Archive for September 2019
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Most Asian currencies firmed marginally on Wednesday as investors waited for the US Federal Reserve rate decision and its outlook for any further easing, while a drop in oil prices lifted units of large oil
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Sterling fell on Wednesday after British prices in August grew at their slowest pace since late 2016, while concerns about whether a last-minute Brexit deal was achievable also weighed on the currency. Prices of goods
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The Australian and New Zealand dollars on Wednesday came back up from recent lows against the greenback, though trading was light ahead of key economic data in both countries and an expected US interest rate
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On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,267. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.991 billion and the numbers of lots traded were 11,831.
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Chicago Board of Trade wheat futures eased on Tuesday in a profit-taking setback after recent one-month highs, pressured by adequate global supplies and lower corn and soya markets, traders said. CBOT December soft red winter
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Asia's gasoline profit margin rose almost 10 percent to $9.56 a barrel on Tuesday, highest since August 2018 while naphtha crack almost doubled to $64.70 a tonne as attacks on Saudi oil facilities crippled supplies
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European wheat futures dipped on Tuesday in step with falling US markets, consolidating below a four-week high hit on Monday as traders awaited results of a purchase tender by Algeria, the biggest buyer of French
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US natural gas futures eased on Tuesday from the prior session's five-month high as gas followed the oil market lower after Saudi Arabia said it has fully restored it oil production. On Monday, oil futures
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The Karachi Port handled 137,188 tonnes of cargo comprising 99,735 tonnes of import cargo and 37,453 tonnes of export cargo including 7,702 loaded and empty containers during the last 24 hours ending at 0700 hours
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Panic buying seen on the cotton market on Wednesday following the Pakistan Cotton Ginner's Association (PCGA)'s fortnightly report, depicting over 26 percent decline in production against last year, dealers said. The official spot rate gained
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