U.S. crude oil fell $1.01 to $83.95 a barrel by 0128 GMT. U.S. crude shed $1 to trade at $83.96.
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Monday, 2 July 2012
BRENT CRUDE
Brent crude dropped towards $96 a barrel on Monday , Brent crude fell $1.45 to $96.35 a barrel by 0346 GMT.
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SHANGHAI COPPER
The most-active October copper contract on the Shanghai Futures Exchange edged up 0.5 percent to 55,540 yuan ($8,700) per tonne, catching up with London’s gains and after rising 1.9 percent in the prior session.
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LME COPPER
Three-month copper on the London Metal Exchange was down 0.8 percent at $7,630 per metric ton (1.1023 tons) by 9.15 p.m. EDT, after surging 4.1 percent on Friday.
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COPPER
Copper fell back on Monday, surrendering part of its 4-percent gain in the previous session, after data at the weekend showed a factory slump at one of Asia’s leading exporters China had deepened in June.
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SPOT GOLD
Spot gold edged down 0.1 percent to $1,594.99 an ounce by 0024 GMT, after surging 3 percent in the previous session. The precious metal posted a monthly gain of more than 2 percent in June, its first in five months.
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GOLD
Gold prices edged down on Monday, taking a breather after a 3-percent rally in the previous session, as the initial euphoria over a euro zone deal to help its debt-laden members gave way to caution over its effectiveness.
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U.S. MARKET UPDATE
U.S. stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region’s banks.
The Dow Jones industrial average jumped 277.83 points, or 2.20 percent, to 12,880.09 at the close. The Standard & Poor’s 500 Index rose 33.12 points, or 2.49 percent, to 1,362.16. The Nasdaq Composite Index climbed 85.56 points, or 3.00 percent, to 2,935.05.
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Saturday, 30 June 2012
ASIAN STOCK
Asian stocks capped the biggest weekly gain since January as euro-zone leaders agreed to relax conditions for recapitalizing lenders and amid speculation China will do more to shore up growth. The advance pared the regional benchmark index’s first quarterly loss since September.
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