Stock Market Trend – 28 June 2013

BASE METAL WRAP: Copper and the London Metal Exchange Index of six primary metals headed for the biggest quarterly declines since September 2011 amid as signs of slowing in China and uncertainty about the future of stimulus in the U.S.

ENERGY WRAP: West Texas Intermediate fluctuated between gains and losses after the biggest rally in almost two months as signs of economic recovery in the U.S. boosted the demand outlook in the world’s largest oil consumer. Natural gas futures tumbled to the lowest price in 16 weeks in New York after U.S. stockpiles increased more than forecast.

PRECIOUS METAL WRAP: Gold is poised for the biggest annual decline in more than three decades after gaining for 12 years as the Fed cut borrowing costs to a record to bolster the economy. Silver was set for its biggest quarterly loss since 1980.

GLOBAL EVENTS TO WATCH: Italian Prelim CPI m/m, EU Economic Summit, FOMC Member Stein Speaks, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.

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Stock Market Trend 27 June 2013

BASE METAL WRAP: Copper headed for a third quarterly drop, the worst run since 2001, on concern that slower growth in China, the biggest user, will damp metals demand. Aluminum, lead, nickel and zinc fell.

ENERGY WRAP: West Texas Intermediate climbed for a fourth day as U.S. refiners boosted crude processing to the highest rate this year and industrial profits increased in China, the world’s second-largest oil consumer.

PRECIOUS METAL WRAP: Gold and silver rose for the first time in four days, rallying from the lowest since August 2010, as investors weighed the Federal Reserve’s stimulus plans and bullion holdings in the top exchange-traded product held steady.

GLOBAL EVENTS TO WATCH: Trade Balance, ANZ Business Confidence, Current Account, Italian 10-y Bond Auction, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Pending Home Sales m/m, FOMC Member Dudley Speaks, FOMC Member Powell Speaks, Natural Gas Storage.

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COMMODITY TIPS FOR WEEKLY 17 June 2013

GOLD

Gold prices rising to five week high of Rs 28,090 per 10 grams was the feature of trading on the bullion market during the past week driven by hike in import duty and firming global trend, while a fag-end selling minimized the gains. Trading sentiment bolstered as government decided to increase import duty on gold from 6% to 8% to curb a record current- account deficit at a time when the World Gold Council predicts record quarterly demand for the metal in India.

SILVER

MCX silver future on last trading sitting closed at 43835 in consolidation. On daily live chart MCX silver future trend and drive both consolidate.  Silver on weekly chart showing flat closing in this week. This week MCX silver future made high at 44499 and low was 42682. On weekly chart MCX Silver future trend and momentum consolidated. In Comex Market, Silver almost broke the 22.00 level at the close of the week, ending just a few pips below as traders took advantage of the weak US dollar to grab up the commodity. Silver traded in a very tight range for the week between 21.818 and 21.998.    

NATURAL GAS

Overall natural gas consumption in the United States decreased by 3.3%, driven by a 4.5% decline in the power sector. Although power sector natural gas consumption increased across most of the country, this was offset by small declines in the Southeast and Midwest, and by a large decline in the Northeast. Natural gas consumed for electric generation in the Northeast decreased by 24.5% week-over-week because of cooler, more seasonal current week temperatures than the previous week.

CRUDE

Crude Oil closed the week on a high note at 97.79 gaining over $1.50 this week. Oil prices rallied to a 9 month highs on Friday after the United States had authorized sending U.S. weapons to Syrian The rally was inspired by rising geopolitical tensions in Syria after sources suggested that the U.S. may seek to supply arms to the opposition forces in that country.  U.S. crude also garnered some strength from data this week that showed stronger-than-expected retail sales and a fall in weekly jobless claims.  

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Stock Tips Market Trend – 17 June 2013

INDIAN FACE

INDIAN EQUITY BENCHMARKS one of the best percentage gains as pull-back in Asian markets boosted the sentiment. The WPI inflation which eased to 4.7% against 4.89 % in April raised some hopes of a rate cut by the RBI at its policy meet next week which also supported the indices. RBI is likely to go for 0.25% cut in CRR instead of interest rates next week as this move is likely to balance growth and rupee concerns.

Jet Airways also rallied over 8% extending its previous day’s surge ahead of Foreign Investment Promotion Board meet today that will decide on Jet Airways’ stake sale to Gulf carrier Etihad Airways.

GLOBAL FACE

Asian stock markets were higher; Supported by some decent data out of the U.S., Asian stocks followed their U.S. counterparts higher in an effort to erase some of Thursday’s steep losses.

European stocks were mixed, after euro zone inflation data came in line with expectations, while Thursday’s better-than-expected U.S. economic reports continued to lead global equities higher.

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