Date Archives: November2016

Morgan Stanley Sees 30% Chance Of Sensex Touching 39,000 In 2017 Morgan Stanley expects Sensex earnings growth of 2.5 per cent for financial year 2016-2017 and 16 per cent in fiscal year 2018. The Indian equity market is exiting the low return trap and equities are likely to deliver 15 per cent return in rupee […]

CRUDE OIL: Oil Weighed Down by OPEC Confusion. The star commodity of the day turned out to be oil whose prices went up and down like a yo-yo based on the headlines that were coming out every hour from the OPEC discussion. The formal OPEC meeting is scheduled to be held only on November 30 […]

COPPER: The recent rising copper price had much less to do with the prospects for Donald Trump’s election and much more to do with perceived demand in China. Price rises have unquestionably been speculatively fueled. Turnover on the LME has been at record levels recently, a development mimicked by the Shanghai Futures Exchange. Ironically, although […]

GOLD: The market may have also been pressured by a slight rise in Treasury yields. On Tuesday, the Treasury Department auctioned $34 billion in five-year notes at a high yield of 1.76 percent.Traders should expect much of the same sideways-to-lower trading on Wednesday in the gold market as long as the U.S. stock market remains […]

President-elect Donald Trump’s policies will eventually have important implications for commodity markets, said Barclays in a research note. “On the environment, he is a known climate-change denier and promises the country’s environmental agenda will be guided by ‘true specialists in conservation, not those with radical political agendas,’” the bank added. “The U.S. energy sector is […]