Friday, 11 May 2012
SHANGHAI COPPER
The most-traded August copper contract on the Shanghai Futures Exchange inched down 0.2 percent to 57,650 yuan ($9,100) a tonne.
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LME COPPER
Three-month copper on the London Metal Exchange edged down 0.1 percent to $8,093.25 a tonne by 0103 GMT, on course for second straight weekly drop.
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COPPER
Copper prices inched lower on Friday, reversing gains from the previous session, while investors await output and inflation data from China for cues on the growth of the world’s second-largest economy.
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SPOT GOLD
Spot gold eased $1.42 to $1,592.31 an ounce by 0020 GMT, having risen slightly on Thursday as higher U.S. equities spurred bargain hunting.
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GOLD
Gold slipped in thin trade on Friday, heading for its worst weekly fall since March, as investors failed to shake off worries about Europe’s festering debt crisis which threatens to hurt global economic growth.
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U.S. MARKET UPDATE
U.S. stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred “significant mark-to-market losses” that it said could “easily get worse.”
S&P 500 futures fell 11.6 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Nasdaq 100 futures fell 16.75 points.
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Thursday, 10 May 2012
ASIAN STOCK
Asian shares fell and the euro stayed pressured on Wednesday, as political uncertainty continued to surround leadership changes in Greece and a French.
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U.S.STOCK
U.S. stocks fell for the fifth day in six on Wednesday as investors kept their focus on the turmoil in Europe, but news that Greece will receive its latest debt bailout payment helped cut losses late in the session.
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