Agriculture
Former MP and Swabhimani Shetkari Sanghatana leader Raju Shetti said that mills don’t share the profit with farmers they earn when sugar prices soar in international and domestic markets. Our of 188 sugar factories 86 have paid 100 per cent FRP while 65 have paid FRP between 60-99 per cent FRP. As of now, Maharashtra mills are gearing up to export about 20 lakh ton sugar. Money managers and hedge funds cut their bullish bet in raw sugar by 2,919 contracts for the period, bringing their net long position in the sweetener to 131,390 contracts.
The sugar commissioner has issued RRC to 13 mills. mill prices of sugar. Coffee robots may or may not be in our future, but for now, gummy bears are a safer bet. The future of American manufacturing may not rely on ultra-flat-screen TVs, robotic coffee baristas or even electric vehicles. Then it announced a plan to produce futuristic coffee kiosks, only for that plan to fall apart, too. Global Business Seen Facing $53 Billion Hit From Deforestation Those sourcing commodities such as cattle, soybeans or rubber stand to lose without action.
The sugar commissioner has issued RRC to 13 mills. mill prices of sugar. Coffee robots may or may not be in our future, but for now, gummy bears are a safer bet. The future of American manufacturing may not rely on ultra-flat-screen TVs, robotic coffee baristas or even electric vehicles. Then it announced a plan to produce futuristic coffee kiosks, only for that plan to fall apart, too. Global Business Seen Facing $53 Billion Hit From Deforestation Those sourcing commodities such as cattle, soybeans or rubber stand to lose without action.
Currencies
The Turkish lira tumbled against the dollar after President Tayyip Erdogan shocked investors by replacing Turkey’s hawkish central bank governor with a critic of high interest rates. The Turkish lira tumbled against the U.S. dollar after President Tayyip Erdogan shocked investors by replacing Turkey’s hawkish central bank governor with a critic of high interest rates. The dollar index (DXY) Wave iv of (c) of iv) expecting the dollar to move higher placing pressure on gold.
“The Turkish lira stood at 8.0990 per dollar in Asia, down 11 per cent from its close on Friday. Gold prices fell as investors opted for alternative safe-haven assets such as the dollar and Treasury bonds. Gold prices fell as investors opted for alternative safe-haven assets such as the U.S. dollar and Treasury bonds. In global markets, gold today edged lower amid a strong dollar and hardening US bond yields. He has already said everything about the Central Bank’s monetary policy in his previous speeches, so his remarks are not likely to have a strong impact on the dollar.
Worries that events in Turkey will cause disruptions in other financial markets also supported the dollar because of its status as a safe-harbour currency. That saw the dollar and bond yields tick higher, with the latter holding near its highest levels in about 14 months on Monday.
“The Turkish lira stood at 8.0990 per dollar in Asia, down 11 per cent from its close on Friday. Gold prices fell as investors opted for alternative safe-haven assets such as the dollar and Treasury bonds. Gold prices fell as investors opted for alternative safe-haven assets such as the U.S. dollar and Treasury bonds. In global markets, gold today edged lower amid a strong dollar and hardening US bond yields. He has already said everything about the Central Bank’s monetary policy in his previous speeches, so his remarks are not likely to have a strong impact on the dollar.
Worries that events in Turkey will cause disruptions in other financial markets also supported the dollar because of its status as a safe-harbour currency. That saw the dollar and bond yields tick higher, with the latter holding near its highest levels in about 14 months on Monday.
Metals
Amidst this, gold bugs have put their foot down at dual support, rallying the metal the last two weeks. Last week (as of Tuesday), non-commercials added to their net longs in gold futures for the first time in seven weeks. Gold (GLD) had been flirting with the $1750 area last week and has come back offered today and is straddling the $1730 level in the European morning. Amid weak global cues, gold prices today slipped below the key Rs 45,000 level in Indian markets while silver rates tumbled.
On MCX, gold futures dipped 0.1% to Rs 44981 per 10 grams while silver futures slumped 1.4% to Rs 66,562 per kg. Jerome Powell is due to testify with Treasury Secretary Janet Yellen over the response to the pandemic Gold (GLD) trades within its descending channel dating back to early January. BEFORE THE BELL Futures for Canada s main stock index were subdued due to lower oil and gold prices. Gold prices for the latest contract on MCX are trading down by 0.7% at Rs 44,689 per 10 grams.
A rising trend line drawn from that low was defended a couple of weeks ago when gold tagged $1,673.30 intraday. Gold peaked last August but they began to reduce exposure mid-February after accumulating record 353,649 contracts.
On MCX, gold futures dipped 0.1% to Rs 44981 per 10 grams while silver futures slumped 1.4% to Rs 66,562 per kg. Jerome Powell is due to testify with Treasury Secretary Janet Yellen over the response to the pandemic Gold (GLD) trades within its descending channel dating back to early January. BEFORE THE BELL Futures for Canada s main stock index were subdued due to lower oil and gold prices. Gold prices for the latest contract on MCX are trading down by 0.7% at Rs 44,689 per 10 grams.
A rising trend line drawn from that low was defended a couple of weeks ago when gold tagged $1,673.30 intraday. Gold peaked last August but they began to reduce exposure mid-February after accumulating record 353,649 contracts.
Oil
Saudi seaborne crude exports for last week were seen at 44.0 million bbl (6.3 million bpd) compared to the revised 41.5 million bbl (5.9 million bpd) the week prior. MARKETS TODAY OIL: Oil prices resumed their decline, falling on renewed concerns that European coronavirus lockdowns could slow any recovery in demand for fuel products. Most of Ecuador’s oil exports are committed to PTT and China’s PetroChina through 2024 after President Rafael Correa’s government obtained long-term credits backed by oil deliveries.
Oil prices resumed their decline, falling on renewed concerns that European coronavirus lockdowns could slow any recovery in demand for fuel products.
The data exclude trader positions in the NYMEX financial crude oil futures contract, which is normally included in our aggregate calculations. Palacios, who joined the refining firm in February 2019 when it severed ties from its parent company, Venezuela’s state oil firm PDVSA, stepped down as chairperson last October. According to Baker Hughes, the Oil Rig count in the US for last week increased by 9 to 318, while Natural Gas rigs held steady at 92.
Malaysian palm oil futures rose 1%, snapping a two-day decline, on an uptick in exports during March 1-20, although weakness in rival soyoil limited gains. Refinitiv Oil Research projects exports of Northwest European gasoline to the United States to stand at 365,000 tons this week, an increase of almost 20% in departure volumes week-on-week. Higher oil prices mean lower subsequent inflation, and vice versa:There is some intuition for this.
Oil prices resumed their decline, falling on renewed concerns that European coronavirus lockdowns could slow any recovery in demand for fuel products.
The data exclude trader positions in the NYMEX financial crude oil futures contract, which is normally included in our aggregate calculations. Palacios, who joined the refining firm in February 2019 when it severed ties from its parent company, Venezuela’s state oil firm PDVSA, stepped down as chairperson last October. According to Baker Hughes, the Oil Rig count in the US for last week increased by 9 to 318, while Natural Gas rigs held steady at 92.
Malaysian palm oil futures rose 1%, snapping a two-day decline, on an uptick in exports during March 1-20, although weakness in rival soyoil limited gains. Refinitiv Oil Research projects exports of Northwest European gasoline to the United States to stand at 365,000 tons this week, an increase of almost 20% in departure volumes week-on-week. Higher oil prices mean lower subsequent inflation, and vice versa:There is some intuition for this.
United States
Nasdaq Futures are trading up 75 points (up 0.6%) while Dow Futures are trading down 85 points (down 0.3%) The rupee is trading at 72.38 against the US$. BEFORE THE BELL Futures tracking the S&P 500 and the Nasdaq rose as bond yields eased from 14-month highs, setting up tech-related stocks for further gains. Futures tracking the S&P 500 and the Nasdaq rose as U.S. bond yields eased, setting up tech-related stocks for further gains. On Friday, the Fed said it’ll let a significant capital break for big banks expire at month’s end.
Nasdaq Futures are trading up by 68 points, while Dow Futures are trading down by 89 points. Contracts for the technology-focused Nasdaq-100 rose 0.4%, suggesting the tech sector will edge higher at the opening bell in New York. Favourable arbitrage conditions continue to drive high exports on the route as despite steady increases, refinery capacity in the US remains below pre-storm levels supporting to European refiners.
On paper, setting that expectation should boost tech stocks, which is what happened after the Fed’s meeting. The Fed’s minions signaled they were comfortable with allowing interest rates become negative, which is a change from the expectations they had previously set. The situation on the US debt market is stabilizing, as a result of which tension on the FX market is also easing.
Nasdaq Futures are trading up by 68 points, while Dow Futures are trading down by 89 points. Contracts for the technology-focused Nasdaq-100 rose 0.4%, suggesting the tech sector will edge higher at the opening bell in New York. Favourable arbitrage conditions continue to drive high exports on the route as despite steady increases, refinery capacity in the US remains below pre-storm levels supporting to European refiners.
On paper, setting that expectation should boost tech stocks, which is what happened after the Fed’s meeting. The Fed’s minions signaled they were comfortable with allowing interest rates become negative, which is a change from the expectations they had previously set. The situation on the US debt market is stabilizing, as a result of which tension on the FX market is also easing.
China
The PBOC is not an independent central bank, and decisions by the MPC require approval by the State Council.
Europe
Last week, China s ambassador to the EU warned the bloc not to interfere in its national security affairs, saying sanctions could fuel a confrontation. The EU will probably reject AstraZeneca vaccine exports to the U.K. until the drugmaker fulfills its delivery obligations to the bloc, a senior EU official told us last night. Additional curbs on vaccine exports is one of the key topics in this week s summit of EU leaders. PayPal Vaccine TensionsVaccine tensions are simmering, with the European Union ready to start withholding Covid-19 shots from the U.K. as the bloc seeks to catch up on inoculations.
EU leaders hold a summit on Thursday and Friday to discuss the pandemic, industrial policy, tensions in the Eastern Mediterranean and Russia. Permanent Representative to NATO, briefs media in Brussels EU foreign policy chief Josep Borrell meets Turkish Foreign Minister Mevlut CavusogluLike the Brussels Edition?Don t keep it to yourself. EU Vaccine Czar Signals No Need for Sputnik Doses are coming and the EU doesn t need Russia s Sputnik V vaccine.
German Chancellor Angela Merkel is considering extending the lockdown in Germany for a fifth month owing to a third wave of covid.
The European Commission announced the third wave of coronavirus, while German Chancellor Angela Merkel proposed to extend the country’s lockdown until April 18. The proposals are part of London’s attempts to retain its clout as a major financial center in a post-Brexit world and attract fast-growth technology firms to its stock exchange.
0 EU leaders hold a summit on Thursday and Friday to discuss the pandemic, industrial policy, tensions in the Eastern Mediterranean and Russia. Permanent Representative to NATO, briefs media in Brussels EU foreign policy chief Josep Borrell meets Turkish Foreign Minister Mevlut CavusogluLike the Brussels Edition?Don t keep it to yourself. EU Vaccine Czar Signals No Need for Sputnik Doses are coming and the EU doesn t need Russia s Sputnik V vaccine.
German Chancellor Angela Merkel is considering extending the lockdown in Germany for a fifth month owing to a third wave of covid.
The European Commission announced the third wave of coronavirus, while German Chancellor Angela Merkel proposed to extend the country’s lockdown until April 18. The proposals are part of London’s attempts to retain its clout as a major financial center in a post-Brexit world and attract fast-growth technology firms to its stock exchange.
