Ig Markets

Oil prices climbed in Asia today with Brent breaching USD 45 a barrel following a fall in US production while raging wildfires threatened to cut Canadian output.

Oil prices down in Asian trade

US benchmark West Texas Intermediate for October delivery fell 35 cents to USD 45.70 while Brent crude for October eased 38 cents to USD 49.23 in mid-morning trade. The US Labor Department said Friday the economy added 173,000 jobs in August, fewer than estimated.

Oil heads for eighth straight week of falls

US benchmark West Texas Intermediate (WTI) for October delivery, a new contract, lost 49 cents to USD 40.83 a barrel in late-morning trade, while Brent crude for October tumbled 56 cents to USD 46.06 a barrel.

Oil approaches key USD 40 level in Asian trade

"US stockpiles unexpectedly expanded when the market was looking at a contraction, which heightened the global oversupply concerns," said Bernard Aw, a market strategist at IG Markets in Singapore.

Oil prices slide further in Asia

US benchmark West Texas Intermediate (WTI) for September delivery fell 63 cents to USD 41.87 a barrel in late-morning trade, the lowest since March 2009. Brent crude for October, a new contract, was down 65 cents to USD 48.54.

Oil prices mixed in Asia, WTI stays below

Oil prices were mixed in Asia on Thursday, with WTI stuck below USD 50 a barrel after a rise in US stockpiles added to concerns over a supply glut, analysts said.

Oil prices down in Asia as Greece and China weigh

US benchmark West Texas Intermediate for August delivery dropped 14 cents to USD 52.19 a barrel and Brent tumbled 13 cents to USD 56.72, both reversing an earlier uptick. "The global picture for commodities does not bode well," said Bernard Aw, market strategist at IG Markets in Singapore.

Oil prices mixed in Asian trade

US benchmark West Texas Intermediate (WTI) for June delivery eased eight cents to USD 58.86 while Brent crude for June gained seven cents to USD 65.61 in late-morning trade. WTI tumbled USD 1.99 in New York and Brent closed down USD 2.23 in London.

Is the rally in global miners too good to be true?

Even as global resource stocks have had a stellar run-up in the recent weeks, driven by signs of stabilization in China`s economy, cheap valuations and short covering, questions are building over the sustainability of this trend.

Fall in new factory orders to trigger China action?

China`s official Purchasing Managers` Index (PMI) for April dipped to 50.6 from a March figure of 50.9, according to data from the National Bureau of Statistics, missing a Reuters forecast of 51.0.

Europe still remains big concern for investors: IG Markets

After last week's big rally, the global markets have been subdued this week. In an interview to CNBC-TV18, Jason Hughes, IG Markets says, Europe still remains a big concern to most investors globally.

Spain, Greece are bringing Europe to boil again: IG Markets

As borrowing costs get closer to the danger area that forced Ireland, Greece and Portugal to seek a bailout, investors are concerned that Spain is next in line to dial for help. Justin Harper of IG Markets finds that the Spanish government is downplaying its country's debt issues.

Expect QE3 soon; Brent to hover around $95-105: IG Markets

Although, Ben Bernanke, the Fed Chairman has hinted at no immediate quantitative easing, Jason Hughes of IG Markets feels the coming months are likely to see some form of QE3 from the Fed.

Would dip a toe into India, emerging markets: Justin Harper

In an interview to CNBC-TV18, Justin Harper, head of research, IG Markets gives his outlook on the current global environment, post the EU summit. He also discusses other risky asset classes like crude.

Fed may hint at QE but won't inject dollars yet: IG Markets

In an interview to CNBC-TV18, Justin Harper of IG Markets says talks on quantitative easing have become louder with global markets banking on a flood of liquidity hitting the system soon.

IG Mkts says now's good time as ever to buy equities

In an interview with CNBC-TV18, Jason Hughes of IG Markets, spoke about his reading of the European markets and the road ahead.

Investors on the lookout for action from ECB, EU: IG Market

Justin Harper, head of research of IG Markets tells CNBC-TV18 that the sharp corrections witnessed in global markets has investors entering the field again to pick up some solid companies which are available at a discounted price.

Investors see US dollar, yen as safe havens now: IG Markets

Jason Hughes of IG Markets tells CNBC-TV18 that commodity based currencies and Asian risk currencies are really feeling slightly more than a pinch today.

Traders worked up over Greece's exit from Euro: IG Markets

Risk aversion is heightening at this point in time and can be seen across the global screen. Greece exiting the euro zone is the talk of the town right now and is almost a given, something that markets seem to have priced in.

FIIs opt to stay on sidelines due to choppy mkt: IG Markets

Justin Harper of IG Markets believes investors are withholding from buying risk assets currently because of the choppy behaviour of equities.

Outlook bleak for equities; see over 5-10% cuts: IG Markets

Justin Harper of IG Markets tells CNBC-TV18 that the outlook for equities is bleak for this week and the next few weeks ahead.

Investors are getting nervous now: IG Markets

Jason Hughes of IG Markets says, after the rally in the beginning of 2012, investors are getting a little bit nervous now.

Emerging mkts like India will struggle ahead: IG Markets

Justin Harper of IG Markets feels that emerging markets like India will continue to struggle.

Nifty attractive around 5200; rupee a concern: IG Markets

Jason Hughes of IG Markets tells CNBC-TV18 that Indian equities look attractive around the 5200 level on the Nifty.

Global rally to continue; crude biggest concern: IG Markets

Justin Harper of IG Markets believes that the global rally still has a few laps left to it, but that the rising price of crude is a troublesome factor.