Daily Masala

Here is what others are talking about this morning:

China Factory Gauge Signals a Record Streak of Deterioration

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 falls as Asia economies slow, prospect of crude output cut dims

 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.

China shares subdued as economic news disappoints

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.

Asia shares edge up, oil wobbles as markets await China surveys

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.

Indian Sugar Staying at Home as Local Prices Rally on Crop

A surge in Indian sugar prices means the world’s second-largest supplier will sell more on the domestic market and less abroad.

India’s Modi wants 50% farmers to join Crop Insurance Scheme in 2 years

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.

Lower output boosts crude palm oil

 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 rationale behind castor seed suspension

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.

 

 

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