Energy:
Oil
prices edge up on tighter U.S. fuel market
Oil prices edged up on
Friday, pushed by a tighter U.S. fuel market and as technical indicators attracted
buying from financial players.
Following a dip in early
trading, international Brent crude futures (LCOc1) were trading at $52.08 per
barrel at 0149 GMT, up 5 cents from their previous close.
After falling below $50 a
barrel on Thursday, U.S. West Texas Intermediate (WTI) crude (CLc1) was trading
at $50.63 per barrel, up 19 cents from the last close,
Oil prices rose overnight
despite rising stockpiles in the U.S., as fuel supplies in the U.S. fell to the
lowest level this year.
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Currency:
Yen turns slightly weaker, Aussie rebounds ahead of China
prices
The yen turned weaker on Friday in Asia and the Aussie rebounded
slightly ahead of closely-watched consumer and producer prices data from China.
Ahead, China reports CPI for September with a gain of 0.3% seen
month-on-month and a 1.6% increase year-on-year. As well PPI data is expected
to show a fall of 0.3% year-on-year.
Earlier in Japan, the PPI for September fell 3.2% as expected
year-on-year and came in flat, compared to a 0.1% month-on-month seen. USD/JPY
traded around 103.83.
Australia's central bank
released a financial stability review that highlighted some regional risks in
apartment construction.
Base
Metals: London copper hangs near one-month low
London copper hovered near a one-month low on Friday after poor
Chinese trade data stoked jitters about demand in the world's top metals user,
while zinc and lead faced steep weekly falls on the prospect of improving
supply.
China's exports dropped 10 percent from a year earlier in
September, far worse than expected, while imports unexpectedly shrank after
picking up in August, suggesting signs of steadying in the world's No.2 economy
may be short-lived.
China's copper imports
hit their weakest since February 2015, while its aluminum exports grew,
underlining oversupply in the metal and sparking sales that saw most contracts
fall 1-2 percent.
Bullions: Gold prices hold gains in Asia as China prices data
stronger than seen
Gold prices stayed
positive in Asia on Friday after stronger than expected gains in China consumer
and producer prices data.
Gold for December
delivery on the Comex division of the New York Mercantile Exchange rose 0.08%
to $1,258.55 a troy ounce.
Also on the Comex, silver
futures for December delivery gained 0.07% to $17.473 a troy unce and copper
futures edged up 0.05% to $2.124 a pound.
China reported CPI for
September with a gain of 0.7% month-on-month, well above the 0.3% pace seen and
led by food prices, and a 1.9% increase year-on-year, faster than the 1.6% rise
expected. As well PPI data rose 0.1% year-on-year, compared to a decline of
0.3% expected for the first positive growth since February 2012.
Agri Commodity: Spot
rubber continues to stay flat
Spot rubber continued to
rule unchanged on Thursday. RSS 4 finished steady at? 118 a kg, according to
the Rubber Board. October futures declined to? 118 (? 118.89), November to?
119.95 (? 122.39), December to? 121.90 (? 123.87) and January to? 123.00
(?124.80) on the National Multi Commodity Exchange.
RSS 3 (spot) weakened?
112.52 (? 113.92) at Bangkok.October futures dropped to ¥174.3 (? 112.42) on
the Tokyo Commodity Exchange.
|
Tracking Market
|
Oct 13 2016
|
Close
|
PrevClose
|
AbsChange
|
|
$ / Re.
|
66.93
|
66.52
|
0.41
|
|
Euro / $
|
1.1054
|
1.1008
|
0.0046
|
|
Light Sweet Crude Oil
|
50.55
|
50.20
|
0.35
|
|
Gold $ / OZ-
|
1259.40
|
1256.80
|
2.60
|
|
Silver $ / OZ-
|
17.51
|
17.50
|
0.02
|
|
$ / Yen
|
103.60
|
104.23
|
-0.63
|
|
|
On Oct 14 2016
|
Events
|
ET
|
IST
|
Forecast
|
Prev
|
|
Core Retail Sales m/m
|
8.30
|
18.00
|
0.4%
|
-0.1%
|
|
PPI m/m
|
8.30
|
18.00
|
0.2%
|
0.0%
|
|
Prelim UoM Consumer Sentiment
|
10.00
|
19.30
|
92.1
|
91.2
|
|
Fed Chair Yellen Speaks
|
01.30
|
23.00
|
|
|
|
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