PPI Final Demand and Commodity Market Tips

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Information about PPI Final Demand and Commodity Market Tips
Business-Finance

Published on March 14, 2014

Author: Sreelu42

Source: authorstream.com

PowerPoint Presentation: P P I Final D ema n d a n d C o m m odity Ma r k et Ti p s Cr u d e Oil p rices in the electr o n ic tra d i n g sess i o n are tra d i n g fl a ttish as p rices take a b reather p o st t h e n ear 4 . 5% d rop th i s we e k. Wh i le As i an eq u ities c o n t i nu e to tra d e l o w er a mi d st d isa p p o i n ti n g e c o n o mic c u es fr o m C h i n a, we c o n t i n u e to mai n tain a n egat i ve b ias o n the c o mm o d i t y. We dn e sd a y’s w e ekly i n ven t o ry r eport t o o s h o wed that t o tal s t o c k s r o s e to 3 70 mi l l i o n b ar r els, its h i gh est l e vel si n ce De c e m b er last year. M ea n whi l e, cr ud e p ro du ct i o n in the US i n crea s ed to 8 . 18 MB P D, the h i gh est si n ce Ju ly 1 9 88. T o d a y , the US PP I M d ata is du e h o we v er, are n o t ex p ec t i n g a n y ma j o r b o o st f rom t h e sa m e. Cr u d e's b ackwar d at i o n is s l o w l y b u t stea d i l y c o mi n g d o wn a t the N Y ME X , a cl e ar i n d i c at o r th a t the d e m a n d is red u ci n g w h e r eas I n d ia is t aki n g the i m p a c t o f h i gh er i n terest ra t es. We s aw the c o n tan g o b e t w e en t h e March a n d A p ril c o n tra c ts ris in g b y n early Rs 2 0 ye ster d ay. Wh i le we h ad al r eady re com men d ed a bu yi n g in th i s sp r e ad o n d e cli n es, we f eel s o me m o r e p rofit p o te n tial is p o ssi b le in th i s sp r ead a h ead o f the ex p i r y. For the d ay, o u r local MCX p ri c es c o u ld t a ke s o m e i m p act f r o m the r up ee’s d epr e cat i o n a n d th u s, we mi gh t s e e a l i ttle b it o f d iv e r g en c e b e t ween the N Y MEX a n d M CX p rices for the d ay. N e v e r theles s , we mai nt ain a selli n g b ias o n t h e c om m o d i t y a n d re com mend selli n g fr o m the h i gh er le v els. Glo b al mar k et ana l ysi s : A l o t o f e vents o ccur r ed o ve r n i gh t. Russ i an te n s i o n s es c al a te d , e qu ities in the US fell b y m o r e than a p e r cent whi l e its b o nd s ra l l i ed. T h e ECB ' s p resident D r a gh i’s c o m m ents o n ma n a g i n g the d eflat i o n pu l l ed the euro b a c k t o t r a d i n g d o wn f r o m its b i gg e s t g ain a n d is n o w tra d i n g at $1 . 3 8 6 0 . This m o r n i n g , t h e As i an m a rkets h ave sl u m p ed a n d a r e tra d i n g d o wn b y mo r e t h an a p er c ent. C o mi n g t o c o m m o d it i es, n o ma j o r ch ang e is ex p ec t ed in the trend a nd , it is ma n a g i n g to stay at the same l e vel s . C o mi n g to cr ud e o i l , W TI Oil tra d ed ra n g ed y e ster d ay a n d the Brent f ell d esp i te tra c ki n g the n egat i ve cues in Uk r ai n e. T h is m o r n i ng , WTI is seen tra d i n g at $ 98. 1 7 f o r the W TI o il futu r e s c o n t r act. We h o ld a b earish v i ew o n o il for the d a y bu t b eli e ve that the l o s s es may n o t b e si gn if i ca n t. In the n e xt we e k, it m ay e xtend its lo s ses o wing to t h e h i gh er cr u d e st o ckpi l es in t h e US and o i l , taki n g no c u es from the Brent a n d t h e Russ i an te n sio n s. F o r the d a y, w e h o ld a b earish v i ew o n o il a n d ex p ect that, du e t o the w eakne s s in t h e eq u i t y ma r ket s , the lo s ses in the g lo b al m ark e t may e x te n d whi l e the l o sses m a y b e low e r at the d o m estic m a rket du e to the cu r ren c y d epreciat i o n . We su g g est re m ai n i n g o n the selli n g si d e in nat u ral gas f o r the d a y . Co mm o dity M a rk et T ips SELL N A T UR A L GAS M CX M AR N EAR 2 7 2 SL 2 76.5 T G T 2 6 7 SELL ME N TAH OIL M C X A P R NE A R 8 4 7 SL 5 85 TGT 83 7 T od a y E c ono m i c D a ta I n d i c a t o r s : DA T E TIME Region Indic a t or Pe riod Su r vey Pr i o r 14. 0 3. 1 4 1 2 : 3 0 IN Whole s ale Pric e s Y o Y Feb 4.9% 5.1% 14. 0 3. 1 4 1 2 : 3 0 GE CPI M o M Feb F 0.5% 0.5% 14. 0 3. 1 4 1 2 : 3 0 GE CPI Y o Y Feb F 1.2% 1.2% 14. 0 3. 1 4 1 5 : 0 0 UK Co n struct i o n O u tp u t SA M o M J an --- 2.0% 14. 0 3. 1 4 1 5 : 3 0 UK Co n struct i o n O u tp u t SA Y o Y J an --- 6.3% 14. 0 3. 1 4 1 5 : 3 0 EC E m p l oy ment Q o Q 4Q -- 0.0% 14. 0 3. 1 4 1 8 : 0 0 EC E m p l oy ment Y o Y 4Q --- - 0.8 14. 0 3. 1 4 1 8 : 0 0 US PPI F in al D e ma n d M o M Feb 0.2% 0.2% 14. 0 3. 1 4 0 3 / 1 8 US U n iv. o f M ic h a g an Co n fi de n ce Mar 81.7 81.6

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