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Archive for the ‘Market’ Category
As senior director of commodities at S&P’s in New York, Michael McGlone has a front-row seat on the grain futures markets.
The US department of Agriculture reported that farmers attempted to sow 92.2m acres with the grain in 2011, 5% more than last year and the second largest expanse of corn fields ever since the second [...]
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- Tags: US agriculture, US Farmers
Fresh concerns over eurozone sovereign debt, nervousness about forthcoming US employment data and uncertainty about the outlook for Federal Reserve policy left stock markets looking fatigued as a turbulent quarter drew to a close.
High on the list of investor worries were the so-called “stress tests” on Irish banks would require a further €24 billion to [...]
Prices of farm commodities soared on Thursday after the US government revealed that inventories of corn and soyabeans were lower than had been expeccteed. Adding to inflationary pressures around the world.
The surge in grain prices has become a headache for policy-makers, expecially in developing nations, pushing the central bankers to tighten monetary policy. According to [...]
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- Tags: US Stocks
US shoppers had spring in their step during February with retail sales for the month indicating solid spending.
Retailers announced that fuller-priced clothing for warmer weather and the remnants of marked-down winter clearance merchandise both moved well. For the month, they collectively turned in better-than-expected sales at sotres open more than a year.
February starts off the [...]
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- Tags: US Retail Sales
According to a Labor Department report, it is revealed that the producer prices in the US rose 0.8% in January in line with expectations because of higher energy and pharmaceutical prices.
The core index, which excludes food and energy prices, rose a larger-than-expected 0.5% on a jump in pharmaceutical preparations and plastic products.
In a seperate report, [...]
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