Monday, October 8, 2012 9:33 EDT – Raw sugar is ticking lower as the stronger dollar weighs on soft commodities, but futures are hanging on to most of last week’s 5.2% jump. Sarhan Capital’s Adam Sarhan calls sugar’s 4th-consecutive weekly rise “a positive divergence” from other softs, which continue to fall. “Support held and this…
15:16 EDT – Cotton futures continue to loll around between 70c. and 72.50c/lb. with China off on holiday. Volume was very thin at just 55% of 2012’s average daily volume. “Cotton continues to go virtually nowhere as it continues tracing out its long base,” says Sarhan Capital’s Adam Sarhan. A robust USDA export sales report…
By Barani Krishnan NEW YORK | Fri Oct 5, 2012 5:53pm EDT (Reuters) – The net long money held by hedge funds and other big speculators in U.S. commodity markets rose in the week to Tuesday after strong buying in gold and natural gas, trade data showed on Friday. The rise – calculated from data issued by…
Friday, October 5, 2012 Stock Market Commentary: The major averages rallied last week and retested their prior chart highs after a two week consolidation. We find it very bullish to see the benchmark S&P 500 jump nearly 16% from June-September (1266-1474) and continue to flirt with fresh multi-year highs. It is also healthy to see the…
By Ryan Vlastelica NEW YORK | Mon Oct 1, 2012 11:57am EDT Oct 1 (Reuters) – Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. Sectors tied to growth were among the top gainers…
Mon Oct 1, 2012 10:19am EDT * Major stock indexes rise at start of quarter * Spanish bank audit seen clearing the way for bailout * U.S. manufacturing unexpectedly expands in September By Wanfeng Zhou NEW YORK, Oct 1 (Reuters) – Stocks in major markets rose at the start of a new quarter after a…
Published: Monday, 1 Oct 2012 | 1:22 PM ET * Manufacturing unexpectedly expanded last month-ISM * New orders, unemployment gauges improved * Construction spending fell 0.6 pct in Aug By Leah Schnurr NEW YORK, Oct 1 (Reuters) – U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked…
Mon Oct 1, 2012 10:24am EDT * Euro zone slipping into recession, China still slowing * U.S. manufacturing sector unexpectedly expanded last month * Indexes up: Dow 1 pct, S&P 1.1 pct, Nasdaq 0.9 pct By Rodrigo Campos NEW YORK, Oct 1 (Reuters) – U.S. stocks rose at the start of the last quarter on Monday on a surprise…
By Leah Schnurr NEW YORK | Mon Oct 1, 2012 6:25pm EDT (Reuters) – U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked up, but the pace of growth showed the economy was still stuck in a slow recovery. The Institute for Supply Management said on Monday its…
Mon Oct 1, 2012 2:49pm EDT * Bernanke defends Fed and ultra-loose policy * U.S. manufacturing sector unexpectedly expands * Goldman Sachs shares up on Barron’s view * Dow up 0.9 pct, S&P up 0.6 pct, Nasdaq up 0.2 pct By Angela Moon NEW YORK, Oct 1 (Reuters) – Wall Street rose on Monday, lifted by stronger-than-expected…