14:14 EST – Raw-sugar futures got a boost Tuesday from traders worried about the possibility of tighter supplies next season. Low prices could discourage farmers from planting sugarcane, and rising demand for ethanol in Brazil and the US could also shrink supplies. “So far, it appears that the bulls are doing their best to defend…
India, Nov. 9 — US Stock markets are witnessing a move below 50 day moring averages and now testing 200 day averages currently serving as support. Investors need to watch out for several dangers that could trigger further selling according to Adam Sarhan Found and CEO of Sarhan Capital. As if investors don t have…
8 reasons the selloff could get much worse November 8, 2012, 11:22 AM As if investors don’t have enough to worry about with the fiscal cliff, scary technical indicators are coming out of the closet. Adam Sarhan, founder and chief executive officer of New York-based Sarhan Capital, said that over the past eight weeks, U.S. stock markets…
NEW YORK | Thu Nov 8, 2012 9:18am EST (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market’s slow recovery was gaining traction although a severe storm distorted the data. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department…
Thu Nov 8, 2012 10:11am EST * Jobless claims unexpectedly fall, U.S. Sept. exports rise * ECB holds main interest rate steady at 0.75 percent * Qualcomm rises after revenue tops view, Whole Foods falls * Indexes up: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.3 pct By Rodrigo Campos NEW YORK, Nov 8 (Reuters) – Wall…
Nov. 6, 2012, 6:55 a.m. EST By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — U.S. stock futures pointed higher on Tuesday, drawing some support from gains for Europe stocks, as the presidential race entered its final lap with voting underway. Earnings from AOL Inc. and CVS Caremark Corp. and job-openings data were also on tap. Adding to…
Futures Large Harvests Pressure Coffee In London, U.S. By REUTERS Posted 11/05/2012 05:27 PM ET Coffee dropped Monday, with Liffe robustas falling to an eight-month low while ICE arabica coffee reached a 4-1/2-month low, as growing supply takes a bite out of prices. January robusta coffee futures dropped $24 to $1,952 a metric ton, after touching the…
By Frank Tang NEW YORK | Fri Nov 2, 2012 1:18pm EDT (Reuters) – Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks. Bullion hit a two-month…
Friday, November 02, 2012 Stock Market Commentary: The major averages gave back earlier gains on Friday to end the shortened week relatively flat. The benchmark S&P 500, DJIA, and small-cap Russell 2000 pulled back after encountering resistance near their respective 50 DMA lines. For months, the 50 DMA line served as formidable support and it…