West Texas Intermediate crude oil futures were slipping on Thursday, cutting into a monthly gain as February nears its close, according to Bloomberg.
Sugar futures were climbing on Wednesday amid concerns that production from one of the sweetener’s largest producers is poised to drop, according to Bloomberg.
Prospects for reduced imports in the world’s second-largest generator prompted sugar futures to lose value on Thursday, according to Bloomberg.
Inclement weather threatening the world’s biggest producer is prompting sugar futures to mark their lengthiest bullish streak in nearly five months, according to Bloomberg.
Ten-year bonds issued by India climbed on Tuesday as the yield dropped to their lowest level in nearly two weeks, Bloomberg reports.
Gold futures achieved moderate gains on Monday as the world’s reserve currency hit a rough patch, according to Reuters.
The monetary unit of India advanced from its lowest value in about 60 days against the world’s reserve currency after the central bank implemented a surprise increase in borrowing costs, according to Bloomberg.
Over the last two weeks, the outlook for the global economy has fostered some widespread confusion. The December US Non-Farm Payroll gain was clearly disappointing, but that news was countervailed by increased attention on the decline in the US unemployment rate.
Indications about growing inventories in India tugged down sugar futures on Monday as the sweetener endured its sharpest losses in nearly one month, according to Bloomberg.
The gold market should be in demand as a hard currency, but it simply has been pressured by the allocations from investors spreading into the Stock Indexes and many other products. The strength of the US Dollar puts pressure on the gold market while the tapering of the quantitative easing should increase the strength of… Read more.