5/31/2012 10:15:00 AM
Your Advisor
Commodity Live updates
- GOLD FALLS FOR 2ND DAY AS SPAIN FEARS DENT AERO.- OIL FALLS ON SPAIN, CHINA WORRIES.
- COPPER FALLS ON SPAIN WOES , CHINA LENDS SUPPORT.
- INDIAN SPICES TRADE LOW ON WEAK EXPORT DEMAND.
MCX Market Data
|
Date
|
Time
|
Currency |
Economic
Data |
Forecast
|
Previous
|
|
THU
31ST
MAY
2012
|
05:00 PM |
USD
|
Challenger Job Cuts y/y
|
|
11.20%
|
|
05:30 PM |
USD
|
FOMC Member Pianalto Speaks
|
|
|
|
|
5:45pm
|
USD
|
ADP Non-Farm Employment Change
|
145K |
119K
|
|
|
6:00pm
|
USD
|
Prelim GDP q/q
|
1.90%
|
2.20%
|
|
|
6:00pm
|
USD
|
Unemployment Claims
|
369K
|
370K
|
|
|
6:00pm
|
USD
|
Prelim GDP Price Index q/q
|
1.50%
|
1.50%
|
|
|
7:15pm
|
USD
|
Chicago PMI
|
56.7 |
56.2
|
|
|
8:00pm
|
USD
|
Natural Gas Storage
|
75B |
77B |
|
|
08:30 PM |
USD
|
Crude Oil Inventories
|
0.2M |
0.9M |
Copper Updates
MCX Copper down by almost 1.38%. Expected down for today's sesson.London copper dropped to its lowest level for the year on Thursday, extending the previous session's more than 2 percent fall, as investors continued to exit riskier assets amid mounting worries about the euro zone debt crisis.Faded optimism over more stimulus packages in China and weak data out of the U.S. property market also dragged down prices.
Three-month copper on the London Metal Exchange edged down $2.25 to $7,472.75 a tonne by 0116 GMT, after hitting $7,422.75 earlier, its lowest level since Dec. 29. The most-active September copper contract on the Shanghai Futures Exchange fell 1.6 percent to 54,440 yuan ($8,600) a tonne, bouncing off an earlier low of 54,280 yuan, its lowest level since Dec. 20.
