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US stock futures are lower this morning after Cisco Systems (CSCO) issued a weak revenue forecast last night, and China reported 4.4% surge in its consumer-price index in October. Futures on the Dow Jones Industrial Average lost 14 points at 11,288.00, while S&P 500 futures moved down 2.80 points to 1,211.30. Nasdaq 100 futures dropped 12.75 points to 2,161.75.

However, U.S. markets did gain yesterday, with the Dow Jones industrial average rising 0.1%, the Standard & Poor’s 500 Index gaining 0.4% and the Nasdaq Composite Index advancing 0.6%.

Continue reading Futures Lower on Cisco, China Inflation

Futures Lower on Cisco, China Inflation originally appeared on BloggingStocks on Thu, 11 Nov 2010 08:30:00 EST. Please see our terms for use of feeds.

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Last week saw the December euro futures contract at the $1.42 level. Now, suddenly, we’re down to the $1.39 level. The dollar is stronger and commodities are down. You are probably wondering what is happening.

The prime mover is the Irish debt woes. The New York Times reports that the Irish bond market is already in in a free fall and plunged even further when Ireland announced that it planned to nearly double its package of spending cuts and tax increases to rein in their big deficits. Ireland’s deficit is 32% of GDP.

Continue reading Euro Falls on Irish Debt Worries

Euro Falls on Irish Debt Worries originally appeared on BloggingStocks on Mon, 08 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

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The gold market exploded Thursday with the December contract up $45.50 to $1,383.10 per ounce, as reported in the Wall Street Journal.

As usual, there are lots of reasons for the spectacular rise. The two main ones are currency worries and inflation.

Let’s take the currency issue first. The December U.S. dollar contract is hovering just above the 75 level. That level held and the dollar then rose to 89.11. Now it has come back down to the 75 level. A breach of 75 would signal a further move down.

Continue reading Gold Powers to a Record $1,383 per Ounce

Gold Powers to a Record $1,383 per Ounce originally appeared on BloggingStocks on Fri, 05 Nov 2010 10:00:00 EST. Please see our terms for use of feeds.

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One of the broadest measures for commodity prices is the 19-commodities Reuters-Jefferies CRB Index. For October, the index was up 4.8% after an 8.5% gain in September, as reported in Investors.com.

Sugar and cotton started the trend, rising more than 20% each. Corn was up 17% and arabica coffee rose 11%.

Continue reading How Did Commodities Do in October?

How Did Commodities Do in October? originally appeared on BloggingStocks on Mon, 01 Nov 2010 09:30:00 EST. Please see our terms for use of feeds.

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