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COMMODITY MARKET STRATEGY 17 OCT. 2014
By : Simran Shah
BASE METAL WRAP: Nickel climbed for the first time in four days, paring a sixth weekly decline, as some investors deemed this week’s drop to a seven-month low as excessive amid signs of an improving U.S. economy.
ENERGY WRAP: West Texas Intermediate crude rallied for a second day after trading below $80 a barrel for the first time since June 2012. Brent advanced in London.
PRECIOUS METAL WRAP: Gold traded below a five-week high, headed for the first back-to-back weekly increase since July, amid speculation signs of a global slowdown led by Europe may delay the onset of higher U.S. borrowing costs. Palladium rose.
GLOBAL EVENTS TO WATCH: Core CPI m/m, Building Permits, Fed Chair Yellen Speaks, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.
COMMODITY MARKET STRATEGY 04 SEPTEMBER 2014
By : Simran Shah
BASE METAL WRAP: Nickel climbed to the
highest in almost four weeks after a Philippine lawmaker filed a bill to require
all mined minerals to be processed before export.
ENERGY WRAP: Natural gas prices
edged lower on Wednesday after weather forecasting models continued to call for
milder temperatures to move across the U.S. this weekend, which should cut into
the need for air conditioning and thus reduce demand for the commodity at the
nation's thermal power plants. Crude oil futures rebounded from the previous
session's steep declines on Wednesday, after Kiev said it has reached a deal
with Russia for a ceasefire in eastern Ukraine.
PRECIOUS METAL WRAP: Gold advanced for a
second day on speculation that prices near the lowest level since June may
encourage purchases as investors assessed tensions in Ukraine and the outlook
for higher U.S. borrowing costs.
GLOBAL EVENTS TO WATCH: Retail Sales m/m,
Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press
Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement,
Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change,
Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims,
Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services
PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories,
FOMC Member Mester Speaks.
INDIAN BENCHMARK open marginally lower as investors
By : Simran Shah
INDIAN BENCHMARK
open marginally lower as investors are likely to book
profits after recent gains while weak Asian cues and geopolitical tensions
would weigh on sentiment.
FURTHER, DLF will be in action after
the Punjab and Haryana High Court on Wednesday set aside the Haryana government’s
decision to allot 350 acres of land in Wazirabad, Gurgaon. United Spirits reported a consolidated net loss of Rs 4,489 crore for
the year ended March 31, 2014.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Wednesday while the
DIIs were net sellers of Rs. 469cr, as per the provisional figures
released by the NSE.
