mostly easier on Friday after Malaysian palm oil futures dropped on weak export numbers for June. Asking prices for palm oil were between $7.50 a tonne lower and $5 higher after Malaysian palm oil
Published 04 Jul, 2017 12:00am
US natural gas futures little changed on warmer weather

US natural gas futures little changed on warmer weather

US natural gas futures were little changed on Friday as rising production offset forecasts for warmer-than-normal weather and increasing cooling demand through mid-July. Front-month gas futures fell 0.7 cents, or 0.2 percent, to settle at $3.035 per milli
Published 04 Jul, 2017 12:00am
Activities at Karachi & Qasim Ports

Activities at Karachi & Qasim Ports

The Karachi Port handled 217,005 tonnes of cargo comprising 203,710 tonnes of import cargo and 13,295 tonnes of export cargo including 5,609 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 203
Published 04 Jul, 2017 12:00am
Foreign funds bolster Qatar index, Saudi bourse edges up
Exchange

Foreign funds bolster Qatar index, Saudi bourse edges up

Foreign funds helped Qatar's equities index rebound on Monday after a diplomatic deadline for Doha to comply with demands by four Arab states was extended by two days to Tuesday night. Saudi Arabia edged up on the back of petrochemicals. Qatar's foreign m
Published 04 Jul, 2017 12:00am
Foreign funds bolster Qatar index, Saudi bourse edges up
Exchange

Foreign funds bolster Qatar index, Saudi bourse edges up

Foreign funds helped Qatar's equities index rebound on Monday after a diplomatic deadline for Doha to comply with demands by four Arab states was extended by two days to Tuesday night. Saudi Arabia edged up on the back of petrochemicals. Qatar's foreign m
Published 04 Jul, 2017 12:00am
Japan stocks up but Abe party's election loss weighs
Exchange

Japan stocks up but Abe party's election loss weighs

Tokyo stocks edged up Monday but a pick-up in business confidence was offset by caution after Prime Minister Shinzo Abe's ruling party suffered a huge defeat in Tokyo elections. The Bank of Japan's Tankan business survey showed confidence among the countr
Published 04 Jul, 2017 12:00am
Monday's afternoon trade: Dow hits record as energy, bank stocks gain

Monday's afternoon trade: Dow hits record as energy, bank stocks gain

The Dow Jones Industrial Average hit a record high in late morning trading on Monday as energy and bank stocks gained, but a fall in tech stocks dragged down the Nasdaq. Goldman Sachs and Chevron gave the biggest boost to the Dow, while JPMorgan and Exxon
Published 04 Jul, 2017 12:00am
Hong Kong shares up

Hong Kong shares up

Financial shares rose in Hong Kong on Monday, on the back of a new bond trading link between Hong Kong and China, but the overall market was largely flat as blue-chips generally underperformed and the service sector slipped. The Hang Seng index rose 0.1 p
Published 04 Jul, 2017 12:00am
Most Southeast Asian stocks gain

Most Southeast Asian stocks gain

Most Southeast Asian stock markets closed higher on Monday tracking strong broader peers as investors took a surprise recovery in Chinese factory activity as evidence of steadying growth in the world's second largest economy. A private survey showed that
Published 04 Jul, 2017 12:00am
German bond yields near 2017 highs

German bond yields near 2017 highs

Germany's 10-year government bond yield edged higher to hit a fresh 3-1/2 month high on Monday, with the market still plagued by jitters that ECB monetary stimulus could be unwound in the months ahead. The yield on the region's benchmark bond came within
Published 04 Jul, 2017 12:00am
German bond yields near 2017 highs

German bond yields near 2017 highs

Germany's 10-year government bond yield edged higher to hit a fresh 3-1/2 month high on Monday, with the market still plagued by jitters that ECB monetary stimulus could be unwound in the months ahead. The yield on the region's benchmark bond came within
Published 04 Jul, 2017 12:00am
Indian shares extend gains

Indian shares extend gains

Indian shares ended higher on Monday as consumer goods makers such as ITC Ltd surged on hopes the newly implemented goods and services tax (GST) would reduce retail prices and boost sales. The broader NSE index closed up 0.99 percent at 9,615, while the b
Published 04 Jul, 2017 12:00am
European shares stride into second half, supported by oil, banks

European shares stride into second half, supported by oil, banks

European shares rose on Monday, starting the second half of the year on a stronger footing with oil stocks and banks leading a broad bounce off lows hit last week on concern over tightening monetary conditions. The pan-European STOXX 600 index rose 1.1 pe
Published 04 Jul, 2017 12:00am
Sri Lankan shares slip

Sri Lankan shares slip

Sri Lankan stocks ended slightly weaker on Monday, down from an 18-month high hit in the previous session, as investors sold blue chip shares such as John Keells Holdings Plc, brokers said. Analysts said concerns over a proposed tax bill weighed on overal
Published 04 Jul, 2017 12:00am
Australian shares extend losses; New Zealand down

Australian shares extend losses; New Zealand down

Australian shares extended losses from the end of last week, with Monday's weakness led by biotech giant CSL Ltd, the biggest drag on the benchmark, while Fairfax Media tumbled after two private equity firms withdrew rival takeover bids. The S&P/ASX 200 i
Published 04 Jul, 2017 12:00am
FTSE bounces into second half with banks, oil supportive

FTSE bounces into second half with banks, oil supportive

Britain's major share index made a positive start to the second half on Monday, bolstered by strong gains among financials, miners and energy companies as oil prices firmed. The FTSE 100 ended the day 0.9 percent higher at 7,377.09 points, recovering from
Published 04 Jul, 2017 12:00am
Sri Lankan rupee down

Sri Lankan rupee down

The Sri Lankan rupee ended weaker on Monday as late importer dollar demand surpassed sales of the greenback by exporters and banks earlier in the session, dealers said. The spot rupee, which traded for a tenth straight session after being inactive for six
Published 04 Jul, 2017 12:00am
Australia, New Zealand dollars camp near multi-month peaks, RBA in focus

Australia, New Zealand dollars camp near multi-month peaks, RBA in focus

The Australian dollar held near a 3-month peak on Monday following solid manufacturing activity in top trading partner China and mostly positive economic indicators at home, while its New Zealand counterpart hovered near a 5-month high. Australia's job ma
Published 04 Jul, 2017 12:00am
Qatar riyal back near peg as local banks assert control, cool
Exchange

Qatar riyal back near peg as local banks assert control, cool

The Qatari riyal rose back to near its peg to the US dollar on Monday as local banks returned from a week-long holiday and dominated the market, cooling speculation that economic sanctions might strain the peg to breaking-point. Last week, with Qatari ban
Published 04 Jul, 2017 12:00am
Dollar off lows in Asia

Dollar off lows in Asia

The dollar edged off from a nine-month low against a basket of currencies on Monday, but it remained shaky as signs central banks in Europe were moving away from accommodative monetary policies kept the euro and sterling well supported. The dollar index a
Published 04 Jul, 2017 12:00am
Early trade in New York Dollar rises broadly

Early trade in New York Dollar rises broadly

The dollar rose broadly on Monday, starting the new quarter on a positive note, bolstered by higher US government bond yields and a private report that showed manufacturing activity increased to its strongest level in nearly three years. The greenback jus
Published 04 Jul, 2017 12:00am
Dollar recovers ground in European trade

Dollar recovers ground in European trade

The dollar recovered ground on Monday, hitting a six-week high against the yen as higher US government bond yields helped halt a run of losses that added up to the currency's worst quarter since 2010. Signs of a shift towards policy tightening last week f
Published 04 Jul, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Monday. 80.59-80.60 (previous 80.60-80.60).
Published 04 Jul, 2017 12:00am
Slight dollar recovery weighs on Asian currencies
Exchange

Slight dollar recovery weighs on Asian currencies

Most Asian currencies edged lower on Monday, as the dollar index rebounded from a nine-month low against a basket of currencies, which it hit following hawkish comments from central bankers last week. The dollar index against a group of six major currenci
Published 04 Jul, 2017 12:00am
New yuan factor comes into play when currency weakens

New yuan factor comes into play when currency weakens

In the month since China changed how it calculates the yuan's guidance rate, market participants have discovered that this factor is lopsided and operates mainly to thwart yuan depreciation. The undisclosed factor put in place by the People's Bank of Chin
Published 04 Jul, 2017 12:00am
China's yuan weakens, market shrugs off 'Bond Connect'
Exchange

China's yuan weakens, market shrugs off 'Bond Connect'

China's yuan weakened against the US dollar after a softer official fixing on Monday, snapping the currency's 4-day winning streak, while the launch of a bond trading scheme between China and Hong Kong had little impact on the market. The "Bond Connect" p
Published 04 Jul, 2017 12:00am
Sterling stumbles after weak UK manufacturing data

Sterling stumbles after weak UK manufacturing data

Sterling fell back below $1.30 against a broadly weaker dollar on Monday, after poorer-than-expected data from Britain's manufacturing sector led investors to think twice about whether the Bank of England will raise interest rates this year.
Published 04 Jul, 2017 12:00am
Roma sign Gonalons from Lyon

Roma sign Gonalons from Lyon

Lyon captain and midfielder Maxime Gonalons has signed a four-year deal with Serie A runners-up Roma, the French club said on Monday. The France international takes a well beaten trail as Roma have a long history of signing French players and the 28-year-
Published 04 Jul, 2017 12:00am
Wimbledon ups security after London attacks

Wimbledon ups security after London attacks

Wimbledon has ramped up security following the recent wave of terror attacks in London, chief executive Richard Lewis said as the prestigious tennis tournament got under way Monday. Under-cover surveillance spotters, firearms officers and protective barri
Published 04 Jul, 2017 12:00am
Ruthless Nadal reaches 850-win milestone

Ruthless Nadal reaches 850-win milestone

Rafael Nadal stormed into the Wimbledon second round as the world number two secured his 850th career victory with a 6-1, 6-3, 6-2 demolition of Australia's John Millman on Monday. Fresh from winning his 10th French Open title last month, Nadal marked his
Published 04 Jul, 2017 12:00am
Kvitova makes winning Wimbledon comeback

Kvitova makes winning Wimbledon comeback

Two-time champion Petra Kvitova made a victorious return to Wimbledon on Monday after the knife attack that threatened to end her career. In December she suffered severe injuries to her left playing hand while fighting off a knife-wielding burglar at her
Published 04 Jul, 2017 12:00am
Daddy Murray eases through, Kyrgios quits

Daddy Murray eases through, Kyrgios quits

Defending champion Andy Murray celebrated the news that he's about to become a father again by reaching the Wimbledon second round Monday as fellow two-time winner Rafael Nadal aimed to clinch the 850th win of his career. Top seed and world number one Mur
Published 04 Jul, 2017 12:00am
Faf du Plessis to miss first Test

Faf du Plessis to miss first Test

South Africa captain Faf du Plessis is to miss the first Test with England which gets underway on Thursday due to family reasons, Cricket South Africa announced on their website on Monday. The 32-year-old batsman - who became only the fourth South African
Published 04 Jul, 2017 12:00am
High performance cricket camp begins at NCA

High performance cricket camp begins at NCA

A 10-week 'National High Performance Cricket Camp' commenced here at the National Cricket Academy (NCA) on Monday. The camp is organized keeping in view the future commitments of Pakistan cricket team where the players would be trained under the supervisi
Published 04 Jul, 2017 12:00am
World champion Sagan wins Tour stage despite unclipping

World champion Sagan wins Tour stage despite unclipping

World champion Peter Sagan won his eighth Tour de France stage despite a technical glitch on the uphill finish to the third stage in Longwy on Monday. Sagan's foot came unclipped from his pedal as he started to accelerate at the finish, but he kept his co
Published 04 Jul, 2017 12:00am
Terry signs for Aston Villa

Terry signs for Aston Villa

Former long-serving Chelsea captain John Terry signed a one-year contract on a free transfer for second tier side Aston Villa on Monday. Terry, 36 and who left champions Chelsea after 22 trophy-laden years at the end of last season having lifted the Premi
Published 04 Jul, 2017 12:00am
Germany take Confederations Cup

Germany take Confederations Cup

Lars Stindl's simple tap-in, following a costly first-half blunder by Marcelo Diaz, was enough to give Germany a 1-0 win over Chile in the Confederations Cup final on Sunday. Diaz's momentary lapse in concentration let Timo Werner rob him of possession, d
Published 04 Jul, 2017 12:00am
Tougher fighting, more suicide attacks as IS hits back in Mosul

Tougher fighting, more suicide attacks as IS hits back in Mosul

Iraqi forces are facing increasingly difficult fighting and a rising number of suicide bombings in the final stages of the battle for Mosul, senior commanders said on Monday. Following recent suicide bombings by two girls, security forces in the Old City
Published 04 Jul, 2017 12:00am
Modi set to become first Indian PM to visit Israel

Modi set to become first Indian PM to visit Israel

Narendra Modi becomes the first Indian prime minister to visit Israel when he arrives on Tuesday, the result of growing ties that have led to billions of dollars in defence deals. Israel, in constant search of allies to vote in its favour at UN bodies as
Published 04 Jul, 2017 12:00am
Anti-G20 protesters vow to camp across German host city

Anti-G20 protesters vow to camp across German host city

Anti-capitalist protesters vowed Monday to occupy public spaces across Hamburg with tents, as tensions with police rise days before the German city hosts a G20 summit. On Sunday police used pepper spray as they cleared tents set up by some 600 activists o
Published 04 Jul, 2017 12:00am
Saudi king cancels visit to G20 summit: Germany

Saudi king cancels visit to G20 summit: Germany

King Salman of Saudi Arabia has cancelled attendance at this week's G20 summit in Hamburg, the German government said Monday, as Riyadh is engaged in a diplomatic standoff with Qatar. "The government has received official notification that King Salman wil
Published 04 Jul, 2017 12:00am
Eight dead in Bangladesh garment factory blast

Eight dead in Bangladesh garment factory blast

At least eight people were killed and up to 50 injured after a boiler exploded at a garment factory in Bangladesh on Monday, authorities said. Dozens of labourers were on site at the factory in an industrial district outside the capital Dhaka when a blast
Published 04 Jul, 2017 12:00am
Greece demands withdrawal of 'occupying troops' from Cyprus

Greece demands withdrawal of 'occupying troops' from Cyprus

Greek Foreign Minister Nikos Kotzias demanded Monday the withdrawal of Turkey's "occupying troops" from Cyprus, striking a combative tone at negotiations in Switzerland striving to end the island's 40-year division. Cyprus is one of the world's longest-ru
Published 04 Jul, 2017 12:00am
AU chief 'frustrated' by African inaction on famine

AU chief 'frustrated' by African inaction on famine

African Union head Moussa Faki Mahamat on Monday criticised member states for a lack of solidarity shown to nations on the continent who are facing famine and drought. His comments came as heads of state gathered at the union's headquarters in the Ethiopi
Published 04 Jul, 2017 12:00am
South Africa police asked to probe Zuma allies' wedding

South Africa police asked to probe Zuma allies' wedding

A South African opposition party on Monday asked police to investigate allegations that taxpayers' money paid for the lavish wedding of a family with close ties to President Jacob Zuma. Citing leaked emails, local media alleged last week that $3.3-million
Published 04 Jul, 2017 12:00am
Turkish captain claims ship came under Greek fire

Turkish captain claims ship came under Greek fire

The captain of a Turkish-flagged freight ship claimed Monday that his vessel had come under fire from the Greek coastguard after he refused to comply with calls to dock at a Greek port in the Aegean Sea. "The ship has 16 bullet holes," Haluk Sami Kalkavan
Published 04 Jul, 2017 12:00am
Trump talks North Korea threat in calls with China, Japan leaders

Trump talks North Korea threat in calls with China, Japan leaders

The threat posed by North Korea was a key topic in phone calls between US President Donald Trump and the leaders of China and Japan, along with trade issues, the White House said on Sunday. Trump spoke with Chinese President Xi Jinping and Japanese Prime
Published 04 Jul, 2017 12:00am
Japanese PM seeks to regain public's trust after Tokyo poll setback

Japanese PM seeks to regain public's trust after Tokyo poll setback

Japanese Prime Minister Shinzo Abe said on Monday he will work to regain public trust after his party suffered an historic defeat in an election in the nation's capital, signalling trouble ahead for the premier amid tumbling support rates.
Published 04 Jul, 2017 12:00am
Sudan's Bashir plans maiden Russia trip

Sudan's Bashir plans maiden Russia trip

Sudan's President Omar al-Bashir will visit Moscow for the first time in August following an invitation from his Russian counterpart to discuss regional and international issues, the foreign minister said Monday. The announcement of Bashir's Russia visit
Published 04 Jul, 2017 12:00am
Syrian army declares unilateral fighting freeze in south
Exchange

Syrian army declares unilateral fighting freeze in south

The Syrian army on Monday unilaterally announced a halt to fighting in the country's south that would coincide with a new round of peace talks in the Kazakh capital Astana. The army statement, carried on state news agency SANA, said hostilities would stop
Published 04 Jul, 2017 12:00am
US pullout gives 'global push' to climate deal: UN chief

US pullout gives 'global push' to climate deal: UN chief

The US decision to withdraw from the Paris climate agreement has given a "global push" to the deal, as other signatories have strongly recommitted to the landmark accord, UN chief Antonio Guterres said Monday. President Donald Trump, whose country is the
Published 04 Jul, 2017 12:00am
US warship in Med wary of 'tensions' with Syria's allies

US warship in Med wary of 'tensions' with Syria's allies

A senior officer aboard a US Navy supercarrier deployed in the eastern Mediterranean said Monday his forces were wary of "tensions" with allies of Syria's regime but ready to defend US-backed forces.
Published 04 Jul, 2017 12:00am
Eight wounded in shooting near French mosque

Eight wounded in shooting near French mosque

Eight people were wounded in a shooting in front of a mosque in the southern French city of Avignon in an incident police consider to be a settling of scores rather than a militant attack, a source close to the investigation said on Monday. Two of the eig
Published 04 Jul, 2017 12:00am
Deadly floods hit central, southern China

Deadly floods hit central, southern China

Rainstorms have triggered floods across central and southern China, forcing hundreds of thousands of people from their homes and leaving three dozen dead or missing, state media reported Monday. At least 16 people were killed and a further 10 were unaccou
Published 04 Jul, 2017 12:00am
Japan business confidence hits three-year high: BoJ
Exchange

Japan business confidence hits three-year high: BoJ

Confidence among Japan's biggest manufacturers has risen for the third straight quarter to the best level in more than three years, a key central bank survey showed Monday as exports continue to grow. The Bank of Japan's Tankan report - a quarterly survey
Published 04 Jul, 2017 12:00am
Falling food prices drag Turkish inflation lower in June

Falling food prices drag Turkish inflation lower in June

Turkish inflation cooled for the second straight month in June, data showed on Monday, as a drop in food prices led to a lower-than-expected 10.9 percent increase in annual consumer prices. The data, which marks a further fall from the 8 1/2-year peak of
Published 04 Jul, 2017 12:00am
Central bankers want communication, not coordination

Central bankers want communication, not coordination

There is no behind-the-scenes pact between powerful central bankers to tighten policy but the potent effect their actions have on financial markets means they want a deeper understanding of each others' motivations, officials told Reuters.
Published 04 Jul, 2017 12:00am