Monday, 25 September 2017

Silver, PGMs
  • In the other precious metals, the spot silver price dipped $0.047 to $16.895-16.940 per oz. Platinum rose $3 to $931-936 per oz and palladium gained $6 to $919-924 per oz.
  • On the Shanghai Futures Exchange, gold for December delivery was recently at 277.4 yuan ($42.05) per gram, and the December silver was at 3,859 yuan per kg.

Currency moves and data releases

  • The dollar index was up 0.11% at 92.25 as of 03:58 BST.
  • In other commodities, the Brent crude oil spot price rose 0.02% to $56.77 per barrel while the Texas light sweet crude oil spot price was down 0.18% to $50.54
  • In equities, the Shanghai Composite dipped 0.36% to 3,340.57.
  • In data on Friday, US flash manufacturing PMI came in at 53.0, above the forecast of 52.9. Flash services PMI stood at 55.1, below the economic consensus of 55.8.
  • In EU data, flash manufacturing PMI was recorded higher at 58.3 from 57.4 last month while flash services PMI was also higher at 55.6 from 54.7.
  • The economic agenda is light today with German Ifo business climate, the UK’s Financial Policy Committee statement and China’s CB leading index.
  • In addition, FOMC members William Dudley, Charles Evans and Neel Kashkari as well as European Central Bank president Mario Draghi are speaking.

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