NEW DELHI: Zinc prices on Monday rose 0.45 per cent to Rs 232.20 per kg in the futures trade on a firm spot demand. On the Multi Commodity Exchange, zinc contracts for the May delivery rose by Rs 1.05, or 0.45 per cent, to Rs 232.20 per kg in 1,930 lots. Analysts said fresh positions
NEW DELHI: Aluminium prices rose 0.39 per cent to Rs 194.90 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the May delivery gained 75 paise, or 0.39 per cent, to Rs 194.90 per
Domestic gold and silver prices rose to the highest levels recorded in a week, tracking a firm trend globally as a drop in US yields amid a steady dollar boosted the appeal of precious metals. MCX gold futures for June 4 delivery traded stronger the whole day and were last seen up 0.65 per cent
NEW YORK: Oil prices edged higher on Monday as European economic reopenings and rising US demand helped offset weakness earlier in the session due to surging coronavirus cases in Asia and underwhelming Chinese manufacturing data. Brent crude rose 56 cents, or 0.8%, to $69.27 a barrel by 11:22 a.m. ET (1522 GMT,) and West Texas
Gold prices climbed to their highest in more than three months on Monday, driven by weaker US Treasury yields and inflation concerns that weighed on investors’ appetite for risk. Spot gold jumped 1% to $1,859.67 per ounce by 10:31 a.m. EDT (1431 GMT), after hitting its highest since Feb. 2 at $1,861.02. US gold futures
Overall market sentiment stabilizes mildly entering into US session. Major European indexes pared back much of earlier losses, while US futures also turned positive. Even though US PPI showed stronger than expected reading, slightly better than expected jobless claims is support sentiment, in a way. Dollar attempt to extend rebound earlier, but quickly lost momentum
The forex markets are steady in Asian session today as sentiment stabilized, following strong rebound in US stocks overnight. Dollar is currently the second strongest for the week, just next to Sterling. But no key level was taken out with the rebound in the last few days. The greenback would need to look into retail
Year-to-date, Canadian dollar is the best performing currency against US dollar. Indeed, most of the gains has been accumulated after the April BOC meeting, at which policymakers announced QE tapering and hinted about rate hike in as soon as next year. Despite recent disappointment in macroeconomic data, we expect yield differential and crude oil price
Dollar is under selling pressure against after rather poor retail sales data. US futures also pare back some earlier gains and look vulnerable. Yen is currently following the greenback as the second weakest, while commodity currencies are the strongest, together with Euro. The question now is, whether Dollar’s decline could gather enough momentum for new
Market debates heated up last week with the influx of some US economic data. On the other hand, the concerns on overheating inflation was legitimate given the much stronger than expected headline and core CPI reading from the US. On the other hand, poor retail sales, and prior week’s non-farm payroll data, gave a nod
Dollar and Yen recover mildly in a mixed Asian session today, while commodity currencies are mildly today. But major pairs and crosses are all bounded inside Friday’s range so far. China data provided some support to Hong Kong and China stocks but Japanese Nikkei is in another sharp decline. Gold is extending near rebound, while
China’s April data sent a mixed message about the economy. Retail sales expanded +17.7% y/y in April, significantly weaker than consensus of +25% and March’s +34.2%. Urban fixed asset investment (FAI) growth moderated to +19.9% in the first 4 months of the year, from +25.6% in 1Q21. The market had anticipated a growth of +19%.
Commodity currencies are trading as the weaker ones for today so far, as risk markets turn softer. Major European indexes are in slight red,. while US futures point to lower open. Yen is currently the stronger ones, followed by Swiss Franc and then Dollar. But overall, major pairs and crosses are still generally stuck in
Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A
Akapong Osotsil / EyeEm | EyeEm | Getty Images Consumer debt edged higher during the first three months of 2021, due primarily to a jump in mortgages and auto loans, the Federal Reserve reported Wednesday. Total household debt balances rose by $85 billion in the first quarter, a 0.6% increase that brought the total level
Wall Street pioneer Thomas Peterffy told CNBC on Wednesday he was concerned about the prospect of damaging inflation in the U.S., leaning on his personal experiences as a youth in Hungary after World War II. The billionaire Interactive Brokers founder and chairman made his comments on “Squawk Box” shortly after April’s hotter-than-expected Consumer Price Index