MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS
✍ Initial claims for Unemployment benefits decreased 36,000 to a seasonally modified 280,000 for the week finished September. 13, the minimum level since July.

✍ The Federal Source on Wed restored its commitment to keep interest levels near zero for a "considerable time," but also indicated it could raise credit costs quicker than predicted when it starts moving. Many economic experts and investors had predicted the U.S. central bank to improve the rate assistance it has provided since Goal, given generally enhancing information on the economy's performance.

✍ Gold price are likely to bottom out between $1,170 and $1,200 in 2015 as the U.S. economic system gradually profits to normal and investors remain aren't bothered about inflationary demands, the GFMS team at Thomson Reuters said on Friday.

✍ Average new house values in China's 70 major places decreased 1.1 % in Aug from This summer, a 4th successive monthly drop, according to Reuters computations from formal information released on Friday. Compared with the year before, house values were up 0.5 % in Aug, reducing from the 2.5 % yearly rise seen in July.

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