Fading the hopes of the initial trade deal “China said it would retaliate for US law backing Hong Kong’s protesters”. Chinas Ministry of Foreign Affairs said that “Washington had sinister intentions”.
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Crude oil prices traded weaker as the anticipations of deeper supply cuts from OPEC and its allies faded. Markets would await for OPEC and its alliance meet on Dec 5- 6.
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Guar seed futures witnessed sideways to higher trade on Wednesday as prices recovered from the intraday low tracking firm trend at the physical market
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Aluminium sheet exports from China stood at 193,500 tons in October, which was down by 1.9% from September, according to the data from China Customs.
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Metals remained on a flat note for Monday’s session and closed the session making little gains after the proceedings of the phase-2 deal were likely to take time.
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Oil prices began the week on a brighter note today, posting early gains as positive noises from Washington that the US-China could soon sign a deal to end their trade war.
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Christine Lagarde said the euro zone needs to create more of its economic growth at home, including via greater public investment, if it is to withstand weakness abroad and become more balanced internally.
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Yen rose against the dollar after sources close to the White House indicated that a U.S.-China trade deal is unlikely this year
USD/INR opened at 71.82 and trade in the range of 71.60 to 72.10 today
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