GLOBAL CUES: EQUITIES SLIDE AGAIN; CRUDE and METALS INCH UP, US HOME SALES RISE MoM


US indices ended marginally lower on Monday after a choppy session

US 10-year bond at 3.18%, Dollar Index also stable to 103.7.

Crude futures jumped above $110, amid reports that the UAE and Saudi Arabia are producing near capacity, while political unrest in Libya and Ecuador threatened to tighten supply further. 

Asian markets open lower: Kospi and Nikkei flat, Hang Seng down 0.8%, China down 0.6%, Australia up 0.24%

Commodities: Crude up 1.2%, Iron Ore up 4.3%, steel up 1%, Aluminium up 1.55%, Nickel up 2.2%; Copper down 0.7%, Cotton down 2%