Commodities Daily Report
Wednesday| March 6, 2013
US ISM Non-Manufacturing PMI increased to 56-mark in February.European Retail Sales rose by 1.2 percent in the month of January.
India’s HSBC Services PMI declined to 54.2
-mark in the last month.
UK’s Services PMI increased by 0.3 points to 51.8
-mark in February.Asian markets are trading higher today on the back of favorableeconomic data from US coupled with expectations that central banksover the world will continue with its stimulus measures.US Institute for Supply Management (ISM) Non-ManufacturingPurchasing Managers Index (PMI) increased by 0.8 points to 56-mark inFebruary as against a rise of 55.2-level in January. Investor's BusinessDaily (IBD) / Techno Metrica Institute of Policy and Politics (TIPP)Economic Optimism declined by 5.1 points to 42.2-mark in March fromearlier rise of 47.3-level in February.
India’s HSBC Services Purchasing Managers Index (PMI) declined by 3.3
points to 54.2-mark in February as against a rise of 57.5-level in January.US Dollar Index (DX) depreciated marginally by 0.1 percen
t in yesterday’s
trading session on the back of rise in risk appetite in the global marketsentiments which led to fall in demand for the low yielding currency.Additionally, unexpected rise in the US non-manufacturing PMI coupledwith expectations that US Federal Reserve will continue with its stimulusmeasures program also exerted downside pressure on the currency.
In addition, US equities also traded on a positive note in yesterday’s
trade which also acted as an unfavorable factor for the DX. The currencytouched an intra-day low of 81.96 and closed at 82.15 on Tuesday.
The Indian Rupee traded on a flat note in yesterday’s trading session. The
currency depreciated in the later part of the trade on the back of dollardemand from the importers. However, weakness in the DX coupled withupbeat global market sentiments cushioned sharp fall in the currency.Additionally, in the early part of the trade currency appreciated as aresult of selling of dollars by exporters. The Indian Rupee touched anintra-day high of 54.60 and closed at 54.94 against dollar on Tuesday.For the month of March 2013, FII outflows totaled at Rs.238.50 crores($47.11 million) as on 5
March 2013. Year to date basis, net capitalinflows stood at Rs.46,259.70 crores ($8,587.50 million) till 5
UK’s Services Purchasing Managers Index (PMI) increased by 0.3 points to
51.8-mark in February as against a rise of 51.5-level in January. BritishRetail Consortium (BRC) Shop Price Index increased by 1.1 percent inFebruary from earlier rise of 0.6 percent in January.
as on 5 March, 2013
Last Prev day w-o-w m-o-m y-o-yINR/$(Spot)
54.94 0.0 -1.6 -3.6 -9.3
1.305 0.2 -0.1 -3.9 -1.3
82.15 -0.1 0.3 3.3 3.4
5784.3 1.5 0.4 -2.9 9.5
19143.2 1.4 0.7 -2.6 4.7
14253.8 0.9 2.5 2.0 10.0
1539.8 1.0 2.9 1.9 12.9
The Euro appreciated by 0.
2 percent in yesterday’s trade on
the back of optimistic global market sentiments coupled withweakness in the DX. Further, positive Retail sales data fromEurope also supported an upside in the Euro currency.However, unfavorable data from the Italian and SpanishServices PMI capped the further appreciation in the currency.Spanish Services Purchasing Managers' Index (PMI) declined by2.3 points to 44.7-mark in February from earlier rise of 47-levelin January. Italian Services PMI declined by 0.3 points to 43.6-level in February as against a rise of 43.9-mark in January.European Retail Sales rose by 1.2 percent in January ascompared to previous decline of 0.9 percent a month ago.