Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
PR: FTSE 100 Seen Flat After Rally, Commodities Fall
 
The FTSE 100 is seen marginally higher after making a gain of nearly 1% yesterday despite heavy losses in the financial sector, which were offset by a strong performance from miners.

Temporary power provider Aggreko (LSE: AGK) was in the lead with a 6% advance. Copper miner Kazakhmys (LSE: KAZ) and publisher Pearson (SLE: PSON) added about 5%, while beverage group SABMiller (SLE: SAB) climbed 4.5% and silver and gold miner Fresnillo (LSE: FRES) rose 4.3%.

Insurer Prudential (LSE: PRU) was the heaviest faller in the index with a 12% decline after buying AIG’s (NYSE: AIG) Asian insurance business for £24 billion. Another insurer Legal & General (LSE: LGEN) and bank HSBC (LSE: HSBA) followed with losses of 5%. Part-nationalised bank Lloyds (LSE: LLOY) lost slightly more than 4%, while insurer Aviva (LSE: AV) was down 4%.

US stock market also was on the rise yesterday. The Dow Jones Industrial Average ended the ay 0.75% higher, the broader S&P 500 index rallied 1% and the technology heavy NASDAQ composite surged 1.6%.

Asian markets were mixed today. Hong Kong’s Hang Seng slipped 0.8% and China’s Shanghai Composite Index slid 5%, while Australia’s S&P/ASX 200 tacked on 0.3,% Japan’s benchmark Nikkei 225 index added 0.5% and South Korea’s KOSPI rallied 1.3%.

Commodities

Oil prices were slightly lower from yesterday’s levels. April Brent Crude slid to US$76.75/barrel, while US light, sweet crude moved down to US$78.58/barrel.

Gold pulled back to US$1,116/oz after almost reaching US$1,120/oz. Silver and platinum followed, dropping to US$16.37/oz and US$1,546/oz respectively.

Base metals also declined. Copper and nickel slipped to US$3.29/lb and US$9.53/lb, while zinc was down to US$0.97/lb.

Car insurer Admiral Group (LSE: ADM), silver miner Fresnillo (LSE: FRES), ground engineering company Keller Group (LSE: KLR), telecom company Telit Communications (AIM: TCM), home builder Persimmon (LSE: PSN) and engineering firm Meggitt (LSE: MGGT) will report their final results today.

Source