Commodities News – 6/22/09
NEW YORK (MarketWatch) — Canadian stocks fell sharply on Monday, after the World Bank issued gloomier forecasts on the global economy for the year, which hit hard the price of commodities and their related sectors in Toronto.
NEW YORK—-Bache Commodities Group, a subsidiary of Prudential Financial, Inc. , announced today that it is continuing to expand its FX Prime Brokerage activities with the addition of key sales and middle office professionals.
June 22 (Bloomberg) — U.S. and European stocks fell, extending losses from the first weekly decline for global equities in more than a month, as the World Bank said the recession will be deeper than previously forecast. Treasuries rose, while a drop in commodities sent oil below $68 a barrel.
Russian Stocks Sell Off As Commodities Drop
June 22 (Bloomberg) — Uranium rose to the highest in seven months as energy commodities gained globally and utilities sought to acquire stakes in companies mining the metal.
TORONTO, June 22 (Reuters) – Toronto’s main stock index could open lower on Monday as weak commodities pressure the resource-heavy market and investors flee assets perceived to be risky amid doubt over the pace of economic recovery. World stocks slipped Monday while government bonds and the U.S. dollar rose as a decline in oil prices, caution ahead of this week’s U.S. data and a U.S. Federal …
Toronto’s main stock index could open lower on Monday as weak commodities pressure the resource-heavy market and investors flee assets perceived to be risky amid doubt over the pace of economic recovery.
The benchmark indices retreated after Friday’s gain on the back of fall in commodities in international markets and weak global cues. The sell-off in oil & gas, metal, cement, realty, telecom, power and select banking stocks pushed the Nifty below the 4250 mark. Reliance Industries fell over 5% after losing over 13% in last week.
China has been driving up commodities prices by stockpiling to prepare for global recovery, but with inventories overflowing and no end to the crisis in sight, analysts say the rally may soon end.
US Stocks Slide In Broad Sell-Off; DJIA Off 170 Wall Street Journal By Peter A. McKay and Geoffrey Rogow Broad-based selling across the globe spilled into Monday’s US session, with the energy and materials sectors in the lead due to a sharp drop in commodities prices. Recently, the Dow Jones Industrial Average was down … Crude Cripples Markets; S&P Turns Red in ’09 FOXBusiness Stocks Dip on Dimmer World View TheStreet.com Midday Market Check – The Dow Jones Industrial Average Drops 190 … …
Nanaimo Daily News CANADA STOCKS-TSX may open lower on sliding commodities Reuters TORONTO, June 22 (Reuters) – Toronto’s main stock index could open lower on Monday as weak commodities pressure the resource-heavy market and investors flee assets perceived to be risky amid doubt over the pace of economic recovery. … TSX sharply lower as commodities falter ReportonBusiness.com CANADA STOCKS-TSX drops 4 pct as commodities dive Reuters CANADA STOCKS-TSX tumbles as commodities slide Reuters all 99…
European Factors-Shares seen mixed as commodities dip Forbes, NY PARIS, June 22 (Reuters) – European equities were seen mixed on Monday following the previous session’s strong gains, with resource-related stocks feeling the pinch of lower commodity prices while investors turn cautious ahead of the US Federal Reserve …
Stocks Down, Dollar Up Forbes, NY The negative opening came as the World Bank cut its 2009 growth forecasts for most countries, saying the prospects for the global economy remain “unusually uncertain”. Oil and other enegry commodities fell, as did a basket of major currencies against … Dollar gains after World Bank cuts growth forecast The Associated Press all 59 news articles
Uranium Rises to Seven-Month High as Energy Commodities Gain Bloomberg By Yuriy Humber June 22 (Bloomberg) — Uranium rose to the highest in seven months as energy commodities gained globally and utilities sought to acquire stakes in companies mining the metal. Uranium-oxide concentrate for immediate delivery added $3, …
Brazil Stocks Open Lower On Falling Commodities , Risk Aversion Wall Street Journal By Jeff Fick RIO DE JANEIRO (Dow Jones)–Brazilian blue-chip shares opened sharply lower Monday on tumbling commodities prices and a growing wave of aversion to emerging market risk. The index opened 1.4% lower at 50642 points, down from Friday’s close …
Canadian stocks pummeled by commodities slide MarketWatch By Nick Godt, MarketWatch NEW YORK (MarketWatch) — Canadian stocks fell sharply on Monday, after the World Bank issued gloomier forecasts on the global economy for the year, which hit hard the price of commodities and their related sectors in Toronto. …
Forexyard Yen Rises as World Bank’s View, Commodities Spur Safety Demand Bloomberg Japan’s currency advanced 2.3 percent to 75.84 versus the Australian dollar and gained 2.5 percent to 14.67 against the krone as the World Bank’s economic outlook and the drop in commodities discouraged carry trades, in which investors borrow in a … WORLD FOREX: Dollar Broadly Higher As Risk Aversion Returns Wall Street Journal Global market cross-currents, Fed in focus Reuters Blogs WORLD FOREX: Dollar…
US, Europe Stocks Fall, Commodities Drop on Recession Concern Bloomberg Stocks and commodities slid as the World Bank said unemployment and poverty will rise in developing nations and predicted a 2.9 percent contraction in the global economy this year. That compares with a prior estimate of a 1.7 percent decline. … European Stocks Drop Most in Two Months on World Bank Forecast Bloomberg Stocks, Copper Fall as World Bank Predicts 2.9% Contraction … Bloomberg European Stocks, US Futures Decline; Asian…
Russian stocks sell off as commodities drop MarketWatch “Russia is the highest beta large market in the emerging market asset class and looks more vulnerable during a period of global weakness, especially if commodities also weaken,” said Chris Weafer, chief strategist at Uralsib, in a note to clients. Russia Stocks Fall 20% in World’s First Bear Market Since March Bloomberg Russian stock markets plunge 8 percent as oil prices fall Chicago Tribune Russian Stocks Fall a 4th Day, Leading Drop…
