Agri Buzz: Kharif Acreage Shows Recovery After Early Setback

Kharif planting has recovered after an early setback. The latest data showed that the total acreage stood at 413.34 lakh hectares (lh) as on 12h July 2019, compared with 452.3 lh covered in the corresponding week last year. This is still indicating a shortfall though the deficit has narrowed significantly and stands at 8.61%. This […]

Jeera prices may rise on bullish outlook

Kochi: Prices of jeera futures are expected to touch Rs 190 per kg, as a rebound in exports and higher anticipated local demand during the upcoming festive season makes the outlook bullish for the second largest exported spice from India over the coming weeks. Last November, jeera prices touched a high of Rs 212 per […]

Gold trades steady ahead of China GDP data

Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world’s second-largest economy. FUNDAMENTALS Spot gold was flat at $ 1,415.34 per ounce as of 0100 GMT. US gold futures were up 0.3 per cent at $ 1,416.50 an […]

Base Metals Preview: Copper Holds Steady

COMEX Copper stayed elevated amid bullish equities and steady buying support. The Dow and the S&P 500 reached new record closing highs, with the Dow closing above 27,000 for the first time ever. Federal Reserve Chair Jerome Powell highlighted global risks that could trigger a Fed rate cut in near term. The red metal has […]

Indian Rupee: Stays Cautious Ahead Of Key Macros

The Indian rupee commenced slightly lower against the dollar in early trades on Friday, 12 July 2019 ahead of the release of key macro-economic data. Rupee is trading in a narrow range ahead of the release of retail inflation and factory output data. Besides, rising crude oil prices, foreign fund outflows and cautious opening in […]

Gold Holds Steady, Fund Buying Remains Firm

COMEX Gold futures are holding steady ahead of the weekend as traders took a stock of the recent developments. The fund buying remains good in the metal though a surge in US equities to record highs is curbing the prices after the yellow metal hit a one week high near $ 1430 per ounce. The […]

Economic Buzz: Eurozone Industrial Production Rebounds In May

Eurozone industrial production grew 0.9 percent month-on-month in May after declining 0.4 percent in April, largely driven by consumer goods output, figures from Eurostat revealed Friday. This was the first increase in four months. Production was forecast to grow 0.2 percent. Durable and non-durable consumer goods output advanced 2.3 percent and 2.7 percent, respectively. Output […]