Morale steady on expectation of hike in minimum selling price Continuous selling by mills and sufficient supply kept sugar prices steady at all levels for the fifth consecutive day. Production economics in key markets such as Brazil is better (mainly soybean and corn) with Australia benefiting from favorable weather conditions. Besides scanty rains, poor availability of better quality crop has also added to uptrend on moong. The railroad operator on Tuesday reported a quarterly profit that edged past analysts’ estimates as its cost-cutting moves helped it weather lower shipment volumes due to the COVID-19 pandemic. Agrawal said contrary to the government’s claim of a rise in crop output this year, pulse seeds production may see a decline of about 20 per cent. The mandis were flooded with substandard moong; the absence of quality crop was also behind the rising trend in moong. Besides scanty rains, poor availability of better quality crop has also aided the uptrend in moong.
For example, in terms of the euro, one must go back to September 30, 2018 to find the price of one euro at $1.1600. Currencies have been showing signs of strength against the Buck, with notable moves coming from the Euro and Australian Dollar, both pushing to fresh yearly highs. The foreign exchange market got behind Mr. Powell, and the value of the dollar began rising in late February 2018 and kept on rising. The euro is the second largest reserve currency behind the dollar. Dollar The dollar continues to weakening, and while the equity market seems unconcerned at this point, we will continue to monitor. The euro is likely to remain closely correlated with risk sentiment in the near term, which is driving dollar moves more broadly. Only then will the euro stand a chance of supplanting the dollar.
Elevated gold prices provide support to silver as they reflect an increase in demand for real money of which silver has a number of key credentials. It’s dropped to about 84-1, but that is still high by historical standards, meaning silver remains undervalued compared to gold. The high-resolution picture of the silver price overlaid with a silver basis. This is an all-time low in the price of silver, as measured in gold (the proper way to measure it, really). Besides trading the silver ETFs, you might also want to consider silver miners. Silver Vs U.S. 10-Year TIPS: Silver’s Monetary Credentials Shining Source: Bloomberg This should be good news for gold which continues to stair-step higher as the uptrend solidifies. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored.
The tiebreaker will be the Energy Information Administration (EIA) and next week’s data, where we should start to see crude oil start to draw again. The company said it produced 2.802 million barrels of oil equivalent per day (boepd) in the second quarter. Oil prices were down after an industry report showed that U.S. crude inventories rose sharply. Oil (OIL) is also pulling back after reaching a four-month high near $42.50 yesterday basis the September WTI contract. U.S. crude stockpiles rose by 7.5 million barrels in the week to July 17 to 531 million barrels, data from an industry body showed. Energy names were buoyed by a fourth-month-high oil price, with WTI Crude hitting $42 a barrel. Crude Value Insights offers you an investing service and community focused on oil and natural gas.
Until recently this meant the US president not even doing virus briefings – though these have just started again, and masks are now the new ‘not masks’. In times like this, despite a massive and rising budget deficit for the US, I believe big government is likely to be good news for the stock market. US President Donald Trump said that the situation with the COVID-19 epidemic could worsen even more. Through last week’s high, the Nasdaq 100 index surged 63.5 percent, and the Russell 2000 small cap index jumped 59.1 percent through its high early June. (One caveat: This possible stimulus package is not a fait accompli given that President Donald Trump has threatened to veto it if it doesn’t include a payroll tax cut.) In fact, Dr [Anthony] Fauci said we saved tens of thousands of lives when I closed the border,” Mr Trump said. If the Trump administration follows through with its threats to block the video-sharing app, a long list of Chinese social media companies could be next.
A spokesman in Beijing called the move an unprecedented escalation and said China will respond. Ecuador needs to manage its relationship with Beijing carefully. A spokesman in Beijing called the move unprecedented escalation and pledged retaliation. Following a suspicious document fire that we chronicled yesterday, Washington has turned the tensions with Beijing up to ’11’ by ordering the immediate closure of the Chinese consulate. Separately, President Xi Jinping urged Chinese companies to step up innovation and help stabilize employment. Beijing is fast becoming a liability for its tech companies. Because even as Beijing pushes back it will want to avoid triggering an even bigger escalation.
The EU can tap the bond market to pay for the fund, with financing spread out over seven years in line with the budget framework. Christine Lagarde, President of the European Central Bank will speak later in the day and will likely praise leaders for their achievement – reached after five exhausting days. The EU summit ended yesterday with EU leaders securing a €750 billion recovery fund, aimed at supporting European economies to recover from the effects of the coronavirus pandemic. French TGV high-speed train maker Alstom expects to secure European Union approval by the end of the month to buy Bombardier’s rail business, Chief Executive Henri Poupart-Lafarge said. After four days of negotiations, EU leaders have agreed on a $2 trillion economic recovery plan. The approval of the EU recovery fund, worth 750bn euros, set the ball rolling early doors in Europe with risk boosted and we never looked back. Pro-Brexit supporters celebrating in Parliament Square, after the UK left the European Union on 31 January.1