Wednesday, 1 August 2012

economic data today | Stock tips 2 Aug | commodity tips


Asian stocks fell, with the regional benchmark index heading for the first drop in five days, as China’s manufacturing expanded at the slowest pace in eight months and South Korea’s exports fell. Japanese shares led declines on disappointing earnings reports .The MSCI Asia Pacific Index dropped 0.3 percent to 118.33 as of 7:22 p.m. in Tokyo. Seven of the 10 industry groups fell on the measure, which yesterday capped a second monthly gain.

U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will rebound from two days of declines, as investors awaited the outcome of the Federal Reserve’s two-day policy meeting for clues on more stimulus measures to support the world’s largest economy. Futures on the S&P 500 (SPX) Index expiring in September climbed 0.3 percent to 1,379 at 10:58 a.m. in London.

European stocks rose as speculation central banks will take further steps to support the economic recovery outweighed a contraction in U.K. manufacturing. U.S. index futures advanced, while Asian shares retreated. The Stoxx Europe 600 Index (SXXP) increased 0.2 percent to 261.87 at 10:49 a.m. in London, the fourth increase in five days. The benchmark measure has rallied 12 percent from this year’s low on June 4

Treasuries snapped a two-day gain before an industry report that economists said will show U.S. manufacturing returned to growth last month, easing pressure on the Federal Reserve to announce more bond purchases. The benchmark 10-year yield rose one basis point, or 0.01 percentage point, to 1.48 percent at 7:01 a.m. New York The 1.75 percent note maturing in May 2022 fell 2/32, or 63 cents per $1,000 face amount, to 102 15/32. The 30-year yield also increased one basis point to 2.56 percent.


The dollar swung between advances and declines against the euro as investors awaited policy decisions from the Federal Reserve and European Central Bank amid mounting evidence that economies around the world are slowing. The dollar was little changed at $1.2311 per euro at 10:20 a.m. London time after earlier weakening as much as 0.3 percent and strengthening as much as 0.2 percent.

With the European Central Bank’s key lending rate at a record low, the euro has emerged as a funding currency in so-called carry trades — a practice of selling weak, low-interest currencies to buy higher-yielding assets. The euro was buying around $1.2298, up about 1.3% from a day earlier, but still down 5% for the year. It bought 96.14 yen, up 1.4% from Wednesday, though off 3.5% for the year and nearly 5% for the quarter.


CRUDE OIL Crude-oil futures extended losses in Asia Wednesday after relatively weak manufacturing data from China and as investors were less optimistic about stimulus measures from the U.S. Federal Reserve.On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $87.97 a barrel at 0632 GMT, down $0.09 in the Globex electronic session. September Brent crude on London's ICE Futures exchange fell $0.23 to $104.69 barrel.Nymex crude for September delivery lost $1.72 a barrel, or 1.9%, yesterday on profit-taking as investors adjusted positions.

Comex gold futures prices ended the U.S. day session moderately lower amid general weakness in the raw commodity sector Tuesday. Some chart consolidation was also seen following recent price gains that took gold prices to a fresh six-week high late last week. The market place is also subdued ahead of some key central bank meetings this week, and the U.S. jobs report on Friday. December gold last traded down $7.00 at $1,617.00 an ounce. Spot gold was last quoted down $8.10 an ounce at $1,614.80. September Comex silver last traded down $0.113 at $27.92 an ounce.

Silver futures prices however have slid a bit at the early Globex after Chinese manufacturing number shrank. Asian shares are also trading mix while Euro fell slightly after Germany opposed of giving license to ESM. That would have created pressure on the Euro as well as on riskier assets. The Fed anticipation would have kept the metal higher for the last couple of days but as discussed in gold’s outlook, Fed may again keep itself refraining from easing.


Copper softened on Wednesday as support from a weaker dollar was offset by data showing the manufacturing sector contracted in the euro zone and hardly grew in top metals consumer China in July, worsening prospects for metals demand. Benchmark copper on the LME traded at $7,531 a tonne by 0921 GMT, down 0.4 percent from $7,560 at the close on Tuesday.

With Best Indian Stock Market Tips you can make money from these markets by trading in our Intra-day & long term Stock Market Calls with great accuracy and high profitability…

Subscribe Free by Filling the TRIAL FORM...

stock tips 2-August-2012, nifty trend  2-August-2012 , stock tips today nifty outlook, intraday tips for today, stock recommendations,nse tips for today, nifty futures, Stock Tips today, free stock market tips , stock market tomorrow, best stock to buy today, best share to buy/sell, which stock to buy/sell, nse tips for  2-August-2012 , nifty futures tips 2-August-2012 , stock cash tips, nifty future levels, bank nifty levels, nse intraday tips today, stock future and option tips, stock market today, stock tips free trial,MCX commodity Tips, commodity updates, MCX tips,NCDEX tips,precious metals,bullion & energy Tips, AGRI tips, HNI Pack ,bullion premium,Base metal Trend,Gold price, Silver Price,Gold levels, Silver levels, Copper levels, Lead levels, Nickel levels, Zinc levels, Crude oil levels MCX Gold Tips,MCX Silver Tips,Free Gold Tips, Silver Tips, free commodity tips,intraday commodity tips,intraday silver tips,intraday tips,MCX Commodity review ,mcx updates,best commodity tips,mcx commodity,commodity tips today

Design by Wordpress Theme | Bloggerized by Free Blogger Templates | Grocery Coupons
Twitter Bird Gadget