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| As on Apr 23, 2021 12:00 AM |
Your results on : Mid Session |
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| The US dollar rose yesterday as a bounce from seven week lows extended for the dollar index. The European Central Bank (ECB) said yesterday that it is keeping its monetary policy unchanged. Preserving favorable financing conditions over the pandemic period remains essential to reduce uncertainty and bolster confidence, thereby underpinning economic activity and safeguarding medium-term price stability, ECB President Lagarde said at a press conference on Thursday. The ECB said Will continue to conduct net asset purchases under PEPP until at least the end of March 2022. Incoming economic data, surveys and high-frequency indicators suggest that economic activity may have contracted again in the first quarter of this year, but point to a resumption of growth in the second quarter, Lagarde noted. This benefitted the dollar while pulling the Euro lower and the EUR/USD pair fell near a seven week low of 1.2070. The Dollar index moved up above 91 mark following this and currently lingers at 91.18, down marginally on the day. Powered by Commodity Insights |
Japan consumer prices were down 0.2 percent on year in March, following the 0.4 percent contraction in February, the Ministry of Internal Affairs and Communications said on Friday. Core CPI, which excludes volatile food prices, was down 0.1 percent on year following the 0.4 percent decline in the previous month. Individually, prices were up for housing, furniture, clothing and recreation, while they were lower for food, fuel, medical care and education. On a monthly basis, overall inflation and core CPI were both up a seasonally adjusted 0.2 percent. Powered by Commodity Insights |
Australia manufacturing sector expands further in April with a survey record manufacturing PMI score of 59.6, flash estimate from Markit Economics revealed on Friday. That's up from 56.8 in March and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually, the upturn was associated with improved client confidence, buoyant market conditions, strengthening demand, the easing of COVID-19 restrictions and low interest rates. Aggregate new orders likewise increased at a survey-record pace, while the rise in total sales was supported by a recovery in new export orders. Also, the services index improved to 58.6 in April from 55.5 in March and the composite index climbed to 58.8 in April from 55.5 in March. Powered by Commodity Insights |
Japan manufacturing sector continued to pick up steam with a manufacturing PMI score of 59.6 in April, flash estimate from Jibun bank revealed on Friday. That's up from 53.3 in March and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually, both output and new orders expanded at their fastest rate since April 2018, while new export orders also accelerated. Business sentiment improved in April, marking the 11th straight month of optimism among Japanese manufacturers. Also, the services index improved to 48.3 in April from 46.5 in March and the composite index climbed to 50.2 in April from 49.9 in March. Powered by Commodity Insights |
LME Inventories Data - 22 April 2021. Copper 158975 (-475), Aluminium 1802450 (-6800), Nickel 264246 (-360), Lead 113350 (-1125), Zinc 293550 (-25). All figures in tonnes, Daily change in bracket.
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| WTI Crude oil futures consolidated around a one week low of $61 per barrel as supportive equities capped the downside for oil after prices fell from a one month high. WTI Crude is trading at $61.27 per barrel, down marginally on the day. MCX Crude oil is trading at Rs 4610 per barrel, down 0.60% on the day after testing a low of Rs 4561 a barrel in intraday moves. European equities saw cautious moves as the European Central Bank is scheduled to deliver its latest monetary policy announcement today. In US, Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc's sell-off after its disappointing results a day earlier. Both the S&P 500 and Dow hit all-time highs. Powered by Commodity Insights |
UK manufacturing orders grew at the fastest pace in two years and the optimism among manufacturers rose the most since 1973, survey results from the Confederation of British Industry showed on Thursday. The order book balance rose to +5 percent in three months to April from -12 percent in January, the latest Industrial Trends survey revealed. This was the biggest growth since April 2019. A net 6 percent said domestic orders grew at the fastest pace since July 2018, while export orders were almost flat. About 20 percent manufacturers expect new order growth to accelerate next quarter and around 36 percent expects output to pick up rapidly. Business sentiment in the quarter to April advanced to +38 percent from -22 percent in January. This was the fastest growth since April 1973. Powered by Commodity Insights |
| The World Gold Council noted in a latest retail investor survey update that Gold accounted for four out of every ten investment products bought over the previous 12 months in Vietnam. The country is one of the largest gold investment markets in South East Asia and gold is part of every day life in Vietnam, owned by 72% of investors. When asked about how they might invest their money, gold was the first investment product that came to mind for 68% of the survey participants. Powered by Commodity Insights |
| French manufacturing confidence rose in April, monthly survey data from the statistical office Insee showed on Thursday. The manufacturing sentiment index advanced to 104 in April from 99.0 in March. The reading exceeded its long-term average of 100 for the first time since February 2020. Powered by Commodity Insights |
| The MCX Nickel futures extended losses today as a slide from five week highs continued. Traders focused on a tepid undertone in the global base metals prices as COMEX Copper eased from its seven week high today. MCX Nickel fell around 1.26% to trade at Rs 1209 per kg. The metal is currently lingering just above its three week low on MCX. Meanwhile, global Nickel market is eying a rise in supplies. Nornickel, the world's largest producer of high-grade nickel, this week announced its preliminary consolidated production results for the first quarter of 2021. In Q1 2021, the company's consolidated nickel production decreased 10% q-o-q to 47 kt. The company noted that recent unfortunate incidents in Norilsk had a negative impact on nickel and copper production volumes of the company in Q1 2021. However, the company announces plans to ramp up output at its state-of-the-art nickel refinery in Finland, keeping a check on the global Nickel prices. Powered by Commodity Insights |
| WTI Crude oil futures stayed slippery amid rising US crude inventories and profit selling pressure after the commodity hit one month high. WTI Crude currently trades at $61.11 per barrel, down 0.40% on the day. These are the lowest levels in last one week for oil. MCX Crude oil futures also eased following the global selloff and currently trade at Rs 4588 per barrel, down 1% on the day. The US oil stockpiles climbed in the last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose 594,000 barrels last week. At 493.0 million barrels, US crude oil inventories are about 1% above the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 16, 2021. US crude oil refinery inputs averaged 14.8 million barrels per day during the week ending April 16, 2021, which was 286,000 thousand barrels per day more than the previous week's average. Refineries operated at 85.0% of their operable capacity last week. US crude oil imports averaged 5.4 million barrels per day last week decreased by 448,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.9 million barrels per day, 5.0% more than the same four-week period last year. Powered by Commodity Insights |
S&P Global Ratings maintained Japan's sovereign ratings with 'stable' outlook on Wednesday. The rating was affirmed at 'A+' citing the country's exceptional external position, prosperous and diversified economy, political stability, and savings-rich financial system. Nonetheless, Japan has very weak public finances. In the next one to two fiscal years, the negative impact of the COVID-19 pandemic will put additional burden on fiscal performance and lead to a significant increase in government indebtedness, the agency observed. The 'stable' outlook suggested that, until fiscal 2024, relatively large fiscal deficits will continue to keep upward pressure on the general government debt-to-GDP ratio. Powered by Commodity Insights |
LME Inventories Data - 21 April 2021. Copper 159450 (-900), Aluminium 1809250 (-3375), Nickel 264606 (132), Lead 114475 (-425), Zinc 293575 (-50). All figures in tonnes, Daily change in bracket
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| India's agricultural and allied exports during 2019-20 were Rs. 2.52 lakh Crores and imports were Rs.1.47 lakh Crores. Even, during the difficult time of Pandemic, India continued to export. The export of Agri and allied commodities during Apr,2020 - Feb,2021 were Rs. 2.74 lakh Crore as compared to Rs. 2.31 Crore in the same period last year indicating an increase of 18.49%. The commodities which posted significant positive growth in exports were wheat, Other Cereals, Rice (other than Basmati), Soya meal, Spices, Sugar, Raw Cotton, Fresh Vegetable, Processed Vegetables, and Alcoholic Beverages etc. The imports of Agri and allied commodities during April, 2020 - Feb, 2021 were Rs. 141034.25 Crore as compared to Rs. 137014.39 Crore in the same period last year witnessing a slight increase of 2.93%. Despite COVID-19, balance of trade in agriculture has favorably increased during April, 2020 - Feb, 2021 to Rs. 132,579.69 Crore as against Rs. 93,907.76 Crore during the same period in 2019-20. Powered by Commodity Insights |
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