Interesting Market News And Views From Global Financial Markets (4)

Market NewsCommSec’s expert team keep you up to date with live share market news and reports, videos, stock prices and trends. For example the Japanese market has a great variety of tiny cars, but in the US, the most famous are the big and sports cars. Oh I just wanted to add that 7% of news corp is owned by Prince Alaweed the Saudi Prince. More interesting is the prime suspect being Murdoch Fraud New Corp… I mean FOX news Corp. Ratio of PUT premiums to CALL premiums (0.74 now vs. 0.79 last week) indicate option traders are pricing in slightly more risk to the upside (ie. Any indication of a slowdown in earnings will have an outsized negative impact on the market. Oil was above $60 for a couple days, before pulling back for the second week in a row.

Crude inventories reported last week showed a decline for the second straight week after 9 weeks of building. Volume remains light – which shows that there is little conviction in the market. This could lead to fickle markets (ones that react to news and bounce around – increased volatility). Look for a seasonal pull back that could lead to a deeper correction if poor economic news comes out. Retail numbers released this past week paint a picture of slowing economic activity. Shorter-term supply issues clashed with longer-range bearish fundamentals as cotton futures consolidated around contract lows and finished mixed last week.Market News

New York futures ended the week mixed, with December edging up 45 points to close at 61.85 cents/lb, while March dropped 51 points to close at 60.53 cents/lb. KARACHI: Trading was slow on the cotton market on Friday as buyers and sellers took to the sidelines after government decision to procure one million cotton bales to stabilise prices. Global oil markets remain comfortably supplied, slow demand growth in China and rising crude inventories at all time highs spell doom for the commodity.

The International Cotton Advisory Committee cut its forecast for cotton prices to a six-year low, despite sticking by a relatively upbeat estimate for Chinese imports, for which many other commentators are cutting expectations after quota curbs. Besides, slowing Chinese economy and Codelco cutting its premium on copper to China will exert downside pressure on copper prices. Despite a sharp sell off on Wednesday, our market managed to trim all losses on Thursday and eventually closed on a strong note. Domestic prices will also take cues from pepper prices of Vietnam in the international market.

Market analysts said fresh buying by traders on improved demand in the spot market mainly pushed up pepper futures prices. As per market sources, the major mandi of coriander , Kota mandi has reported the daily arrivals of 2000 ( I bag = 40 kgs ) against 2500 bags that were reported last day. Reports of commencement of fresh arrivals from Indonesia and expectations that the prices in the international market of major origins particularly Vietnam and Indonesia might be quoted at lower rates will pressurize prices. According to International Pepper Community (IPC) global output of Pepper for 2011 is expected to decline by 6,500 tonnes to 3.10 lakh tonnes.

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