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Wall Street slips in wake of comments by top Fed officials

US stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a US interest rate hike following comments from top Federal Reserve officials

The S&P 500 rose as much as 0.7 percent and declined by as much as 0.6 percent during the session.

 

Banking shares, which stand to gain in a higher rate environment, advanced. The KBW Nasdaq bank index .BKX rose 0.74 percent. In contrast, sectors likely to be hurt by higher rates, such as utilities and telecoms, fell.

 Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.12-to-1 ratio favored decliners. The S&P 500 posted 29 new 52-week highs and one new low; the Nasdaq Composite recorded 118 new highs and 26 new lows.

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Copper Futures Down 0.25% On Tepid Spot Demand

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• Copper Futures Down 0.25% On Tepid Spot Demand

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GLOBAL LPG-Prices Edge up,

LPG prices edged up last week on fresh demand from Argentina as supply remained tight and traders covered short positions, but falling  CRUDE OIL prices may mark a turning point in a months-long gas rally.

Before this latest shipment, Gorgon had only exported two cargoes since starting operations in March as unexpected technical problems forced the project to shutdown

LPG production complex Bintulu over the weekend did not affect output, state-run Petronas said in a statement

Good News For all :-Petrol price cut by Rs 1.4 Pre litter ,& Diesel by Rs 2.01 Per litre

Petrol price cut by Rs 1.4 Pre litter ,&  Diesel  by Rs 2.01 Per litre

The third reduction in rates this month on global cues.

Petrol price cut by Rs 1.4 Pre litter ,&  Diesel  by Rs 2.01 Per litre

      Petrol                                                                 Diesel

Delhi :- Rs 61.09 a litre                           >> Rs 52.27 per litre

. Petrol price was last cut by Rs 2.25 a litre on July 16. Diesel rate on that date was reduced by Rs 0.42 a litre.

Prior to that petrol price was cut by 89 paise a litre and diesel by 49 paise on July 1.

The movement of prices in the international oil market and Rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,