News, TGIF Edition
A Transatlantic Shock Wave U.K. lender's woes weigh; data on retail sales and confidence on tap LONDON (MarketWatch) - U.S. stock futures traded lower on Friday, with news of a foreign lender's difficulties reigniting concerns about U.S. banks ahead of investment bank reporting season next week.
Iron-Ore Prices May Advance 25 Percent Next Year, J.P. Morgan Forecasts Iron-ore contract prices may gain 25 percent next year as miners fail to match the increase in demand, JPMorgan Chase & Co. said after increasing its earlier 10 percent estimate.
China's Factory Spending Accelerates, Increasing Rate-Increase Prospects China's spending on factories, equipment and property climbed 26.7 percent in the first eight months of 2007, making the central bank more likely to raise interest rates to cool the world's fastest-growing major economy.
China Raises Interest Rates for Fifth Time in 2007 to Cool Economic Growth China raised interest rates for the fifth time since March to curb the fastest inflation since 1996 and cool a surging stock market.
China's August Crude Output Rises 2.3 Percent to Meet Rising Energy Demand China increased crude output 2.3 percent last month to help meet rising energy demand in the world's fastest-growing major economy.
Queensland's New Premier Anna Bligh Confirms State's Ban on Uranium Mining Queensland's new Premier Anna Bligh ruled out changing the Australian state's opposition to uranium mining even after her Labor Party decided to allow new production sites for the radioactive metal.
Chicago Wheat Futures Extend Losses as Advance to Record Seen as Overdone Wheat futures in Chicago declined for a third day, as investors bet the recent rally to a record was overdone and on speculation higher prices will encourage the world's farmers to plant more, easing supply concerns.
Oil May Fall From Record Next Week as Refiners Shut Units, Survey Shows Crude oil may decline from a record in New York on speculation refiners will shut units in the coming month for maintenance, reducing demand.
Iron-Ore Prices May Advance 25 Percent Next Year, J.P. Morgan Forecasts Iron-ore contract prices may gain 25 percent next year as miners fail to match the increase in demand, JPMorgan Chase & Co. said after increasing its earlier 10 percent estimate.
China's Factory Spending Accelerates, Increasing Rate-Increase Prospects China's spending on factories, equipment and property climbed 26.7 percent in the first eight months of 2007, making the central bank more likely to raise interest rates to cool the world's fastest-growing major economy.
China Raises Interest Rates for Fifth Time in 2007 to Cool Economic Growth China raised interest rates for the fifth time since March to curb the fastest inflation since 1996 and cool a surging stock market.
China's August Crude Output Rises 2.3 Percent to Meet Rising Energy Demand China increased crude output 2.3 percent last month to help meet rising energy demand in the world's fastest-growing major economy.
Queensland's New Premier Anna Bligh Confirms State's Ban on Uranium Mining Queensland's new Premier Anna Bligh ruled out changing the Australian state's opposition to uranium mining even after her Labor Party decided to allow new production sites for the radioactive metal.
Chicago Wheat Futures Extend Losses as Advance to Record Seen as Overdone Wheat futures in Chicago declined for a third day, as investors bet the recent rally to a record was overdone and on speculation higher prices will encourage the world's farmers to plant more, easing supply concerns.
Oil May Fall From Record Next Week as Refiners Shut Units, Survey Shows Crude oil may decline from a record in New York on speculation refiners will shut units in the coming month for maintenance, reducing demand.
Labels: agriculture, China, crude oil, uranium
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posted by Sean Brodrick @ 7:18 AM
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