Do­mes­tic com­mod­ity prices

The Star Early Edition - - MARKETS -

MAR­KET ac­tiv­ity was buoy­ant in the euro/dol­lar fu­tures and con­tracts for dif­fer­ence (CFDs) on Mon­day. In­vestors di­gested the Ger­many’s Ifo business cli­mate in­dex re­port, which showed that Ger­man business sen­ti­ment im­proved this month, in­di­cat­ing that the down­turn in the euro zone’s largest econ­omy may be end­ing. The Ifo read­ing off­set to some ex­tent on­go­ing ex­pec­ta­tions for the Euro­pean Cen­tral Bank to loosen pol­icy in the near fu­ture. Mean­while, the dol­lar inched lower after Markit’s flash US ser­vice sec­tor pur­chas­ing man­agers in­dex came in be­low ex­pec­ta­tions. The in­dex has now pointed to softer growth of business ac­tiv­ity in each of the past five months. A soft dol­lar lent support to gold, which climbed back above $1 195 an ounce.

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