Gold Silver Reports >>> Wall Street entered the second day of trading of 2016 on the defensive as investors still reeled from a global stock sell-off Monday and evaluated the most recent steps taken by Chinese authorities to stabilize markets and reduce jitters.
Overnight, shares in mainland China stabilized with the help once again from government intervention in markets a day after a 7% plunge prompted an early halt to trading in what was the worst start to the year ever for China stocks.
Gold Silver Reports ~ The mills across India have produced 79.85 lakh tonnes of sugar as on 31 December, 2015, according to the latest data released by Indian Sugar Mills Association(ISMA). The new output is 6.5% higher as compared to last season’s production for the corresponding period.
Gold Silver Reports >>> Rupee bond issuance will probably rise to a record this year as notes offer companies savings of as much as 1 percentage point over loans.
Offerings will range between 4 trillion rupees ($60 billion) and 4.5 trillion rupees in 2016, according to nine of 20 bankers surveyed by Bloomberg. Six respondents predicted even higher sales and five forecast lower. ONGC Mangalore Petrochemicals Ltd., a project by India’s biggest energy explorer, is planning a debut sale, while mortgage lender Housing Development Finance Corp. is looking to raise at least 5 billion rupees.
Gold Silver Reports – Here’s what to look for when the Federal Reserve releases minutes from the Federal Open Market Committee’s Dec. 15-16 policy-setting meeting at 2 p.m. Wednesday in Washington.
A friend is someone with whom you dare to be yourself. – Frank Crane
Crude Oil MCX CMP: 2430
Gold Silver Reports – Indian PM Modi discussions with global oil and gas experts to see how India can improve its prospects in the sector. Modi stressed on his vision for a fresh look at the sector, to bring in investment, technological upgradation, and development of human resource.
Gold Silver Reports – Stocks around the world plunged on the first trading day of 2016, with the Dow diving 470 points in intraday trading before moderating its losses amid fresh signs of slowing growth in China, the world’s second-biggest economy. All three major indexes got spanked as the chart above shows.
2016’s rocky beginning came as many of the same worries that held stocks back last year reappeared, prompting investors to sell equities and reduce risk.
Gold Silver Reports – Oil fell, erasing an earlier gain, as a global glut outweighed an increase in tension between Saudi Arabia and Iran.
The Saudi government cut ties with Iran following an attack on its embassy in Tehran by demonstrators protesting the execution of a prominent Shiite cleric. Prices last week capped the biggest two-year loss on record amid speculation a global glut will be prolonged as U.S. crude stockpiles expanded and the Organization of Petroleum Exporting Countries abandoned output limits.
Gold Silver Reports – The gold chart for 2015 is undeniably bearish. The failure of support at $1,072 was significant and suggests more downside ahead. That being said, the price appears to be carving out a bottoming pattern and has bounced back above $1,072 several times since the support was initially breached.