Gold fell in Asia on Thursday morning, with investors waiting for U.S. economic data to further measure inflationary pressures. A reinforcing dollar puts a cloth on the appeal of the yellow metal. Gold futures were down 0.45% at $ 1,775.35. The dollar, which normally moves against gold, rose to an 11-week high on Thursday. After…
Oil rose in Asia on Thursday morning, followed by the U.S. Fuel demand is bright as crude and fuel supplies are declining. Brent oil futures were up 0.05% at $ 75.23 and WTI futures were at $ 73.08. U.S. Department of Energy Information Management. Crude oil supply data, stocks fell in the fifth week, the…
Markets saw a positive trading day as bank buying was seen throughout the day, with the Bank Nifty index surpassing the Nifty index 1 0.1%. Both codes were completed in green. The Nifty ID Index is one of the best performings with 3% higher closing, adding new long positions with shares such as TCS, HCL…
The SGX Nifty is at 15,768.80, up 74.80 points. The Nifty had a weak session the day before the derivation of contracts expired, with foreign investors booking profits and expiring between 15,700-15,800. As investors see more traction in smaller and midcap stocks, midcap gains are expected. More volatility is expected today as markets are being…
According to the U.S. Department of Agriculture’s Crop Progress Report, U.S. soybean farmers have planted an average of five years more than last year, between dry conditions in the Midwest. Crop quality deteriorated further than last week. Poor US soybean crop quality will reduce overall productivity forecasting and stock distribution concerns. According to USDA’s Crop…
Oil rose in Asia on Wednesday morning, with strong economic recovery from key consumers boosting fuel demand and filtering inflated cargo. Investors are now waiting for a meeting of petroleum exporting countries and allies (OPEC +) for clues on manufacturers’ policy. Brent oil futures rise 0.59%. 75.25 and WTI futures were up 0.47% at $…
The SGX Nifty is at 15,882.20, up 125.20 points. The Nifty had a very volatile session, with the Sensex hitting a new all-time high, reaching the big milestone of 53000. The Nifty came into the 15900 whistles hitting 15900 before booking a profit in the last hour and all gains were wiped out as the…
Markets saw a volatile day of trading as the board weighed the profit margin during the final trading session. The Nifty index outperformed the Bank Nifty by 0.5%, the previous close was slightly higher and then closed in the red. The Nifty Auto Index closed 1.25% higher among the best performers, while Maruti Suzuki topped…
Chicago corn futures fell 1.5% on Monday as rains eased traders’ worries about limited global distribution and put pressure on prices. Soybeans fell 1%, while strong Chinese demand saw lower losses, while wheat was lower. Tobin Corey, director of the Commonwealth Bank’s agricultural strategy, said: “Weekend rains in arid regions will reduce crop stress for…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
