Wall St Futures Trading Higher
The MSCI World Index of stocks in 24 developed markets has rallied 57 percent from its low in March 2009 after the economy recovered from the worst recession since World War II and central banks kept interest rates near record lows. Federal Reserve Bank of Chicago President Charles Evans told reporters in Seoul today that [...]
Abhisit the Big Winner in Thailand, Pheu Thai Party losing Ground
The Thai government has never regarded all of the anti-government protestors as terrorists Prime Minister Abhisit Vejjajiva said Monday in Parliament during a no-confidence debate in which he and his party clearly won.
Abhisit responded to Pheu Thai Party MP Chaiya Promma, who earlier attacked him for calling the anti-government protestors terrorists.
“I and the government have [...]
Iron Ore Miners want higher prices
Global miners BHP Billiton, Rio Tinto and Vale of Brazil are likely to demand price increases for steel making commodities iron ore and coking coal, as strong Chinese demand and supply disruptions keep the market tight.
The cost of iron ore and coking coal is Key to the global economy as it filters into steel [...]
Market forces to spur Green Economy
The Green Economy is the Hot Topic of the day, and the discussions most often focus on what steps the government is taking.
This approach IMO downplays the role that the market forces play.
A Green Economy can only be realized through the market. And we do not know if the consumer are willing [...]
Wall St Summary for May
US stocks turned sharply lower late in the session Friday. The S&P 500 recorded its worst performance in May since 1962.
Investors also took advantage of the opportunity to book gains before the long Memorial Day holiday weekend, and after a rally in the previous session.
On the Month: the close on Friday capped the worst month in over a year [...]
Paul Ebeling’s Crude Oil and Gold Trading Report
Crude Oil remains firm during the European session last Friday. Apart from improvement in broad market sentiment, US President Barrack Obama’s suspension of deepwater drilling and NOAA’s forecast for an intense hurricane season probably helped buoy prices. Currently trading at 75.5, the front-month contract for WTI Crude Oil has risen another +1.27% from Thursday’s close.
The [...]
US Payrolls rose in May for 5th month running
Employment in the USA grew in May for 5th month running, pointing to gains in wages that will help US households ride out the turmoil in financial markets, economists said.
Payrolls climbed by 508,000 workers last month, the biggest increase since 1997, according to the median estimate of 64 economists.
The gain reflected a surge in [...]
Rival tablets ready to challenge Apple’s iPad lead
The international launch of the iPad this weekend will be followed by the release of many rival tablet PCs, costing a fraction of Apple’s US$500.00 device.
Tablets priced at about US$100 will be unveiled at Computex in Taiwan, which begins Monday, the first major trade show since the release of the iPad in April.
Such low-cost tablets [...]
EU report shows that EuroZone banks rely less on state aid
European Union (EU) banks are relying less on state aid, a sign that the financial sector is returning to normal after it was hit by the financial crisis, the European Commission said in a report last Thursday.
The EU’s executive arm said it has so far approved state aid measures put forward by member states amid [...]
Rio Tinto criticizes the Australia’s mining tax
Mining giant Rio Tinto Ltd Sunday said the Australian federal government was attempting to become a “silent partner” in Rio Tinto’s business, which made Australia the company’s biggest concern in terms of sovereign risk.
Rio Tinto chief executive Tom Albanese said the federal government’s proposed resources super profits tax had put Rio’s Billions of Dollars [...]
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