The most active December copper contract on the Shanghai Futures Exchange fell 0.5 percent to 55,420 yuan ($8,700) per tonne, catching up with previous losses in London. It is on track to post a 1.2 percent rise on the month.
Monday, 3 September 2012
LME COPPER
Three-month copper on the London Metal Exchange had ticked up 0.1 percent to $7,621.50 per tonne by 0113 GMT, extending gains from the session.
COPPER
London copper edged up on Monday after China's official purchasing managers' index (PMI) for the services sector strengthened in August, though persistent worries about the pace of growth in the world's second largest economy capped gains.
SPOT GOLD
Spot gold was little changed at $1,689.14 an ounce by 0256 GMT, holding near a five-month high of $1,692.71 hit on Friday.
GOLD
Gold hovered near a five-month peak on Monday, supported by hopes for more stimulus measures after U.S. Federal Reserve Chairman Ben Bernanke gave a grave assessment of the economy last week.
U.S.MARKET UPDATE
U.S. stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing "grave concern" for the stagnating U.S. job market, said the central bank was prepared to take further steps to strengthen the economy if necessary.
The Dow Jones industrial average rose 90.13 points, or 0.69 percent, to 13,090.84. The Standard & Poor's 500 Index closed up 7.10 points, or 0.51 percent, at 1,406.58. The Nasdaq Composite Index was up 18.25 points, or 0.60 percent, at 3,066.96.
Saturday, 1 September 2012
ASIAN SHARES
Asian shares fell to four-week lows and the euro stayed near this week's low against the dollar as investors nervously waited for Bernanke's speech at the annual Jackson Hole meeting of central bankers later in the day.
U.S.STOCK
U.S. stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing “grave concern” for the stagnating U.S. job market, said the central bank was prepared to take further steps to strengthen the economy if necessary.
U.S.TRSEARIES
Treasury prices rose. The benchmark 10-year U.S. Treasury note was up 16/32 in price to yield 1.5722 percent.
SHANGHAI COPPER
The most active December copper contract on the Shanghai Futures Exchange fell 0.5 percent to 55,420 yuan ($8,700) per tonne, catching up with previous losses in London. It is on track to post a 1.2 percent rise on the month.
LME COPPER
Three-month copper on the London Metal Exchange ticked up just $3 to $7,570.50 per tonne by 0716 GMT, after four straight sessions of losses and on course to log a 0.2 percent monthly gain.
COPPER
Copper production at Chile's Codelco fell 6.4 percent in the first half from a year earlier to 767,000 tonnes, the miner said on Friday, but the world's No. 1 copper producer said it still intends to produce around 1.7 million tonnes this year.
U.S.GOLD
U.S. COMEX gold futures for December delivery settled up $30.50 an ounce at $1,687.60, with the highest trading volume in a month, preliminary Reuters data showed.
SPOT GOLD
Spot gold rose 1.8 percent at $1,685.89 an ounce by 3:15 p.m. EDT (1915 GMT) for its biggest one-day gain in two months. It rebounded from a low of $1,646.73 an ounce.
GOLD
Gold fell immediately following the release of Bernanke's speech, then quickly rebounded $45 per ounce, or almost 3 percent from its session low, as investors digested his comments and concluded they were stimulus friendly.
U.S.STOCK
U.S. stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing “grave concern” for the stagnating U.S. job market, said the central bank was prepared to take further steps to strengthen the economy if necessary.
The Dow Jones industrial average was up 90.13 points, or 0.69 percent, at 13,090.84. The Standard & Poor’s 500 Index was up 7.10 points, or 0.51 percent, at 1,406.58. The Nasdaq Composite Index was up 18.25 points, or 0.60 percent, at 3,066.96.
Friday, 31 August 2012
ASIAN SHARES
Asian shares fell on Friday as investors cooled expectations that Bernanke will offer any signal of a further monetary stimulus when he speaks at an annual Jackson Hole meeting of central bankers later in the day.
Subscribe to:
Posts (Atom)