The futures of Arabica coffee have reached the uptick of 12 years in New York today. Robusta coffee also hit highest level in two years in London due to the tropical storm closing on the coffee-producing countries.
General Electric Company (NYSE:GE) starts trading in the green zone, rising to 15.62 by +0.04 (0.26%). Cisco Systems, Inc. (NASDAQ:CSCO) shares go up to 22.41 points, gaining +0.36 (1.63%).
Ford Motor Company (NYSE: F) shares continued to catch the bullish trend against the background of favorable statistical data. Ford Motor Company reaches 12.28 points, gaining +0.30 (2.46%) in late trading.
The Dow Jones Industrial Average will rise owing to reports by a number of auditing companies. At the same time, Wal-Mart Stores, Inc. (NYSE: WMT) shares are likely to peak. Caterpillar Inc. (NYSE: CAT) is conducting a pre-market trading around 69.38 points, gaining +0.89 (1.30%).
Dow Jones Industrial Average close to a mark of 10.358 points, accumulating the necessary +36.25 points (0.35%). Bulls continue to provide support for the Dow index on low trading volumes. American Express Co., Bank of America Corp. and Travelers Cos Inc. continue to decline. Alcoa Inc loses 0,462%, but the Dow index continues to refrain of collapse.
Who needs a weak yuan? What will the exchange rate between the dollar? Technology companies deftly move production around the world only to find the most favorable conditions for himself. Apparently, now they have to make the next leap forward in this direction. Bank of China on Saturday announced that he intends to continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate. In a statement posted on the bank’s Web site states that the established boundaries of fluctuations yuan (0,5% per day) remain unchanged. At the same time the Central Bank intends “to focus on the reflection of market demand, taking into account a basket of currencies”.
Just a timid guy… Timothy Geithner (U.S. Treasury Secretary) is known as a rather timid and indecisive accuser. But the upcoming election for Congress and the Democratic Party ordered him to act – to try to criticize China over alleged unfair methods of export subsidies by an undervalued yuan. Geithner did its job in a spirit of intellectual timidity, trying to persuade China, as infants are forced to eat porridge.
The global fall in house prices was not reflected fully in the growing resort markets of countries with positive population trend. The fact is that real estate markets in Turkey, the Dominican Republic, the resort towns of Mexico and Egypt continue to stay in the green zone. Index of growth of the Turkish real estate exceeded 8% in the first quarter of 2010, which was European record for the market.
Mexico has become the latest victim of the elements, which began last year. In Mexico, a series of earthquakes in the San Diego area. According to the U.S. Geological Survey, the first tremors with a magnitude 5.3 were recorded in 26 km from the American town Kaleksiko.
The main question is: Will the recovery last year the U.S. economy after the end effect of public support? All the more likely seen a positive response. In April, the employment rate of payroll has increased by as much as 290 000 people, or 0.2%, which was the highest monthly increase over the past four years. Of these, approximately 66 000 people – this time the specialists of the Census, but still figures show a sharp increase in employment in the private sector.