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MTECHTIPS:-COMMODITY NEWS
US Advance GDP rose to 2 percent in Q3 of 2012 Japan’s Retail Sales increased by 0.4 percent in September.US Core Durable Goods Orders increased by 2 percent in September.US Unemployment Claims fell to 369,000 in the w/e 19th OctoberUS markets floor trading will remain closed due to Hurricane Sandy on Monday and Tuesday.Asian markets are trading on a mixed note anticipating stimulus measures to be announced by the Bank of Japan in its meeting to be scheduled tomorrow and favorable US GDP data. However, decline in the Japan retail sales is expected to create bearish market sentiments. US Advance Gross Domestic Product (GDP) rose to 2 percent in Q3 of 2012 from previous rise of 1.3 percent in Q2 of 2012. Advance GDP Price Index also rose to 2.8 percent in Q3 of 2012 as against a rise of 1.6 percent a quarter ago. Revised UoM Consumer Sentiment declined by 0.5
points to 82.6-level in October as compared to previous mark of 83.1 in September. Revised UoM Inflation Expectations remained unchanged at 3.1 percent in the month of October.US dollar Index (DX) gained 0.6 percent due to rise in the risk aversion amongst market participants and thereby increase in the demand for the low yielding currency that is DX. Worries that US Federal Reserve might adjust the stimulus measures after observing favourable data from the US economy supported an upside in the currency. However, some of the gains were erased on Friday after positive US GDP data for the third quarter, increased the risk appetite of the market participants thereby declining the demand for the low yielding currency that is DX.US equities declined in the last week due to poor corporate earnings. However, sharp downside in the US equities were capped due to favorable data from the US economy, the currency touched a weekly high of 80.38 and closed at 80.16 on Friday.The Indian Rupee appreciated by 0.5 percent in the last week. The currency appreciated taking cues from increase in the FII inflows. However, month end dollar demand from the oil refiners and companies along with weak global market sentiments cushioned sharp appreciation in the currency. The currency touched a weekly high of 53.30 and closed at 53.55 on Thursday. For the current month FII inflows totaled at Rs. 12,006.60 crores till 25th October 2012. While year to date basis, net capital inflows stood at Rs. 94,337.40 crores till 25th October 2012.
US Advance GDP rose to 2 percent in Q3 of 2012 Japan’s Retail Sales increased by 0.4 percent in September.US Core Durable Goods Orders increased by 2 percent in September.US Unemployment Claims fell to 369,000 in the w/e 19th OctoberUS markets floor trading will remain closed due to Hurricane Sandy on Monday and Tuesday.Asian markets are trading on a mixed note anticipating stimulus measures to be announced by the Bank of Japan in its meeting to be scheduled tomorrow and favorable US GDP data. However, decline in the Japan retail sales is expected to create bearish market sentiments. US Advance Gross Domestic Product (GDP) rose to 2 percent in Q3 of 2012 from previous rise of 1.3 percent in Q2 of 2012. Advance GDP Price Index also rose to 2.8 percent in Q3 of 2012 as against a rise of 1.6 percent a quarter ago. Revised UoM Consumer Sentiment declined by 0.5
points to 82.6-level in October as compared to previous mark of 83.1 in September. Revised UoM Inflation Expectations remained unchanged at 3.1 percent in the month of October.US dollar Index (DX) gained 0.6 percent due to rise in the risk aversion amongst market participants and thereby increase in the demand for the low yielding currency that is DX. Worries that US Federal Reserve might adjust the stimulus measures after observing favourable data from the US economy supported an upside in the currency. However, some of the gains were erased on Friday after positive US GDP data for the third quarter, increased the risk appetite of the market participants thereby declining the demand for the low yielding currency that is DX.US equities declined in the last week due to poor corporate earnings. However, sharp downside in the US equities were capped due to favorable data from the US economy, the currency touched a weekly high of 80.38 and closed at 80.16 on Friday.The Indian Rupee appreciated by 0.5 percent in the last week. The currency appreciated taking cues from increase in the FII inflows. However, month end dollar demand from the oil refiners and companies along with weak global market sentiments cushioned sharp appreciation in the currency. The currency touched a weekly high of 53.30 and closed at 53.55 on Thursday. For the current month FII inflows totaled at Rs. 12,006.60 crores till 25th October 2012. While year to date basis, net capital inflows stood at Rs. 94,337.40 crores till 25th October 2012.
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