An Agricultural commodity price rally in the U.S. will help the wobbly recovery in three ways - by boosting inflation a tad and narrowing the worrying trade deficit by a whisker, while not hardening enough to snuff out the fledgling recovery.
A surge in food prices propelled Chinese consumer prices to a 25-month high in October, despite the government's efforts to control inflation. Food prices in the world’s second largest economy went up by 10.1 percent in October year-on-year.
A U.K. industry taskforce has called on the British government to act now to protect the economy against a potential new threat of rising oil prices.
China has stepped up its fight against food inflation by announcing plans for price controls, the selling of government supplies, and subsidies to needy families.
Chinese consumer confidence fell in the third quarter, recording a drop for the first time in six quarters, amid growing inflation concerns.
S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
Futures on major U.S. stock indices point to lower opening on Tuesday, with futures on the S&P 500 down 0.59 percent, futures on the Dow Jones Industrial Average down 0.54 percent and Nasdaq100 futures down 0.75 percent.
India's annual rate of inflation, based on monthly wholesale price index (WPI), marginally declined to 8.58 percent for the month of October 2010 as compared to 8.62 percent for the previous month and 1.48 percent during the corresponding month of the previous year, according to a government statement on Monday.
India's annual rate of inflation for food articles declined 0.29 percentage points to 12.30 percent for the week ended October 30, 2010, from 12.59 percent in the previous week, according to a government release on Thursday.
India's annual wholesale price index (WPI) for food articles declined to 12.85 percent for the week ended October 23, 2010, according to a government release on Thursday.
Fisher-Price, a unit of toymaker Mattel Inc, on Thursday said it will recall about 10 million toys and other items in the United States and Canada due to the potential for serious injuries.
The price of gold climbed to a new all-time high of $1,284 per ounce on Monday morning, suggesting that investors are very concerned about inflation that is apparently eroding the value of paper-currencies.
The brokerage raised its price target on shares of Oracle to $31 from $28, while maintaining its buy rating.
U.S. stocks rose on Tuesday as a pair of positive data surprises helped alleviate continued investor anxiety over the economy's strength.
Prices of U.S. single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
Owners cut prices on one-quarter of U.S. homes listed for sale in July, a fourth straight monthly rise, as job market fallout trumped record low mortgage rates, real estate website Trulia.com said on Wednesday.
Rising grain prices from Russia's drought and fires will pressure populations already hit by the financial crisis and could stoke unrest -- particularly in the Middle East, North Africa and parts of Europe.
Florida Attorney General Bill McCollum said on Tuesday he is suing the world's biggest makers of liquid crystal display screens for engaging in a conspiracy at the highest level to fix prices.
Russia´s ban on grain exports caused a buying frenzy on global grain markets, driving prices up sharply under record high volumes.
New York Attorney General Andrew Cuomo sued Samsung Electronics Co Ltd and other makers of liquid display crystal screens used in computers, flat-screen televisions and mobile phones on Friday for allegedly fixing prices for a decade.
New York Attorney General Andrew Cuomo sued Samsung Electronics Co Ltd and other LCD screen makers on Friday for allegedly fixing prices for a decade, after some of them pleaded guilty to similar federal charges and paid over $890 million in fines.
Suppliers of Russian wheat to Asia are edging nearer to cancelling contracts after Moscow's ban on grain exports, forcing buyers to turn to alternative origins as U.S. wheat futures soar to a 23-month high.
