- Copper prices recovered from the prior session’s sell off on Tuesday, as sentiment improved after China’s central bank attempted to buoy markets with a $20 billion cash injection. The People’s Bank of China flooded its banking system with 130 billion yuan, or $19.95 billion, marking the largest cash injection since September.The move comes one day after a 7% plunge in Chinese stock markets, which rocked global financial markets and revived concerns about the country’s economic slowdown.
- Crude oil prices reversed earlier gains on Tuesday, as gloomy Chinese data dragged on sentiment in a market already weighed down by persistently high production levels.Oil futures initially rose, tracking Asian stocks, but were later pulled down as data showed China’s national rail freight volumes logging their biggest ever annual decline in 2015, raising questions about how sharply the world’s No.2 economy was slowing and what this meant for oil demand.
- Gold prices held near the prior session’s four-week high on Tuesday, as investors sought refuge amid instability in the Middle East and fresh concerns over global growth.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $3.70, or 0.34%, to trade at $1,078.80 a troy ounce as of 9:45 GMT, or 5:45AM ET. A day earlier, prices rose to a session peak of $1,083.00, the most since December 9, before ending at $1075.20, up $15.00, or 1.41%.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment