The Chinese manufacturing PMI number was at 53.30 for April which showed expansion for a 5th
month, pointing to a soft landing. The Reserve Bank of Australia
lowered interest rates from 4% to 3.75% amid signs of a slowing economy
there. The US construction spending for March rose 0.1% but was less
than the expected 0.5% increase. The prior month data was revised down
from -1.1% to -1.4%. The ISM manufacturing for April was at 54.8 which
was better than the expected 53.0. The world
economic data is pointing to an uneven recovery as US, China, and
Germany are showing strength while rest of Europe laps behind. All eyes
will be on the US employment data and ECB interest rate decision later
on Thursday and Friday. The precious metals have
been range bound as traders wait for clearer directions before
committing to a position.
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Jun
|
1664
|
-0.01%
|
1657.5
|
1672.3
|
|
Pt-Jul
|
1575.2
|
0.21%
|
1560.4
|
1578.6
|
|
Pd-Jun
|
682.05
|
-0.10%
|
675.90
|
686.20
|
|
Ag-Jul
|
31.165
|
0.50%
|
30.790
|
31.365
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1661.25
|
1664
|
Rh
|
1390
|
|
Pt
|
1563
|
1566
|
Ru
|
115
|
|
Pd
|
679
|
681
|
Ir
|
1100
|
|
Ag
|
30.78
|
DJI
|
13327.34
|
113.71
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.3222
|
0.012467
|
1.6215
|
|
EUR
|
0.7563
|
0
|
0.94288
|
1.2264
|
|
JPY
|
80.21
|
106.06
|
0
|
130.059
|
|
GBP
|
0.6167
|
0.8154
|
0.7689
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
119.69
|
Comex Copper
|
383.9
|
|
|
Crude WTI
|
106.15
|
Nat Gas
|
2.373
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
| |||
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