Newspaper publishing
Copper futures experienced a significant recovery on May 26, 2009, following a strong consumer-confidence reading in the US and a rally in equities, analysts said. The most-active July copper futures rose 4.35 cents to settle at $2.1410 per pound on the Comex division of the New York Mercantile
Newspaper publishing
Rio Tinto Ltd. has secured a deal with Japan's Nippon Steel Corp. for a 33% to 44% decrease in iron ore term prices for the 2009-10 contract year. This agreement marks the first iron ore price settlement of the year, although other major miners and key consumers, such
Newspaper publishing
Wall Street's main indexes posted losses Wednesday, despite early gains driven by Bank of America's success in raising $13.47 billion through a stock offering. The Dow Jones Industrial Average closed at 8,422.04, down 52.81 points, while the Standard & Poor's
Newspaper publishing
The high-grade primary market in New York reopened on Monday, May 18, 2009, with five companies announcing bond offerings, including ConocoPhillips, Kellogg Co., EOG Resources, AFLAC, and Beckman Coulter. Market participants expect additional deals to surface as investors continue to take advantage of a favorable issuing environment, driven by cheap
Newspaper publishing
Copper futures fell in May 2009 as participants sold the metal in sympathy with equities and scrap dealers hedged inventory due to concerns about a potential decline in prices. The July copper contract dropped 5.5 cents to settle at $2.0310 a pound on the Comex division of the
Newspaper publishing
Gold futures ended the trading session with a slightly lower close on Monday, May 11, 2009, due to pressure from a mildly higher US dollar and stable equities. Despite finding some support from declines in equities and other commodities, the metal failed to break out of its range-bound trading. The
Newspaper publishing
Despite the ongoing uncertainty and gloom surrounding the US and global economy, with the swine flu outbreak, Chrysler's bankruptcy, and a 6.1% decline in the US GDP in the first quarter, the US markets rose last week. The Dow Jones industrial average (DJIA) closed at 8212.41,
Newspaper publishing
Stronger-than-expected construction and housing data boosted copper futures, with the Comex July copper settling at $2.1440 a pound on the New York Mercantile Exchange. Analysts point to a "better feeling about the economy" developing, with the release of positive construction and pending home sales data. The National
Dow Jones & Company Inc.
The cattle and hog markets in Kansas City are expected to open mixed on Friday, May 1, 2009, with a weak tone prevailing in the cattle futures, according to market analysts. The lean hogs, on the other hand, are expected to open firm, while pork bellies are forecast to remain
Dow Jones & Company Inc.
The US cash grain market experienced a significant decline in domestic grain futures due to the swine flu outbreak and spring planting discussions on Monday. Corn and wheat futures lost 10-15 cents, while soybeans fell over 45 cents per bushel. Analysts attributed the decline to consumer concerns about pork consumption
Dow Jones & Company Inc.
Monday's start of floor trading for July copper futures is anticipated to show a decline of 7 cents, based on electronic activity prior to the pit session on the Comex division of the New York Mercantile Exchange. The drop is attributed to a stronger dollar against the euro
Dow Jones & Company Inc.
Prices for soybeans showed significant weakness on Monday, despite a decline in futures, as farmers sold off large volumes of beans. Cash corn prices, meanwhile, were languishing at a 5-week low. A significant increase in soybean sales by farmers contributed to the weakening basis, while hedge pressure also weighed on
