Lead trades higher on better than expected euro data
08/01/2015 16:46
The lead future increased at the domestic commodity market on Thursday after the retail sales in the euro area rose in the month of in the month of November, 2014. Retail sales in the euro zone increased 0.6 percent in the month of November,2014, above the analysts’ estimates of 0.3 percent. In the month of October, the retail sales rose 0.6 percent from the month of September. However, the gains remained limited after depressing factory orders in Germany. Industrial orders in Germany declined 2.4 percent in November, against market expectations of a 0.8 percent decrease. At the MCX, Lead futures for January 2015 contract were trading at Rs.116.50 per 1 kg, up by 0.04 per cent, after opening at Rs. 116.80 against the previous closing price of Rs. 115.95. It touched the intra-day high of Rs. 117 till the trading. (At 04.44 PM today).
08/01/2015 16:46
The lead future increased at the domestic commodity market on Thursday after the retail sales in the euro area rose in the month of in the month of November, 2014. Retail sales in the euro zone increased 0.6 percent in the month of November,2014, above the analysts’ estimates of 0.3 percent. In the month of October, the retail sales rose 0.6 percent from the month of September. However, the gains remained limited after depressing factory orders in Germany. Industrial orders in Germany declined 2.4 percent in November, against market expectations of a 0.8 percent decrease. At the MCX, Lead futures for January 2015 contract were trading at Rs.116.50 per 1 kg, up by 0.04 per cent, after opening at Rs. 116.80 against the previous closing price of Rs. 115.95. It touched the intra-day high of Rs. 117 till the trading. (At 04.44 PM today).
