Copper inventories continue to slide after hitting a four month high around mid-October. LME copper inventories fell to a seven week low in the previous session. The inventories fell sharply by 4200 tonnes to 102225 tonnes, marking their lowest level since September 16th. Powered by Commodity Insights
The frontline equity indices pared all the early losses and traded with minor gains in the morning trade. The Nifty marched above the 18,050 level. Bank, FMCG and financial services stocks advanced while IT, realty and consumer durabled stocks declined. At 10:29 IST, the barometer index, the S&P BSE Sensex, was up 65.33 points or 0.11% to 60,971.42. The Nifty 50 index added 16 points […]
Australia services sector slipped into contraction territory in October, the latest survey from S&P Global showed on Thursday with services PMI score of 49.3. Thats down from 50.6 in September, and it falls beneath the boob-or-bust line of 50 that separates expansion from contraction. Total new business fell in October, underpinned by a decline in demand. Anecdotal evidence suggested that weaker market conditions and higher […]
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