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Monday, December 20, 2010

Arabica coffee prices can vertical pin up to a record $ 4 a pound

Arabica coffee prices can establish a "vertical pin up"to a record $ 4 a pound at the end of the first quarter with a daily profit of 50 cents per pound after surging to a 13 year old boy a week Last, the researcher said Shawn Hackett. Coffee is no longer a "commodity value" and roasters face a "demand rationing orgy panic, " wrote Hackett, president of Hackett Financial Advisors Inc. in Boynton Beach, Florida, in a report dated 18 December. Robusta coffee prices traded in London may rise to $ 2,500 per tonne on the growing demand in Asia and the lack of production growth in Vietnam, the world's largest producer of grains, Hackett said via email yesterday. The rains in Latin America is likely to maintain coffee production output over the past two years, according to Hackett. Arabica coffee...

Copper rose more in a week in New York amid speculation

Copper rose more in a week in New York amid speculation that the U.S. economy is recovering and after hedge funds bet on the metal more profit. U.S. Department of Commerce on December 22 may revise its estimate of third quarter growth at an annualized rate of 2.8 percent versus a previous estimate of 2.5 percent. Hedge funds have the largest net-long positions, or bets on higher prices in New York in five years, government data. "The enterprise market is entering the final year," said David Thurtell, analyst at Citigroup Inc. in London. "Hedge funds want to keep them high to get good performance numbers and probably also anticipate good tickets New Year." Copper futures for March delivery added 4.7 cents, or 1.1 percent, to close at $ 4.206 a pound at 1:01 pm on the Comex in New York. That's...

The crude oil trading near the highest levels in two years

The crude oil trading near the highest levels in two years, is likely to "escape" to $ 94 a barrel if prices remain above $ 87 bracket, according to Chart Partners Group Ltd. Commodities such as oil, gold and copper is optimistic short-term trends going into January, and that "flirting" with a "cycle of opposition, correction" in the long term, said Thomas Schroeder, CEO of partners Graphics, a company based in Bangkok in technical research. The level of $ 87 per barrel is a turning point and was the highest of the year a few months ago, Schroeder said. Crude oil futures settled above $ 87 a barrel, three times in November before rebounding above $ 88 a barrel in December. "It appeared more than $ 87, turned down and had a severe fall, turned over $ 87.'s Having trouble deciding whether...

World zinc mining companies can pay 15 to 20 percent

World zinc mining companies can pay 15 to 20 percent less than the foundries of the raw material for processing into refined metal next year after fees were reduced in the cash market, according to Macquarie Group Ltd. "Assuming a zinc base price of $ 2,000 a metric ton, we could see a base treatment charge of about $ 200 - $ 210 per dry metric tonne," the bank said in a report released today. This would be a reduction of about $ 40 - $ 50 per ton of reference for this year of $ 253 per tonne at a base price of $ 2,000 a tonne, the bank said. Mining companies including Teck Resources Ltd., and foundries, and Korea Zinc Co. and Mitsui Mining & Foundry Co., are negotiating rates for next year. The producers seek lower rates when the raw material, or concentrate are called, in case of shortage....

Natural gas rose for a second day in New York

Natural gas rose for a second day in New York on forecasts of below-normal temperatures in the eastern U.S. that can increase demand for fuel. Gas futures gained as much as 2.3 percent as the weather can be colder than normal in the east coast and the Great Lakes region from December 27 through January 2, according to the National Weather Service . Earlier forecasts had shown above-normal temperatures in New England during that period. "It seems we'll have another attack of cold," said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. "I think the market has found support at $ 4 after last week flush and seems to be recovering a little." Natural gas for January delivery rose 7.8 cents, or 1.9 percent, to $ 4,144 per million British thermal units at 12:24...

OAO Uralkali agreed to buy OAO Silvinit for $ 7.8 billion in cash and stock

OAO Uralkali agreed to buy OAO Silvinit for $ 7.8 billion in cash and stock to benefit from growing demand. Uralkali buy 20 percent of Otkritie Silvinit Financial Corp. for $ 1.4 million, or $ 894.50 per share, the Berezniki-based company said in a statement. It will buy the remaining shares worth 6.4 billion U.S. dollars from 13 December. The acquisition is the third largest this year announced in the base material after purchase s Newcrest Mining Ltd. Lihir Gold Ltd., and proposed Vedanta Resources Plc, the acquisition of Cairn India Ltd.. The combined entity would have a value of $ 23900000000, from December 17 prices, Uralkali said, it expects to complete the deal in early May 2011. potash producers are being consolidated as an increase in grain prices, driven by drought this year in...

European stocks rose &strength the economic recovery enough to withstand the crisis

European stocks rose, erasing the losses that followed Lehman Brothers Holdings Inc. 's 2008 bankruptcy, amid speculation that the economic recovery is strong enough to withstand the crisis in the region of sovereign debt. Volkswagen AG, the largest European carmaker, soared 3.7 percent after saying it expects sales in China to grow as much as 15 percent next year. Abertis Infraestructuras SA added 1.3 percent in the Sunday Times said that CVC Capital Partners Ltd. may bid for the Spanish motorway operator. Retailers retired as snow Christmas shopping interrupted. The benchmark Stoxx Europe 600 Index rose 0.7 percent to 278.38 closing at 4:30 pm in London, the highest since September 12, 2008, the last trading day before the collapse of Lehman. The index has advanced 6.3 percent this month...

rising in German stocks

German stocks rose, with the DAX index rebound from last week's decline, as investors speculated that economic recovery will support Europe's crisis of sovereign debt. Volkswagen led gains in the benchmark DAX index, increased 3.7 percent. Munich Re added 1.5 percent as the world's largest reinsurer, said it would maintain stable dividend payments. Metro AG fell 2 percent, Haniel & Cie GmbH is said to consider reducing its stake in the company. The DAX rose 0.5 percent to 7,018.6 at the close of 5:30 pm in Frankfurt, last week cut 0.3 percent decline. The measure has advanced 4.9 percent this month as U.S. reports showed builders began...

U.S. stocks drift between gains and losses

U.S. stocks drift between gains and losses as Boeing Co. fell on concern that could delay its new 787 Dreamliner and the deterioration of Intel Corp. dragged on technology shares. Boeing fell 2.7 percent after the Seattle Times reported the company was preparing to announce a new delay to the 787. Intel fell 0.8 percent after a Wall Street Journal report that the proposed purchase of chip maker McAfee Inc. is facing antitrust scrutiny from Europe. American Express Co. fell 4.1 percent after Stifel Nicolaus & Co. cut its rating on the stock. The S & P 500 rose less than 0.1 percent, to 1,244.47 at 11:45 am in New York after gaining 0.3 percent in early trading. The Dow Jones industrial average fell 33.72 points, or 0.3 percent, at 11,458.19. benchmark indexes fell to their lows of...

China stocks fell the most in a month

China stocks fell the most in a month as tensions on the Korean peninsula fueled a sell-off in risky assets, adding to the lingering concerns of investors that the government may raise interest rates to control inflation. Jiangxi Copper Co. and Aluminum Corp. of China Ltd. fell more than 3 percent of commodity prices fell and the dollar rose after South Korea said it will continue with a live fire drill carried Korea North of threats of retaliation. Kangmei Pharmaceutical Co. led a retreat among health-care companies after the Economic Observer said the government could reduce drug prices by 40 percent. "Tension on the Korean peninsula can...

Dubai shares rose for a second day Dubai International Capital

Dubai shares rose for a second day Dubai International Capital LLC, an investment company owned by the emirate's ruler, agreed with creditors to restructure about $ 2.5 billion. benchmark for Abu Dhabi won. Arabtec Holding Co., the largest construction company in UAE, advanced from the 07 December and Dubai Islamic Bank PJSC, the largest Shariah-compliant lender in the country, gained the most since Dec. 1. Dubai DFM General Index rose to 0.9 percent before closing 0.1 percent to 1,641.15 at 2 pm in the emirate. Abu Dhabi index rose 0.3 percent, the most in more than a week. In Israel, the TA-25 Index added 0.2 percent to close at a record...

The euro fell after Moody's Investors Service downgraded some Irish lenders

The euro fell after Moody's Investors Service downgraded some Irish lenders and debt. Boeing Co. led losses in the Dow Jones Industrial Average amid concerns that delayed its new 787 Dreamliner. The euro fell against 14 of the 16 major pairs at 11:36 am in New York, falling to 1.2 percent to a record low against the franc. 500 of Standard & Poor's changed little after rising 0.3 percent in the first 15 minutes of trading. Boeing fell to 3.4 percent after the Seattle Times reported that it will release a new delay to the 787. The euro extended losses as Moody's downgraded the state-controlled Anglo Irish Bank Corp. and Irish Nationwide Building Society, with grades of scrap and reducing Ireland in a variety of bonds, or securities backed by cash flows of the other debts. Intel Corp. also...

difficulty raising funds amid debt crisis in the region After The euro weakened

The euro weakened on speculation some European nations will have difficulty raising funds amid debt crisis in the region after the rating companies downgraded the credit quality of Ireland and is considered further cuts. The single currency has depreciated against 14 of 16 major counterparts, fell to a two week low against the dollar and the yen as Moody's Investors Service downgraded two lenders based in Dublin to junk status. Costs to ensure France's public debt rose to a record, indicating the nation may be at risk of losing their top rating. The Swiss franc rose to a record high against the euro as investors sought refuge from the situation in the area of sovereign debt. "We clearly have a whiff of panic in the air," said Boris Schlossberg, director of currency research at GFT Forex...

The pound rose against the euro amid concern over European nations

The pound rose against the euro amid concern over European nations will have difficulty raising funds as the Confederation of British Industry said the Bank of England will start raising interest rates within six months. Sterling strengthened against the single currency of 16 nations at the IWC issued its report and the data showed that mortgage lending in the UK rose for the first time in six months. Government bonds advanced, leaving the 10-year yield at least a week as the military exercises in South Korea and threats of retaliation by the North increased demand for the safety of fixed income assets. "Sterling is benefiting from the work of diversification in the back of the concerns of the euro and I had come out and tell the CBI that the Bank of England would be to hike within six months,"...

Romania delaying the first sale of bonds denominated in euros initially planned for the fourth quarter until 2011

Romania plans to sell bonds denominated in euros in the first quarter, as part of the program three-year bonds worth 7 million euros ($ 9,200,000,000), Deputy Finance Minister Bogdan Dragoi said. The Ministry of Finance will take the organizers of the program early next year, after the administration selected a group of law firms last week to advise on the sale, Dragoi said in an interview today in Bucharest. Romania delaying the first sale of bonds denominated in euros initially planned for the fourth quarter until 2011 after resuming the search for legal counsel in an appeal against the selection process. The country plans to turn to international markets twice next year to help finance a budget deficit of 4.4 percent of gross domestic product in accordance with its international creditors,...

The yield on the 10-year bond touched the lowest level in one week & Treasuries rose for the third consecutive day

Treasuries rose for the third consecutive day the longest winning streak this month that the Federal Reserve prepared to buy up to $ 17 billion in two operations, the most in a single day. The yield on the 10-year bond touched the lowest level in one week military exercises in South Korea and threats of retaliation by the North increased demand for safety. The European Central Bank said last week that it has "serious doubts" that the banking legislation introduced by the Irish government endangers the ECB's ability to execute its liquidity operations. "The market is a bit exhausted right now," said David Ader, head of government bond strategy in Stamford, Connecticut, of CRT Capital Group LLC. "People have been battered, beaten and shocked by the decision we had to higher yields. They're...

Canadian dollar weakened against its U.S. counterpart for a third day

Canadian dollar weakened against its U.S. counterpart for a third day as crude oil, the main export of the country, reversing progress. The Canadian dollar as the currency is known, declined after Canadian wholesale prices fell unexpectedly stagnated and national activity index of the Chicago Federal Reserve. Canada's currency was the closest to parity with the dollar last week over a month. Data tomorrow may show gains in the consumer price index slowed, while retail sales were stable. "You have to oil prices, emerging from the top during the night, and concerns about what is happening to the Canadian economy," said David Watt, senior currency...

it would limit its purchases to 70 percent as part of its plan to expand its balance sheet ,FED Said

The Federal Reserve said it would limit its purchases to 70 percent of any single security of the Treasury as part of its plan to expand its balance sheet is known as quantitative easing. The central bank had temporarily relaxed its limit of 35 percent in November to announce additional purchases of $ 600 billion in Treasuries until June. The New York Fed said in a statement given percentages allowable purchase of three brackets into account the open market system, or EMS, which consists of values that has, over 30 percent to 70 percent. The Fed has acquired about 137.5 billion U.S. dollars of Treasury bonds since resuming the purchase of...

Asian stocks fell for a third time in four days

Asian stocks fell for a third time in four days as concern mounted Europe's debt crisis will spread and South Korea held a mock artillery retaliation has led to threats by North Korea. HSBC Holdings Plc, Europe's biggest lender by market value, fell 1.1 percent in Hong Kong. Ricoh Co., a manufacturer of office equipment that receives 23 percent of sales in Europe fell 1.9 percent in Tokyo. Sony Corp. fell 1.2 percent after the maker of Bravia TVs, said sales of TV sets fall short of its full-year target. Santos Ltd., Australia's third largest oil and gas producer, rose 4.1 percent after agreeing to sell part of its gas project in Australia. "Debt...

New York Metropolitan Transportation Authority is selling $ 350 million in Build America Bonds

New York Metropolitan Transportation Authority is selling $ 350 million in Build America Bonds, a leading end of 2010 the issues of debt liabilities. States and municipalities are scheduled to sell $ 400 million in federal grant values this week, the fewest since the last week of 2009. The drop follows two weeks of selling manufacturing assets in American history of the program 21 months. About $ 1.1 billion in bond issuance is expected, the lowest total since the week ended December 31, 2009. Even if the transit agency is required to pay higher yields to get the deal done, is probably still cost less than the issuance of tax exempt after the program expires on December 31, said Peter Coffin, president of Boston Advisors Breckinridge Capital Inc., which manages about $ 13 billion in municipal...

Investors can profit in 2011 by buying the U.S. currency against Japan

Investors can profit in 2011 by buying the U.S. currency against Japan as the yield difference between bonds of the two countries is expanded for the dollar, according to Franklin Templeton Investments. U.S. yields up in the midst of an economic recovery and concerns about the size of the government loan program, wrote Michael Hasenstab, who heads the 43.7 billion U.S. dollars Templeton Global Bond Fund in San Mateo, California. Also increase as the program of the Federal Reserve buys Treasury is nearing its end and the markets speculate on the central bank's ability to reduce your balance before inflation is based, wrote in a report that details Franklin Templeton 2011 perspectives. "There can be potential opportunities to capitalize on increasing returns in the U.S. for the long position...

The Bank of England will start raising interest rates within six months to curb inflation

The Bank of England will start raising interest rates within six months to curb inflation, the Confederation of British Industry said. The Monetary Policy Committee will increase its benchmark interest rate a quarter point every three months from the second quarter of 2011 until mid 2012, the London-based group said in a report released today. It then goes to step up the pace of increases at the end of that year with a rate of 2.75 percent. "The persistent strength in energy prices and raw materials is a growing concern, as is likely in the sense that inflation will not fall as sharply as many expect," said CBI chief economic adviser,...

the peso will weaken further and become the worst performing currency in Latin America .

Argentina can send a current account deficit for the first time in a decade next year, raising concerns that the peso will weaken further and become the worst performing currency in Latin America for the third consecutive year. The deficit is likely to be equal to 0.4 percent of gross domestic product in 2011. The weight can be slid 8 percent to 4.29 per dollar at the end of next year. Argentina may report its first current account deficit since 2001, imports exceed exports. The measure of trade in goods, services and investments will probably be reduced by 73 percent in the third quarter last year to $ 1 billion. A weaker peso could erode...

Treasury bonds advanced for a third day in the longest streak of gains this month

Treasury bonds advanced for a third day in the longest streak of gains this month as the escalation of tensions on the Korean peninsula drove investors to the perceived safety of U.S. government debt. Bond yields also rose about one percentage point higher than under attracted buyers this year. South Korea said today that a live fire drill was completed without incident after threats of retaliation by North Korea. The Federal Reserve is scheduled to buy up to $ 17 billion of Treasury bonds with maturities between 2014 and now 2020. "What happened in Korea is of course something that the markets are aware of and lying in the bottom," said Rasmus Enthusiast, fixed income strategist at Credit Suisse Group AG in Zurich. "Any global crisis will cause a rally in Treasuries." The yield on the...

Brazil is behind all the major countries of Latin America in the dollar bond market

Brazil is behind all the major countries of Latin America in the dollar bond market this year for the first time since 1997 amid the concern of the president-elect, Dilma Rousseff, you can not curb spending growth. The return of 8.4 percent of Brazil's bonds this year is the lowest among the eight countries of the region followed by JPMorgan Chase & Co. 's EMBI +. Argentine bonds gained 31 percent, the biggest advance in the region. Rousseff plan to increase cash payments to the poor are helping to fuel speculation that spending will follow the policies of President Luiz Inacio Lula da Silva, public expenditure rose by 27 percent in the first nine months of the year . The average performance of Brazil's dollar bonds rose 88 basis points, or 0.88 percentage point, from 13 October last...

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