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Friday, 12 July 2013
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Data
* India's CPI inflation picks up to 9.87 pct in June
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* India revises April industrial output to 1.9 pct from previously revised 2.3 percent y/y - govt
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Crude oil rips
* India's June oil imports up 13.74 pct y/y at $12.7 bln - trade ministry official
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News
* China finance minister says sustained US growth supports quantitative easing exit, but jobless rate suggests it's still too early
News
<p>
<ul>
<li>Copper and gold prices surged on Thursday on signs that the U.S. Federal Reserve may maintain economic stimulus longer than investors had expected.</li>
<li>In crop markets, most grain prices rose on position-squaring ahead of Friday's monthly U.S. government crop report. Arabica coffee futures edged higher on speculative buying.</li>
<li>Copper's benchmark three-month futures contract closed up $175 at $7,000 a tonne on the London Metal Exchange. It peaked at $7,049.25 during the session, a high since June 18.</li>
<li>U.S. gold futures for August delivery settled up 2.6 percent at $1,279.90 an ounce on New York's COMEX exchange. Ut had rallied as much as 4 percent earlier to a 2-1/2 week high of $1,297.20. The spot price of gold was up 1.3 percent at above $1,280 by 1:50 p.m. EDT (1750 GMT).</li>
</ul>
</p>
Thursday, 11 July 2013
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Fed
* U.S. Crude oil futures extend gains, hit session high after FED minutes
Wednesday, 10 July 2013
Global news
<p>
<ul>
<li>MSCI's all-country world equity index was up 0.22 percent.</li>
<li>The Dow Jones industrial average was down 36.39 points, or 0.24 percent, at 15,263.95. The Standard &amp; Poor's 500 Index was down 3.98 points, or 0.24 percent, at 1,648.34. The Nasdaq Composite Index was up 0.62 points, or 0.02 percent, at 3,504.89.</li>
<li>The broad FTSEurofirst 300 index of leading regional European companies closed down 0.04 percent at 1,188.49.</li>
<li>The euro rose as high as $1.2861 and was last trading at 1.2848, up 0.53 percent on the day.</li>
<li>The benchmark 10-year U.S. Treasury note was down 5/32 in price to yield 2.6588 percent.</li>
<li>German&nbsp;Bund futures fell as low as 142.41, 15 ticks lower on the day, having traded as high as 142.87 earlier. Bunds were last two ticks lower at 142.54.</li>
<li>Oil rose on both sides of the Atlantic, with the U.S. benchmark climbing to a 14-month high above $105 a barrel, buoyed by a sharp decline in fuel stockpiles in the United States, the top oil consumer.</li>
<li>U.S. crude rose $2.04 to $105.57 a barrel. Brent gained 46 cents to trade at $108.27.</li>
</ul>
</p>
Gold
* Spot Gold turns higher, up 0.6 pct at $1,256/oz after FED minutes
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Tuesday, 9 July 2013
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Monday, 8 July 2013
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