Scoreboard: Earnings radar

By Craig James

Over the week, base metal prices were mixed with aluminium up 2. 9 per cent with zinc down by 2. 3 per cent.  Gold prices fell slightly on Friday with the Comex gold futures quote down by $US1. 50 or 0. 1 per cent to $US1,311. 00 per ounce.

Over the week gold rose by $US16. 50 an ounce.  Iron ore fell by US30c on Friday or 0. 3 per cent to $US95. 70 a tonne.

Brent crude fell by US42c or 0. 4 per cent to $US105. 02 a barrel but the US Nymex price rose by US31 cents a barrel to $US97. 65 a barrel.

In Chinese economic data, producer prices fell 0. 9 per cent over the year to July, while consumer prices rose by 2. 3 per cent, both as expected.

In US economic data, labour costs rose at a 0. 6 per cent annual rate in the June quarter while productivity rose by 2. 5 per cent.

Read more here: Business Spectator


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