May 20, 2013 6:51 am
Silver for July delivery plunged 2.1% on Friday and settled at $22.19 a troy ounce for the week, reaching its lowest price since October 5, 2010. Silver for immediate delivery dropped 7% to $20.6985 a troy ounce and its ration to gold rose to 64,89, although gold prices have kept following a bearish trend for […]
Read moreMay 17, 2013 2:37 pm
Companys shares slipped by 40% from last years high as investors are loosing confidence of Apple ability as a tech innovator. Following a poll by Bloomberg, 71% of respondents declare that company is falling behind. Of whom 28% suggest this is a permanent trend while 43% believe its a temporary fall and Apple surely will […]
Read moreMay 17, 2013 12:21 pm
New car registrations increased by 1.8% recording first rise since September 2011 acording to ACEA (automotive industry association). That slight climb is believed to be triggered by UK increased demand. The interest in the industry could be explained by seasonal fluctuations related to Easter holiday. Many European markets offered two sales days in March which […]
Read moreMay 17, 2013 9:43 am
According to a KPMG LLP Global Energy Institute survey of U.S. energy executives natural gas will keep trading below $4 per million British thermal units for the rest of the year. Gas for delivery in June dropped yesterday to $3.932, which is a 12% decrease from the 2013 high on May 1 at $4.444. News […]
Read moreMay 17, 2013 8:17 am
During early European trade session the euro currency retreated against the US dollar, as trade was set in the 1.2860-85 range, while yesterday the pair reached 1.2930 after the release of weak economic data from the United States. US dollar decreased its value in relatively short-term, because of disappointing labour market data, after which during […]
Read moreMay 17, 2013 7:02 am
During Friday trade the US dollar was on its way towards 10 month high against a basket of major currencies, after the president of Federal Reserve Bank for San Francisco, John Williams, announced FEDs intention of a possible exit of the easing program by the end of this year. Most investors saw similarity between John […]
Read moreMay 16, 2013 3:03 pm
Natural gas plunged 3% after the U.S. Energy Information Administration recently published data showing U.S. gas reserves increased more than expected. Natural gas storage rose by 99 million cubic feet last week, above the forecast for an increase of 95 billion cubic feet. The five-year average change for the week stood at 69 billion cubic […]
Read moreMay 16, 2013 2:18 pm
Initial Jobless Claims indicator rose during last week, as the number of american citizens in search for a job increased. This could be interpreted as continuing uncertainty about the recovery of US labour market. Claims rose to 360 000 during last week, from the revised number of 328 000 during the previous period. Experts estimated […]
Read moreMay 16, 2013 12:47 pm
Sugar fell to its weakest level since August 9, 2010. The reason lies in the forecast for a record harvest of 589.6 million metric tons of sugar cane in Brazils center-south region, where around 90% of the countrys production is situated. Millers crushed 31.5 million tons of cane in the second half of April compared […]
Read moreMay 16, 2013 12:06 pm
Based on increased demand for U.S. supplies by China- the biggest importer of the oilseed, soybeans rose in Chicago. China is showing continuing interest for soybeans, which accounts for a 0,2% price increase for the day. According to data compiled by Bloomberg, China imported 3.98 million tons of soybeans in April. According to the grains […]
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