At 06:00 SAST today, Brent crude oil fell 0.8% to trade at $110.76/bl, after the official Chinese manufacturing index indicated a slower pace of expansion in February.  Moreover, a Bloomberg survey showed that OPEC crude oil production rose for the first time in six months in February. Yesterday, Brent crude oil fell 0.9% to settle at $111.66/bl. 

Yesterday, corn spot prices rose 1.3% to $7.24/bushel, after the US Department of Agriculture reported that net weekly export sales of corn came in at 302,600.00t for the 2012/2013 marketing year, 28.0% higher from the prior four week average.

At 06:00 SAST today, gold prices advanced 0.1% to trade at $1,580.57/oz. Yesterday, gold declined 1.1% to close at $1,579.58/oz, as the US dollar strengthened against its major counterparts.

Yesterday, copper declined 0.7% to close at $7,784.00/mt. Aluminium closed 0.7% lower at $1,961.75/mt. The International Monetary Fund warned that it is likely to cut its 2013 growth forecast for the US, if the automatic spending cuts would come into effect.

Thank you Anchor Capital

Back Back to top

Forex Risk Warning