U.S. crude stocks rose by 5.9 million barrels in the week to
Oct. 25, compared with analysts' expectations for an increase of 2.2 million
barrels, data from industry group the American Petroleum Institute showed on
Tuesday.
Wednesday, 30 October 2013
BRENT CRUDE
London Brent crude for December delivery was down 31 cents
at $108.70 a barrel, after finishing 60 cents lower on Tuesday.
NYMEX CRUDE
NYMEX crude for December delivery was down 57 cents at
$97.63 a barrel by 0020 GMT, after settling 48 cents lower on Tuesday.
LME COPPER
Three-month copper on the London Metal Exchange CMCU3 eased 0.1
percent to $7,191.25 a tonne by 0132 GMT, well below the one-month high of
$7,350 touched on October 22.
COPPER
London copper was largely unchanged on Wednesday, trading
well below last week's one-month high on a weaker fundamental outlook as
investors await clues on monetary policy from the U.S. Federal Reserve.
GOLD
Gold was treading water below five-week highs on Wednesday,
as investors awaited the end of a Federal Reserve policy meeting to gauge the
bank's stimulus outlook.
U.S.GOLD
U.S. gold futures for December delivery settled down $6.70
an ounce at $1,345.50, with volume about 15 percent below its 30-day average,
preliminary Reuters data showed.
SPOT GOLD
Spot gold eased 0.05
percent to $1,343.06 an ounce by 0019 GMT. The metal fell 0.6 percent on
Tuesday after the dollar index rose to one-week highs as traders booked
profits.
U.S.MARKET UPDATE
The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day’s gains.
The stock, which also helped drive the S&P 500′s advance, jumped 2.7 percent to $182.12 after the company’s board of directors approved another $15 billion for stock buybacks.
Tuesday, 29 October 2013
ASIAN STOCKS
Asian shares sagged
and the dollar stayed just above its recent lows on Tuesday, as investors
awaited confirmation the U.S. Federal Reserve will stay the course with
stimulus at this week's policy meeting.
U.S.TREASURIES
Prices for U.S.
Treasuries dipped on Monday as investors made room for this week's $96 billion
in longer-dated government debt supply, with yields hovering near three-month lows.
FTSE
Britain's blue chip
share index steadied on Monday after hitting a five-month high, stalling just
above the key 6,700 points level as a mixed crop of earnings led to profit taking
and bad weather curbed activity.
NIKKEI
Japan's Nikkei stock
average gave up 0.7 percent, shrugging off data showing consumer spending in
Japan jumped in September as shoppers made purchases now before a sales tax
increase next year.
DOLLAR
The dollar index was
steady at 79.344 after drifting up 0.2 percent on Monday. However, it remained
not far off Friday's 78.998 - a low not seen since Feb. 1.
EURO
The euro was down
about 0.1 percent at $1.3773, but still not far from Friday's high of $1.3832,
its highest level since November 2011.
NYMEX CRUDE
NYMEX crude for
December delivery was down 38 cents at $98.30 a barrel by 0034 GMT, after
settling up 83 cents at $98.68 on Monday.
U.S.CRUDE
U.S. crude futures
edged down towards $98 a barrel on Tuesday ahead of the Federal Reserve's
policy-setting meeting, but held within sight of a one-week high as a sharp
drop in Libyan oil exports rekindled worries over supply.
BRENT CRUDE
London Brent crude
for December delivery was down 46 cents at $109.15 a barrel, after settling up
$2.68.
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