Commodities News – 6/23/09
June 23 (Bloomberg) — Canadian stocks rebounded from the biggest decline in more than three months, led by energy and metal producers, as a weaker U.S. dollar raised the appeal of commodities as an alternative investment.
June 23 (Bloomberg) — Brazil’s real rose the most in almost two weeks as commodities such as metals and crude oil rebounded, signaling demand for exports.
June 23 (Bloomberg) — Hong Kong shares slumped after the World Bank’s prediction of a deeper global economic contraction prompted a plunge in commodities prices.
June 23 (Bloomberg) — Gold dropped for a second day as commodities tumbled and the dollar rallied, eroding demand for the precious metal as an alternative investment.
The value of farm and mineral exports will be lower than expected in the coming year, the nation’s chief commodities forecaster has predicted. The Australian Bureau of Agricultural and Resource Econo
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.
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’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.
Chile Stks End Down 2.5% On Profit-Taking, Commodities Prices Wall Street Journal By Julian Dowling SANTIAGO (Dow Jones)–Chile’s Ipsa blue-chip stock index closed sharply lower Monday, due to profit-taking and lower commodities prices amid a broad sell-off in the US market following the release of a bearish World Bank economic …
The Moscow Times 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. Emerging-Market Stocks in ‘Correction’ After 10% Drop in 2009 Bloomberg Bulls retreat worldwide; in Russia, the bear is already back Los Angeles Times World Markets…
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 … Brazil Stocks End Sharply Lower On Risk-Related Sell-Off Wall Street Journal all 5 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, …
SE Asia Stocks-Most indices around 1-month low; commodities drag Reuters Oil and commodities lead most markets lower * Malaysia recovers late in the session * Concerns over recovery also hurt financial shares By Viparat Jantraprap BANGKOK, June 23 (Reuters) – Most Southeast Asian stock markets tumbled to around a one-month …
Washington Post Stocks, Commodities Fall as World Bank Sees 2.9% Contraction … 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 Factors-Shares seen mixed as commodities dip Forbes Volatility returns as market goes into tail spin The Australian Australian Market Slumps More Than 3% On…
Canada Stocks Gain as Teck, Potash Corp. Rise With Commodities Bloomberg “We still have what people want, which is our commodities ,” said Douglas Davis, chief executive officer of Toronto-based Davis-Rea Ltd., which manages about C$400 million. “I think we are in pretty good shape.” US treasuries advanced for a third day as …
Thanh Nien Daily Gold Declines for Second Day in Asia on Commodities , Dollar Bloomberg By Glenys Sim June 23 (Bloomberg) — Gold dropped for a second day as commodities tumbled and the dollar rallied, eroding demand for the precious metal as an alternative investment. Assets held by the SPDR Gold Trust, the biggest exchange- traded fund … PRECIOUS METALS: Fund Selling Pressures Comex Gold Futures Wall Street Journal Gold rallies from 6-week low on limp dollar Reuters Gold falls to one-month low as…
Commodities sink on weak economic outlook The Associated Press Prices for everything from silver to oil to corn dropped sharply as investors moved money out of commodities and into safer assets like Treasurys and the dollar after the World Bank said it expects the global economy to shrink by 2.9 percent this year. … Did commodity prices get ahead of fundamentals? BloggingStocks all 77 news articles
ArabianBusiness.com Oil, Gasoline Rise as Dollar Drop Boosts Appeal of Commodities Bloomberg By Mark Shenk June 23 (Bloomberg) — Crude oil rose more than $1 a barrel and gasoline climbed for the first time in five days as a weaker dollar bolstered the appeal of commodity futures as an alternative investment. Oil climbed as the US currency … Commodities : Oil settles below $70 ShareCast Commodities : If Iran Blows, Watch Oil International Business Times Australia Oil volatile around $67 on grim World…
