Monday, 29 April 2013
FTSE
Britain's benchmark share index fell on Friday after a
three-day rally, as investors backed away from riskier sectors and U.S. GDP
figures came in below expectations.
NIKKEI
The Nikkei closed down 41.95 points at 13,884.13, after
moving in and out positive territory throughout the session. It rose as much as
0.4 percent at one point to 13,983.87, setting a fresh high since June 2008 and
coming within sight of the 14,000-mark.
DOLLAR
The
dollar last changed hands at 97.86 yen, down 0.1 percent from late U.S. trade
on Friday and well below a four-year high of 99.95 yen set on April 11, a week
after the Bank of Japan stunned markets with its drastic monetary stimulus programme
U.S.CRUDE
U.S. crude for June delivery dropped 36 cents to $92.64 a
barrel. The front-month contract climbed nearly 6 percent last week, its
biggest such gain since late June.
BRENT CRUDE
Brent had slipped 35 cents to $102.81 a barrel by 0121 GMT,
after last week racking up its biggest one-week gain since November 2012.
OIL
The crude benchmark remains more than 6 percent below its starting
point in April, pressured by a slew of economic data in recent weeks suggesting
the global economy remains on a fragile footing at best.
LME COPPER
Three-month copper on the London Metal Exchange edged down
by 0.26 percent to $7,011.75 a tonne by 0109 GMT, extending losses from the
previous session when it closed down by 2 percent.
COPPER
London copper drifted on Monday, after rising half a percent
to log its biggest weekly gain since early February last week, as slower-than-expected
U.S growth hurt the demand outlook, while hopes for further central bank easing
lent support.
SPDR GOLD
Holdings on the largest gold-backed exchange-traded-fund (ETF),
New York's SPDR Gold Trust continue to fall, which was a sign investors have
yet to restore their confidence in gold. The holdings are currently at their
lowest since September 2009.
U.S.GOLD
U.S. gold futures, which often give trading cues to cash
gold, hit a high of $1,472.20 an ounce. By 0226 GMT, prices stood at $1,469.60,
up $16.00. Spot gold rose $7.51 an ounce to $1,470.01.
SPOT GOLD
Spot gold had risen $1.15 an ounce to $1,463.65 by 0025 GMT,
having posted its biggest weekly gain in three months last week. Gold plunged
to around $1,321 on April 16, its lowest in more than two years, in a sell-off
that surprised ardent gold investors and bulls.
GOLD
Gold ticked up on Monday, holding near its highest level in
more than a week, as a rebound in prices from a 2-year trough failed to curb
investor appetite for the precious metal.
U.S.MARKET UPDATE
U.S. stocks dipped in thin volume on Friday, though the
market had a strong week overall despite a mixed bag of earnings and weak
economic figures.
The Dow Jones industrial average rose 11.75 points or 0.08
percent, to 14,712.55, the S&P 500 lost 2.92 points or 0.18 percent, to
1,582.24 and the Nasdaq Composite dropped
10.72 points or 0.33 percent, to 3,279.26.
Saturday, 27 April 2013
U.S.STOCKS
U.S. stocks dipped in thin volume on Friday, though the market had a strong week overall despite a mixed bag of earnings and weak economic figures.
ASIAN STOCKS
Asian shares rose on Friday, tracking global equities
higher after an upbeat U.S. labour market report, while the dollar eased on
caution ahead of first quarter growth data from the world's biggest economy.
DOLLAR
The dollar dropped on Friday to its lowest against the yen
in more than a week after the Bank of Japan left policy unchanged and data
showed the U.S. economy expanded more slowly than expected in the first
quarter.
U.S.CRUDE
New York-traded U.S. crude finished at $93.00, down 1 percent
for the session and up 5.4 percent for the week. U.S. crude skidded from over
$97 at the beginning of April to below $86 by midmonth and is back near $95
now.
BRENT CRUDE
Benchmark Brent crude oil traded out of London settled at $103.16 a barrel, down 0.5 pct on
the day but up nearly 3.5 percent for the week.
OIL
Oil has been supported by a tightening of global inventories
over the past two months, according to a report from the U.S. Energy
Information Administration, as well as by ongoing tensions in the Middle East.
LME COPPER
Three-month copper on the London Metal Exchange ended at
$7,030 a tonne, down 2 percent on the day and up 0.6 percent on the week.
COPPER
Copper prices dropped by 5 percent, silver by 8 percent, and
molybdenum by 20 percent, compared with average prices during the first quarter
of 2012.
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