China announces new measures to combat rising commodity prices
The Chinese government has announced a slew of measures to combat rising commodity prices, including boosting agricultural production and stabilizing supply of products and fertilizers.
PRECIOUS ROUNDUP - Silver, palladium post weekly gains; gold, platinum down
In an eventful week, that passed through uncertainty about Ireland's response to a bailout offer, an unexpectedly higher Chinese inflation number and its policy response and largely mixed US data, investors remained cautious about the changing 'risk-friendliness' of commodities. In a mixed precious metals segment, silver rose 5 percent in the week and palladium was up by 4.4 pct while gold fell 1.1 percent and platinum dropped by 0.9 percent from previous Friday.
Precious metals loose day's gains as focus shifts to hawkish China from comfortable Europe
Precious metals slid from their day's highs on Friday in New York as fears that China will soon raise rates eroded the investment appeal commodities gained on good news from Europe.
China raises RRR to record high, steps up fight against inflation
China is intensifying efforts to fight inflation as it raised the reserve requirement ratio for banks on Friday for the fifth time this year and the second time this month.
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Commodities rally a three-way boon to US economy
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China inflation to stay above target as food prices surge
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Philadelphia manufacturing index touches 23-month high
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Michigan University forecasts sluggish economic recovery
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Interview with Jonathan Rose: Audit the Federal Reserve and Gold ETFs
In the following interview of IBTimes with Jonathan Rose, President and CEO of Capital Gold Group, he talks about the recent cool down of the gold price, the impact of the non-results of the G-20 summit, the different mentality of investors in the U.S. and Britain regarding gold, and says that the Federal Reserve and gold ETFs should be properly audited.
UK monthly factory orders rise, sees output growth slowing
UK factory orders rose more than expected in November, but the manufacturers expect the output growth to slow in the next three months.
QE2 important for job creation: Rosengren
Boston Federal Reserve's Chairman Eric Rosengren defended the Fed's second round of quantitative easing, stating that it was necessary to avoid deflation and help unemployment. The fact that the U.S. Treasury yields have risen since the Federal Reserve announced a second round of quantitative easing does not mean that the QE2 is failing, Capital Economics said in a note.
UK Oct. retail sales up for first time in three months
Retail sales in the U.K. rose by 0.5 percent for the first time in three months during October, according to a report by the Office for National Statistics.
China begins tackling inflation
Chinese Premier Wen Jiabao said on Wednesday that the State Council, China’s cabinet, is drafting measures to contain rising commodity prices.
China steps up fight against food inflation
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.
US stocks fluctuate in early trade
S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.
US stock futures extend modest gains
Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.
US dollar slides on weaker-than-expected CPI
The US dollar dropped against its major counterparts on Wednesday after data showed October consumer price inflation was slower than expected with housing starts data for the same month also coming in at a weaker-than-expected level.
US Oct. consumer prices rise 0.2 pct; core prices remain flat
U.S. consumer prices rose lower than expected in October mainly driven by a rise in gasoline prices.
Commodities drop across the board on fresh hawkish signals from China, EU woes
Commodities slid across the board on Wednesday on fresh signals from China that it will soon raise rates with lingering Euro area debt woes also helping keep investors away from risky assets. Gold and silver traded near their 2-week lows while copper and platinum fell to their lowest since late September. Also, December and January crude fell to its lowest since Oct. 29.
Chinese consumer confidence falls for first time in 18 months
Chinese consumer confidence fell in the third quarter, recording a drop for the first time in six quarters, amid growing inflation concerns.
BoE policy panel still split over base rate and inflation policies
Members of Bank of England's (BoE) policy panel continue to be split three ways over new policies to contain inflation and spur growth, according to the minutes released by the Monetary Policy Committee on Wednesday.
Fed likely to buy all $600 bln for QE2, open to QE3
The Federal Reserve is likely to spend the entire $600 billion allocated for the second round of quantitative easing (QE2) and is open to a third round (QE3) if the economy performs worse than expected.
Stocks sliding on fears of Irish bailout and Chinese demand slowdown
U.S. stocks are sliding on fears over inflation in Asia and the growing likelihood that Ireland’s battered economy may need a cash bailout from the European Union (EU).
NY Fed chief downplays debt monetization label
William Dudley, president of the New York Federal Reserve, downplayed the charge that the Federal Reserve is monetizing U.S. government debt. The Fed is accused of doing so because it is engaged in quantitative easing.
US stocks fall on overseas concerns, economic data
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.
US PPI rises in October
The producer price index for finished goods rose for the fourth consecutive month in October, mainly pushed by gas price hikes, the U.S. Labor Department said in a report.
US stock futures fall on foreign worries; PPI below expectations
Futures on the S&P 500 are down 0.49 percent, futures on the Dow Jones Industrial Average lost 0.55 percent and Nasdaq100 futures are down 0.73 percent.
South Korea raises rates as focus shifts from hot money to inflation
The Bank of Korea raised a key policy rate by 25 basis points as the central bank's focus shifted from unchecked inflows of foreign funds to rising inflation.
US futures down ahead of economic data
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.
EU inflation rose in October: Eurostat
Annual inflation in the European Union rose during October, for both the euro area and the EU, according to a report by the Eurostat, the statistical office of the European Union
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