Copper prices have come off the highs of $11,000 hit last month, as worries over inventories and weakness in China are making investors in the commodity nervous.
U.S. consumer prices were pushed higher by a jump in rental costs in September, data showed on Thursday.
India will outperform other emerging markets purely on back of good pick up seen in earnings this quarter, said Hartmut Issel, Head Equity & Credit APAC, CIO WM, UBS.
“We are still concerned in the coming weeks and months that higher US treasury yields will reduce the flow of capital to India and other emerging markets. And on that basis, we still see some downside risks in the weeks and months ahead,†he told CNBC-TV18‘s Reema Tendulkar and Ekta Batra.
Copper futures fall ahead of Fed minutes, China data
Brent oil rose above USD 109 a barrel on Monday after promising China data, but prices may struggle to hold on to gains as risk premiums come off after Iran and the United States signalled a fresh will to end the dispute over Tehran's nuclear programme.
Activity in China's vast manufacturing sector slowed to an 11-month low in July as new orders faltered, suggesting the economy is still losing momentum.
Forex - EUR/USD lower after Fed, China data
Asian shares rose on Wednesday on another record high for US stocks and unexpectedly strong German industrial orders, as investors await the first batch of April data from China for the latest take on the region's powerhouse economy.
The rupee rises after opening flat, at 54.62/64 versus last close at 54.75/76. "There is a small bout of selling that has come in after the good China data," says foreign bank dealer.
Forex - Dollar broadly lower after euro zone, China data
Soybeans rebound on S. America weather concerns, China data
Crude oil trades above USD100 on Iran fears, China data
Crude oil futures rally to 6-week high on EU hopes, China data
Copper futures rally on hopes for EU debt solution, China data
Ritesh Gandhi, senior research analyst (Commodity & Currency), Anand Rathi Commodities maintains a bearish bias on oil as the International Energy Agency (IEA) has reduced their demand growth forecast.