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economic data today | Stock tips 10 Aug | commodity tips



Asian stocks rose, with the regional benchmark index extending a three-month high, as slowing gains in China’s inflation, industrial production and car sales boosted bets policy makers will add stimulus to support growth in the region’s biggest economy. The MSCI Asia Pacific Index (MXAP) gained 0.8 percent to 121.07 as of 7:48 p.m. in Tokyo, with more than three stocks rising for each that slid on the measure. Shares added 2.6 percent in the previous three trading sessions.

U.S. stock-index futures were little changed, after four days of gains for the Standard & Poor’s 500 Index, before economic reports that may show the U.S. trade deficit narrowed while jobless-benefit claims climbed. S&P 500 futures expiring in September dropped 0.1 percent to 1,397 at 7:18 a.m. in New York. Dow Jones Industrial Average futures rose 4 points, less than 0.1 percent, to 13,124 today.

European stocks pared their advance as telecommunications companies retreated, offsetting increased speculation that policy makers will do more to stimulate the economy after a report showed China’s inflation cooled. U.S. index futures were little changed, while Asian shares rose. The Stoxx 600 added 0.1 percent to 269.4 at 11:38 a.m. in London, paring an earlier gain of as much as 0.5 percent. The gauge has rallied 15 percent since its 2012 low on June 4, with nine straight weeks of gains, as policy makers eased repayment terms for Spanish lenders and optimism grew that central banks will add more stimulus.

Treasuries snapped a four-day decline before a U.S. report that economists said will show initial claims for unemployment insurance increased last week, adding to signs global economic growth is slowing. The yield on the new benchmark 10-year note, which was sold yesterday, was little changed at 1.69 percent at 10:42 a.m. in London,



Australia’s dollar gained against New Zealand’s for a third day after data showed the bigger nation’s payrolls rebounded in July while unemployment rose in the smaller country. Australia’s currency climbed 0.4 percent to NZ$1.3021 at 4:13 p.m. in Sydney from the close in New York yesterday, after earlier touching NZ$1.3028, the highest since July 26. The Aussie reached $1.0613, the strongest since March 20, before trading at $1.0590, 0.2 percent higher than yesterday’s close

The euro weakened for a third day against the dollar after economists surveyed by the European Central Bank predicted the region’s contraction this year will be worse than previously forecast. The euro declined 0.4 percent to $1.2313 at 6:48 a.m. New York time, and fell 0.5 percent against the yen at 96.46, after rising by as much as 0.3 percent.


Oil traded near a three-month high in New York as speculation that China will take more steps to boost economic growth offset signs of weakening demand in the U.S..Speculation that nations are stockpiling oil at the fastest rate in 14 years is fanning expectations for Brent crude to drop below $100 a barrel. Prices climbed to as much as $94.72 yesterday, the highest since May 15. The contract is up 20 percent from its lowest close this year of $77.69 on June 28.

Gold reached a one-week high in London on slowing Chinese inflation and expectations that a report may show rising U.S. jobless claims, boosting optimism central banks might take steps to bolster the global economy. Bullion for immediate delivery gained 0.2 percent to $1,615.19 an ounce by 8:58 a.m. in London. Prices reached $1,618.80, the highest level since July 31. December-delivery gold rose 0.1 percent to $1,617.70 on the Comex in New York.

Silver for immediate delivery added 0.4 percent to $28.1563 an ounce. Silver prices gained 0.24 per cent to Rs 53,536 per kg in futures market today on pick-up in spot demand for the festive season amid a firm global trend. At the Multi Commodity Exchange, silver for delivery in September moved up by Rs 127, or 0.24 per cent, to Rs 53,536 per kg in business turnover of 3,694 lots.

Buoyed by a firming trend in global markets and pick up in domestic demand, copper futures prices rose by 0.47 per cent to Rs 419.15 per kg today. Sentiment bolstered as copper gained in overseas markets after data showed China's inflation cooled for the fourth month in July, raising expectations of further policy easing from the largest consumer of the metal. Meanwhile, copper for the metal for delivery in three months climbed 0.4 per cent to USD 7,581 a ton on the London Metal Exchange. At the Multi Commodity Exchange, copper for delivery in August rose by Rs 1.95, or 0.47 per cent, to Rs 419.15 per kg in business turnover of 10,913 lots.
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economic data today | Stock tips 10 Aug | commodity tips


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