Asian markets higher, gold hits fresh 2-week low

Oct 04, 2016 03:49 am UTC| Commentary

All the Asian indices were trading on a higher note on Tuesday. On the other side, gold and silver were trading around 2-week low. Gold hits fresh 2-week low at $1,308 and silver hits fresh 3-week low at $18.69...

Improvement in China's manufacturing PMI suggests near-term stabilization

Oct 03, 2016 16:41 pm UTC| Commentary

Data released by the National Bureau of Statistics (NBS) on Saturday showed that Chinas official Purchasing Managers Index (PMI) stood at 50.4 in September, unchanged from August, while the non-manufacturing PMI increased...

UK Prime Minister Theresa May announces deadline to trigger Article 50

Oct 03, 2016 15:08 pm UTC| Commentary

UK Prime Minister Theresa May has announced a March 2017 deadline to start the process of leaving the EU. In her first major speech on Brexit, May said that the UK would become a fully independent, sovereign country in the...

UK manufacturing PMI beats expectations, rises to highest level since mid-2014

Oct 03, 2016 14:38 pm UTC| Commentary

UK Markit/CIPS manufacturing Purchasing Managers Index (PMI) rose to 55.4 from 53.4 in August, beating expectations for a reading of 52.1. UK September manufacturing sector activity surprised the markets to the upside,...

German manufacturing PMI hits 3-month high in September

Oct 03, 2016 14:06 pm UTC| Commentary

Final seasonally adjusted Markit/BME Germany Manufacturing Purchasing Managers Index (PMI) hit a 3-month high in September, suggesting that Germanys manufacturing sector ended the third quarter on a positive note. Data...

Chart of the Day Series

Chart of the Day: New basket

Oct 03, 2016 14:00 pm UTC| Commentary Economy Central Banks

Chinese Yuan has become the official reserve currency as its gets included in the special drawing rights (SDR) basket. Yuans share is the third biggest in the basket with 10.92 percent. This also means that the official...

Commodities snapshot (precious & industrial)

Oct 03, 2016 13:44 pm UTC| Commentary

Metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is down today as it clearly lacks the next driving force to take it over $1400 area. Todays range $1312-1319 We expect...