Economic Buzz: UK Retailers Continue To Report Flat Volumes

UK retailers reported that sales volumes were flat for the third consecutive month in January and they expect no growth for next month, according to Distributive Trends Survey published by the Confederation of British Industry. The retail sales balance held steady at zero percent in January and the balance is expected to remain at zero […]

Local Demand Worries Weigh On MCX Gold

COMEX Gold futures eased further from three week high but stayed broadly supported on worries surrounding the spread of the coronavirus in China. Chinese authorities have announced that stock markets in Shanghai and Shenzhen will remain closed until February 3rd as fears over coronavirus continue to increase. The novel Coronavirus continues to accelerate. So far […]

Mentha oil may test support at Rs 1,186 level

By Vedika Sharad Narvekar Mentha oil futures on MCX finally breached its key support level at Rs 1,250 and settled 2.3 per cent lower last week. In the physical market, demand was sturdy. Exporters are also actively buying mentha oil. However, besides seasonal demand, all other fundamental factors are pointing toward further fall in the […]

Weak demand, China virus fears may take WTI crude to $50 level

Crude prices have succumbed to coronavirus fears and have been witnessing a huge selloff, as concerns over containing the China-originated coronavirus have impacted market sentiment. The main impact would be on aviation fuel, as air travel has taken a hit from lockdown in several cities in China, which is celebrating its New Year. The authorities […]

Gold eases ahead of Fed meeting; virus fears persist

Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2 per cent to $ 1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. US gold futures were flat at […]

Crude Recovers From Four Month Low

WTI crude oil futures crashed further amid demand worries as traders focused on the spread of the Coronavirus to affect the global economy. WTI Crude extended losses under $ 60 per barrel as International Energy Agency expected the global oil market to be in surplus by 1 million bpd in the first half of this […]

Sugar buyers nervous as Indian export surge fails to materialise

MUMBAI/LONDON: Global sugar buyers are growing increasingly nervous as a much touted surge of Indian sugar exports has failed to materialise, with some mills reluctant to sell even as global prices trade near 2-1/2-year highs. India’s government, hoping to rid the country of its vast surplus stocks, last year approved a sugar export subsidy of […]