Friday 23 May 2014

CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 101.1-103.9.
Aluminium prices gained boosted by the higher-than-expected HSBC China manufacturing PMI for May.
In the euro zone, France’s flash manufacturing PMI dropped to 49.3 in May, the first fall in last three months.

Disappointing US initial jobless claims were overshadowed by upbeat manufacturing PMIs out of China and the US and rising existing home sales in the US.

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