Open: London Session | Forex, Metals, Oil, Agriculture June 09, 2021

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Agriculture

“But due to the recent rally in global prices, Indian corn has become competitive in the world market. “Farmers are likely to reduce area under corn crop this year as soybeans and pulses are giving them better returns. However, total Indian corn supplies are likely to be limited by competition from other crops. “Bangladesh and SriLanka have also been taking Indian corn. The stock of Greaves Cotton gained 5.7 per cent with extraordinary volume on Tuesday and has surpassed the 21- and 50-day moving averages.
Greaves Cotton has a significant support between ₹120 and ₹125 and has moved above the key resistance at ₹135 on Tuesday.

Metals

In his writing and research, Sumner specializes in monetary policy, the role of the international gold market in the Great Depression, and the history of macroeconomic thought. Gold is this relatively useless metal, mentioned something like 300 times in the Bible.

Oil

International oil benchmark Brent crude was trading 0.65 per cent higher at $72.69 per barrel. Oil prices extended their advance from recent weeks with WTI topping $70 per barrel.What We ve Been ReadingThis is what s caught our eye over the past 24 hours. The stagflation that set in after the 1973 Oil Embargo was finally ended after Paul Volcker raised the FFR to 20.06%.

United States

We can see how the Fed has used rate to control inflation, accelerate growth and, when needed, apply the brakes. No one would have predicted that Kanye West would suddenly help the Trump campaign and then switch to run for president! The rancor of the Trump era may be fading into memory, but resolving all the disputes will still be tricky despite the best of intentions. Equities on Wall Street ended on a positive note in overnight trade. Now let’s see the 10-year against the S&P 500 with some notes on Fed intervention.

Europe

The EU says Britain has not stuck to its commitments, while the government in London says the EU is not being flexible. Data released yesterday also shows Finns wealth is lower than the EU average.Today s AgendaAll times CET. Macron slapped.

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