Brent crude prices rose in choppy trading on Thursday, supported by supply concerns and geopolitical tensions, while U.S. crude fell as oil companies assessed damage after Hurricane Isaac’s trek through the region.
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Friday, 31 August 2012
SHANGHAI COPPER
The most active December copper contract on the Shanghai Futures Exchange fell 0.5 percent to 55,420 yuan ($8,700) per tone.
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LME COPPER
Three-month copper on the London Metal Exchange had edged up 0.1 percent to $7,575.25 per tone.
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COPPER
Copper was on track to snap four sessions of losses on Friday, edging up as investors covered short Positions ahead of the Jackson Hole meeting of central bankers that they hope will offer trading cues.
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GOLD
Gold held steady on Friday ahead of a speech by Federal Reserve Chairman Ben Bernanke, who may hint at a third round of U.S. bond-buying to stimulate the economy — a move which could prompt a turn to bullion as a hedge against inflation.
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U.S.MARKET UPDATE
The US accelerate their losses in the final minutes of trading to close near session lows, with the S&P 500 closing just below the key 1,400 level, a day ahead of the Fed’s Jackson Hole meeting and following reports that Spain may delay its decision on seeking a bailout.
Dow Jones Industrial Average fell 0.81% or 106.77 points at 13000.71. Nasdaq Composite slipped 1.05% or 32.48 points at 3048.71. Standard & Poor’s 500 shed 0.78% or 11.01 points at 1399.48.
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Thursday, 30 August 2012
ASIAN STOCK
Asian shares hit a one-month low on growth concerns while major currencies were range-bound on Thursday as investors waited to see whether U.S. Federal Reserve Chairman Ben Bernanke will give any hint about further U.S. stimulus in a speech on Friday.
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U.S.STOCK
U.S. stocks edged higher on Wednesday, continuing a string of low-volume sessions, as investors waited for a key speech by Federal Reserve Chairman Ben Bernanke on Friday.
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