Shanghai copper
slumped to a six-month low on Wednesday as renewed worries about curbs on
credit for China's property developers fed into wider concerns about global
demand, cutting buying interest in metals.
Wednesday, 26 February 2014
BRENT CRUDE
Brent crude had
slipped 1 cent to $109.50 a barrel by 0307 GMT, after settling $1.13 lower.
OIL
Oil fell on Tuesday,
pressured by further signs of a Chinese economic slowdown and data that showed
a build in U.S. crude stockpiles for the second straight week.
LME COPPER
Three-month copper
on the London Metal Exchange ended down 0.18 percent to $7,064.50 a tonne,
after falling 1.1 percent in the previous session
SPOT GOLD
Spot gold added 0.05
percent to $1,340.75 an ounce after rising to $1,343.40 an ounce Tuesday, the
strongest since late October.
SPDR GOLD
SPDR Gold Trust, the
world's largest gold-backed exchange-traded fund, said its holdings rose 0.26
percent to 803.70 tonnes on Tuesday from 801.61 tonnes on Monday
GOLD
Gold had eased 0.13
percent to $1,338.41 an ounce by 0227 GMT, after rising to its strongest since
October at $1,343.40 an ounce Tuesday in its fourth day of gains.
U.S.MARKET UPDATE
U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares. Seven out of the 10 S&P 500 sector indexes ended lower, led by financials and industrials, while consumer discretionaries led on the upside
Tuesday, 25 February 2014
U.S.STOCKS
US stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers’ shares and optimism about merger activity.
ASIAN STOCKS
MSCI's broadest
index of Asia-Pacific shares outside Japan added 0.5 percent, while stocks in
Seoul gained 0.7 percent.
U.S.TREASURIES
U.S. Treasuries prices fell on Monday, with some investors exiting the safe-haven asset class as Wall Street swung higher and worries dwindled about troubled developing economies such as Ukraine.
SILVER
Among other metals, silver also hit its
highest since Oct. 31 at $22.16 an ounce earlier. It was last up 0.8 percent at
$21.99 an ounce.
FTSE
The blue-chip
FTSE 100 index closed up by 0.4 percent, or 27.80 points, at 6,865.86 points -
just 1.2 percent below its December 1999 record level of 6,950.60.
NIKKEI
The Nikkei average
advanced to a 3-1/2-week peak on Tuesday after a rally in Wall Street shares to
historic highs triggered short-covering in battered Japanese stocks.
DOLLAR
The dollar index
stood at 80.21, near the middle of its range in the past week between 79.93 and
80.42, with safe-haven demand for the greenback receding on growing hopes
Ukraine may find some stability after the fall of Russian-backed president
Viktor Yanukovich.
U.S.CRUDE
U.S. crude futures
for April delivery fell 19 cents to $102.63 a barrel by 0018 GMT, after
finishing 62 cents higher on Monday.
OIL
Oil prices faded
just a little on Tuesday after supply worries gave them a boost the session
before. Brent crude dipped 11 cents to $110.53 a barrel, while U.S. oil eased
29 cents to $102.53 a barrel.
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