21 Jul 2018 | 9:02 PM
Research Report

Commodity Research Report: Monthly Newsletter - October 2014

Commodities & Currency Market Monthly Newsletter - October 2014
01 Oct 2014 | 07:10 PM

The U.S Fed cut monthly assets purchase by 10bn USD to 15bn USD. It will purchase 5bn USD per month in Mortgage-based Securities.

U.S Non-farm payrolls rose less-than-expected last month. In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 142K, from 212K in the preceding month whose figure was revised up from 209K.

A key gauge of China's manu-facturing held steady in Septem-ber, official data showed, sug-gesting that economic growth has somewhat stabilized but at a modest level. China's official manufacturing Purchasing Man-agers Index registered 51.1 in September, unchanged from August.

Agri Markets showed a general bearish trend in the month of September. Delayed arrival of Monsoon had adversely affected the sowing for many Kharif crops. But a Monsoon revival in end-August kept up hopes of an improved productivity for the sown crop. This minimized pos-sibilities of a significant fall in production this year.