May 22, 2013 9:00 am
Corn sunk for a third day following information by the USDA that as of Sunday, May 19, 71% of the U.S. corn crop was planted. U.S. farmers planted the most ever in a single week. The number has almost reached the five-year average, which is 79% and it is a drastic improvement compared to the […]
Read moreMay 22, 2013 8:08 am
Apples CEO Tim Cook made no apology on Tuesday for the giant innovator saving billions of taxes using a “flaws” in both US and Irish tax law. Cook stated that his company is backing up the corporate tax law reform even though Apple could end up paying more taxes. The CEO was called to testify […]
Read moreMay 22, 2013 7:29 am
It was reported earlier today, that deficit on Japans Trade Balance widened during April, as import grew at a higher rate than export. Deficit figure rose to 880 billion JPY during April from 364 billion JPY during the preceding month. It became clear that export rose below expectations by 3.8% annually, while import exceeded estimates […]
Read moreMay 22, 2013 7:01 am
EUR/USD cross remained almost without change during early European session on Wednesday, as markets await the economic testimony of FED Chairman Ben Bernanke today. The pair reached 1.2939 during Asian session, highest value since May 15th, after which the euro positioned itself versus US dollar at 1.2911-1.2920 levels. Support was likely to be received at […]
Read moreMay 22, 2013 6:54 am
WTI crude prices dipped below $96 today amid concerns of lower demand and uncertainty over the end of the Quantitatve Easing program. Ben Bernanke is scheduled today to shed some light into that matter after some FED representatives voiced opinion lately that the U.S. economy has recovered enough and the labor market is now stable. […]
Read moreMay 21, 2013 3:03 pm
British pound sunk during Tuesday trading session against US dollar on official data, regarding consumer prices inflation in United Kingdom, which dropped for the first time during April since September. GBP/USD pair fell to 1.5111, a lowest value since April 4th, after which was set at levels 1.5121-1.5130. Support was expected at April 3rd lowest […]
Read moreMay 21, 2013 1:52 pm
The consumer electronic company Best Buy Co. reported today a first quarter loss comparing to last year when the results included Super Bowl TV sales. The President and CEO of the company Hubert Joly stated that this was expected having in mind the Super Bowl shifting to the fourth quarter and internal decisions of cutting […]
Read moreMay 21, 2013 12:56 pm
Germanys stocks declined today for the first time in more than a week. Daxx Index is down by 0.19% today. German banks Commerzbank AG and Deutsche Bank AG reported substantial daily drops after JP Morgan Chase downgraded their shares ratings. The benchmark index is up 11% this year mainly due to the stimulus government offered […]
Read moreMay 21, 2013 9:31 am
Earlier today official data came out, regarding production cycle prices in Germany, which showed deceleration during April. Major reason for this decline was the dropping oil prices, as Producer Price Index (PPI) reached three year low on annual basis. PPI decreased in value by rate of 0.2% during April, while estimates showed barely a 0.1% […]
Read moreMay 21, 2013 9:13 am
As several analyst defined yesterday as a “slow day” on the market, it also was an dynamic day considering numerous company acquisitions. After the initiative was taken by Yahoo Inc. with the $1.1 billion purchase of Tumblr Inc., many other companies follow their example. The internet giant is going after the younger users as buying […]
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