Here is what others are talking about this morning:
China’s official factory gauge signaled conditions deteriorated for a record sixth month as an index of services continued to hold up, illustrating the divergence in the two-speed economy.
Oil prices dropped after China and South Korea posted surprisingly weak economic data and on worries the prospect of a coordinated production cut by leading crude exporters seemed remote.
Chinese shares got off to a halting start after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months.
Asian shares started a new month on somewhat firmer footing, helped by accommodative monetary policies in Japan and Europe, but traders were cautious ahead of China factory and service sector activity surveys.
A surge in Indian sugar prices means the world’s second-largest supplier will sell more on the domestic market and less abroad.
Highlighting benefits of the just-announced Crop Insurance Scheme, Prime Minister Narendra Modi today said awareness about it should be spread across the country so that at least 50 per cent of the farmers join it within two years.
Prices of crude palm oil have risen about 7 per cent in the last two weeks. The palm oil futures contract traded on the Bursa Malaysia Derivatives Exchange has risen to MYR 2,349 per tonne from MYR 2,200 per tonne. Mirroring this, on the domestic front, too, the CPO contract traded on the Multi Comm
The National Commodities and Derivatives Exchange (NCDEX) last week announced the suspension of futures trading in all running castor seed contracts. This suspension has taken the market by surprise.