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| As on Jul 08, 2020 12:00 AM |
Your results on : Mid Session |
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Japan's current conditions index of the Economy Watchers' Survey, which measures the current situation of the economy, increased to 38.8 in June from 15.5 in May, survey data from the Cabinet Office showed on Monday. The outlook index that signals future activity rose sharply to 44.0 in June from 36.5 in the previous month. According to Economy Watchers, the severity of the coronavirus infection will remain severe but activity is picking up. Powered by Commodity Insights |
| NCDEX Mustardseed futures are staying supported amid steady demand trends in retail markets across the country. The offtakes from hotels and restaurant sectors should pick up in coming days. Overall trends in edible oil prices remains choppy though as traders are focussing on the heavy spurt in Kharif oilseeds sowing. The Mustard spot markets are witnessing tight supplies though, keeping the overall undertone supported for the commodity. NCDEX Mustardseed futures for August are currently quoting at Rs 4756 per quintal, up 0.44% on the day. Mustard futures have seen a very good rally over last one week, hitting a contract high above Rs 4800 mark on Monday. Powered by Commodity Insights |
| The total value of overall bank lending in Japan rose 6.2% on year in June, the Bank of Japan said on Wednesday - coming in at 570.111 trillion yen, following the 4.8% gain in May. Excluding trusts, bank lending rose an annual 6.5% to 497.758 trillion yen, accelerating from the 5.1% gain in the previous month. Lending from trusts gained 4.5% on year to 72.353 trillion yen, up from 2.7% a month earlier. Lending from foreign banks soared 10.1% to 3.242 trillion yen, easing from 12.1% in May. Powered by Commodity Insights |
| According to a latest update from the World Gold Council (WGC), the Gold-backed ETFs (gold ETFs) recorded their seventh consecutive month of positive flows, adding 104 tonnes (t) in June - equivalent to US$5.6bn or 2.7% of assets under management (AUM) - taking global holdings to new all-time highs of 3,621t1. This brings H1 global net inflows to 734t (US$39.5bn), significantly above the highest level of annual inflows, both in tonnage terms (646t in 2009) and US-dollar value (US$23bn in 2016). To put this strength of demand into context, H1 inflows are also significantly higher than the multi-decade record level of central bank net purchases seen in 2018 and 2019. Powered by Commodity Insights |
LME Inventories Data - 7 July 2020
Copper 195825 (-10,550), Aluminium 1618025 (-11250), Nickel 234216 (0), Lead 61800 (-2375), Zinc 122150 (-125). All figures in tonnes, Daily change in bracket. Powered by Commodity Insights |
| The US has sent a letter giving the United Nations a one-year notice for the US to quit the World Health Organisation (WHO), formalising President Donald Trump's decision to leave the agency. The Trump administration sent such an intimation to UN Secretary-General Antonio Guterres, making the US withdrawal official on July 6, 2021. Powered by Commodity Insights |
| The uptick in US coronavirus cases could dampen the recovery of the nation's economy, according to Raphael Bostic, the president of the Federal Reserve Bank of Atlanta. He noted that business reopening has leveled off. Powered by Commodity Insights |
| European Commission revised down its forecasts for the Eurozone economy to reflect a deeper contraction in 2020 and a weaker rebound in 2021. The Commission now expects the eurozone economy to shrink by 8.7% this year, rather than the 7.7% it expected at its last quarterly update in April. Euro zone will grow by 6.1%, rather than the 6.3% it originally forecast, noted European Commission. The Commission noted that the heavy impact of the virus across the U.S. and key emerging export markets such as Latin America and India would crimp Europe's ability to export its way out of recession. Powered by Commodity Insights |
UK house prices dropped for the fourth consecutive month in June amid a gradual relaxation of coronavirus containment measures, data from the Lloyds Bank subsidiary Halifax and IHS Markit showed Tuesday. House prices fell marginally by 0.1 percent month-on-month in June, following a 0.2 percent drop in May. On a yearly basis, house prices advanced 2.5 percent but slower than the 2.6 percent increase seen in May. In three months to June, house prices were down 0.9 percent from the preceding three months. Powered by Commodity Insights |
| Large base metals speculators continued to increase their net long positions in the Copper futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 20577 net contracts in the data reported through June 29th 2020. This was a weekly jump of 3879 net contracts from the previous week. The net longs are now at the highest mark in nearly 15 months. The commercial traders' position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -21684 contracts, recording a weekly change of -3266 net contracts. Powered by Commodity Insights |
| Large precious metals speculators trimmed their bullish net positions in the Silver futures markets marginally last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 37601 contracts in the data reported through June 29th 2020. This was a weekly fall of 322 net contracts from the previous week and took the speculative longs off three month high. Meanwhile, the commercial trader's position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -50274 contracts on the week. This was a weekly change of 563 net contracts. Powered by Commodity Insights |
Germany's industrial production grew 7.8 percent on a monthly basis in May, in contrast to a revised 17.5 percent fall in April, helped by an easing of lockdown measures, Destatis reported Tuesday. On a yearly basis, industrial production declined 19.3 percent versus a revised 25 percent decrease in April. Excluding energy and construction, industrial production was up 10.3 percent in May. Energy production gained 1.7 percent in May and construction output grew 0.5 percent. Powered by Commodity Insights |
| Large energy speculators sharply cut their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 543826 contracts in the data reported through June 29th 2020. This was a slide of 17057 contracts. The commercial trader's position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -570385 contracts on the week. This was a weekly change of 25493 net contracts. Commercial traders are the least bearish in last seven weeks. Powered by Commodity Insights |
| Large precious metals speculators continued to increase their net long positions in the Gold futures markets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 266670 contracts in the data reported through June 29th 2020. This was a weekly spurt of 14713 net contracts. The net long positions have hit a four month high. The commercial traders' position, hedgers or traders engaged in buying and selling for business purposes, totaled a net short position of -301463 contracts on the week. This was a weekly change of -14171 net contracts. The commercial traders have not been this bearish in last four months. Powered by Commodity Insights |
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