The Chinese premier conversation will impact the markets today and we will be reading in to the fine print of that.
After nearly 2% gains for the crude oil prices overnight, the markets are trading volatile. It is choppy in sense of volumes as well. It has also to do with the Syrian concerns, the US sanctions on Russia.
We have seen some more decline come in for the US dollar and that in turn could be supportive for the metals as a space.
All the commodities are trading on the higher side. Iron ore prices are up by nearly a percentage points, you also have strength come back in case of steel, nickel etc, aluminium continues to be an outperformer after US has put sanctions on Russia.