20 Jul 2018 | 4:23 PM
Research Report

Commodity Research Report: Commodity Monthly Newsletter

Federal Reserve surprised markets with announcement to maintain its bond purchases plan at their present pace against the market expectation of reduction by at least $10 billion.....
01 Oct 2013 | 06:05 PM

  •             HIGHLIGHTS:-

    • Federal Reserve surprised markets with announcement to maintain its bond purchases plan at their present pace against the market expectation of reduction by at least $10 billion.
    • The dollar nosedived after the U.S. Federal Reserve's surprise decision lends some support to riskier asset prices.
    • U.S. job growth was less than expected in August and the unemployment rate dropped to a 4-1/2-year low as workers gave up the search for work , nonfarm payrolls increased 169,000 in August while the unemployment rate fell to 7.3 percent, the lowest since December 2008
    • U.S. housing recovery seems to be losing steam as pending home sales fall in third straight month in August
    • The durable orders for U.S. manufactured goods barely grew in August in a possible sign that companies are holding back on investments due to uncertainty over government spending.
    • For the first time in nearly two decades, the US government has begun a partial shutdown from 1st of October after the two houses of Congress failed to agree a budget.
    • China trade data suggested overall imports and exports in August were stronger than expected, indicating that the world's top metal consumer may rule out any slowdown possibility. China's annual industrial output also rose 10.4 percent in August. 
    • China's August Industrial Output rose to 10.4%, grew at the fastest pace in 17 months and the broadest measure of new credit almost doubled from July.
    • China's manufacturing growth edged up only slightly in September as the official Purchasing Managers' Index (PMI) stood at 51.1 from August's 51.0, against expectation of 51.5.
    • Euro zone emerged from a 1-1/2-year recession in the second quarter, with growth of 0.3 percent, and German investor's sentiment jumped more than expected in September
    • Rupee rose by over five percent this month registering its first monthly gain after four consecutive months of losses.
    • The much awaited monetary policy by the new RBI governor Raghuram Rajan disappointed the markets as the repo rate was hiked by 25 basis points. CRR was kept unchanged at 4.0 percent.
    • India's current account deficit (CAD) for the first quarter ended June 2013 widened to $21.8 billion or 4.9 per cent of gross domestic product (GDP) as compared to 4 per cent in the same period of the previous financial year, however the deficit was narrower than expected.
    • Weak Dollar, weak exports and better crop sowing and sowing prospects keep sentiment weak for Spices. Good Monsoon rains are preventing the rates from rising much even as traders anticipate the export and domestic demand to start picking up in coming months.
    • Better Pulses production estimates too have a Bearish impact on Chana prices. Again, it is mainly the impact of a good Monsoon that Chana is unable to recover much. Lower dependency on imports could keep prices from flaring up a lot in coming months - despite the Festive season demand
    • Guar maintain weak trend on better crop sowing and good rains in Rajasthan. Exports to pick up by year-end but high stocks and better crop production estimates could limit the uptrend for this year, unless weather plays spoilsport in coming weeks