Tue, 30/11/2010 - 10:07 by Prince damin
Cchicago -- Grain futures prices were mixed Monday in Chicago with corn and wheat up slightly, as the dollar index was flat, falling 0.06 percent.
Corn was off unchanged to up 1, soybeans were off 3 1/4 to off 3 1/2, wheat was up 2 to up 3 3/4 and oats were off 5 1/2 to off 6 1/2.
Corn found support on the Chicago Board of Trade from a lack of rain in Argentina and reports of a potential corn shortage in China. Wheat futures rose modestly with dry weather in Australia and the United States lending support. In the soybean market, beneficial rain in Brazil in the state of Mato Grosso as the planting season winds took away some price support Monday.
Sat, 06/11/2010 - 09:56 by Prince damin
Washington -- The U.S. economy saw a gain of 151,000 jobs in October but the unemployment rate remained at 9.6 percent, the U.S. Bureau of Labor Statistics said Friday.
It was the third consecutive month the unemployment rate was 9.6 percent and 15th consecutive reporting period the rate was 9.5 percent or higher. That is the longest such stretch since record keeping on the statistic began in 1948.
The gain in payroll was much higher than economists' expectations of an increase of 60,000.
The rise in the number of jobs marked the first time since May, when data were affected by thousands of temporary U.S. Census Bureau jobs, that job growth was reported.
Sat, 06/11/2010 - 09:30 by Prince damin
Ottawa -- Statistics Canada said Friday the unemployment rate dropped slightly to 7.9 percent in October on a gain of 3,000 jobs.
The rate had previously been 8 percent, the Canadian Broadcasting Corp. reported.
It fell with a double benefit of jobs added and the reduction of 4,300 people looking for work.
During the month, 47,000 full-time jobs were added to the economy and 44,000 par-time jobs were lost.
"Today's soggy employment gains extend the broader theme of much more modest growth in Canada than seen in the opening months of the year," said Doug Porter, deputy chief economist at BMO Capital Market.
Thu, 04/11/2010 - 23:28 by Prince damin
New York -- U.S. markets surged early Thursday on encouraging data backed by a U.S. Federal Reserve decision to pump $600 billion into the economy through Treasury bonds.
The Fed said Wednesday it would buy $75 billion in long-term bonds per month through June. The decision was made after reports earlier in the week showed gains in U.S. and Chinese manufacturing and in service-oriented U.S. business activity.
Equity markets rose across Asia and Europe Thursday morning. In midmorning trading on Wall Street, the Dow Jones industrial average added 156.63 points or 1.4 percent to 11,371.80. The Standard & Poor's 500 index gained 14.99 or 1.25 percent to 1,212.95. The Nasdaq composite index jumped 30.044 or 1.2 percent to 2,570.71.
Wed, 03/11/2010 - 23:32 by Prince damin
New York -- U.S. markets dropped Wednesday after gaining early as investors waited for the Federal Reserve's afternoon announcement on monetary policy.
Expectations were high the Fed will announce a limited round of bond purchases. But how much of a boost that would give markets, if any, remains to be seen. When investors anticipate a beneficial policy decision, they often make adjustments ahead of the actual announcement.
In early afternoon trading, the Dow Jones industrial average lost 22.93 points, 0.2 percent to 11,165.79. The Standard & Poor's 500 index fell 0.28 percent, 3.29, to 1,190.28. The Nasdaq composite index shed 0.34 percent, 8.53, to 2,524.99.
The benchmark 10-year Treasury note gained 16/32 to yield 2.536 percent.
Wed, 03/11/2010 - 23:29 by Prince damin
Roseland, N.J. -- Payroll company Automatic Data Processing said Wednesday the U.S. private sector gained 43,000 jobs in September to October.
The number of private sector jobs, a critical litmus test for the U.S. economic recovery, rose for the first time in three months. ADP however, revised the previously reported loss of 39,000 jobs a month ago to a loss of 2,000.
Previous to the two-month streak of losses, the economy had added jobs for six consecutive months.
Wednesday's report comes in advance of Friday's government employment report, which is considered more encompassing, as it also includes government jobs.
Wed, 27/10/2010 - 09:36 by Prince damin
Chicago -- Grain futures closed higher Monday despite the dollar index snapping a downward streak with a gain of 0.77 percent.
Corn was up 2 1/4 to up 3 1/4, soybeans were off 1/2 to up 1 1/4, wheat was up 18 to up 19 and oats were up 6.
Corn futures rose modestly with the harvest more than 95 percent done in Illinois and Indiana. Wheat found support from the weekly U.S. Department of Agriculture progress report that pegged winter wheat conditions as poorer-than-expected. Soybean harvests are also nearing completion in Illinois, Iowa, Indiana and Ohio, the USDA said.
Corn: Dec. 5.71, up 2 1/4; Mar 5.84, up 2 1/2; May 5.90, up 2 3/4; Jul 5.94, up 3 1/4.
Wed, 27/10/2010 - 04:19 by Prince damin
New York -- U.S. consumer confidence rose slightly in October after falling in September, the Conference Board said Tuesday.
The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, rose from 48.6 in September to 50.2, the research group said.
In October, the monthly survey of 5,000 households found the number of respondents indicating economic conditions were "good" rose from 8.2 percent to 8.5 percent. The number of respondents indicating conditions were "bad" fell from 46 percent to 41.9 percent.
Thu, 07/10/2010 - 07:29 by Prince damin
Washington -- U.S. crude oil inventories rose by 3.1 million barrels in the week ending Oct. 1, the U.S. Energy Information Administration said Wednesday.
The agency said crude inventories increased to 360.9 million barrels during the week, with supplies remaining above the upper limit of the average range for this time of year.
Gasoline inventories fell for the second consecutive week, dropping by 2.6 million barrels to 219.9 million barrels. Gasoline stockpiles are listed as above the upper limit of the average range.
Supplies of distillate fuels, which include heating oil, fell by 1.1 million barrels to 172.5 million barrels.
Tue, 14/09/2010 - 05:25 by Prince damin
New York -- U.S. markets rose to start the week Monday and gains were made in Asia and Europe.
Equities have defied dour predictions made in August when they were on a downswing.
At close Monday, on a day with no major government reports on the economy, the Dow Jones industrial average added 81.36 points, 0.78 percent, to 10,544.13. The Standard & Poor's 500 index rose 12.35, 1.11 percent, to 1,121.90. The Nasdaq composite index added 43.23, 1.93 percent, to 2,285.71.
On the New York Stock Exchange, 2,297 stocks advanced and 725 declined on a volume of 3.1 billion shares traded.
The benchmark 10-year Treasury note gained 13/32 to yield 2.75 percent.
Tue, 14/09/2010 - 05:16 by Prince damin
Evanston, Ill. -- Males who experience rapid weight gain in the first six months of life reach puberty sooner and are taller and more muscular, a study suggests.
A Northwestern University study of men in the Philippines found adult males who had rapid growth as babies -- indicating they were not nutritionally stressed -- grow up stronger and show higher testosterone levels as young adults, a university release said Monday.
Testosterone may hold the key to understanding these long-term effects, researchers say.
Tue, 14/09/2010 - 04:18 by Prince damin
New York -- U.S. markets rose higher to start the week and gains were made Monday in Asia and Europe.
Equities have defied dour predictions made August when they were on a downswing.
In midmorning trading Monday, the Dow Jones industrial average added 95.28 points, 0.91 percent, to 10,555.40. The Standard & Poor's 500 index rose 1.15 percent, 12.71, to 1,122.26. The Nasdaq composite index added 1.52 percent, 33.11, to 2,276.59.
The benchmark 10-year Treasury note gained 2/32 to yield 2.788 percent.
The euro rose to $1.2835 compared to Friday's $1.2711. Against the yen, the dollar fell to 83.92 yen from Friday's 84.20 yen.