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 […]
LEAD: On Nov. 25, SMM #1 lead price was offered at 19,850-20,000 yuan per tonne, up 3,525 yuan from November 1 and surging 21.49 per cent in a single month, also hitting the highest level since April 28, 2008.Surging lead prices have added big pressures to Chinese battery producers, SMM survey finds. “Many domestic battery […]
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 […]
WBMS REPORT: (World Bureau of Metal Statistics) The World Bureau of Metal Statistics (WBMS) has published the Metals Balances Report for the first nine months of the current year. The global primary Aluminum and Lead markets recorded marginal deficits during Jan-Sep ’16. On the other hand, copper market recorded marginal surplus during this period. The […]
The daily range of gold prices has been getting tighter and tighter everyday as the market consolidates and ranges with an eye on the Fed decision in December. The US elections are now out of the way and with the dust settling down slowly, the markets begin to look out for other events and news […]
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 […]
China’s copper consumption grew by 2.8 per cent in 2016, high than market expectation, SMM copper analyst said at SMM 2016 China Metals Summit (CMS) in Shanghai from Nov. 10-11. In 2016, the power sector, one of major copper consumers in China, staged a strong performance thanks to rapid growth in power grid investment as […]
And it is finally out! Donald Trump battled a bitter political combat and has been elected as the 45th President of the earth’s oldest democracy. As far as India is concerned, past experiences show that a Republican US President usually proves to be better for us than a Democrat one.However, in recent times, Indo-US relations […]
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