During early Asian session, oil futures prices are trading above $84.50/bbl with gain of almost 0.90 percent from yesterday’s closing. Positive trend in oil prices is seen driven by both fundamental and economic stimulus in the market. That said, the lower USD also supports higher oil prices and the USD has been falling for the […]
Crude Oil after the OPEC meetings Read More »
Equities and the euro were helped by reports that major central banks are poised to inject liquidity should the results of weekend elections in Greece unleash havoc on financial markets. The Asian equities are also trading positive due to the above reason. However, news of easing from the central banks has acted as a boost
Market Review June 15 2012 Read More »
Today Gold futures prices have seen little changed from the prior closing and Asian stocks dropped after Spain’s credit rating was cut which has renewed the concern of European crisis contagion to the global growth. The Euro however is showing slight strength against the dollar amid anticipation of a win of new democracy which would
Gold and Silver in the Shadow of Spain and Greece Read More »
Crude oil fell on Wednesday ahead of an OPEC policy meeting expected to leave the group’s production target unchanged, while weak economic data added to the bearish sentiment. Japan’s parliament is set to pass a special bill on Friday to allow it to provide insurance for continuing Iranian crude imports, making it the first country
OPEC Ministers Look at Production and Price of Crude Oil Read More »
The dollar turned negative against the Japanese yen and briefly extended losses against the euro on Wednesday after government data showed U.S. retail sales fell for a second straight month in May. The euro rose as high as $1.2611 on Wednesday as investors trimmed very bearish positions on the single currency. But a three-notch downgrade
Market Review June 14 2012 Read More »
During early Asian session, oil prices are seen hovering near $83/bbl with fall of more than 0.40 percent from yesterday’s closing. Ahead of OPEC meeting today oil prices have come under pressure with the question of rising, cutting or keeping the production quota by OPEC members. As per the OPEC monthly report, the world market
Energy in the Morning Read More »
Warren Buffett‟s Berkshire Hathaway Inc. jumped into the slumping private-jet market again with a record order valued at USD9.6bn, betting on a rebound later this decade with a third plane purchase in less than two years. US stocks rose on speculation policy makers will do more to stimulate the economy. Commodities dropped for a fourth
Market Review June 13 2012 Read More »
This morning base metals are trading down by 0.4 to 1.6 percent apart from Aluminum at LME electronic platform. The Asian equities are also trading down after losing yesterday’s gains as Spain bailout continues to fade and concerns of Italy and Greece haunts investor sentiment. Among Asians, the Chinese easing might have supported domestic credit
Gold and Silver and the EU Crisis Read More »
The Spanish bank bail-out agreement reached over the weekend didn’t really ease fears over the ongoing euro crisis less than a week from all-important Greek elections. On the contrary, the relief rally was over when the market started trading in Europe. No more details became available via comments of policymakers. Global core bonds gradually erased
Investors Fears and Worries Remain Read More »
While investors initially cheered the plan to rescue Spanish banks, many details remain to be finalized, including how much money the banks will need. European Union finance ministers agreed Saturday to lend up to €100 billion to the Spanish bailout fund to recapitalize insolvent banks. But the amount needed will not be known until an
Market Review June 12 2012 Read More »
