Tag Archives: commodity

– Commodity- and EMG currencies saw a nice rebound overnight, after they have been mainly under pressure. Also equity markets in Asia rallied towards the end of their session. Oil continued to drift lower from the 11 months high hit last Friday. EURUSD has digested S+P’s EFSF outlook revision and another Greece downgrade well. – Stocks: Nikkei +0.92 %, Hang …

China is set to surpass India as the world’s top gold consumer this year, the World Gold Council (WGC) predicted. The demand for gold in China, the world’s largest producer, rose by 20% to 769.8 tonnes last year, driven by surging demand for jewelry and investment, while consumption in India, the world’s largest consumer, tumbled 7% to 933.4 tonnes as a result …